Large-scale projects outgrow small valley locations
ProjectsNumerous large-scale luxury apartment projects being implemented in Hanoi’s small valleys have put pressure on social and traffic infrastructure.
The Coast Villas in Phu Quoc officially on sale
ProjectsOn August 14, developer Nam Anh Real Estate Consultancy and Investment Corporation officially launched 153 vacation villas and 25 commercial shop houses in The Coast Villas in Phu Quoc.
Nghi Son refinery might prove costly endeavour to investor and state
InvestmentThe newest report released by the State Budget Department under the Ministry of Finance shows that the Nghi Son refinery and petrochemical complex’s 2017 start of operation will dent a hole in both investor PetroVietnam’s finances and the state budget.
Vietnam may reject $4 billion US proposed development
InvestmentThe $4 billion project in Thu Thiem New Urban Area proposed by Steelman Partners, Cantor Fitzgerald, and Weidner Resorts, along with Vietnamese company Imex Pan-Pacific Co. Ltd. (IPP) is likely going to be rejected because it does not satisfy the previously approved planning for the area.
Regent teams up with BIM Group for first project in Vietnam
ProjectsTaiwan-based international luxury hotel operator Regent is going to take the first step in Vietnam with the Phu Quoc Marina project developed by BIM Group.
FDI records misleading at best, meaningless at worst
MarketOnly three of the billion dollar projects that Vietnam licensed in 2008, the peak of the country in terms of foreign direct investment (FDI) attraction, have been implemented to some degree to date.
Sapphire drops Sanctuary Ho Tram to focus on core lines
InvestmentVietnamese property developer Sapphire JSC (Sapphire), a subsidiary of Australian Sakkara Group, will let go of its entire 51 per cent holding in Sanctuary Ho Tram, to focus its core operations.
Berjaya’s $3.5 billion project in second city faces possible revocation
ProjectsThe Ho Chi Minh City People’s Committee has just requested the city’s Department of Planning and Investment to review Berjaya Corporation Bhd.’s Vietnam International University Township (VIUT) project in the northwest urban area.
Controversial Hong Kong resort relocated
ProjectsWorld Shine-Hue International Resort, which was delayed in construction due to protests from residents, will be relocated to a new site and renamed Minh Vien-Lang Co. International Resort project.
Australian firm eyes degraded apartment blocks in Ho Chi Minh City
InvestmentAustralian property developer Sakkara Group expressed interest in renovating old and degraded apartment blocks in Ho Chi Minh City to acquire the potential land bank gained from these blocks.
