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Pool TECHNOLOGY MARKET DEGAULLE available on the world since 1970, THERE HAVE CURRENT YEAR 2009 IN VIETNAM



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Corporation Building My Pool A would send to investors and Board Design Consultancy on demonstrations of new technologies Pool Degaulle Spain (Spain)



Currently there are hundreds of companies build about 10 pools and professional builders in the City address.

Yun said there are many such construction swim but it is only 02 years in product lines:

1. Swimming Pool Construction communication technology.

2. Swimming Pool Construction of new technologies.

Environmental technologies each have pros and cons of it:

I. Communication Technology:

1. Pros: friendly bust solid reinforced concrete construction with the standards of Vietnam.

2. Lacuna:

- Many pipelines criss-cross the country to cause (as he was swimming, so he continued link between the plastic and concrete.) So the media technology itself just bust one year warranty.

- Filtration system with filter sand soldiers, operating difficulties, large power consumption

- The water filter sand should not be transparent.

- Many of the ron by brick should not aesthetics.

II. New technology:

1. Advantages:

- Waterproofing absolute ice bar and the bottom layer of PVC government.

- May not filter pipeline (eliminate all leakage)

2. Lacuna:

- Coffa plastic body with bellows, not ensuring sustainability

- Reinforced Concrete Structures-only structure, not standard construction in Vietnam.

Our company for the technology to Spain. Pool Products Degaulle solve and meet the advantages of two technologies mentioned above.

1. Use bust body solid reinforced concrete construction with the standards of Vietnam.

2. Use PVC waterproof coating and the filtration system was not the Spanish

3. Our company combines two advantages over the products they should Swimming Degaulle of Spain, would do violence to the customer.

- The wall swimming pool: 15 years

- Filter system: 05 years

- Auxiliary equipment: 01 years

Don Shula Sues Indian Creek Village

If an angry rich person is an attorney's best friend, a lot of lawyers must be pretty pleased about the spat boiling over on super-wealthy Indian Creek Island.

In late April, New Times told you about the escalating feud between Siamese titans on the island in Biscayne Bay. The 33-resident Indian Creek Village voted to increase Indian Creek Country Club's annual tax by nearly 30 times, from $29,819 to $842,315.

As expected, the country club has responded by filing suit against the village. More surprising, so has a group of village residents led by Miami Dolphins legend Don Shula.

On May 20, the day after the club sued the village, the Shulas, along with millionaire residents Martin and Constance Silver, Charles B. and Ann L. Johnson, P. Frederick O'Brecht, and Carolyn Smathers -- widow of U.S. Sen. George Smathers -- filed their own suit, calling the tax "unlawful and improper."

While skyrocketing the club's taxes, the new ordinance cuts the amounts due from all but three homeowners -- the Shulas (who will pay $3,467 more per year on their $4.1 million house), the Silvers ($4,480 more on their $3.9 million house), and Smathers, who has the most right to be pissed off: She'll be hit with $16,291 more annually on her $1.7 million house.

​The Shulas, the Johnsons, Smathers, and O'Brecht will pay twice: They are all also members of the country club. That's according to a club roster Riptide has gotten its hands on, which includes sensible bylaws such as "Helicopters are permitted to land and take off only between dawn and dusk" and "Boat owners will instruct their crews to remain in the immediate dock area."

Mrs. Shula and Mrs. Smathers are both on the "entertainment committee," which we're guessing means they're in charge of the board-game closet. Deluxe Monopoly!

Indian Creek villagers ignored their neighbors' pleas at the council meeting when the new ordinance was passed. Mary Anne Shula made a surprising plea of poverty -- "Don is unable to do talks and signings like he used to. If our taxes go up, he'll suffer... What gives you the right to do this?" -- and Smathers compared the club and village's contentious relationship to that of a married couple that can't afford a divorce.

The huge tax increase could cripple the ultra-exclusive country club, which is notorious for a history of racist policies. Riptide has obtained a letter that was sent to members from club president Stephen H. McKnight and warned of "significant financial exposure to the club": Each member will see their individual dues increased by $10,800 annually, more than doubling their former annual fees of $10,000.

That increase will inevitably lead to mass resignations from the club, one member tells Riptide -- and spark yet more brouhaha on the county's richest island.

http://blogs.miaminewtimes.com

UN slaps fourth set of sanctions on Iran

World powers have slapped new military and financial sanctions on Iran aiming to rein in its suspect nuclear program, but stressed that the door remains open for talks.

A US-drafted resolution was adopted on Wednesday by 12 votes in favor in the 15-member Security Council, with Lebanon abstaining and Brazil and Turkey voting against.

