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[2009-11-10] Hanoi’s satellites to serve urban nucleus
Hanoi’s satellites to serve urban nucleus
(Listed Nove 10, 2009)
Hanoi Vice-Chairman Nguyen Van Khoi explained on November 6 that Hanoi’s satellite cities will be located in the west, north and south of Hanoi and that each will have its own focus that links it to the city centre.The Hoa Lac urban area will be developed in the west as the new centre for education and training, hi-tech, specialized healthcare, tourism and park-cemeteries. This will be the capital city’s western... |
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[2009-11-10] Smooth road pledged for real estate projects
Smooth road pledged for real estate projects
(Listed Nove 10, 2009)
Real estate investors will soon be allowed to focus on implementing their project without worrying about site clearance and compensation.The government will also encourage public-private partnerships in infrastructure development as another measure to boost the real estate sector, a senior official said.“We actually know the obstacles in the way of investors who have struggled to implement their projects in Vietnam,&rdqu... |
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[2009-11-10] Urban upgrade could worsen HCMC traffic
Urban upgrade could worsen HCMC traffic
(Listed Nove 10, 2009)
The Ho Chi Minh City Urban Upgrade Project is set to dig up 98 kilometers of alley for a new drainage system, meaning commuters may suffer worse gridlock until completion of the project’s second phase in 2011.Last week, HCMC Urban Upgrade Project Management opened two bidding sessions to choose reliable contractors for the second phase of the project’s first package.Project management said 64 contractors would be select... |
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[2009-11-09] Urban upgrade could worsen HCMC traffic
Urban upgrade could worsen HCMC traffic
(Listed Nove 09, 2009)
The Ho Chi Minh City Urban Upgrade Project is set to dig up 98 kilometers of alley for a new drainage system, meaning commuters may suffer worse gridlock until completion of the project’s second phase in 2011. Last week, HCMC Urban Upgrade Project Management opened two bidding sessions to choose reliable contractors for the second phase of the project’s first package. Project management said 64 contractors would be sele... |
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[2009-11-09] Smooth road pledged for real estate projects
Smooth road pledged for real estate projects
(Listed Nove 09, 2009)
Real estate investors will soon be allowed to focus on implementing their project without worrying about site clearance and compensation. The government will also encourage public-private partnerships in infrastructure development as another measure to boost the real estate sector, a senior official said. “We actually know the obstacles in the way of investors who have struggled to implement their projects in Vietnam,&rd... |
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[2009-11-09] New property tax won’t stop speculation, lawmakers say
New property tax won’t stop speculation, lawmakers say
(Listed Nove 09, 2009)
Legislators said Friday that a new property tax system proposed by the government would not reduce speculation on the real estate market as the rate was not a large enough to act as a deterrent. Under the latest property draft law submitted to the National Assembly on Friday, a homeowner would have to pay an annual property tax of 0.03 percent based on the assessed value of the house, with a tax-free threshold ... |
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[2009-11-09] Investors say giant HCMC hospital project on track
Investors say giant HCMC hospital project on track
(Listed Nove 08, 2009)
Hoa Lam-Shangri-La Healthcare Limited Liability Company has rejected reports of a delay in building its planned US$770 million general hospital in Ho Chi Minh City’s Binh Tan District, and city authorities have backed its claim. Speaking to the media November 5, executives from the Vietnamese-Singaporean company explained the progress made in the construction of the facility, saying a master plan for allotting land... |
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[2009-11-09] Highland province gets go ahead for foreign consultants
Highland province gets go ahead for foreign consultants
(Listed Nove 09, 2009)
The Vietnamese government has approved a proposal by Central Highland’s Dak Lak Province to hire foreign consultants who will help formulate its plan for socio-economic development for the next 15 years. The plan will focus on developing Buon Ma Thuot, the province’s capital city, as a political, economic, cultural and scientific hub for the province and the highland region as a whole, establishing links... |
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[2009-11-09] $3 billion Dung Quat steel project resumed
$3 billion Dung Quat steel project resumed
(Listed Nove 09, 2009)
A $3 billion steel complex project in the central province of Quang Ngai will be restarted in early 2010 after three years of interruption.Guan Lian Steel Vietnam, the developer behind the huge project has sent a document to Quang Ngai People’s Committee confirming construction will kick off in early 2010 to be completed by mid 2013.This project is backed by two Taiwanese enterprises, Tycoons and E-United with the latter h... |
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[2009-11-06] US commercial real estate to bottom in 2010
US commercial real estate to bottom in 2010
(Listed Nove 06, 2009)
The U.S. commercial real estate market, slammed by the credit squeeze and recession, is likely to hit bottom in 2010, according to a survey of industry investors, developers, lenders and consultants. Commercial real estate values will fall 40 percent, on average, from their peaks in mid-2007, and up to 50 percent in some sectors, according to the 2010 edition of Emerging Trends in Real Estate, released on Thursday by the Urban ... |
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[2009-11-06] Hanoi ‘surfers’ stampede in hope of apartment options
Hanoi ‘surfers’ stampede in hope of apartment options
(Listed Nove 06, 2009)
Thousands of hopeful visitors crowded the sales office of the Nam Cuong Real Estate Co. on November 2-3 to register for a ‘lucky draw.’ The prizes are the right to buy an apartment at its ‘orginal price.’ The on-line vernacular newspaper VnExpress reports that over 3000 people have registered to ‘make a capital contribution’ to a 300 apartment project in Hanoi’s... |
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[2009-11-06] $3 billion Dung Quat steel project resumed
$3 billion Dung Quat steel project resumed
(Listed Nove 06, 2009)
A $3 billion steel complex project in the central province of Quang Ngai will be restarted in early 2010 after three years of interruption. Guan Lian Steel Vietnam, the developer behind the huge project has sent a document to Quang Ngai People’s Committee confirming construction will kick off in early 2010 to be completed by mid 2013. This project is backed by two Taiwanese enterprises, Tycoons and E-United with the latte... |
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[2009-11-06] Central bank tries to stop commercial banks’ interest rate race
Central bank tries to stop commercial banks’ interest rate race
(Listed Nove 06, 2009)
Governor of the State Bank of Vietnam Nguyen Van Giau says commercial banks must remain cautious over lending. Giau, in a recent meeting with commercial banks’ directors, said that he knew a joint stock bank, which mostly had short one-year term mobilized capital, which still provided long term loans of up to 20 years. Giau also points out there is a big gap between the mobilized capital and ou... |
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[2009-11-06] Investors sanctioned for sluggish development works
Investors sanctioned for sluggish development works
(Listed Nove 06, 2009)
The Ho Chi Minh City People’s Committee has recently ordered the District 2 People’s Committee to impose sanctions on investors who have done little for resettlement areas linked to the Thu Thiem new urban area project. HCMC People’s Committee asked the district’ s committee and relevant agencies to settle problems so that construction of technical and social infrastructure in those areas can be ... |
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[2009-11-06] Malaysia’s Berjaya gets approval for Vietnam property project
Malaysia’s Berjaya gets approval for Vietnam property project
(Listed Nove 06, 2009)
Berjaya Land Bhd. said it received approval from the licensing authority in Vietnam to develop a property project there with an estimated gross development value of $6.3 billion. Development works on the Nhon Trach New City Township project will start in 2012 and is estimated to cost $4.9 billion to develop, Berjaya Land said in a statement in Kuala Lumpur Wednesday.
Source: Thanhnien News
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