Vietnam Today
Construction of Da Nang’s Lien Chieu Container Terminal starts
The designed capacity of the port in the central city is 5.7 million TEU per year.
Investment
Da Nang eyes logistics development cooperation with Malaysia
Authorities of central Da Nang city have visited Malaysia’s Tanjung Pelepas Port, one of Southeast Asia’s largest container transshipment hubs.
Investment
Can Tho unveils 4 new social housing projects with nearly 3,600 units
These projects have already received approved detailed planning and are part of the Mekong Delta city’s portfolio to invite independent social housing investment.
Savills & YSL Group to cooperate in Vinh Phuc industrial park project
Savills Vietnam and the YSL Group have signed an agreement on the Nam Binh Xuyen Green Park project in northern Vinh Phuc province. The industrial park project has an area of 295 ha and will come into operation in the second quarter of 2023. It is expected to attract investors in high value-added fields such as electronic components and data centers, bringing a smart and modern ecosystem.
Bac Giang establishes Yen Lu Industrial Park
The Bac Giang Provincial People’s Committee has decided to establish the Yen Lu Industrial Park, on an area of 377 ha. The investor is the Capella Land JSC, with total investment of nearly VND2.7 trillion ($117.9 million). Bac Giang has eight industrial parks for manufacturing and processing electronic components.
Apartment purchases in Hanoi and HCMC falling
Information on the sale of houses, land plots, and apartments in December increased 7 per cent compared to November, while information on buying and selling was down 3 per cent. In Hanoi and Ho Chi Minh City, new supply and apartment transactions in 2021 were the lowest for five years. However, Cushman and Wakefield Vietnam has forecast that the apartment market in the two cities will be vibrant again this year.
Hanoi collects $480mln from land use auctions in 2021
The Hanoi Department of Natural Resources and Environment conducted auctions of land use rights during 2021 that collected VND10.8 trillion ($477.19 million), or 85 per cent of the plan. Land use fee collections stood at VND11.05 trillion ($485.01 million), or 53.4 per cent of the plan.
Hanoi seeing shortage of handed-over new apartments
Many people rushed to buy real estate in Hanoi as soon as social distancing measures were eased, especially apartments in suburbs and newly-planned areas. The market is heating up daily, but while the number of transactions continually increases there is a shortage of new apartments, especially those handed over, and prices heading ever upwards offer homebuyers fewer choices.
HCMC to knock down and replace old apartment blocks
There are currently 474 old apartment buildings in Ho Chi Minh City in need of renovation, of which 237 Grade-D (Dangerous) buildings cannot be renovated and must be demolished. The city plans to demolish 14 Grade-D apartments this year and build new blocks.