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[2009-10-21] Capital city plans to become major metropolis
Capital city plans to become major metropolis
(Listed Octob 21, 2009)
Hanoi will have four satellite cities (Soc Son, Me Linh, Quoc Oai, Xuan Mai – Mieu Mon) plus a series of urban areas between the No. 3 and No.4 beltways. By 2030, it will have 10 million people.The international consulting group of Perkins Eastman (USA) and Posco E&C and Jine (South Korea), or PPJ, will send its third report on Hanoi construction planning up to 2030 to the Government in November 2009. They will c... |
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[2009-10-21] Tay Ninh - A Destination for Investors
Tay Ninh - A Destination for Investors
(Listed Octob 21, 2009)
With the socioeconomic development achievements it has gained, Tay Ninh is becoming more attractive in the eyes of domestic and foreign investors.
Located in the southwestern part of the country, Tay Ninh province is an overland gateway to the Mekong sub-region. Via this province, Vietnam can exchange goods and services with other countries in the Mekong sub-region. The Ho Chi Minh Highway, the trans-Asia route and Na... |
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[2009-10-20] Cheap foreign steel imports force domestic producers to lower prices
Cheap foreign steel imports force domestic producers to lower prices
(Listed Octob 20, 2009)
Foreign made steel is being imported into Vietnam in big quantities thanks to the preferential tariff of five percent, which has forced domestic producers to slash sale prices. The Vietnam Steel Corporation (VSC) has announced a price decrease of 200,000 dong per tonne to 11.32 million dong ($665.88) per tonne for coil steel. Other steel mills have also announced the same price decrease. This is t... |
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[2009-10-20] Work begins on dormitory to house 60,000 students
Work begins on dormitory to house 60,000 students
(Listed Octob 20, 2009)
Construction began yesterday, October 18, on a student dormitory complex to accommodate 60,000 students in the Thu Duc-Di An area between HCM City and southern Binh Duong province. The complex, part of the HCM City National University construction project, costing VND4.7 trillion (US$261 million), will also have a 500-bed hospital, theatre, supermarket, bookstore, canteen and comprehensive service area. The complex will ... |
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[2009-10-20] Office rental market could stabilize next year: CBRE
Office rental market could stabilize next year: CBRE
(Listed Octob 20, 2009)
Although most commercial property sectors continue declining, demand has picked up with both local and foreign firms responding to more favorable pricing, it said. CBRE saw strong enquiry growth with many new market entrants considering discounted decentralized Grade B buildings. Despite the positive news, over 60,000 square meters of new office space is expected to enter the market over the next quarter. Major local ... |
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[2009-10-20] Berjaya to build US$2 billion town in Vietnam
Berjaya to build US$2 billion town in Vietnam
(Listed Octob 20, 2009)
Malaysia’s Berjaya Corporation has been licensed to build a US$2 billion township in the southern province of Dong Nai, the largest foreign investment project in the province so far this year. The 600-hectare Nhon Trach New City Center, the group’s second project in Dong Nai – some 30 km south of central Ho Chi Minh City – will be conducted in four phases from now until 2020. The development includes ... |
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[2009-10-20] Beauty at the Northern Edge
Beauty at the Northern Edge
(Listed Octob 20, 2009)
People of 22 ethnic groups call Ha Giang province home, having migrated into the province at different periods of history. The Japanese say, 'The bird never nests in a bare tree' and while some ethnic groups moved to this area, Ha Giang was apparently hospitable to those who settled in the province. Those who now live and work in Ha Giang are united in their desire to contribute to the province's development.
Ha Giang is renowne... |
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[2009-10-20] Hanoi: VND3 Trillion for Second-Phase Stimulus Package
Hanoi: VND3 Trillion for Second-Phase Stimulus Package
(Listed Octob 20, 2009)
Hanoi is looking to provide VND3 trillion for the second-phase stimulus package. This was said at the 17th Conference of the Hanoi Party Committee, which was held on October 12-13 in Hanoi.
