A new urban area, South of the Can Tho River, is undergoing massive reconstruction, which will reshape the area. Among the projects, 26 construction projects have received planning permission, 12 are under construction and five are almost completed. Nguyen Thanh Son, vice chairman of the Can Tho People's Committee, has urged project investors to allocate 10 per cent of the total land area for resettlement. "We plan to build long-term resettlement areas for residents, as compensation for moving away from project sites," Son told the Vietnam News Agency. He explained that previous resettlement areas only provided temporary living areas and limited infrastructure. Vo Van Bao, director of the Can Tho Branch of Hoang Quan Real Estate Ltd Co, said his company had invested in two projects in the South Can Tho urban area since 2003. "We contributed 30 per cent of the capital, local investors provided the rest," said Bao, "When the local investors have completed the public infrastructure, like … [Read more...] about Can Tho urban area takes shape
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Can Tho property developers grumble about red tape
Acceptance for the completion of the project on a residential area in Can Tho required 3,000 official stamps and signatures each, executives from the affected company complained at a seminar held in the city last Saturday. They had to go to a dozen agencies for approval for the completion of Hung Phu Residential Project, they said at the seminar titled "Impediments to investors in real estate projects" held by the Can Tho City Real Estate Association and attended by senior city officials. Another property developer said land had to be handed over to an investor within 10 days after the land allocation decision is made by local authorities, but in some cases it had taken four years. Some developers complained about the constant changes in policies that caused a lot of difficulties in implementing their projects, the complicated regulations on land rental and use fees, and cumbersome administrative procedures. Many wanted bank lending interest rates lowered. They urged the city … [Read more...] about Can Tho property developers grumble about red tape
TEDI South submits plans on HCMC-Can Tho railway
TEDI South submits plans on HCMC-Can Tho railway Quang Chung and Le Anh By Quang Chung and Le Anh - The Saigon Times Daily HCMC – The transport consulting firm TEDI South has just announced two plans on building the HCMC-Can Tho railway project, both following the phased development to be tuned to the real demand in different period. But experts doubt the viability of the project. The railway project, advocated for by the Ministry of Transport, will comprise both cargo and passengers terminals, and will stretch some 174km to link HCMC with the hub of the Mekong Delta. The cargo terminal is proposed by TEDI South to be built in Di An Town in Binh Duong Province while the passenger terminal will be placed in HCMC’s Binh Chanh District. In the first plan, the consultant suggested to build a 84.37km double-track line in the first stage linking Di An with My Tho in Tien Giang Province that should be ready for use in 2020. After 2030, when the demand goes up, the line will … [Read more...] about TEDI South submits plans on HCMC-Can Tho railway
Investment of $3 bil. pledged for Can Tho
Domestic and foreign investors pledged to invest nearly US $3 billion in the southern city of Can Tho after attending an investment promotion conference in the city on August 27-28. Can Tho is upgrading its infrastructure to lure more investors A large part of the committed sum will be poured into real estates and tourism. The city has recently lured 51 foreign-invested projects with the total registered capital of US $689 million. The conference, attracting 167 domestic and foreign investors, is one of various events hosted by the city in order to provide investors with necessary information, said Mr. Tran Tuan Anh, Vice Chairman of the municipal People's Committee He added that Can Tho is upgrading its infrastructure, especially air transport, to lure more investors./. … [Read more...] about Investment of $3 bil. pledged for Can Tho
“I am a student 2013” festival to open in Can Tho
PANO - The Military-run Telecom Corporation (Viettel) will hold the festival, "I am a student 2013" on October 26th at Military Zone 9's Stadium in Binh Thuy district, Can Tho City. The event aims to honour top students in the 2013 university entrance exams and needy students with outstanding academic records in Can Tho City. Accordingly, Viettel will present 20 scholarships worth VND 10 million to these students and name 2 excellent students of technology and economics to be enrolled by the corporation after their graduation. Also on this occasion, students will have the chance to meet and exchange with several music stars. The event is part of Viettel's "I am a student 2013" series, taking place across Vietnam. Translated by Tuan Anh … [Read more...] about “I am a student 2013” festival to open in Can Tho