Hanoi property development

The city would continue to explore opportunities to build new social housing projects to meet growing public demand. The Hanoi People’s Committee has instructed investors to complete the planning process for five concentrated social housing projects in a combined area of 273 hectares. A social housing project at Dong Ngac Ward, Bac Tu Liem District. Photo: Cong Hung To date, the authorities have approved the detailed planning for two projects at Tien Duong Commune, Dong Anh District. The remaining three at Co Bi Commune (Gia Lam District), Ngoc Hoi Commune (Thanh Tri District), and Dai Mach Commune (Dong Anh District) are still under planning. Hanoi’s authorities aimed to construct up to two social housing projects during the 2021-2030 period, and complete the preparation process for the remaining three. In case of positive progress in the investment procedures for all three projects, the city would raise the target from two social housing projects in … [Read more...] about Hanoi to develop five social housing projects

The ceremony marking the 40th anniversary of the Intellectual Property Office of Vietnam on July 29 (Photo: qdnd.vn) Hanoi (VNA) – The Intellectual Property Office of Vietnam (IPO) under the Ministry of Science and Technology celebrated its 40th anniversary with a ceremony in Hanoi on July 29. IPO Director Dinh Huu Phi said the establishment of industrial property rights is one of the focal tasks of the office since its inception and becoming increasingly important because the surging number of applications for industrial property requires better handling of applications while trade disputes and complaints are also on the rise. By the end of June, the IPO had received nearly 1 million applications for industrial property and granted nearly 600,000 certificates of industrial property protection of all types. The official also highlighted his office’s efforts to promote task performance by improving governance, reforming administrative procedures, applying … [Read more...] about Intellectual Property Office marks 40th anniversary

CapitaLand Development (CLD) has entered into plenty of new development deals across many different businesses in Vietnam. What is your exact development strategy in Vietnam? Ronald Tay, CEO of CapitaLand Development (Vietnam) Vietnam is one of our core markets, and we are committed to being a long-term partner contributing to Vietnam’s economic development. Having been part of Vietnam’s growth for 28 years, CLD’s portfolio comprises one retail mall, two integrated developments, and more than 13,000 quality homes across 17 residential developments. Over the next five years, we aim to accelerate our investment in the country, doubling our capital allocation to grow our portfolio in Vietnam. Our real estate expertise, coupled with our extensive local knowledge, places us in a strong position to scale up our investments in township developments, logistics, industrial, and business parks as well as seek opportunities to expand into data centres. Our recent investments … [Read more...] about CapitaLand Development enhances its operations

Secretary of the Hanoi Party Committee Dinh Tien Dung said that the city had set up a steering committee for building Ring Road No.4 after the National Assembly issued a resolution on the project. As the governing body, the Hanoi Party Committee directed offices to draw up a plan of investment for the road's construction. The plan had been sent to the provinces of Hung Yen and Bac Ninh for comment. Dung asked localities to show determination, solidarity, focus and coordination with ministries and central agencies to implement the project well. According to Deputy Chairman of the Hanoi People’s Committee Duong Duc Tuan, the investment policy for the project was approved by the National Assembly in Resolution No.56/2022/QH15 dated June 16, 2022, with a scale of 112.8km and the total preliminary investment was 85.813 trillion VND (3.68 billion USD). The preparation for the project’s investment and implementation is scheduled to start this year, complete in 2026 and be put into … [Read more...] about Hanoi prepares for 3.7 billion USD Ring Road No.4 project

LDG Group is a developer with many unfinished projects that cannot be deployed in Ho Chi Minh City because of legal issues and cash flow. To solve the situation, chairman Nguyen Khanh Hung in June said he wants to mobilise capital from outside, and a merger and acquisition (M&A) is one potential method. Vietnam boasting buoyant real estate M&A activities “We are looking to finish legal documentation for two projects of the High Intela and the West Intela with a total of around 800 units which can be taken into M&A for other potential partners. This would be a good solution for LDG because these projects are small in scale, and LDG should leave them to drive focus towards improving its governance and construction capacity,” Hung said. According to Do Duy Thanh, manager of Savills Hanoi Investment Advisory Department, M&As are considered a safe and beneficial solution for both parties because the domestic enterprise can solve the capital shortage, while … [Read more...] about M&A route lends appeal for delay-ridden ventures

