Tuesday, March 19, 2024 3:40:18 PM - Markets open
VN-INDEX 1,242.46 -1.10/-0.09%
HNX-INDEX 236.16 -0.51/-0.22%
UPCOM-INDEX 90.60 +0.28/+0.31%
Property market heats up in Binh Phuoc province
vietnamplus.vn - 6/24/2019 1:02:59 PM
 (0 ratings. You must sign in to rate.)
The property market in the southern province of Binh Phuoc is expected to heat up because of industrial zone planning from now to 2030, according to experts.
 
The province plans to establish 35 industrial clusters in its 11 districts and towns by 2030, whose combined capital requirement will be 5.9 trillion VND (260 million USD).
 
Of the 35 clusters, 21 will be built on 583 hectares of land in the 2020-2025 period as well as Hoa Lu Border Economic Zone with a total area of 28,000ha.
 
From 2025 to 2030, another 14 industrial clusters will be set up across another 580 hectares.
 
Industries that will be developed within these clusters include agro-forestry product processing, and manufacture of rubber and plastic products, metal products, electronic products, engine vehicles, textiles and apparel. These clusters are expected to create around 30,000 jobs.
 
The demand for residential areas is expected to grow because of the new industrial zones.
 
Of the new residential projects, the Asian Holding Real Estate Company has invested in the Asian Lake View project in Dong Xoai city.
 
The project, located on 4.7ha, includes a residential area, shophouses and entertainment area.
 
Another residential project is the 92.7ha Cat Tuong Phu Hung Complex Urban Area in Dong Xoai city with total investment of 70 million USD.
 
The project will have residential areas, land plots and two shopping malls with total area of 4.2ha.
 
Binh Phuoc will focus on attracting high-tech projects and organic agriculture, and forestry product processing, with the key products rubber, cashew nuts, pepper, and fruits.
 
In the first seven months of 2018, Binh Phuoc attracted 22 projects with total registered capital of 314 million USD. Of these, seven new projects were located in Becamex Binh Phuoc Industrial Park with registered capital of 272 million USD.-VNS/VNA
 
Read original article here
 
Newer News
18/03 Lots of ground to cover to build 130,000 social housing units this year
12/03 Deputy PM urges resolving price manipulation for healthy real estate market
12/03 Limit set on interest rates of loans for social housing
21/02 Experts upbeat about real estate prospects
23/12 Foreign investments in property market expected to soar: experts
22/12 Thừa Thiên-Huế invests in infrastructure in economic zones and industrial parks
19/12 PM asks for drastic solutions to remove difficulties for realty market
18/12 Real estate market to recover in Q2 2024, accelerate in 2025, experts predict
18/12 PM asks for drastic solutions to remove difficulties for realty market
18/12 Real estate market to recover in Q2 2024, accelerate in 2025, experts predict
Older News
19/06 Excitement rises in Vietnam’s real estate
13/06 NVL: Takes expo to introduce a range of projects
09/06 MoC: rules for condotels, officetels coming this year
03/06 Real estate market set for recovery as HCM City streamlines housing regulations
31/05 Real estate market set for recovery as HCM City streamlines housing regulations
29/05 Real estate sector advised to reduce dependence on bank credit
23/05 Spectrum of opinion on credit moves
17/05 Property market still attractive in medium, long terms: forum
14/05 HCM City: 46.8 percent of FDI goes to property sector
13/05 Vietnam’s real estate market likely to stay stagnant this year
 
Newsletter Signup
Top Stories
Man owes bank nearly VNĐ9 billion in credit card's interest after 11 years
VN-Index corrects, liquidity stays high
Stock Market Upgrade Journey: overcoming hurdles and reaching new heights
Corporate bond market quiet in February
Losses in bank stocks weigh on market sentiment
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,242.46 -1.10/-0.09%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.