Forum a venue for participants to examine how regulatory and market developments can help promote financial returns and sustainable finance. Image from phattrien.vn The “Sustainable Finance Forum”, organized by Vietnam Banks Association (VNBA) in partnership with the Global Reporting Initiative (GRI) and the International Finance Corporation (IFC) and sponsored by the governments of Australia, Japan and Switzerland, held on May 28 in Ho Chi Minh City, provided a venue for participants to examine how regulatory and market developments can help promote financial returns and sustainable finance. The forum brought together a range of stakeholders and participants, including representatives from the Ministry of Planning and Investment, the State Bank of Vietnam, the State Securities Commission, local banks, and the private sector, including Ayala Energy, Dragon Capital, and MSCI. Given the country’s investment deficit regarding sustainable development projects, … [Read more...] about Sustainable Finance Forum held in HCMC
Hcmc green building
PM approves in-principle planning adjustment in HCMC
PM approves in-principle planning adjustment in HCMCThe Saigon Times Daily A bird’s eye view of downtown HCMC – PHOTO: THANH HOA HCMC – Prime Minister Nguyen Xuan Phuc has given his in-principle approval for the adjustment of a general master plan for HCMC to help the city develop in a fast but sustainable manner, reported the Government news website. The prime minister called on the HCMC People’s Committee to cooperate with the relevant agencies to complete the tasks and adjustments related to the general planning process for the city. Bidding will be set up to select a competent consulting unit to handle the review, assessment and formulation of zoning adjustments. Later, the Ministry of Construction will evaluate these adjustments in line with prevailing regulations. As the economic hub of the country, the city will seek to maintain its development tempo, according to the municipal government. Therefore, the master plan must be attractive to … [Read more...] about PM approves in-principle planning adjustment in HCMC
HCMC, Hanoi among most dynamic growing cities
HCM City and Hanoi remained among the global Top 10 most dynamic growing cities in JLL’s Short-Term City Momentum Index (CMI) 2019, which tracks socio-economic and commercial real estate growth in 131 cities over a three-year period. HCM City ranks eighth among the global Top 10 most dynamic growing cities in JLL’s Short-Term City Momentum Index (CMI) 2019.-Photo congan.com.vn With Hanoi in third place and HCM City eighth, Vietnam was the strongest performer with two cities ranking the highest in ASEAN, said JLL. In its report, JLL said that the two cities in Vietnam performed very well for socio-economic momentum, with fast-growing populations and economies. "HCM City is generally viewed as the more business-friendly destination attracting more overseas investment along with a higher corporate presence, whereas Hanoi has lagged commercially but is a city that is swiftly evolving." On the real estate front, Vietnam has "a small real estate investment market … [Read more...] about HCMC, Hanoi among most dynamic growing cities
HCMC, Hà Nội among most dynamic growing cities
HCM City ranks eighth among the global Top 10 most dynamic growing cities in JLL’s Short-Term City Momentum Index (CMI) 2019. — Photo congan.com.vnViet Nam News HÀ NỘI — HCM City and Hà Nội remained among the global Top 10 most dynamic growing cities in JLL’s Short-Term City Momentum Index (CMI) 2019, which tracks socio-economic and commercial real estate growth in 131 cities over a three-year period. With Hà Nội in third place and HCM City eighth, Việt Nam was the strongest performer with two cities ranking the highest in ASEAN, said JLL. In its report, JLL said that the two cities in Việt Nam performed very well for socio-economic momentum, with fast-growing populations and economies. "HCM City is generally viewed as the more business-friendly destination attracting more overseas investment along with a higher corporate presence, whereas Hà Nội has lagged commercially but is a city that is … [Read more...] about HCMC, Hà Nội among most dynamic growing cities
Friendship Tower, a step up in office building innovation
According to a Savills market report for the second quarter of 2018, the total office space in HCMC had reached almost 1.8 million square meters, a 2 percent rise quarter-on-quarter and 10 percent year-on-year, while average occupancy was steady at 96 percent. Tu Thi Hong An, associate director of commercial leasing, Savills HCMC, said after over 7 percent grade A rental growth in 2017, the momentum is expected to continue with record growth in 2019 and 2020. It is crucial for office occupiers to carefully analyze their needs, plan ahead and manage future occupancy costs effectively, she said. Friendship Tower grade A office project in 31 Le Duan Boulevard, District 1, HCMC. The Vietnamese market has the potential to develop more sophisticated office projects in line with global trends, and so the design, standard and functionality of new projects would likely change in the coming years, she predicted. By 2020 the market is expected to add some 516,000 square meters of new office … [Read more...] about Friendship Tower, a step up in office building innovation