Monthly Real Estate News | October 2020

COLLIERS INTERNATIONAL

VIETNAM MONTHLY REAL ESTATE NEWS - October 2020 -

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Daily Real Estate News Highlights Top 5 - Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers News Rental price for Grade A, B office space in Vietnam kept uptrend

www.reatimes.vn According to Colliers Vietnam, the average rental rates of both Grade A and B offices in Ho Chi Minh City were still on the uptrend, 4.5% and 11.5% respectively compared to Q2. In 2019, Grade A rents decreased slightly by 0.2%, while Grade B increased sharply by 26.1%. Thereby, proving that the demand for office space has not cooled down despite the second outbreak. According to Colliers Vietnam, as a result of the Covid-19 translation along with the tendency to move out of the center, Grade B buildings quickly become a sought after product for the majority of small and medium enterprises, even as big businesses.

Rental price for Grade A, B office space in Vietnam kept uptrend

Vietnam c.bank says to cut policy rates from Thursday to support growth

www.tuoitrenew.vn The State Bank of Vietnam said on Wednesday it will cut a number of policy rates from Thursday to boost the Southeast Asian country’s economy. The refinancing rate will be cut to 4.0% from 4.5% and the discount rate to 2.5% from 3.0%, effective Thursday, the central bank said in a statement.

Vietnam c.bank says to cut policy rates from Thursday to support growth

Pandemic improves Vietnam's chance to enter global supply chain: WB

www.vnexpress.net The Covid-19 outbreak has created an opportunity for Vietnam to improve its position in the global supply chain, World Bank experts said. The disruptions caused by the pandemic could persuade multinationals to hasten their shift from China to Vietnam, Jacques Morisset, the bank’s lead economist and program leader for Vietnam, said at the Vietnam Reform and Development Forum Tuesday. This trend had already begun pre-pandemic due to China’s rising labor costs and the U.S.-China trade war.

Quang Yen Coastal Economic Zone – new push for northern development www.vir.com.vn

Deputy Prime Minister Trinh Dinh Dung has approved the establishment of Quang Yen Coastal Economic Zone in the northeastern province of Quang Ninh after Quang Yen made it to the national plan on coastal economic zone development in May. Located southwest of Quang Ninh and on the border to Haiphong, Quang Yen Coastal Economic Zone will cover a total area of 13,303 hectares, with two functional subzones: the nearly 6,900ha Dam Nha Mac seaport services and industrial zone, and a more than 6,400ha urban area and high-tech sub-zone. The economic zone is scheduled to be developed from now to 2035.

colliers.com/vietnam

Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers News Office rental price increased despite the pandemic www.vnexpress.net The average asking rent of Grade B office in Ho Chi Minh City in the third quarter increased sharply, while in Hanoi only decreased by 1%. The report on the HCMC office market in the third quarter of 2020 of Colliers International Vietnam said that the average asking rents for Grade A and B offices in the third quarter both increased by 4.5% and 11.5% compared to the second quarter. As compared to the same period in 2019, Grade A's asking rents decreased slightly by 0.2%, while Grade B increased sharply by 26.1%. Accordingly, the net rental range of Grade B buildings in Ho Chi Minh City is very wide, stretching from about 10-48 USD per square meter per month to the third quarter of 2020.

Office rental price increased despite the pandemic

More than 126 large corporations are looking to invest in Vietnam

www.vietnaminsider.vn Deputy Minister of Foreign Affairs Bui Thanh Son said that more than 126 large corporations that are shifting their investments are looking to invest in Vietnam. The diplomat made the statement at a seminar held between Vietnam’s chief representatives abroad for the 2020-2023 term and the Committee for the Management of State Capital at Enterprises in Hanoi on September 29.

More than 126 large corporations are looking to invest in Vietnam

Vietnam pegged as major laptop producer in Southeast Asia www.vnexpress.net Vietnam is likely to benefit as major laptop producers shift production from China over the next decade, especially with furtherescalation of globaltradetensions. The countrynow accounts forabout 0.5-1 percent ofthe global laptop market, but this ratio could rise as the increasing conflict between the U.S. and China urges more manufacturing giants to move to Vietnam, according to Taiwanese think tank Market Intelligence & Consulting Institute (MIC).

Vietnam, Singapore cooperate to facilitate entry of each other’s citizens: spokesperson www.vnexpress.net The Singaporean Embassy in Hanoi has informed the Vietnamese Foreign Ministry’s Consular Department about Singapore’s decision to open its borders to Vietnamese visitors as from October 8, according to Foreign Ministry spokesperson Le Thi Thu Hang. Speaking about the matter at a regular press conference on October 1, the spokesperson said the two sides have agreed to strengthen cooperation to facilitate the entry of each other’s citizens in accordance with developments of the pandemic in their respective countries.

colliers.com/vietnam

Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers News Six strategic areas in Smart City construction help Vietnam to manage it www.congthuong.vn

Mr. David Jackson - CEO of Colliers Vietnam - commented: "Smart City" is not only a common concept, it is also a thinking, a direction for a country, city and community. towards a smarter life.

It is a way to improve the quality of life through data technology solutions, use energy efficiently, improve health care and education opportunities, and combine effective work and life. However, depending on the actual situation, each country should choose a strategic implementation plan to accelerate and improve the society, community and economy in the coming period.residential investors and homeowners to be more cautious.

Six strategic areas in Smart City construction help Vietnam to manage it

Grade B office rental rates in Ho Chi Minh City are recovering www.congthuong.vn

According to the report on the Ho Chi Minh City office market in the third quarter of 2020 of Colliers International Vietnam, as a result of the COVID-19 translation along with the trend of moving out of the center, Grade B buildings are rapidly becoming real estate. products are welcomed by many businesses, most of which are small and medium enterprises. Currently, the supply of this segment is nearly 1,150,000 m2, although no new supply is recorded in the third quarter, but it is expected that in the near future, the supply may increase to 1,250,000 m2. Mr. David M. Jackson, General Director of Colliers International in Vietnam, said that the business moved out of the central area partly to cut costs, and partly due to the rental price of grade office A is constantly increasing.

Vietnam, Germany look to boost economic cooperation

Grade B office rental rates in Ho Chi Minh City are recovering

www.vietnamplus.vn A workshop to promote economic cooperation between Vietnam and Germany took place in Hanoi on October 3, bringing together representatives from around 200 enterprises of the two nations. The event was jointly held by radio VOV, VINASME, and Huong Sen Group in the framework of the Vietnam – Germany Culture Festival 2020. The event was jointly held by radio The Voice of Vietnam (VOV), the Vietnam Association of Small and Medium Enterprises (VINASME), and Huong Sen Group in the framework of the Vietnam – Germany Culture Festival 2020. colliers.com/vietnam

Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers News HCMC, Hanoi office markets insulated from pandemic impacts www.tienphongnews.vn

High demand for office in HCMC and Hanoi has pushed prices up in the third quarter despite Covid-19 impacts on businesses, reports say. In HCMC, office rents range between $10-48 per square meter per month, up 11.5 percent from the second quarter, according to a report by Colliers International Vietnam. Rents of Grade A office space also rose 4.5 percent from the second quarter, but was down 0.2 percent year-on-year, the report said. Occupancy was a high 98 percent. Colllers International Vietnam CEO David Jackson said that with Grade B office space offering high quality and good location in the city center at lower prices than Grade A, it will be the dominating rental segment in the near future.

