Want to be in the loop?
subscribe to
our notification
Business News
HONGKONG LAND APPOINTS COTECCONS AS THE MAIN CONTRACTOR FOR THE MARQ
Hongkong Land announced the appointment of Coteccons as the main contractor for its latest luxury residential development, The Marq. “The Marq continues to represent our trademark quality being implemented in the Vietnamese property market,” said Robert Wong, chief executive of Hongkong Land. “We have decided to bring not only luxury branded materials, equipment and appliances to The Marq but also the highest quality of construction work, conducted by one of the most reputable main contractors in Vietnam. It also demonstrates that we are building not just luxury condominiums, but also inspired living spaces, introducing an unparalleled elegance, style and grandeur to our discerning customers.”
Within 15 years of working experience in construction industry, Coteccons has built an impressive track record, from commercial complex to luxury residential project. Addressing the signing ceremony, Tran Quang Quan, deputy general director of Coteccons, said that it was a great honour for them to enter into this strategic cooperation with a regionally renowned developer like Hongkong Land.
“We are proud be to a part of this team of excellence to create The Marq. We aim to use our in-depth knowledge and innovative execution to build it with extreme care and pride to deliver the top quality that its central address deserves,” said Quan.
Situated on Nguyen Dinh Chieu Street in bustling District 1, a coveted address in Ho Chi Minh City, The Marq is just a heartbeat from city icons such as Notre-Dame Cathedral and Independence Palace, and other business and entertainment circles, creating a lavish hideaway in the heart of the city.
Featuring a sophisticated design of a landscaped city retreat that fuses modern architecture with natural elements, The Marq’s spaces are delicately crafted to capture the essence of the refined lifestyle.
The sumptuous interior reveals luxury provisions: up to 3.2m high ceilings, marble floors in living and dining rooms, marble floors and walls in all bathrooms, marble kitchen countertops, branded kitchen appliances, branded sanitary wares and fittings.
Selected units have a double-volume ceiling in the living and dining rooms, separate service entrance, imported kitchen cabinetry and private lift landing.
Living at The Marq, discerning buyers can enjoy a hideaway vacation right on their doorstep. Located on the highest floor of the building, the exclusive retreat-concept amenities will indulge residents in the lushness of the Sky Club, which celebrates the beautiful vista stretching across downtown Ho Chi Minh City, rejuvenating their everyday sense of life.
The heart of the Sky Club is a 30m long infinity lap pool, with easy access to the sky bar, sky dining and other all-day dining lounges, sky alcove, private kitchen and banquet room, gym, kid's pool and jacuzzi.
The project is expected to complete and be handed-over in February 2022. Potential buyers are now excitedly registering to join The Marq’s expected official launch on May 11 and 12, 2019.
Source: VIR
Related News
VIETNAM EXPANDS INLAND CONTAINER DEPOT NETWORK TO 19
The two newly added ICDs are Cai Mep in HCMC and Tan Cang-Moc Bai (phase one) in Tay Ninh Province. Cai Mep ICD, located in Cai Mep Industrial Park in Tan Phuoc Ward, HCMC and developed by Cai Mep International Logistics JSC, covers 9.15 hectares and has an annual handling capacity of about 133,000 TEUs, according to the Government news site (baochinhphu.vn).
HCMC CREDIT UP 1.5% IN Q1
Outstanding loans in the city reached an estimated VND5.28 quadrillion, up 0.77% from the previous month and 16.25% year-on-year, data from the State Bank of Vietnam’s Regional Branch 2 showed. Vietnam dong loans accounted for 96.1% of total credit and rose 1.46% from the end of 2025. Medium- and long-term lending made up 55% of total outstanding loans and increased 3.22%.
HCMC TO ESTABLISH CULTURAL INDUSTRY DEVELOPMENT FUND
The HCMC People’s Committee has tasked relevant departments with establishing a cultural industry development fund and developing a 150-hectare film studio complex. The move follows an instruction by HCMC Party Committee Secretary Tran Luu Quang. The city’s cultural industry development fund will be structured under a venture capital model.
EMPLOYEES’ AVERAGE INCOME INCREASES
Average monthly income of workers in the first quarter reached VND9 million, up 3.8% from the previous quarter and 8.5% from a year earlier, according to the National Statistics Office. Male workers earned an average of VND10.1 million per month, compared with VND7.7 million for female workers. In urban areas, average income reached VND10.7 million per month, while in rural areas it was VND7.9 million.
HCMC KICKS OFF OVER 10 PROJECTS DURING APRIL
Work will start on major projects in transportation, urban development and logistics sectors in HCMC this month, coinciding with Vietnam’s Reunification Day, April 30. They include the N3 ramp at the An Phu interchange with an investment of VND3.4 trillion and the 1.69-hectare Tan Chanh Hiep Park. In addition to these, seven other projects are slated to break ground within the month, including the Ho Tram – Long Thanh airport urban expressway, the Nha Rong – Khanh Hoi port area and the Ho Chi Minh Museum expansion.
VIETNAM’S Q1 FOREIGN TOURIST ARRIVALS HIT RECORD HIGH
Vietnam welcomed nearly 2.1 million international visitors in March, bringing first quarter foreign tourist arrivals to 6.76 million, up 12.4% year-on-year and marking a record high for the period, the national authority for tourism said. Air travel accounted for 82.3% of international arrivals, followed by land at 15.5% and sea at 2.2%, according to the Vietnam National Authority of Tourism.
























