Monthly Real Estate News | July 2016 by Vietnam Realty

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Daily Real Estate News Highlights Vietnam - 01 July 2016 Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

This is the hottest area in Saigon market in late year 2016 Bat Dong San

In Q2-2016, the real estate market in Tan Phu District witnesses a boom with the emergence of many projects developed by property giants. Vast land fund, reasonable housing prices, hot market, as well as significant improvements in term of traffic infrastructure, are the main reasons that ignite the property fever. Dozens of projects launched for sale in recent time include:Valeo Dam Sen, Trung Dong Plaza, Au Co Tower. Ha Noi targets Red River growth

Valeo Dam Sen Project

Vietnam Investment Review

The Ha Noi municipal People’s Committee has announced a detailed master plan for the Nhat Tan -Noi Bai route. The plan aims to effectively use the land along both sides of the route to create a modern urban area associated with finance, culture and trade, further developing Ha Noi and the greater Red River region. It is expected to be completed by 2025. Property inventory sees sluggish fall

Master plan for the Nhat Tan -Noi Bai route

Vietnzm Breaking News

Real estate inventory continues to fall but the pace is slowing down, mostly in suburban projects with poor infrastructure facilities. The property market has seen a stable growth in the first half this year, in various sections from low-price to high-end and tourism resorts. A slight increase in price and demand has been seen in medium-sized apartments in favourably located projects with well developed infrastructure facilities. Foreign landmarks rise in second city Talk Vietnam

Foreign developers have been developing many landmark real estate projects across Ho Chi Minh City during the first half of the year. New investment projects can also be seen coming from long time foreign investors in Vietnam, such as Temasek Holdings, Sembcorp Development Ltd, CapitaLand, Keppel Land, and Mapletree Investments. Property developer drives Quang Ninh realty market forward Bizhub

Settling on Quang Ninh for the bulk of its investment, rather than the more popular cities of Ha Noi and HCM, BIM Group’s projects have contributed to changing the face of the northern province’s property market. BIM Group said Quang Ninh was an attractive land for investment, given the province’s developed infrastructure and abundant tourism potential. For market research reports, please visit our website at www.colliers.com This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). All material are sourced and collated in this document by Colliers is from the public domain. ©2015. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 4 July 2016

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Vingroup’s new resorts in Nghe An and Ha Tinh Bizhub

In June, Vingroup broke ground with Vinpearl Cua Hoi, Nghe An province and Vinpearl Cua Sot, Ha Tinh province. The two five-star complexes will consist of hotels, amusement parks and resort villas. Located on the coast of Xuan Hai beach, with the most beautiful view of the central region, the Vinpearl Cua Sit has a luxury Clubhouse area while Vinpearl Cua Hoi has a modern, five-floor luxury hotel. Horizon Tower: 0% interest rate until property receiving

Vinpearl Cua Hoi

Cafef

Vinaenco Investor has cooperated with banks to release new policy with the highest supporting ratio for their customers, such as: 0% interest rate when loaning for a house until receiving a property, a discount up to 4%, especially a pack of gift of 3-year services when customers buy Horizon Tower apartment in this June. Real Estate Investory reduced in June 2016

Horizon Tower Apartment

VnMedia

Up to Q1-2016, the whole real estate market in Hanoi only saw the launches of nearly 4,400 Grade C apartments, degrade about 60% year-on-year; in the meantime, HCMC market recorded the introduction of nearly 6,000 units, down 30% correspondingly. However, the market in the final months of this year is predicted to continue to grow stably. The mid-end and affordable apartment segments always gain the big transaction demand, due to high liquidity and affordability of the income of most Vietnamese. New challenges for retail market in HCMC VnExpress

With 1.1mln m2 of retail floor and a total population of 10mn people in HCMC, the city’s retail market has not yet seen the oversupply. The disconsolate situation of shopping places, such as gloomy businesses and lacks of customers, might be the consequences of non-prime locations, unsuitable design and determining wrong segments. According to the advice of an international Real Estate agency, the keys to success for trade centers are: suitable retailers seeking, reasonable floor arranging, and a professional manager enrolling who understands the market. Startups number 54,500 in Jan-Jun, 2016 Vietnam Breaking News

More than 54,500 new firms have been set up with total registered capital of VND427.76 trillion in the first half of this year. Startups in almost all sectors have increased in the period. There are 1,354 startups in the real estate sector, a year-on-year increase of 111%. Registered capital of property startups in January-June has totaled VND107.9 trillion surging 359.1% from a year ago. For market research reports, please visit our website at www.colliers.com This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). All material are sourced and collated in this document by Colliers is from the public domain. ©2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 5 July 2016

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Hanoi serviced apartment market poised for expansion in next two years Vietnam Investment Review

According to a reliable property agency’s report on the Hanoi real estate market for the second quarter of 2016, the supply of serviced apartments is anticipated to reach nearly 4,000 units by 2018, with prominent projects such as Somerset West Point, Somerset West Central, and Trang An complex. All of these are high-end serviced apartment projects located in office-clustered districts of the city. Hoa Binh Corporation wins EPC contract

Somerset West Point

The Hoa Binh Corporation has won an engineering, procurement and construction (EPC) contract worth VND2.5 trillion for the Minh Khai-Imperia Sky Garden project in Ha Noi. The project is designed to have three basements and four 28-storey blocks and is expected to be completed within two years. Office demands in fast-growing Vietnam a boon to developers

