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[2010-03-30] Gas, steel prices escalating
Gas, steel prices escalating
(Listed March 30, 2010)
Many steel producers profit nearly one million dong per ton and gas sales agents enjoy high commissions, all thanks to the ongoing battle between gas firms to agent. Price increases are nothing new, but construction materials and gas prices have risen alarmingly in recent days. Steel price skyrocketing Contractors in HCM City said that the steel price has increased sharply by one to two million dong per ton since the beginning of March 20... |
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[2010-03-30] No end in sight to HCMC’s urban development
No end in sight to HCMC’s urban development
(Listed March 30, 2010)
Ho Chi Minh City has made great strides in urban development over the past 35 years since it was liberated in 1975. However, many challenges still lie ahead for the bustling municipality.City makeover Since 1975, the former Saigon has nearly doubled in size with the re-arrangement of several districts and the establishment of many new ones, such as Binh Tan, Tan Phu, and districts 7, 9 and 12. District 4 has also seen ... |
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[2010-03-29] Da Nang market brisk for high-end property
Da Nang market brisk for high-end property
(Listed March 29, 2010)
Luxury real estate projects in central Da Nang City have flourished while a focus on low- and mid-end projects continues to characterize the industry, which is still reeling from the global economic crisis, around the country. Da Nang became a destination for tourism real estate after the city's beaches were selected as among the six most beautiful beaches on earth by US-based Forbes Magazine, said Trevor Morley from real est... |
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[2010-03-29] Vietbuild 2010 international exhibition to kick off
Vietbuild 2010 international exhibition to kick off
(Listed March 29, 2010)
Vietbuild 2010 international exhibition under the theme of “construction-building materials-real estate and interior decoration” will be held in Hanoi from April 1-5. The large-scale event aims to celebrate the 52nd anniversary of the traditional day of Vietnam’s construction industry. This year, the number of businesses taking part in Vietbuild 2010 increased by 40 percent compared to last year, wi... |
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[2010-03-29] Ca Cut bridge opened to traffic
Ca Cut bridge opened to traffic
(Listed March 29, 2010)
The Ca Cut bridge over Tam Giang Lagoon was opened to traffic yesterday after 600 days of construction. The bridge, 607 metres in length and 10 metres in width, was built in Huong Phong commune, Huong Tra district, Thua Thien – Hue province, with a total investment of over VND 311.5 billion from the Ministry of Transport. It links the coastal Highway 91 and residential areas north of Tam Giang Lagoon with Hue city, making a contri... |
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[2010-03-26] Commercial property market in Portugal showing signs of recovery after worst year o
Commercial property market in Portugal showing signs of recovery after worst year on record
(Listed March 26, 2010)
The Portuguese commercial real estate market is showing signs of a gradual recovery after all sectors experienced a severe downturn in 2009 that amounted to its worst ever year on record, according to a new report.It is ready to recover, albeit at a very modest level, as confidence improves and activity levels begin to increase, says the report from consultants Jones Lang LaSalle... |
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[2010-03-26] Marriott inks deal to manage Danang 5-star hotel
Marriott inks deal to manage Danang 5-star hotel
(Listed March 26, 2010)
US hotel operator Marriott International, Inc will manage a five-star hotel in the central city of Danang under its Renaissance luxury brand. It signed a deal with developer Dong A Real Estate Joint Stock Company in Ho Chi Minh City Tuesday to run the 300-room Renaissance Hotel Danang. The 27-floor hotel is part of the Golden Square residential and commercial complex which is under construction in the downtown area, Vietn... |
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[2010-03-26] Hanoi to build 9km overhead road
Hanoi to build 9km overhead road
(Listed March 26, 2010)
Deputy Prime Minister Hoang Trung Hai has ordered Hanoi authorities to complete site clearance and compensation rapidly to begin construction of the capital city’s first overhead road, which connects Mai Dich (Cau Giay district) with Linh Dam (Hoang Mai district). This overhead road is part of the second phase of the belt road No.3 project. This road will have a total length of 9 kilometers, starting from the Mai Dich roundabout to... |
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[2010-03-25] Construction of Petroland apartment building kicks off
Construction of Petroland apartment building kicks off
(Listed March 25, 2010)
The construction of the Petroland apartment building has started in District 2, Ho Chi Minh City. The VND 420 billion project is invested by the Petrovietnam Urban and Infrastructure Investment Joint Stock Company. On an area of 7,000 square metres, the apartment building lies within the Binh Trung Dong planning area in Binh Trung Dong ward, near the East-West expressway and 300 metres away from the Long Thanh &ndas... |
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[2010-03-25] Housing development group makes debut in Hanoi
Housing development group makes debut in Hanoi
(Listed March 25, 2010)
The Vietnam Housing and Urban Development Holdings Group (HUD Holdings) made its debut in Hanoi on March 24. With its financial potential and experience in management, HUD Holdings is expected to play the key role in meeting the demand for housing and urban development in the future. The establishment of HUD Holdings is part of the implementation of the party and state policy to reform, develop and improve the effectiveness... |
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[2010-03-25] Uncertainly surrounds steel prices for 2010
Uncertainly surrounds steel prices for 2010
(Listed March 25, 2010)
The retail steel price has increased by 600,000 dong per ton since the beginning of 2010. Analysts say prices may increase further, but not too sharply, while the supply will be exapnsive in 2010. According to the Ministry of Industry and Trade (MOIT), with high imports, inventories were high at the end of 2009, with an estimated two million tons of finished steel and one million tons of ingot steel. The current retail stee... |
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[2010-03-25] FDI disbursements make gigantic leaps
FDI disbursements make gigantic leaps
(Listed March 25, 2010)
A big leap has been made in disbursement of foreign direct investment (FDI), with figures reaching the record level of $1.4 billion in March 2010. The report on FDI in the first three months of 2010 showed that the newly registered FDI capital only increased by $358 million in March, while the disbursement rate has reached record levels of $1.4 billion, as disbursement rates far exceed FDI registered capital. In March, 51 projects ... |
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[2010-03-25] US new home sales hit record low as cold weather bites
US new home sales hit record low as cold weather bites
(Listed March 25, 2010)
Sales of new homes in the US fell to their lowest level on record in February as the cold weather discouraged buyers, figures have shown. Sales fell by 2.2% to a seasonally-adjusted annual rate of 308,000, down from a revised rate of 315,000 in January, the Commerce Department said. It was the fourth consecutive monthly fall in home sales and a much lower figure than economists had expected. Figures released on Tue... |
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[2010-03-24] New green urban area to be built in Hanoi
New green urban area to be built in Hanoi
(Listed March 24, 2010)
Construction of an environmental-friendly urban area called ParkCity Hanoi got underway in the outlying district of Ha Dong on March 23. At an estimated cost of US$1 billion, the 77.45 ha urban area will include 15 independent clusters which are designed to have much more green space than old-style urban areas. Habibullah Khong Sow Kee, Director General of the Vietnam International Development Company (VIDC) - the developer of... |
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[2010-03-24] Without distributors, home market out of reach for wood industry
Without distributors, home market out of reach for wood industry
(Listed March 24, 2010)
Wood makers and handicraft producers have turned their focus to the local market after the economic crisis slashed export orders, but without a distribution network, a nation of customers is out of reach. At first glance, there doesn’t appear to be many obstacles between the Vietnamese woodworking industry and the local customers who should be consuming its products. Nguyen Phuoc Hien, deputy directo... |
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