Sustainable real estate development

Hanoi (VNA) – The Vietnamese real estate market at all segments continues showing its appeal to foreign investors, and hundreds of millions of USD are waiting to be poured into the market, according to a research conducted by property and investment management services firm Jones Lang LaSalle (JLL). Particularly, investors from Japan, the Republic of Korea, Singapore, and an increasing number of investors from China, are showing their interest in the affordable housing segment in the Southeast Asian country. JLL’s recent figures revealed that the total supply of apartments in Ho Chi Minh City and Hanoi reached 201,707 and 224,179 units, respectively, as of the end of Quarter 4 in 2019, equal to a rate of 17 apartments per 1,000 people. As the rate is really low, the focus should be channeled into the mass housing market where there is real demand. In the next two decades, Vietnam will enter the demographic golden period with 25 percent of the population aged between 10 … [Read more...] about Hundreds of millions of USD await to enter Vietnam’s realty market

Three bank stocks were also among those that closed in the red this session. Stocks of state-owned lenders VCB of Vietcombank and MBB of Military Bank fell 0.6 percent and 0.7 percent respectively, while EIB of private mid-sized lender Eximbank dropped 0.3 percent. … [Read more...] about VN-Index rises in last session before Tet break

Hanoi (VNA) - By 2030, the northern province of Bac Giang will become an industrial province with the GRDP ranked among 15 leading provinces and cities nationwide. Deputy Prime Minister Trinh Dinh Dung signed Decision No. 139/QD-TTg approving the Bac Giang master plan for 2021-2030, with a vision towards 2050. The plan aims to uphold all potential, advantages, resources and human factors to develop the province fast, comprehensively and sustainably. By 2050, the province will turn into an industrial province of modern, comprehensive and sustainable development. The plan heads to sustainable development in line with environmental protection, natural calamity prevention and responding to climate change, which is suitable with the context of international integration and commitments in bilateral and multi-lateral conventions Vietnam has joined. It also pays attention to ensuring social equality and affairs, focusing on the development of disadvantaged areas as well as … [Read more...] about Bac Giang master plan towards 2050 ratified

In 2017, some investors wanted to build a cable car system in Phong Nha-Ke Bang National Park in Quang Binh province to attract more tourists to Vietnam. But the project was rejected. People feared that the cable car project would affect the environment. … [Read more...] about Quang Binh says ‘no’ to cable car in heritage sites

Speaking at a meeting on March 7, the PM highlighted that the summits are among the three largest multilateral events to be held in Vietnam this year as they offer opportunities to State leaders to discuss measures to boost trade and investment and ensure security and sustainable use of the Mekong water resources. Meticulous preparations for the events are significant to affirm Vietnam’s increasing role and prestige in the region, he said, emphasising media work to raise public awareness of the importance of cooperation in the GMS and the Cambodia-Laos-Vietnam Development Triangle.  The GMS cooperation was initiated in 1992, encompassing Cambodia, Laos, Myanmar, Thailand, Vietnam, and China’s provinces of Guangxi and Yunnan. Over the years, the cooperation has been expanded to cover various fields with the aim of making it easy for cooperation for development among the members. Meanwhile, the CLV Development Triangle cooperation was set up in 1999 to spur the … [Read more...] about PM orders meticulous preparation for GMS, CLV summits