Advertisements

Random Post

Vietnam Real Estate Market News

Vietnam Business » Vietnam Real Estate Market News » Over VND110 trillion Invested In Housing Projects In HCM City

Over VND110 trillion Invested In Housing Projects In HCM City

It is estimated that those commercial housing projects in Ho Chi Minh City attracted over VND110 trillion of investment capital since the government released Decree No 90 regulating about guidance for realising the housing laws.

Statistics of Ho Chi Minh City Department of Construction showed that since the government released Decree No 90 regulating about guidance for realising the housing laws in October 2006 to the end of 2009, it is estimated that those commercial housing projects in Ho Chi Minh City attracted over VND110 trillion of investment capital.

The local department of construction has approved and granted construction certificates for 226 projects up to now.

These housing projects provided Ho Chi Minh City with over 11.136 million square metres of floor area, with over 76,000 apartments, houses, and villas. The investment capital in real estate projects increased significantly over the past few years. In 2008, the investment capital was posted at over 45 trillion dong, and in 2009 of more than 60 trillion dong.

The amount of detached houses in Ho Chi Minh City increased sharply. In 2001, there were 9,452 cases to be granted construction licences, but the number increased to 25,434 cases in 2008.

The streamlined administration procedures in investment and construction management works and other housing development projects have helped create favourable conditions for investors to realising housing projects in Ho Chi Minh City recently.

Vietnam Business And Financial News Network. Source [stox.vn]

More Vietnam Real Estate Market News:

Popular Vietnam Business News

Deposit Interest Rate Rises to 10.2 Per Cent

Although the prime rate set by the State Bank of Vietnam (SBV) was kept unchanged at 7 per cent per annum in July, many banks still revised the borrowing rate.

Prospect for higher FDI

. After a standstill period due to bad impacts of the global economic slow down, more and more foreign companies have come to Vietnam to seek investment and business opportunities.

Leading B2B websites in Vietnam

. More than 100,000 Vietnamese firms have to date joined www.alibaba.com, one of the global leaders in business-to-business (B2B) e-commerce Websites, said China’s Alibaba Group. .About 4,000 Vietnamese small- and medium-sized

Vietnam airline market takes off

Economic recovery is set to spark demand, competition and reasonable fares on Vietnam�s air travel market, industry insiders say. Vo Huy Cuong, head of the Civil Aviation Administration of Vietnam�s

Workers quit factories for more cushy jobs, labor shortage ensues

After the Tet holidays, Tran Thi Phuong from northern Nam Dinh Province did not return to the Hanoi-based garment firm where she had worked for several years. The 28-year-old woman

Vietnam warned of inflation and trade deficit

The trade deficit is likely to prompt a further fall of the Vietnamese dong this year while food, housing and transport costs are leading inflation higher, according to a Standard

Uy Nam Construction Investment Joint Stock Co (Unicons) EPS at 16,644 dong/share in 2009

Uy Nam Construction Investment Joint Stock Co (Unicons) has recently reported audited fiscal report in 2009 with 663.01 billion dong in revenue from sales and service provision, up 24.16 percent

Vietnams export levels bear little impact from European debt crisis

According to trade experts under the Ministry of Industry and Trade, the impact of the debts crisis in Europe is not all that significant because the Vietnamese dong is still

Advertisement