Real estate market attracts Malaysian investors

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(VEN) - Foreign investors, including Malaysian businesses, are hunting for suitable places to develop their projects. They are seeking opportunities during the crisis that has afflicted the Vietnamese real estate market. Malaysian Foreign Direct Investment (FDI) flows into Vietnam are increasing, especially in real estate. The most active Malaysian real estate investor in Vietnam is Berjaya Land Berhad, a subsidiary of the Berhad Corporation. Present in Vietnam since 2006, Berjaya has … [Read more...]

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TDB Parkson shopping center gets off the ground

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van nam According to Ha Van An, general director of Thuy Duong-Duc Binh Co., TDB Parkson is developed on an area of 8,800 square meters at a cost of VND500 billion. The center comprises five floors of commercial space, one floor for cinema, and two floors for restaurants and bars. … [Read more...]

“Apartments and Choice in Hai Phong Real Estate Market”

The Hai Phong Real Estate Association (HP REA) has collaborated with TD Group to host a conference themed "Apartments and Choice in Hai Phong Real Estate Market" in the northern port city of Hai Phong. Mr Nguyen Van Luan, General Director of TD Group, said: Based on studies on living standards, real estate market trends in the past 10 years, land fund and population growth, apartments are now the top choice of local residents. According to the census in 2009, Hai Phong has more than 1.837 … [Read more...]

New Parkson mall set for HCMC’s Chinatown as retail market opens

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Parkson group, one of Malaysia's leading retail mall operators, is set to open its second outlet in Ho Chi Minh City later this month, aiming to capitalize on a the booming shopping culture in Chinatown. The US$6 million Parkson Department Store - the third outlet nationwide - is to open in District 5's Hung Vuong Plaza, slated to be about 1.5 times bigger than the Parkson Saigontourist Plaza. The operational Parkson stores are located at the Saigontourist Plaza in the city's downtown … [Read more...]

Parksom TD Plaza inaugurated in Hai Phong

Parkson TD Plaza in Hai Phong port city, a modern trade centre built with 100% of capital investment of Parkson Corporation Sdn Bhd ( Malaysia), a subsidiary of Lion Group, was inaugurated recently. The trade centre is a 4-storey building, covering an area of 18,000 square meters near Cat Bi Airport. Parkson first came to Ho Chi Minh City in June 2006 and most recently expanded to the port city of Hai Phong where it focuses on promoting business through renting stalls and department stores in … [Read more...]

Second Parkson shopping mall set for northern Vietnam

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Parkson retail group, a leading Malaysian shopping mall operator is set to open its second outlet late this week in the northern Hai Phong city. The Parkson Hai Phong, worth US$6 million in total investment covers 22,000 square meters in the TD Plaza, about 30 percent bigger than the southern Ho Chi Minh City Parkson. The Hai Phong store will feature luxury fashion and cosmetic brands, famous luggage brands, home furnishing, children's goods, and well-known Vietnamese brands. … [Read more...]

BUSINESS IN BRIEF 1/8

Daelim gets giant refinery moving South Korea's Daelim Industrial Company is in the final steps of conducting a feasibility study to build a $3 billion mega oil refinery and petrochemical project in central Vietnam. Daelim will develop the project, in central Khanh Hoa province's Van Phong Economic Zone, through a joint venture with Vietnam's state-run Petrolimex. Nguyen Trong Hoa, director of Van Phong Economic Zone Management Authority, told VIR that Daelim would complete the feasibility … [Read more...]

Striving and waiting for market recovery

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HCMC ' The fact that banks are lowering lending rates brings about positive changes in the property market, offering investors a hope that buyers will gradually come back to the market in the coming time. A half year of striving Saw Kim Suan, general director of Setia Lai Thieu One Member Company Limited, said the first half of this year was the most difficult time since the Malaysia-invested firm joined the local realty market six years ago. The company saw its sales slowing down in line … [Read more...]

Binh Duong sees better prospects

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Going beyond just a destination for land lot investment, the southern province of Binh Duong has shown itself as a destination for other segments including apartments. Small and big residential projects under way in the mammoth property project Binh Duong New City and some others in the fringe districts are offering ample business opportunities for individual investors. Some developers are pressing ahead with plans to launch their projects in the coming weeks in hope of refreshing the market … [Read more...]

Binh Duong starts work on new urban complex

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HCMC - Construction started on Monday on Becamex - Thuan An urban complex covering about 52 hectares in Lai Thieu Township of Binh Duong Province's Thuan An District, some 20 kilometers from HCMC's downtown. Investment and Industrial Development Corp., or Becamex IDC, as the project owner said nearly VND6 trillion, or over US$300 million, would be required for key components in the new urban area complex. Visitors view part of the model complex at the ground-breaking ceremony in Binh Duong … [Read more...]

