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Quang Tri eyes 86 million USD logistics centre

Quang Tri eyes 86 million USD logistics centre

Quang Tri eyes 86 million USD logistics centre The People’s Committee of Quang Tri province has approved in principle for Dong Nam ICD JSC to develop a logistics centre, expected to cost more than 2 trillion VND (86 million USD), in the East South Quang Tri Economic Zone. The 72ha centre is slated for completion…

Large-scale Dong Nai plans remain mired in difficulties

Large-scale Dong Nai plans remain mired in difficulties

Large-scale Dong Nai plans remain mired in difficulties Dong Nai authorities are looking for ways to expand available industrial land to accommodate large-scale manufacturers’ needs, with the large-scale projects of Long Thanh High-tech Industrial Park and Hyosung Dong Nai highlighting how land is running scarce for new set-ups and expansion alike. Long Thanh High-tech Industrial…

Nudging investors towards new pastures

Nudging investors towards new pastures

Nudging investors towards new pastures There is now plenty of movement by German enterprises re-orienting from China, complementing their existing Chinese operations with new activities in Vietnam regarding sourcing and investments. Björn Koslowski, deputy chief representative of the Delegation of German Industry and Commerce in Vietnam, assesses the China+1 strategies and how they are being…

Foreign groups step up plans to enter or expand in Vietnam

Foreign groups step up plans to enter or expand in Vietnam

Foreign groups step up plans to enter or expand in Vietnam While China is struggling with the pandemic and is losing the confidence of foreign investors, proven resilience is pushing Vietnam to the fore as an ideal investment and manufacturing hub for Southeast Asia. Vietnam has been chosen as the ideal destination for the “China+1”…

Gaw NP Industrial pushes for 2021 operation date

Gaw NP Industrial pushes for 2021 operation date

Gaw NP Industrial pushes for 2021 operation date Gaw NP Industrial, the latest development in Vietnam funded by global real estate private equity firm Gaw Capital Partners, is actively pushing its investment process in order to be operational in the first quarter of 2021. Talking to VIR, Vo Sy Nhan, co-founder and managing director of…

Industrial infrastructure mostly serves FIEs

Industrial infrastructure mostly serves FIEs

Industrial infrastructure mostly serves FIEs Vietnam has borrowed big money to develop industrial infrastructure, but this has mostly brought benefits to foreign invested IZs (industrial zones) and FIEs (foreign invested enterprises). Industrial infrastructure mostly serves FIEs. Vietnam is considered one of the most dynamic economies in terms of industrial infrastructure establishment. Prof Dang Dinh Dao…

Housing projects to see more inspections

Housing projects to see more inspections

Housing projects to see more inspections HÀ NỘI The Ministry of Construction and localities must conduct inspections on urban areas that may have violated their approved plans and issue strict punishments if violations are found, Deputy Prime Minister Trịnh Đình Dũng said at a National Assembly (NA) question and answer session on Wednesday. Housing projects…

City to improve apartment building management

City to improve apartment building management

HCM City seeks solutions to improve the management of apartment buildings. Viet Nam News HCM CITY Disputes between investors and buyers in apartment building complexes have escalated in recent years as the number of buildings in HCM City has increased, according to the city’s Department of Construction. The disputes often concerned the prescribed space for…

The story of Viet Nam’s economic miracle

The story of Viet Nam's economic miracle

The story of Viet Nam’s economic miracle Walking around in Ha Noi, Viet Nam’s capital, you can feel boundless energy everywhere. People whiz by on scooters, buy and sell everything from phones to food in the countless small shops, and run to and fro to get to school or work. Viet Nam is young, growing,…

Planning alone won’t ease urban burden

planning alone wont ease urban burden

Planning alone won’t ease urban burden HÀ NỘI – Some two weeks ago, Prime Minister Nguyễn Xuân Phúc himself weighed in on a high-profile apartment building complex planned in the capital by a leading real estate developer. He expressing objections to Hà Nội’s greenlighting of this project, in particular, as well as its “haphazard” approval…

Central VN woos Euro investors

Central VN woos Euro investors ĐÀ NẴNG — Central Thừa Thiên-Huế and Quảng Nam provinces and their neighbouring Đà Nẵng City  will offer optimal conditions to lure investment from European countries in hi-tech, tourism, logistics, health care and advanced farming. Representatives of the three localities addressed a business forum oganised by the Euro Chamber of…

Transparency essential to real estate growth

Transparency essential to real estate growth

Transparency essential to real estate growth HCM CITY – It is necessary for housing developers, contractors, banks and State agencies to co-operate in disclosing information about real estate projects to avoid panicking buyers, experts have said. Experts made their comments during a recent online conference held in HCM City by café land, discussing how to understand mortgaged…

Social houses increasingly abused officials

Social houses increasingly abused officials

Social houses increasingly abused officials HÀ NỘI – “Why do you want to buy a low-priced social house when you already own a house?” “Because I qualify and I can afford it.” The answers surprised me. Several people whom I know already own a house applied to buy low-priced social houses, too. Yet social houses…

New York’s Stalled Residential Construction

New York’s Stalled Residential Construction

New York’s Stalled Residential Construction. At first blush, it seems as if times are good for the real estate industry in New York. The superhigh end — as in apartments for $10 million or more — has met with headwinds recently, but people continue to stream into New York, while developers benefit from cheap capital…

Mortgaged projects safe for buyers experts

Mortgaged projects safe for buyers experts

Mortgaged projects safe for buyers experts HÀ NỘI – Taking out mortgages for property projects is a normal practice among developers, and laws would protect the interests of buyers who have bought mortgaged property products, according to experts. Recently, the HCM City Department of Natural Resources and Environment published a list of 77 apartment projects…

VN property market set for growth experts

VN property market set for growth experts

VN property market set for growth experts HCM CITY – The Vietnamese real estate market is poised for strong growth in the next 15 years, but the Government should prevent speculation to avoid a bubble and improve human resources and infrastructure to attract foreign developers as the country integrates, a foreign expert has said. Sigrid…

HCM City makes property mortgage details public

HCM City makes property mortgage details public

HCM City makes property mortgage details public Recently the Ho Chi Minh City Department of Natural Resources and Environment published a list of 77 apartment projects that have been registered as mortgaged at land registration offices. The list has been submitted to relevant offices in the city as well as uploaded on the website of…

Govt must not destroy affordable housing dreams

Govt must not destroy affordable housing dreams

Govt must not destroy affordable housing dreams How do you respond to the Ministry of Planning and Investment’s announcing that the Government doesn’t have the funds to support the affordable housing program and the Ministry of Finance’s proposal to adjust the lending rate of that housing program? Under the 2014 Housing Law, affordable housing or…