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Daily Real Estate News Highlights Vietnam - 01 April 2019
Top 5 - Daily Updated Real Estate News Colliers International’s Residentail Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
My Dinh - a new community of Japanese - South Korean in Hanoi Doi Song - Phap Luat My Dinh District is establishing a new Japanese and South Korean community when foreign capital influxes from the two countries to Hanoi sharply increased. According to a report conducted by Colliers International in Vietnam in 2018, Hanoi is showing its potential as an advantageous investment destination for multinational corporations, FDI capital influx flowing strongly embassies and international organizations. Furthermore, FDI capital into Hanoi will highlight high-end influx flowing strongly into Hanoi will highlight high-end apartment- apartment-for-rent market in upcoming years for-rent market in upcoming years. RedDoorz hotel chain to expand across Viet Nam Bizhub RedDoorz, an international affordable hotel chain operating in Southeast Asia, aims to expand to three more cities in Viet Nam by the end of this year. The chain came to the country last October, and is currently the biggest in HCM City with over 40 hotels. It aims to replicate that status in the country with over 200 hotels in at least A RedDoorz hotel in HCM City, Vietnam four cities, its current targets for expansion being Ha Noi, Da Nang and Vung Tau. Taiwanese firm buys 20 per cent stake in Danang Port Vietnam News Taiwanese shipping company Wan Hai Lines has acquired a 20 per cent stake in Danang Port JSC to become the new principle shareholder of the Vietnamese port. The Taiwanese firm purchased Danang Port shares through its sub-unit Wan Hai Lines (Singapore) Pte Ltd. Wan Hai Lines bought 19.83 million shares in Danang Port JSC via put-through transactions last Friday, the Hanoi Stock Exchange (HNX) said in a statement on March 27th. Quang Ninh tops provincial competitiveness index VOV The northern province of Quang Ninh continues to retain the top spot of Provincial Competitiveness Index (PCI) 2018 rankings which were jointly announced by the Vietnam Chamber of Commerce and Industry and the US Agency for International Development on March 28. Quang Ninh took the crown for a second consecutive year. Public debt a big risk for VN’s economy, say experts Vietnam Investment Review The State budget deficit, which regularly remains at a high level, and rising public debt are among the biggest macro-economic risks facing Vietnam, making it more difficult for the Government to help the economy head towards growth, said Professor Tran Tho Dat, principal of the National Economics University (NEU). 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. ©2017. All rights reserved. vietnam.media@colliers.com
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Daily Real Estate News Highlights Vietnam - 02 April 2019
Top 5 - Daily Updated Real Estate News 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.
Mikazuki Group commences resort project in Da Nang Bizhub Japan’s Mikazuki Group commenced construction of the Da Nang-Mikazuki Japanese Spa and Resort project – the first five-start resort and entertaiment centre in Da Nang Bay – at a ground-breaking ceremony on March 27th. The project, which has been designed Mikazuki Group commences as a Japanese-style centre of resort and recreation, will cover resort project in Da Nang 12.3ha with total investment of more than US$100 million, offering a 500-room resort, a hotspring and water park and an ecological garden area. It’s expected to open in 2021. Foreign retailers raise the local game Vietnam Investment Review Along with the impacts of the Comprehensive and Progressive Trans-Pacific Partnership, removing the requirement for an economic needs test will create more pressure on the domestic retail sector, Fujimart hopes to use its modern Japanese-style retail exand force local retailers to improve competitiveness to prevent being pertise to attract increasingly well-off consumers in Vietnam swallowed up by foreign players. Vietnam seeks investment in energy market VOV There is need for investment in Vietnam in production, export capacities and upgrading of infrastructure, Phan The Anh, deputy general director of the Ministry of Industry and Trade’s southern affairs, said. The Government is looking for responsible and sustainable investment that not only secures the future of the country but is also sensitive to the environment, he told the first Electrify Vietnam Summit, which opened on March 28 in HCM City. Ba Ria –Vung Tau earns more investment in Q1 Vietnam News Ba Ria – Vung Tau has licensed nearly US$569 million in registered capital for 11 new projects and 12 existing projects by both domestic and foreign investors since the beginning of 2019. The sum is equivalent to 47.4 per cent of the province’s target for the entire year – $1.2 billion – according to the local industrial zone authority. In the same period, $189 million was disbursed for projects at local industrial parks, surging by 210 per cent year on year. Vinachem wants to sell off sinking chemical plant to pay debts VnExpress State-owned chemical group Vinachem, facing mounting pressure from debts, wants to sell a major fertilizer plant to pay them off. Speaking at a recent government-held meeting, the company’s chairman Nguyen Phu Cuong said the financial burden caused by its Ninh Binh urea fertilizer plant could bring down the entire company. The plant has faced many difficulties and owed around $116.03 million to creditors as of December 2018, he said. 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. ©2017. All rights reserved. vietnam.media@colliers.com
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Daily Real Estate News Highlights Vietnam - 03 April 2019
Top 5 - Daily Updated Real Estate News 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.
