VietNamNet Bridge - Land plots located in advantageous positions in the central area of HCM City are known as ‘golden land’ because they promise huge profits for investors. In 2007, HCM City authorities released a map of golden land plots, covering an area of 50 hectares, and called on investors to develop large projects there. Land plots located in advantageous positions in the central area of HCM City are known as ‘golden land’ because they promise huge profits for investors. Vo Van Hoan, chief Secretariat of the HCM City People’s Committee, mentioned difficulties the project is facing at the 2018 year-end meetings. RELATED NEWS More ‘golden land plots’ sought by foreign investors Saigon’s "golden land" left undeveloped Kim Chi … [Read more...] about HCM City tries to rescue ‘golden land’ plots as disputes continue
Map of hcm city
HCM City selective about high-rise apartment projects
The HCM City Real Estate Association (HoRea) has recommended that the People’s Committee be more selective about giving licences to high-rise buildings.(Photo: VNA) HCM City (VNS/VNA) - The Ho Chi Minh City Real Estate Association (HoRea) has recommended that the municipal People’s Committee should be more selective about giving licences to high-rise buildings. The high-end housing segment accounts for a high proportion of 8,502 units (30 percent), while the affordable housing segment has only 6,981 units (25.7 percent). The property market needs more affordable housing for residents who comprise the majority of the population. Based on the current situation, the high-end housing segment is expected to face many challenges in 2019. High-end apartment projects will have to compete fiercely with each other to survive. Meanwhile, some high-end apartment projects in the city centre have enjoyed many exclusive advantages as the city had previously decided to stop … [Read more...] about HCM City selective about high-rise apartment projects
HCM City launches design contest for downtown park
Visitors walk along the 23 September Park in central HCM City. The People’s Committee has approved a plan to organise a design contest for detailed construction planning for the park. — Photo nld.com.vnViet Nam News HCM CITY — The HCM City People’s Committee has approved a plan to organise a design contest for detailed construction planning at a scale of 1:500 for the 23 September Park located in central District 1. The contest will select the most feasible and creative design ideas for the 16-ha central park. Based on the selected design, the city will map out a project for construction of the park and other facilities. Participating designs must meet the criteria for harmonious arrangement of greenery, lakes and public space, a public playground, a four-level underground for commercial and parking purposes, and streets and sidewalks surrounding the park. The chairman of the city People’s Committee, Nguyễn Thành Phong, recently asked the … [Read more...] about HCM City launches design contest for downtown park
HCM City stock market hailed as important channel for businesses to raise funds
Nguyen Thanh Phong, chairman of the HCM City People’s Committee, beats the gong at the HCM Stock Exchange on February 12 to mark the beginning of the Year of the Pig. — VNS Photo Xuan Huong The HCM City chairman has hailed the Ho Chi Minh Stock Exchange for contributing to the steady development of the country’s stock market and the city’s financial market and to the equitisation of State-owned enterprises in the city. Speaking at the gong beating ceremony at the exchange on February 12 to mark the reopening of the exchange after the Lunar New Year holidays, Nguyen Thanh Phong said it has grown rapidly in terms of scale to become an important source of capital for enterprises. By the end of last year the bourse had 375 listed companies with a combined charter capital of VND780 trillion (US$33.5 billion). Its market capitalisation is already over 70 per cent of the city’s GRDP, a target set only for 2020, and the daily average trading is VND5.6 trillion, … [Read more...] about HCM City stock market hailed as important channel for businesses to raise funds
HCM City to open book street on Tet holiday
The annual book street festival will open in downtown HCM City on Tet holiday. (Photo: VNA) HCM City (VNA) – Nearly 100,000 books will be put on show at the annual book street festival in downtown Ho Chi Minh City from February 2-8 in celebration of the Lunar New Year (Tet) holiday 2019. At a press conference on January 21, Vice Director of the municipal Department of Information and Communications Tu Luong said the book festival, entitled “Muon mau cua sach” (myriad forms of books), will take place along Mac Thi Buoi, Nguyen Hue and Ngo Duc Ke streets. Prestigious publishers and distributors like Phuong Nam, Thai Ha Book and Fahasa will introduce books on the culture and history of Ho Chi Minh City and socio-economic issues. Notably, photos, books, archives and maps affirming Vietnam’s sovereignty over Truong Sa (Spratly) and Hoang Sa (Parace) archipelagos will be exhibited on Nguyen Hue Street. Meanwhile, folk games and games developed from the STEM … [Read more...] about HCM City to open book street on Tet holiday