The market in new urban areas is set to become more active Photo: Le Toan March has seen a flurry of activity in welcoming quality real estate products in Vietnam. Singaporean group CapitaLand Development, saw all of [email protected] West Lake booked up after being introduced to the market on March 19. The Elysian project developed by Gamuda Land is also reportedly being well observed by buyers due to the prestige of the developer, the good location, and high quality of the project. Domestic groups are also joining the rush. Nam Long Investment JSC said that the business is implementing a series of plans in 2023, in which priority is being given to ventures in large urban areas such as Waterpoint, Mizuki Park, Nam Long Can Tho, Nam Long Dai Phuoc, Akari City, and Izumi City. Meanwhile, Hung Thinh Land introduced the 9X An Suong project in the northwest of Ho Chi Minh City. In the southern province of Binh Duong, Phu Dong Group is about to open for sale an apartment project … [Read more...] about Positive real estate signs march ahead
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HoREA proposes extension of repayment schedules for businesses
On March 26, HoREA sent a document to Prime Minister Pham Minh Chinh to propose some solutions for credit and project transfers to remove difficulties in the real estate market. According to HoREA, Decree No.08/2023/ND-CP has had a positive impact on the confidence of the market and its investors. This is the legal basis to pave the way for a negotiated agreement between the companies that have issued upcoming bonds and the bondholders. The decree, dated March 5, focuses on amending, supplementing, and ceasing the effect of a number of articles in previous decrees on the private placement of corporate bonds and the trading of privately placed corporate bonds on the domestic market, along with the offering of corporate bonds on the international market. These mechanisms and policies will remove the difficulties businesses have issuing bonds that are about to come due and support bondholders, while at the same time creating favourable conditions for the transfer of … [Read more...] about HoREA proposes extension of repayment schedules for businesses
Private sector urged to enter eco-IP arena
The Ministry of Planning and Investment (MPI) is urging a project steering committee to accelerate the transition of traditional industrial parks (IPs) to an ecological model as part of a nationwide eco-IP intervention initiative. Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc said, “The project has contributed to the replication of the eco-IP model in Vietnam, in line with the National Green Growth Strategy for 2021-2030, Vietnam’s commitment to the United Nations’ Sustainable Development Goals, and the net-zero emissions commitment to 2050.” Private sector urged to enter eco-IP arena, illustration photo. Developing eco-IPs is inevitable as many countries are applying the carbon tax mechanism on imported goods, the deputy minister added. “Meanwhile, many tenants in IPs are manufacturers for export, and they need a green certificate to export products. Thus, relevant parties continue to spread technical and financial support to many IPs at different … [Read more...] about Private sector urged to enter eco-IP arena
CPI increases 4.18% in Q1
Illustrative image (Photo: VNA) Hanoi (VNA) - The consumer price index (CPI) in the first quarter of 2023 increased 4.18% year on year, according to the General Statistics Office (GSO) under the Ministry of Planning and Investment. At a press conference on March 29, GSO Director Nguyen Thi Huong cited a number of major factors behind the rise, including the rising price of housing and construction materials (7.17%), which hiked the CPI in the period up by 1.35 percentage points. Meanwhile, a 4.41% increase in the price of food and foodstuff due to high demand during the Lunar New Year festival also caused a rise of 0.94 percentage point of the CPI. At the same time, education service prices surged 10.13% as some localities ended the tuition fee exemption and reduction scheme that aimed to ease people’s difficulties during COVID-19 pandemic. This also led to a 0.62-percentage-point rise in CPI in the period. price s of petrol, gas and post-telecom services. CPI … [Read more...] about CPI increases 4.18% in Q1
Technology critical to Hanoi’s urban flooding solution
Climate change, rapid urbanization and large-scale construction are the main causes of Hanoi's flooding. Technology and innovation are crucial to protecting the capital city from heavy rains and urban flooding, Nguyen Trong Dong, Deputy Chairman of the Hanoi People's Committee, said on March 28. Tran Thai Tong street in Cau Giay District flooded after heavy rain. Photo: Thanh Hai/The Hanoi Times Speaking at the 50th anniversary of the founding of Hanoi Sewerage and Drainage Co. Ltd., he said the company needs to speed up digitalization and improve performance and governance so that Hanoi can handle 50-55% of total sewage by 2025. Dong said the company needs to review all wastewater management criteria and standards to improve its performance. "The company must strengthen its cooperation with city departments and propose possible solutions to improve the city's wastewater treatment capacity," he added. "The company should also develop plans to … [Read more...] about Technology critical to Hanoi’s urban flooding solution
Hanoi determined to preserve its “green lung”
Hanoi is known to have more rivers, lakes, ponds, and lagoons than any other city in Vietnam, acting as natural air conditioners to maintain a balanced ecology or being the city's green lung. The Hanoi People's Committee has recently approved a comprehensive list of 3,164 lakes, ponds and lagoons that are now off-limits to reclamation activities, demonstrating the authorities' unwavering commitment to preserving the capital's greenery and environmental sanctity. Cau Giay Lake in Dich Vong Ward, Cau Giay District. Photo: Pham Hung/The Hanoi Times There are 30 districts and towns on the list. Among them, the inner-city district of Hoan Kiem has the lowest number of protected lakes, with only one, while Quoc Oai District has the highest number of protected water bodies, with an impressive 276 lakes, ponds, and lagoons. Other areas with notable numbers include Cau Giay (29), Dong Da (15), Hoang Mai (40), Long Bien (53), and Son Tay Town (199). Drastic actions … [Read more...] about Hanoi determined to preserve its “green lung”