Imperia Sky Garden

Bizhub

Thanh Nien News

Prospects of strong economic growth and foreign investment are driving Vietnam’s office property segment, with local and international developers both trying to grab the remaining prime locations in big cities quickly, industry insiders said. Vietnam’s economy grew 6.68 percent in 2015, the fastest pace in five years, helped by an expanding industrial sector and record foreign direct investment. The government has also stepped up efforts to clean up bad debts in the financial system, some of them tied to property. VSIP unveils innovative living Vietnam Investment Review

Industrial real estate developer Vietnam Singapore Industrial Park Joint Venture, or VSIP, has made its first foray into residential property with “The Habitat”. The development is part of VSIP’s integrated township and industrial park concept, aiming to allow communities to flourish near their workplace as well as provide a safe heaven for their families. Property information to be made public Vietnam Investment Review

The legal status and progress of properties would be made available to the public in order to reduce the risks for home buyers, according to an HCM City official. “This would be a part of the effort to promote transparency in the property market which turned critical amid a recent spate in conflicts between developers and buyers”, said by Director of HCMC, Natural Resources and Environment Department. For market research reports, please visit our website at www.colliers.com This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). All material are sourced and collated in this document by Colliers is from the public domain. ©2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 6 July 2016

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Vietnamese-born American owns hundreds of millions of dollars

properties

worth

Vietnamese Breaking News

In 1978, Phat started his business in the real estate sector by setting up Bridgecreek company. Since its establishment, Bridgecreek has invested in many real estate projects. These includes Asian Garden Mall which serves as an important trade center for Asian people in the US. After 30 years, Bridgecreek developed into a powerful conglomerate with the head office in the Little Saigon. More large-scale trade, service complex to be built in Hanoi

Asian Garden Mall

The Hoa Binh Corporation has won an engineering-procurement-construction contract worth 2.5 trillion VND on the high-end trade, service and housing complex of Imperia Sky Garden in Hanoi. The project, invested by HBI company and developed by M.I.K Vietnam Group, has a three-storey basement and four 28-storey buildings. Unbalanced property market development fears

Imperia Sky Garden

Vietnamese Breaking News

Bizhub

According to the Construction Ministry’s Department of Housing and Real Estate market management, the domestic property market might see a shortage of mid-tier housing supply and abundant supply in the high-end segment in late 2016. Although the market is on a stable recovery path, this is a matter of concern as a majority of the local citizens want affordable small or medium-sized apartments. 108-storey tower for Hanoi’s North Dan Tri

A super financial, trade and urban complex capped off with a 108-storey tower will be built along the Vo Nguyen Giap Highway in Hanoi and is expected to become a driving force for the development of the Capital’s North. The project has a total area of 1,810 ha and stretches for 11.1 km along the Nhat Tan-Noi Bai Highway in Dong Anh and Soc Son districts. An estimated VND33 trillion ($1.55 billion) in investment will be required for infrastructure and land clearance, which is expected to be completed by 2025. HCM City: more apartments, less demand Vietnam Breaking News

In comparison to the previous quarter, the figures represented a 20 percent increase in the number of apartments and a 35% drop in the sales. Of the total apartments in the period, 22 percent belonged to the high-end segment. President of the HCM City Real Estate Association, said the local property market has shown signs of slowdown with a shortage of affordable small- and medium-sized products. For market research reports, please visit our website at www.colliers.com

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). All material are sourced and collated in this document by Colliers is from the public domain. ©2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 7 July 2016

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

D’. Palais de Louis: apartment with the most expensive interior Vietnam Net D’.Palais de Louis is an unique development which is famous for its extremely luxury interior designed by Italian artisans. That makes the expense for decorating goes up to VND2Bln/bedroom. Recently The new York Times magazine had published a list of the most luxury project throughout the world which includes D’.Palais de Louis as a prominent D’. Palais de Louis name. Vincom Shophouse is officially launched from 15th July VnEconomic Times The giant Vingroup is about to officially launch the commercial-residential complex Vincom Shophouse Yen Bai as well as signing the contracts with customers from this 15th July. The first 30 customers making buying deposit can borrow up to 50% of the total value over a period of 25 years Vincom Shophouse Yen Bai and receive tax exemptions for 12 months from the date payment is made. Green urban concept still conquers the real estate tendency VnEconomy A recent report from World Green Building Council, named World Green Building Trends 2016 - Developing Markets Accelerate Global Green Growth, had demonstrated the new tendency in property market: real estate investment corporations in developed countries focus more and more on green property concept due to the economic advantages such as: long-term investment expenditure, positive fame and sharp increase in amplitude of selling price, i.e from 19% to 27% within the period of 3 years beginning from 2012. EcoLife Capitol: Opportunity for green apartment Bao Xay Dung Being compared as a green tower in the centre of Hanoi city, EcoLife Capitol is a project developed by Capital House with the invested capital up to VND2000Bln. So far the development has been kept on the right track and supposed to be completed in Q2 of 2017. Although 85% of the development has been sold, lots of special offer for customers has been introduced in this period of time so as to accomplish 100% sales target within this year. Another deluxe complex at the golden spot of District 1 Cafef Located on the prime position – intersection of Thi Sach and Cao Ba Quat - in the golden area of District 1, the Madison development just introduces a new offer that allows customers to make their payment with interest rate at 0% over a period of 24 months. This is one of few projects consisting of commercial, service apartments, offices and food-entertainments and most modern services in Vietnam which offer real-estate products for long-term living with around 100 apartments and 70 office-tels. For market research reports, please visit our website at www.colliers.com This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). All material are sourced and collated in this document by Colliers is from the public domain. ©2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 8 July 2016 Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

