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[2009-11-02] PM kicks off Van Phong transshipment port
PM kicks off Van Phong transshipment port
(Listed Nove 02, 2009)
Prime Minister Nguyen Tan Dung on October 31 kicked off the construction of the Van Phong international transshipment port in the southern central province of Khanh Hoa. Speaking at the ceremony, PM Dung praised efforts by the project contractor – the Vietnam National Shipping Lines (Vinalines) and the Khanh Hoa provincial authorities for preparations to build the port. As the only international transshipment port to be bui... |
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[2009-11-02] First eco-industrial zone construction starts
First eco-industrial zone construction starts
(Listed Nove 02, 2009)
The south-western border province of Tay Ninh on October 30 launched a ground-breaking ceremony for construction of the country’s first eco-industrial zone.The VND 3 trillion project, also called the Bourbon-An Hoa industrial park, was jointly invested by the Bourbon Group of France, the Viet Au Company and the Long Hau Joint-stock Company.Of the 1,020 hectares of land, the park will reserve 760 hectares for industrial ... |
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[2009-10-30] US new home sales slip back again
US new home sales slip back again
(Listed Octob 30, 2009)
The annual rate of US new home sales fell unexpectedly in September, raising doubts about the strength of the housing sector's recovery. The Commerce Department said sales fell by 3.6% to a seasonally adjusted annual rate of 402,000 homes, down from a revised 417,000 in August. This marks the first fall in the rate of home sales since March. The median sales price of $204,000 (£124,000) was down by 9.1% from $225,200 a year earl... |
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[2009-10-30] House prices higher than year ago
House prices higher than year ago
(Listed Octob 30, 2009)
UK house prices were higher year-on-year in October - the first annual rise for 19 months, the Nationwide has said. Property prices were 2% higher in October than in the same month the previous year, with the average home costing £162,038. But the pace of monthly price rises has eased - going up by 0.4% - and the building society said that values could plateau in the autumn months. This could be due to more sellers returning to... |
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[2009-10-30] Anticipating recovery, private capital flows to Vietnam
Anticipating recovery, private capital flows to Vietnam
(Listed Octob 30, 2009)
Though Vietnam has not completely escaped the economic downturn, it still can catch the eye of foreign investors. Kyocera (Japan) and Hong Leong Bank (Malaysia) have just made major commitments.Dealing with current difficulties, keeping long term investment strategyJapanese Kyocera MiTa, one of the world’s top 10 office machine groups, with annual revenues of $12 billion, has officially set up in Vietnam afte... |
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[2009-10-30] Still no trace of HCMC healthcare park developer
Still no trace of HCMC healthcare park developer
(Listed Octob 30, 2009)
Following a groundbreaking ceremony for a new healthcare facility in Ho Chi Minh City’s Binh Tan District, the land remains untouched after more than a year.The 37.5 ha Binh Tan Hi-Tech Healthcare Park was to begin construction in 2008 after receiving approval from the city’s People’s Committee. The administration approved the Hoa Lam-Shangri-La Healthcare Limited Liability Company, a 30:70 joint venture... |
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[2009-10-30] Hanoi to pursue 240 construction projects
Hanoi to pursue 240 construction projects
(Listed Octob 30, 2009)
After nine months of checking, the government has permitted 240 projects in Hanoi to continue.Among them are developments of new residential areas like Duong Noi, Le Trong Tan, Mo Lao, Nam An Khanh, My Dinh and Me Tri and also include hospitals, schools, shopping malls and tourist sites.Hanoi authorities have asked the Department of Planning and Architecture to divide 240 projects into two types: The ones that don’t need t... |
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[2009-10-29] Savills wins agency contract for Hanoi office project
Savills wins agency contract for Hanoi office project
(Listed Octob 29, 2009)