Though swiftly hailed by co-sponsors Britain, France and the United States, the move drew an immediate, scornful reaction from Iranian President Mahmoud Ahmadinejad.

"These resolutions are not worth a dime for the Iranian nation," said Ahmadinejad, who earlier threatened to suspend negotiations with six major powers if the sanctions were imposed.

He compared the world powers' resolutions to "a used hanky which should be thrown in the dust bin."

US President Barack Obama said Iran now faces the "toughest-ever" sanctions regime, sending "an unmistakable message about the international community's commitment to stopping the spread of nuclear weapons."

But Obama, who has offered to resume dialogue with Tehran, stressed the sanctions did not spell an end to diplomatic overtures, urging Iran to "take a different and better path."

The Iranian president was due in China for a visit likely marred by unusually strong criticism of Beijing by Iran's atomic chief for the Asian giant's support of the measure.

Despite the backing of Russia and China, it was one of the least supported of the four Iran sanctions resolutions adopted at the United Nations. It expands an arms embargo and bars the country from sensitive activities such as uranium mining.

The resolution also authorizes states to conduct high-sea inspections of vessels believed to be ferrying banned items for Iran and adds 40 entities to a list of people and groups subject to travel restrictions and financial sanctions.

Tehran maintains its uranium enrichment program is for peaceful civilian purposes, while the Western nations have charged that Iran is covertly seeking to develop nuclear weapons.

Israel welcomed the new sanctions against the Jewish state's arch-foe, but said more was needed to stop Tehran acquiring nuclear weapons, including "strong action" from individual countries.

The foreign ministers of Britain, China, France, Russia, the United States and Germany stressed that their dual-track approach -- pressure through sanctions alongside negotiations -- remained in effect.

Western powers had initially pushed for crippling sanctions that would have notably targeted Iran's oil industry but months of hard-nosed bargaining with Beijing and Moscow watered down the resolution to protect their substantial energy and economic interests in Iran.

Chinese Ambassador Li Baodong said the resolution aimed to coax Iran back to the negotiating table and to fulfill its obligations as a signatory of the nuclear Non-Proliferation Treaty.

"Sanctions can never fundamentally resolve," he said, stressing the measures could be suspended or even lifted if Tehran suspends uranium enrichment and reprocessing.

Russia said a package of economic and energy incentives offered by six major powers to Iran in exchange for halting uranium enrichment remained on the table.

The sanctions "should not do undue damage" to the Iranian economy and the Iranian people, stressed Russian envoy to the UN Vitaly Churkin.

Japan said it supported the fresh sanctions but still hoped for a diplomatic solution.

"It becomes important that the international community firmly implements the UN Security Council resolution and works towards a peaceful and diplomatic solution for the nuclear issue and demands Iran make a prudent decision," Foreign Minister Katsuya Okada said in a statement.

EU foreign affairs chief Catherine Ashton's office said the resolution "keeps the door open for continued engagement" between world powers and Iran.

"Sanctions are not the endgame or the final solution," the EU statement said. "We hope that today's decision will bring Iran to the negotiating table."

The resolution was approved despite efforts by Brazil and Turkey to head off the measures and promote a nuclear fuel swap deal they reached with Tehran last month, which had been coolly received by the six major powers.

Brazilian President Luiz Inacio Lula da Silva later slammed the new sanctions as a "Pyrrhic victory" that comes with a massive burden to the victors and said the move "weakened the UN Security Council."

Lebanon had earlier indicated it could not support the resolution due to domestic political considerations, a reference to the presence of the powerful, Iranian-backed Hezbollah in the Lebanese government.

http://www.dtinews.vn

Gold in Vietnam slips as global prices make correction

Gold prices in Vietnam slid by VND100,000 a tael over the previous day to below VND28 million a tael (1.2 ounces) on June 15 amid corrections within the global market.

Sacombank Jewelry Co. sold gold at VND27.93 million, and bought at VND27.97 million as of 10 am local time.

Saigon Jewelry Co. purchased gold at VND27.91 million and sold at VND27.97 million.

Meanwhile, in Hanoi, SJC-gold brand at Phu Quy Jewelry was bought at VND27.92 million and sold at VND27.98 million.

The VND28 million appeared less sustainable, as the global price failed to maintain a rising trend. Meanwhile, a muted bullion market caused domestic prices to drop significantly below the global price. Currently, the gap stands at about VND300,000 a tael.

Globally, the precious metal dropped as a stronger euro sapped its attractiveness. However, gold’s role as a safe haven returned by the end of trading after bad news from Europe caused Wall Street to dive.

Gold for immediate delivery fell to US$1,216 an ounce in New York last night.

