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Apartment models ready for viewing   2010-08-03 - VNS

HCM CITY — The City Garden Apartments Viet Nam last weekend released for public view model units for one and three bedroom apartments.

The City Garden Project, with a total investment of US$150 million, will develop six high rise buildings of 21 to 30 floors, each comprising more than 900 one to three bedroom apartments, on 2.3ha of land in Binh Thanh District's Nguyen Tat To Street.

The project includes 1.7ha of green space, a swimming pool, tennis courts, a kindergarten, a clinic and a supermarket.

The project is a joint venture between two local firms, building materials producer FICO and property developer REFICO and SSL, an affiliate of the independent alternative investment management firm CUBE, which has its main offices in London and Hong Kong.

HCM City organises month-long discount

HCM CITY — HCM City will begin its annual big sales month on September 1, aiming to promote local demand for Vietnamese products as well as attract tourists.

"This promotional month will be an effective response to the national ‘Vietnamese people buy Vietnamese goods campaign as well as the ‘Impressive Viet Nam Grand Sale 2010'," said Nguyen Vinh Nhung, director of the city's Industry and Trade Department.

It is expected that 600 companies, including many in the garments, food and beverages, home appliances, tourist and banking services industries will participate the promotion month, offering price reductions ranging from four to 49 per cent. Lucky draws and gifts will also be part of the promotion campaign.

The programme would highlight environmental friendly products, Nhung said.

New urban area to be developed in Da Nang

DA NANG — Da Nang City People's Committee has licensed the Corporation for Financing and Promoting Technology to develop a new urban area.

The company has been allocated 35ha to begin building next year.

Its urban joint stock company is responsible for the project.

Mobile phone tariffs to be cut by 10-15%

HA NOI — The Viet Nam Post and Telecommunications Corporation has to cut tarrifs by 10-15 per cent from the early next week.

Pre-paid subscribers will pay VND118 for the first six seconds of internal calls and VND138 for each block for external calls.

For the post-paid subscribers, the new call tarrif is VND49,000 per month with VND88 per block for internal calls and VND98 per block for external calls.

Bank backs $40m power plant project

HCM CITY — The United Overseas Bank and PetroVietnam Finance Company have signed a US$40 million credit loan to develop the Nhon Trach power plant No 2 at Ong Keo Industrial Park in the southern province of Dong Nai.

The 452,000sq.m plant will have a design capacity of 750MW, to be operational by March.

Construction begins on luxury villas

HCM CITY — The first sod was turned on luxury villas in the southern province of Bien Hoa, 30km from HCM City, with a total investment capital of VND300 billion (US$15.78 million)

Built on 5.7ha, the 126-300sq.m villas are expected to sell from VND1.1 billion ($57,291).

Toan Thinh Phat Architecture Investment Construction JSC are the developers.

Five-star hotel begins construction in Ha Tinh

HA TINH _ Construction has begun on a VND1.5(US$78.94 million) five-star hotel complex in the central province of Ha Tinh.

The 5ha site will also have offices for lease. Human City two-member Co Ltd is expected to complete the project by 2012.— VNStrillion(US$78.94 million) five-star hotel complex in the central province of Ha Tinh.



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