VinaCapital and DEG enter into wood industry VnEconomic Times VinaCapital’s Vietnam Opportunity Fund (VOF) and DEG, a subsidiary of Germany’s KfW Group, have announced a $30 million investment in the An Cuong Wood Working Joint Stock Company, one of Vietnam’s leading wood-working and decorative materials companies. Disbursement of $18 million in the first phase will be implemented immediately, with disbursement in the second phase to be made according to the business An Cuong Wood Working Joint Stock Company plans of An Cuong. Marquardt Group to invest in million-dollar Da Nang factory VnEconomic Times The Marquardt Group, a German manufacturer of electro-mechanical and electronic switches and switching systems, is in discussions over building a factory in Da Nang to produce automotive components, with initial investment capital of $39 million. Vice President Asia with the Marquardt Group and Da Nang Provincial People’s Committee are about to hold a meeting in the next few days. The first phase of the project is expected to Marquardt Group have total investment capital of at least $39 million and create 500-600 jobs. Investments in HCMC soar in 2016-2020 The Saigon Times The city government has assigned the Department of Planning and Investment to complete a public investment plan for the 2016-2020 period, with a focus on fueling growth of major industries and executing seven breakthrough programs and key projects. Total investments in HCMC in the 2016-2020 period are estimated at VND1,830 trillion, up 55% against the previous five years. Apartment sales in HCMC slide in Q2 The Saigon Times In its latest quarter, second-quarter net absorption rate was only 16%, down 17 percentage points against the year-earlier period and nine percentage points from the first quarter. However, supply grew strongly in the city in the second quarter, adding 10,107 units to the market, a 20% rise from the previous quarter. Low demand led housing project developers to lower their selling prices by 1% against the year-earlier period and 0.3% over the first quarter. Mid-end segment dominates HCM City apartment sales VnExpress Over 10,000 new high-end apartments were put onto the market in Ho Chi Minh City during the second quarter, an increase of 20 percent from Q1, but only 5,887 units were sold, down 45 percent compared to the same period last year. Meanwhile, the mid-end segment accounted for the majority of sales at about 41 percent, followed by high-end apartments with 22 percent.

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Daily Real Estate News Highlights Vietnam - 11 July 2016

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Smarthome especially for airline personnel VnExpress

Thanks to the location advantage–in front of the Tan Son Nhat International Airport’s Training Center, beside the the International Gateway-Botanica Premier is one of the best choices for airline professionals. The development holds an exclusive green area stretching 6000m2, as well as modern facilities. FLC Complex 36 Pham Hung: when pros turn out cons

Botanica Premier

Bat Dong San

The very first information about FLC Complex 36 Pham Hung project is announced that makes both investors and customers surprised. Some suppose the project is such a hazard for its location - at the most essential area of Hanoi, beside My Dinh Coach Station – where the transportation’s density is so high that even frighten the “big boss” of real estate market. A multifunctional entertainment center in Da Nang

FLC Complex 36 Pham Hung

Bat Dong San

With total investment capital of VND11Trillion, Cocobay project holds the best features to attract tourists to a long stay in Da Nang: 600m poetic seashore, beach club, cuisine area, etc. The development is formed as a multifunctional entertainment centre of the Middle of Vietnam as well as the Southeast Asia. Hanoi to decorate downtown households Dan Tri

Households around the Hoan Kiem (Sword) Lake in the capital city of Hanoi will have their doors and balconies repainted to ensure they match the area’s natural beauty. This is part of the city’s plans, approved two weeks ago, to redecorate the area around the Hoan Kiem Lake. The new blast in property market Bao 24h

Recently a lot of investors have paid their attention towards the new trend in real estate market: Condotel and Mini Hotel. Those models are assumed that the ratio of their profit to their capital is 4 to 1, which is extremely attractive to any businessmen.

For market research reports, please visit our website at www.colliers.com This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). All material are sourced and collated in this document by Colliers is from the public domain. ©2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 12 July 2016

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

A step forward of waterside villa Bat Dong San

In the most recent 2 years, the real estate market has seen a recovery and slight development, especially in waterside villas which receive very positive signs from the mid-end, high-end and luxury segment. Contribute to this trend, Sacomreal has launched Jamona Home Resort project which is set on high-class standards to surely satisfy all of residents’ expectation. The Golden Star – a safe investment

Jamona Home Resort

Bat Dong San

The Golden Star project’s investor assigned Ong & Ong, a Singaporean design company with more than 40 years of experience, to decorate the whole development. The site is identified as a secure investment that responds all demands: for sale, for lease and for transfer as a The Golden Star Project result of affordable price, full facilities and golden location. $150 million to boost transparency in land management system Bat Dong San

On July 5, in Washington DC, World Bank (WB) approved a $150 million credit for the project “Vietnam Improved Land Governance and Database”. The project targets to create a national Multi-Purpose Land Information System (MPLIS) and make a National Land Database available to both the Vietnamese government and people. 180 Flora Fuji units had been booked 3 hours after opening Bat Dong San

The Flora Fuji apartment which is invested by HOSE:NLG and 2 Japanese company, Hankyu Realty, Nishi Nippon Railroad, has officially launched and introduced its first show units. According to the investors, 180 units had been booked in advance 3 hours after opening. Villa Park – 8 green parks development VnExpress

With the total area up to 11,2ha, Villa Park includes 242 units with 8 green parks. According to the investor MIK, the apartment is designed to make sure every angle of it will face the natural space and fresh atmosphere outside, which makes the project become the greenest development of the Eastern HCMC so far.