HCM City begins work to become southern logistics hub Vietnam News The HCM City Department of Industry and Trade has reported to the city government that it is appraising tenders from contractors to develop logistics facilities and turn the city into a logistics hub for Southern Vietnam. Nguyen Ngoc Hoa deputy director of the department said the project aims to develop the city into a national HCM City hopes to become a logistics hub of the south transshipment port with ports linked with Cai Mep – Thi Vai international port and build a network of inland container depots, reducing the high logistics costs. What are the real estate trends in 2019? Vietnam Investment Review Along with the ceremony honouring the winners of VIR’s real estate poll, VIR held the “Real estate Trends in 2019” seminar with the participation of experts, leaders of the Vietnam National Real What are the real estate trends in 2019? Estate Association, the Vietnam Association of Realtors, and leading developers. Ministry auctions 15 pct stake in construction giant Viglacera Bizhub Japan’s Mikazuki Group commenced construction of the Da Nang-Mikazuki Japanese Spa and Resort project – the first five-start resort and entertaiment centre in Da Nang Bay – at a ground-breaking ceremony on March 27. The project, which has been designed as a Japanese-style centre of resort and recreation, will cover 12.3ha with total investment of more than US$100 million, offering a 500-room resort, a hotspring and water park and an ecological garden area. It’s expected to open in 2021. VinaCapital invests in tourism project in Binh Dinh province VOV Investment group VinaCapital has injected over 1.1 trillion VND (47.4 million USD) into a project at the Nhon Ly – Cat Tien marine tourism area in Phu Cat district, central Binh Dinh province. On March 30, the group kick-started the construction of the four-star Maia Quy Nhon Beach Resort on 34.15 hectares. The resort is designed with 755 rooms, and 80 percent of its villas have swimming pools and outdoor living space. Vice Chairman of the provincial People’s Committee Nguyen Phi Long said the project is expected to promote tourism in Binh Dinh. He stressed that the province is investing to build a road connecting Phu Cat airport to Nhon Hoi economic zone, and Cat Tien urban area. This will help ensure the success of the resort and other tourism projects, Long said.
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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. ©2017. All rights reserved. vietnam.media@colliers.com
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Daily Real Estate News Highlights Vietnam - 04 April 2019
Top 5 - Daily Updated Real Estate News 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.