Gold futures for August delivery lost $5.7 to $1.224.5 an ounce. The metal has lost 2.4 percent since it hit record highs on June 8.

In Asia, the yellow metal declined $0.8 an ounce to $1,220.6 as of 9:40 am Vietnamese time.

Greece’s credit rating was cut to non-investment grade, or junk, by Moody’s Investors Service, threatening to further undermine demand for the debt-strapped nation’s assets as it struggles to rein in its budget deficit.

Standard & Poor’s had cut the Mediterranean nation’s rating to non-investment status on April 27.

Analysts said that gold may gain, especially after Greece’s rating was downgraded, bolstering demand for the metal as a mean of protecting wealth.

The euro was trading at $1.22 in Tokyo this morning. Earlier, the shared currency climbed to $1.23 in New York. The euro was losing ground as investors expected that the European debt crisis may badly affect to economic outlook in the region.

Crude oil surged $1.34 a barrel to close at $75.12 a barrel on New York Mercantile Exchange.

Light sweet crude oil futures for July settlement was trading around $75 a barrel this morning in Asia.

http://www.dtinews.vn

Africa savours first win but tragedy tinges World Cup

Africa tasted victory for the first time at the World Cup on Sunday but fresh tragedy punctured the euphoria as a young US fan fell to his death, while journalists were involved in a air crash scare.

A young soccer fan blows the vuvuzela trumpet before the start of the 2010 World Cup Group D soccer match between Germany and Australia at Moses Mabhida stadium in Durban June 13, 2010. REUTERS/Paul Hanna

New controversy also raged over the vuvuzela trumpets with Portugal star Cristiano Ronaldo saying they were putting players off and the head of the local organising committee that a ban was a possibility.

As South Africa congratulated itself for the general smooth running so far, UN chief Ban Ki-moon said the opening stages were a triumph for the whole of Africa. It is the first time the tournament is being staged on the continent.

But the death of a 14-year-old American tourist while hiking down the famous Table Mountain tourist trail dampened the festival mood as did the theft of equipment worth 70,000 dollars from a New Zealand television crew.

A police spokesman said the youngster was with his brother and parents in wet conditions on Saturday when he fell on a trail known as Skeleton Gorge.

The family, who are from Texas, were vacationing in South Africa and intended to watch some World Cup matches, he added.

Friday's opening ceremony and first match involving South Africa and Mexico was also marked by tragedy when former president Nelson Mandela's 13-year-old great granddaughter was killed in a car crash on the eve of the kick-off.

Mandela then pulled out of the ceremony to grieve with his family.

Sunday's matches saw the eastern city of Durban host a match between Germany and Australia, Serbia took on Ghana in Pretoria and Algeria played Slovenia in northern Polokwane.

Journalists heading to Polokwane on a chartered plane, which included a team from the Al-Jazeera network, escaped unhurt after the aircraft made an emergency landing at Lanseria airport, near Johannesburg.

Sparks flew from the belly of the plane as it came down after problems with its under-carriage, said the airport's operations manager Mike Christoph.

The match in Polokwane ended in a 1-0 victory for Slovenia, their first ever World Cup win.

In Pretoria, a penalty by Asamoah Gyan was enough to give Ghana victory over Serbia, while in Durban, three-times champion Germany overwhelmed Australia 4-0.

"Everyone is happy, not only in Ghana but the whole of Africa," Gyan said. "I'm so happy, not for Ghana winning but for an African team winning in the World Cup. It's not so easy."

In Durban, a party atmosphere prevailed as German fans grilled South Africa's signature boerewors sausages and Australians went surfing in the Indian Ocean ahead of the evening kick-off.

The sound of vuvuzela trumpets again reverberated around the grouds, fuelling yet more debate about their place in the tournament.

"It is difficult for anyone on the pitch to concentrate," Portugal and Real Madrid start Ronaldo told a press conference. "A lot of players don't like them, but they are going to have to get used to them."

Asked if a ban was an option, local organising committee Danny Jordaan said: "If there are grounds to do so, yes."

But a spokesman for the committee later said later downplayed Jordaan's remarks and said that the horns "are here to stay".

"We just ask that people use them wisely and keep quiet when asked to do so during the singing of national anthems and the delivery of speeches," said Rich Mkhondo.

But England supporters trooped away dejectedly from the northwestern backwater of Rustenburg after a howler from goalkeeper Robert Green allowed the Americans to clinch a 1-1 draw late Saturday.

While there no violence between fans, a crew from New Zealand had a camera, satellite equipment and laptop worth 100,000 New Zealand dollars (70,000 US dollars, 55,000 euros) stolen from their Rustenburg hotel room.

