Monday , November 25 2024

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Hai Phong breaks ground on $106M administrative center

The northern port city of Hai Phong has begun construction of a VND2.5 trillion ($106.52 million) administrative center to host different government agencies, according to local authorities. The center in the suburban district of Thuy Nguyen will consist of 14 units; two of them will have 15 floors. The project …

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Industrial property rents down 3%

Industrial property rents down 3%

Rents for ready-built factories dropped by 3% year-on-year in the south last quarter, property services company Cushman & Wakefield said. The average rent was $4.6 per square meter per month. Demand for and occupancy rates of ready-built warehouses also decreased, mainly because exports weakened from earlier in the year, it …

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