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Cancellation of costliest land lot purchase exposes legal loopholes

Cancellation of costliest land lot purchase exposes legal loopholes

A developer cancelling the purchase of the most expensive land has exposed legal loopholes in Vietnam’s real estate auctions that can be misused to stir price speculation, industry insiders say.
Canceling purchase of most expensive land lot will distort market

Canceling purchase of most expensive land lot will distort market

Canceling land lot purchases after bidding record prices is a market distorting practice, experts say.
January 14, 2022 | 10:00 pm PT
HCMC land fetches record $1 mln for 10 sq.m, ripple effect seen

HCMC land fetches record $1 mln for 10 sq.m, ripple effect seen

Thu Thiem Peninsula land prices have soared to a record VND2.4 billion ($104,000) per sq.m, and this will have a ripple effect on all housing segments, experts say.
December 13, 2021 | 06:22 am PT
HCMC Party official gets away with formal criticism for violations

HCMC Party official gets away with formal criticism for violations

Former deputy Party secretary of Ho Chi Minh City, Tat Thanh Cang, has been formally criticized for wrongdoings related to the Thu Thiem New Urban Area.
August 7, 2020 | 08:44 pm PT
Saigon unveils plans for eco park by 2025

Saigon unveils plans for eco park by 2025

The Thu Thiem Eco Park will be created in Ho Chi Minh City before 2025, authorities responsible for setting it up said.
July 2, 2020 | 03:45 am PT
HCMC seeks green-light for a ‘city within city’

HCMC seeks green-light for a ‘city within city’

Ho Chi Minh City has proposed to merge Districts 2, 9 and Thu Duc to create an innovation hub, advancing its vision of becoming a smart city.
June 4, 2020 | 11:37 pm PT
Former HCMC Party chief loses position over urban planning violations

Former HCMC Party chief loses position over urban planning violations

Le Thanh Hai, former HCMC Party Secretary, has retroactively lost his position for violations in the Thu Thiem New Urban Area project.
March 20, 2020 | 07:47 am PT
Novaland seeks ministry intervention to revive multi-million dollar HCMC project

Novaland seeks ministry intervention to revive multi-million dollar HCMC project

Real estate developer Novaland has asked the Ministry of Construction for help in resuming work on a stalled 32-hectare project in Saigon.
February 8, 2020 | 05:36 am PT
Former HCMC party chief faces disciplinary action for urban planning violations

Former HCMC party chief faces disciplinary action for urban planning violations

A former Party Secretary of HCMC is deemed to have committed violations meriting disciplinary action in planning the Thu Thiem urban area.
January 8, 2020 | 03:16 am PT
Five years on, Saigon road expansion remains in a hole

Five years on, Saigon road expansion remains in a hole

The VND800 billion ($34 million) road expansion project on Luong Dinh Cua Street in Saigon's District 2 is nowhere near completion after 5 years of work.
September 21, 2019 | 09:14 pm PT
Locals unhappy government inspectors' report on Thu Thiem violations ignores them

Locals unhappy government inspectors' report on Thu Thiem violations ignores them

People in Ho Chi Minh City's District 2 complain their sufferings have been ignored in a report on violations in Thu Thiem urban area development.
June 30, 2019 | 12:11 am PT
Loner who raises buffaloes in Saigon

Loner who raises buffaloes in Saigon

Van Duc Toi, 53, lives on his own to take care of buffaloes in Thu Thiem Ward, a new urban area in Saigon.
April 26, 2019 | 04:26 pm PT
Defense Ministry urged haste in handing over land for Saigon bridge

Defense Ministry urged haste in handing over land for Saigon bridge

HCMC has called on the Defense Ministry to speed up handover of land for building a key bridge over the Saigon River.
August 2, 2018 | 11:56 pm PT
HCMC to close river tunnel for 6 nights to make way for construction work

HCMC to close river tunnel for 6 nights to make way for construction work

The Thu Thiem Tunnel will be closed to all vehicles between 11 p.m. and 3 a.m. this weekend and next.
January 24, 2018 | 11:30 pm PT
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