Experts speak out over Han River property projects

Experts, scientists and architects agreed that a construction boom along the Han River over past decade had impacted on the river flow, erosion and floods, and could result in environmental tragedy in the future.

Experts speak out over Han River property projects
The Marina Complex on the backfilled Han River in Da Nang

The above opinions were discussed at a conference on the development of real estate projects in the central city yesterday following public concerns of construction projects.

The conference, which was hosted by the city’s Fatherland Front, heard reports from scientists and experts reviewing the environmental impacts development projects exert on the east Hàn River.

Architect Hoang Su, from the city’s architecture and planning association, said 2,000ha of land, lakes and ponds in the Han River upstream – which used to contain 60 million cu.m of flood water – had been cleared for the development of 10 urban and property projects in the past 10 years.

He added that urban and property projects including Nam Viet A and booming high-rise buildings along the Hàn River had occupied large area of the river banks.

Chairman of the city’s architecture and urban association, Phan Đức Hải, said some projects had narrowed the Hàn Estuary from 700m down to 560m or even 500m.

"Như Nguyệt Road had taken up 100m of the river to the west, while a seafood processing zone had taken 200m down the river to the east. New urban and living quarters had been built on the backfilled river expansion area from 2005-12,” Hai said.

He urged for an independent reassessment on the environmental impact of the property projects.

He also asked for transparency regarding reassessment information of these projects.

 

Tran Van Thiet, vice chairman of the city’s union of science and engineering organisations, raised his doubts about the legality of the Marina Complex as it had been adjusted four times between 2009-17.

He said the city had reduced the scale of the project from 17.5ha to 11.7ha.

In the final adjustment decision in 2017, the city reduced plans for the project from 13 towers to two towers and 57 villas.

Nguyen Thi Nhu Loan, CEO of Quoc Cuong Gia Lai Company, said the Marina Project had been reduced by 40 per cent from the city’s initial approval in 2011.

She said the area for public transport and parks was increased from 0.7ha to 2.4ha in the final plan in 2017.

He said the project had completed infrastructure and river dykes for the project.

Vice chairman of Da Nang City's People's Committee, Dang Viet Dung said the city had asked relevant departments and agencies to check and inspect the legal framework and environmental impact of property projects on the Hàn River.

Dung said the city would submit detailed reports on the project to the Prime Minister soon. — VNS

 
 

Other News

.
E-commerce M&A activities ready to take centre stage
E-commerce M&A activities ready to take centre stage
BUSINESSicon  25/11/2020 

As brick and mortar shopping falls in popularity during the pandemic, online shopping platforms took have increased presence among Vietnamese consumers. 

Realty stocks are attractive: experts
Realty stocks are attractive: experts
BUSINESSicon  25/11/2020 

Though difficulties caused by COVID-19 were reflected in the business results of listed realty firms, experts are still optimistic about the market. ​

Banks to deduct tax payments from clients’ accounts
Banks to deduct tax payments from clients’ accounts
BUSINESSicon  25/11/2020 

Banks will be able to deduct the tax payments of suppliers based in foreign countries—that conduct e-commerce or digital transactions with organizations and individuals in Vietnam—from their bank accounts,

Vietnamese farmers sell farm produce via smartphones
Vietnamese farmers sell farm produce via smartphones
FEATUREicon  25/11/2020 

An eel farm of an older man brings turnover of nearly VND10 billion a year, and 99 percent orders are online. Another farmer sold 26 tons of rambutan by contract after putting goods on online sale.

Aviation industry awaits new bigger bailout
Aviation industry awaits new bigger bailout
FEATUREicon  25/11/2020 

Private airlines including Vietjet Air and Bamboo Airways struggling to survive are looking forward for a new support package to maintain their operations.

Black Friday: World under Covid-19 bans, but Vietnamese excited
Black Friday: World under Covid-19 bans, but Vietnamese excited
BUSINESSicon  24/11/2020 

Around the world, Black Friday this year may be very dim because of Covid-19 pandemic. But in Vietnam, people are enjoying the safety of a "new normal", squeezing together to buy discounted goods at shopping malls.

