Satellite cities - Solution to reduce pressure in the central area Many countries around the world have implemented the satellite urban model to reduce pressure on downtown infrastructure. Japan has developed Tokyo megacity comprising of the downtown and satellite areas with a modern traffic network to ease overloading in the centre. In light of the fast-paced socioeconomic development, urban populations have increased rapidly in large cities like Hanoi and Ho Chi Minh City, placing more pressure on the housing market. Under the Ho Chi Minh City Housing Development Programme 2021-2030, the city aims to reduce the number of newly-developed houses downtown, which exacerbates the scarce supply in the municipal city. Aqua City eco-smart township in the east of Ho Chi Minh City attracted investors at the opening event of Novaland Gallery 2 Bis Nguyen Thi Minh Khai, District 1 Commenting on this trend, David Jackson, general director of Colliers Vietnam, said that …
Markets ho chi minh city
COVID severely impacts stock markets in Southeast Asia including VN: conference
The Research Centre in Business, Economics, and Resources at the HCM City Open University organised the annual Conference on Business, Economics & Resources online on November 25-26 to share research experiences and discuss policy implications for an emerging market like Viet Nam. — Photo courtesy of the HCM City Open University Stock markets in Southeast Asia including Viet Nam have been severely impacted by the COVID-19 pandemic outbreak, according to studies presented at the annual Conference on Business, Economics & Resources held from November 25 to 26. Pham Tan Toan of Macquarie University, Australia, said his team’s research found the Philippine and Thai stock markets exhibiting the most volatility. “We also found that the … outbreak had substantially increased the volatility in all six ASEAN markets. “Volatility … more than doubled in comparison to the pre-pandemic period. The research studied six stock markets, Indonesia, Malaysia, the Philippines, …
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Revamp for property transactions back on the cards
The proposed change in rules could mean more transparency for property buyers, photo Le Toan According to the Ministry of Construction (MoC), selling real estate products directly through developers brings about many unwanted consequences such as the appearance of illegal projects, cheating buyers, creating fake information on the market, and tax evasion. According to Nguyen Van Dinh, chairman of the Vietnam Association for Realtors (VAR), all trading activities should be carried out via official transaction floors to develop the country’s real estate market. In that way, all of the information will be published by floors with the highest transparency and eligibility. “Real estate is a high-value commodity. In the past, many people have been entangled in projects with legal risks, been scammed, and lost all their money and properties because of unscrupulous investors and developers. This regulation is aimed at making the market more transparent,” Dinh said. Nguyen Anh Minh, …
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Cinemas not yet revived after reopening
At the CGV Su Van Hanh cinema in District 10 in the evening of November 20 Director of BHD Star Cineplex, one of the city’s movie theater chains Le Hoang Minh said that every location with 28-30 screenings per day has seen a total number of only 100 customers, half of its capacity. Other large movie theater chains, including CGV, Galaxy and Lotte have also received a small number of moviegoers back. Ms. Hong Tham, a movie lover in Thu Duc City left the screening of the film titled “The Conjuring: The Devil Made Me Do It" (also known as The Conjuring 3) at the CGV Su Van Hanh cinema in District 10. She said that the screening had about 20 percent of the audience capacity. Meanwhile a screening of “The Suicide Squad” at the Lotte Cinema Cong Hoa in Tan Binh District saw only four people, said Mr. Tran Xuan Phuc, a moviegoer living in Binh Tan District. According to the Box Office Vietnam, 12 films have been presented to the public in the first three days from the cinema …
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