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[2009-10-27] Streets around Tan Son Nhat airport to be widened
Streets around Tan Son Nhat airport to be widened
(Listed Octob 27, 2009)
Ho Chi Minh City will widen several roads leading to Tan Son Nhat Airport in an attempt to ease worsening traffic gridlock near the southern region’s main international gateway. Under a recent plan approved by the city transport department, Phan Dinh Giot Street will be widened by between one and five meters. Parts of two other streets, Thang Long and Cong Hoa, will be expanded by one or two meters. The road w... |
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[2009-10-27] Hanoi to pursue 240 construction projects
Hanoi to pursue 240 construction projects
(Listed Octob 27, 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... |
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[2009-10-27] Shopping centres aiming to expand networks
Shopping centres aiming to expand networks
(Listed Octob 27, 2009)
Big retailers serving Vietnamese consumers look set for growth. Big retailers are pursuing a business strategy of expanding networks before foreign retailers arrive as a result of Vietnam joining the World Trade Organisation (WTO). In the past few years, Vietnam has witnessed strong development of large scale home appliance centres which have replaced smaller electronic shops. Pico Plaza, Nguyen Kim, HC and Best Carings have be... |
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[2009-10-26] Homebuyers to receive land-use titles faster, easier
Homebuyers to receive land-use titles faster, easier
(Listed Octob 26, 2009)
Homeowners can now expect to receive their land-use titles and house-possession rights within 50 days of applying for them, instead of the previous 85. The announcement was made by Phung Van Nghe, acting head of the General Department of Land Management on October 22. At a press conference on a circular granting land-use and house-possession certificates, which the Minister of Natural Resources and Environment Pham Kh... |
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[2009-10-26] VinaCapital sales send ripple through flat property market
VinaCapital sales send ripple through flat property market
(Listed Octob 26, 2009)
Though VinaCapital’s sale of shares in big real estate projects in Hanoi and HCM City has sparked concern about the market’s bouyancy, insiders say everything is fine. Investors sell projects because of gloomy market The real estate market has been flat for a considerable time, prompting some investors and foreign investment funds to sell projects to restructure their investment portfolios. Two sales... |
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[2009-10-26] First tramway to break ground by year end
First tramway to break ground by year end
(Listed Octob 26, 2009)
Ho Chi Minh City will begin construction of its first tramway at the end of this year. Nguyen Thanh Thai, director general of the investor, Phu My Bridge BOT Joint-Stock Company, announced this on Wednesday. As one of the city’s three routes planned by 2020, the US$250-million-plus tramway will start at the Thu Thiem Ferry and go through districts 1, 5, and 6 before ending at Mien Tay Bus Station. It is expected to open i... |
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[2009-10-26] Phu Quoc Island to build casino
Phu Quoc Island to build casino
(Listed Octob 26, 2009)
A 100-hectare casino is planned for pristine Phu Quoc Island, Kien Giang Province People’s Committee chairman Bui Ngoc Suong told a conference on Thursday. More than ten investors are bidding for the project, which is part of the province’s plan to boost tourism facilities on the southern island off the coast of the Mekong Delta, Suong said at the real estate conference held by the Vietnam Tourism Property Association in Ho Ch... |
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[2009-10-26] Vietnam may attract US$25 billion in FDI in 2009
Vietnam may attract US$25 billion in FDI in 2009
(Listed Octob 26, 2009)
The country is forecast to attract US$25 billion in foreign investment in 2009, US$5 billion more than the set target, said Deputy Minister of Planning and Investment Cao Viet Sinh. The forecast was based on FDI attraction in the first nine months of the year, which hit US$12.54 billion, and three newly-licensed projects valued at over US$7.8 billion. The largest project is to build the Dragon Beach Resort in Dien Ban dis... |
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[2009-10-26] Property remains strong, attractive
Property remains strong, attractive
(Listed Octob 26, 2009)
Viet Nam’s property market remains strong and will attract even more investors in the near future, delegates said at a two-day international real estate conference that ended yesterday in HCM City. Speaking at the conference, Dang Huy Dong, deputy minister of Planning and Investment, said with a population of more than 85 million, the country has a huge need for more housing. "The fundamentals for the residential property market... |
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[2009-10-23] Bahrain property shifts focus to low-income housing
Bahrain property shifts focus to low-income housing
(Listed Octob 23, 2009)
Bahraini real estate developers are eying investments in the country's low-income housing market to ride out a dearth of demand for high-end residences, executives said.Real estate developers have scaled down projects still in the design phase and have significantly slowed down construction of projects already under way to postpone delivery until the markets recover."The market for luxury villas, the upper end of the m... |
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[2009-10-23] Housing prices, sales jump in Beijing, Shanghai
Housing prices, sales jump in Beijing, Shanghai
(Listed Octob 23, 2009)
Housing prices and sales in Beijing and Shanghai were higher from Oct 12 to 18, the first week after the 8-day National Day holiday, the National Business Today reported today. From Oct 12 to18, 348,900 sq m of commercial residential apartments were sold in Beijing, up 44.47 percent than the week before, according to www.bjfdc.gov.cn, Beijing’s official website disclosing real estate transaction information. Data fro... |
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[2009-10-23] Home sales in UK rise in summer months
Home sales in UK rise in summer months
(Listed Octob 23, 2009)
Property sales in the UK picked up over the summer, according to figures from HM Revenue & Customs (HMRC).Sales rose from 80,000 in August to 82,000 in September.More significantly, sales in the third quarter of the year, covering July to September, were 11% higher than in the previous three months.The rise in sales has also led to an increase in the number of complaints to the Property Ombudsman, which have risen by 17% in the... |
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[2009-10-22] Demand for cement and steel to increase
Demand for cement and steel to increase
(Listed Octob 22, 2009)
The demand for cement, steel and other construction materials will surge sharply in the fourth quarter, but prices will remain unchanged or even drop, forecast industry insiders. The Vietnam Cement Association had previously warned that cement producers might lift prices due to a 25-percent hike in the cost of coal, a main fuel for the industry. But, so far, cement prices have remained stable. Vietnam Cement Corporation deputy d... |
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[2009-10-21] Ministry of Natural Resources & Environment Speaks Online
Ministry of Natural Resources & Environment Speaks Online
(Listed Octob 21, 2009)
The Ministry of Natural Resources and Environment got together with each and every province and city nationwide to organize a second online interview on October 12, all under the direction of Minister Pham Khoi Nguyen.
Officials at the ministry answered questions about land administration, environment and mining. There were more questions about natural resources and the environment than in the previous ... |
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[2009-10-21] A New Attitude towards IT Workforce Training
A New Attitude towards IT Workforce Training
(Listed Octob 21, 2009)
IBM Vietnam general director Vo Tan Long recently told the media about his opinions on IT (information technology) workforce training. He said that Vietnam has the big potential for software outsourcing development but the lack of a qualified workforce is something that deters this industry from development in the country. He said that two thirds of graduates from IT training facilities in Vietnam do not meet requirements ... |
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