Africa savours first win but tragedy tinges World Cup

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Thousands flee ethnic bloodshed in Kyrgyzstan

Tens of thousands of Uzbek refugees have fled raging violence in Kyrgyzstan that left 113 dead as the interim government struggled to stem the worst ethnic clashes since the end of the Soviet Union.

Gunbattles between rival groups turned cities into warzones and marauding mobs torched whole villages on a third day of bloodshed in the Central Asian nation.

Neighbouring Uzbekistan said up to 80,000 ethnic Uzbeks, mostly women and children, had fled the fighting and were being housed in hastily set up camps along the border. Rights groups warned of a looming humanitarian crisis.

Russia sent paratroopers to protect its airbase in Kyrgyzstan but rejected requests from Bishkek to help end the unrest, the worst since President Kurmanbek Bakiyev was ousted in April.

Officials said 113 people have been killed in three days of clashes and 1,400 injured.

Interim Kyrgyz President Roza Otunbayeva's provisional government late Saturday gave security forces shoot-to-kill orders to protect civilians, amid growing calls from foreign leaders and aid groups to end the clashes.

"If we do not take opportune and effective measures the unrest could become much more serious and descend into a regional conflict," it said.

It tightened a state of emergency to a 24-hour curfew in the Osh region, where the violence erupted Thursday and extended the emergency rule across the country's entire southern Jalalabad region as fighting spread there.

Kyrgyz authorities sent five planes of soldiers from Bishkek to Jalalabad, government radio reported, while the defence ministry mobilised all army reservists between the ages of 18 and 50.

But the violence raged on.

Many of the refugees flooding the Uzbekistan border village of Yorkishlok accused Kyrgyz law enforcement officials of siding with the marauding gangs of ethnic Kyrgyz.

"They are killing us -- all the Uzbeks -- one after the other!" Rani, 51, told AFP after quitting her home in the Osh region. "I fled. I don't know what happened to my children and my grandchildren.

Uzbekistan called the violence an organized bid to inflame ethnic tensions, as it officially allowed people over the border for the first time.

"In the whole of the Andijan region, 32,000 adult refugees have been registered," Abror Kosimov, the head of the regional emergency services told AFP. The number of child refugees was in the thousands, he added.

A police official put the total number including children at more than 80,000.

In Kyrgyzstan's south, panicked residents described mounting chaos.

"The authorities are not doing anything to stabilise the situation... We are not even able to collect bodies from the streets," Ruslan, an Osh resident who preferred not to give his surname, said by telephone.

"The truth and the enormity of the tragedy cannot be hidden. The city centre is under the control of bandits."

In Jalalabad, where the worst of the fighting now appears to be centered, local resident Sergei Kim, described gunbattles throughout the city.

"There are shoot-outs going on in the streets and many people. A gang is moving in the direction of the university," he said.

"The authorities are completely overwhelmed, as are the emergency services," said Severine Chappaz, the deputy head of the International Committee of the Red Cross (ICRC) mission in Kyrgyzstan.

Andrea Berg, Central Asia researcher at Human Rights Watch, who until Sunday was trapped in Osh by the fighting, repeated HRW's call for international action.

"People are desperate to escape the violence but without international assistance there's no way out, and every minute of delay is costing lives," she said.

The provisional government has struggled to impose order since coming to power during deadly riots that ousted Bakiyev and left dozens of people dead.

Bakiyev, exiled in Belarus, dismissed as a "shameless lie" any suggestion that he was linked to the violence.

Since April's uprising, foreign leaders have warned of the risk of civil war in the strategic state, which hosts both a US airbase outside the capital Bishkek that is vital to its operations in Afghanistan and Russian bases.

UN Secretary General Ban Ki-moon expressed alarm Sunday at the scale of the violence, its inter-ethnic character, the mounting casualties and the large number of displaced people, his spokesman said in a statement.

Russian President Dmitry Medvedev called on Kyrgyzstan to "restablish order as soon as possible", the Kremlin said in a statement quoted by Russian news agencies.

http://www.dtinews.vn

CapitaLand says will spur assets in Vietnam ten-fold

Singaporean-based CapitaLand Limited is pressing ahead with a plan to expand its presence in the real estate sector in Vietnam by pledging to grow business here to 10% of the group’s total assets from the current 1%.

“CapitaLand targets to grow the business in the country to 10% of the group’s total assets from the current 1% over the next three to five years,” Liew Mun Leong, president and chief executive officer of CapitaLand Group, said on Tuesday.

He told a news briefing held at the company’s condo project The Vista in An Phu Ward in HCMC’s District 2 that the group has identified Vietnam business as its fourth pillar of growth after the core markets of Singapore, China and Australia.

