HCM City seeks investors for nine plots in Thu Thiem

Ho Chi Minh City will organise an auction to seek investors for the right to use nine land plots in the Thu Thiem new urban area in district 2.
HCM City seeks investors for nine plots in Thu Thiem ảnh 1HCM City will hold an auction to find investors for projects on nine land plots in the Thu Thiem new urban area in District 2 (Photo: VNA)

HCM City (VNA) – Ho Chi Minh City willorganise an auction to seek investors for the right to use nine land plots inthe Thu Thiem new urban area in district 2.

The auction is expected to be held in the thirdquarter of this year.

The nine land plots are on the city’s list of210 projects that are calling for investors.

The nine land plots are located in an areaexpected to be a highly dense multi-functional commercial centre.

To be eligible, investors must ensure progresson the project, and prove their management capacity to develop the project withthe surrounding area.

Tran Vinh Tuyen, Vice Chairman of the municipalPeople’s Committee, said these land plots will be auctioned one by one to givetime for review and evaluation, and to ensure that the selected investors arecapable of implementing the project

According to the municipal Department ofPlanning and Investment, the nine land plots have a total area of 77,606 sqm,which have completed land clearance and compensation.

The nine land plots include six plots planned tohave 10 to 15 floors of multi-functional residential area and three land plotsplanned to have 30 to 50 floors of multi-functional commercial area.

The total investment of nine land plots is 27trillion VND (1.1 billion USD) including investment costs, land use fees, andtechnical infrastructure costs.

The city’s Department of Transport has issued adecision on approving the investment projects for technical infrastructure forthe nine land plots

The department also assigned the Urban TrafficManagement No. 2 as the contractor of the project.

The municipal People’s Committee approved thecontractor to use the city’s advance budget to invest in technicalinfrastructure for the project to improve the value of each lot.-VNS/VNA
VNA

See more

At the February 14 meeting between Lao Prime Minister Sonexay Siphandone and a delegation of Vietnamese businesses and international enterprises from various countries. (Photo: VNA)

Vietnam strengthens business and investment ties in Laos

Highlighting Laos's vast potential for trade and investment cooperation, Lao Prime Minister Sonexay Siphandone said that Laos is an attractive investment destination, particularly in agriculture, tourism, logistics, and infrastructure development.

Lao government officials and representatives of Vietnamese businesses at the seminar (Photo: VNA)

Vietnamese firms eye investment in Laos

He reaffirmed Laos as a key investment destination for Vietnamese and global firms, highlighting opportunities in agriculture, tourism, logistics, and infrastructure.

Vice Chairman of the Bac Giang People's Committee Mai Son (Photo: bacgiang.gov.vn)

Bac Giang speeds up non-state budget investment projects

In the coming period, the northern province of Bac Giang will focus on addressing challenges to non-state budget investment projects and expediting their progress, affirmed Vice Chairman of the provincial People's Committee Mai Son.

Representatives from industry associations share insights on Vietnam’s market trends. (Photo: VNA)

Vietnam, Thailand boost industrial trade exchange

Trade between Vietnam and Thailand reached 20.18 billion USD in 2024, up 6.4% year-on-year. Thailand remained Vietnam’s top ASEAN trade partner, accounting for 24% of its total trade with the bloc.

Representatives from Lao and Vietnamese agencies at the signing ceremony. (Photo: VNA)

Vietnam, Laos strengthen energy cooperation

A 1,200 MW wind power plant in Nong district, Laos’ Savannakhet province is expected to export 1,526 kWh to Vietnam annually once its first phase completes by the end of 2027, and additionally 1,112 million kWh per year after its second phase becomes operational in 2030./

A view of the Hanoi skyline. While rental properties continue to be in demand, there has also been a notable rise in the number of foreigners looking to buy houses. (Photo: VNA)

Housing demand from foreigners in Hanoi rises

Over several years, Hanoi has increasingly become an attractive destination for foreign workers, with approximately 10,000 new foreign workers are granted licences to work in the city each year.