Novaland launches NovaBeach Cam Ranh Bao Giao Thong Novaland has officially put its footprint on Cam Ranh hospitality market in Cam Ranh with a new project called Novabeach Cam Ranh Resort & Villas. NovaBeach Cam Ranh Resort will be a complex containing villas, bungalows, hotels, condotels, and many Novaland launches NovaBeach Cam international-standard amenities. NovaBeach will be operated by Ranh Minor Hotels group, which is famous for brands like AVANI, AVANI Residences, and Oaks. FLC Group to build 24 projects in Quang Ninh Bizhub FLC Group is exploring investment opportunities in 24 projects in the northeastern province of Quang Ninh. This information was Group to build 24 projects in released at a meeting between Quang Ninh Province’s Standing FLC Quang Ninh - A view of Ha Long Bay Party Committee and FLC Group earlier last week. The projects in Quang Ninh Province are expected to be implemented in five localities in the provinces including Ha Long, Mong Cai, Cam Pha, Uong Bi and Van Don. South Korea lends housing support Vietnnam Investment Review South Korea has been boosting its support for Vietnam to f ormulate its social housing policy currently being implemented effectively nationwide, bringing major benefits to local people. On February 21, the Korea International Cooperation Agency (KOICA) and the Ministry of Construction (MoC) jointly organised the Inception Workshop for the project entitled “Establishment of the 2021-2030 Comprehensive Social Housing Policy in Vietnam.” HCMC completes 8,550 of 12,500 resettlement apartments in District 2 Bao Moi The Ho Chi Minh City Department of Construction has released a report on the resettlement program of Thu Thiem New Urban Area, District 2. The housing and resettlement program in Thu Thiem is planned to provide 12,500 apartment units in which 8,550 units have been built; in details, 2,924 units have been handed over to the resettled citizens, 3,790 units were auctioned for paying back the initial investment, and 1,836 units were put on negotiation with the investors for resettlement purpose to avoid re-purchasing of the units. In the 4.0 era, houses must be smart Kinh Te Do Thi In order to meet demand on smart apartments of many Vietnamese customers, both overseas and domestic property investors have begun to launch smart apartment products in Hanoi and HCMC. However, not every project can meet standards of smart apartment model. Hundreds of smart apartments in Ha Noi is adapting the hot trend in furnishing the unit with smart and premium utilities started with The Zen Residence developed by Gamuda Land Vietnam. 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. ©2017. All rights reserved. vietnam.media@colliers.com
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Daily Real Estate News Highlights Vietnam - 05 April 2019
Top 5 - Daily Updated Real Estate News 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.
HCM City attracts over US$1 billion FDI investments in first two months Vietnamnet More than US$1.02 billion of foreign direct investment (FDI) was registered for projects in HCM City in the first two months of the year, according to the Ministry of Planning and Investment. In January, HCM City received registration for FDI of more than US$745 million, HCM City attracts over US$1 the largest amount of FDI for any locality in the country. billion FDI investments in first two Japanese investors flock to real estate months - Tan Binh Industrial Park Vietnam Investment Review Even though the Vietnamese property market is dominated by Singaporean and South Korean developers, Japanese investors are trying to climb closer to the top spot. For the past year, many Japanese investors have co-ordinated with Vietnamese counterparts to develop property projects in the country. The largest project to come from Japanese investment so far, Sumitomo and BRG Group are expected to start construction of a $4.2 billion smart city in Japanese investors are increasingly attracted to the VietnamHanoi this year. ese real estate market Investors eye urban project Saigon Times Weekly The long-stalled Binh Quoi-Thanh Da ecological urban area project in HCMC is expected to revive soon, as five local and foreign investors have registered to participate in a public tender for the project. The Binh Quoi-Thanh Da project, which covers some 427 hectares of land on Thanh Da Peninsula in Binh Thanh District, won the HCMC government’s approval in 1992. In 2004, Saigon Construction Corporation was assigned to develop the project, but the firm failed. In 2015, a joint venture comprising Bitexco and Emaar Properties PJSC, a property developer from Dubai, was chosen to continue the project, with a total investment of over VND30 trillion. Interactive architecture demonstrates the future of housing Vietnam News Interaction and adaptation using modern technology are crucial elements of contemporary architecture, an award-winning architect says. Minh Phuc Nguyen, co-founder of architecture firm MPN + Partners, says that architecture, like Industry 4.0, has gone through different phases. In the first, people simply considered architecture a means to find shelter from external attacks. Later on, as civilization developed, architecture catered to different aspects of our daily life. The character of buildings began to change as society developed and aesthetics acquired importance. Today, in the Industry 4.0 era, architecture is inseparable from technology, and technological advances enable greater interaction and adaptation, to the extent that it becomes multi-dimensional, based on different times of the year. 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 - 08 April 2019