Axe falls on southern hub property

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Some $100 million worth of Ho Chi Minh City-based property projects face having licences taken back due to long delays. illustration photo With $3.5 billion total registered capital, the Vietnam International University Township (VIUT) project developed by Berjaya Land Berhad under Malaysia-based Berjaya Corporation Berhad in Ho Chi Minh City's Hoc Mon district is Vietnam's first international-scale university-eco housing complex model. As part of Ho Chi Minh City northwest urban area the … [Read more...]

D2D – National Brand

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With its profound experience, acumen leadership, experienced and expert workforce, Industrial Urban Development Joint Stock Company No. 2 (D2D) is confidently affirming its solid market position as it has carried out a lot of high-quality, beautifully designed modern projects. With its continuous successes, D2D is reaching a new high and becoming a national brand. Notably, most projects undertaken by D2D are big projects in Dong Nai province, including the Road 5 linking Bien Hoa City to a … [Read more...]

Nhon Trach projects have mountain to climb

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Big property projects in southern Dong Nai province's Nhon Trach district are suffering delays due to incomplete infrastructure and poor market performances. The Nhon Trach roading-bridge project, linking Nhon Trach to Ho Chi Minh City's District 9 developed by Phu My Construction and Investment Joint Stock Company, was sourcing investments. Construction of Ho Chi Minh City's outer beltway 3 section crossing Ben Luc-Long Thanh expressway, Nhon Trach area and merging with Ho Chi Minh City-Trung … [Read more...]

Southern projects drag their heels

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A snail's pace site clearance and drawn out development procedures have seen many major property projects in Ho Chi Minh City fall behind schedule. illustration photo Malaysia's Berjaya Corporation Berhad's largest project in the southern hub - the Vietnam International University Township (VIUT) is the longest standing of these problems. According to Mor Chun Lin, chief representative of Berjaya Corporation Berhad in Vietnam, as of March 2011, the project developer had received just 500 … [Read more...]

Berjaya Corporation Berhad: A Leading Malaysian Investor in Vietnam

(VEN) - Berjaya Corporation Berhad has become one of the biggest Malaysian investors in Vietnam with nine large projects in many fields such as property development, five-star hotel and resort and financial services with total investment amounting over US$5 billion.The company has invested in many construction projects in VietnamBerjaya Corporation Berhad, a Malaysian diversified corporation with more than 100 subsidiaries and branches engaged in business fields such as property investment, … [Read more...]

Berjaya Vietnam Financial Centre in HCMC

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The People's Committee of District 10 in Ho Chi Minh City has approved the Berjaya Vietnam Financial Centre project which will be developed and financed by the Berjaya Land Berhad of Malaysia. The project will have five high-rise buildings of 44 - 48 stories each including three office buildings, a five-star hotel, a service apartment building and a shopping mall. The HCMC government had issued an investment certificate to the company to build the project in the busiest area of District … [Read more...]

Golf tourneys helps build classrooms

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HCMC - Nguyen Hoai Nam, general director of Berjaya Vietnam Operation, donated VND500 million for construction of three classrooms of Phuoc Ninh Junior High School in Quang Nam Province's Nong Son District at the closing of the Berjaya-Saigon Times Golf Tournament 2009 on Saturday. The organizing board also raised VND135 million from auction of works of Green Painting drawing contest and an ancient money collection of the Tay Son Dynasty for storm and flood victims in Phu Yen Province. The … [Read more...]

Berjaya in deal with U.S. hotel manager

US$2-billion Nhon Trach new city project to get started next year An artist's impression of Nhon Trach New City in Dong Nai Province HCMC - Berjaya - D2D Co. Ltd., a unit of Berjaya Land Berhad, on Wednesday signed a memorandum of understanding with the U.S. hotel management company Marriott Inc. to manage a five-star hotel in the country's south. The 22-story hotel with 263 rooms is part of the broader Bien Hoa City Square project worth US$150 million which Berjaya - D2D is developing in … [Read more...]

Malaysian entrepreneur plumps for Vietnam

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Vincent Tan, a Malaysian business tycoon, and his company have donated thousands of dollars to charities in Vietnam and committed investments of more than US$5 billion. Malaysian business tycoon Vincent Tan … [Read more...]

Malaysia’s Berjaya Corp Confirms Sponsoring Dong Nai Footies

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Malaysian megafirm, Berjaya Corporation Berhad (BCB), is to become official sponsor of the fourth rank Dong Nai Football Team in 2008, confirmed a BCB representative in a press release shared with the Dong Nai People's Committee Tuesday. Berjaya Corporation Berhad and the Dong Nai Berjaya's footballers at the press conference BCB has signed a US$1-million three-year sponsorship contract, US$400,000 for 2008 and US$300,000 for 2009 and 2010 and the team is to be renamed the "Dong Nai … [Read more...]