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 …
Top attractions in ho chi minh city
2021 Ho Chi Minh City Tourism Festival slated for December
Accordingly, the annual event will take place at a time when the city embarks on the second stage of restoring tourism activities while safely adapting to COVID-19. In particular, it will be also open virtually on the event’s website, the portal of the municipal Tourism Department at www.visithcmc.vn, Shopee e-commerce site and Traveloka online tour agent. On both 2D and 3D platforms, the festival will draw 100 virtual stalls by prestigious tour agents and tourism sectors of cities and provinces. Deputy Director of the department Bui Thi Ngoc Hieu said spaces of the event will be divided into two categories, including for tourism, transportation, service and souvenir suppliers; and for local tourism promotion agencies, representative offices and international tourism organisations. New destinations, local signature tourism products and the latest technologies used in the sector will be introduced to the public, she said. Other notable events as part of the festival include …
[Read more...] about 2021 Ho Chi Minh City Tourism Festival slated for December
FDI inflows at a very slight rise in first 11 months
Total FDI inflows were virtually the same as last year due to a drop in share purchases As of November 20, total FDI inflows into Vietnam were up 0.1 per cent on-year at $26.46 billion, according to the Ministry of Planning and Investment's Foreign Investment Agency, with newly- and additionally-registered capital both rising against the year previous. Specifically, $14.1 billion was poured into 1,577 newly-licensed projects, a decrease of 31.8 per cent in number but a rise of 3.76 per cent in value. Besides this, $8 billion was added into 877 projects currently underway, a decrease of 16.6 per cent in the number of projects and a rise of 26.7 per cent in value. Foreign investors also poured $4.4 billion into share purchase deals, down 33 per cent on-year. The sharp decline in the latter category almost countered increases in the other two sectors, with total FDI inflows only up 0.1 per cent on-year. However, capital disbursement was down 4.2 per cent on-year to $17.1 …
[Read more...] about FDI inflows at a very slight rise in first 11 months