Business News

"This is a positive move to inject money into the domestic economy in the post-COVID-19 period, thereby energising the sectors, including services, production, business and real estate," said Su Ngoc Khuong, senior director of investment, Savills Vietnam.

Industrial parks and clusters in the Mekong Delta province of Tien Giang attracted more than 834 billion VND (35.4 million USD) in the first eight months of this year, according to the province People’s Committee.

The investment proposal for this project has got approval from the Government in March. Hoa Cam Industrial Zone will cover 120 hectares in Hoa Tho Tay Ward of Cam Le District and Hoa Nhon Commune of Hoa Vang District, Danang City.

The Haiphong City Department of Planning and Investment is calling for firms to apply for investment in a residential project with a total cost of some VND4.4 trillion. Firms can register for investment in the project from now until September 5.

According to a Cushman & Wakefield (C&W) survey, the purchase of the Capital Place, a Grade A office building in the heart of Hanoi, by Viva Land from CapitaLand Development for 550 million USD, heated up the office M&A market.

The social housing project Lotus Garden at Phu My District (Dong Thap Province) has not been granted a construction permit by the provincial authority, yet the project was still putting apartments up for sale.

Ninh Thuan will strive to become a relatively developed province in the region and the country by 2025. To create a driving force for socioeconomic development, the province will focus on drawing investment flows into industrial zones. Accordingly, the Ninh Thuan Management Board of Industrial Zones has made ongoing efforts to build an open business and investment environment.

Vietnam has about 335 industrial parks across the country together with 17 economic zones, which play an important role in investment attraction and State budget collection.