Ho Chi Minh City

There has been an increase in prices of houses and land in the city. The Department affirmed the volatility of housing segment in the property market follows the laws of supply and demand. Notwithstanding, more people bought houses as there has been rise in price of land; consequently, land price has gone up more. Speculation and incorrect information resulted in high transaction value, even 70 percent rise compared to same period last year. The Department said present high land price is in some areas which have poor traffic and infrastructure. Accordingly, in its document to People’s Committee, the Department wants to take steps to curb property bubble in some areas for a transparent and sustainable development of real estate. The Department said in its document that participation of related agencies, local governments and state bank of Vietnam is needed to curb the property bubble. Specifically, the Department of Environment and Natural Resources, the Department of … [Read more...] about HCMC housing price rises due to specification

The city assigned the city department of planning & architecture to propose plan for Nguyen Hue walking street’s functional area, the fountain areas and lighting system. Besides, the department should also propose to re-arrange the locations for sanitation, garbage, shopping, street cuisine, paking lots…to serve visitors on large-scale events. The department was asked to propose the connection plan between walking street space with the park in front of Opera House and Le Loi street as Nguyen Hue street with Ton Duc Thang –Ham Nghi streets as well. MINH HUY – Translated by K.Lien Tags: Nguyen Hue walking street upgrading and reparining project Ton Duc Thang street … [Read more...] about Nguyen Hue street to be upgraded

The pilot taxi pick-up stands are at 116 Nguyen Du Street, 16 Alexandre De Rhodes Street, Children’s Hospital No 2,  29 Ly Tu Trọng Street and 3 Han Thuyen Street. Passenger will wait for a taxi at the pick-up points which aims to ease traffic congestion and illegal taxis in HCM City. Drivers will have two minutes pick up and drop off passengers at these points. Chairman of the People’s Committee of district 1, Tran The Thuan said that the district’s authorities will launch more taxi pick-up stands covering in its 10 wards. By QUOC HUNG - Translated by Kim Khanh Tags: pilot taxi pick-up stands HCM City … [Read more...] about HCMC offers five pilot taxi pick-up stands

The bridge is 318m long, 15m wide with total investment capital of VND 560billion. Of these, the construction will cost VND 255billion, the remaining will be for compensation and re-settlement works and others. It is expected that the bridge will be put into operation after 18 months of construction. The old bridge was downgraded seriously therefore the HCMC People’s Committee approved to build new bridge to ensure the safety of local people. QUOC HUNG –Translated by T.Tran Tags: Long Kieng bridge Nha Be district HCMC construction in 2018 … [Read more...] about HCMC approves to build Long Kieng bridge in Nha Be district

Speaking at the meeting, he lauded the district’s achievement in the past time. The district contributed 27 percent of tax collection. Moreover, 1,518 enterprises in the district has capital of over VND100 billion ($4,304,597) accounting for over 25.5 percent of the city’s big enterprises. Additionally, the district focused on developing a friendly, responsible and professional at working in urban renewal program and repairing old condominiums. The district’s slow and fast development also makes an impact on the city’s general growth. Population growth is a big challenge for the district’s infrastructure social welfare program and order, said Mr. Phong. At present, the district is the most densely populated with approximately 221,220 residents, an average 28.000 people per square kilometer while the city’s average is 4,322 people per square kilometer. Accordingly, Chairman Phong said the district should take heed to keep the population growth. … [Read more...] about HCMC leader urges to control population growth in center district