Sign up | Log in



Home  >>   Daily News  >>   Vietnam  >>Investment  >> Investors withdraw from parking lots
NEW UPDATES Asean Affairs    12 January 2015  

Investors withdraw from parking lots

HCM CITY (VNS)  — Nguyen Huu Tin, deputy chairman of the HCM City People's Committee, has instructed the Department of Transport and other relevant agencies to work together to draft preferential policies for attracting investment in underground parking lots in the downtown area.

His reaction came soon after two investors wanted to pull out of the projects citing low returns on huge investments.

The Viet Nam Urban and Industrial Zone Development Investment Corporation asked to withdraw from a proposed project to build a lot under Tao Dan Park in District 1 at an estimated cost of VND1.4 trillion (US$67 million).

The Indochina Group, the other would-be investor seeking to pull out, is to build under the Hoa Lu stadium at a cost of VND1.6 trillion.

Tin also called on related authorities to review parking space in downtown public places and high-rise buildings to calculate how much space is available – to tweak the designs of the proposed underground lots and determine their parking rates.

Meanwhile, work on the lot under District 1's Le Van Tam Park will finally start at the end of April following a four-year delay while procedures are being wrapped up for the one under Trong Dong Theatre.

Based on a 2008 master plan, the city is set to build eight underground lots in District 1

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           January 12, 2015 Subsribe Now !
• Yingluck says impeachment process against law Subcribe: Asean Affairs Global Magazine
• Insurers prepare $70 million for AirAsia, families
• Government tightens oil and gas trade regulation
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Thais call for ASEAN driver’s licence
• Investors withdraw from parking lots
Asean Analysis                    January 7, 2015

• Asean Analysis January 7, 2015
Laos Commits to Realizing the AEC
Advertise Your Brand

Asean Stock Watch    January  9,  2015
• Asean Stock Watch-January 9 , 2015
The Biweekly Update
• The Biweekly Update  November 28, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand