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[2009-08-25] Hanoi’s master plan through 2030 under scrutiny
Hanoi’s master plan through 2030 under scrutiny
(Listed Aug 25, 2009)
Prime Minister Nguyen Tan Dung has asked international consultants to focus on preserving the tangible and intangible values of Hano’s old quarter and developing linkages between the city and other localities while working on a master plan for the city toward 2030. The PM made the request on August 21 after hearing the international consultancy group PPJ’s report on the master plan for the capital city th... |
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[2009-08-25] Nhat Tan bridge’s largest contract signed
Nhat Tan bridge’s largest contract signed
(Listed Aug 25, 2009)
A VND10.2 trillion contract has been signed for building the main part and northern approach viaduct for Nhat Tan suspension bridge. The contract is the largest and the most important among three tender packages of the project. Deputy Prime Minister Hoang Trung Hai witnessed the signing ceremony between the project management board and Japanese contractor partnership, IHI and Sumitomo Mitsui Construction Company, in Hanoi on... |
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[2009-08-25] Renumbering project stymied by unnamed streets
Renumbering project stymied by unnamed streets
(Listed Aug 25, 2009)
A pilot project to restore order to door numbers in four Ho Chi Minh City districts has run into the dead-end of unnamed streets and construction plans that could change the character of several others. The city’s Department of Construction says these streets pose major hurdles to the renumbering project. The project could be renewed later because relevant agencies would not be able to renumber all the houses that carr... |
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[2009-08-25] Dong Nai Province power plant goes on stream
Dong Nai Province power plant goes on stream
(Listed Aug 25, 2009)
PetroVietnam Power Corp. commissioned the 462.8 MW Nhon Trach 1 Power Plant in Dong Nai Province on August 23 after wrapping up four months of trials.
The VND6.5 trillion power plant uses natural gas supplied from the Cuu Long and Nam Con Son basins.
The firm said it would speed up construction of the 750 MW Nhon Trach 2 plant.
It also plans to build other large plants like the Luang Prabang Hydroelectric Plant in Laos and ... |
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[2009-08-25] U.K. house prices to drop further 13%, bond investors forecast
U.K. house prices to drop further 13%, bond investors forecast
(Listed Aug 25, 2009)
U.K. house prices will plunge another 12.7 percent before bottoming out, according to bond investors surveyed by Royal Bank of Scotland Group Plc. Britain’s homes, which have already fallen 15 percent since October 2007, have further to fall, said 86.4 percent of respondents to RBS’s poll of mortgage-backed debt investors. The U.K.’s biggest bank controlled by the government distributed the r... |
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[2009-08-24] Work starts on Vietnam’s 1st pipeline coating plant
Work starts on Vietnam’s 1st pipeline coating plant
(Listed Aug 24, 2009)
The construction of the Phu My Pipe Coating Plant started on Aug. 22 in Phu My I Industrial Park the southern coastal province of Ba Ria - Vung Tau.
This is the first oil pipeline coating plant built in Vietnam, with total investment being almost VND520 billion (about US$29 million).
The ground-breaking ceremony was held by the PetroVietnam Gas Investment and Construction Joint Stock Company under the Vietnam Gas... |
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[2009-08-24] $250m bond issue to lift foreign reserves
$250m bond issue to lift foreign reserves
(Listed Aug 24, 2009)
The Ha Noi Stock Exchange will auction bonds worth US$250 million next week, with the aim of raising capital for national projects and boosting State Bank of Viet Nam’s foreign-exchange reserves.
The US dollar-dominated bonds will be issued by the State Treasury and each has a par value of $100. Auctions will be held in three sessions: on Monday for $100 million worth of one-year bonds, on Wednesday for $100 million worth... |
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[2009-08-24] Partner ups Bien Viet stake
Partner ups Bien Viet stake
(Listed Aug 24, 2009)
South Korea’s Woori Investment & Securities Ltd will increase its stake in Bien Viet Securities Co from 12.6 per cent to 49 per cent, Bien Viet chief executive Vu Duc Nghia announced yesterday.
