Vietnam clears resort plan: coastal project could snag negotiations

Article Abstract:

Fujiken Real Estate Co of Japan has obtained approval from the Office of Prime Minister Phan Van Khan to develop Lang Co Beach located in the south of Hue in Central Vietnam. The proposed $1 billion beach resort project would be one of the biggest foreign development projects in Vietnam. The self-contained resort will have a convention hall, a golf course, car and horse race tracks, marine park, leisure center and other amenities. However, the prime minister's office said the acreage proposed for the resort is too large and the company would have to negotiate for a smaller parcel with the Ministry of Planning and Investment.

Subdividers & Developers, Subdividers and Developers, Real estate developers, Foreign operations, Resorts, Fujiken Real Estate Co.

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Business ardor for Vietnam cools as profits prove coy

Article Abstract:

The influx of foreign investments into Vietnam is beginning to decline as regulatory procedures cut business profitability in the country. Vietnam's Ministry of Planning and Investment reports that direct investment in the country has dropped from $1.13 billion in 1995 to $591 million in 1996. Japanese investors still continue to enter the country, however, despite discouraging red tape, difficulties in land acquisition, high taxes and vague investment rules.

Administration of General Economic Programs, Net Foreign Investment, Foreign Investment Regulations, Foreign investment laws

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Building on a lucky feeling

Article Abstract:

Luks Industrial Co. has invested in the Vietnam property market despite the country's uncertain future. However, the political climate in the country is still unstable, and bureaucracy proliferates in the country. The company is optimistic that foreign investments will start pouring into the country, and these foreign companies will need the office space that the company is currently building.

Subdividers and developers, not elsewhere classified, Office & Commercial Developers, Management, Real estate industry, Commercial developers, Luks Industrial Company Ltd.

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