Liew said that CapitaLand has invested in Vietnam with total asset worth US$1.2 billion, and that residential development would be a highlighted segment that the company will continue to develop in Vietnam market in the years to come.

Among developing projects, the Singaporean developer on Tuesday celebrated the topping-out for The Vista project in HCMC’s District 2, announcing to finish main structural works of its first residential project in Vietnam after three years of construction.

The Vista, which is jointly developed by CapitaLand and two local developers comprising Thien Duc and Phu Gia companies, has five blocks of 28-storey residential towers with 750 residential apartments, 100 serviced apartments and some 35,000 square meters of commercial spaces. Some US$200 million have been invested in the residential project.

The developer said some 630 out of 850 residential and serviced apartments of the condo project had been sold with prices ranging from US$1,800 to US$2,000 per square meter. The project will be up and running by June next year.

“We are proud to have successfully topped-out The Vista on schedule, notwithstanding the recent global economic downturn,” said Chen Lian Pang, chief executive officer of CapitaLand Commercial Ltd for Southeast Asia region.

“This is a statement of our real estate delivery track record as well as our commitment to Vietnam as a key market for CapitaLand,” Chen said.

The group has set its foothold in Vietnam with residential and serviced residences projects in major cities including Hanoi, Haiphong, Danang and HCMC, including four residential projects with 4,000 residential units and eight Somerset-branded properties with 1,300 serviced apartments in the four cities.

Liew said the company would look into middle-income earners for affordable apartment projects development in the coming years.

He said strong economic growth, rapid urbanization and young and growing population have made the country a promised market for the Singaporean developer who wants to be a long term real estate player in the country.

CapitaLand is one of Asia’s largest real estate companies, active in real estate, hospitality and real estate financial services in 110 cities in 20 countries in Asia Pacific and Europe.

Source: SaigonTimes

Vinpearl launches luxurious villas in Danang

Vinpearl Co. has launched the sale of villas in Vinpearl Danang Luxury Resort & Residences project in the central city of Danang priced from US$1.5 million each.

Located in Ngu Hanh Son District’s Hoa Hai Ward, the project covers 15.4 hectares to include high-class villas and hotels. The project is developed at total investment of US$100 million.

The land use purpose of the 39 villas in the project has been transferred. So Vietnamese customers will receive house ownership right books and foreigners can lease the villas for 70 years, said Vinpearl chairman and general director Nguyen Trong Hien The project is expected to complete in 2011 after it began construction last November.

Source: SaigonTimes

Vietnam to inspect golf projects

All golf course projects nationwide will be inspected next month as the number of projects exceeds a national golf course zoning plan, the Ministry of Natural Resources and Environment said.

Under the zoning plan approved by Prime Minister Nguyen Tan Dung, in addition to 19 golf courses already in use, 70 others will be built.

However, between July 1, 2006 and June 4, 2008, the administration of provinces and cities greenlighted 128 golf projects, the ministry said in a report to the National Assembly (NA), Vietnam’s legislative body, on June 7.

The results of the inspection will be reported to the NA at its next one-month long session starting at the end of this year, the ministry said.

The ministry also said it would coordinate with other relevant ministries and agencies to regulate the kinds of land that could be used for building golf courses.

It suggested that a golf course could use a maximum of five hectares of rice fields which produce only one harvest a year, but its investor must compensate by giving the government a sum of money that is enough to convert five hectares of unusable land into farmland.

Source: ThanhnienNews

Deputies turned off by housing tax

The 12th National Assembly has decided, at its ongoing seventh session, not to impose a property tax on homeowners. According to the National Assembly’s Standing Committee, most deputies did not agree with imposing property taxes on homeowners.

Getting low income people into housing is a priority

“After careful consideration and discussions over opinions from National Assembly deputies and the public, the Standing Committee agrees that housing taxes should not be imposed now,” said the National Assembly’s vice chairman Nguyen Duc Kien.

Under the National Assembly’s draft law on housing and land tax, the law will focus on imposing taxes on housing and non-agricultural land. The taxes will enhance the government’s management of the real estate market, encourage people to save and effectively invest in land, reduce speculation and help Vietnam reach international housing and legal standards.

A Standing Committee report said the public did not agree with property taxes, because it would financially burden them while the country’s economy remained unstable. “During our meetings with local people, they said they would be very happy if their houses are not taxed,” said Nguyen Duy Huu, a deputy from Dak Lak province.

“One of the targets of housing and land tax is to limit housing speculation. But, in fact the value of land and housing is closely linked with the value of land and speculation has been focused on land. Thus, limiting speculation means that land must be managed, not housing on land. It will be hard to apply a housing tax now, due to the country’s insufficient different conditions,” the report said.

