FDI project construction underway despite slow market

Wednesday, May 29, 2013 17:10

Amata is building Amata trade centre in the southern province of Dong Nai. Photo Vietpress

DONG NAI (Biz Hub) — Among 11 registered property projects licenced for foreign direct investment in the southern province of Dong Nai, only five are being carried out, said the province's Department of Planning and Investment.

They are Amata trade centre, Dai Phuoc Hoa Sen residential area, Nhon Trach building, Gold Tower and Phu Dac social housing. The five projects are worth US$828 million.

Investors in another four projects with a total investment capital of $1.56 billion have cleared construction sites. They are Long Tan residential area of Tae Kwang Vina, Phu Hoi residential area by Licogi 16, Vinaland Eastern and Vinaland Heritage, new resident area Aquacity and Waterfront city.

The two projects not yet begun are the workers' living area of Formosa Company and dormitory of Hyosung Vina.

The department said the two investors and owners of the would-be construction sites have not compromised on compensation payments.

The province's statistics show office vacancies stand at 14,000sq m while there are 1,100 flats remaining for sale. —VNS

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