Currently, 54 businesses are operating in the zone, selling duty free goods to visitors, according to the its authority.
Although retail sales have fallen a little compared to previous years, contractual sales to other non-tariff areas like Tinh Bien, Lao Bao and Vinh Ba increased significantly.
CT Plaza chooses Korean contractor
HCM CITY — Korean group Kumho has been selected as the general contractor for the CT Plaza project on HCM City's Nguyen Dinh Chieu Street.
Construction will begin early next year on the VND1.6 trillion (US$80 million) project, invested by the CT Phuong Nam Joint Stock Company.
When completed in the third quarter of 2012, the 24-storey building in District 3 project will have a trade centre, hotel rooms and apartments.
New apartment project launched
HCM CITY — Developers Thai Duong Trading and Construction Joint Stock Co and Malaysia's Sova Holdings Sdn Bhd last Saturday introduced to the public a new apartment complex in the southern province of Dong Nai.
The complex is part of a US$47 million development project in Nhon Trach District that will comprise several villas, apartment buildings, hotels, a supermarket and an entertainment centre.
Work on the Cat Tuong Hung Phat apartment complex is set to be completed in 2012.
Knight Frank values property projects
HCM City — Knight Frank Viet Nam, an affiliate of Knight Frank LLP of United Kingdom, has made huge inroads in the property valuation and advisory business across Viet Nam with nearly VND20 trillion (US$1 billion) worth of property this year in the country.
Knight Frank has valued over 250 major projects across Viet Nam. They include Kinh Bac, Mapletree, Savimex, Charmvit, Protrade, Vinh Loc-Ben Luc and Nam Long.Source: vnagency.com.vn
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