National Focus

Nomura ventures into large-scale township project in the north

By Quynh Chi November 09, 2020 | 10:59 AM GMT+7

Nomura Real Estate Development Co., Ltd. has agreed to participate in a condominium housing project within the Ecopark, a large-scale development project undertaken by local developer Ecopark Corporation in Hung Yen province.

Ecopark has been known as the green city

The Japanese developer is expected to build 3,000 apartments on a total floor area of 300,000 square metres once construction is completed in 2024-2025.

Participating from the early project stages, Nomura will be involved in the project from forming of the concept, all design processes, and quality management. The size of this investment has not been revealed yet.

The Ecopark project development is underway under the concept of a greentownship featuring a natural environment rich in greenery andwaterfront. Also promoting measures for a smart city with developmentof a bus application system and a self-driving car system underwayjointly with the group company Ecotek.

This will be Nomura’s first project participation in the north of Vietnam. In 2015, Nomura participated in the Phu My Hung project and has since been engaging in condominium housing projects and office building projects in the Ho Chi Minh City.

The Nomura Real Estate Group has positioned its overseas business as a growth field in itsnew mid-to-long-term business plan, and it plans to investapproximately $2.7 billion in overseas projects by the business term ending March 2028. 

Furthermore, by end of that term, with the aim of increasing its profit ratio to 15-20% overall, Nomura will continue actively expanding its overseas business by developing projects in new countries and growing its business in markets that it has already entered, such as Vietnam, the Philippines, Thailand and China.

New council to help unlock full potential of EVFTA

New council to help unlock full potential of EVFTA

National Focus -  4 year
The European Chamber of Commerce (EuroCham) and the Vietnam Chamber of Commerce and Industry (VCCI) has established a new bilateral forum to support the smooth and successful implementation of the EU - Vietnam free trade agreement (EVFTA).
New council to help unlock full potential of EVFTA

New council to help unlock full potential of EVFTA

National Focus -  4 year
The European Chamber of Commerce (EuroCham) and the Vietnam Chamber of Commerce and Industry (VCCI) has established a new bilateral forum to support the smooth and successful implementation of the EU - Vietnam free trade agreement (EVFTA).
CEO Group chairman unveils guide to Vietnam real estate for foreigners

CEO Group chairman unveils guide to Vietnam real estate for foreigners

National Focus -  1 month

Doan Van Binh, Chairman of CEO Group and Vice President of the Vietnam National Real Estate Association, introduced his latest book, “Vietnam Real Estate for Foreigners,” at a launch event in Hanoi on Friday.

Women leading the charge in Vietnam's green transition

Women leading the charge in Vietnam's green transition

National Focus -  2 month

Acting for increased women’s participation and leadership in climate action, Vietnam can accelerate a transition that is more inclusive, just, and impactful.

Steam for girls: A journey of passionate and creative girls

Steam for girls: A journey of passionate and creative girls

National Focus -  3 month

The "Steam for girls 2024" competition provides a creative platform for Steam and an opportunity for students to connect with peers from various regions within Vietnam and internationally.

Politburo backs North-South high-speed railway proposal

Politburo backs North-South high-speed railway proposal

National Focus -  3 month

The Politburo on Wednesday supported a plan to invest in a high-speed railway along the country’s North-South axis, marking a crucial step for the multi-billion-dollar project aimed at boosting economic growth and infrastructure development.

Ho Chi Minh City inaugurates Japan-funded wastewater treatment plant

Ho Chi Minh City inaugurates Japan-funded wastewater treatment plant

National Focus -  3 month

Ho Chi Minh City has inaugurated the expanded Binh Hung wastewater treatment plant, now the largest facility of its kind in Vietnam.

Electric vehicle market faces growth hurdles

Electric vehicle market faces growth hurdles

National Focus -  3 month

Vietnam's electric vehicle market, holding just 15 per cent of the automotive market share, shows promise but faces significant challenges in scaling up due to infrastructure and regulatory obstacles.