Tokyu, Becamex join forces to develop urban project By Quoc Hung - The Saigon Times Daily HCMC – Japan’s Tokyu Corporation and Vietnam’s Becamex IDC Corp. on Thursday cut a deal in Tokyo to develop manufacturing, urban areas and services in Vietnam. The project is to improve urban quality within the southern province of Binh Duong in particular and in Vietnam in general. Both sides will set up a joint venture to develop a new modern urban and service center of international standards following the signing ceremony of the memorandum of understanding (MOU). Located in Binh Duong New City, the scheme is invested by Becamex as the project owner. Under the MOU, the two sides agreed to establish a research and development (R&D) group responsible for sounding out cooperation and investment opportunities in Vietnam. The local company will help the R&D team to collect information on the locality’s development as well as that in other regions. Furthermore, Binh … [Read more...] about Tokyu, Becamex join forces to develop urban project
Urban project
HCMC inspectors probe resettlement complaints in urban project
Ho Chi Minh City's Inspectorate began Monday to look into the relocation of people whose lands have been taken over for a major urban project following a spate of complaints against officials. The 45-day inspection, approved by the central government last month, would focus on several public agencies, including the city's land and zoning departments, and the people's committees of local wards in Districts 2 and 5. A sketch of the Thu Thiem urban area … [Read more...] about HCMC inspectors probe resettlement complaints in urban project
‘Breakthrough’ incentives proposed for urban project
Ho Chi Minh City is planning to offer a series of 'breakthrough' preferential policies for investors in the city's ambitious US$100 billion new urban town, a local newspaper reported Saturday. The city's Planning and Investment Department has suggested unprecedented promotion policies for the municipal People's Committee governing tax, capital and land in drawing investment to the Thu Thiem new urban area. A new apartment building in the Thu Thiem new urban area … [Read more...] about ‘Breakthrough’ incentives proposed for urban project
PM wants Dong Nai urban project reviewed
PM wants Dong Nai urban project reviewed The Saigon Times Daily HCMC - Prime Minister Nguyen Tan Dung has told the Ministry of Natural Resources and Environment to review the environment impact assessment report for Toan Thinh Phat Company’s urban rehabilitation and development project by the Dong Nai River. The ministry is responsible for assessing the impact of land reclamation on the river, particularly at the section where the project is being developed. Results of the review will be used as a basis for authorities to decide on the fate of the project, VietnamPlus reports. In March this year, the ministry was assigned to work with the ministries of agriculture-rural development, construction and transport, and the government of Dong Nai Province to look into the multi-million-dollar urban project in the face of massive land reclamation work. The Ministry of Natural Resources and Environment established an inter-disciplinary team to check the project site and review the … [Read more...] about PM wants Dong Nai urban project reviewed
Urban projects get stricter sanctions
Urban projects get stricter sanctions (18-02-2008) Director of the HCM City Transport and Public Work Department Tran Quang Phuong discusses measures to expedite the city's transport projects with Tuoi Tre (Youth) newspaper. This year the city continues its development plan with several construction projects underway. However, people are worried that implementing too many projects will lead to traffic jams and water logging in the city. How does the department plan to deal with the problem? Last year, the city undertook out major projects in transport infrastructure and water drainage, all of which will reduce traffic jams as well as contribute to the city's socio-economic development. To ease the burden caused by construction projects, the department is strictly fining investors. For example last year the department collected VND636 million (US$39,745) in fines from 225 violations in a water environment improvement project and VND157 million ($10,000) from the Nhieu Loc-Thi Nghe Canal … [Read more...] about Urban projects get stricter sanctions