The Law on Securities allows foreign investors to hold a minority interest of up to 49 per cent in any firm not otherwise made conditional to foreign investment, e.g., commercial banks.
The State Securities Commission has approved the South... |
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[2009-08-24] Vice premier calls for speeding up housing development
Vice premier calls for speeding up housing development
(Listed Aug 24, 2009)
The Ministry of Construction should study other countries’ experience to draft a strategy for housing planning and development, Deputy Prime Minister Hoang Trung Hai, head of the central steering committee for housing and real estate, said. He called on the ministry to send its officials abroad for the purpose. Mr. Hai also urged the ministry to complete and submit to the Prime Minister’s Office its plans... |
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[2009-08-24] PM pushes Thai Nguyen-Hanoi Expressway
PM pushes Thai Nguyen-Hanoi Expressway
(Listed Aug 24, 2009)
Thai Nguyen Province must speed up resettlement to help the building of the Thai Nguyen- Hanoi Expressway, scheduled to start sometime 2009, stressed PM Nguyen Tan Dung in a meeting with leaders of Thai Nguyen Province on Saturday. At the meeting held to discuss socio-economic development plans for 2009 proposed by the provincial government, Prime Minister Dung also allowed the province to assign contractors to the project to upgrade... |
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[2009-08-23] Big freezing fishing vessel launched
Big freezing fishing vessel launched
(Listed Aug 23, 2009)
France’s Bourbon Group on August 22 launched a big freezing fishing vessel named SEAS 16.
The vessel is considered the biggest “freezing factory” at sea in Southeast Asia, as it has quick freezing and processing systems. It can also sail in severe weather conditions for a long time. SEAS 16 is 90 meters long, 14.5 meters wide and 9.15 meters tall, with a capacity of 7,500 KVA, and a speed of 17.5 miles an hour.... |
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[2009-08-23] Gold jumps as dollar drops
Gold jumps as dollar drops
(Listed Aug 23, 2009)
Gold price in Vietnam suddenly bounced VND100,000 a tael (1.2 ounces) more than the previous day on August 22 as the global price rose by 1.4 percent, boosting demand for the precious metal as an alternative investment.
Most gold shops fixed prices at VND21.25 million (US$1,148.6) for buying and VND21.30 million ($1,151.3) for selling.
However, gold traders did not expect that this movement of bullion would improve the trading volume... |
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[2009-08-22] HCM City: oversupply creates ‘indigestion’ in high-grade apartment market
HCM City: oversupply creates ‘indigestion’ in high-grade apartment market
(Listed Aug 22, 2009)
A lot of high-grade apartments have been marketed in recent days with attractive preferences, but sales continue to be slow.It seemed that 2009 would be the right time for investors to market luxury products, which explains why a lot of new products have been launched onto the market recently.However, since the products have been marketed in a gloomy period, investors have had to offer a... |
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[2009-08-22] Cautiously, overseas Vietnamese eye real estate investments
Cautiously, overseas Vietnamese eye real estate investments
(Listed Aug 22, 2009)
Viet Kieu (overseas Vietnamese) will be allowed to purchase real estate in their own names from September 1, 2009. However, experts doubt the new policy will cause any immediate changes in the real estate market.Ownership transfer transactions will increaseTwo months ago, Luong’s relative in Germany asked her to help buy another apartment on Hoang Hoa Tham street in Hanoi.According to Luong, the relative de... |
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[2009-08-22] Locals’ concern over dykes in Northern areas
Locals’ concern over dykes in Northern areas
(Listed Aug 22, 2009)
No matter how much money is spent on dyke maintenance each year, people in the northern provinces of Hai Duong, Hung Yen, Nam Dinh, Bac Ninh, Thai Binh, Hai Phong and Hanoi continue to be afraid of rivers overflowing and dyke breaches once the flood season comes.
As messy as a landslide
As the center of the Northern Delta, Hanoi – the converging place of many currents and a home of small and large river dykes &nda... |
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