Top 5 - Daily Updated Real Estate News Colliers International’s Residentail Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Officetels allowed to be converted into other purposes Bizhub HCM City has allowed the conversion of officetel projects into other purposes, except for residential purposes, to meet the city’s urban development demand, more than a year since it halted licensing new officetel projects. Halting the licensing of new officetel projects since April 2018 aimed to wait for the Government’s issuance of Officetels allowed to be converted into other purposes regulations on this new type of property. 2019 land lot prices in HCMC expected to increase by 10-15pct Dan Tri According to a report 2019 of Vietnam Reality Association, suburban land fund of HCMC is currently pretty abundant and diverse, so land lot supply for HCMC in 2019 is forecasted to continue to be stable, and prices will likely increase by 10-15pct on-year. For example, among provincial real estates that are adjacent to HCMC, Long An province in 2018 records price increases of many times compared to 2017. 2019 land lot prices in HCMC expected to increase by 10-15pct Most Japanese firms want to expand Vietnam operations Vietnam Express Higher revenues have motivated almost 70 percent of Japanese firms in Vietnam to consider expanding their business here. This figure is highest among the six Asian countries polled by the Japan External Trade Organization (JETRO). Higher revenue was cited as the reason for expansion plans by 65 percent of Japanese businesses. Another 43 percent saw greater potential and high growth as encouraging factors. FDI to raise up supporting industries Vietnam Investment Review Foreign electronic parts manufacturers, particularly those supplying products to Apple, are coming to set up production in Vietnam, providing a golden chance for the supporting industries to grow and develop. According to Panzica, Vietnam is a destination for low-cost manufacturing, but it will also climb the learning curve. Vietnam will be able to do more value-added activities such as developing its own tooling. In 5-10 years, the country will develop the capability to become a turnkey manufacturing centre. Foreign investment in banking sector to surge VOV The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II standards is spelling the start of a wave of foreign investment into the country’s finance and banking sector in 2019, experts said. From the beginning of this year, the market has seen positive signals on rising foreign investment in the sector. 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. ©2017. All rights reserved. vietnam.media@colliers.com
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Daily Real Estate News Highlights Vietnam - 09 April 2019
Top 5 - Daily Updated Real Estate News 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.
VinCity Sportia opens for foreign buyers Bizhub VinCity Sportia, a property project under Vingroup, has been given permission to sell apartments to foreigners in Viet Nam. The project is the first this year to receive a licence from the Ha Noi Department of Construction. The news has caught the eye of the expatriate community in the capital, mainly individual investors, large investment An illustrated image of VinCity Sportia, a dynamic and smart funds and foreign businesses, especially those from South Korea and Japan, due to the project’s central location and high-quality. Real estate wants further foreign funds Vietnam Investment Review Listed real estate companies in Vietnam are actively seeking out foreign investment for their portfolios. In order to gain a target of VND110 billion ($4.78 million) in after-tax profit this year, the listed Listed real estate firms are Netland plans to make the call for funding from international partners. looking for more foreign investAccording to Nguyen Huu Quang, Netland’s deputy general d irector, ment so as to swell their markets and strength the company has been seeking cheap capital sources o utside the country and co-operation with foreign financiers in order to expand its markets. Vietnam borrows $188 million to boost connectivity in the north VnExpress The southern province of Binh Duong plans to focus on developing industry and smart services in 2019 by improving cooperation between the State, businesses and scientists, and promoting international exchanges. According to Vice Chairman of the provincial People’s Committee Mai Hung Dung, Binh Duong will concentrate on 11 key projects, including smart logistics. Binh Duong to develop industry, smart services VOV The southern province of Binh Duong plans to focus on developing industry and smart services in 2019 by improving cooperation between the State, businesses and scientists, and promoting international exchanges. According to Vice Chairman of the provincial People’s Committee Mai Hung Dung, Binh Duong will concentrate on 11 key projects, including smart logistics. Banks and insurers to ramp up cooperation Vietnam Insider Banks and insurance companies are ramping up cooperation in selling life insurance products (bancassurance) to cash in on the high growth segment as some have posted annual triple-digit growth rates in the business. After successful partnerships with VPBank, CitiBank, ACB and SeABank, insurer AIA Vietnam this year continued to cooperate with Kien Long Commercial Joint Stock Bank (Kienlongbank) to strengthen bancassurance exploitation. 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. ©2017. All rights reserved. vietnam.media@colliers.com
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Daily Real Estate News Highlights Vietnam - 10 April 2019
Top 5 - Daily Updated Real Estate News 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.
