HCM City has called for investment in environmental protection projects from now through 2025 and announced incentives for such investment as it seeks to resolve certain problems soon. A waste-burning facility at the Go Cat landfill in HCM City’s Binh Chanh District. VNS File Photo. A spokesman for the Department of Natural Resources and Environment said some 8,900 tonnes of solid wastes are collected daily in the city and treated at the Phuoc Hiep waste treatment complex in Cu Chi District and Da Phuoc Waste Treatment Complex in Binh Chanh District, with 69 per cent being buried and the rest burnt and recycled. The volume is set to increase by 5 per cent a year to 10,081 tonnes per day in 2020 and to 12,864 tonnes per day by 2025. City authorities have called on investors to set up two more solid waste treatment units using recycling technology capable of handling 2,000 tonnes a day at the Phuoc Hiep Solid Waste Treatment complex in Củ Chi District. They will … [Read more...] about Ho Chi Minh City encourages environment projects
Apartment rental ho chi minh city
Toy rental now a fad in Ho Chi Minh City
Want some cool toys for your kids without the novelty wearing off when little boys and girls no longer want them? If yes is the answer, toy rental may be for you. Want some cool toys for your kids without the novelty wearing off when little boys and girls no longer want them? If yes is the answer, toy rental may be for you. Nguyen Thi Cam Tu, 31, who lives in a 70-square-meter apartment in Tan Phu District, Ho Chi Minh City, dedicates a 2-square-meter section of her home to her eldest son’s ‘playground.’ Surrounded by a pile of toys of all kinds, the nine-month-old infant giggles at the sounds produced by a keyboard in the form of a panda which his mother plays. Tu says that the fence she used to build around her son’s ‘playground’ and all the lovable paraphernalia were rented from a toy shop in Binh Thanh District. She would regularly pamper her baby with loads of toys, who soon grew tired of them as the novelty wore off. The young mother … [Read more...] about Toy rental now a fad in Ho Chi Minh City
Ho Chi Minh City speeds up low-income housing investment
The Ho Chi Minh City Department of Construction plans to speed up the granting of investment licenses for social housing projects and redress administrative procedures to provide housing to low-income residents. Social housing is to accommodate the poor, near-poor, State staff, and people who have been recognized as making a great contribution to the country’s revolutions. Speaking at a forum held in Ho Chi Minh City early this week, Tran Trong Tuan, director of the Department of Construction, said a one-stop policy will begin in October to ensure faster granting of licenses to investors. Investors will only have to apply for licenses at one agency, the Department of Construction. From 2006 to 2015, the People’s Committee approved 51 social housing (low-income) projects with a total of 48,000 apartments, according to the department. Of the projects, only 12 projects with 3,800 apartments have been completed. Slow progress was caused by the lack of preferential policies and … [Read more...] about Ho Chi Minh City speeds up low-income housing investment
Ho Chi Minh City office rents continue rapid rise
The office market in Ho Chi Minh City is strengthening with falling vacancy levels and increasing rental rates, bucking trends in Asian countries, according to property consultant CB Richard Ellis Vietnam (CBRE). CBRE's comments on the southern hub's property market were given last week in a press briefing, minutes before the opening ceremony of its new offices in Vietnam. It detailed that the average rent per square metre per month (including service charge and VAT) for grade A spaces ranges from $25-28, grade B from $19-22 and grade C from $14-17. CBRE's managing director Marc Townsend was quoted by CBRE global rent report as saying that grade A office rents in Ho Chi Minh City were now the fifth highest in Asia with only Tokyo, Mumbai, Hong Kong and Seoul more expensive (refer to table below left). Looking ahead to the fourth quarter of 2003 and the year 2004, Townsend said: "Office rents will be on the rise due to high demand. "Demand is increasing due to the number of … [Read more...] about Ho Chi Minh City office rents continue rapid rise
HCMC office, serviced apartment rentals drop on falling demand
Office rents in Ho Chi Minh City dropped in the first quarter of this year as demand continued to weaken amid the economic downturn, leading real estate services firm CB Richard Ellis (CBRE) said last week. Grade-A asking rents, for instance, have dropped 20 percent to an average of US$57.30 per square meter per month on the ground floor. 'Total absorption' dropped by 45 percent quarter-on-quarter and 85 percent year-on-year, CBRE said. UK-based property consultant Savills' first quarter survey calculates there are 34 office Grade A and Grade B buildings in HCMC with a built up area of approximately 390,000 square meters. The first quarter's sharp decrease in foreign direct investment of 40 percent over the same period last year has had a significant impact on the downward trend in office rent and occupancy, CBRE Managing Director Marc Townsend told a press briefing in HCMC last week. Townsend said, "Some Grade A landlords are offering discounts of up to 30 percent on asking rents. … [Read more...] about HCMC office, serviced apartment rentals drop on falling demand