Mr. David M. Jackson, Chief Executive Officer | Colliers International Vietnam

Vietnam economy poised to expand 8.1% in 2021: HSBC

www.tuoitrenews.vn In the report titled ‘Asia Economics: It's About Stamina,’ HSBC affirmed that despite many significant challenges, Vietnam's economy rose 1.8 percent in the first half of 2020. The government's efforts to contain COVID-19 significantly contributed to the country’s economic achievement. However, the resurgence of the pandemic in late July impeded Vietnam's initial goal to bounce back early compared to other countries. With its success in suppressing the new outbreak, Vietnam is put in the top position among the ASEAN economies in terms of potential growth in 2020, HSBC said.

Vietnam economy poised to expand 8.1% in 2021: HSBC

Da Nang welcomes first tourist group in over two months

www.vnexpress.net Da Nang City, the biggest Covid-19 hotspot in Vietnam’s second outbreak wave, welcomed the first tourist group Sunday after over two months of closure to contain Covid-19. Nguyen Xuan Binh, deputy director of the municipal Tourism Department, said "the event is significant, indicating demand for Da Nang tourism has resumed and the city is now a safe destination." The 55 tourists from Hanoi landed at Da Nang International Airport on a Vietnam Airlines aircraft, welcomed by local tourism officials. colliers.com/vietnam

Ho Chi Minh City: Thu Duc city will be the first class city

Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers News

Six strategic sectors in Smart City construction help Vietnam break through

www.congthuongvn Recently, Vietnam has been accelerating its development towards Smart City to improve the resident quality. Mr. David Jackson – CEO of Colliers Vietnam - evaluated: “Smart City” is not only a common concept, but also a thinking, a direction for a country, city and community towards a smarter life. It is a way to improve the life quality through data technology solutions, use energy efficiently, improve health care and education opportunities along with effective combination of work and life.

Six strategic sectors in Smart City construction help Vietnam break through

Vietnam’s solar farms attract Thai investors

www.nhandan.org.vn WHA Utilities and Power (WHAUP), which provides utilities under WHA Corp, Thailand's biggest industrial land developer and operator, is planning to acquire three solar farms under its new asset acquisition plan in Vietnam. Investment value was not revealed. The company expects to close the deals early next year.

Da Nang office market recorded a rapid recovery after the 2nd Covid-19

www.doanhnhanthuonghieu.vn In the difficult context of the Covid-19 outbreak and spreading around the world, Da Nang's economy was severely affected, the gross domestic product (GRDP) in the first six months of 2020 is estimated to decline at a 3.61% over the same period in 2019, this is the first negative growth in Da Nang's economy since becoming a centrally-controlled city in January 1997. According to Q3 Knowledge Report of Colliers International Vietnam, at the end of July, the office rental market in Da Nang witnessed a slight decrease in supply, demand and transaction rate due to the re-emergence of COVID-19. However, the government has done a good job of coping with the pandemic so that the market is experiencing positive developments such as new supply and rising occupancy rates.

Construction starts on East-West Highway in Ben Tre

www.nhandan.org.vn Homebuyers still hesitate to epidemic diseases, causing brokers on this occasion to open up their marketing The construction of the East-West Highway began in Ben Tre City, the Mekong Delta province of Ben Tre on October 6. The event aims to mark the 11th Party Congress of Ben Tre province, for the 2020 - 2025 tenure.

Phase 1 of the East-West Highway project has a length of 2.1 kilometres, the starting point being at the intersection of Dong Khoi Avenue and end point at road D5 with a road surface width of 41 metres across two lanes, each lane being 10.5 metres wide. The project has a total investment of over VND199 billion and is expected to be completed in 24 months. colliers.com/vietnam

Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers News Office market recovered quickly after the pandemic www.vnexpress.net According to Q3 / 2020 market report of Colliers Vietnam, at the end of July, the office rental market in Da Nang witnessed a slight decrease in supply, demand and transaction rate due to Covid-19.

However, thanks to good anti-pandemic measure, this market is experiencing positive developments such as new supply and increased occupancy. “Demand for office space in Da Nang remains high and is expected to increase in the coming time as Da Nang development has attracted a lot of companies who want to locate offices here”, forecasted Mr. David Jackson, CEO of Colliers Vietnam.

Mr. David M. Jackson, Chief Executive Officer | Colliers International Vietnam

EU trade pact to help Vietnamese firms build safe supply chains

www.ven.vn The EVFTA, which took effect on August 1, provides opportunities for Vietnam to promote trade and investment, especially form new supply chains. Unlike the US, that has Mexico as a traditional supply market, the EU does not have an economy nearby to meet its needs for new supply chains. Luong Hoang Thai, Director of the Ministry of Industry and Trade’s Multilateral Trade Policy Department, said that as one of the first developing countries in the region that has signed an FTA with the EU, Vietnam is well suited to develop new supply chains.

EU trade pact to help Vietnamese firms build safe supply chains

New $200 mln roads proposed for Long Thanh Airport

www.vnexpress.vn In addition to current incentives, Vietnam also offers tailor-made ones for hi-tech projects that help local firms further integrate into global value chains, said a senior government official. A government’s task force on promoting foreign direct investment (FDI) in Vietnam has been in contact with a number of global tech firms that are considering investing in large scale projects of up to US$1 billion each in Vietnam, according to Do Nhat Hoang, director of the Ministry of Planning and Investment’s Foreign Investment Agency.

colliers.com/vietnam

New $200 mln roads proposed for Long Thanh Airport

Daily Real Estate News Highlights Top 5 - Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers News Vietnam's economy was still growing despite Covid-19 www.thegioitiepthi.vn Since the beginning of the year, the outbreak of Covid-19 has caused a global supply chain to break, and the world economy has been heavily influenced. Although Vietnam is also affected by the pandemic, the economy is still not severely affected. Mr. Terence Alford, Director of the Capital Markets and Investment Services of Colliers Vietnam, commented that one of the most important trade drivers to help Vietnamese economy recover is exports.

Vietnam's economy was still growing despite Covid-19

Government issues plan to increase renewable energy use

www.vir.com Vietnam aims to raise its renewable energy sources to 15-20 percent of the total energy supply by 2030 and 25-30 percent by 2045. The targets have been set in the Government’s action plan on the implementation of Vietnam’s national energy development strategy by 2030. Total installed capacity of power sources will be raised to about 125-130 GW and the power output to 550-600 billion kWh by 2030.

Government issues plan to increase renewable energy use

Close-up of super-heavy cars carrying metro train number 1 to the gathering point

www.dantri.vn The European Union - Vietnam Free Trade Agreement (EVFTA) creates great opportunities for both trade and investment. Compliance with the provisions of the FTA is a key factor that helps businesses in particular and the Vietnamese economy in general can take advantage of EVFTA. Mr. Le Hoang Tai - Deputy Director of the Trade Promotion Agency (Ministry of Industry and Trade) has many remarkable shares on this issue.