U.K.-based property consultant Savills Tuesday became the exclusive leasing agent for Grade A office building Sentinel Place which is underway in Hanoi’s Hoan Kiem district. The nine-storey building, at 41A, Ly Thai To Street is being built by the Department of External Relations and the Viet Bac Company Limited. It is set for completion next year and provide an additional 6,500 square meters of office space to... |
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[2009-10-29] Foreigner property ownership law changed; again
Foreigner property ownership law changed; again
(Listed Octob 29, 2009)
Foreigners owning or intending to buy property in Vietnam were dealt another blow, after a new law was issued allowing foreigners to own property for a maximum period of 50 years, down from the previous 70 years allowed in the last decree. Under the law, foreigners will be permitted to ‘own’ property for 50 years from the date of the granting of the original house license. When the lease ends they will be allow... |
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[2009-10-29] Key to unlock resettlement crisis appears
Key to unlock resettlement crisis appears
Thứ 5, 29/10/2009
Hanoi’s sluggish resettlement development progress is expected to soon make a breakthrough. Hanoi People’s Committee vice chairman Vu Hong Khanh has signed off on Decision 108/2009/QD-UBND regarding land compensation and support of resettlement within the city in line with government Decree 69/2009/ND-CP, which both took effect from October. The decision is perceived to favour people whose land has been taken, as it opts... |
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[2009-10-29] US$19 billion of FDI attracted in ten months
US$19 billion of FDI attracted in ten months
Thứ 5, 29/10/2009
Vietnam has attracted a total amount of US$18.926 billion of FDI during the past ten months, equivalent to 27.1% against the same period last year, reported the Ministry of Planning and Investment’s Foreign Investment Agency. Out of registered FDI projects, 658 are newly-licensed projects with a total registered capital of US$14.05 billion, equivalent to 21.7% compared to the same period in 2008 and 179 projects were permit... |
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[2009-10-29] Anticipating recovery, private capital flows to Vietnam
Anticipating recovery, private capital flows to Vietnam
Thứ 5, 29/10/2009
Though Vietnam has not completely escaped the economic downturn, it still can catch the eye of foreign investors. Kyocera (Japan) and Hong Leong Bank (Malaysia) have just made major commitments. Dealing with current difficulties, keeping long term investment strategy Japanese Kyocera MiTa, one of the world’s top 10 office machine groups, with annual revenues of $12 billion, has officially set up in Vietnam after ... |
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[2009-10-27] RoK businesses to boost investment in Vietnam
RoK businesses to boost investment in Vietnam
(Listed Octob 27, 2009)
Businesses from the Republic of Korea (RoK) are seeking to expand their activities in Vietnam following RoK president Lee Myung-bak’s tour of Southeast Asia, reported a RoK newspaper on October 26. The Economic Times said that during Mr Lee’s trip to Vietnam, Cambodia and Thailand, the RoK delegation expressed their wish to strengthen cooperative ties with the region, which they see as having great potential. The... |
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[2009-10-27] Circular to tackle thorny issue of apartment maintenance fees
Circular to tackle thorny issue of apartment maintenance fees
(Listed Octob 27, 2009)
Revenue from parking fees and store rentals at apartment blocks should be used to offset maintenance costs, according to a proposal by the Ministry of Construction. "It would be appropriate to use the revenue gained from car parking in public areas to offset management and operation costs," said Nguyen Van Trung, general director of the Trung Thuy Company, which financed the building of the Landcaster apartme... |
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[2009-10-27] Overseas Vietnamese wishes to develop $1 million park in Hanoi
Overseas Vietnamese wishes to develop $1 million park in Hanoi
(Listed Octob 27, 2009)
A Vietnamese American businessman has expressed his wish to build a park as a present for the city’s 1000th anniversary. Khoat Van Tran, manager of the US-based Keystone company, has recently proposed to build a park named Su Van Hanh for the city. According to Tran, Hanoi still lacks a work to honor Buddhist monk Van Hanh, who is credited with the decision to move Vietnam’s capital f... |
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