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Daily Real Estate News Highlights Vietnam - 13 July 2016

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

UK supports intellectual property right enforcement Bao Nhan Dan

The British Embassy in Hanoi and the Market Surveillance Agency (MSA) under the Ministry of Industry and Trade signed an agreement to work together to increase the effectiveness of Intellectual Property Rights (IPR) enforcement. With this support from UK, not only IPR issues will be reaised but also the effectiveness of enforcement UK supports intellectual properactivities will be strengthened. ty right enforcementer TWO Residence in heart of Gamuda Gardens open for sale Vietnam Investment Review

On July 9, developer Gamuda Land Vietnam launched apartments in The TWO Residence at the club house in Gamuda Gardens for sale. The site has a total area of 74,000 square metres and consists of two L-shaped towers with 27 and 30 floors, respectively. Each unit has at least two facets with windows, with areas ranging from 37 to 127.5 square metres. The rise of the landed property sector

Gamuda Gardens

Vietnam Investment Review

It is forecasted that the landed property demand in 2016 would be year over year 103 per cent higher in Ho Chi Minh City and 88 per cent higher in Hanoi, supported by a growing affluent class. Compared to regional peers with similar population densities, such as Kuala Lumpur, Bangkok and Jakarta, Ho Chi Minh City and Hanoi’s primary supply of landed housing (less than 10 per cent) is relatively small, leaving ample room for future growth. Vietnam real estate and building material fair 2016 opens Bao Nhan Dan

The Vietnam Real Estate and Building Material Fair 2016 – VietHome Expo 2016 officially opened at Phu Tho Gymnasium in Ho Chi Minh City on July 8. Themed ‘Real Product, Real Value’, the event is jointly held by the Vietnam Association of Realtors and the Ho Chi Minh City Union of Business Association’s Trade Promotion and Services Corp. It attracted over 70 domestic and international enterprises showcasing their products in the fields of housing, construction, decoration, finance and banking at 600 booths. Growing VN property sales to foreigners Vietnam Investment Review

Over 10,000 apartments were sold in the second quarter of this year, many to foreigners who are permitted to buy up to 30 per cent of the units in a project. Since the law was amended last July, foreigners have bought over 1,000 apartments in HCM City alone, make the total number of units sold in 2015 was double that of 2014, thanks to growth in both demand and supply and support from banks for both developers and buyers.

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Daily Real Estate News Highlights Vietnam - 14 July 2016

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Report on private sector released VietnamNews

The White paper: “Viet Nam Private Economic Forum – Opportunities, Challenges and Solutions,” was released during a press conference in Ha Noi on 8/7/2016. The paper details a joint statement and declarations adopted by the 2016 Viet Nam Private Economic Forum, including an analysis of the general context and the viewpoint of businesses about the state of Viet Nam’s private economic sector. Sun Group’s projects breathe new life to south Phu Quoc

Report on private sector released

Vietnam Investment Review

The south of Phu Quoc Island has turned from obscurity into an investment hot spot. Sun Group has invested millions of dollars into its project complex, pulling up a tourism centre with resorts and entertainment facilities in the area. According to Sun Group, two months after the construction started, JW Marriott Emerald Bay Bay Resort & Spa in Bai Khem Resort & Spa in Bai Khem is going to start operation in September. Capitalising on Vietnam’s retail market Bao Nhan Dan

It is projected that the retail sector will grow at an annual rate of 11.9% until 2020 when sales are expected to hit US$180 billion, of which more than 45% belongs to modern retail channels. To achieve such targets, the Ministry of Industry and Trade (MOIT) has approved the plan to develop a network of supermarkets and commercial centres until 2020 with a vision towards 2030, in addition to stable economic growth. Hotel occupancy rate in Vietnam up slightly survey Thanh Nien News

An increase of 1.2 percent in occupancy rate was seen by four-star hotels, from 60.3 percent in 2014 to 61.5 percent in 2015; with 1.6-percent growth to be recorded by five-star hotels, reaching 62.7 percent in 2015. While the average occupancy rate at high-end hotels in Vietnam rose slightly in 2015, it was significantly lower than that of Thailand and the Philippines, a survey released by consulting firm Grant Thornton Vietnam found. AEC bolsters local real estate market Vietnam Investment Review

As of June 2016, a total of $16.6 billion had been invested into this market from ASEAN investors, despite the fact that the ASEAN Economic Community – or AEC - was not formed until December last year. David Blackhall, managing director of VinaCapital, said that the AEC and other free trade agreements are a key factor behind Vietnam’s strong growth, and will continue to play an important role for the foreseeable future across all sectors of the economy, including real estate. For market research reports, please visit our website at www.colliers.com This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). All material are sourced and collated in this document by Colliers is from the public domain. ©2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 15 July 2016 Colliers Internationalâ&#x20AC;&#x2122;s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

HCMC industrial property for rent costs twice as much as other areas Bat Dong San

The average price of industrial site for rent in HCMC had been upward of about 2%, to VND2,86mln/m2 in the second quarter of 2016. In regard to this phenomenon, there is a considerable gap between the ceiling price and floor one as VND5,799Mln/m2 in District 7 and VND1,595Mln/m2 in Cu Chi District respectively. Big real estate developers eyeing hotels

