Myanmar will ask china to downsize project

After reaching a consensus with the People’s Committee of Tay Ninh Province, the HCM City People’s Committee has petitioned the PM and Ministry of Transport for permission to call for investment for the HCM City-Moc Bai Expressway project. The HCM City – Moc Bai Expressway is expected to improve economic development in Tay Ninh Province. — Photo tphcm.chinhphu.vn The expressway, which will be nearly 53.5 kilometres long, will link Ring Road No 3 in HCM City’s Hoc Mon District with Moc Bai, an international border gate between Vietnam and Cambodia in the southeastern province of Tay Ninh. The expressway project will be divided into two investment phases under Public-Private Partnership and Build-Operate-Transfer models, according to a statement from the HCM City People’s Committee issued earlier this week. In the first phase, the entire expressway will be built with four lanes. The total capital for the phase is expected to be nearly … [Read more...] about HCM City seeks investment for HCM City-Moc Bai Expressway project

Home prices saw the steepest increase ever in early 2019 before the gains were trimmed by weakened sentiment and falling sales in the second half of the yearOffice rents peaked in Q1 and have since fallen over the course of 2019The retail sector was hardest hit by the social unrest which stifled any hope of a rebound in retail rents for core submarketsThe volume of major property transactions shrank to a 10-year low alongside the decline in commercial real estate rentsThe leasing and investment outlook across all sectors in 2020 is set to remain subdued as US-China trade tensions and local social unrest continue to weigh on sentiment.HONG KONG, CHINA - Media OutReach - 10 December 2019 - The Hong Kong property market has borne witness to the city's turmoil in 2019. Home prices experienced their steepest increase in the first half of 2019 but have seen those gains trimmed in recent months in the face of the growing social unrest. The ongoing trade tensions and … [Read more...] about Hit by Double Woes, Hong Kong Property Market Heads for an Uncertain 2020

Vinh Phuc has planned to develop a total of 50 industrial parks and clusters, covering a total area of ​​more than 5,890ha. — Photo banqlkcn.vinhphuc.gov.vn The northern province of Vinh Phuc has become popular among domestic and foreign investors thanks to its breakthrough on socio-economic development, favourable location, young population and abundant labour force and a high proportion of trained workers. Located close to Ha Noi, Vinh Phuc has to date attracted 752 domestically-invested projects with a total registered capital of more than VND78 trillion (US$3.34 billion). It has also lured 378 foreign-financed projects worth more than $5 billion. These impressive results are attributable to the province’s endless efforts to improve its investment climate and to facilitate investors to solve challenges to implement their projects in a timely manner. In the past, the province has always ranked high on the Provincial Competitive Index (PCI) which has been … [Read more...] about Vinh Phuc emerges as an attractive investment destination

Police in the north-central province of Thanh Hoa on Monday announced they had arrested a woman accused of fraud after she set up fake Facebook accounts posing as a seafood dealer to scam multiple victims. The police bureau of Sam Son District in Thanh Hoa said they launched an investigation into the alleged fraud following a report by a female victim against Nguyen Thi Thu Thuong, 32, who lives in the northern province of Quang Ninh. According to the victim’s allegation, she ordered 1.4 metric tons of pilot fish through a Facebook account named ‘Trang Pham’ for VND168 million (US$7,250). The account owner demanded that she make a down payment of VND60 million ($2,600), but she never received her ordered fish nor was she able to contact the account after making the deposit via bank transfer. Thuong has admitted to creating two Facebook accounts, namely Trang Pham and Nguyen Gioi, to join seafood trading groups on the social network, posing as a seafood dealer. … [Read more...] about Vietnam woman fishes for victims with fake seafood sale on Facebook

Phu My Hung hands over the first phase of the Saigon South Residence to customers. – Photo Courtesy Phu My Hung Corporation Saigon South Residence (SSR), developed by Phu My Hung Development Corporation in Nha Be District in HCM City, has been handed over after over three years of construction. The developer said that 962 apartments in the first phase were handed over. SSR is the first project that Phu My Hung has developed outside the Phu My Hung City Centre in District 7 of HCM City, aiming to bring a high-quality living environment with full amenities to more customers in HCM City. The project contains six blocks with 1,840 apartments with 2-3 bedrooms whose size ranges from 60sq.m to 97sq.m, and 37 shops. Customers have been satisfied with their housing as the quality is as good as the commitment of the investors. Since the beginning of this year, Phu My Hung Development Corporation has completed construction of more than 1,730 housing units for their customers. They are … [Read more...] about SSR been hands over apartments after three years of construction