HCMC has prioritized 21 infrastructure projects, including 15 for transportation, to be completed in the next few years at an estimated cost of VND100 trillion ($4.33 billion).
The prolonged COVID-19 pandemic is forecast to keep hampering Vietnam from reducing inflation this year, despite the strong efforts to stimulate fiscal and monetary policies.
In recent years, Ho Tram has emerged as one of the most attractive Vietnamese tourist destinations. One of the high-profile developers in this fast emerging market is Asian Coast Development (ACDL) which controls the 164-hectare Ho Tram Strip integrated resort.
The just-established Thu Duc city is already witnessing skyrocketing property prices, with hikes of around 30 per cent reminding local authorities of the need for special policies to manage the market.
At a recent meeting between Ho Chi Minh City People’s Committee and real estate developers, 32 long-delayed projects by 21 developers were discussed to bring about breakthroughs in development.
The long process of project approval from competent government agencies and the serious impact of COVID-19 have helped mergers and acquisitions in real estate sector become more active.
The Crest Residence at phase two of The Metropole Thu Thiem developed by SonKim Land has just won the Best Apartment/Condominium Asia-Pacific 2020-2021 award at the International Property Awards on February 7 in recognition for SonKim Land's signature architectural style offering elevated lifestyles.