PPP – solution for Ho Chi Minh City – Moc Bai Expressway Mounting traffic pressures Currently, National Highway 22 is the only way connecting Ho Chi Minh City and Moc Bai Border Gate, the international gateway to the ASEAN, while traffic flows grow by 8-10 per cent per annum. National Highway 22 is predicted to be overloaded in the next few years, especially as the trans-Asia route connecting Vietnam, Cambodia, and Thailand is finished. The Second Project Management Unit (PMU2) has just proposed the Ministry of Transport (MoT) to approve the pre-feasibility study for the Ho Chi Minh City-Moc Bai Expressway project. “It is time to invest and build a high transportation capacity expressway connecting Ho Chi Minh City and Moc Bai Border Gate to ease traffic flows on National Highway 22 and shorten travel time,” said Le Thang, deputy general director of PMU2. As proposed, the 53.5km Ho Chi Minh City-Moc Bai Expressway project starts at the intersection of … [Read more...] about PPP – solution for Ho Chi Minh City – Moc Bai Expressway
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Ho Chi Minh City named among Asia’s most enterprising cities
The Hanoitimes - Ho Chi Minh City is present on the list of Asia’s most enterprising cities and is home to large clusters of services, engineering, finance and retail firms, and strong creative industries, according to JLL, a leading firm that specializes in real estate and investment management. Ho Chi Minh City is pulling in increasing amounts of investment from large multi-national technology corporations, including Microsoft, LG, Intel and, most notably, Samsung. It’s also the base of Vietnam’s only tech unicorn - the VNG Corporation. Ho Chi Minh City. It is also undergoing rapid real estate development amid increasing demand for office, retail and hotel space, with a new metro system also under construction. Vincom Landmark 81, the tallest building in the city as well as Vietnam, is due to open later this year, while the Thu Thiem New Urban Area, a 657-ha site east of the Saigon River, is earmarked to be the new financial district. Ho Chi Minh City … [Read more...] about Ho Chi Minh City named among Asia’s most enterprising cities
Ho Chi Minh City prioritises luring FDI in urban development
Ho Chi Minh City is paying attention to attract new-generation FDI - Illustrative image (Source: VNA) HCM City (VNA) – Ho Chi Minh City is giving the priority to luring new-generation foreign direct invest (FDI) in the fields of high technology and urban development, along with FDI attraction in the four main industries and two traditional sectors. According to Su Ngoc Anh, Director of the municipal Department of Planning, if the city attracted only 3.46 billion USD in 2016, the figure rose to 6.6 billion USD in 2017, a year-on-year increase of more than 90 percent, and 1.55 billion USD in the first four months of this year. This is an encouraging result for the city’s economic development, Anh said, adding that the city’s proportion in the nation’s FDI attraction increased from 13 percent in 2016 to 18.4 percent last year. The city is exerting efforts to call for investment in 190 projects, focusing on the development of smart and innovative urban areas. … [Read more...] about Ho Chi Minh City prioritises luring FDI in urban development
Ho Chi Minh city: A place of sentiment
Over 40 years after national reunification, Ho Chi Minh city has also led the country in pervading sentiment, from daily voluntary activities to national level humanitarian programs.A walk to raise funds for Agent Orange victims and poor disabled people, organized by the city Red Cross, attracted over 7,000 participants.Volunteer Tran Hoang assists a sight-impaired elderly man cross the road safely.The very elderly are cared for by monks and Buddhist followers at Lam Quang Pagoda in district 8.A wedding ceremony is held for 100 couples of disabled people and disadvantaged workers.The city’s residents donate to assist natural disaster-affected people in the northwest.An iced tea pot provides free water to those who are in need. BTA (Photos: SGGP) … [Read more...] about Ho Chi Minh city: A place of sentiment
Ho Chi Minh City to remove ten ports along Saigon River, replaced by high rise buildings
According to the Ministry of Transport, to facilitate urbanisation, ten ports located along the Saigon River will be removed. Ho Chi Minh City to remove 10 ports along the Saigon River The affected ports are Ba Son Shipping Plant, Nha Rong-Khanh Hoi Port, Tan Thuan 2, Bong Sen, special port for vegetables, Bien Dong Port, Tan Thuan Dong Port, Ben Nghe Port, Logistic Development JSC, and ELF Saigon. Tan Thuan Port, which is located at District 7, will be moved to Hiep Phuoc of Nha Be district in order to provide land area to build the fourth Thu Thiem Bridge. Hiep Phuoc Port will become the main port of Ho Chi Minh City after 2020. The port can receive 4,000 tonne ships and serve neighbouring industrial clusters. Nha Rong-Khanh Hoi port will be removed before December 31 this year. The land plot will be given to Fareast Pearl Urban Development Company to raise a multifunctional complex of high-rise buildings, trading centre, apartments, villas, primary and secondary schools, … [Read more...] about Ho Chi Minh City to remove ten ports along Saigon River, replaced by high rise buildings