New city investment managers

Urban areas north of the Red River can be revitalised through smart city concepts In the Fourth Industrial Revolution era, investing in smart cities is not only a trend but also a new drive for developing urban areas. Already many countries in the ASEAN bloc have announced ambitious plans. Besides the pioneering Singapore, Myanmar and the Philippines are also building high-tech green cities with unmanned vehicles, and robots. Elsewhere, Thailand has the goal of creating 100 smart cities by 2022. In Hanoi this week, a smart city project will be officially implemented, marking the start of building an e-government in the capital city. According to Nguyen Thi Nga, president of project investor BRG Group, when completed, the smart city will create a highlight for the space and architecture of the gateway to the capital, creating a driving force to develop urban areas in the north of the Red River, creating many jobs, and contributing to the socio-economic development of Hanoi. Over the … [Read more...] about New drive in smart city development

International experts share experience in water supply system management and solutions for HCM City. (Photo: VNA) HCM City (VNS/VNA) – Ho Chi Minh City needs a master plan for 30 years to make sure that investments in water supply dovetail with the overall long-term plan, experts have said. The master plan should give directions and guidance and be implemented with flexibility, said Sytze Jarigsma, former resident project manager of the Utility Support Programme funded by the Dutch embassy. VNA … [Read more...] about HCM City needs long-term master plan to ensure water supply: experts

An old building on Nguyen Hue pedestrians-only street in HCM City (Photo: VNA) HCM City (VNS/VNA) - In Ho Chi Minh City and Hanoi many old apartment and office buildings are becoming more attractive than ever because they are used as shops. More and more small businesses are flocking to these places to open shops. In addition to low costs, these places also help them be unique to attract young customers. The focus on such old buildings is not new. Long-standing apartment buildings and mansions on main streets like Ton That Thiep and Nguyen Hue in HCM City have been enjoying steady traffic for many years thanks to charming coffee stores, cool bars and hip clothing brands. Hanoi, on the other hand, has always been famous for its old quarter, where the past and present meet to bring about great business. What used to be shops of artisans and traders is now home to concept stores, hostels and restaurants, bustling with tourists and youngsters. In its latest report, Jones Lang Lasalle … [Read more...] about Decrepit buildings find new commercial use in cities

(Photo: VNA) HCM City (VNS/VNA) - Startups from various sectors joined in an investment day in Ho Chi Minh City organised by Zone Startups Joint Stock Company to seek investments and present their businesses. The annual Zone Startups Vietnam Investment Day this year attracted some 100 guests including domestic and foreign investors, startup founders, corporate leaders, and supporters in Vietnam's startup ecosystem. The event is part of a larger programme between Zone Startups Vietnam and startups.  Ten startups took part this year, including Vdes, an advanced technology and techniques app for event technology solutions; Geso which provides EPR solutions for small and medium-sized enterprises; Papaya, a startup that founded an employee healthcare and wellness benefit platform for corporations; and Gostream, an automated livestream platform, allowing users to livestream videos in multiple groups. The other startups were Phypass, a … [Read more...] about Startups seek funds on annual investment day

Hiep Phuoc Industrial Park in Nha Be district of HCM City. The city has 17 export processing zones and industrial zones with a total area of more than 2,570ha (Photo: VNA) HCM City (VNA) - To attract more investment, especially from overseas, Ho Chi Minh City needs to renovate and reform its export processing zones (EPZs) and industrial parks (IPs), said Tran Quang Truong, General Director of Tan Binh Industrial Park. Their infrastructure, mostly built in the 1990s, had deteriorated, especially wastewater treatment facilities, with a number of central wastewater treatment systems being found to violate environmental regulations, Truong said at a workshop last week. Many companies seeking to expand could not find enough land for lease in them and rentals were too high compared to EPZs and IPs in neighbouring provinces. Roads near EPZs and IPs are often overloaded, leading to higher production costs for their tenants and reducing their competitiveness, said Tran Trong Tien, a … [Read more...] about HCM City urged to upgrade IPs to attract investment