Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade ETHUSD, Bitcoin and Cryptocurrencies

BUY & SELL ETHUSD | View ETHUSD News & Updates

Buy Sell ETHUSD, Bitcoin and Cryptocurrencies

South Korean firm, Vietnamesehousing developer ink deal   2008-12-20 - ThanhNien

South Korean architect firm Gansam Partners has struck a deal with local housing developer Incomex Saigon Group in a bid to take advantage of the relatively faster growth of the Vietnamese real estate market.


Under the agreement signed Friday, the two companies will collaborate to offer architecture services to clients and set up a joint venture next year.

Kevin Kim, the Korean group’s International Division director, said Vietnam’s real estate market has recently grown faster than other countries and the group was already involved in the market with more than 15 projects in designing and formulating masterplans over the past three years.

“We want to get further involved in the market, so we are signing this deal with the developer who is experienced in the local real estate market,” said Kim.

Nguyen Kim Lan, Incomex Saigon’s chairman, said Korean designs and masterplans were appreciated by Vietnamese property developers and the deal would give his company the opportunity to learn from the skills and experiences of the Korean partner.

Gansam Partners also signed a deal to offer architecture services to HCMCbased Khang Thong Company which is developing a high-class housing project in an area of 42,000 square meters of District 7, HCMC. The two-block project worth VND800 billion (US$45 million) will have 200 apartments.

Other news

BUSINESS IN BRIEF 20/12   2008-12-20

Government ponders new refinery project   2008-12-20

Market extends gains on rate cut   2008-12-20

Gold drops nearly 3 pct as dollar rises against euro   2008-12-20

Philippines may buy less than 500,000 tons of rice from Vietnam   2008-12-20

Businesses complain that they cannot purchase dollars from banks   2008-12-20

BUSINESS IN BRIEF 19/12   2008-12-19

VN-Index tracks regional markets   2008-12-19

Few buyers for VN building ceramics   2008-12-19

Vietnam eyes more FDI in agriculture   2008-12-18

What are the sources for the $6 billion stimulus package?   2008-12-18

MOIT plans 10 more steel projects   2008-12-18

Top foreign-invested companies to take home Golden Dragon Awards   2008-12-18

PVN prepares for bad scenario when oil price plunge to $30   2008-12-18