Despite a remarkable decrease of new supply in the rest of 2019, the east of Ho Chi Minh City remains one of the most popular areas among buyers, according to experts. According to Thuc Nguyen, senior manager of CBRE Vietnam, the east of the city, which is home to a large land bank, is a major development hotspot of Ho Chi Minh City right now, as major infrastructure projects of the city are going eastward, as highlighted by Metro Line No.1 and Long Thanh International Airport. “This area is anticipated to lead the market in terms of new supply in the remainder of 2019, thanks to the launch of some large-scale projects. Interest in the area remains strong, especially at projects near future metro stations,” Thuc said. In the first quarter of 2019, 4,423 units were newly launched in Ho Chi Minh City, a decrease of 54 per cent on-year. “This could be attributed to the government’s tightening of credit into real estate, as well as a more stringent process in … [Read more...] about East Ho Chi Minh City residential segment leads the market in 2019
International airport in ho chi minh city
Ho Chi Minh City aims to tackle traffic jams
Nguyen Thai Son-Nguyen Kiem intersection in Ho Chi Minh City (Photo: VNA) HCM City (VNA) – The Ho Chi Minh City Department of Transport will focus on implementing major projects to reduce traffic congestion and traffic accidents in 2019. The department will strive to put 75km of new roads and 17 bridges into operation within the year. It will prioritise projects in key intersections, belt roads and city gateways, while striving to complete 24 important underway projects such as My Thuy crossroad, An Suong tunnel and Nguyen Thai Son-Nguyen Kiem flyover. Additionally, the city transport sector will speed up other major projects such as the road connecting Pham Van Dong street with Go Dua crossroad, Thu Thiem 2 bridge, the intersection at Ho Chi Minh National University, the Luong Dinh Cua street upgrade and Ong Nhieu bridge. In 2019, the department plans to launch 27 new projects, including the repairing of Nguyen Huu Canh street, the expansion of Dong Van Cong street, the … [Read more...] about Ho Chi Minh City aims to tackle traffic jams
One Commune One Product start up program launched in Ho Chi Minh City
Deputy Prime Minister Vuong Dinh Hue attended a ceremony on January 8 in Ho Chi Minh City to kick off a student start-up program under the One Commune One Product (OCOP) initiative. Deputy Prime Minister Vuong Dinh Hue and delegates attend the ceremony to kick off the OCOP startup program - Photo: VGP The program, jointly launched by the Youth Union and the Ministry of Agriculture and Rural Development, aims to raise awareness on the importance of the rural economy and promote the start-up spirit among students. Speaking at the ceremony, Deputy PM Hue stated that with about 34,000 products approved for the OCOP program, the central and local governments will invest about VND15 trillion (US$645 million) in its implementation. He added that this is a program that students can take part in to promote local products with national value. On the same day, Deputy PM Vuong Dinh Hue also had a working session with the key leaders of the southern province of Dong Nai on its … [Read more...] about One Commune One Product start up program launched in Ho Chi Minh City
VNA opens Ho Chi Minh City – Van Don flight route
Accordingly, the national flag carrier will exploit flights between Ho Chi Minh City and Van Don with a frequency of a flight per day by Airbus A321. The flights depart from Ho Chi Minh City at 2pm, and from Van Don at 4:45 pm with an expected flight time of 2 hours and 5 minutes. Currently, Vietnam Airlines runs a promotion program with the price of VND 800,000 (around US$36)/ one way for economy class (excluding tax and expenditures). Tickets are now available at ticket offices, agents nationwide and on the official website of Vietnam Airlines. In order to be ready for opening new flights to Van Don International Airport, Vietnam Airlines has focused on preparing new and synchronous ground equipment and installing procedure systems. The move is to meet the demand of tourism and trade between Ho Chi Minh City and Quang Ninh province and goods transportation in near future as Van Don will officially become a special economic zone. BY BICH QUYEN – Translated by Huyen … [Read more...] about VNA opens Ho Chi Minh City – Van Don flight route
Fake goods rampant in Ho Chi Minh City
Fake and imitation goods are openly sold in many places in Ho Chi Minh City, with their sellers making huge profits. Market management officials in Ho Chi Minh City destroy fake helmets. - VNA/VNS Photo Manh Linh Shops on Pham Van Chieu Street in Go Vap District and on Truong Chinh Street in Tan Binh District, for instance, sell watches and sunglasses ostensibly made by brands like Chanel, Hermes, Gucci, Dior, Rolex, and Omega for VND200,000 to VND300,000 each. They even issue warranty cards to customers. But the shop owners freely admit that the goods are from Guangzou in China and brought into Vietnam over the northern land border. Nguyen Minh Tan, the owner of a shop selling sunglasses sellers, said he could earn bigger profits by flying to Guangzou and buying directly from their Chinese manufacturers at much lower prices. According to the Steering Board for Combating Smuggling, Fraudulent Trading and Counterfeit Goods, this year authorities have discovered over 80,000 … [Read more...] about Fake goods rampant in Ho Chi Minh City