10,000 apartments set for sale in Da Nang Bizhub The central city of Da Nang has proposed selling 10,000 apartments under State ownership to pay for new housing projects in 2020-30. Deputy director of the city’s construction department, Nguyen Van Nam, said the proposal was discussed in a meeting between the city and the ministry of construction last week. Nam stated that the city The city proposed to sell 10,000 apartments under State ownand the ministry agreed to submit the plans to the Government for ership to pay for new housing approval. projects Binh Duong tightens real estate Vietnam News The hot development of the real estate market in the southern province of Binh Duong has led to hundreds of projects that now provide thousands of apartments for residents and migrant workers, but many violations by investors in the projects have occurred. As Many real estate companies from many as 358 housing projects covering over a total area of 4,500 HCM City and Dong Nai have hectares have received licenses, but only 270 of them have kicked moved to do business in Binh Duong province off, according to the provincial Construction Department. Plans proposed for building Lao Cai-Hanoi-Hai Phong railway The Saigon Times The Beijing-based China Railway Fifth Survey and Design Institute Group, the consultant unit that mapped out Vietnam’s Lao Cai-Hanoi-Hai Phong rail route project, has proposed two plans for the project’s construction, according to the Ministry of Transport. The existing railway running from Lao Cai to Hai Phong has an average speed of 50 kilometers per hour and a maximum speed of 80 kilometers per hour, so it cannot meet the demand for transport over the long term. Investment Opportunities for Thailand to Capture VOV Deputy Prime Minister Somkid Jatusripitak has emphasized Thailand’s economic strength and ambition to extend economic cooperation across Asia, saying that there are four opportunities for the country to capture. In his keynote speech on the topic “Thailand Investment Year: Turning Challenges into Opportunities,” made at an investment seminar organized by the Board of Investment (BOI) on 4 March 2019, Mr. Somkid cited continuous economic growth over the past four years as the first opportunity for Thailand. Asian markets mostly higher as Shanghai extends rally Vietnam Investment Review A Shanghai rally led gains across most Asian markets on Wednesday (Mar 6) as Chinese investors grow increasingly optimistic over trade talks with the US. With expectations that Washington and Beijing will eventually strike a tariffs deal already baked into equity prices, analysts say officials will need to provide some clarity on progress to give markets another step up. 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. ©2017. All rights reserved. vietnam.media@colliers.com
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Daily Real Estate News Highlights Vietnam - 11 April 2019
Top 5 - Daily Updated Real Estate News 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.
