VGP - The construction of a green education ecosystem - the International Education City (IEC) invested by Nguyen Hoang Group (NHG), has commenced in Quang Ngai City in central Viet Nam.

Covering an area of 10 ha of land, the project has a total investment of VND1 trillion (US$43.9 million).

The project, the first of its kind in Viet Nam, will provide education programmes for all education levels: preschool, primary, elementary, high school, higher education, and post-graduate programmes.

The country's first-ever education complex from kindergarten to doctoral levels inlcudes Saigon Academy (SGA), iSchool, United Kingdom Academy (UKA) and School of North America (SNA).

Speaking at the groundbreaking ceremony, Minister of Education and Training Phung Xuan Nha stressed Viet Nam attaches importance to expanding international cooperation in human resources development, with priority given to building international-standard training and education establishments. 

The projects is hoped to benefit both people in Quang Ngai and other central provinces, he said.
Chairman of NHG Hoang Quoc Viet said with the green-space coverage of two-thirds of the area, the project is considered a complete green ecosystem with facilities for football playing, swimming, running; as well as parks and flower gardens. 
Learners will have easy access to modern education methods, he added.

The facilities available at the complex are an indoor stadium offering a variety of sports, volleyball, basketball, tennis, badminton; a library, a multi stadium with an area of over 6,000 sq.meters with fitness room, aerobic room, roboncon club and among.
The work is considered as a green education ecosystem with football grounds, swimming pools, running paths, parks, flower and vegetable gardens, especially a zoological park and a pet garden.
Chairman of the provincial People Committee Tran Ngoc Cang said once completed, the project will contribute to improving the quality of education and training in the locality. 
He called on relevant departments and sectors to facilitate the construction, while asking the investor to strictly implement their commitment to ensuring the progress and quality of the project. 
The International Education City is expected to be completed in May, 2019. 




VGP – PM Nguyen Xuan Phuc has asked relevant ministries and Ho Chi Minh City (HCMC) authorities to accelerate the progress of the city's metro project.


PM Nguyen Xuan Phuc. Photo: VGP

The Government chief made the request on Friday at a meeting attended by HCMC leaders and representatives of the Ministries: Transport, Planning and Investment, Construction, Justice, and Government Office.


The progress of the two metro lines is slow due to adjustment of the total investment capital.

PM Phuc emphasized that faster progress will help ensure the efficiency of the project’s investment capital and reduce traffic congestions in HCMC-the leading economic machine of Viet Nam.

He urged the city authorities to soon submit full documents of the project to competent agencies for verification.

The PM also asked the Ministries of Planning and Investment, Finance, Construction, Justice and the Government Office to strengthen coordination to speed up the project’s progress.

The city’s metro project was the first proposed in 2001 as part of a comprehensive public transport plan for HCMC and neighboring provinces to mitigate traffic congestions.

It includes three monorail lines with a total length of 37km and six partly underground metro routes running a total of 107km from Ben Thanh to Suoi Tien, Ben Thanh to Tham Luong, Ben Thanh to Binh Tan, Lang Cha Ca to Van Thanh, Thu Thiem to Can Giuoc, and Ba Queo – Phu Lam. Ben Thanh will be a hub connecting all the lines.

According to the initial estimates in 2007, total investment of the project was VND 17 trillion (around US$749 million).

However, a recent calculation of Japanese consultant joint venture, verified by a Singaporean independent consultant unit, showed that total cost must be VND 47 trillion (US$2.07 billion). So far, 51 percent of the project’s workload has been completed and the project is scheduled to be finished in 2020./.

By Thuy Dung


Ho Chi Minh City’s apartment segment witnesses high absorption rate in the first quarter of the year. (Photo: VNA)


HCM City (VNA) – Ho Chi Minh City’s apartment segment witnessed high absorption rate in the first quarter of the year despite the long Tet holiday and abundant supply, the property service provider CBRE said on April 3.



A total of 9,260 units were sold during the January-March period, up 4 percent from the previous quarter and surging 26 percent against the same time last year. Of the total, mid-end apartments accounted for 65 percent.
In terms of pricing, the average sales price slightly fell 1.5 percent quarter-to-quarter while declining 2.6 percent year-on-year to 1,515 USD per square metre in the primary market. The drop was attributed to the increase in mid-end apartment supplies in the period.

The city’s real estate saw the launch of 9,503 apartments, up 11 percent from the previous quarter and 79 percent from the same period last year. Mid-end apartments made up 71 percent of the total units offered. The property market is shifting to meet demands of the buyers and create foundation for a sustainable development, according to the company.

CBRE Managing Director Dang Phuong Hang noted that the investors started to roll out their property market in the first quarter of 2018 after studying the market in 2017. During the months, they focused on the introduction of new utilities and safety standards for the residents.

The retail property segment recorded highest occupancy levels ever. Vacancy rate in suburb areas remained unchanged with 6.9 percent, down 6.1 compared to the same time last year. 

Total supply as of the end of the first quarter was 880,940 square metres net leasable area (NLA).

Rental price of CBD areas increased 5.4 percent to 121.6 USD per square metre per month while that of non-CBD areas fell 1.1 percent to 36.4 USD per square metre per month.

Source: VNA

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