Green infrastructure projects

The Lien Chieu deep-water port project, on a planned area of about 450 hectares, will be the largest container port in the central region upon completion and be capable of berthing container vessels of up to 8,000 TEUs. The project consists of 2 components, with an implementation period from 2021 to 2025. Da Nang is now calling for investment in the project and offering incentives. “Port infrastructure investment is among the categories subject to incentives. Projects with investment of over 30 trillion VND will enjoy special investment incentives. We are developing a bidding plan and attempting to get construction underway this year,” said Le Thanh Hung, Director of the Management Board for Da Nang’s Priority Infrastructure Investment Projects. Considered a highlight of Da Nang’s investment attraction efforts, its Hi-Tech Park has been attracting a host of projects, in particular foreign investment focusing on information technology and high-tech industry. Luong Van Quang, … [Read more...] about Da Nang offering preferential policies to attract investors

The Golden Bridge offers a check-in for tourists visiting the Sun World Ba Na Hills in Da Nang. The city has been designed as a liveable urban city. (Photo courtesy of Sun Group) Da Nang (VNS/VNA) - With stable growth in the economy, infrastructure, urban management, tourism and investment attraction, the central city of Da Nang is challenging to develop into a ‘liveable’ city of regional and global status. Economist Vo Tri Thanh said at a seminar on how to develop Da Nang as a destination and a liveable city in Vietnam and region, emphasising that the central city had not yet approached the ‘liveable’ standard and it needed much progress to reach the target. Thanh said Da Nang had been known as a favourite destination in Vietnam but was not yet a ‘worth living’ location in terms of enjoyment, relaxation, and entertainment. “A ‘liveable’ city requires maximising consumption, commodities, working places while promoting a ‘green’ environment, humanity, safe, smart and … [Read more...] about Da Nang strives to develop itself into ‘liveable’ city

Capital Place, a Grade A office building (left) in Hanoi. Office real estate market will receive more Grade A office building projects due to increasing demand. (Photo baodautu.vn) Hanoi (VNS/VNA) - Office real estate is thriving, with new Grade A buildings entering the Hanoi market at the end of the year, according to Savills Vietnam. By the end of 2022, six new projects are expected. The only Grade A building will be Techcombank Tower on Quang Trung street. This project follows the opening of another international Grade A building , Capital Place . “Tenants can pick from a variety of new high-quality Grade A properties entering soon, mostly in Hoan Kiem, Ba Dinh and Tay Ho districts. New properties will compete with existing buildings in terms of quality, services and pricing," said Hoang Nguyet Minh, Senior Director of Commercial Leasing, Savills Hanoi. "Hanoi’s office supply is lower than regional peers like Singapore or Bangkok. However, the rents are … [Read more...] about Hanoi market sees strong development in premium offices

Land split into lots for sale. The real estate market was slowing down on the tightening of credit flow into certain segments.-VNA/VNS Photo In recent years, land prices increased rapidly despite the impact of the COVID-19 pandemic. According to a report by the Department of Housing and Real Estate Market Management under the Ministry of Construction, land prices, especially in localities planning or developing infrastructure saw whopping increases. The moves to control credit flow into the real estate sector and land lot split were cooling the market, with falling liquidity but prices staying at high levels. A report by real estate portal batdongsan.com.vn showed that searches for property on sale via the portal in the first five months of this year dropped by 11 per cent against the same period last year. Nguyen Quoc Anh, deputy director general of batdongsan.com.vn, said the market was slowing down significantly with interest in buying a property decreasing by 9 per … [Read more...] about Real estate market slowing down, experts divided on bubble risk

NA Chairman Vuong Dinh Hue (L) and Speaker of the UK's House of Commons Lindsay Hoyle. (Photo: VNA) Hanoi (VNA) - National Assembly (NA) Chairman Vuong Dinh Hue's visits to Hungary and the UK from June 26-30 concluded successfully, thus greatly promoting the Vietnam-Hungary comprehensive partnership and deepening the Vietnam-UK strategic partnership, said Vu Hai Ha, Chairman of the NA's Commission for External Relations. Ha told the press that the NA leader’s visit to Hungary, the first comprehensive partner of Vietnam in Central and Eastern Europe, took place when the two countries have just celebrated the 72th founding anniversary of diplomatic relations and are looking towards the 5th founding anniversary of comprehensive partnership. The Vietnamese leader’s talks and meetings with Hungarian leaders took place in a sincere, open and trustful atmosphere, Ha said, adding that Speaker of the Hungarian NA László Kövér and Hungarian Prime Minister Viktor Orban underlined … [Read more...] about NA Chairman’s visits enhance Vietnam’s ties with Hungary, UK

