Urban redevelopment projects

The city’s authorities would continue to create favorable conditions for South Korean companies' projects, including those of Daewoo E&C, especially in culture, education, economy, and trade. Hanoi expects to become the destination for more high-quality FDI projects from Daewoo E&C that are in line with the city’s vision for development. Vice-Chairman of the Hanoi People’s Committee Le Hong Son (R) and Daewoo E&C’s President Jung Won Ju. Photo: Cam Anh Vice-Chairman of the Hanoi People’s Committee Le Hong Son stressed the view in a meeting with Daewoo E&C’s President Jung Won Ju today [June 22]. According to Son, the long-standing presence of Daewoo in Vietnam with its high-quality products and services left a good impression on the Vietnamese people. “Daewoo’s operation has contributed to the transformation of the city, raising living standards, and creating jobs for the locals,” Son said. Son added the city’s authorities would continue … [Read more...] about Hanoi expects high-quality investment projects from Daewoo E&C

DoIC is working with World Bank to host a conference on developing a data strategy for HCMC from 2022-2025 https://data.hochiminhcity.gov.vn . The accessible databases here include electronic version of official documents and information on businesses and household businesses, secured transactions, house use right or land use right registration, hospitals, job certificates, schools and universities, educational services, foreign investment projects, public investment projects, market prices of essential commodities. DoIC is launching a virtual assistant service to aid officials to use these databases effectively for administrative procedure completion. Explaining difficulties arisen during the first development stage of these databases, Deputy Director Trinh shared that some content has not been done owing to negative impacts of the Covid-19 pandemic. However, the civil status database has been finished at the end of 2021, and the 1/2,000 and 1/5,000 geographic foundation … [Read more...] about HCMC completes first phase of developing shared databases

Ring road plan to transform market - Illustrative photo (Source: VNA) The government has asked the National Assembly (NA) to consider and decide on the policy for investing in the ring roads to be located in the country’s two biggest cities. Tran The Anh, sales director of Thang Loi Group, said that the land fund in inner cities is increasingly exhausted and prices are high, with investors turning to suburban real estate. “There is a thirst for houses for those living and working in Ho Chi Minh City in particular,” The Anh said. “The shifting trend of investors and individual financiers is also creating a new vitality for the real estate market in the suburbs.” One of the issues discussed by NA delegates and experts is how to exploit the land fund around the two ring roads, which will soar in value. Already in many places, the price of land in the area has increased dozens of times over. “Because the two routes will open up a vast land fund, the management of auctions of … [Read more...] about Ring road plan to transform market

Deputy Prime Minister Pham Binh Minh (R) receives Chairman of Daewoo E&C Group Jung Won-ju (Photo: VNA) Hanoi (VNA) - The Vietnamese Government is willing to create favourable conditions for foreign enterprises, including those from the Republic of Korea (RoK), to expand investment and business in Vietnam, Deputy Prime Minister Pham Binh Minh told Chairman of Daewoo E&C Group Jung Won-ju. During a reception for Jung on June 22, the Vietnamese leader expressed his belief that the two countries' relations will continue to develop more intensively and substantively in various fields, especially trade and investment. Deputy PM Minh highly valued investment of RoK enterprises in Vietnam, including Daewoo E&C Group. He said that Starlake Tay Ho and Meyhomes Capital Phu Quoc projects invested by the firm have contributed to creating a spacious and modern urban landscape, and improving the value of the Vietnamese people's lives. He expected Daewoo E&C Group to … [Read more...] about Vietnam welcomes RoK firms’ investment expansion: Deputy PM

The main goal is for Hanoi to achieve the highest possible disbursement rate during the last six months of 2022, with the city continues focusing on addressing the concerns of districts and wards in public investment. Hanoi’s authorities identify the realization of the public investment target in 2022 as a key priority for socio-economic development, according to Director of the Hanoi’s Department of Planning and Investment Do Anh Tuan. A corner of Hanoi. Photo: Pham Hung/ The Hanoi Times In 2022, Hanoi allocated a total of over VND51 trillion (US$2.2 billion) in public investment, of which VND34 trillion ($1.46 billion) are for city-level projects and VND16 trillion ($688 million) for district-level ones. An estimate of VND10.2 trillion ($443.2 million) would be assigned to rural and urban districts for developing their respective infrastructure projects, including the construction of new schools, upgrading healthcare facilities, and preserving historical … [Read more...] about Hanoi identifies public investment central to economic recovery