For example, chairman of the National Assembly’s Finance and Budget Committee Phung Quoc Hien said houses in Hanoi were sold for far higher prices than in Lai Chau province, just thanks to its better location. “Thus the law needed to focus on land taxes only,” Hien said.

However, some National Assembly deputies did not agreed with the decision. Vu Hong Anh, a deputy from Hanoi, said housing should be exposed to tax. He said at present, the housing and land market in most localities, especially big cities like Hanoi, Ho Chi Minh City, Haiphong and Danang was strongly developing, with assorted high-end housing, offices and villas.

Moreover, the country’s Housing Law issued in 2005 and Real Estate Business Law issued in 2006 have enabled the public and economic sectors to develop housing for lease and sale. This has led to land and housing speculation which prevents low-income people to buy housing and land.

“So I think that there must be tools to manage the country’s housing market so that low-income people can buy housing. One of the tools must be tax, which proves to be effective in managing the housing market,” Anh said.

Sharing Anh’s view, deputy Tran Du Lich from Ho Chi Minh City said: “During a short trip from Hanoi’s Noi Bai international airport to Hanoi’s centre, many unoccupied villas can be seen, while so many people in the country are not able to own a home.”

According to him, it was necessary to apply a housing tax. “But, the law needs to impose taxes on those having many houses and land. That is a way to manage the country’s real estate market,” Lich said.

“All land nationwide needs to be re-examined. Otherwise, the law would be difficult to be approved,” he said.

Source: VIR

Developer gets nod to build 20 sqm efficiency apartments

Customers study a sample efficiency apartment of Dat Lanh Real Estate Company in Ho Chi Minh City.

Vietnam's Ministry of Construction has approved a proposal to develop 20 square meter apartments on a trial basis to meet the high demand for housing in Ho Chi Minh City.

The Dat Lanh Real Estate Company, which came up with the proposal, says these apartments, costing VND300 million (US$15,800) each, would be suitable for single people.

Vietnam’s Housing Law stipulates that an apartment should have a minimum area of 45 sqm, but the Ministry of Construction said if demand for small-sized apartments is high, the city can carry out such a project on a pilot basis.

The ministry has asked the municipal administration to study the demand for apartments of 20-45 sqm and provide guidelines for Dat Lanh to implement the pilot project.

Dat Lanh’s proposal sparked a month long debate over the viability of super small apartments. Some experts slammed the idea on urban management concerns, while realtors welcomed it as a move to tap a promising market segment hitherto ignored by developers.

Source: ThanhnienNews

Korean firm launches first condo project in town

Korean developer GS late last week launched its first luxury condominium project named Xi Riverview Palace in Thao Dien Ward in HCMC’s District 2 in Vietnam after three years of construction.

Han Wook, chief of GS’s sales office, said that 180 apartments are available to homebuyers in the first sales phase, with prices starting from US$2,185 per square meter.

According to Han, the developer has invested some US$100 million to develop the condo project, which has three 27-storey building blocks with 270 apartments from 144 to 201 square meters each. The development boasts other facilities such as a swimming pool, tennis court, fitness center and indoor golf facility.

Korean developer GS has utilized condo-applied advanced technology with a home network system to include remote access controls for gas and lighting, and a master key system providing access control for all residents.

Marc Townsend, managing director of CB Richard Ellis Vietnam (CBRE), which has been appointed as the project’s sales manager, said that the residential market was recovering, boosting investors’ confidence.

The project is still under construction and is scheduled for completion by the end of next year.

Source: SaigonTimes

Realty firms launch new project and sales program

Long Binh Sonadezi Company has teamed up with Dat Xanh Dong Nai Real Estate Corp to launch a residential project in Trang Bom Town in the southern province of Dong Nai, about 50 kilometers from HCMC.

The developers say they will use about VND400 billion to develop 270 row houses and villas on around nine hectares. The project is part of a new urban town of 55 hectares.

Phan Dinh Tham, general director of Sonadezi Long Binh, says selling prices will be from VND1.1 billion to VND2.5 billion a unit, depending on size and phase of development.

Banks will offer loans of 70% to 100% of the total value of a villa, to be repaid for up to 25 years.

Tham says the project, to be completed by 2014, sees its potential buyers as expatriates working at industrial parks in the province.

Khang Dien Housing Trading and Investment JSC hosted a gala dinner at the Legend Hotel in HCMC over the weekend to welcome the first 60 villa-owners at its luxury project Villa Park, being developed at Lien Phuong Street, Phu Huu Ward in HCMC’s District 9.

