Vietnam Riverbank apartments attractive, expensive

Marc Townsend, Executive Manager of CB Richard Ellis real estate consulting company, said: “In the next three to four years, the need for housing of Vietnamese people will rise highly, especially for apartments fronting rivers. The price of this kind of apartment may fluctuate between US$3,000 to $4,000/sq.m.” The price of riverbank apartments in HCM City depends on the infrastructure of each project. In the South Saigon area, apartments of the Him Lam-Kenh Te project currently have the highest prices, ranging from VND21-22 million ($1,300-1,370)/sq.m.

Vietnam : Thanh Cong Textile Co to build 12-storey tower

Thanh Cong Textile and Garment joint stock company recently inked a deal to build a 12 storey tower in Ho Chi Minh City (HCMC) in a bid to diversify its business as well as develop income. Thanh Cong together with Tan Hoang Thang Company will invest VND 450 billion or US $28 million for this venture. HCMC-based company plans to start construction in October 2007 and expects to officially start operations in about 20 months.

Opportunities abound for Vietnam foreign investors

VIETNAM has become a magnet for many foreign investors keen to partake in its booming economic growth. From the construction firms to property developers and service industry players, opportunities abound for those looking to get on the “Vietnam economic bandwagon”. Foreign investors are encouraged by the continuous improvements they see taking place in the regulatory environment for FDIs.

Work all set to begin on Vietnam’s tallest building

When completed in 2010, Hanoi Landmark Tower will house a five-star hotel, offices, apartments, a convention center, and medical facilities. The 336-meter building will be just 50 meters shorter than the iconic Empire State Building in New York, and the 17th tallest in the world, according to Keangnam. An investment consortium led by Woori Bank would put up $500 million for the building and Keangnam the rest, the firm said. But along with Keangnam, several more construction projects are set to take off the ground in the capital before the year-end.

Vietnam : Cat Ba resort project seeks investors

We suggest two major types of investment: Either 100% foreign capital or the establishment of a joint-venture company between Viet Nam Construction and Import and Export Corporation (Vinaconex) and investors.Investors will have the benefit of several incentives. These include exemption from land-use fees; land-use tax and a five-year exemption from corporate tax. We are committed to ensuring that investors will pay the lowest initial investment cost against all other real-estate and tourism projects in Vietnam. This is because the Government and local authorities consider the project of great importance to Vietnam's tourism industry.