ICC-Kajima Development Co. aims to build on the success of its founders and their impressive track record Indochina Capital and Kajima Corporation are equal partners in this joint venture, with total investment capital estimated to eclipse $1 billion over the next decade. The aim of this new joint venture, according to Peter Ryder, founder and chief executive officer of Indochina Capital, is to build on the success and impressive track record of the two companies, by developing quality and innovative real estate projects throughout Vietnam. “Our goal is to build on our track record as Vietnam’s leading high-end real estate developer. We will continue to promote our vision of sophistication and luxury,” Ryder said. “We have a clear strategy that addresses the current and future demand of the market, with a focus on delivering accommodation-themed projects, while maintaining our unwavering commitment to architectural excellence, environmental sustainability, … [Read more...] about Indochina Capital teams up with Kajima Corporation
Real estate leads nj
Apartment supplies to drop by 25%
Property Apartment supplies to drop by 25% The Saigon Times Daily Saturday, Dec 14, 2019,14:55 (GMT+7) Apartment supplies to drop by 25%The Saigon Times Daily A new residential area in HCMC’s District 2. Apartment supplies in HCMC and Hanoi are estimated to fall this year - PHOTO: VNA HCMC – The number of apartments eligible for sale in HCMC and Hanoi is estimated to fall 25% this year, reaching 43,000 units, according to a report by property platform batdongsan.com.vn. At the Vietnam Real Estate Summit 2019 (VRES 2019), held on December 12, Nguyen Quoc Anh, deputy general director of Batdongsan.com.vn, said the property market will face multiple challenges next year due to tighter control being applied to new projects and the increase in risk coeficient for real estate loans. The demand for real estate products remains high, but the market has witnessed a decline since the previous quarter, Anh added. In … [Read more...] about Apartment supplies to drop by 25%
Vietnam 2017 GDP expands US$56 billion after revision
After revision, Vietnam’s GDP grew an average of 25.4% annually in the 2010 – 2017 period, in which 2011 recorded the highest growth rate of 27.3%. Vietnam’s GDP in 2017 is estimated at VND6,294 trillion (US$272.77 billion) after revision, representing an increase of VND1,300 trillion (US$56.34 billion) against the previous figure of VND5,006 trillion (US$216.95 billion), according to the General Statistics Office (GSO). This would result in revised GDP per capita of US$2,985, higher than the preceding number of US$2,343, stated the GSO in a statement announcing the result of GDP revision in the 2010 – 2017 period held Friday. As a result, Vietnam’s GDP grew an average of 25.4% annually in 2010 – 2017, in which 2011 recorded the highest growth rate of 27.3% and 2015 grew the lowest rate of 23.8%. Among economic sectors, services posted the highest growth rates after revision with an additional increase of VND316 – 615 trillion (US$13.68 … [Read more...] about Vietnam 2017 GDP expands US$56 billion after revision
Let the Vietnamese spirit soar
Illustration by Trịnh Lập By Nguyễn Mỹ Hà The dreams of millions of Vietnamese people came true on Tuesday night. They had been dreaming for 30 years, or was it 60 as some said? Now it doesn’t matter, as the dreams are reality. The Việt Nam men’s U22 football team won a gold medal at the 30th Southeast Asian Games in the Philippines by defeating Indonesia 3-0 in the final. A popular saying goes ‘phúc bất trùng lai’, which means happiness does not repeat itself, but the men’s victory came just days after the women’s team won their own gold medal at the Games. Double happiness, truly, because despite the fact the women’s football team had won for the sixth time, it was the men’s first triumph. “Though this is the sixth time,” said women’s coach Mai Đức Chung, “I still feel very touched.” Sheer joy and happiness brightened … [Read more...] about Let the Vietnamese spirit soar