Industrial property in HCMC

VietnamNet

The first half of 2016 has witnessed many successful merger & acquisition deals in the hotel sector, for instance: Mapletree Group bought Kumho Asiana Plaza in a transaction of $215 million, New Life RE bought Duxton Hotel Saigon in a transaction of $49.4 million, SGGV Investment bought Novotel Saigon Centre in a transaction of $46.7 million, etc, as the result of Vietnamâ&#x20AC;&#x2122;s political stability, high economic growth, increased number of foreign travelers as well as satisfactory business results of high-end hotels. Property market to lead in capital investment and business registration number

Big real estate developers eyeing hotels

Bat Dong San

The first half of 2016 had recorded the real estate market as the most attractive business segment with the largest number of capital investment and business registration indeed: VND107,909Bln and 1,354 respectively. Apparently the property market in Vietnam is well on its way to recovering thanks to the recent financial, investment and land law. First Vincom Plaza shopping mall breaks ground in Dong Thap Vietnam Breaking News

Construction on Vincom Plaza shopping complex, the first of its kind in the southern province of Dong Thap, began in Cao Lanh city, on July 11. The five-story mall will gather famous brands in fashion, consumer goods, cuisine at home and abroad, a recreational area for children, and a modern cinema across a site of over 12,000 sq.m. The site is expected to be operational in April 2017 as the most modern in the Mekong Delta. Economic forum discusses ways to develop Mekong Delta Vietnam Breaking News

The 2016 Mekong Delta Economic Cooperation (MDEC) Forum was officially opened at Vi Thanh city of Hau Giang province on July 11. Deputy Prime Minister, Head of the Steering Committee for southwestern region, presided over the forum which also welcomed leaders of departments of the Government and local people committees, domestic and foreign businessmen, investors, ambassadors and international organizations.

For market research reports, please visit our website at www.colliers.com This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). All material are sourced and collated in this document by Colliers is from the public domain. ÂŠ2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 18 July 2016

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

BRG to build luxury hotel near Hoan Kiem Lake Vietnam Net

The BRG Group has secured approval from Hanoi authorities to build a luxury hotel and services complex on a “golden” land plot near the capital’s famed Hoan Kiem Lake. The project has a total area of 2,871 sq m and is currently an Intimex supermarket owned by the Vietnam Intimex Joint Stock Company, a subsidiary of BRG. Sun Group offers Thuy Khue Residence model apartment tour

Luxury hotel near Hoan Kiem Lake

Bizhub

Realty developer Sungroup launched model houses in its Sun Grand City Thuy Khue Residence in Tay Ho District, Ha Noi, on July 8. According to Sungroup, there are four types of apartments of 57sq.m, 90sq.m, 123sq.m and 139sq.m. Customers can see samples of finished interiors and designs in the model apartments. Mekong Delta to get $1.3bn for development projects

Thuy Khue Residence model apartment

Vietnam News

Seven credit organisations have committed to give the Mekong Delta region loans totalling VNĐ28.5 trillion (US$1.3 billion) to implement 73 socio-economic development projects. 16 credit contracts, worth VNĐ10 trillion in all, were signed at a workshop held in Hau Giang Province yesterday announced by Deputy Governor of the State Bank of Vietnam. Circular 06 issue to prosper real estate market Bat Dong San

The State Bank of Vietnam had officially promulgated Circular 06 in regard to revise the Circular 36 including 2 matters in property market. First of all, the risk index of receivable lending for real estate and securities would be raised from 150% to only 200% (instead of 250%). Secondly, a roadmap to reduce the maximum ratio of short-term funds used for medium and long term loans from 60% (2016) to 50% (2017) and to 40% (2018). HCMC to publish the list of mortgage properties Bat Dong San

Recently People’s Committee of HCMC has asked for the support from other relevant organisations to publish the list of mortgage properties. The publicity will take place through mass media, the project’s website as well as in public area in order to minimize the damage of the buyer in real estate transaction.

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Daily Real Estate News Highlights Vietnam - 19 July 2016

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Hanoi Parkview Residence’s investor to respond to scandal Bat Dong San

Shortage of 2% in area, ambiguous service fees and low quality construction are criticisms complained by the project’s very first residents. Lately the investor Vice General Director has finally admitted some mistakes in transferring apartments to customers, as well as giving explanations to those above-mentioned complaints simultaneously and committing to operate a verification to solve the acreage and construction issues. Quang Ninh seaport and industrial complex awaits licensed

Hanoi Parkview Residence

Vietnam Net

The Ministry of Planning and Investment has proposed the prime minister to approve the investment plan of the VND6.96 trillion ($311.9 million) seaport and industrial park complex, including 10 wharves and a 1,129 hectare logistics area, invested by a consortium of three foreign investors in Quang Yen town. The construction will be implemented within 50 years and be divided into three phases with first one starting in 2017.

