Keppel Land Watco II Co., Ltd., G.V.C Development Limited, Indochine Park Tower, Global Toserco Co., Ltd., and Somerset Grand Hanoi, all big real estate developers in Hanoi and Ho Chi Minh City, will be inspected by the Ministry of Finance. Keppel Land Watco is trying to raise its ownership in Saigon Centre The Ministry of Finance (MoF) has just sent a document to the Ministry of Planning and Investment (MPI) on the inspection of implementing financial mechanisms and policies in five foreign-invested companies in this July. Accordingly, MoF will check the value of contributed capital at each party, the profits of the state’s contributed capital in these companies, the preservation of the state’s contributed capital in economic organisations, capital and project transfers, and the observation of tax laws. These firms will be informed seven days before starting the inspection. They are foreign-invested real estate companies with numerous big projects in Hanoi and Ho … [Read more...] about Five foreign invested real estate companies to be inspected
Psagot investment house ltd
Phu Yen and Binh Dinh province authorities and a State Bank of Viet Nam official meet with executives from Singapore’s Gia Phu International Pte Ltd, Japan’s Kato Corporation and the local ABC International Trade Investment Consultant Ltd on June 20-21 to discuss investment in the provinces. – VNA/VNS Photo Foreign companies are interested in investing in giant projects like oil refineries and deep-water ports in the central provinces of Phu Yen and Binh Dinh. On June 20 and 21 the people’s committees of the two provinces and the State Bank of Viet Nam’s Phu Yen branch held a meeting with executives from Singapore’s Gia Phu International Pte Ltd, Japan’s Kato Corporation and the local ABC International Trade Investment Consultant Ltd. Huynh Tan Viet, Secretary of the province Party Committee and Chairman of the Phu Yen People’s Council, said Gia Phu and ABC did a study of the Vung Ro refinery and petrochemical complex for the last three … [Read more...] about Phu Yen, Binh Dinh attract huge foreign investments
It has been discovered that artist Thanh Chuong and the family of pop singer My Linh are building their housing projects without construction licenses on forest land in Hanoi's Soc Son district, the Ministry of Natural Resources and Environment announced. Thanh Chuong has illegally built a palace [named after him] on the land without license to offer tourism services, the inspectors concluded. Meanwhile, Hanoi singer My Linh told inspectors that in 2001, Do Xuan Lam, a former worker at Soc Son plantation, transferred a protected forest area of 12,691m2 to her and her husband, musician Anh Quan. The land transfer was confirmed by local authorities. The People's Committee of Soc Son even granted the couple the land-use right certificate for 600m2 (part of 12,691m2). In 2009, they built housing projects, a 390m2 recording room, swimming pool, and parking area on the said land. "We always respect laws. We legally bought the land over the past decade, have a land use right … [Read more...] about Hanoi artists build houses without license: ministry
A Strategic Cooperative Agreement between V.N234 Investment Co. Ltd. (V.N234 Co.) and Trung Nam Construction & Investment Joint-stock Co. (Trung Nam Group) was held on 18 April. Vice-chairwoman of the Danang People's Committee Nong Thi Ngoc Minh and relevant agencies attended. Trung Nam Group is a multi-sectoral company investing in energy, real estate, mining, construction and refigeration products. It has some big projects including the 70MW Dong Nai 2 Hydroelectricity Plant and the 48-storey Vien Dong Meridian Tower in Danang. V.N234 Co. specializes in finance, investment and trading in real estate, industry, tourism services, pharmaceuticals industry, products for agriculture, seafood processing, construction consultancy, design and supervision, and urban planning. V.N234 Co is investing in some projects in Ho Chi Minh City, Can Tho and other provinces. With this agreement, the two parties will promote joint activities, cooperate in multi-sectoral business, and make good … [Read more...] about Multi-million USD agreement between Trung Nam Construction Co. and V.N234 Investment Co. Ltd.
(VEN) - Over the last decades, Vietnam has become considered a promising market for Chinese Taipei investors. Vietnamese and Chinese Taipei businesses have found a common business culture that benefits both sides. On the special occasion, Vietnam Economic News' Duyen Suong had the chance to interview Mr. Lin Kan Lin, General Manager of the Daden Construction and Investment Co., Ltd. to find out more about his company's achievements and further Chinese Taipei investment trends in Vietnam in the years to come. Daden is an example of a model Chinese Taipei investor in Vietnam, specializing in industrial park development. … [Read more...] about Daden Construction and Investment Co., Ltd.: Success and prosperity