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Update news Red River project
The Government Office has issued a statement conveying the conclusions of the Standing Government at a recent meeting regarding the implementation of the Red River landscape boulevard project in Hanoi.
On November 15, Prime Minister Pham Minh Chinh chaired a meeting of the Government’s Standing Committee to review the planning proposal for the Red River landscape boulevard and the Olympic sports urban area in Hanoi.
Hanoi is preparing to launch an ambitious riverside boulevard and landscape project along the Red River, with a proposed investment of 300 trillion VND (approximately $12 billion).
With sweeping infrastructure plans, Hanoi aims to turn the Red River into a cultural and ecological landmark.
VietNamNet Bridge - The names ‘Nguyen Duc Thuy’ and “Nguyen Van Thien’ have become well known these days as they are businessmen who have great ambitions and mammoth projects.
Many problems have hindered foreign-funded real estate projects in Hanoi and are deterring future investment. Some of the main issues include a slow pace of land clearance, the lack of security, low compensation rates for locals, pollution,
VietNamNet Bridge – After an almost 21 year wait, the Hanoi People’s Committee has finally assigned competent bodies to issue answers regarding the future of the Red River project.