Binh Dinh investors highly rate Diamond Square shopping mall
Shophouses and counters at Diamond Square shopping mall, the first modern one in Hoai Nhon town of Binh Dinh province, are winning over customers and investors in the central province and nearby localities of Danang city and Quang Ngai province.
Hoai Nhon town has always been a bright spot for investment of Binh Dinh province, featuring seven industrial clusters and investments of VND2.52 trillion ($106.8 million) from 37 investors, reaping a total revenue of VND2.18 trillion ($92.1 million) yearly. Until 2025, Hoai Nhon eyes to attract 69 investments with a total registered capital of VND54.62 trillion ($2.31 billion).
The planned mega Long Son Iron and Steel Complex and its specialized port, with a total investment of VND63 trillion ($2.66 billion), is the most notable one in the province. Binh Dinh authorities affirmed the project would make significant socioeconomic contributions and improve the lives of local people. The port project alone can employ 7,500 people, including 3,000 in the first phase.
Traffic infrastructure development is the key to Binh Dinh’s socioeconomic growth, said Ho Quoc Dung, chief of the province’s Party Committee. Such development can help boost investment attraction; and growth of businesses in industry, services, tourism and trade, he added.
With three economic pillars of infrastructure, tourism, and investments, Hoai Nhon’s economy is witnessing fundamental improvements, resulting in long-term growth and positive impacts on sectors of real estate and service.
Hoai Nhon and nearby areas boast strong potential for commercial realty projects amid the limited of commercial areas. In particular, Diamond Square shopping mall is highly rated for its prime location on the front of two streets, Tran Hung Dao and Tang Bat Ho. The 4,100 square meter facility has one basement and four floors, featuring 23 shophouses and 35 counters. The project has basically completed the foundation and is finalizing the construction of utility areas, market zone, and shophouses for early delivery to customers.
Diamond Square is expected to become a new commercial and entertainment symbol in Bong Son ward of Hoai Nhon town, bringing together a series of high-end fashion brands and famous culinary and entertainment brands, banking and financial offices, English teaching centers, conference and wedding centers, high-quality clinics, and others.
Investors can fully maximize their profits by utilizing commercial and multi-industry business at Diamond Square's shophouses and counters, said Pham Van Sung, project manager. With an attractive price from only VND33 million ($1,396) per square meter for shophouses and VND483 million ($20,428) per counter, investors have many options to maximize profits with the average value growth potential of 15-20%/year.
Additionally, customers and investors are subject to project investor’s policy of re-leasing the counter for VND5 million ($211.5) per month and shophouses for VND15 million ($634) per month, and policy of buying back the properties in the first 36 months with a profit of up to 22%.
In the near future, citizens of Bong Son wards and the surrounding area can experience a "shopping and entertainment paradise" at Diamond Square as dynamic as those in big cities.
Diamond Square - A Diamond Place for Prosperity
No. 29 Tran Hung Dao street, Bong Son ward, Hoai Nhon town, Binh Dinh province.
Hotline: 091 555 9160
Website: https://diamondsquarebongson.vn/
- Read More
HCMC's first metro line officially operational after nearly 2 decades
The first urban railway line in Ho Chi Minh City, named Ben Thanh-Suoi Tien, officially started commercial operations on Sunday after nearly two decades of waiting.
Infrastructure - Sun, December 22, 2024 | 2:17 pm GMT+7
Vietnam's 2025 GDP to grow 6.5% on robust infrastructure investment, consumer spending recovery: VinaCapital
Domestic factors, including a ramp-up in Government infrastructure spending, a revival of the real estate market, and a recovery of consumer spending, will help sustain Vietnam's GDP growth at a circa 6.5% pace next year, in-line with the National Assembly’s official target and with 2024 GDP growth, write Michael Kokalari, chief economist at VinaCapital.
Consulting - Sun, December 22, 2024 | 2:00 pm GMT+7
Vietnam shipping, seaport stock rally driven by rosy outlook in 2025
Many shipping and port stocks have risen sharply since November on an optimistic outlook for the industry driven by increasing throughput and a shift in container shipping alliances in 2025.
