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Markets ho chi minh city

/ March 5, 2021

Ho Chi Minh City urges on 32 long-delayed real estate projects

Ho Chi Minh City is the largest real estate market with hundreds of projects in delay Projects from many giant developers were on the list, including Novaland Group, Him Lam Land, Quoc Cuong Gia Lai, SonKim Land, SaigonRes, and Hung Loc Phat which have been in a prolonged deadlock for various reasons. Novaland had the largest number of projects under discussion by the central and local authorities, with 10 of the 32 projects bearing their logo. These projects include Co Giang apartment building in District 1, the officetel and apartment building at 151 Ben Van Don Street in District 4, a 30 hectare project in Binh Khanh commune of District 2, and seven other projects in Phu Nhuan district. The Co Giang apartment building in District 1 was handed over land by Ho Chi Minh City People's Committee and the local Department of Construction has granted a construction licence for the project. The officetel and apartment building at 151 Ben Van Don Street in District 4 has already been approved for land use right taxation. In the 30ha project in Binh Khanh commune of District 2, legal procedures are being reviewed together with the larger project of Thu Thiem New Urban Area (where this project is located). At the same time, the local authorities are looking for solutions to help achieve a breakthrough at the project. Seven other projects are being reviewed by local authorities. Him Lam Land's Him Lam residential project in District 9 (Thu Duc City) and Saigonres' two projects were also on the agenda for having legal difficulties. Le Thanh Construction-Trading Co., Ltd. and Phu Long Real Estate Corporation have two projects each. According to Le Hoang Chau, chairman of the Ho Chi Minh City Real Estate Association, the key problems of those projects are mainly related to the slow process of calculating land use rights. Because of this, developers cannot pay tax and be approved for construction and granting red books to buyers. Representing the developers, …

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/ March 4, 2021

Da Nang by Night expected to revive tourism in central city

Scheduled to begin at the upcoming Southern Liberation and National Reunification holiday (April 30), the programme will seek to create new distinctive tourism products so as to enhance the experience of tourists to the city. The programme is the realisation of the city’s plan to develop its night-time economy and will be piloted from 2021 to 2023. Da Nang by Night targets foreign tourists from key markets such as China, the Republic of Korea and Southeast Asia, as well as those from potential markets such as Russia, Australia and the US when the Covid-19 pandemic is brought under control and international routes are permitted to resume. It will also aim to attract domestic tourists from places with direct flights to Da Nang, such as Hanoi, Ho Chi Minh City, Can Tho, the Central Highlands and neighbouring provinces. The programme will include lighting shows, night-time tourism and service activities at selected places of interest, the night beach of My An, and cultural events along the Han River such as street dances, music, food and traditional arts. There will also be night tours on the Han River and between Da Nang and Hoi An. As part of the programme, there will be happy hours where tourists can enjoy special discounts at local shops, supermarkets, shopping centres and restaurants in order to boost demand after 10pm. …

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/ March 5, 2021

COVID-19 vaccinations must be safe, effective: Deputy PM

The Deputy PM, who is also head of the Steering Committee, stressed that safety must be as high as possible and that if something goes wrong it must be handled calmly. Though COVID-19 has been largely brought under control in Vietnam, relevant agencies must continue to maintain readiness and vigilance, he said. Deputy PM Dam called on people to strictly follow the Ministry of Health’s “5K” message: Khau trang (facemasks) - Khu khuan (disinfecting) - Khoang cach (distancing) - Khong tu tap (no gathering) - Khai bao y te (health declaration). Schools, health facilities, factories, markets, supermarkets, and accommodation establishments, he went on, need to actively self-assess their safety level in disease prevention and control and update information on the COVID-19 Safe Living Map System (www.antoancovid.vn). He praised the efforts of the ministry in accessing foreign sources of COVID-19 vaccines and promoting vaccine research and production in the country. The Ministry of Health is responsible for organising vaccinations in a safe and effective manner and promoting communications to raise public awareness. He underlined the need to accelerate domestic vaccine research, production, and testing, noting that these must comply with all steps in the fastest time possible. Vietnam is expected to have sufficient vaccines for 100 million people if research and development is successful, he said, adding that this is an opportunity for the country to lift its vaccine research capacity to a new level, enabling it to respond to other diseases that may strike in the future. The Deputy PM also ordered the Ministry of Health to coordinate with the Ministry of Foreign Affairs and the Ministry of Culture, Sports and Tourism to urgently build and issue relevant instructions and guidelines to create favourable conditions for those that have been given COVID-19 vaccines abroad to enter Vietnam. …

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