In the updated draft national master plan for the rest of the decade and with orientations to 2050 that was released last week, the section on the nation’s urban and rural network highlighted that Hanoi and Ho Chi Minh City are continuing to promote their effectiveness and spillover effects. It is hoped that they will develop dynamically and creatively in order to compete internationally. Vietnam’s planning orientation for the next few years aims to push development of satellite towns, Le Toan At last week’s conference on the national master plan held by the Ministry of Planning and Investment in Hanoi, Tran Hong Quang, director general of the ministry’s Vietnam Institute for Development Strategies (VIDS), revealed that the two biggest cities will focus on developing high-quality and high-value-added services in sci-tech, health, training, and IT, as well as restricting processing and manufacturing industries that use a lot of land and labour. “We should push the … [Read more...] about Modern slant found through key planning

According to Ngo Thi Kim Thanh, senior expert at the Investment Analysis and Consulting Centre for SSI Research, the land lease demand in industrial zones (IZs) continues to secure positive growth for 2022 and beyond. This is attributable to diverse factors such as China’s strict pandemic policy, and reopened borders – paving the way for foreign investors to strike new deals or wrap up land lease procedures which were signed earlier. Prospects abound for land-rich industrial players, Illustrative photo. (Source: VNA) Thanh gave the remarks at a talk show on the charm of real estate tickers, hosted by VIR in Hanoi last week. In the stock market, the performance of real estate tickers is being deemed a bright spot in the context of a lasting market correction since April. During the period, the ticker IDC of IDICO Corporation gained more than 20 per cent, KBC of Kinh Bac Urban Development Corporation rose more than 15 per cent, and VGC of top building material maker … [Read more...] about Prospects abound for land-rich industrial players

The index closed 2.1 points up after gaining 4.01 points Monday. Trading on the Ho Chi Minh Stock Exchange rose marginally to VND15.97 trillion ($682.8 million), marking the ninth straight session above the VND15-trillion threshold. The VN-30 basket, comprising the 30 largest capped stocks, saw 16 tickers gain. HPG of steelmaker Hoa Phat rose 2.1% to a two-month high. NVL of property developer Novaland gained 1.8% to the highest since April 14. It have risen 13% in nine recent sessions. Other gainers were VIC of Vietnam's biggest conglomerate Vingroup, up 1.1% and VJC of budget carrier Vietjet, up 1%. Thirteen tickers fell, led by VCB of Vietcombank with a 1.5% loss. It was followed by VHM of property developer Vinhomes, down 1%, and PLX of fuel distributor Petrolimex, down 0.8%. Foreign investors net sold for the third straight session to the tune of VND70.27 billion. They mainly sold HPG, VNM of diary giant Vinamilk, and VHM. The HNX-Index at the Hanoi Stock … [Read more...] about VN-Index nears two-month high

Dr Jonathan Choi, Chairman of the Hong Kong-based Sunwah Group. (Photo: VNA) Hanoi (VNA) – Dr Jonathan Choi, Chairman of the Hong Kong-based Sunwah Group, has expressed his optimism about Vietnam’s future, saying the country has recovered “very quickly” after the COVID-19 pandemic was controlled and is one of the best performers in the Association of Southeast Asian Nations ( ASEAN ) in this regard. In an interview granted to the Vietnam News Agency (VNA) in Hanoi on August 5, Choi said Vietnam has made a good decision on the pandemic as the country opened doors right after the situation got better. Vietnam’s gross domestic product (GDP) growth was one of the best in the region, and many investors from Hong Kong (China) and all over the world would like to come to the Southeast Asian nation. Expressing his belief that the Vietnamese market will grow very fast in the time ahead, Choi emphasised the country’s potential in a range of areas, from finance to smart city … [Read more...] about Sunwah Group Chairman optimistic about Vietnam’s future

The program will preserve and promote traditional cultural values. Vietnam will adopt clean and high-tech agricultural models linked with tourism development, according to a decision signed by Standing Deputy Prime Minister Pham Binh Minh early this month. Under the decision, a rural tourism development program will be executed by the Ministry of Agriculture and Rural Development within the framework of a movement to build new rural areas in the 2021-2025 period. Local tourists enjoy farming activities in Quang Ninh Province. Photo: Yen Duc Travel Company Promoting rural tourism is one of the key tasks of the National Target Program on New Rural Development for 2021-2025, which focuses on changing farming and rural economy mindset, thereby contributing to supporting localities to realize new rural construction goals in a sustainable manner. According to the program, rural tourism will be built in a sustainable and inclusive manner with multiple values, … [Read more...] about Vietnam boosts agro-tourism model