Industrial realty firms boosted by FDI increase Vietnam Investment Review The increase of foreign direct investment (FDI) in the first two months of the year has contributed to a better performance of listed industrial park developers. According to the General Statistics Department, FDI flowing into projects in Vietnam picked up 9.8 per Tien Hai Industrial Zone in Thai Binh cent year on year to a three-year high of US$2.58 billion in January Province. and February. In the same period, foreign investors poured $8.47 billion into Viet Nam in various channels, including FDI projects. FLC Group to launch six projects in Hai Phong Bizhub Property developer FLC Group has proposed six new projects in the northern port city of Hai Phong. The information was revealed at a artist’s impression of FLC Do meeting between the city’s leaders and FLC Group. The six projects AnSon complex in Hai Phong City include Do Son resort and hi-end ecological villa complex, a resort and urban area complex in Hai An District, an urban area in Tan Thanh Ward. Logistics in Mekong Delta yet to meet expectations VnExpress Hanoi plans to ban motorbikes by 2030 to combat its traffic and pollution woes. The city Department of Transport is considering two options to reduce private vehicles on the roads, one of which is to limit and then gradually prohibit motorbikes in the downtown area by 2030. “The sooner Hanoi can ban motorbikes, the better,” Vu Van Vien, the department’s director, said at a meeting Saturday with Hoang Trung Hai, the city Party chief. Vien said his department is working with the transport ministry’s Transport Development and Strategy Institute to develop the plan, which would also include a halt to licensing of new motorbikes. The other option they are considering is to collect fees for vehicles entering the inner city. Vietnam’s credit growth expands 0.77% in two months of 2019 Vietnam News Vietnam’s credit growth in the first two months of this year expanded by just 0.77 percent against the end of 2018, the lowest level in the past few years, reports from the Ministry of Planning and Investment (MPI) showed. The rise in the same period in 2018 and 2017 was nearly 2 percent. During the two-month period, mobilised capital rose by 1 percent, with interest rates tending to rise in the few weeks before the Lunar New Year and drop after the country’s largest holiday, according to the report. Interest rates for dong deposits averaged at 4.5-5.5 per cent per year for terms of less than 6 months, 5.5-6.5 percent per year for terms of 6 to 12 months and 6.6-7.3 percent per year for 12-13 months. 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. ©2017. All rights reserved. vietnam.media@colliers.com
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Daily Real Estate News Highlights Vietnam - 12 April 2019
Top 5 - Daily Updated Real Estate News 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.
Hyatt announces plan for Park Hyatt Hotel and Residences in Phu Quoc Vietnam Investment Review Hyatt Hotels Corporation and BIM Group will co-operate to develop Park Hyatt Phu Quoc Hotel and Residences, to bring the Park Hyatt brand to Phu Quoc. On March 13, Hyatt Hotels Corporation (NYSE: H) announced that a Hyatt affiliate has entered into an agreement Hyatt announces plan for Park with an affiliate of BIM Group to develop the 110-key Park Hyatt Phu Hyatt Hotel and Residences in Phu Quoc hotel as well as 65 residences. Quoc - The public area at Park Hyatt Phu Quoc First Wyndham Garden hotel opens in Viet Nam Bizhub Wyndham Hotel & Resorts, the world’s largest hotel franchising company, officially launched its first hotel in Viet Nam with the opening of Wyndham Garden Hanoi. The upper-midscale hotel was developed by PPC An Thinh Investment and Infrastructure Development JSC (PPCAT) and will operate under a management agreement with Wyndham Hotel & Resorts. Located in one of Ha Wyndham Garden Hanoi is the first hotel in Viet Nam operated Noi’s fastest developing districts – Ha Dong. under the management of WynDeputy PM asks for quickening public investment disbursement dham Hotel & Resorts VOV Deputy Prime Minister Vuong Dinh Hue has asked ministries, sectors, and localities to further hasten the allocation of public investment capital as well as investors to promptly make receiving reports and payments. The move came after the disbursement of public investment reportedly slowed down in the first two months of 2019, according to a document sent by the Government Office to relevant ministers, sectors and localities on March 11. State to explore fee cuts for shipping companies Vietnam News The Vietnam Maritime Administration has requested that associations, seaport companies and shipping companies be exempted or allowed to pay reduced service fees for containers stored at seaports for a long time. The proposal was laid out in document No 646/CHHVN-VTDVHH, issued on March 7 to create favourable conditions for the owners of the containers to release the goods stored at seaports. PwC’s global experts discuss the future of banking VnEconomicTimes PwC Consulting Vietnam organized the “The Future of Banking” seminar recently, with the participation of PwC’s Global Financial Services Leader Mr. John Garvey and local bank leaders. Together with a panel of distinguished industry experts from the US, Canada, Southeast Asia, Hong Kong, and Japan, Mr. Garvey discussed what it takes for banks to thrive in this digital age while maintaining their human relationships. 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 April 2019