Close-up of super-heavy cars carrying metro train number 1 to the gathering point

Can Tho has more than 1,000 new enterprises in nine months

www.vietnamplus.vn More than 1,000 new enterprises were established in the Mekong Delta city of Can Tho in the first nine months of 2020, accounting for 12 percent of a total 8,600 operational ones in the city at present. The figure was released at a seminar on post-pandemic business development directions for enterprises held by the city’s business association on October 8.

Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers News Hanoi: Grade A offices will still have strong appeal

www.doanhnhanplus.vn The occupancy rate shows the same as the second quarter of 2020, with 93% for Grade A buildings and 91% for Grade B buildings.

According to a report by Colliers International Vietnam, although affected by the COVID-19 pandemic broke out again in July, the average asking rents in Hanoi did not decrease but also recorded an increase compared to the previous quarter. Accordingly, for Grade A office buildings, the average asking rents were US $32.3/m2/ month (up 3.8% QoQ) and $22.9/m2/month (up 0.4% QoQ) is the average rental rate for Grade B.

Hanoi: Grade A offices will still have strong appeal

Excellence in anti-Covid-19 measures: Vietnam's economy will grow strongly

www.congan.com Since then, experts forecast that GDP growth for the whole 2020 of Vietnam will reach about 2.8%. Mr. Terence Alford - Director of Capital Markets & Investment Services at Colliers Vietnam commented that one of the most important trade drivers to help Vietnam's economy recover is exports. And the EVFTA is further supporting the expansion of Vietnam's export markets outside the ASEAN region.

Excellence in anti-Covid19 measures: Vietnam's economy will grow strongly

Investors find VN ports, logistics attractive

www.vietnamnews.vn With its annual growth of 12-14 per cent, the logistics sector, especially seaports, is becoming attractive to both domestic and foreign investors, experts said. The Government is encouraging investors from all around the world to develop ports in the country, according to the Viet Nam Maritime Administration. Last month Prime Minister Nguyen Xuan Phuc hosted a reception for Dutch and Belgian ambassadors Elsbeth Akkerman and Paul Jansen, which was attended by EU investors seeking to build a port for nearly US $1 billion in Viet Nam.

Housing prices in central provinces cool off

www.bizhub.vn Housing prices in central provinces have cooled off in recent times after rapidly rising in 2018-19. According to the Viet Nam Association of Realtors, after increasing rapidly in 2018-19, housing prices in Da Nang, Nha Trang and Quang Nam are now more reasonable. The association said in the first nine months of this year, the Da Nang and Quang Nam real estate markets did not see many new offerings and housing supply of projects with good infrastructure system and clear legality was limited.

colliers.com/vietnam

Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers News Bright outlook for Vietnam’s economy despite Covid-19 setback

www.ven.vn According to Colliers International Vietnam, in addition to familiar destinations like Ho Chi Minh City and Hanoi, investors have been increasingly interested in other provinces and cities, such as Binh Duong, Long An, Dong Nai and Ba Ria-Vung Tau, as reflected in their infrastructure and logistics investments. For example, European investors have expressed interest in a US$1 billion seaport logistics project in the southern province of Ba Ria-Vung Tau.

Mr. Terence Alford, Director of Capital Markets & Investment Services

Public investment disbursement speeds up

www.vietnamplus.vn Ten out of 12 ministries and agencies have committed to completing the disbursement of foreign loans this year after adjusting down their capital plans, the Ministry of Finance has reported. At a conference in Hanoi on October 12, head of the ministry’s Department of Debt Management and External Finance, Truong Hung Long, said that over 4.2 trillion VND (182.6 million USD) in foreign loans were disbursed in September, up more than 558 billion VND month-on-month

$777 mln expressway proposed from southern province to Central Highlands

www.vnexpress.vn A VND18 trillion ($777 million) expressway is proposed to be built between the southern province of Dong Nai and Lam Dong in the Central Highlands. The 67-kilometer expressway will have four lanes and allow vehicles to travel at up to 80 kilometers per hour, according to a pre-feasibility report drawn up by the Ministry of Transport’s Thang Long Project Management Unit. It will run from Tan Phu District in Dong Nai to Bao Loc Town, which is famous for tea. Construction will begin in the third quarter of 2022 under the build-operate-transfer model and take around three years. Nguyen Van Huan, deputy director of the management unit, said the expressway would be linked with the Ho Chi Minh City – Long Thanh – Dau Giay Expressway between HCMC and Dong Nai, reducing travel time between the Central Highlands and the southern region

IFIA and EY Vietnam sign MOU on attracting FDI into Viet Nam

www.bizhub.vn Representatives from the Foreign Investment Agency (FIA), Ministry of Planning and Investment and Ernst & Young Vietnam Limited (EY Vietnam) has signed a Memorandum of Understanding (MoU). Under the MoU, FIA will provide EY Vietnam with updated information on directions and policies to draw investment into Viet Nam. EY Vietnam will introduce and recommend potential investors who are EY clients globally to invest in Viet Nam. Viet Nam had 32,658 valid FDI projects with a total registered capital of US$381.5 billion

by September 20, reported FIA. colliers.com/vietnam

Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Infrastucture development at the centre of PPP decree direction

www.vir.vn In fact, many investor's expectations are high that the nation will further foster private investors for public-private partnerships (PPP) to support local infrastructure development. The law contains important improvements and implications to ensure cost-effective and predictable project implementations, and aims to attract more private and foreign investment by clarifying the existing legal framework. The Vietnamese government hopes to show its commitment to domestic and foreign financiers and create a secure environment for them when participating in PPP projects.

Infrastructure development at the centre of PPP decree direction

What will Japanese Prime Minister promote when visiting Vietnam?

www.vnexpress.vn New Japanese Prime Minister Suga will discuss major directions on cooperation in the context of regional and international countries responding to Covid-19, steps to prepare for the post-pandemic, ASEAN and East sea when visiting Vietnam in his upcoming trip. In addition, the transfer of investment to Vietnam can also help Japanese businesses avoid being affected by tough measures that the US applies to goods originating from China. Japan wants to play an objective role, not opting for competition among major countries.

What will Japanese Prime Minister promote when visiting Vietnam?

Vietnam looks like a miracle from a bygone era, exporting its way to prosperity

www.vietnaminsider.vn Containing the pandemic allowed Vietnam to quickly reopen businesses, and it is now expected to be the world’s fastest growing economy this year. While many nations are suffering enormous economic contractions and running to the International Monetary Fund for financial rescues, Vietnam is growing at a 3 percent annual pace. This breakout moment for Vietnam has been a long time in the making. After World War II the “Asian miracles” — first Japan, then Taiwan and South Korea, most recently China — grew their way out of poverty by opening to trade and investment and becoming manufacturing export powerhouses.

World Steel Group signs $10mn deal for Long Son Petrochemicals project

www.tuoitrenews.vn World Steel Construction Joint Stock Company and Tan Phuoc Thinh Construction & Investment Joint Stock Company held a ceremony at Vung Tau Imperial Hotel on September 29, 2020 to sign a cooperation contract for the H&I-8 package of Long Son Petrochemicals Complex project implementation. Thailand’s SCG Group invests in the Long Son Petrochemicals Complex (Long Son Petrochemicals – LSP), with a total registered capital of about US$5.4 billion. The complex is located in Long Son District, Ba Ria - Vung Tau Province.

colliers.com/vietnam

Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers News HCMC retail market: Opportunity to rent prime premises at reasonable prices after Covid

www.nguoidothi.vn According to a new report published by Colliers International, in the first half of Q3, retail centers in Ho Chi Minh City recorded a 1 .7% drop in customer numbers due to concerns about COVID-19.

Rental price also recorded a decrease of USD 4.2 compared to the previous quarter. Investors are still hesitant to launch new projects. According to a report by Colliers International, Q3 of this year continued to record no new supply. The most popular type of shopping center in Ho Chi Minh City is projects with leased area of more than 1,000,000m2.

Mr. David M. Jackson, Chief Executive Officer | Colliers International Vietnam

Vietnam surpasses Singapore and Malaysia to become the 4th largest economy in Southeast Asia: IMF

www.vietnaminsider.vn Vietnam’s estimated GDP of $340.6 billion this year could exceed that of Singapore by nearly 1 percent for the first time, the IMF says.

The IMF has forecast a GDP growth of 1.6 percent for Vietnam this year, while that of Singapore declines by 6 percent. These figures put Vietnam as the fourth largest economy in ASEAN this year, behind Indonesia, Thailand and the Philippines.

Vietnam surpasses Singapore and Malaysia to become the 4th largest economy in Southeast Asia: IMF

Japanese favouring a Vietnam+1 strategy

www.vietnaminsider.vn A series of Japanese businesses are forging partnerships with local vendors in an attempt to diversify business strategies. Juki Vietnam Co., Ltd., specialised in manufacturing industrial sewing machines, is now seeking local outsourcing partners to ramp up production in Vietnam. “We deal with a large number of companies and a wide range of contract production is currently possible. With more than 20 years of production experience in Vietnam and quality control of Japanese standards we will deliver safety, stability, and security together,” said a company representative.

HCM City releases new regulations to tighten licensing of condotels, resort villas

www.tuoitrenews.vn Local authorities have been asked to carefully consider the granting of new licenses to projects with condotels, following many problems that have been discovered. The HCM City People’s Committee has sent a dispatch to departments, branches, urban area management boards and district authorities, requesting to comply with the Ministry of Construction’s (MOC) opinion on management of projects with condotels, officet

colliers.com/vietnam

Daily Real Estate News Highlights Top 5 - Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers News Despite Covid-19, big Japanese retailers still invest in Vietnamese market Takashimaya announced positive profits after 4 years of entering the market, AEON invested 190 million USD to open the 6th center in Hai Phong, Uniqlo had 4 stores across Vietnam. In April 2020, Takashimaya - a shopping destination for high-income customers, announced its first profit after about 4 years of entering the Vietnamese market. Right in the time of the epidemic, Uniqlo fashion company continuously opened stores and by October 2020 it had reached the number of 6 stores located in major shopping malls in Ho Chi Minh City and Hanoi city.

Meanwhile, Uniqlo has only officially entered Vietnam from the end of 2019.

Mr. David M. Jackson, Chief Executive Officer | Colliers International Vietnam

Vietnam the only among major ASEAN economies to record positive growth in 2020: IMF

www.tuoitrenews.vn Vietnam would remain the only country with positive growth among five major economies in ASEAN, and its economic expansion would rebound to 6.7 percent in 2021, according to the International Monetary Fund’s October 2020 World Economic Outlook (WEO) Update released on Wednesdayd high technological capacity.

The IMF has revised its forecast for Vietnam’s gross domestic product (GDP) growth to 1.6 percent revious estimate of 2.7 percent in June.

Strengthening trade cooperation between Vietnam and Russia

www.nhandan.org.vn On October 15, the Trade Promotion Agency (Ministry of Industry and Trade) cooperated with the Russian Embassy in Vietnam, the Trade Office of the Vietnamese Embassy in the Russian Federation, the Saint Petersburg Chamber of Commerce and Industry and other relevant agencies. organization of the online seminar "Promoting trade cooperation between Vietnam and the Russian Federation".

Shipping giant UPS deployed a large investment in logistics networks in Vietnam

www.vnexplorer.net President of UPS’s global logistics, logistics and distribution division in Asia-Pacific, Mr. Sebastian Chan said, in the context of the global pandemic continuing to develop complicatedly, many companies have chosen cut down the costs. However, UPS has chosen to operate in a different direction in the Vietnamese market: focusing on investment in smart logistics networks. Recently, Vietnam has also signed EVFTA – an important trade agreement with the European Union, aiming to eliminate 99% of tariffs between the two sides.

colliers.com/vietnam

Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers News Metro stimulates the real estate market in the east city www.thanhnien.vn In a recent market report, Mr. David Jackson - CEO of Colliers International in Vietnam said that the metro line Ben Thanh - Suoi Tien is almost 20 kilometers long and has a major effect on urban growth in the outer region in districts 2, 9, Thu Duc and Di An city (Binh Duong). In the future, the route will expand to Bien Hoa City (Dong Nai) and to Thu Dau Mot City (Thu Duong), creating favorable conditions and increasing revenue for the operation and operation of this railway.

Metro stimulates the real estate market in the east city

EVFTA provides steady prodution despite difficulty caused by disease www.congthuong.vn

The Covid-19 pandemic resulted in a damaged commodiy supply chain, and both production and output encountered difficulties for businesses.

However, EVFTA was one of the savers for the product's production.

Over two months the EVFTA being effective, has achieved very positive results, said by Mr. Tran Thanh Hai-Deputy Director of the Department of Import and Export. In August, exports to the EU hit USD 3.25 billion , up 4% over the same period last year and up 7% in September from last year's same time.

EVFTA provides steady production despite difficulty caused by disease

Trade promotion and cooperation between Vietnamese and German businesses

www.moit.gov.vn Belgian and Dutch firms have expressed interes “The Vietnam-EU Free Trade Agreement (EVFTA) took effect from August 1, 2020 has shown the initial positive effects on many areas of economic and trade cooperation between Vietnam and the Federal Republic of Vietnam. Germany is Vietnam's largest trading partner not only in the European Union (Germany is a market that accounts for nearly one fifth of Vietnam's exports to the EU.

Hanoi’s second metro route expected to start of commercial operations very soon

www.vietnaminsider.vn A ship carrying the first train for Hanoi’s second metro route from France docked at Hai Phong’s Nam Hai Dinh Vu Port Sunday morning.The Hanoi Metropolitan Railway Management Board (MRB) said that the four-coach train will be unloaded, put on specialized vehicles and taken to the Nhon depot area in Hanoi the same day.Hanoi’s first metro, the Cat Linh-Ha Dong Metro Section, which runs 13 kilometers from downtown Dong Da District to Yen Nghia in the southwestern Ha Dong District.

colliers.com/vietnam

Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

US$3.7 billion deals announced in Suga’s Vietnam visit www.hanoitimes.vn

The deals cover fields ranging from digital economy, environment to energy and infrastructure. Japanese and Vietnamese companies and agencies have announced 12 agreements and memorandums of understanding worth a combined US$3.7 billion on October 19 during Japanese Prime Minister Suga Yoshihide’s Hanoi visit. The cooperation covers fields ranging from digital economy, environment to energy and infrastructure. Among them, the biggest one is a US$1.9 billion 1,500MW gas-fired power station in Quang Ninh province with the participation of Tokyo Gas Co. and Marubeni Corp.