Quang Ninh seaport

Townhouse price to increase 10%/year Bat Dong San

According to Mr. Ho Huu Xuyen, deputy general manager of Kien A Group, townhouse is now a very attractive and safe segment to invest as urban land is scaling down day by day. To be precise, 5 elements that customer should take into consideration while purchasing a property are: location, infrastructure, living environment, construction quality assurance and profitability in the future. War for ‘golden land’ in Ha Noi Bat Dong San

Despite the fact that property tycoons used to express their no interest in Ha Noi’s ‘golden land’ in the past, shortly there is gradual transformation from factories/firms to residential apartments in those regions. The invasion took place through stock transfer – the real estate tycoons will hold the right to use that area if they own more than 50% share of the land. Ha Noi launches programme to become start-up city Vietnam News

The Department of Information and Communications of Ha Noi (DIC) has worked with several agencies to develop an information technology business incubator scheme to promote start-ups, aiming to develop Ha Noi as a start-up city. In May this year, the Prime Minister approved a draft project called “National Programme to Support Innovative Startup Ecosystem in Viet Nam by the year 2025” to create a favourable environment to promote and support the development of start-ups with high-growth potential. For market research reports, please visit our website at www.colliers.com This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). All material are sourced and collated in this document by Colliers is from the public domain. ©2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 20 July 2016

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Real estate expo to showcase local, foreign products Vietnam News

About 360 enterprises are expected to participate in the Vietnam International Real Estate Exhibition, VNREA EXPO 2016, which will be held from July 20 to 24. Chairman of the Vietnam Real Estate Association (VNREA) said the event would be organized annually at the National Architecture, Planning and Construction Exhibition Centre in Ha Noi. A similar event will be held in HCM City in September this year. Him Lam Thach Ban 2 controversy: question without adequate answer

Real Estate expo 2016

Cafeland

Living expense, especially water usage charges, in Him Lam Thach Ban 2 is a very controversial topic between residents and project investor. The meeting on 17/7/2016 does everything but bring out a proper answer since the responses from latter party still don’t meet the enquiries of the former’s one. Casino: a breakthrough in resort segment?

Him Lam Thach Ban 2

Cafef

Some of investors are waiting for casino registration approval which is believed as a step forward in resort segment indeed, notwithstanding the current fact this type of development doesn’t catch up with expectation due to some restraints in legal system. Hopefully, the latter decree submitted by Ministry of Finance to government can help casino industry to turn the table. Buy a house? – Let’s wait till end of 2016! Stockbiz

According to some experts, the lasts month of this year will be ideal period for purchasing a house, thanks to 2 main reasoning: Firstly, in latter half of 2016, real estate market might not receive the same support from capital market as 2015. Secondly, competitive pricing pressure due to the abundant supply will create certain advantage for buyers. Vietnam’s 2016-20 public debt rises to $110bn Tuoi Tre

Vietnam’s public debt rose to VND2,480 trillion (US$110 billion) as of the end of last year, according to data from the Ministry of Finance. This ratio equalled to 62.2 percent of the country’s GDP, getting closer to the limit of 65 percent, in the meantime, the government debt already breached the limit of 50 percent GDP, standing at 50.3 percent.

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Daily Real Estate News Highlights Vietnam - 21 July 2016

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Real estate - major contributor in $4.3 bln HCMC tax revenues Thanh Nien News

HCMC’s revenues topped VND96.6 trillion (US$4.3 billion) in the first half, with tax revenues from the private sector rising and that from the state sector falling. Beer, tobacco and real estate firms were the major contributors, on the contrary, revenues from state-owned firms, especially in the oil sector, declined. Where is space for public housing?

$4.3 bln HCMC tax revenues

Bat Dong San

Notwithstanding the high demand of public housing, there’s still a shortage in supply due to the serious lack of land. To set the low-cost housing in motion, government needs to implement multiple actions, i.e verifying the land fund, assisting investors in long-term capital investment with interest rate of 4-5%/year, composing a transparent Where is space for public housing? policy, etc. 164 Dong Khoi – next golden land of Novaland Vietnam Investment Reviews

The region is in the eyesight of famous domestic developer NovaLand – who has submitted a proposal to the Ho Chi Minh City People’s Committee to be the developer of the area. At first the land was previously invested by Hong Kong Land and its partner, Japan’s Sumitomo Realty & Development, however, after long delays, the foreign investors decided to withdraw from the project due to difficulties faced in land clearance and compensation plans. Second home rental yield concern Vietnam Investment Reviews

Buyers have voiced their doubts concerning the optimistic rental yields promised by second home developers, ranging from 8 to 10 per cent annually. In fact, “Typically second home products are unable to generate particularly lucrative rental yields, due to operational costs and market volatility.” - acording to a property expert. Price of Danang Apartment: up to VND69Mln/m2 Bat Dong San

The primary price for an apartment in Hai Chau district is VND15Mln/m2, on the contrary, the highest price of VND69Mln/m2 is in Ngu Hanh Son district. Due to the advantages in infrastructure and tourism, all property segments in Danang are in soaring tendency, especially the coastal area with prices upgrading of 20-40%.

