A group of US and Vietnamese investors have sought Ho Chi Minh City’s permission to develop a US$4 billion complex of office and entertainment buildings, local media reported on Wednesday.
The project was proposed by investment company Cantor Fitzgerald, architectural company Steelman Partners, and Taiwan-based developer Weidner Resorts of the US’s Weidner Holdings, news website Dau Tu (Investment) said.
According to the plan, the complex will cover around 11 hectares at the new urban area Thu Thiem on the east of the Saigon River. Construction will be completed in more than three years, the website reported.
The complex is expected to attract both foreign and local companies, making it the city’s new financial center.
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Southeast Asian governments have generally not been very impressed by the Trump administration’s lack of commitment.
US cuts GSP trade benefits for Thailand
The US Trade Representative (USTR) announced that Washington will eliminate some tariff benefits for Thailand, saying the country has failed to allow imports of pork from US producers.
The Office of the United States Trade Representative (USTR) announced today that President Trump is suspending $817 million in trade preferences for Thailand under the Generalized System of Preferences (GSP) program based on its lack of sufficient progress providing the United States with equitable and reasonable market access for pork products.(more…)
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Interprovincial travel in Thailand amid COVID-19 controls
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Covid-19 puts flexible space markets under strain
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Thailand’s automotive sector expected to produce 1.4m cars this year
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