The project-owner says positive feedback from the market is encouraging the company to launch a second sales program: 60 villas were sold in the first phase, only two days from launch. Prices are ranging from VND3 billion to VND9 billion a unit.

Villa Park is jointly developed by Khang Dien Co and Prudential Vietnam Fund Management Co, a Prudential subsidiary. It has 213 villas and garden row houses and serviced utilities such as swimming pools, Jacuzzis, barbecue gardens, sport clubs, tree parks and a kindergarten. VND1.5 trillion was allocated for the first phase of the residential project.

The developer says model villas will be launched by August, and the first phase of handover is set for late next year. This is one of 14 property projects that Khang Dien has developed in HCMC’s districts 2 and 9, where infrastructure is being developed to link the fringe districts to the city’s center.

Ahead of the luxury residential project, Khang Dien had broken ground for a condo project in Binh Trung Dong Ward, District 2, to provide around 1,000 apartments for middle-income people in the city.

Source: SaigonTimes

Steelmakers ignore oversupply

Steel companies have expanded production by building new plants or increasing capacity, despite warnings about an oversupply of steel from government agencies.

The Viet Nam-Germany Steel Pipe Joint-Stock Company (VG Pipe), for example, has opened a factory with a production capacity of 350,000 tonnes of construction steel a year.

Le Phan Duc, deputy general director of VG Pipe, said the company had traded in construction steel before building a pipe steel factory in 2002.

Although pipe steel is now the company's main product, VG Pipe continues to trade in construction steel. Because of its distribution system and customer base, the company is confident that it can find buyers for its products.

Pham Chi Cuong, chairman of the Viet Nam Steel Association, said the Hoa Phat Group recently opened a new production line for construction steel, while Vinakyoei Joint-Stock Company raised its production capacity to 500,000 tonnes from 300,000 tonnes per year.

The Government last year called a halt to licensing of steel projects that do not have guaranteed sources of iron ore or do not make special steel, but many localities still granted licenses for common steel projects, according to Cuong.

"It could lead to a drastic competition to scramble for customers, with many steel plants operating below their designed capacity," Cuong said. "It's unreasonable if we continue to license foreign investors for steel projects that produce normal construction steel."

The production capacity of existing steel plants was too high compared to domestic demand, while export markets for steel products had not showed a clear sign of recovery, he added.

Once giant projects as the steel complex and Son Duong Port by Fomosa Heavy Industries Corp loated in the central province of Ha Tinh, or the steel project invested by Taiwan-based Guang Lian in Dung Quat Economic Zone are put into operation, supply will further exceed demand.

According to the Ministry of Industry and Trade, the country has 65 steel projects, 32 of which have been licensed by local authorities. These are not included in the Steel Development Plan and were not approved by the Government.

As a result, many steel projects have had to cease operations due to material shortages, causing large amounts of waste.

Source: VNS

Property data compiled

Price indices and transaction values recorded through trading floors and revenues will form the basis of national statistics norms for the real estate industry starting from July. The move is intended to make the industry more transparent.

The ministries of construction and finance will be responsible for reporting data relating to real estate activities. The Ministry of Construction will also have to clarify the country's construction and estate price indexes annually together with the current consumer price index and import and export values in different price groups.

On a quarterly basis, construction price indices will have to be compiled by the ministry as well.

One area that has attracted particular attention in the system's investment and construction figures group is that of housing construction, which comprises a range of statistics including production value, area, the number of low-income houses constructed a year, and coverage of urban planning in different localities.

The new statistics system will provide more detailed regulations than the current one.

Under the new rules, the Ministry of Planning and Investment will have to disclose not only the number of newly-established enterprises but also those which have been dissolved, gone into bankruptcy or have had their business licenses withdrawn.

Prime Minister Nguyen Tan Dung asked the Minister of Planning and Investment to standardise definitions, contents and calculating methods of each norm in the system before disseminating them nationswide.

Source: VNS

Welcome to Vietgarden

As one of the International Distributors of fountain equipment for villas, resorts and commercal areas, Vietgarden has successfully provided consulting, distribution and design services for dealers and contractors in 64 provinces within Vietnam. We provide a specialist support and training for the professional contractors to ensure the job is done right the first time!

Located in Ho Chi Minh City, Viet Garden is available to provide professional, friendly advice to contractors, dealers and project owners right across Vietnam.

Customers Come First – Always
Vietgarden works hard to ensure the success of all of its partners – from the dealers, contractors and through to the enduser customers. Vietgarden provides a wide range of technical support programs; education and training; and business development initiatives. In addition, Vietgarden constantly coordinates customer feedback sessions through both its own company and also via respected industry associations and facilitators around the Vietnam. This kind of communication is vital to our ongoing success.