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Daily Real Estate News Highlights Vietnam - 22 July 2016 Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

97% of the lawsuits were trespass to land Bat Dong San

According to Natural Resources & Environment Department, the first half of 2016 recorded 1.631 lawsuits throughout the country. Real estate market is the dominant key with the figure standing at 97%, while only 2% and 1% were for environmental protection and mineral respectively. Series of HCMC public housing to be inspected

97% of the lawsuits were trespass to land

Bat Dong San

Looking at detail, there are 9 sites announced to be under inspection, including: Thanh Loc apartment (Dist.12), Thu Thiem Sky (Dist.2), Tan Binh apartment (Tan Binh Dist.), HQC Plaza (Binh Chanh Dist.), Block No. 4 – 6B Zone (Binh Chanh Dist.), Block M – Jamona City (Dist.7), project of Public Security Department (Dist.2) and 35 Ho Ngoc Lam project (Binh Tan Dist.). Diamond Island’s Hawaii Tower to be available in Q2-2018

Series of HCMC public housing to be inspected

Cafeland

On 19/7/2016, a press conference had been organized by Kusto Home Vietnam to introduce the Hawaii Tower – the first construction in the second stage of Diamond Island. The Hawaii Tower consists of 25 floors with 177 units, including 1-3 bedrooms, Pool Villa, Garden Villa and Sky Villa ranging from 52-450m2 at the starting price of VND2.2Blm/apartment. Vietnam’s realty conglomerate Bitexco raises stake in hotel chain Thanhnien News

Bitexco Group, one of Vietnam’s major real estate developers, has increased its stake to 70.5 percent in a hotel and resort operator in the central province of Thua Thien-Hue, local media reported on Tuesday. Bitexco has developed more than a dozen of projects around Ho Chi Minh City, but is best known for the city’s tallest skyscraper Bitexco Financial Tower. Vietnamese tycoons jump in, foreign tycoons leave property market Vietnam Net

Many M&A deals in the real estate market wrapped up recently. To many people’s surprise, the buyers were not powerful foreign conglomerates, but Vietnamese tycoons, e.g: Vietnam’s BRG takes over Sedona Suites Hanoi from Keppel Land, Vingroup buys a project on Pham Hung Road in Hanoi from Vinaland, FLC Group, a familiar name, has acquired Alaska Garden City in Hanoi.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 25 July 2016

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

3 relatives of project’s deputy director to buy public housing Cafeland

According to the result of the selection’s 2nd round to buy public housing Rice City, Hanoi, there were 3 relatives of deputy director to be on the list of approved candidates. However, afterward, all of those people withdrawn themselves. HCMC to rebuild many old apartment buildings: Easier said than done

Public housing Rice City, Hanoi

Cafeland

HCMC Party Committee Secretary had given relevant department an ultimatum, demanding a precise plan for renovating and rebuilding many aging apartment buildings generally by the end of 2016. So far there have been constant obstacles in executing the reconstruction, especially the disagreement between government and citizen in temporary move policy and compensation. Develop a 306ha industrial zone in Dong Nai

Old apartment buildings

Cafeland

As has been announced, 306ha Cam My industrial zone will be developed into a complex of industrial area, administrative services area, warehouse, worker accommodation, etc. This project is supposed to be a solution to joblessness for about 25.000 employees. Foreign investment still pours into real estate market Bat Dong San

In the first half of 2016, FDI in real estate market still witnessed a rise to around USD650mln in comparison with the same period last year. This figure is recorded through the direct investment as well as indirect M&A deals. Housing market imbalance emerges Stockbiz

There has appeared an imbalance in the housing market in HCMC this year with abundant soar in high-end apartments while homes for low-income people falling short, according to a recent report of the HCMC Real Estate Association. The January-June report released last week was compiled from data of 1,058 members of the association, including 582 enterprises and 476 individual traders based in HCMC.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 26 July 2016

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Vista Verde topped out, poised for launch Vietnam Investment Review

CapitaLand, one of the leading Singaporean real estate developers, along with Thien Duc Trading Construction topped out the Vista Verde project in Ho Chi Minh City on July 20. Comprising of 1,152 high-end apartments in four 35-storey residential towers, Vista Verde showcases lush green landscaping and was designed to bring a symphony of nature to residents. Singaporean business eye Danang market

Vista Verde

The voice of Vietnam

Singaporean firms have showed their keen interest in hi-tech investment in the central city of Danang at an investment promotion seminar held recently in Singapore. Those in attendance included 70 representatives from the Vietnam Chamber of Commerce in Singapore, the Singapore Business Federation, the International Enterprise Singapore, the Young Entrepreneurs Society of Singapore and a large number of investors. Ruby City to launch units show

The central city of Danang

VnEconomy

In last week, Ruby City’s investor had launched the units show including 2 and 3 bedroom model located on the projects’ 2nd floor. As has been announced, the event attracted hundreds of visitor as well as public attention. New players in real estate market Vietnam Net

Many cement and steel manufacturers, civil engineering and agricultural companies have added real estate development onto the lists of their strategic business fields. They have become new but powerful players in the market such as Thai Group, Thaco Group, Hoanh Son Group, Duc Long Gia Lai, etc. Singapore invests big in Vietnam VnEconomy

The city-state is the third largest foreign investor in Vietnam, after South Korea and Japan, by investing a total of $37.9 billion in more than 1,600 projects as of June this year. In particular, Singaporean companies have invested more than $9 billion in 847 projects in Ho Chi Minh City, focusing on logistics, services and real estate.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 27 July 2016

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Land makes up 68 percent of total state assets Vietnam Net

The total assets of the state in the national database by December 31, 2015 were valued at VND1,031,313.82 billion. Of this, the land use right is valued at VND700,574.99 billion, houses VND254.032.19 billion, and cars VND22.887.73 billion, while the other assets with original value of VND500 million and higher for each had the value of VND53.818.91 billion. Construction sector grows 8.8 percent

Land makes up 68 percent of total state assets

Vietnam News

The construction sector grew 8.8% in gross domestic product (GDP) for the first half of this year, the highest growth since 2010. The ministry’s enterprises booked revenues at about US$3.45 billion while the rate of urban and rural construction hit 100%, and urbanisation nearly 35.7% of their respective targets for the period. Social housing misused: audit

