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[2010-03-02] $1.68 billion to build six overpasses
$1.68 billion to build six overpasses
(Listed March 02, 2010)
The Hanoi Transportation Department has proposed to build six overhead roads from 2010 to 2015 at a cost of over 32 trillion dong (over $1.68 billion) to curb traffic jams in the capital city. In its report to Hanoi authorities, the department explained that the agency and local traffic police implemented various methods designed to control traffic jams in 2009. However, the situation has not improved significantly because of the ... |
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[2010-03-01] Higher property taxes for Hong Kong as government warns it is monitoring speculator
Higher property taxes for Hong Kong as government warns it is monitoring speculators
(Listed March 01, 2010)
Hong Kong’s new fiscal budget for 2010/2011 includes additional taxes to reduce volatility in the property market and monitoring of speculators. Although Hong Kong’s gross domestic product (GDP) only fell by 2.7% in 2009 and growth in GDP of up to 5% is expected this year, the government is still concerned about the sustainability of the current economic recovery. Financi... |
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[2010-03-01] 88 new FDI projects licensed in two months
88 new FDI projects licensed in two months
(Listed March 01, 2010)
The Foreign Investment Agency said 88 new foreign direct investment (FDI) projects were licensed in the first two months of 2010 with a total in registered capital of US$1.6 billion, equivalent to only 59.8 percent of last February’s figure. Of the projects, there are several major ones like the US-based Skybridge Dragon Sea with an investment capital of US$902,5 million, Daewon Investment Company with US$120 million, and... |
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[2010-03-01] Korean firm to build $100 million tower in Hanoi
Korean firm to build $100 million tower in Hanoi
South Korea’s Kumho Industrial Co., Ltd Thursday signed a contract with Kinh Bac City Development Share Holding Corporation (KBC) to become the main contractor of a US$100 million office and commercial complex in Hanoi. The Kinh Bac Hanoi Tower, the first project of KBC this year, will include 32 floors covering a total area of 70,000 square meters which is dedicated to office space and shopping venues. Work on the project would start in th... |
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[2010-03-01] Land clearance, lack of capital obstacles to highway construction
Land clearance, lack of capital obstacles to highway construction
(Listed March 01, 2010)
Ground clearance and lack of capital are still two major obstacles for infrastructure construction in 2010. This year, the Ministry of Transport plans to carry out 40 national highway and road projects, but it will be difficult to maintain its pledge on progress of ongoing and new projects. Site clearance has been the most serious obstacle for many years. To improve the situation, experts suggest that a... |
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[2010-03-01] The whispering campaign that uses super-stars to sell property
The whispering campaign that uses super-stars to sell property
(Listed March 01, 2010)
Rumors about super-stars have been used by many Vietnamese real estate developers to entice buyers at a time when the real estate market is at a low. Recently, whispers suggested that singer Dam Vinh Hung had signed a contract on purchasing a penthouse at the high grade Sunrise City project rumored to have a price of several million dollars. According to Novaland, the investor of the project, this is a pen... |
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[2010-03-01] Tentative signs of Vietnam real estate recovery as developers seek to tempt back fo
Tentative signs of Vietnam real estate recovery as developers seek to tempt back foreign investors
(Listed March 01, 2010)
After a bleak past two years during the global economic downturn the Vietnam real estate market needs foreign investment to recover, it is claimed. The industry is hoping that tentative signs of increasing interest will lead to more robust interest from overseas buyers. ‘Since the global financial crisis, many foreigners have left the country and foreign demand has d... |
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[2010-03-01] Hanoi sees elevated roads as traffic jam solution
Hanoi sees elevated roads as traffic jam solution
(Listed March 01, 2010)
Hanoi plans to spend VND32 trillion (US1.68 billion) to build six elevated roads to reduce traffic gridlocks in the capital city, according to local online news service VnExpress. The Hanoi Transport Department said many efforts have been exerted over the past year to improve the traffic situation in the capital but these have had limited success. The pace at which new vehicles were hitting the road everyday was much fas... |
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[2010-02-26] Ba Ria-Vung Tau emerges as strong FDI magnet
Ba Ria-Vung Tau emerges as strong FDI magnet
(Listed Feb 26, 2010)
The southern province of Ba Ria-Vung Tau on Monday recorded a huge success in attracting 10 investment projects worth a combined US$1.245 billion, with foreign direct investment alone amounting to over US$922 million. The amount accounts for nearly half of the province’s investment capital target for the year 2010. The newly-licensed projects involve different fields including tourism facilities, seaport, logistics, schoo... |
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[2010-02-25] Hanoi to obtain JICA funds for major infrastructure projects
Hanoi to obtain JICA funds for major infrastructure projects
(Listed Feb 25, 2010)
The capital city of Hanoi will gain funds next month from the Japan International Cooperation Agency (JICA) for several key infrastructure projects, including a terminal at Noi Bai Airport and Noi Bai-Nhat Tan expressway. The Government website www.chinhphu.vn quoted Tsuno Motonori, JICA chief representative in Vietnam, as confirming that the agency would give priority to Hanoi’s urban development projects... |
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[2010-02-25] New legal frameworks boosts HCM City’s expansion plan
New legal frameworks boosts HCM City’s expansion plan
(Listed Feb 25, 2010)
A series of regulations on urban planning issued recently has created a good foundation for Ho Chi Minh City to develop its urban areas vigorously and sustainably in the future, many experts told SGGP. The revised construction masterplan for HCM City by 2025, approved by the Prime Minister early this year, will help the city renovate and develop its urban areas while preventing illegal building activity, said Dr.... |
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[2010-02-25] Europe, Asia office rents stabilised
Europe, Asia office rents stabilised
(Listed Feb 25, 2010)
Almost all real estate markets in Europe and Asia are seeing office rents falling at a slower rate and in some cases stabilising, a trend likely to continue this year, a report said on Tuesday. By contrast, most U.S. office markets, with the exception of New York, are further back in the rental cycle and are likely to see more falls in rents this year, property consultants CB Richard Ellis (CBG.N) said. "In Hong Kong and the West End o... |
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[2010-02-25] Prime London property still a good long term investment but could be volatile in 20
Prime London property still a good long term investment but could be volatile in 2010
(Listed Feb 25, 2010)
The prime central London property market has seen a strong start to the year but monthly price rises throughout 2010 is an unrealistic expectation although real estate remains a good long term investment, according to a market review. A lack of supply and a strengthening US dollar is likely to spur a fresh influx of investment into UK property from dollar-based investors, according to Ca... |
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[2010-02-25] Strong recovery for Asia real estate markets across all sectors
Strong recovery for Asia real estate markets across all sectors
(Listed Feb 25, 2010)
Asian real estate investment markets posted a strong recovery in the second half of 2009 after witnessing a difficult start to the year, according to new data. Investment turnover bottomed out in the first quarter but improved thereafter as confidence gradually returned, underpinned by the strong rebound in the equity markets, the persistence of low financing costs and a stabilizing trend in price levels acro... |
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[2010-02-23] Foreign investors turn to small projects
Foreign investors turn to small projects
(Listed Feb 23, 2010)
For over the past month, foreign investment in Ho Chi Minh City has been poured mostly into small service projects, according to investment experts. It’s time for small projects, they said, adding that the city government should further improve investment environment to attract small-scale projects while releasing capital worth billions of dollars from projects licensed two to three years ago. Arika Fukuda, the owner of fiv... |
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