Companies - Sun, December 22, 2024 | 10:00 am GMT+7
Singapore’s Platinum Victory seeks to raise stake in Vietnam’s REE to nearly 45%
Singaporean fund Platinum Victory Pte. Ltd. has registered to buy another 16.8 million shares in Ho Chi Minh City-based utility firm Refrigeration Electrical Engineering Corporation (REE), aiming to increase its ownership to nearly 45%.
Finance - Sun, December 22, 2024 | 9:29 am GMT+7
1.8 km road connecting Lach Huyen Port terminals to be built in northern Vietnam
The Hai Phong Economic Zone Management Board has taken a significant step forward in enhancing infrastructure around Lach Huyen Port by establishing a council to appraise the environmental impact assessment for the road connecting terminals No. 3 to No. 6.
Economy - Sun, December 22, 2024 | 8:00 am GMT+7
Hanoi TikToker internationally wanted for involving in multi-billion-dollar scam
Hanoi police have issued an international arrest warrant for Le Khac Ngo, known as "Mr. Hunter," a key accomplice in a recently-dismantled massive foreign exchange and securities fraud ring.
Society - Sat, December 21, 2024 | 10:57 pm GMT+7
Unlocking Phu Quoc’s potential to become the 'Hawaii of the East'
Leading global tourism companies have remarked that Phu Quoc has "yet to receive the recognition it deserves," despite its impressive and unexpected growth rate.
Travel - Sat, December 21, 2024 | 7:20 pm GMT+7
Thai central bank maintains policy interest rate at 2.25%
The Thai Chamber of Commerce (TCC) has said it backs the decision by the Bank of Thailand, the country's central bank, to maintain the policy interest rate at 2.25%, considering the move as suitable for a reviving economy.
Southeast Asia - Sat, December 21, 2024 | 5:43 pm GMT+7
Vietnam's military-run tech giant Viettel strikes big deals at international defence expo
Subsidiaries of Military Industry and Telecommunications Group (Viettel) signed a string of significant contracts with major global partners during the first two days of the Vietnam International Defence Expo 2024 in Hanoi.
Companies - Sat, December 21, 2024 | 5:36 pm GMT+7
Taiwan’s Wistron acquires 37ha land lot in northern Vietnam for expansion
Taiwan-headquartered Wistron, a top electronics provider and an Apple supplier, will further its investment in Vietnam’s northern province of Ha Nam by acquiring another 37.1-hectare land lot.
Companies - Sat, December 21, 2024 | 2:08 pm GMT+7
VAFIE seeks to promote sci-tech development, intellectual property policies
The Vietnam’s Association of Foreign Invested Enterprises (VAFIE) aims to enhance policies for the development of science, technology, and intellectual property, creating a more conducive investment environment.
Companies - Sat, December 21, 2024 | 1:59 pm GMT+7
Vietnamese dong likely to depreciate 3% in 2025: VinaCapital
The Vietnamese dong is likely to depreciate 3% in 2025 on anticipation that the US Dollar/DXY Index will finish 2025 nearly unchanged, says Michael Kokalari, chief economist at Vietnam's leading fund manager VinaCapital.
Economy - Sat, December 21, 2024 | 11:23 am GMT+7
First luxury railway journey across Vietnam features Indochine architecture
PYS Travel has launched the first luxury railway journey across Vietnam named Sjourney, marking a new milestone in the railway tourism sector.
Travel - Sat, December 21, 2024 | 10:09 am GMT+7
Vietnam among 40 most beautiful countries: US publication
Vietnam has secured the 36th position in the ranking of the 40 most beautiful countries in 2024 in a testament to its undeniable charm and appeal, according to US News & World Report.
Travel - Sat, December 21, 2024 | 10:04 am GMT+7
Foxconn to invest $16 mln more in Vietnam’s Quang Ninh province
Competition Team Technology (Vietnam) Company Limited, a subsidiary of Foxconn, will invest an extra $16 million in its “S- Vietnam” project in the northern coastal province of Quang Ninh.
Industries - Sat, December 21, 2024 | 9:53 am GMT+7
Vietnam’s small- and medium-sized businesses embrace digitization to weather global expansion risks: survey
While global expansion remains a key priority for the country's small- and medium-sized businesses (SMBs), achieving this goal requires overcoming challenges by leveraging the right talent and advanced technologies, including AI, according to Payoneer’s findings.
Companies - Sat, December 21, 2024 | 7:56 am GMT+7