CBRE Vietnam Real Estate Spotlight – W38 2018

Hanoi's first sky train to commercially run before 2019 Tet holiday

Hanoi Times

The Chinese-invested Cat Linh-Ha Dong elevated railway in Hanoi city began a trial run on September 20 morning. The Railway Project Management Unit (RPPM) under Ministry of Transport has just announced that the Cat Linh – Ha Dong elevated railway, the first of its kind in Hanoi, will be ready for commercial operation before the upcoming Tet holiday, which falls in early February 2019. 

PM approves road linking Noi Bai-Lao Cai Expy and Sapa
 

The Saigon Times

Ha Noi to build 48.5-hectare urban area in Bac Tu Liem

Vietnamnet

Ha Noi People’s Committee has approved a 1:500 scale plan of Vibex urban area which covers more than 48.5 hectares in Bac Tu Liem District with a population of 7,000. The urban area will stretch through three wards, including Duc Thang, Dong Ngac and Thuy Phuong. It will be developed by Ha Noi Concrete Construction Joint Stock Company.

Vingroup launches four new Vinpearl hotels

Bizhub

Vinpearl Joint Stock Company, a member of property developer Vingroup, on September 15 officially launched four international standard five-star Vinpearl Hotels in Hue, Quang Binh, Thanh Hoa and Lang Son, increasing the number of Vinpearl units to 27. These are the highest buildings in the four cities and provinces, marking the prestige of Vinpearl in the strategy of expanding its network to major tourist cities in Viet Nam.

Vietnamese logistics startup EcoTruck secures US$1.7m pre-Series A funding

Deal Street Asia

HCMC calls for investors for two smart city projects

Vietnam Investment Review

Long An to have first solar farm
 

Vietnam Investment Review

The 50.2-hectare solar farm of BCG Bang Duong Energy JSC, an affiliate of Bamboo Capital Group, is the first such project in the locality and will contribute an annual 60 million kWh to the national electric grid. The construction is expected to be completed by June 2019.

Approving the expansion plan of Tan Son Nhat airport
 

NLD

In the planning of 2020, 2030, Tan Son Nhat airport has a total area of 791 hectares (excluding the area of directly managed land). Accordingly, Tan Son Nhat Airport is compliant with airport standard 4E (International Civil Aviation Organization (ICAO) standard) and airport class I. General use of civil and military equipment with 160 parking location.

Vietnam's President Tran Dai Quang Is Dead at 61 Following a Serious Illness

TIME

The government said he passed away despite domestic and foreign treatment efforts. He died at a hospital in Hanoi and the government statement did not elaborate on his illness. His last public appearance was at a Politburo meeting of the ruling Communist Party September 19. Born in northern Ninh Binh province, Quang attended a police college and rose through the ranks at various positions at the Ministry of Public Security before being appointed minister in 2011. He effectively became second most powerful man in Vietnam after General Secretary Nguyen Phu Trong. 

Mitsubishi and its subsidiary Temasek invest $ 2.5 billion in urban areas throughout South East Asia, including Vietnam

NLD

Surbana Jurong, a subsidiary of Temasek Group in Singapore, will co-operate with Mitsubishi Japan to develop its urban areas throughout Southeast Asia, according to Nikkei. Surbana Jurong – Mitsubishi was established this year to implement projects in some countries such as Myanmar, Vietnam, Indonesia, Philippines … in South East Asia and India, Sri Lanka. According to the initial plan, the project will be invested $ 2.5 billion and developed within 5 years. Comprehensive urban development packages will include transport infrastructure such as rail and road; housing, shopping centers, hospitals and other public projects.

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