Business News

The northern city of Hai Phong houses 13 industrial parks with 449 projects and intends to build additional five to six others in the coming years. Head of the Hai Phong Economic Zone Management Board Pham Van Moi reported that the city will build five to six industrial parks in the coming time.

The real estate market remains strong in 2019 since the economy continues to grow robustly and there is a lot of investment flowing into infrastructure, thus attracting both domestic and foreign investors.

Last month, property developer Vingroup unveiled plans to sell 20 million non-convertible bonds at VND100,000 (US$4.39) each in two phases without any covered warrants or guaranteed assets.

Industrial zones in the Mekong Delta city of Can Tho attracted a total registered investment capital of US$112 million last year, 12 per cent higher than the annual target, according to the municipal Industrial Zones and Processing Zones Management Board.

Foreigners have been growing more interested in buying houses in Vietnam despite obstacles in ownership.

The total area of Nghi Son economic zone under planning will increase nearly tenfold to 106,000ha, including almost 66,500ha of land on the mainland and islands and over 39,500ha of sea surface.

Four foreign companies will be injecting $321 million of new investments in VSIP Quang Ngai. The investment registration certifications were presented to the companies at the VSIP Quang Ngai Investors’ Gathering and Investment License Presentation event.

Deputy Prime Minister Trinh Dinh Dung asked the Ministry of Construction to pay attention to the development of social housing projects and homes for low-income earners while enhancing urban management and creating favourable conditions for construction businesses.