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[2009-07-23] Prime Minister approves central airport to become international
Prime Minister approves central airport to become international
(Listed Jul 23, 2009)
Prime Minister Nguyen Tan Dung has approved Phu Bai Airport in central Thua Thien-Hue Province to become international by 2020.According to the decision, the Phu Bai international airport will be a 4E-grade airport under International Civil Aviation Organization (ICAO) standards and able to receive large airplanes.It will also be designed to serve up to five million passengers a year and handle up to 20 aircr... |
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[2009-07-23] Montgomerie Links Vietnam completes golf course
Montgomerie Links Vietnam completes golf course
(Listed Jul 23, 2009)
The Montgomerie Links Vietnam in the central province of Quang Nam said on Friday that after two-plus years of planning and construction the golf course had completed its final four holes for the informal opening on August 17.According to a press release, the 70-hectare golf course includes real estate areas, a 3,000-square-meter clubhouse and a stylish cafe with floor-to-ceiling windows.The front nine were opened last year... |
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[2009-07-23] RoK retailer plans to open supermarket in Vietnam
RoK retailer plans to open supermarket in Vietnam
(Listed Jul 23, 2009)
The Republic of Korea’s leading retailer the Lotte Shopping Company, on July 22 announced plans to set up its first supermarket in Vietnam in 2013. Lotte has signed a contract with the Coralis SA Company, worth 55.7 million USD, to buy a licence to build a trade centre in Hanoi. The supermarket, which will be housed in a 65-storey building, is estimated to cost 350 billion won (roughly 280 million USD).This will be t... |
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[2009-07-22] Credit tightening will not affect stock market
Credit tightening will not affect stock market
(Listed Jul 22, 2009)
Information about banks tightening loans for securities investments would have raised concerns that this would negatively influence the stock market – if the information had been released one year go. However, this is not the situation at this moment. In principle, the tightening of credit means that investors will not have as much money to make securities investments. Therefore, it is understandable why peop... |
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[2009-07-22] Ha Noi hopes FDI projects can bounce back from slow year
Ha Noi hopes FDI projects can bounce back from slow year
(Listed Jul 22, 2009)
The number of FDI projects licensed by Ha Noi has dropped rapidly since the beginning of this year in terms of both value and volume. What are the reasons? Impacts from the global economic crisis was the main reason. All localities, not just Ha Noi, have encountered difficulties in attracting FDI. In the first six months of this year, the city granted licenses to 150 projects with a total capital of US$172... |
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[2009-07-22] Real estate market report (July 10th, 2009 – July 16th, 2009) Beware of “imaginary
Real estate market report (July 10th, 2009 – July 16th, 2009) Beware of “imaginary waves”
(Listed Jul 22, 2009)
Last week, it was recorded that Hanoi’s housing market was at a standstill. Successful transactions sharply decreased in trading floors. Many experts said that the market’s standstill will be a good opportunity for investors to create “imaginary” waves. Speaking to the press, Pham Trung Ha, director of Hoa Phat Real Estate Co., said that ... |
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[2009-07-22] Furniture and handicraft expo to open in October
Furniture and handicraft expo to open in October
(Listed Jul 22, 2009)
The International Furniture and Handicraft Trade Fair 2009 (HCMC Expo 2009) will take place from October 6-10 at the HCM City International Exhibition and Convention Center in Tan Binh District. The event is one of the country’s major trade promotion programs and is an annual fair of the furniture and handicraft sector. It will help local furniture and handicraft manufacturers introduce their products, promo... |
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[2009-07-22] More steel projects kicked off, despite warnings
More steel projects kicked off, despite warnings
(Listed Jul 22, 2009)
More and more steel projects have been licenced by local authorities though experts have given warnings about the potential consequences of excess steel production capacity. On July 19, 2009, the 500,000 tonne Thai Trung laminating steel project was officially kicked off in Thai Nguyen after the EPC contract was signed with the contractor Danieli. The noteworthy thing is that the project is not listed in th... |
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[2009-07-21] Resettlement projects remain on paper
Resettlement projects remain on paper
(Listed Jul 21, 2009)
With land erosion across the country over recent years becoming a serious threat to people along rivers, many expect to be given safe accommodation. However, resettlement projects for landslide-prone areas are only fulfilled on paper.Returning to Nhon Duc ward, Nha Be District, HCM City, where five houses were swept away due to land erosion recently, people expected to be resettled very quickly.In response to this situation, the dist... |
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[2009-07-21] Central province okays first low-income housing project
Central province okays first low-income housing project
(Listed Jul 21, 2009)
The Thua Thien Hue provincial government said Sunday it had granted the investment license to a local company for a project to build 1,000 low-income houses.This is the central province’s first project to build housing for low income people and government employees.In the first stage of the project, the Nha Vui Hue Company will spend VND80 billion (US$4.4 million) on four building blocks with 300 apartments. T... |
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[2009-07-21] Vietnam set for steel surplus
Vietnam set for steel surplus
(Listed Jul 21, 2009)
A forecast surplus of steel in Vietnam has left the future of many planned new steel-making plants in limbo. A source from the construction ministry said the nation’s demand for steel may rise to 6.5 million tons next year, far less than the expected output of more than 10 million tons in 2010 and 15 million tons in 2015 from Vietnam’s existing three steel-making plants. However, over the past few years authorities have ... |
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[2009-07-21] Office market tipped to cool even further
Office market tipped to cool even further
(Listed Jul 21, 2009)
The door is open to tenants seeking favourable rental agreements from landlords
The office market has experienced the greatest fluctuation of any real estate sector in Vietnam and it is predicted to fall even further. Nathan Cumberlidge, head of Colliers International’s Market Research and Valuation Department, said that in line with Vietnam’s stuttering economy, office rentals in Hanoi had dropped 15 to 20 pe... |
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[2009-07-21] Lacking dollars, ingot steel producers entreating Government for help
Lacking dollars, ingot steel producers entreating Government for help
(Listed Jul 21, 2009)
Ingot steel producers and the Vietnam Steel Association have petitioned Prime Minister Nguyen Tan Dung and Deputy Prime Minister Hoang Trung Hai, saying that they are facing the risk of having to stop production as they cannot purchase dollars to import scrap steel.Banks turn their backs on scrap steel importers Vu Hong Khanh, Chief Accountant of Dinh Vu Steel Joint Stock Corporation, said tha... |
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[2009-07-20] In hard times, ‘virtual office’ providers are thriving
In hard times, ‘virtual office’ providers are thriving
(Listed Jul 20, 2009)
Virtual office services are unprecedentedly flourishing. Clients who need to keep up appearances have been flocking to these service providers, even though the virtual rents keep going up.The traditional office leasing market in Hanoi and HCM City, after absorbing rents decreases of 25-30 percent over 2008, remains in the doldrums. However, the market in ‘virtual offices’ is booming.A ‘v... |
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[2009-07-20] Construction starts on flats for dispossessed residents
Construction starts on flats for dispossessed residents
(Listed Jul 20, 2009)
Construction of 12,500 apartments is under way for people in HCM City's District 2 who had to give up their land for the Thu Thiem new urban zone, a city official said.Nguyen Trung Tin, deputy chairman of the HCM City People's Committee, told representatives of the affected households at a meeting last Thursday that the city gave top priority to the rights of people whose lands have been taken over for pu... |
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