By 2020, some 200km to 250km of main roads, drainage works, and concentrated waste water treatment with a capacity of 13,000m3/day to 14,000 m3/day, and other technical and social infrastructure for resettlement sites will be built in 16 coastal economic zones. — Photo baoquangninh.com.vn Prime Minister Nguyen Xuan Phuc has given the green light for infrastructure development worth up to VND21 trillion (US$921 million) for economic zones and industrial parks in the 2016-2020 period. The programme aims to develop comprehensive technical and social infrastructure for these areas, which will lay the foundation and create favourable conditions for calling and promoting large-scale investment projects. The plan comprises five components, including infrastructure investment for coastal economic zones, border gate economic zones, industrial parks and industrial clusters, hi-tech parks, and hi-tech agriculture zones. The total cost is estimated to be some VND21 trillion, of which the … [Read more...] about PM approves infrastructure investment for economic zones
Investing
German company invests in two solar power projects in Hau Giang
Illustrative image (Source: VNA) Hau Giang (VNA) – BS Heidelberg Solar GmbH of Germany said it plans to invest in two solar power projects in Vietnam’s southern province of Hau Giang, namely Hau Giang I and Hau Giang II. A memorandum of understanding on the investment was signed by the company and the Hau Giang People’s Committee on April 2. Covering 50ha in Hoa An commune, Phung Hiep district, Hau Giang I will have a capacity of over 40MWP and cost 50 million USD. Meanwhile, Hau Giang II is expected to be based at the Nhon Nghia A Industrial Cluster in Chau Thanh A district. The 200-ha plant has a designed capacity of more than 170 MWp, with a total investment of 200 million USD. Construction of the two plants is scheduled to begin in December 2018 and end in June 2019. Rodny Scherzer, a member of the Board of Directors of BS Heidelberg Solar GmbH, said Hau Giang has favourable natural conditions for solar power projects. The projects are important … [Read more...] about German company invests in two solar power projects in Hau Giang
French AccorHotels becomes main operator of Sun Group invested resort
On April 1, Sun Group and France-based hotel group AccorHotels officially inaugurated the five-star Premier Village Phu Quoc Resort in the southern island of Phu Quoc. The French-operated resort was designed with ocean-view two-storey villas Perched on Mui Ong Doi, Premier Village Phu Quoc Resort was designed with 227 ocean-view two-storey villas. Only 30 minutes from the international airport of Phu Quoc, the resort promises extraordinary hospitality experiences to its visitors. The resort is surrounded by a sea cliff and white strips of sand, offering romantic moments in a secluded area. Infinity swimming pools placing visitors in the embrace of the raw natural scenery Dang Minh Truong, CEO of Sun Group, noted that, “With the launching of Premier Village Phu Quoc Resort, Sun Group expects to successfully develop Premier Village as the first chain of international resorts in Vietnam. Thanks to its unique location and outstanding interior design, Premier … [Read more...] about French AccorHotels becomes main operator of Sun Group invested resort
PM approves $921m infrastructure investment for economic, industrial zones
Prime Minister Nguyen Xuan Phuc has given the green light for infrastructure development worth up to VND21 trillion (US$921 million) for economic zones and industrial parks in the 2016-2020 period. By 2020, some 200km to 250km of main roads, drainage works, and concentrated waste water treatment with a capacity of 13,000m3/day to 14,000 m3/day, and other technical and social infrastructure for resettlement sites will be built in 16 coastal economic zones. - Photo baoquangninh.com.vn The programme aims to develop comprehensive technical and social infrastructure for these areas, which will lay the foundation and create favourable conditions for calling and promoting large-scale investment projects. The plan comprises five components, including infrastructure investment for coastal economic zones, border gate economic zones, industrial parks and industrial clusters, hi-tech parks, and hi-tech agriculture zones. The total cost is estimated to be some VND21 trillion, of which the … [Read more...] about PM approves $921m infrastructure investment for economic, industrial zones
Real estate lures most investment in first quarter
Real estate lures most investment in first quarter (Source: VNA) HCM City (VNA) – Real estate lured investment of 79.2 trillion VND (3.48 billion USD) in the first quarter this year, accounting for 28.4 percent of total registered capital in the period, the highest of all sectors, the Ministry of Planning and Investment reported. The sector recorded 1,226 firms new firms, a year-on-year increase of 32 percent. According to the State Bank of Vietnam, by 2017, the total outstanding loans in real estate exceeded 471 trillion VND (20.72 billion USD), mostly for projects in urban zone construction and housing development, house repairing and business activities. The credit package for real estate-related business activities and construction projects climbed 12.2 percent in 2017, up 12.2 percent year on year, 15.8 percent of the year’s total credit. The real estate market saw positive changes in all segments in 2017. In Hanoi and HCM City alone, there were 64,263 successful … [Read more...] about Real estate lures most investment in first quarter