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Morning Digest
The Saigon Times Daily
Thursday,  Jun 14, 2018,08:58 (GMT+7)

Morning Digest

The Saigon Times Daily

The property market developed signs of cooling in the first five months of the year, according to HoREA - PHOTO: PHAM LE

Real estate market cools

The property market developed signs of cooling in the first five months of the year, Thanh Nien newspaper reported, citing a report of the HCMC Real Estate Association (HoREA).

In the five-month period, 29 projects were introduced, a year-on-year decline of 9.4%. Besides, nearly 9,200 apartments were put up for sale, plunging 44.5% against the year-ago period.

HCMC to build new opera house in Thu Thiem

The HCMC People’s Council will next month consider a project to develop a 1,700-seat symphony-opera-ballet theater worth some VND1.5 trillion (US$65.6 million) in Thu Thiem New Urban Area in District 2.

According to the Department of Culture and Sports, the project will be funded by the city’s budget.

Cement firms expand production despite oversupply

Though cement production capacity reaches nearly 100 million tons per year, far higher than domestic demand, producers are still scaling up production, Lao Dong newspaper reported.

According to the Vietnam National Cement Association (VNCA), domestic cement consumption was only 60.27 million tons last year because of a shortage of construction sand and impacts of storms and floods on construction projects.

HCMC seeks autonomy for metro line construction

The HCMC government has written to the Ministry of Transport seeking decision making power for conducting urban railway projects, according to a report in Nguoi Lao Dong newspaper.

Experts also agreed that if the city has autonomy, work on metro line projects can be accelerated.

Ministry says no to boat stop in Halong Bay

The Ministry of Culture, Sports and Tourism has written to the government of Quang Ninh Province declining to support building a tourist boat stop in the core zone of Halong Bay.

The ministry said the project would become an eyesore for a World Heritage site like Halong.

Central Group, Big C to export litchi to Thailand

Central Group and Big C Vietnam will start exporting the first shipments of Luc Ngan litchi cultivated in Bac Giang Province to Thailand in the next two weeks, Nguoi Lao Dong newspaper reports.

Litchi exports to Thailand this year are expected to surge threefold year-on-year.

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