US$3.7 billion deals announced in Suga’s Vietnam visit

Vietnam’s economic growth rebounds to 2.62% in Q3 from 0.39% in Q2

www.thesaigontimes.vn After a record slowdown in the second quarter of 2020 when the Vietnamese economy only grew by 0.39% year-on-year, growth rebounded to 2.62% in the third quarter as the Covid-19 pandemic appeared well under control, according to the World Bank’s Vietnam Macro Monitoring report. Overall, the economy expanded by 2.1% from January to September, which was much lower than the 7% growth rate during the same period last year. However, this was still a remarkable performance in the context of the Covid-19 pandemic.

Vietnam’s economic growth rebounds to 2.62% in Q3 from 0.39% in Q2

Vietnamese exporters could gain US$633 million by increasing trade with India www.bizhub.vn

Vietnamese businesses could increase exports to India by US$633 million annually, the Standard Chartered Trade Opportunity Report has revealed. The study also found that Indian exporters could boost trade with Viet Nam by an estimated $475 million, bringing the bilateral trade opportunity to $1.1 billion. The ASEAN markets in the study (Indonesia, Malaysia, Singapore, Thailand and Viet Nam) have a combined opportunity of $10.7 billion to increase exports to India. The ASEAN markets in the study (Indonesia, Malaysia, Singapore, Thailand and Viet Nam) have a combined opportunity of $10.7 billion to increase exports to India.

Vietnam up in Asia power ranking thanks to successful Covid-19 control

www.vnexpress.vn Vietnam’s level of influence in the Asia-Pacific region has moved up a notch in an annual power ranking, its reputation strengthened by the competent handling of the coronavirus pandemic. Vietnam, classed in the "middle powers" group, scored an overall 19.2 points out of 100, up 1.2 from last year, and performs best in thanks to big improvements in diplomacy. Vietnam performs best in the diplomatic influence sphere, where it placed 9th, up three spots from last year thanks to successful containment of the Covid-19 crisis, the report says. Vietnam is among few countries likely to post positive GDP growth this year while most economies contract due to the impacts of Covid-19.

colliers.com/vietnam

Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers News Real estate 'runs' before Ben Thanh - Suoi Tien metro www.doanhnhanplus.vn Mr. David Jackson - CEO of Colliers Vietnam said that the People's Committee of Ho Chi Minh City was submitting a project to merge District 2, District 9 and Thu Duc to create a new innovative micro urban area in Ho Chi Minh City (temporarily named Thu Duc City).

It would be a big step forward in the socio-economic development orientation. “On the other hand, the pressure of the infrastructure system would also decrease, the city would have more conditions to expand and upgrade the existing transport system to become more airy and modern. The gradual shift of city residents from individual to community activities would affect the formation of complex centers serving the majority. From there, the city's land-use efficiency would be increased.” Colliers expert said.

Real estate "runs" before Ben Thanh - Suoi Tien metro

PM pledges optimal conditions for Samsung’s hi-tech projects www.nhandan.org.vn Lee Jae-yong expressed his gratitude to Vietnam for facilitating the entry of over 3,000 Samsung engineers and experts for smooth operations of its plants in the country. He vowed that the Hanoi-based R&D centre will PM pledges optimal conditions for be operational by late 2022 as scheduled and will create jobs for 3,000 Samsung’s hi-tech projects engineers, making it the main R&D stronghold of Samsung.In addition to manufacturing, the conglomerate is teaming up with Vietnamese businesses in software development. Noting Samsung’s strengths in mobile phones, semiconductors and electronic appliances, the PM voiced his hope that Samsung will invest in semiconductor production in Vietnam

Vietnam, India eye stronger trade ties

www.vietnamplus.vn Indian Deputy Minister of External Affairs Riva Ganguly Das affirmed that Vietnam is a pillar in India’s Act East policy and an important partner in the country’s Indo-Pacific Ocean Initiative which is based on shared values and interests in promoting peace, stability and prosperity in the region. She said two-way trade expanded from only 200 million USD in 2000 to 12.34 billion USD in the 2019-2020 fiscal year. Noting Samsung’s strengths in mobile phones, semiconductors and electronic appliances, with its mobile phones and electronic appliances manufacturing activities already thriving in Vietnam, the PM voiced his hope that Samsung will invest in semiconductor production in Vietnam in the near future.

colliers.com/vietnam

Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Positive trade signals since the effectiveness of EVFTA

www.nhandan.org.vn The operation of the EU-Vietnam Free Trade Agreement (EVFTA) since early August 2020 has created huge opportunities for Vietnamese exports, helping diversify markets and export more goods, particularly Vietnam’s major export products such as agricultural products, seafood, wood products, garments and textiles, footwear and electronics.

Positive trade signals since the effectiveness of EVFTA

Government considers additional support policies for industrial sector

www.vietnamnews.com.vn The Ministry of Planning and Investment (MPI) said it had advised the Government to implement a number of policies to support Viet Nam's industrial sector, especially the support industry. In addition, the Ministry of Finance has been working on a plan to offer a slew of tax incentives for support industry businesses from both sides to enter their own territories in order to increase the cooperation in tourism, investment, and trade.

Government considers additional support policies for industrial sector

Banks in HCM City to continue supporting businesses

www.vietnamplus.vn Banks in Ho Chi Minh City are focusing on measures to mitigate the difficulties faced by businesses due to the COVID-19 pandemic and help them get back to health, a State Bank of Vietnam official has said. The SBV and the city authorities had organised a programme to connect banks with enterprises and business households to enable the latter to get loans at low interest rates, he said.

Dong Nai hands over 2,600 hectares for Long Thanh airport construction

www.vnexpress.vn Dong Nai Province authorities formally handed over nearly 2,600 hectares of land on Tuesday to the Southern Airport Authority for construction of the Long Thanh airport. It includes 1,800 hectares required for the first phase of the airport, whose construction is scheduled to begin in early 2021, while the rest is for the second phase. Cao Tien Dung, chairman of the southern province, said 1,200 hectares had belonged to the Dong Nai Rubber Corporation Company Limited and the remaining area to over 1,000 families.

Deputy PM orders completion of Sapa airport project’s pre-FS

www.thesaigontimes.vn Deputy Prime Minister Trinh Dinh Dung has asked the government of the northern upland province of Lao Cai to complete the pre-feasibility study of the Sapa airport project following feedback from the ministries.

The province has to ensure the project’s implementation is feasible, efficient and complies with prevailing regulations, the deputy PM stressed. The Sapa airport will be developed on some 371 hectares of land in Cam Con Commune of Bao Yen District, 100 kilometers from Sapa, one of the most popular tourist destinations in Vietnam.

colliers.com/vietnam

Daily Real Estate News Highlights Top 5 - Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers News Vietnam's value of goods import and export reached 24,64 billion dollars in the first half of October www.tapchitaichinh.vn According to the General Customs Department's latest preliminary statistics the total value of imports and exports of the whole country in the first half of October 2020 amounted to USD 413,18 billion, which increased by 2.3 percent, an increase of 9.27 USD billion y-o-y with 2019. In which, the total import-export value of FDI enterprises reached 248.79 billion USD, down 2.7% (equivalent to 7.01 billion USD); import and export value of domestic enterprises was 164.39 billion USD, up 11% (corresponding to an increase of 16.28 billion USD) y-o-y 2019.

