VietNamNet Bridge – Following a series of state owned conglomerates and general corporations, Quoc Cuong Gia Lai Group has become the "aiming point" of the public, after a lot of problems of the real estate giant were discovered. Thirteen out of the 15 big projects expected to bring money to Quoc Cuong Gia Lai in 2011-2013 are medium and high end real estate projects. Meanwhile, the sector proves to be the biggest sufferer in the economic downturn. … [Read more...] about Quoc Cuong Gia Lai “dissected” by the public after awkward discoveries
Gia lai
Gia Lai on its development
When talking about Gia Lai, one cannot fail to refer to its immense plantations of rubber and pepper trees, its hydro-electric power projects, such as Ialy, Se San, An Khe - Ka Nak and other strong points. All these serve as the wings for this province in the Central Highlands to fly off during its socio-economic development. … [Read more...] about Gia Lai on its development
Gov’t invests billions in poor water supply system in Gia Lai Province
The gov’t has invested billions of dong in the water supply and irrigation system in Krong Pa District in Gia Lai Province, which residents say they have little use of, as most don’t use tap or well water for daily use and the canal has no irrigation network to take water to their fields. Krong Pa District is called ‘the fire bowl’ of Gia Lai Province and the Central Highlands, with an annual average temperature of 34 degrees Celsius. Local residents here face extreme water shortage for daily use all year round. Since 1998, nearly 60 water supply works were built in 12 communes of the district at a cost of hundreds of billions of dong, from the central and provincial budgets. However, most of the local residents belong to the Jrai ethnic minority community, who traditionally are used to carrying water from rivers and springs for daily use. Thus, using well or tap water is alien to them as they believe that spring water is fresher and purer and does not cost … [Read more...] about Gov’t invests billions in poor water supply system in Gia Lai Province
Hoang Anh Gia Lai’s health situation raises controversy
The rapid-fire pieces of news about the big debts incurred by Hoang Anh Gia Lai and the slow sale of its real estate products have raised doubts about the health of the conglomerate, the boss of which – Doan Nguyen Duc – was listed among the most powerful businessman in South East Asia. HAGL's boss Doan Nguyen Duc. In Vietnam, Hoang Anh Gia Lai is considered a powerful conglomerate with a lot of subsidiaries which operates in many important fields of the national economy, including rubber plantation, real estate and construction. Fitch Ratings, in its March 14 press release, stated that it downgraded the outlook of Hoang Anh Gia Lai from “stable” to “negative” due to negative effect caused by the current stagnancy in local property sales. Hoang Anh Gia Lai long- term Foreign and Local Currency Issuer Default Ratings (IDRs) was affirmed at 'B'. The rating agency has also downgraded Hoang Anh Gia Lai’s senior unsecured rating and its 90 … [Read more...] about Hoang Anh Gia Lai’s health situation raises controversy
An Khe-Kanak hydropower plant deprives water for Gia Lai’s residents
Tens of thousands of families in Gia Lai provinces, who have been living on the Ba River side, now do not have running water because the Ba River - the main water supply source - has become dried and polluted. The An Khe-Kanak hydropower plant has deprived water of local residents.Water supply plants, drilled wells all unusable because of mud The Ba River's passage in the An Khe town of Gia Lai province is sunk in mud and pollution in the sunny season. It is getting depleted because all the water has been deprived by the water reservoirs of the two hydropower plants. It is also getting polluted because a lot of factories and workshops are discharging untreated waste water to the river, turning the river into a dead river. The local residents in distress continuously cried for help, while the local authorities have continuously asked the investor of the An Khe-Kanak hydropower plant to settle the problems Finally, the investor has to accept to "give water back to the Ba River". … [Read more...] about An Khe-Kanak hydropower plant deprives water for Gia Lai’s residents