The real estate market is expected to gain momentum in 2019 thanks to the heat from several billion-USD property projects that received investment certificates in previous years.
A graphic image of a mega
smart city project that spans 272 hectares in Dong Anh district, Hanoi (Photo:
cafef.vn)
One of the biggest projects
is the construction of a mega smart city spanning 272 hectares in Hai Boi
commune, Dong Anh district, Hanoi, with total investment of nearly 4.2 billion
USD. Its investors - Vietnamese BRG Group and Japanese-based trading company
Sumitomo - aim to build it into the largest smart urban area in the Southeast
Asia.
The investors proposed establishing five companies to execute five component
projects, which are scheduled to start this year and be completed in 2030.
In the first phase, the Sumitomo-BRG joint venture will pour over 1 billion USD
into facilities on an area of over 73 hectares.
Once completed, the smart city is expected to bring great impacts on the real
estate market in Hanoi.
In the northeast province of Quang Ninh, the Vision Transportation Group (VTG),
Hai Dang JSC, and Sunny World Property Development Corp Businesses proposed
three large-scale projects with total investment amounting to 10-15 billion
USD, in Van Don island, which is targeted to become a special economic zone.
Those include a high-speed railway route linking Mong Cai and Van Don, the Hon
Net - Con Ong complex of seaport, industrial and urban areas, and the urban
complex in the north of Cai Bau island.
The proposed Van Don - Mong Cai railway will have a length of 100km, connecting
Mong Cai border gate with Van Don special economic zone, with the central
station located at the North Cai Bau urban complex. It will be used for
passengers and improve transportation.
Meanwhile, the Hon Net - Con Ong seaport project, worth 1.2 billion USD, will
span a total area of 500ha. The construction of the port system would be done
in phases. In the first stage, a wharf with length at 350 – 400 meters will be
developed to accommodate the 150,000 DWT (Deadweight Tonnage) vessels.
The urban complex in the north of Cai Bau island will include a residential
area and shopping and service areas on 5,000 ha of land. It will be connected
to Van Don Airport and the railway route and the Van Don Heritage road in the
southern part of the island.
Meanwhile, Banyan Tree Holdings Limited received permission to double its
investment in Laguna Lang Co resort complex in Thua Thien-Hue province in April
2018. Accordingly, the firm would increase its charter capital from 175 million
USD to 300 million USD and its investment capital from 875 million USD to 2
billion USD to add casino business and other facilities.
The project has put into use the Angsana Lang Co hotel with 229 rooms and a
golf course with total investment of 230 million USD. Nearly 300 million USD is
being poured into a five-star hotel, 50 retail shops, and 249 villas.
Source: VNA
After the Lunar New Year (Tet) holidays, trade union members and workers in Hoa Binh province returned to work with an excited spirit at the beginning of the new spring. Throughout the workshops, factories and enterprises, they were full of enthusiasm, immediately getting to work, striving to excellently complete tasks and production and business targets.
Red grapefruit is a native crop of Tan Lac district, where the fertile soil and favourable climate create ideal conditions for its growth. With over 80% of the area being mountainous, at an altitude of 300-400 metres above sea level, red grapefruits here thrive on well-drained, fertile hillside soil. The region’s large temperature variation between day and night enhances the fruit's nutrient absorption. The local cultivation techniques also contribute to its uniqueness
The provincial business association recently convened a conference to review its 2024 operations and outline plans for 2025. The meeting was attended by Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Duc Hinh along with leaders from various departments and agencies.
Hoa Binh province is prioritising rural transportation infrastructure to improve mobility, facilitate trade, and boost socio-economic development.
The Minister of Agriculture and Rural Development has just issued Decision No. 377/QD-BNN-VPĐP approving the results of the evaluation and classification of the products of the National One Commune One Product Program in 2024 (phase 3).
As the Lunar New Year (Tet) approaches, the market becomes more vibrant than ever. In Hoa Binh province, preparations for Tet have been bustling since the 20th of the last lunar month, with an abundant supply of goods to meet the growing consumer demand.