Vietnam's value of goods import and export reached 24,64 billion dollars in the first half of October

Developing smart cities one of key tasks in national digital transformation: PM

www.vietnamplus.vn Addressing the plenary session of the ASEAN Smart Cities Summit and Expo 2020 in Hanoi on October 22, the PM said as the Chairman of ASEAN in 2020, Vietnam virtually hosted the ASCN’s 3rd conference in July, which discussed action plans to realise the building of smart cities and strengthen cooperation with partners in the spirit of an cohesive and responsive ASEAN.

Developing smart cities one of key tasks in national digital transformation: PM

Vietnam – EU Business Council: Promoting EVFTA prospects for companies www.congthuong.vn In order to contribute to the successful implementation of the Vietnam – European Union Free Trade Agreement (EVFTA), the Vietnam Trade and Industry Chamber (VCCI) in collaboration with both Governments, supports both sides to exploit the opportunities EVFTA provides and improve trade collaboration and investment in Vietnam and the EU.

Japanese investor to build hi-tech R&D hub in Da Nang

Vietnam – EU Business Council: Promoting EVFTA prospects for companies

www.vir.com.vn Authorities in the central city of Da Nang have approved an investment proposal by Fujikin Incorporated from Japan for an R&D centre at Da Nang High-Tech Park worth a total of 35 million USD. The Da Nang Hi-tech Park and Industrial Zones Authority (Da Nang HPIZA) said Fujikin Inc plans to produce air valves using semi-conductor production lines, as well as medical equipment, robots, new energy tech using hydrogen.

colliers.com/vietnam

Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

How will the trend of shifting away from China change after the US presidential election?

www.tapchitaichinh.vn Tim Ryan, president of Pwc U.S, said the trend of shifting supply chains out of China has been emphasized in President Donald Trump's trade war with China.

However, what really accelerated this for the majority of US businesses was the COVID-19 pandemic. According to Mr. Ryan, the countries benefiting from the relocation of production facilities from China - the world's second largest economy, could be countries in Southeast Asia, Mexico and the United States.

Mr. Trump's trade war with China has resulted in each side imposing billions of dollars in tariffs on each other's goods and prompting some companies to start moving their supply chains elsewhere. In fact, President Trump himself has repeatedly called on businesses to do it.

How will the trend of shifting away from China change after the US presidential election?

Apple’s shifting supply chain creates boomtowns in rural Vietnam: Bloomberg

www.nhipcaudautu.vn Not long ago Vietnam’s Bac Giang province was one of the nation’s poorest regions, known for producing rice, lychees and poultry dubbed “running chicken." That was before the global tech supply chain shifted its way. Now officials in the rural area north of Hanoi host representatives from Apple Inc. and Hon Hai Precision Industry Co. The growth in foreign investment is almost doubling every year -- even during the coronavirus pandemic -- and the province forecasts the value of exports this year will reach $11 billion, a tenfold leap in six years.

Apple’s shifting supply chain creates boomtowns in rural Vietnam: Bloomberg

German firm hopes to build $1.5 bln offshore wind farm in central Vietnam

www.vnexpress.vn Binh Dinh Province has given approval to a German company to study the possibility of building the country’s second offshore wind power plant. PNG AG will carry out a year-long study for a $1.5-billion wind power plant in the districts of Phu Cat and Phu My. The company, which has over 20 years of experience in renewable energy, had earlier proposed building a 500-700-MW power plant in the province, its first project in the country. It is expected that in 2021-30, for which period the national plan is being drafted, the country will need 30 GW of wind and solar power. There are 11 wind farms in the country with a total capacity of 429 MW, according to Vietnam Electricity (EVN)

HCM City permitted to make investment decisions for new expressway: PM

www.vnexplorer.vn Prime Minister Nguyen Xuan Phuc has approved the Ministry of Transport’s proposal to give HCM City the authority to approve investment policy decisions for the HCM City- Moc Bài Expressway project. The Prime Minister has asked the people’s committees of HCM City and Tây Ninh Province to report to their people’s councils that the HCM City People’s Committee will be in charge of making investment decisions.

colliers.com/vietnam

Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Vietnam hopes for stronger partnership with US: PM

www.vietnamplus.vn Vietnam's Ministry of Vietnam always considers the US one of its most important partners and wishes to continue developing its comprehensive partnership with the country, especially in economic, trade, and investment cooperation, Prime Minister Nguyen Xuan Phuc has told US officials. At a reception in Hanoi on October 26 for the CEO of the US International Development Finance Corporation (DFC), Adam Boehler, and representatives from the US Department of Treasury (USDT), Department of Commerce, and the US Export-Import Bank (US EximBank).

Vietnam hopes for stronger partnership with US: PM

Suzuki mulls assembling passenger cars in Vietnam

www.vnexpress.vn Toshiyuki Takahara, general director of Suzuki Vietnam, told local media that the country is a key market for the company and it is considering assembling certain models there. Suzuki’s market share in Vietnam has been increasing over the past three years. It sold more than 6,800 vehicles in 2018, accounting for 2.5 percent of the market share. Last year, these numbers increased to 11,780 and 3.9 percent, correspondingly.

Suzuki mulls assembling passenger cars in Vietnam

GE signs agreements with EVNGENCO 3 to boost largest power plants in VN

www.vir.com.vn GE (NYSE: GE) announced a new contract with Vietnamese state-owned power utility Power Generation JSC 3 (EVNGENCO 3) to continue to supply parts and services for its Phu My 2.1 and 4 power plants. The two plants are located in the 3,900MW Phu My Power Generation Center in the southern part of the country and provide approximately 10 per cent of the country’s energy needs.

Condotel and officetel have the hope of being legitimate

www.vccinews.vn Recently, the Government Office issued Announcement No. 33/TB-VPCP, conveying the conclusion of Deputy Prime Minister Trinh Dinh Dung at the Central Steering Committee on housing policy and real estate market meeting, in order to remove difficulties, promote production and business. In particular, the Deputy Prime Minister asked the Ministry of Natural Resources and Environment to assume the prime responsibility for studying amending and supplementing the land use regime, granting certificates of land use rights and ownership of other land-attached assets for condotel and officetel.

HCM City seeking ways to attract more FDI

www.vir.com.vn There is a trend of real estate developers moving their investments from big cities of Hanoi and Ho Chi HCM City is enacting numerous solutions to facilitate FDI into the city by focusing on infrastructure and administrative procedures, as the fund poured into it has been dwindling this year. The country’s biggest economic hub received 3.25 billion USD worth of FDI in the first nine months of the year, a 28 percent decrease year-on-year, according to the city's Statistics Office.

colliers.com/vietnam

Daily Real Estate News Highlights Top 5 - Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers News Enterprises 'escape' from luxury offices www.daidoanket.vn According to the report on Ho Chi Minh City office market in Q3/2020

by Colliers International Vietnam, due to the effect of the Covid-19, some companies began to move their offices out of the central areas such as District 1, District 3 to cut costs. New districts attract attention, including: District 7, Tan Binh District. Class B buildings have been quickly sought after by small and medium enterprises because Class A office rental prices are constantly increasing.