Construction sector grows 8.8 percent

Vietnam Investment Review

The audit of the social housing programme in HCM City and Da Nang City showed that 16.7 per cent of the audited social housing apartments in the southern city were being used for unauthorised purposes or by illegal beneficiaries. In the central city, 35.5 per cent of the social housing apartments have been similarly affected. T&T Land launches its first housing project in Hanoi Vietnam Investment Review

AsiaReal and STDA, two official sale agents, will launch T&T Riverview housing project with competitive pricing in Melia Hanoi Hotel on July 30. Located at 440 Vinh Hung ward in Hanoi’s Hoang Mai district, T&T Riverview has a total land area of 8,612sq.m with a total investment value of VND836 billion ($38 million). The project consists of three blocks with 610 modern apartments, amenities, two basement garages and two-storey commercial space, kindergartens and other services. The highest block has 23 floors. Promoting REITs in VN requires changes Thoi Bao Ngan Hang

Improving legal frameworks and incentives are critical to promote the development of real estate investment trusts (REITs) in Vietnam, chairman of the first domestic REIT said. Although regulations on REITs were promulgated four years ago, the development of REITs and their operation remained modest in Viet Nam while active REITs were mainly foreign ones.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 28 July 2016

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Da Nang: Hundred million USD property transfer deals made quietly Vietnam Net

A series of real estate projects in advantageous positions in Da Nang City and coastal areas left idle for the last 10 years have changed hands recently. There are impressive and substantial deals that should be taken into account since late 2015, e.g Hyatt Regency project, the Montgomerie Links, 5-star hotel One Poera Danang, World Trade Center Da Nang complex, etc. 77 mortgaged property in HCMC to be unveiled

The Montgomerie Links Golf

Vietnam Net

Up to 8 June, there are 77 developments reported by Department of Natural Resources and Environment to be named in this list, including some from domestic tycoons such as Nam Long, Sacomreal, Phat Dat, Quoc Cuong Gia Lai. The Scandal of Dolphin Plaza to be mortgaged: Confirmed!

Mortgaged property

Thoi Bao Ngan Hang

The Dolphin Plaza’s investor – TID Joint Stock Company, had finally confirmed the accuracy of the rumor concerning the project’s bank credit. According to the feedback, it is true to said that the site had been mortgaged by the company to bank, however, this action definitely causes no harm to the buyers’ land right and ownership as well, claimed by TID’s Deputy Director. USD160Mln commercial centre to be opened up Bat Dong San

The site, which is belonged to the 2nd stage of Saigon Center project, will go into operation in the end of this July. It is estimated that there are about 50.000m2 available for retail on the first seven floors, 40.000m2 for office together with 200 serviced apartments available on the 8th-45th floors. Which property segment will soar in the end of 2016? Bat Dong San

According to Cozy House Director, after a slight heat up in the first half, agricultural land, land nearby industrial zone and urban house are 3 property segments which may take a step forward in the last months of this year. Above all, urban house element is appraised to rise and shine prominently due to its outstanding rise of 20% in price indeed.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 29 July 2016 Colliers Internationalâ&#x20AC;&#x2122;s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Hung Thinh Corp acquired Chuong Duong Golden Land for VND245Bln Bat Dong San

This project has the total land area of 14.852 m2, comprising 22 floors together with 530 units for 2000 buyers. This is also the 3rd development of Hung Thinh Corp in Thu Duc District, beside Moonlight Garden and Lavita Garden. Hateco Hoang Mai announced time for apartment handover

Chuong Duong Golden Land

Bat Dong San

A ceremony will be established by Hateco on Sunday 31/7 to celebrate the projectâ&#x20AC;&#x2122;s final stage as well as announcing the time for apartment handover. It is worth noting that 31 units will also be available for tour together with a hot promotion including whether a VND45mln saving book or an interest rate at 3.9%/year. HCM City real estate showing instability

Hateco Hoang Mai

Vietnam Net

A recent report from the Ho Chi Minh City Real Estate Association (HoREA) reveals that the number of real estate transactions has stagnated and there has been a clear trend towards the high-end segment. In the second quarter of 2016 market transactions fell slightly while the market at the beginning of the third quarter has seemed unusually crowded after a wide range of products from large projects have been launched. Property developers are clearly in a race for market share, the report noted. On HCMC bourse, investors fancy property stocks Vietnam News

Trading in real estate stocks has shot up in the last month, with the volume reaching a total of 1.1 billion shares. There are 28 real estate companies listed on the HCM Stock Exchange, accounting for 13 per cent of its market capitalisation. The prices of real estate stocks have risen by 4.2 per cent in the period, compared to 2.61 per cent for chemical companies and 2.56 per cent for the medical sector. Vietnam M&A deals to hit new record at $6 billion: forecast Thanhnien News

The annual forum, organized by Dau Tu and M&A consultant AVM Vietnam, will be held in HCMC on August 18 with the participation of more than 3,300 lecturers and senior managers of local and international businesses. Retail, consumer and real estate sectors, which have been leading the M&A wave in Vietnam, will continue to account for most of upcoming deals. It also forecast that big deals would take place in the sectors of telecommunication, energy, infrastructure and materials where the government has been encouraging the participation of private investors. For market research reports, please visit our website at www.colliers.com This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). All material are sourced and collated in this document by Colliers is from the public domain. ÂŠ2016. All rights reserved. vietnam.media@colliers.com

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