Quality & Durability Equals Lasting Value
Quality products, complemented by an outstanding level of customer support, are at the cornerstone of any company that plans on enjoying a solid customer reputation for years to come. Vietgarden has long been known for delivering the industry’s highest levels of: quality; durability; ease of installation; and after sales service. These attributes have enabled Vietgarden to be recognized as a leader within the fountain field resulting in some of the lowest warranty costs and callbacks in the industry.

A Winning Corporate Strategy: Focused nationwide.
From the beginning, Vietgarden’s corporate strategy has been to focus predominantly on providing the highest levels of value and service to the fountain professional. A key result of this focus has resulted in the establishment of anationwide professional contractor network spanning all 64 provinces.These combined strategies and focus means a Vietgarden customer knows they are getting a professional cost effective investment!


Website: www.vietgardens.vn

Mother of downed pilot finds peace helping people in Vietnam

On Jan. 6, 1969, The Bellingham Herald published an engagement photo of U.S. Army Lt. Daniel Cheney, whose parents lived just north of Bellingham, and Gail Higgins, a student at then-Western Washington State College.
Bernard and Rae Cheney lived near Bellingham when their son, Daniel Cheney, shown in this undated photo, was killed in 1969 while flying a Cobra helicopter in Vietnam.

The same day and half a world away, Cheney and his co-pilot died in Vietnam when their helicopter was hit while providing cover fire for a downed pilot. Cheney was 21 years old.

"That has to be the most tragic, devastating experience a mother can ever have, to lose a child," said Rae Cheney, his mother. "There are no words to describe it."

Cheney now lives on Bainbridge Island. She moved there in 1994, after her husband died, to be near her youngest daughter, Jerilyn Brusseau.

Dan was the youngest of three Cheney children, and the only boy. Heartbroken over his death, his mother searched for some reason to reach out, to contribute in a positive way.

Brusseau offered her mother a path to healing in 1995, the year the United States normalized diplomatic relations with Vietnam. Brusseau had been active for years in efforts to foster international accord. Ever since the death of her brother, she knew she wanted to do something to help people in Vietnam.

When diplomacy reopened doors there, she and her husband started PeaceTrees Vietnam, a nonprofit program that removes landmines and other unexploded ordinance in Vietnam and replants the cleared land with trees.

Early on, Brusseau asked her mother to write thank-you notes to the program's donors.

"She said, 'All right, I can do that,'" Brusseau said. "She's still doing it."

Over the years, Rae Cheney, now 89, joined her daughter on the program's board of directors, and has written and addressed by hand an estimated 8,000 thank-you notes.

"It did not heal a broken heart," she said, "but it did give me a purpose."

Cheney now speaks publicly about the need for reconciliation with the people of Vietnam, and on Sept. 5 will fly to Vietnam, for the first time, for the dedication of a school named for her son and a library named for her.

"Her story is transforming sorrow into service," Brusseau said. "She's become a spokesperson on behalf of healing."

MOVED TO WHATCOM COUNTY

Rae Cheney and her husband, Bernard "Bun" Cheney, grew up in Montana. After World War II, they lived in Snohomish and Vancouver, Wash., before moving to Bellingham in 1965 when her husband, a state worker, was assigned to oversee livestock auctions in Everson, Lynden and points south.

She worked in Bellingham as a head teller at National Bank of Commerce, and later trained workers at Bellingham National Bank.

Dan visited Bellingham, but didn't live here. He graduated from high school in Vancouver and attended community college there before enlisting in the Army.

"There's no doubt in my mind that Dan would be a lifer today," his mother said.

In 1996, Brusseau and her husband prepared to lead PeaceTrees' first delegation to Vietnam, but he died suddenly before departure. Rae Cheney wanted to help her grieving daughter, but wasn't emotionally ready to join her in Vietnam. So she gave her daughter Dan's commendation medals, to be buried beneath the first tree planted in Vietnam.

PeaceTrees focuses its work in Quang Tri Province. Located in the narrow middle of the country, it used to be northernmost province of South Vietnam.

"It's considered the most severely bombed territory in the history of the world," Brusseau said.

So far, PeaceTrees has removed nearly 50,000 landmines and other ordinance from more than 300 acres, and has planted more than 40,000 trees. To further help residents of the region, PeaceTrees has erected a village for 100 people, supports health care and other services, and has built four kindergartens and eight libraries.

The fifth kindergarten and ninth library - the ones to be named for Dan and Rae Cheney - are nearing completion and will be dedicated Sept. 10. About 15 people plan to make the trip.

"People are so thrilled that mom is going," Brusseau said.

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