vietexplorer0016

The Chanh Thon carpentry village in Nam Tien commune, Hanoi’s Phu Xuyen district, boasts a rich history in traditional crafts. (Source: nongthonmoihanoi.gov.vn) Hanoi’s People’s Committee has announced plans to develop the Nam Tien Craft Village Industrial Cluster in the city’s outlying Phu Xuyen district, with a total investment of 623 billion VND (approximately 254 million USD). Spanning 26.3 hectares across Nam Tien commune and Phu Minh town, the industrial cluster will serve as a hub for traditional crafts such as carpentry and mechanical engineering. The project aims to relocate production facilities from residential areas to improve environmental protection, enhance product quality, and foster sustainable industrial practices. The Hoang Tin Urban and Infrastructure Development Investment JSC has been chosen as the main investor, and the site is expected to be completed within two years, with a projected operational lifespan of 50 years. This development is anticipat...

Spanning over 27,100 hectares, the Chan May-Lang Co Economic Zone boasts five distinct functional areas: a bustling port area, an industrial hub, a non-tariff zone, a vibrant urban center, and a picturesque tourist site. As reported by the Hue City Economic and Industrial Zones Authority, the zone’s transportation network is almost complete, including a robust wastewater treatment system capable of handling 10,000 cubic meters daily. Additionally, a solid waste treatment site, and fully developed infrastructure for four resettlement projects covering 125 hectares, accommodating around 3,000 households, are in place. The dyke project at Chan May port showcases the zone’s commitment to infrastructure development. (Photo: VNA) Hue’s master plan envisions transforming this economic zone into a modern coastal urban area spanning 447 square kilometers. The zone aims to become a clean industrial and seaport hub, a center for international trade, and a tourism, resort, and commerc...

Vietnam’s Real Estate Market: FDI Inflows and M&A Activities Vietnam’s real estate sector continues to attract significant foreign direct investment (FDI), according to the General Statistics Office under the Ministry of Finance. In the first two months of the year, the country recorded nearly $6.9 billion in FDI, a remarkable 35.5% year-on-year increase. Out of this, the real estate sector accounted for 16.9%, or $371.5 million, of the newly registered FDI capital, securing its position as the second-highest sector for foreign investment. This trend is expected to continue, with foreign investors boosting M&A activities in the real estate market through project acquisitions. As a result, domestic investors are quickly joining the race, leading to predictions of numerous large-scale transfer deals in various regions and market segments by 2025. Nguyen Van Dinh, Vice Chairman of the Vietnam National Real Estate Association (VNREA), believes that recently effective laws relat...

Just a short drive from Hanoi’s bustling center, Quoc Oai District in the city’s western suburbs offers a plethora of stunning attractions perfect for heritage tourism, eco-tourism, entertainment, and quick weekend getaways. There is immense potential in Quoc Oai that awaits full exploration and promotion to attract both domestic and international visitors. A Land of Rich Potential The Water Temple, nestled within Thay Pagoda, is a serene and picturesque spot. Photo: Lai Tan/ The Hanoi Times Quoc Oai District boasts a semi-mountainous terrain with plains interspersed by hills and mountains, creating a diverse and naturally beautiful landscape. The district also has a long and rich history, with a unique culture rooted in the Doai land, the ancient territory west of the capital, Thang Long, now Hanoi. Of particular note are the district’s 220 historical, cultural, architectural, and artistic relics. Among these, two stand out as Special National Relics: Thay Pagoda in S...

Celebrating half a century of economic cooperation and regional partnerships between Australia and ASEAN. These forums presented an invaluable opportunity to showcase Bay of Lights as more than just a symbol of Cambodia’s potential; it is a game-changing initiative that will redefine the region. With a vision to become a leading destination for international travelers and investors, Bay of Lights is poised to catalyze Cambodia’s urban transformation while fostering deeper economic ties between Cambodia, Australia, and the broader ASEAN community, unlocking new avenues for growth and collaboration. “The foundation of Australia and ASEAN’s enduring partnership is mutual respect and shared aspirations, which has resulted in significant bilateral trade growth across multiple sectors,” remarked Michael Truong, Head of Business Development at Canopy Sands Development. “With Cambodia acting as a gateway connecting both regions, Bay of Lights is envisioned not merely as a city transf...