The city had allocated 801ha of land in District 9 for the park's first phase, but so far only just over 707ha have been cleared, causing delays in infrastructure development and trouble attracting investors.
The slow clearance and compensation would hold up the second phase, said Le Thai Hy, head of the management board. Hy also asked the committee to improve the traffic infrastructure for the park including Ha Noi Highway and Rach Chiec Bridge, adding that better road access would help attract investment.
Continued power shortages was another issue that needed to be resolved, Hy said, noting the park aimed to attract eight more investment projects this year and had an export value target of US$1 billion, Hy said.
Firm plans real estate investments
HCM CITY — Property Pacific and Infrastructure Development Joint Stock Co (PPI) will fund nearly VND5 trillion (US$238.1 million) to the real estate sector in 2011, according to PPI chairman Pham Duc Tan.
Projects include the PPI Tower, Sai Gon Water Garden Complex, Tuong Binh Hiep new urban area in the southern province of Binh Duong, and the second phase of the Ben Luc area.
Vinacomin forms chemicals unit
HA NOI — The Viet Nam National Coal and Minierals Industry (Vinacom) announced the establishment of the Vinacomin Mining Chemical Industry Ltd Co on Thursday.
It will operate as a subsidiary of the parent company and will offer self-contained research, production and transportation services. It plans to break ground on an ammonium nitrate factory, valued at US$240 million, in Vung Tau city.
Firm to develop tourism area
HA TINH — Thien Cam Development Joint Stock Co received the aproval of the Ha Tinh People's Committee to invest in the Bac Thien Cam tourism area. The company will provide VND10.3 trillion ($476.2 million) in investment to develop the area in the central province of Ha Tinh.
The project includes shopping and services, entertainment, a resort and spa, luxury villas and healthcare facilities. It is expected to be completed in 2017.
Ben Tre opens SME Week
BEN TRE — Ben Tre People's Committee on Thursday opened the 11th Small and Medium Enterprises Week and Trade&Industry Exhibition 2011 in the southern province.
The event attracted more than 140 enterprises in the locality and other provinces.
The exhibition featured 250 stalls promoting seafood products, coconut, rice garment and textile and handicraft.
The event created favourable conditions for local businesses to seek partners, expand business and share experiences.
HCM City to hold spa exhibition
HCM CITY — The second International Spa and Wellness Exhibition and Conference (ISWEC) will be held in HCM City in April, with 150 local and foreign companies taking part.
To be held at the Sai Gon Exhibition and Convention Centre in District 7 from April 21, the three-day event will showcase new equipment, technologies, and trends and products in the spa and wellness industries.
The exhibition will provide a forum for people to meet, compare notes and seek partnerships, said CP Saw, managing director of the Malaysia-based ECMI Trade Fairs SEA Sdn Bhd, one of the event's organisers.
Conferences with well-known spa experts will be held on topics such as staff development, competitive advantages, profits from authentic spa treatments and return on investment, marketing and products.Source: vnagency.com.vn
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