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[2010-01-21] Vietnam to take int’l loans for new expressway
Vietnam to take int’l loans for new expressway
(Listed Fen 21, 2010)
Loans will be sought from the World Bank and the Japan International Cooperation Agency (JICA) for building an expressway linking Danang City with Quang Ngai Province at a cost of nearly US$2.5 billion. Preparations are being pushed up so that work can start later this year on the project, which once in place will become part of the north-south expressway. Under a notice the Government Office released last week, Deputy ... |
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[2010-01-20] Work underway on Hanoi urban complex
Work underway on Hanoi urban complex
(Listed Fen 20, 2010)
Work started last Saturday on a residential and commercial complex, the Royal City, in Hanoi with a total investment capital of nearly VND10 trillion (US$541.4 million). Covering an area of 120,945 square meters at 74, Nguyen Trai Street, Thanh Xuan District, the complex includes luxury hotels, office for rent, trade centers, high-end apartment buildings, schools, parks and underground parking area of 300,000 square meters. A large are... |
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[2010-01-20] Cuban-Vietnamese JV develops hotels, golf courses in Cuba
Cuban-Vietnamese JV develops hotels, golf courses in Cuba
(Listed Fen 20, 2010)
The Housing and Urban Development Corporation (HUD) has signed a real estate deal with Cuba’s Palmares SA Group to build two golf courses-cum-hotel complexes in Cuba. With service centres and housing, the two complexes each cover an area of 300-400ha about 25 km from the capital of Havana. The two companies will establish a joint-venture company to carry out the project. Each of them will contribute 50 perce... |
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[2010-01-20] Economists predicts no adjustment in basic interest rate
Economists predicts no adjustment in basic interest rate
(Listed Fen 20, 2010)
It has been rumoured that the State Bank of Vietnam may raise the basic interest rate in January 2010. A prestigious foreign institution also claims that Vietnam may raise its basic interest rate considerably in 2010. While the State Bank of Vietnam (SBV) has not confirmed or denied the rumour, securities companies have already begun arguing that SBV has no reason to raise the basic interest rate. According to Tran ... |
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[2010-01-20] Ham Luong bridge opened to traffic
Ham Luong bridge opened to traffic
(Listed Fen 20, 2010)
The People’s Committee of Ben Tre province has opened to traffic the Ham Luong bridge spanning the Ham Luong river and linking Ben Tre city with four districts of Mo Cay Nam, Mo Cay Bac, Thanh Phu and Cho Lach. The construction of this cement bridge started on January 17, 2006, 2.3 kilometres away from the existing Ham Luong ferry in the upstream direction. The nearly VND 787 billion bridge, 1,280 metres in length, has four lane... |
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[2010-01-20] Apartment market not yet recovered and it’s expecting a quiet 2010
Apartment market not yet recovered and it’s expecting a quiet 2010
(Listed Fen 20, 2010)
Real estate experts all share the same viewpoint that the apartment market will be quiet in 2010.Oversupply makes sales difficult Brett Ashton, managing director of Savills Vietnam, has advised investors to take care in making investment decisions, warning that while people think the market is heating up, the market is going the opposite way. The latest report by CB Richard Ellis Vietnam showed th... |
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[2010-01-19] Boom in medium, low-cost apartments
Boom in medium, low-cost apartments
(Listed Fen 19, 2010)
More property investors are pouring money into low and medium-priced apartments as city residents are increasingly reluctant to take out loans to buy houses. "The buyers are the main factor affecting the apartment segment, and investors are trending toward buying low-and medium – priced apartments that have a more normal income level," said Pham Thanh Hung, deputy general director of The Ky (Century) Joint-Stock Company. More purc... |
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[2010-01-19] S’pore realtor signs big residential venture with local partner
S’pore realtor signs big residential venture with local partner
(Listed Fen 19, 2010)
