HCM City real estate market continues slow simmer(17/12/2015)

The commercial and residential real estate market in Ho Chi Minh City is going great guns and there’s been a marked improvement in mortgage lending practices, reports Shanghai-headquartered securities brokerage and wealth manager, BNP Partners.

  • Despite cement exports forecast to be lower than that of 2014, a supply-and-demand balance would be maintained thanks to increasing domestic demand.
  • Deputy Prime Minister Hoang Trung Hai issued order to start work on expanding Da Nhim hydropower plant in Ninh Son district, the central province of Ninh Thuan on December 12.
  • Vietnam could face acute freshwater shortages in the future if water resources, including rivers, kept being degraded at the current pace, heard a seminar in Hanoi on December 11.
  • The Mekong Delta city of Can Tho signed a Memorandum of Understanding with the Republic of Korea’s Soon Chun Hyang University to build a smart city.
  • A national database of the real estate market will be developed in an effort to provide basic market indicators with greater accuracy and improve the market transparency.
  • This Law provides for the rights, obligations and responsibilities of agencies, organizations, individuals and the state management of construction investment activities.
  • Positive relation between infrastructure, national competitiveness and economic growth appears both theoretically and practically in developed and developing countries. Good infrastructure will help reduce fixed cost for enterprises, calling many enterprises to take part in production to reduce average fixed cost of infrastructure, decrease production cost and increase competitiveness of the country (Easterly, 2006). However, further investments in infrastructure also lead to challenges. Private sector, the main factor tends to decrease their investments in infrastructure since record year of 1990, making the current infrastructure investment below the expectation. Capital from public sector for facilities is facing problem of efficiency in management. Recent studies on this issue show an agreement that a down in private investments in infrastructure is attributable to two reasons: (i) private sector stops their investments and (ii) there is no many choice for them (Martin, 2009).
  • The World Bank’s Vietnam Urbanization Review was led by Dean Cira, and prepared by a core team consisting of Arish Dastur, Henry Jewell, Austin Kilroy, Nancy Lozano, Huyen Thi Phuong Phan, and Hyoung Gun Wang. he team beneited from the strategic guidance provided by Stephen Karam and Somik Lall.
  • Urban design is a field that was formed long ago and has been developed strongly since 1960s such as in the Beautiful City movement by Daniel Burnham, the Garden City movement by Ebenezer Howard and the Image of the City theory by Kevin Lynch. Urban design concerns to people, environmental quality and urban spaces for the people. Urban design is a work related to the urbanity creation, creation of 4D physical architecture for the people (including of the time-scale axis), improvement of life quality and environment for the people with wide and in-depth knowledge in the essence of the natural environment and the human society. Urban design is also regarded as an art which connects planning with architecture, relating to the architecture of each individuality within the interactive comprehensiveness so as to obtain multi-purposes such as: architecture performance, sense of place, technical infrastructure factors of the built environment or issues related to the natural or economic environment.
  • Prime Minister Nguyen Tan Dung announced that Vietnam will contribute 1 million USD to the Green Climate Fund from 2016-2020 during his speech at the 21st Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC) that opened in Paris on November 30.
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