Enterprises "escape" from luxury offices

Vietnam, Australia work to boost two-way trade

www.vietnamplus.vn A trade working group within the framework of the Ministerial-level Vietnam-Australia Economic Partnership Meeting convened an online meeting on October 27. Vietnam proposed Australia raise the awareness of its associations, businesses and localities about bilateral trade promotion activities. The Australian side spoke highly of Vietnam’s role in its trade and suggested boosting cooperation in the fields of education-training, mining and tourism.

Vietnam, Australia work to boost two-way trade

Ba Ria-Vung Tau to speed up key national projects

www.vietnamplus.vn The southern coastal province of Ba Ria - Vung Tau has asked the Government to allocate capital from the central budget to speed up progress of national key projects in the province over the next five years. Of the 16 major public-invested projects, three of the most important projects are the Bien Hoa – Vung Tau expressway, Phuoc An Bridge and 991B Road, according to the provincial People’s Committee.

The expressway, connecting Bien Hoa City in Dong Nai and Ba Ria City in Ba Ria - Vung Tau, is expected to be completed and opened to traffic by 2025.

$1-billion project kick-started in Thanh Hoa

Ba Ria-Vung Tau to speed up key national projects

www.vietnamnews.vn A US$1 billion project was started on Monday in the northern seaside province of Thanh Hóa by Sun Group, one of Viet Nam's largest real-estate developers The 550-hectare project consists of a massive plaza, pedestrian streets, hotel and resort complexes and recreational facilities. The construction of the plaza and pedestrian streets in Sam Son City are set to be completed in the first quarter of 2022.

colliers.com/vietnam

Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers News Success formula of the industrial park: "Location, location and location" www.tinnhanhchungkhoan.vn The advantage of industrial real estate depends heavily on location and its ability to “invite guests into the house”. Mr. Terence Alford, Capital Markets and Investment Services Manager, Colliers International said “A competition to attract investment capital was taking place very strongly in Asia, especially the two "giants" who wished to compete to attract FDI with Vietnam, India and Indonesia and we definitely needed to be more “flexible in transformation” to become the choice of foreign investors and enterprises.”

Mr. Terence Alford, Director of Capital Markets & Investment Services

Rushed into industrial real estate

www.nhipcaudautu.vn According to the latest report by Colliers International, domestic enterprises and especially foreign enterprises tend to rent prefabricated factories to be active in source capital, save costs, time and be able to go into operation immediately. Mr. David Jackson, CEO of Colliers Vietnam, predicted: “With limited industrial land and increasing demand, multi-storey warehouse was the trendy solution”. This is also a very popular model in countries and territories such as Hong Kong, China, and Japan and is likely to thrive in Vietnam in the next 3-5 years.

Railway system needs to be upgraded: PM

Vietnam’s mobile ad market expected to hit 211 million USD in 2020 www.vietnamplus.vn

The mobile advertising market in Vietnam is expected to reach 211 million USD by the end of this year, according to the “Vietnam Mobile & Smartphone Application Report in the first half of 2020” released by Appota Group - a digital entertainment company. The report said Vietnam ranks 6th in Southeast Asia in terms of mobile ad spending and accounts for the largest share of the digital industry. Due to COVID-19, the increasing trend of users using the internet means businesses are choosing digital advertising and promotions in response to the pandemic.

Bac Lieu gets US$3 billion from FDI power project

www.thesaigontimes.vn Offshore Energy, Bechtel Corporation, General Electric and McDermott signed a Master Teaming Agreement this morning at the opening ceremony of the Indo Pacific BizForum in Hanoi to bring in U.S. equipment and services worth more than US$3 billion for the development of the Bac Lieu LNG-to-power project in Bac Lieu province to help address the growing clean, reliable and competitive energy needs of Vietnam. colliers.com/vietnam

Daily Real Estate News Highlights Top 5 - Daily Updated Real Estate News Colliers International’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers News Adjusting IZs to entice more investors www.bizreal.vn In that trend, the demand for industrial real estate increased, by nearly 40% while the land fund of industrial parks in Ho Chi Minh City was almost unchanged, according to Colliers International. Therefore, as of September 2020, the average rental price of industrial park land in Ho Chi Minh City has reached an average of USD 150 / m2 / term, the highest level in the country. The occupancy rate is always maintained at 90%.

Adjusting IZs to entice more investors

Flocked into industrial real estate

www.diendankinhte.vn In that trend, the demand for industrial real estate increased, by nearly 40% while the land fund of industrial parks in Ho Chi Minh City was almost unchanged, according to Colliers International. Therefore, as of September 2020, the average rental price of industrial park land in Ho Chi Minh City has reached an average of USD 150 / m2 / term, the highest level in the country. The occupancy rate is always maintained at 90%. Mr. David Jackson, CEO of Colliers Vietnam, predicted “With limited industrial land and increasing demand, multi-storey warehouse was the trend solution”. This is also a very popular model in countries and territories such as Hong Kong, China, and Japan and is likely to thrive in Vietnam in the next 3-5 years.

Flocked into industrial real estate

Vietnam’s CPI up 0.09% in October, lowest in five years

www.nhandan.org.vn The consumer price index (CPI) in October rose by a slight 0.09% against the previous month, mainly due to higher education costs and the impact of the flooding in central Vietnam, according to the General Statistics Office. However, the figure was still the lowest monthly increase during the 2016-2020 period as several products and services recorded decreases during the month.

More French experts will arrive in Hanoi to assist metro line project: ambassador

www.tuoitrenews.vn France will send more experts to Hanoi to assist the construction and operation of an important metro project, according to French Ambassador to Vietnam Nicolas Warnery. Ambassador Warnery and Nguyen Cao Minh, head of the Hanoi Metropolitan Railway Management Board, chaired a press conference on Wednesday afternoon.

colliers.com/vietnam

INVESTMENT PROJECT COMMERCIAL DEVELOPMENT SITE IN NHA BE Phuoc Kien Ward, Nha Be District, HCMC

Summary Information • Location: Nguyen Huu Tho Street, Phuoc Kien Ward, Nha Be District, HCMC, VN • Land Area: 2,195.1 sq.m • Land Tenure: Freehold • Legal Status: Vacant land • Land Use Purpose: Commercial and Hospitality • Construction Density: 45% • Construction Land Area: 987.8 sq. m • Maximum Plot Ratio: 1.5 times • GFA: 3,292.65 sq. m • No. of floors: 3 Floors (Excluded basement & technical floor)

Site Plan • Residential

All enquiries and requests in relatio to this opportunity are to be directed to:

Terence Alford Director | Capital Markets Main: +84 8 3827 5665 MB: +84 837 197 184 Email: Terence.Alford@colliers.com

COLLIERS INTERNATIONAL Level 3, Deutsches Haus 33 Le Duan, District 1 HCMC | Vietnam www.colliers.com/vietnam

› Next to Galleria - a low rise existing residences › 1km to Dragon Hill Apartment Building › 3km to Nine South Villas, Lavila Villas and Zeigeist XII Project • Commercial & Facillites › 2km to Area 20 Park, local school and hospital › Under 5km to other shopping mall such as Cresent Mall, SC Vivo City, Lotte Mart D7 • Accessibility › Facade of the project is on Nguyen Huu Tho Street, connect directly and easily to access to other districts › Approximately 10km away from the CBD

INVESTMENT

HIGHLIGHTS

• Prime locaation Phuoc Kien Ward, Nha Be District, which conveniently, easilly access to other districts.

