Real estate developer Refico celebrated the workers, their commitment and an astonishing 3.5 million man hours of accident-free work at the topping-out ceremony of the second phase of its City Garden project in Ho Chi Minh City on Monday. Real estate developer Refico celebrated the workers, their commitment and an astonishing 3.5 million man hours of accident-free work at the topping-out ceremony of the second phase of its City Garden project in Ho Chi Minh City on Monday. In its second phase, City Garden apartment complex is located at 59 Ngo Tat To Street, Binh Thanh District. Thirty representatives of City Garden’s 1000+ workforce signed a concrete slab atop Promenade Tower, the third in the development’s quartet, on Monday morning as a symbol of their lasting impression on the project and the city. “We have been incredibly fortunate to have such a dedicated and talented group of men and women without whom we would never have been able to build such a … [Read more...] about Refico celebrates workers in topping-out ceremony at City Garden
Barbecue garden ho chi minh
Vietnamese conglomerate soft-opens largest riverfront park in Ho Chi Minh City
Vietnamese realty developer Vingroup has just organized a soft opening ceremony for a huge riverside green space in Ho Chi Minh City. Vietnamese realty developer Vingroup has just organized a soft opening ceremony for a huge riverside green space in Ho Chi Minh City. The park, which is a part of the enviro-friendly luxurious urban community Vinhomes Central Park, located in Binh Thanh District, was soft-opened on Saturday, attracting thousands of people. With its river frontage stretching more than a kilometer, the park offers a green area in the heart of Ho Chi Minh City, which will act as the lungs of the entire city. Inspired by the New York City-based Central Park, the park was developed by real estate conglomerate Vingroup at a cost of VND500 billion (US$22.4 million). The park covers 14 hectares, making it the largest riverside green venue in the city. Embraced by the Saigon River, the green venue features over 40 sections such as a water stage, a children’s … [Read more...] about Vietnamese conglomerate soft-opens largest riverfront park in Ho Chi Minh City
BUSINESS IN BRIEF 20/6
Vung Tau approves 30 new projects The southern province of Ba Ria – Vung Tau granted licences to 30 new projects worth a combined US$521 million since the beginning of the year, according to the provincial Department of Planning and Investment. Eleven of the 30 projects include foreign investments. During this period, the province also revoked the investment licences of four sluggish projects capitalised at $36 million, the department said. New SSC draft guidelines to continue margin lending ratio In its draft guideline on margin trading issued on Thursday, the State Securities Commission would continue to restrict the margin ratio to 30:70 – a ratio market insiders are saying is too restrictive. Under the guideline, brokerages would be able to loan up to 30 per cent of the value of a securities transaction, while the investor would be required to front the remaining 70 per cent. "The proposed margin ratio of 30:70 is too conservative and doesn't truly reflect the … [Read more...] about BUSINESS IN BRIEF 20/6
Discover Dalat’s quiet charm at the Forest Ghost Inn
Ma Rung Lu Quan (Ghost Forest Inn) has recently become one of the most favorite destinations for tourists in Da Lat as it impresses visitors with its tranquility, picturesque scenery and good delicacies. “Why it was named Forest Ghost?” I asked my younger brother, who introduced me the place and told me that I should try to come there at least once to find why it has become famous, especially to adventure lovers. “Is it a haunted place?” I asked with curiosity. “You should come there and discover by yourself, and I think you may feel surprised at what you find out there,” my brother said. Forest Ghost Inn is located deep in the forest, within Da Nghit Village, Lat Commune, Lac Duong District, more than 22 kilometers from Da Lat downtown. It takes about a half an hour to come there by car or more than 45 minutes by motorbike. The route to Forest Ghost Inn is encompassed by unspoiled fascinating scenery. My brother took me and my family members to … [Read more...] about Discover Dalat’s quiet charm at the Forest Ghost Inn
BUSINESS IN BRIEF 22/12
5-star tourism complex for Phu Quoc Island Hoa Binh Real Estate Company started construction of Star Bay Tourism Complex in Phu Quoc Island in Kien Giang Province earlier this week. The complex is to have a 250-room hotel and 50 bungalows, built at a five-star standard. This is the first project in which the company took charge of both design and building construction. This arrangement is expected to bring convenience to investors and contractors. The company also started construction of JW Marriott on the island earlier this month. This project has a total investment worth VND72 billion. FLC Group acquires The Lavender project FLC Group has acquired The Lavender project at a favourable location in the capital Ha Dong District centre, and renamed it FLC Star Tower. Le Thanh Vinh, a member of FLC's management board, said that the details of the acquisition have not been revealed. However, the group will buy projects with attractive market and development costs. In addition, the … [Read more...] about BUSINESS IN BRIEF 22/12