skyrocketing material prices place duress on contractors

Skyrocketing material prices place duress on contractors

Rising construction material prices are driving contractors into a corner while having mixed effects on steel producers and construction groups.
hanoi developments induce delay fluster

Hanoi developments induce delay fluster

Tens of millions of dollars poured into infrastructure together with new planning projects have added vibrancy to Hanoi’s real estate market, but alongside current rising land prices, developments could cause construction delays or sharp rental increases.
lng bac lieu project expected to start in late 2021

LNG Bac Lieu project expected to start in late 2021

Bac Lieu People’s Committee expects that the construction of 3,000MW LNG Bac Lieu would be kicked off later this year, despite having to deal with numerous problems.
pv power look for epc contractor for nhon trach 3 and 4 thermal power plants

PV Power look for EPC contractor for Nhon Trach 3 and 4 thermal power plants

Vietnam's second-largest electricity producer, PetroVietnam Power Corporation (PV Power), and the managing board issued the bidding information to call for investors for the engineering, procurement, and construction (EPC) package for Nhon Trach 3 and 4 thermal power plants.
spartronics starts construction of new factory in vietnam

Spartronics starts construction of new factory in Vietnam

Spartronics LLC, a provider of contract manufacturing and design services, has begun the construction of a new factory in the southern province of Binh Duong.
affordable housing supply fails to meet goal official

Affordable housing supply fails to meet goal: Official

The supply of affordable housing for low-income earners in urban areas and industrial park workers has only met around 42 percent of the target, Bui Xuan Dung, Director of the Ministry of Construction’s Housing and Real Estate Market Management Agency, told a recent workshop.
ministries cook up solutions to curb wild land hikes

Ministries cook up solutions to curb wild land hikes

The ministries of natural resources and environment along with construction, as well as local authorities, are setting up solutions to halt the ramped-up hikes in land price nationwide.
da nang allows foreigners to buy houses in 17 projects

Da Nang allows foreigners to buy houses in 17 projects

The Construction Department of central Da Nang city has listed 17 commercial housing projects in which foreign organisations and individuals can buy units.
hanois property market predicted to rebound strongly

Hanoi’s property market predicted to rebound strongly

Strong construction activities in many different types of property and areas in Hanoi signal the strong recovery of the capital’s real estate market from this year onwards, according to CBRE Hanoi Branch Director Nguyen Hoai An.
skyrocketing rents threaten long term investment appeal

Skyrocketing rents threaten long-term investment appeal

Figures from the Housing and Real Estate Market Management Agency under the Ministry of Construction show a clear upward trend in industrial land rents since the beginning of the year, continuing rampant rises over the past years.
can tho ca mau expressway proposed to start construction in 2022

Can Tho-Ca Mau Expressway proposed to start construction in 2022

The 156km-long Can Tho-Ca Mau Expressway, which would provide a transport axis for the Mekong Delta, is expected to kick-off construction next year to be completed by 2025.
650 million tti project six months behind schedule

$650 million TTI project six months behind schedule

The $650 million project invested by global cordless power equipment and floor care company Techtronic Industries Co., Ltd. (TTI) is six months behind schedule to start construction as foreign experts are restricted from entering the country due to COVID-19.
hanoi plans to begin construction of 43 industrial clusters in 2021

Hanoi plans to begin construction of 43 industrial clusters in 2021

The capital city of Hanoi is planning to start construction of 43 industrial clusters in 2021, which were set up during the 2018-2020 period.
masterise homes breaks ground on worlds largest marriott branded residences in vietnam

Masterise Homes breaks ground on world’s largest Marriott Branded Residences in Vietnam

Masterise Homes, a pioneer of world-class luxury real-estate development in Vietnam, today held the groundbreaking ceremony of Grand Marina, Saigon – the first-ever JW Marriott and Marriott Branded Residences in Vietnam, at the construction site of the project in District 1, Ho Chi Minh City.
mekong delta drives attractiveness to foreign investors

Mekong Delta drives attractiveness to foreign investors

Foreign investors from Thailand, South Korea, and Japan are eyeing investment opportunities in garment and textiles, construction, solar power, manufacturing, and retail in the Mekong Delta.