The People’s Committee of HCMC and Vietnam National University–HCMC (VNU-HCMC) sign a cooperation program in various areas in the 2022-2025 period. (Photo: SGGP) The program aims to serve the goals of socio-economic development and integration of the city and the southern key economic region in the 2022-2025 period, and implement VNU-HCMC’s main missions in researching, training and serving the community. The cooperation program includes human resource training and development in the fields of IT, AI, urban management, mechanical and automation engineering, business management, finance and banking, health and tourism; scientific research and socio-economic development allowing VNU-HCMC to participate in the city’s key science and technology missions, seek measures for the development of culture and sports, study automation technology application of infrastructure management and operation, assess the social impacts caused by flooding and seek solutions to improve environment; … [Read more...] about HCMC, VNU-HCMC sign cooperation program for socio-economic development

The construction site of the Lotus Garden project at Phu My District, Dong Thap Province.-VNA/VNS Photo The project has an initial outlay of nearly VND530 billion (US$23 million), financed by the Phuong Nam Transport Construction Exploitation JSC (PNC). There are around 504 apartments and 14 commercial buildings in its construction plan, which is expected to be completed in Q2/2025. The Provincial Department of Construction (PDC) revealed that to date, the project investors have not secured a construction permit and proof of land use rights and have not handed in an appraisal dossier. As a result, they are not legally allowed to make sale announcements. However, the investors are beginning to market their apartments through issuing "Reservation forms" and "Agreement to purchase forms." Similar offers can also be found on social networks, where home buyers can secure the right to buy apartments by putting down deposits. Le Van Ngot, deputy director of PDC, said that his … [Read more...] about Investor puts apartments up for sale before securing land rights

The ceremony to sign the deal was held at the Intercontinental Landmark Hotel in Hanoi, and attended by executives from both companies, including Samsung Engineering Executive vice president GyuYeon Kang and DNP Water chairman Ngo Duc Vu. With this acquisition, Samsung Engineering holds a 24 percent stake in DNP Water, DNP Holding owns 53 percent and other stakeholders have 23 percent. DNP Water is a private enterprise that focuses on water supply business in Vietnam and is the largest private water treatment company in terms of capacity. It was spun off from the DNP Group, a manufacturer of plastic pipes, in 2017. Since then it has been growing in the water treatment business by buying private water supply assets and developing new businesses. (From L) Nguyen Van Hieu, DNP Holding CEO, Kang Gyu-yeon, Samsung Engineering EVP and Ngo Duc Vu, DNP Water Chairman at the signing ceremony. Photo by Samsung Engineering The Asian water treatment market is shifting from … [Read more...] about Samsung Engineering acquires stake in water treatment company

A two-day event kicked off in Ho Chi Minh City on Thursday afternoon, featuring an exhibition and various discussions on the cooperation between Vietnam and Sweden in the field of sustainable development. Named ‘Pioneer the Possible,’ the program is organized by the Embassy of Sweden in Hanoi, Swedish Trade and Invest Council, Ho Chi Minh City People’s Committee, and Vietnam Chamber of Commerce and Industry at the New World Saigon Hotel in District 1 on Thursday and Friday. The event is aimed at enhancing the Vietnam-Sweden cooperation in sustainable development by presenting the green solutions of Swedish businesses and promoting Sweden’s effort to become a center of innovation and sustainability. Swedish Ambassador to Vietnam Ann Måwe delivers an opening speech at the ‘Pioneer the Possible’ program in Ho Chi Minh City, June 2, 2022. Photo: Duy Khang / Tuoi Tre The program features an exhibition that introduces Sweden’s climate strategy via positive changes and … [Read more...] about ‘Pioneer the Possible’: Sweden, Vietnam jointly work toward sustainable development

The five-day visits of Vietnam’s National Assembly Chairman Vuong Dinh Hue to Hungary and the UK marked a new milestone in bilateral relations, eventually contributing to the Vietnam-EU partnership. The Chairman’s official visit to Hungary was significant amid the 72nd anniversary of diplomatic relations and approaching the five-year mark of the comprehensive partnership (2018 – 2023). In addition, Hungary was Vietnam’s first comprehensive partnership in Central and Eastern Europe, as the former has been actively supporting Vietnam in both multilateral frameworks and also in Vietnam-EU relations. NA Chairman Vuong Dinh Hue and Hungarian Prime Minister Viktor Orban. Source: VNA It was noted worth mentioning that Hungary was the first among EU members that ratified the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA). Chairman of the NA’s Foreign Affairs Committee Vu Hai Ha said meetings between Chairman … [Read more...] about New milestone in Vietnam’s relations with Hungary, UK