Real estate remained the second biggest magnet for foreign direct investment (FDI) in 2019, following processing – manufacturing, as it attracted 3.88 billion USD of FDI, equivalent to 10.2 percent of the total registered.
Ho Chi Minh City's Department of Transport has asked the municipal People’s Committee to outline plans for investment in public transport in new residential areas, including new bus lanes, in an aim to reduce traffic congestion.
The ratio of rural communes with their own planning has risen from 23.1 percent in 2010 to 83.1 percent in 2013 and 99.7 percent today, according to Deputy Minister of Construction Nguyen Van Sinh.
The central province of Thua Thien-Hue has implemented a sub-project to replace conventional lights with less energy consuming Light Emitting Diodes (LED) lights along streets in Hue city under the Energy Efficient Lighting NAMA Pilot project (VIE/401) funded by Luxemburg.
The People’s Committee of the southernmost province of Ca Mau has asked the Government for 1.4 trillion VND (60.2 million USD) to relocate families living in natural disaster-prone areas to new residential areas built in 2016-2025.
Many infrastructure facilities, including roads are overloaded as many new residential areas have been built and the number of means of transportation rapidly rise in suburban areas of Ho Chi Minh City in the past few years.
Vietnam will complete the five-year target of the National Target Programme on New-Style Rural Area Building by the end of the second quarter of 2019, with at least half of all communes completing all criteria of the programme.
After seven years of implementation, the project to upgrade urban areas in the Mekong Delta region, part of a larger project at national level for the 2009-2020 period, has benefited nearly 1.2 million people.
Hanoi expects to attract more foreign buyers on its real estate market as a rising number of foreign experts and entrepreneurs are working in the capital city.
The real estate market in Hanoi is becoming a magnet for foreign investors, with the number of experts and entrepreneurs from abroad working in the capital city rising.
The People’s Committee of the southernmost province of Ca Mau has asked the Government to provide 300 billion VND (13.2 million USD) to move locals from landslide-prone areas to new residential areas.
Vice Chairman of the Ho Chi Minh City People’s Committee Tran Vinh Tuyen met with visiting Chairman of Enterprise Singapore Peter Ong on August 13, stating that his city hopes to learn from the latter’s experience in smart city building.
The ancient imperial city of Hue in the central province of Thua Thien-Hue has mobilised social sources to light up its streets and tourist destinations at night during weekends and holidays to lure more visitors.
The Mekong Delta, home to some 18 million inhabitants, is plagued by severe riverbank erosion, which has been blamed on climate change and human factors.
HCM City will mobilise all possible resources for spending on anti-pollution measures and urban improvement to raise the quality of life as set out in a recent Party Committee resolution.
HCM City authorities are working on a plan to encourage homeowners to build their own small reservoirs to collect rainwater in an aim to prevent flooding.
Business