• Clean and clear legal document, ready for acquisition.

• Surrounding by residental projetcs/ existing residences - an added advantage for commercial development.

• Advantage from future Metro Line No.4 on Nguyen Huu Tho St.

Accelerating success.

INVESTMENT PROJECT RESIDENTAIL DVELOPMENT SITE IN NHA BE Phuoc Kien Ward, Nha Be District, HCMC

Summary Information • Location: Nguyen Huu Tho Street, Phuoc Kien Ward, Nha Be District, HCMC, VN • Land Area: 9,954.8 sq.m • Land Tenure: Freehold • Legal Status: Vacant land • LandUse Purpose: Residential (Low-rise) • Transaction Type: Asset Transfer or Project Transfer

Site Plan

All enquiries and requests in relation to this opportunity are to be directed to:

Terence Alford Director | Capital Markets Main: +84 8 3827 5665 MB: +84 837 197 184 Email: Terence.Alford@colliers.com

• Residential › Next to Galleria - a low rise existing residences › 1km to Dragon Hill Apartment Building › Opposite to Metro City Project • Commercial & Facillites › Under 2km to Area 20 Park, local school, administration and hospital › Under 6km to other shopping mall such as Cresent Mall, SC Vivo City, Lotte Mart D7

COLLIERS INTERNATIONAL Level 3, Deutsches Haus 33 Le Duan, District 1 HCMC | Vietnam www.colliers.com/vietnam

• Accessibility › Facade of the project is on Nguyen Huu Tho Street, connect directly and easily to access to other districts › Approximately 10km away from the CBD

INVESTMENT

HIGHLIGHTS

• Prime locaation Phuoc Kien Ward, Nha Be District, which conveniently, easilly access to other districts.

• Clean and clear legal document, ready for acquisition.

• Surrounding by residental projetcs/ existing residences - an added advantage for commercial development.

Him Lam Urban Area Trung Son Residences Him Lam Residences Nguyen Van Linh Blvd.

Kim Son Residences

Phu My Hung Urban Area

6B Intresco Residences T30 Residences

Dragon Hill Apt Building

• Advantage from future Metro Line No.4 on Nguyen Huu Tho Street • Flexible design and adjustable development framework

Galleria

SC Metro City Project

The Site

Accelerating success.

INVESTMENT PROJECT 3HA LOGISTIC HUB - AN HA IP

Summary Information • Location: Lot 15-17-19-21, Area G. D2 Street, An Ha I[, Pham Van Hai Commune, Binh Chanh District, HCMC • Land Area: 34,481.4 sq.m • Current Status: Bare Land • Legal Use Tenure: Until 2058 (38 years remaining) - Land use fee paid annually • Land Use Purpose: Industrial Land • Land Price: To be confirmed

All enquiries and requests in relatio to this opportunity are to be directed to:

Terence Alford Director | Capital Markets Main: +84 8 3827 5665 MB: +84 837 197 184 Email: Terence.Alford@colliers.com

COLLIERS INTERNATIONAL Level 3, Deutsches Haus 33 Le Duan, District 1 HCMC | Vietnam www.colliers.com/vietnam

Access and Transportation • Strategically located in An Ha Industrial Zone – which has been developed and operating since 2014, Binh Chanh district, HCMC. The area is nearby the border between HCMC and Long An Province, only 1 hour driving from HCM CBD. › To Tan Son Nhat Airport: 23 km INVESTMENT HIGHLIGHT › To HCM CBD : 23 km › To Cat Lai Port : 46 km • Clean and clear legal documents, ready for acquisition › To 1A National Road : 10,5 km • Location within HCMC gives the asset the advantage of › To Highway

: 12 km

S

accessibility and transportation, especially for logistic and warehouse

• Surrounding by fully developed infrastructure and amenities

Accelerating success.

INVESTMENT PROJECT 15HA BONDED LOGISTIC HUB DINH VU DEEP C | INDUSTRIAL ZONE

Summary Information • Location: Lot CN5.6A, Dinh Vu industrial Zone, Dong Hai 2 Ward, Hai An District, Hai Phong City • Land Area: 150,000 sqm • Current Status: Construction on land included warehousem 2-storey office building, parking lot, etc • Legal Use Tenure: Until 2058 (38 years remaining) • Land Use Purpose: Logistic Hub • Land Price: To be confirmed

Existing Constructions

Note: According to the LURC No. CK 926688 dated on 23rd Feb 2018 All enquiries and requests in relation to this opportunity are to be directed to:

Terence Alford

Thuy Nguyen

Director | Capital Markets Main: +84 8 3827 5665 MB: +84 837 197 184 Email: Terence.Alford@colliers.com

Analyst | Capital Markets Main: +84 8 3827 5665 MB: +84 961 524 757 Email: Thuy.Nguyen@colliers.com

COLLIERS INTERNATIONAL

Thu Do

Level 3, Deutsches Haus 33 Le Duan, District 1 HCMC | Vietnam www.colliers.com/vietnam

Executive | Capital Markets Main: +84 8 3827 5665 MB: +84 963 241 320 Email: Terence.Alford@colliers.com

Accelerating success.

INVESTMENT PROJECT 15HA BONDED LOGISTIC HUB DINH VU DEEP C I INDUSTRIAL ZONE

Accessibility and Transportation

The Property is strategically in Dinh Vu Deep C I Industrial Zone, which has been developed and operating since 1997, within the Dinh Vu – Cat Hai. Dinh Vu Industrial Zone is in the Dinh Vu peninsula – on the lower river from Haiphong to the sea, on the continental shelf of the Gulf of Tonkin.

One of the advantages of the IZ is adjacent to the new Haiphong International Gateway Port (Lach Huyen Deep Sea Port), Cat Bi International Airport, and North Vietnam Coastal Expressway, etc.

INVESTMENT

HIGHLIGHTS

• Clean and clear legal documents, ready for acquisition • Surrounding by fully developed infrastructure and amenties • Modern, well constructed, clean and secure warehouse system for any kind of products, especially heavy product • Strategic location within Dinh Vu – Cat Hai Economic • Zone with many investment incentives (tax, land use fee, etc.)

• Local entity set up and held 100% offshore by a International private owner

Terence Alford Director | Capital Markets Main: +84 8 3827 5665 MB: +84 837 197 184 Email: Terence.Alford@colliers.com

Thuy Nguyen Analyst | Capital Markets Main: +84 8 3827 5665 MB: +84 961 524 757 Email: Thuy.Nguyen@colliers.com

Accelerating success.

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