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JLL Market Watch Week Feb 24, 2017

H&M Vietnam has revealed it will open the first store on a 2,000 sqm in Hanoi with roughly 100 employees.

City to restart National Highway No. 50 project

The HCMC’s People Committee has assigned the Department of Transport to manage and conduct research on the planned expansion of a section of National Highway No. 50. The 8km section is located in the city’s Binh Chanh District and links to Long An and Tien Giang provinces. The highway will be widened from two to four lanes during the first phase of the project and to six lanes in the second phase.
Saigon Unveils Plans for River Bus Service

As a part of attempt to ease traffic congestion on Saigon's choked streets, local officials recently announced a plan for the city's first river bus service. Namely, the first river bus route will link District 1's Bach Dang Wharf to Thu Duc District, and another route connecting Bach Dang to District 8. Two services are able to transport 5,000 passengers per day, and expected to launch in June and September of this year, respectively.


HCMC's District 4 to set up night market

Authorities in HCMC’s District 4 want to set up a 3,000 sqm night market, stretching from Khanh Hoi Bridge to Calmette Bridge, around 300m long. It will have more than 100 shops, operating from 4pm to 2am. There will be places for parking, an art area, tourist services, product promotion, an information centre and community activities.
H&M Vietnam to open first store in Hanoi

H&M Vietnam has revealed it will open the first store on a 2,000 sqm in Hanoi with roughly 100 employees. The Swedish-headquartered fast-fashion giant also schedules to launch its second store in Vincom Thao Dien, District 2, HCMC.



Danang tech park draws USD180 million investment

Da Nang city’s high-tech park has attracted six projects valued at USD180 million from two Japanese and four domestic investors, said the head of the park management board, Phung Tan Viet. The park was designed as a hub for green and high-tech investors.
Tay Ninh approves USD22 million fruit processing factory

The People’s Committee of Tay Ninh province has approved in principle the development of a fruit and vegetable processing factory. It is expected to cost about USD22 million by Lavifood JSC, the factory will cover 150.000 sqm in Go Dau District. Construction will commence in March and complete by October.



Tata Coffee takes step to setting up in Binh Duong

Tata Coffee, a subsidiary of Tata Group, is eyeing Binh Duong for a USD50 million project in Vietnam. According to a representative of the Indian conglomerate - Indronil Sengupta, the group’s proposal to invest the sum in a freeze dried instant coffee plant, expected to be located at the VSIP II Industrial Park, with a capacity of 5,000 tonnes per annum.


Nha Trang gets USD16 million social housing project

The Housing and Urban Development Corporation (HUD) has started construction of a new USD16.2 million social housing project in Nha Trang City. The project spans an area of 1.8ha in the Phuoc Long new urban area, comprising of three 10-storey apartment buildings. Each apartment has an area of 59-66 sqm with an average price that is below VND10 million per sqm.

Vietnam invests in 1,188 overseas projects

Viet Nam had channeled almost USD21.4 billion into 1,188 projects across 70 countries and territories as of January 2017, an official from the Ministry of Planning and Investment said. Of the total, USD5.12 billion and USD2.89 billion, respectively, was invested in 270 and 191 projects in the two neighbouring countries – Laos and Cambodia. The majority of Vietnamese investment went to the sectors of agro-forestry-fishery, telecommunication, mining and healthcare services.