A groundbreaking ceremony was held for the first smart city project in Hanoi, the largest of its kind nationwide, in the capital’s suburban Dong Anh district on October 6, with the participation of Prime Minister Nguyen Xuan Phuc.
The growing foreign direct investment (FDI) in Vietnamese property has shown investors’ greater expectations of the market, insiders said.
Retail chains specializing in products for mothers and children now have to compete with private shops and vendors, whose low cost is a great advantage.
It is rumored that about ten Japanese firms will invest up to US$2 billion in the real estate market in Vietnam, particularly Ho Chi Minh City and Hanoi, in the coming time.
Sectors and local authorities in the northern province of Vinh Phuc will take strong measures to quicken land clearance for a Japanese-invested industrial park (IP), said Chairman of the provincial People’s Committee Nguyen Van Tri.
The northern province of Vinh Phuc granted investment licences to five new FDI projects in the first two months of 2016, the Vinh Phuc Investment Promotion Agency (IPA) said on February 29.
(VOV) - On October 22, the Japan Sumitomo Group got the green light from the Vinh Phuc provincial People’s Committee to proceed with construction of the Thang Long III Industrial Park.
Japanese Sumitomo group plans to establish a joint venture with the SMC Company in Ho Chi Minh City in April 2012 that will specialize in supplying and distributing steel for major projects.