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[2009-07-09] Red River urban area moves to Prime Minister's desk

Red River urban area moves to Prime Minister's desk (Listed Jul 9, 2009) A plan to rebuild urban areas along both banks of the Hong (Red) River in Ha Noi through 2020 will be submitted to the Prime Minister after receiving the nod from the Ha Noi Party Committee conference on Monday. This plan would play a key role in developing 40km of both banks of the Red River towards a modern, civilised capital for the 100 million people living in the country, said Pham Quang Nghi, Ha Noi Party committe...
[2009-07-09] Resorts win real estate awards

Resorts win real estate awards (Listed Jul 9, 2009) Nam Hai resort in Quang Nam and Indochina Riverside Towers in Da Nang, both in central Viet Nam, have won national-level awards in a global competition that seeks to identify the best real estate professionals. Designed by Paris-based architects AW2, Nam Hai won the International Property Awards’ Architecture Award and Indochina, designed by Gravity Partnership (Hong Kong) and REAL Architecture (Australia), took the competitive Best M...
[2009-07-09] Money can’t buy me… retail premises in HCM City

Money can’t buy me… retail premises in HCM City (Listed Jul 9, 2009) High-class retail premises in HCM City are now so scarce that even those who have money cannot find satisfactory places to set up shop. According to local newspaper Saigon tiep thi, HCM City now has 25 modern trade centres which have retail premises for lease to enterprises or individuals. Of these 25 centres, only 11 are considered high-class trade centres, including Diamond Plaza, Zen Plaza and Parkson and Sa...
[2009-07-09] Many steel projects found proceeding slowly

Many steel projects found proceeding slowly (Listed Jul 9, 2009) The Ministry of Industry and Trade has said that a lot of big steel projects are two or three years behind in their implementation. Several projects have had licenses revoked because they were never even begun. The steel project invested in by ESSAR-Vietnam Steel Corporation, which plans to make hot rolled steel, for example, is two years behind in its implementation. No one knows when the construction of the steel complex wil...
[2009-07-09] Student-housing projects await Prime Minister's nod

Student-housing projects await Prime Minister's nod (Listed Jul 9, 2009) The Construction Ministry has proposed that the Prime Minister approve more than 130 student housing projects that will be implemented with roughly VND8.3 trillion (US$466.3 million) raised through bond issues. Priority should be given to projects in key localities which have national universities, regional universities and specific training centers; projects with well-prepared land, and projects approved by competent a...
[2009-07-09] Open road - City completes series of traffic projects

Open road - City completes series of traffic projects (Listed Jul 9, 2009) In the first six months of this year, Ho Chi Minh City finished and opened more than ten major road projects, city authorities announced recently. According to the HCMC People’ Committee, the completion of such projects shows the city’s commitment to infrastructure improvement during the world economic crisis. However, many projects were often behind schedule, due in part to site clearance, land compensati...
[2009-07-09] Infrastructure works continue to block HCMC streets

Infrastructure works continue to block HCMC streets (Listed Jul 9, 2009) By June end 241 road works were under way along 85 roads in Ho Chi Minh City, most of them part of three giant infrastructure projects - Environmental Sanitation (Nhieu Loc- Thi Nghe Basin), East-west Highway, and Water Environment Improvement and Vietnam Urban Upgrade. The sanitation project alone requires 131 roads to be dug up, more than half of all roads partially closed off to traffic. The Saigon Water Supply Corp...
[2009-07-09] Misuse of public land by state-owned firms must be curbed

Misuse of public land by state-owned firms must be curbed (Listed Jul 9, 2009) An inspection by Ho Chi Minh City’s National Assembly delegates carried out over five days found several state-owned corporations encroaching on public land. In the first two days of the inspection that began Monday, the delegates discovered hundreds of land lots and facilities at Vietnam Posts and Telecommunications Corp. and Electricity of Vietnam had been trespassed for their own private purposes. Some su...
[2009-07-09] Land prices surge on growing demand for investment alternatives

Land prices surge on growing demand for investment alternatives (Listed Jul 9, 2009) Land prices have continued to rise over the last few weeks as investors pour more money into the recovering real estate market. Nguyen Anh Minh, general director of Hanoi-based Housing and Urban Development Financial Investment Corporation, told Dau Tu Chung Khoan newspaper the local real estate market has entered the first phase of recovery, with prices going up and more transactions being effected. Minh sa...
[2009-07-08] Greenhouse system for Phu Quoc island

Greenhouse system for Phu Quoc island (Listed Jul 8, 2009) A hi-tech greenhouse system imported from Israel early this year has helped meet the demand for organic vegetables on Phu Quoc island, which must transport most of its needed produce from the mainland. The 4,200sq m greenhouse, located in Cua Duong commune, includes a drip irrigation control system that allows for cultivation of up to 50 kinds of vegetables year-round. Nguyen Minh Triet, Ecofarm director, said his company supplies...
[2009-07-08] Impractical to use economic group to control real estate market: expert

Impractical to use economic group to control real estate market: expert (Listed Jul 8, 2009) Prof Dang Hung Vo, a senior real estate expert, former Deputy Minister of Natural Resources and the Environment, affirmed that a real estate group should not be assigned the task of stabilising the real estate market. Prof Vo, in an interview given to local newspaper VNExpress, stressed that it is impractical to expect a newly set up real estate group to help control the real estate market, addi...
[2009-07-08] Cars unsalable in the world, but selling well in Vietnam

Cars unsalable in the world, but selling well in Vietnam (Listed Jul 8, 2009) While the car sales have plummeted  in the world market, in Vietnam, there are still not enough Toyota or Honda cars to satisfy demand.  In such a market, ‘fixers’ thrive. Vietnam is really a lucrative market for automobile manufacturers: cars still sell well here despite the economic downturn. All the models offered by Toyota Vietnam are reportedly in short supply, especially Vios, Alt...
[2009-07-08] Gold falls to 2-week low as rising dollar, lower oil cut demand

Gold falls to 2-week low as rising dollar, lower oil cut demand (Listed Jul 8, 2009) Gold fell to the lowest in almost two weeks in New York and London as the dollar strengthened and oil slid, curbing demand for the metal as an alternative investment and hedge against accelerating consumer prices.  The US Dollar Index, a six-currency measure of the greenback’s value, gained for a third day, climbing as much as 0.6 percent. Gold typically moves inversely to the dollar. Crude oil f...
[2009-07-08] Great projects in Binh Duong new city underway

Great projects in Binh Duong new city underway (Listed Jul 8, 2009) Binh Duong industrial-services and urban complex with 5,196 ha in total becomes a highlight in the industrialization and modernization process, not only of Binh Duong, but also of the whole country. Located in the complex, Binh Duong new city with 1,000 ha in total is seeing a strong move with many big-sized projects underway. In the new city, there is the Mien Dong International Technical University project invested by ...
[2009-07-07] Solution for “disguised” golf courses: collecting tax arrears

Solution for “disguised” golf courses: collecting tax arrears   (Listed Jul 6, 2009)   As many as 166 golf courses covering 52,000 hectares of land serve around 5000 golfers in Vietnam. Each golfer has over 10 hectares of land for entertainment. Meanwhile, each person in the northern delta has only 360 sq.m of land for planting rice on average.The National Assembly’s Committee for Science, Technology and Environment vice chairman Nguyen Dang Vang has suggest...
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