return icon Vietnamnet.vn

Hanoi to spend $5.3 million to inspect old apartments

Hanoi plans to spend about VND128 billion (US$5.3 million) to appraise the quality of old apartments across the city this year.
The old apartment at 51 Huynh Thuc Khang Street will be rebuilt. Photo: The Hanoi Times

The Standing Committee of the Hanoi People's Council has approved this allotment for districts and towns to implement this work.

The municipal Finance Department is responsible for advising the Hanoi People's Committee on budget disbursement to ensure that the district People's Committees use the funds for the proper purposes and in accordance with regulations.

The Construction Department is responsible for overseeing the appraisal of the old apartment buildings and reporting the results to the City's People's Committee.

Earlier, the Steering Committee for renovation and reconstruction of old apartment buildings in Hanoi issued a plan to inspect and assess the quality of old apartment buildings, with an estimated fund of about VND500 billion ($20.8 million) in the 2021-25 period.

The aim is to complete this inspection work before the fourth quarter of 2023, contributing to the city's urban development plan in the coming period.

The city will issue regulations on renovating and rebuilding old apartments, including criteria for selecting investors, compensation coefficients, and specific mechanisms and policies. The drafting of the regulation is expected to be completed in the third quarter of 2022.

According to the city’s plan for the 2021-2030 period, in 2030 the city will renovate and rebuild 10 old apartment buildings, including six condos in the wards of Kim Lien, Trung Tu, Khuong Thuong, Thanh Xuan Bac, Thanh Xuan Nam, and Nghia Tan), and other four dangerous ones in Giang Vo, Thanh Cong, Ngoc Khanh wards and the Ministry of Justice headquarters.

Source: Hanoi Times

MORE NEWS

Vietnam hosts over 100 million domestic visitors, surpassing all forecasts

Domestic tourism is strongly bouncing back, recording more than 100 million visitors so far this year, higher than all forecasts and up 1.5 times compared to the yearly target of 60 million.

Voting begins for top 10 culture, sporting, and tourism events in 2022

Repatriating the Nguyen Dynasty’s imperial seal, the nation’s hosting SEA Games 31, and the reopening of international tourism as of March 15 are among the nominations for voting in the top 10 culture, sporting, and tourism events of the year.

National forum on development of digital enterprises due on Dec. 8

A national forum aimed at fostering greater development among local digital enterprises is scheduled to get underway on December 8 at the National Convention Centre in Hanoi.

Quang Ninh has new acting chairman

Standing Deputy Prime Minister Pham Binh Minh has signed a Decision No 1509/QĐ-TTg on December 2th 2022 to assign the acting chairman of People’s Committee of Quang Ninh to Cao Tuong Huy.

Vietnam to develop strategic infrastructure to lure more RoK investment: President

Vietnam will strongly develop its strategic infrastructure system to lure more investment from the Republic of Korea (RoK), President Nguyen Xuan Phuc told more than 500 enterprises attending the Vietnam-RoK Business Forum in Seoul on December 6.

Central bank to raise credit limit, banks slash interest rates

The State Bank of Vietnam has raised the domestic banking system’s credit growth by 1.5-2.0 percentage points from the previous 14% limit on December 5.

Vietnam and RoK sign MoU on sports training

Vietnam and the Republic of Korea (RoK) have signed a Memorandum of Understanding (MoU) relating to sports training, to promote international sports cooperation between the two countries in the future.

Roaming Hanoi for 1,001 specialties from different parts of Vietnam

There is no need to travel far, just a walk around Hanoi will help you taste specialties across Vietnam.

VIETNAM NEWS HEADLINES DECEMBER 6

PM to attend ASEAN-EU commemorative summit, visit three European countries

VIETNAM BUSINESS NEWS DECEMBER 6

Da Nang to host Vietnam International Travel Mart

Share purchases by foreign investors hit record

In the week from November 28 to December 2, the Vietnamese stock market saw foreign investors’ net purchases reaching VND9.15 trillion, raising the total net purchase since early November to VND20.2 trillion.

Employers sell private assets to offer Tet bonuses to workers

Many enterprises in Vietnam are struggling to give Tet bonuses for their workers.

Promoting PPP cooperation to develop green agriculture in Vietnam

Promoting public-private partnerships will help improve sustainability in the agricultural sector, according to experts speaking at an event in Hanoi on Monday.

Undervalued banks winning bet for investors

The recent declines of the securities market have moved bank stocks to an 'attractive zone'. Banks were trading at a P/E multiple of 7.1 and P/B of 1.3 in late November, equivalent to the lows in March 2020.

Park Hang-seo receives Order of Diplomatic Service Merit

Head coach of the Vietnamese national team Park Hang-seo has been awarded the Order of Diplomatic Service Merit, Heungin Medal, by the Republic of Korea’s President Yoon Suk-yeol for his contribution to promoting friendly ties with Vietnam.
back_to_top