Vietnamese industrial market update – Rise of coastal industrial zones
Vietnamese industrial market update – Rise of coastal industrial zones
BUSINESSicon  24/11/2020 

The demand for industrial property at coastal regions is high, but the supply of industrial land ready to hand over in industrial zones in both regions was scarce.

Improved business environment is the key to FDI not tax and land incentives
Improved business environment is the key to FDI not tax and land incentives
BUSINESSicon  25/11/2020 

ASEAN countries need to choose between recovery based on wasteful competition for investment or coordination, cooperation, and joint hands to generate sustainable tax revenue to spend on health, education,

FDI possible in digital cross-border services
FDI possible in digital cross-border services
BUSINESSicon  24/11/2020 

With regional nations racing to lower their taxes in order to woo more investment, which may dent their coffers, creating feasible policies for collecting taxes is expected to help reach their goals of attracting more high-quality funding.

RCEP will not worsen trade deficit: ministry
RCEP will not worsen trade deficit: ministry
BUSINESSicon  24/11/2020 

The Regional Comprehensive Economic Partnership (RCEP) would not worsen the trade deficit Vietnam was running with signatory markets, according to the Ministry of Industry and Trade.

HCM City hopes to attract investment by allotting more lands in IPs, EPZs for infrastructure
HCM City hopes to attract investment by allotting more lands in IPs, EPZs for infrastructure
BUSINESSicon  24/11/2020 

HCM City authorities plan to offer competitive land rents and other incentives at industrial parks (IPs) and export processing zones (EPZs), and earmark more lands for building infrastructure to attract investment.

HCM City seeks ideas for underground space planning through international competitions
HCM City seeks ideas for underground space planning through international competitions
BUSINESSicon  24/11/2020 

The HCM City Department of Planning and Architecture has reported to the city People’s Committee on underground space planning and underground space management regulations.

RCEP will not make the trade deficit with China worse: MOIT
RCEP will not make the trade deficit with China worse: MOIT
FEATUREicon  24/11/2020 

Worries have been raised that RCEP will lead to a higher trade deficit with partners, especially China. But the Ministry of Industry and Trade (MOIT) doesn’t think so.

Lofty goals achievable through stable regulations
Lofty goals achievable through stable regulations
BUSINESSicon  25/11/2020 

The Ministry of Planning and Investment aims to have 15 Vietnamese private companies with market capitalisation of over $1 billion each by 2025, with that target increasing to 20 by 2030.

Preliminary decision on tyre exports flusters the market
Preliminary decision on tyre exports flusters the market
BUSINESSicon  24/11/2020 

The global demand for rubber and tyre products has been consistently increasing throughout the last decade, with Vietnam being one of the top suppliers of these items.

17th CAEXPO to benefit China-Vietnam cooperation
17th CAEXPO to benefit China-Vietnam cooperation
BUSINESSicon  23/11/2020 

China and Vietnam are friendly neighbors connected by mountains and rivers, and have achieved fruitful results in the sustained economic and trade cooperation. 

The path for digital business in Vietnam
The path for digital business in Vietnam
BUSINESSicon  26/11/2020 

Digital transformation is taking place across industries in Vietnam, with more enterprises succeeding in this journey. 

VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 25
VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 25
BUSINESSicon  25/11/2020 

State Bank Operations Centre adjusts down USD rate for first time in 2020

More M&A deals in the banking sector next year: local media
More M&A deals in the banking sector next year: local media
BUSINESSicon  23/11/2020 

Vietnam’s equity market may witness big merger and acquisition (M&A) deals in 2021 as local banks are trying to lure foreign capital on the country’s participation in international trade deals.

Office rental rates to fall by end of year: experts
Office rental rates to fall by end of year: experts
BUSINESSicon  23/11/2020 

Office rental rates will continue to drop while supply will be in the non-central business district areas in HCM City in the coming time, according to property research companies.

 
 
 
Leave your comment on an article

OR QUICK LOGIN