CapitaLand Vietnam Holdings signed on Tuesday an agreement with local developer Hoang Thanh Company to jointly develop a residential area in Hanoi. The signing ceremony was witnessed by the Prime Ministers of the two countries, Singapore’s Prime Minister Lee Hsien Loong and Vietnam’s Prime Minister Nguyen Tan Dung, in Hanoi. The residential site is located in Ha Dong District, headquarters o... |
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[2010-01-19] Home trading in Beijing plummets in first two weeks of 2010
Home trading in Beijing plummets in first two weeks of 2010
(Listed Fen 19, 2010)
Property trading in Beijing in the first two weeks of this year slumped, following a string of government moves to curb soaring real estate prices. Beijing property transaction management authority said on its website Friday that sales of future delivery residential apartments during Jan 1 to Jan 13 were down 63.9 percent month-on-month to 3,031 units, compared with 8,397 units in the first half of December. Thos... |
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[2010-01-19] Hanoi to have another 5 up-market hotels
Hanoi to have another 5 up-market hotels
(Listed Fen 19, 2010)
Hanoi is going to have 5 new high-end hotels opened to provide an additional 2,000 rooms for visitors during National Tourism Year 2010. Among them will be 4 five-star hotels, including the 600-room Hanoi Plaza, the 350-room Vietnam Oil and Gas, the 500-room Keang Nam Vina and the 393-room Crowne Plaza Hanoi. At present, Hanoi is home to 213 hotels with a total of 9,968 rooms. Last year’s hotel occupation in the capital was j... |
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[2010-01-19] Villas come up near southern hot spring
Villas come up near southern hot spring
(Listed Fen 19, 2010)
The Kim To Trading and Service Co., Ltd late last week started work on its Binh Chau Hot Spring Villa project in southern Ba Ria –Vung Tau Province with a total investment capital of VND470 billion (US$254.5 million). The 13-hectare project is located near the Binh Chau Hot Spring, the natural hot spring about 150 kilometers away from Ho Chi Minh City. It comprises 160 luxury villas and other entertainment and service faciliti... |
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[2010-01-18] Chinese ministers look to cool hot real estate sector
Chinese ministers look to cool hot real estate sector
(Listed Fen 18, 2010)
The country's six department leaders gathered Wednesday to explain the government's new policies to cool the real estate market, build more affordable and low-rent housing, tighten credit, and ensure the supply of land. The State Council issued a notice over the weekend ordering central departments and local governments to take concrete measures to curb speculation so as to suppress skyrocketing home prices and to incr... |
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[2010-01-18] Hanoi to build overhead roads to curb traffic chaos
Hanoi to build overhead roads to curb traffic chaos
(Listed Fen 18, 2010)
Hanoi’s vice chairman Nguyen Van Khoi has agreed with plans to build overhead roads in the city centre as a solution to traffic jams. Nguyen Quoc Hung, director of the Transportation Department, said most inner roads in Hanoi are overloaded and traffic jams are a familiar problem for local residents. At the same time, it is very difficult to expand roads via site clearances. As a result, it is necessary to build ov... |
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[2010-01-18] Building materials market lags behind
Building materials market lags behind
(Listed Fen 18, 2010)
The construction materials market is growing strongly in Viet Nam alongside rapid urbanisation, but it is still to catch up with an important global trend. More than 90 per cent of the construction materials used in the country, including bricks and tiles, are fired in kilns, while 70 to 80 per cent of the world’s market is made up of non-fired products. A recent survey by the Viet Nam Institute for Building Materials (VIBM) s... |
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[2010-01-18] Hanoi to have another Big C supermarket
Hanoi to have another Big C supermarket
(Listed Fen 18, 2010)
Big C The Garden supermarket will be inaugurated in Tu Liem district, Hanoi on Jan. 19. The supermarket, the 10th of its kind in the Big C supermarket chain in Vietnam and the second of its kind in Hanoi, will be located in the Garden Trade Centre in The Manor Me Tri deluxe apartment zone. Covering 3,700 sq.m., Big C The Garden is a joint venture between France’s Casino Group, a leading retailer in Europe, and the GTC One-m... |
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