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[2009-10-14] Work begins on new legislature building in Hanoi
Work begins on new legislature building in Hanoi
(Listed Octob 14, 2009)
Ground was broken for a new National Assembly building in Hanoi October 12. Designed by Germany’s GMP International GmbJ – Inros Lackner AG, the new office will be square structure, 39 meters high, and have seven floors, including two basements. Its total floor will be more than 52,000 square meters. Construction is expected to be completed by the third quarter of 2012 at an estimated cost of nearly VND4.8 tr... |
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[2009-10-14] On-line discussions show concern over land, resource issues
On-line discussions show concern over land, resource issues
(Listed Octob 14, 2009)
An on-line discussion on the website of the Ministry of Natural Resources and Environment yesterday, October 12, answered nearly 10,000 questions from enterprises and individuals about the State management of natural resources.There were also several questions about the progress of land-use certificates, and the compensation to individuals who have lost land on-line discussion.The discussion, led by Minister P... |
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[2009-10-14] Oil service company buys US$20 million vessel
Oil service company buys US$20 million vessel
(Listed Octob 14, 2009)
The PetroVietnam Technical Service Corp. (PTSC) has bought a US$20 million oil and gas service vessel produced by its Malaysian partner Nam Cheong Dockyard Snd. Bhd.
A contract was signed to this effect by the two companies’ representatives in Ho Chi Minh City on October 13.
The AHTS 8.080 BHP vessel, which is 65.5m in length, 16m in width and 6.5m in height, has a carrying capacity of 2,175 tonnes.&n... |
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[2009-10-14] FDI in real estate, not an unmixed blessing: analysts
FDI in real estate, not an unmixed blessing: analysts
(Listed Octob 14, 2009)
Foreign direct investment in the real estate sector has soared in Vietnam in the last three years, but economists are skeptical about the benefits they bring the country and warn about downsides like pollution.
According to the Planning and Investment Ministry, the total FDI coming into the sector in just 2006-08 was more than four times the entire investment in the two decades prior to 2006. Some giant proj... |
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[2009-10-14] Ninh Thuan Attracts Investors
Ninh Thuan Attracts Investors
(Listed Octob 14, 2009)
By realistically assessing limitations and challenges to development, in addition to its potentials and advantages, Ninh Thuan hopes to achieve sustainable development. And the province is now offering potential investors a number of incentives.
Ninh Thuan has, over the last couple of decades, licensed 96 investment projects and approved the investment plans of 24 others. All told, according to the provincial People's Committe... |
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[2009-10-14] Homestay tour to Nam Dong mountainous area
Homestay tour to Nam Dong mountainous area
(Listed Octob 14, 2009)
this modern life, people seem to like living in nice houses equipped with luxurious facilities and high-end technologies. However, they like to discover primitive landscapes as well as antiques and traditional culture. For only VND500,000 to VND700,000, tourists can have a homestay tour to the Nam Dong mountainous area in Nam Dong district, Thua Thien-Hue province. The tour uncovers primitive scenery of the terrain as w... |
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[2009-10-13] Vietnam Chairs the 2009 IMF World Bank Meeting
Vietnam Chairs the 2009 IMF World Bank Meeting
(Listed Octob 13, 2009)
The 2009 IMF (International Monetary Fund) World Bank Meeting took place on October 6 in Istanbul in Turkey. On behalf of the Vietnamese Government, Nguyen Van Giau, the Governor of the State Bank of Vietnam and the chairman of the IMF/WB Council of Governors, chaired the meeting.
Present at the 2009 IMF World Bank Meeting were Finance Ministers and Bank Governors from 186 IMF/WB member countries and officials f... |
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[2009-10-13] Capital channel snags in real estate market
Capital channel snags in real estate market
(Listed Octob 13, 2009)
Business need to find a stable and legal channel of capital mobilisation for the development of the real estate market, as the economy has not yet turned the corner.Legalise mobilised capital sourcesIt is currently illegal to mobilise the capital before a site has been cleared for construction. The new draft of a personal income tax bill covering real estate transactions may legalise the action. In any case, domestic i... |
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[2009-10-13] Can Tho Bridge linked up
Can Tho Bridge linked up
(Listed Octob 13, 2009)
A bridge connecting Can Tho City and Vinh Long Province in the Mekong Delta was formally linked up on Monday, one of the final steps ahead of the project’s completion in March of next year.Spanning the Hau River and located 3.2 kilometers from the Can Tho ferry terminal, the 2,750 meter-long Can Tho Bridge with four lanes and two 2.75-meter-wide walkways will knock 32 minutes off the travel time compared with using the ferry.Const... |
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[2009-10-13] Hanoi: Collecting VND476 Trillion in Fines
Hanoi: Collecting VND476 Trillion in Fines
(Listed Octob 13, 2009)
Luxury-home sales in Hong Kong almost tripled in September from a month earlier, as mainland residents bought properties in the city.The registered sales of homes worth more than HK$10 million ($1.3 million) rose to 1,351 from 500, according to a report from the Land Registry yesterday. In September 2008, 168 transactions were completed. A one-bedroom apartment in the Kowloon district sold for a record HK$24.5 million,... |
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[2009-10-13] Model for eco-urban zone opens in southern province
Model for eco-urban zone opens in southern province
(Listed Octob 13, 2009)
A 3.5 hectare prototype housing village opened in southern Binh Duong Province on October 3 to provide visitors a glimpse of an upcoming eco-urban zone in the industrial hub. The Ecolakes village, the first of its kind in Vietnam, includes furnished model villas, apartments, streets, and surrounding landscapes, such as an artificial lake and canal. It is part of a US$839 million ecological residential area under cons... |
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[2009-10-13] ew Zealand house prices creeping up
ew Zealand house prices creeping up
(Listed Octob 13, 2009)
New Zealand house prices recovered last month to be close to levels of a year ago, supporting views the economy has emerged from its longest recession in more than 30 years, Reuters reported today. Quotable Value's residential house price index fell 1.1 per cent in the year to September, compared with a 2.8 per cent decline the previous month - the sixth month in a row the trend in property values has improved. The government agency... |
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[2009-10-13] Foreclosures mark pace of housing crisis in US
Foreclosures mark pace of housing crisis in US
(Listed Octob 13, 2009)
Every 13 seconds in America, there is another foreclosure filing. That's the rhythm of a crisis that threatens to choke off hopes for a recovery in the US housing market as it destroys hundreds of billions of dollars in property values a year. There are more than 6,600 home foreclosure filings per day, according to the Center for Responsible Lending, a nonpartisan watchdog group based in Durham, North Carolina. With nearl... |
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[2009-10-13] Cheap housing shortage hits lower incomes
Cheap housing shortage hits lower incomes
(Listed Octob 13, 2009)
Demand for low-cost housing has skyrocketed in major cities but supply is insufficient, according to a recent survey conducted by the Vietnam Report Joint-Stock Company.
For every 100 people who buy real estate, 40 per cent want to buy low-cost apartments, and 23 per cent want luxury apartments, according to the report.
The Ha Noi and HCM City People's Committees said developers in those cities were required to either set as... |
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[2009-10-13] A New Road To Relieve Congestion
A New Road To Relieve Congestion
(Listed Octob 13, 2009)
Construction work on an expressway that will link Ho Chi Minh City, Long Thanh and Dau Giay got underway on October 3, 2009. The project is of great significance for the development of Ho Chi Minh City and the southeastern provinces.
An eastern gateway
The Vietnam Expressway Company (VEC) is the developer of the Ho Chi Minh City-Long Thanh-Dau Giay Expressway (which will be a segment of the north-south highway) while t... |
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