Phi Thai Binh, the deputy chairman of the Hanoi People's Committee, said that the second-phase stimulus package is to maintain the economic growth momentum and that the city will try to increase GDP 7.7 percent in the las... |
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[2009-10-20] Industry-Trade Development in Tay Ninh
Industry-Trade Development in Tay Ninh
(Listed Octob 20, 2009)
Industry and trade in Tay Ninh province are a part of the country's effort to curb inflation and economic decline, maintain stable, sustainable growth, accelerate the pace of economic restructuring, increase industrial zone and trade center development, improve workforce skills and reform administrative practices.
In the first eight months of this year, industrial production in Tay Ninh at VND4.24 trillion was 16 perc... |
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[2009-10-19] UK house prices show 1st annual gain in 16-mths
UK house prices show 1st annual gain in 16-mths
(Listed Octob 19, 2009)
Asking prices for homes in England and Wales rose on an annual basis for the first in more than a year in October, property Web site Rightmove said on Monday, buoyed by a dearth of properties coming onto the market. Asking prices rose 0.2 percent on the year -- the first annual rise since June 2008 -- taking them to an average 230,184 pounds. On the month, asking prices rose 2.8 percent, the biggest increase since February... |
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[2009-10-19] New bridge over Hau River raises Can Tho land prices
New bridge over Hau River raises Can Tho land prices
(Listed Octob 19, 2009)
Prices of land lots at building projects in the Mekong Delta city of Can Tho have increased after a bridge connecting the city and Vinh Long Province linked up earlier this month. Property traders expect further hikes in the coming months as the US$300 million Can Tho Bridge is due for completion in March next year. Huynh Thanh Hung, chairman of Dat Vang (Golden Land) Real Estate Company based in the city, said land p... |
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[2009-10-19] Steel mills lust for iron ore; mining provinces have the whip hand
Steel mills lust for iron ore; mining provinces have the whip hand
(Listed Octob 19, 2009)
Vietnam’s steel industry has grown rapidly in recent years, but its continued growth is problematic unless steel mills can find stable supplies of iron ore in Vietnam’s mountain provinces in lieu of relying on imported, expensive scrap. According to the Ministry of Industry and Trade, the capacity of Vietnam’s steel rolling mills is now nearly double the nation’s capacity to refin... |
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[2009-10-19] Vietnamese real estate returns to center stage
Vietnamese real estate returns to center stage
(Listed Octob 19, 2009)
Some 500 projects will be unveiled at a conference and exhibition next week in Ho Chi Minh City. Vietnam Top Property Opportunities, the country’s largest such event, will take place from October 21-22. It will provide opportunities for foreign and local realtors to network, learn from each other, and make the most of the post-recession market. The conference and exhibition will attract foreign and local investors, go... |
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[2009-10-19] Phu My Hung homeowners not liable to pay land use taxes: lawyers
Phu My Hung homeowners not liable to pay land use taxes: lawyers
(Listed Octob 19, 2009)
Homeowners in Ho Chi Minh City’s Phu My Hung residential area must not be asked to pay land use taxes as it is the responsibility of the developer, legal experts say, citing real estate regulations. Tran Quang Huy, a professor at Hanoi Law University, said developers of residential projects, both for sale and for rent, are required to pay land use taxes as well as other compulsory fees. When a custom... |
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[2009-10-17] Dispute continues over central hydro company’s actions
Dispute continues over central hydro company’s actions
(Listed Octob 17, 2009)
An inspection has been carried out on the A Vuong hydroelectric reservoir in the central province of Quang Nam following recent reports that the company in charge worsened floods caused by Typhoon Ketsana. The Ministry of Agriculture and Rural Development and other relevant agencies conducted the investigation October 16 and held a subsequent meeting to discuss the issue.
Attending the meeting were leaders fr... |
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