Ex-Danang leaders slapped long jail terms for illegal land transfers
PolicyFormer chairman of Danang City Tran Van Minh and his successor, Van Huu Chien, were sentenced to jail terms of 17 and 12 years, respectively, for their involvement in the acquisition of public land by Phan Van Anh Vu.
Real estate bubble burst unlikely in 2020: ministry
MarketThe local estate market will not see a bubble burst this year, and a land price upsurge is expected in planned special economic zones and new urban areas, the Ministry of Construction told a press briefing on January 2.
PM approves IT park establishment in Danang
PolicyThe prime minister has just signed a decision approving the establishment of an information technology park in Danang City, which is expected to be modeled after the United States’ Silicon Valley.
Binh Chanh demolishes illegal resort project
PolicyThe government of Tan Quy Tay Commune and the relevant agencies of Binh Chanh District in HCMC on January 7 started undoing construction work on the illegal Gia Trang Tram Chim Resort project, per Thanh Nien newspaper.
Gov’t inspectors to announce boundaries of Thu Thiem urban project before Tet
PolicyThe Government Inspectorate will announce the revised zoning boundaries of five adjacent quarters affected by the controversial Thu Thiem New Urban Area project in District 2, HCMC, ahead of the upcoming Lunar New Year.
Ho Chi Minh City considers fifth metro line project
PolicyThe transport authority of HCMC has proposed the use of ODA loans to develop the first phase of the city’s fifth metro line. Meanwhile, the first and second metro line projects are still facing delays.
Land prices set far higher
MarketMany localities have raised their land prices by up to 70%, while on the national scale the Government is expected to issue a new price framework, driving up prices by 30%.
U.S. firms help HCMC resolve urban issues: AmCham
PolicyThe U.S. business community will help HCMC tackle pressing urban issues, especially transport infrastructure and waste treatment, according to Amanda Rasmussen, chairwoman of the American Chamber of Commerce in Vietnam.
Apartment supplies to drop by 25%
MarketThe number of apartments eligible for sale in Ho Chi Minh City and Hanoi is estimated to fall 25% this year, reaching 43,000 units, according to a report by property platform batdongsan.com.vn.
First Ryan’s Grocery store opens in Ho Chi Minh City
MarketLeading Singapore-based boutique grocery and butcher brand Ryan’s Grocery officially inaugurated on December 7 its first organic food store in Vietnam at 200 Pasteur, Ward 6, District 3.
