Japanese building product distributor JUTEC Holdings Corporation is seeking to team up with a Vietnamese firm to establish a housing services joint venture in Vietnam.
The Ho Chi Minh City’s Department of Home Affairs submitted a plan to the city government on the merger of three districts and 19 wards in the eastern area of the city.
Supply of ready-built factories and warehouses in southern Vietnam will increase by 28 percent this year to 2.7 million square meters.
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Some 77 percent of the massive anti-flooding project in the city has been completed, Director of Trungnam Group Nguyen Tam Tien told city leaders on weekend.
Chinese investors have used various ruses to acquire prime land in Vietnam, implicating both economic development and national security, the Ministry of National Defense says.
Ho Chi Minh City, Vietnam’s biggest metropolis, faces an increasing risk of flood disasters given rapid infrastructure expansion driven by economic growth, according to McKinsey Global Institute.
The city government asked the Department of Planning and Investment to proceed the pre-feasibility study report of metro line no.5 with the total investment capital estimated at $1.66 billion.
Vietnam’s industrial real estate will benefit as foreign investors move production out of China after the Covid-19 pandemic, industry insiders say.
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