Infrastructure Asia could support Hanoi in the search for consultants and partners in urban development, as well as in accessing capital from financial institutions. Infrastructure Asia seeks to strengthen cooperation with localities in Vietnam, including Hanoi, in addressing urban issues of water provision, wastewater treatment, logistics, and energy development. Overview of the meeting. Photo: Lien Ha Lavan Thiru, Executive Director of Infrastructure Asia - a project facilitation office set up by Enterprise Singapore and the Monetary Authority of Singapore - stressed the view in a meeting with Standing Vice Chairman of the Hanoi People's Committee Le Hong Son on June 23 in Hanoi. At the meeting, Lavan Thiru made a brief presentation on the role of Infrastructure Asia, emphasizing that it is an entity established by the Singapore government which supports Asia's social and economic growth through infrastructure development. In this regard, Infrastructure … [Read more...] about Singapore’s Infrastructure Asia seeks cooperation with Hanoi

The first Southeast Asian outdoor astronomy park located in Hanoi is nearing completion after five years of construction. Located in Duong Noi urban area in Ha Dong District, Hanoi, Astronomy Park is an outdoor public project for outer space lovers. The Astronomy Park in Hanoi was designed and constructed by Malaysia-based EGO Group. As its concept design is based on the idea of simulating the process of shaping the universe billions of years ago, the park reproduces the Big Bang and the formation of planets in the solar system. The construction of the first outdoor astronomy park in Southeast Asia started on July 4, 2017. The park area is 120.000 sqm, of which 6.000 sqm is the water surface area of the Bach Hop Thuy Lake. The Astronomy Park features the Zodiac Square, Milky Way Garden, Solar System Square, Moonlight Bridge, UFO Playground, Alien Square, Black Hole Pool, Light Fountain, among others. Photo: … [Read more...] about Exploring first astronomy park in Southeast Asia

HCM City has decided to shorten the process of licensing social housing projects. — VNA/VNS Photo HCM CITY — HCM City has decided to shorten the process of licensing social housing projects from 500 days to 133 if developers use private lands and 217 days if they use unencumbered public land they have to bid for. The People's Committee met several times every week to discuss the problems plaguing housing projects, its chairman, Phan Văn Mãi, said. “The guidelines for investment procedures to build accommodation for workers will be issued by July 15 at the latest. Detailed information will be sent to the people's committees of districts and management boards of export processing zones and industrial zones in HCM City.” With regard to investment and renovation of old apartments, he admitted there were a number of problems from determining financial obligations and choosing investors and meeting residents. Discussions with the Ministry of Construction have helped resolve some … [Read more...] about HCM City abridges social housing investment process

The bridge to be built on the Red River could become another icon of the capital city. The Hanoi's authority has sorted out the final design of the Tran Hung Dao Bridge spanning the Red River in Hanoi. The final design of Tran Hung Dao Bridge is a combination of ancient and modern Hanoi. Photos: the organizer Accordingly, Tran Hung Dao Bridge will be a six-span arched truss bridge. Its curved lines resemble running waves. With a total length of about 5.5km, the bridge will connect the districts of Hoan Kiem and Hai Ba Trung with Long Bien District on the north bank of the Red River. The bridge’s design won the first prize in a design contest held by the city’s Transport Construction Investment Project Management Board and the Vietnam Association of Architects last October. The bridge designer said that Tran Hung Dao Bridge will represent a combination of ancient and modern capital city on the two sides of the Red River, featuring curving waves of the … [Read more...] about Hanoi selects final design of Tran Hung Dao Bridge

In late March, Japan’s Sumitomo Corporation and local BRG Group worked with Danang’s leaders to discuss projects both groups want to deploy in the city. In 2020, Chairman of Danang People’s Committee Le Trung Chinh handed over MoUs on investment cooperation to Sumitomo Corporation and BRG Group to promote investment in a wide range of urban and infrastructure development projects in Danang. According to BRG chairwoman Nguyen Thi Nga, Danang has the full potential for a leading global player like Sumitomo to weigh over opportunities for investment and business expansion. “The board of directors at Sumitomo is solid with their investment orientation in Danang as they have sent several working groups to the city to shape an iconic regional-level project in Danang,” said Nga. Beyond Japanese groups, international investors from various other countries have expressed the desire to make forays into Danang. In a meeting with the city’s management at the end of April, Park In Sung, … [Read more...] about Danang becoming focal point in Central Vietnam investment