Top 5 - Daily Updated Real Estate News Colliers International’s Residentail Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
HCM City tries to rescue ‘golden land’ plots as disputes continue Vietnam Insider Land plots located in advantageous positions in the central area of HCM City are known as ‘golden land’ because they promise huge profits for investors. In 2007, HCM City authorities released a map of golden land plots, covering an area of 50 hectares, and called on investors to develop large projects there. However, to date, only four HCM City tries to rescue ‘golden land’ plots as disputes continue projects on the land plots have been exploited. 1.32 billion USD logistics centre planned in Ba Ria-Vung Tau VOV A joint venture between the Hanoi Export-Import Company (Geleximco) and International Transportation and Trading Joint Stock Company (ITC) has proposed building a logistics centre and Cai Mep Ha habour in southern Ba Ria-Vung Tau province. According to the proposal, the logistics centre, which is under Cai Mep-Thi Vai port complex, would cover an area of 1,000ha and the habour could cover 105ha. 1.32 billion USD logistics centre planned in Ba Ria-Vung Tau Vingroup to issue $1b private placement Deal Street Asia Vietnam’ biggest listed firm by market value, Vingroup, has announced its plan to conduct private placement to raise $1 billion, local media reported. Vingroup will offer for sale 250 million shares, equivalent 7.8 per cent of outstanding shares, to a maximum of five foreign institutional investors. The proposed offering price is not lower than VND100,000 per share. Ministry asks for report on foreign home ownership Bizhub The Ministry of Construction has asked provinces and cities to report on home ownership by foreigners and Viet kieu (overseas Vietnamese) in Viet Nam. The report would include the number of foreigners owning homes, as well as the locations and types of their properties in two periods – before and after the 2014 Law on Housing took effect. The report will help evaluate the implementation of the policy of allowing foreign organisations, individuals and Viet kieu to own homes in Viet Nam while the Ministry of Construction develops a project on economic security in the housing and real estate market. Sacombank sell two big real estate projects to deal with bad debts Vietnam Investment Review To resolve bad debts, Sacombank has just decided to discount two real estate plots it previously put on sale by nearly VND1.812 trillion ($78.78 million). These are two of the four real estate plots worth VND20 trillion ($869.5 million) that were put on sale by the bank in last September. Sacombank’s decision to reduce prices has been quite a surprise. Specifically, one of the plots is a complex of high-rise buildings and sport area located in Ho Chi Minh City’s Binh Tan district. 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. ©2017. All rights reserved. vietnam.media@colliers.com
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Daily Real Estate News Highlights Vietnam - 16 Apr 2019
Top 5 - Daily Updated Real Estate News 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.
Parkson kicks off renovation project for Parkson Saigon Tourist Plaza Bizhub Parkson Vietnam will renovate its Parkson Saigon Tourist Plaza in HCM City’s District 1 starting this month in an aim to bring a different shopping experience for shoppers. According to the plan, Parkson kicks off renovation construction will start at counters and be implemented floor by floor, project for Parkson Saigon Tourist under schedules corresponding to the designated zones. Plaza Hải Dương eyes $39m garment project Vietnam News Regent Garment Co has received approval in principle from Hai Duong People’s Committee to develop its third garment production factory in the locality, at a cost of US$39 million.Located in Nguyen Giap Industrial Complex in Tan Ky District, the factory has designed Regent Garment Co has received approval in principle from Hai capacity of 28 million products annually, creating 4,900 local jobs, Duong People’s Committee to develop its third garment production online newspaper baodautu.vn reports. South Korea’s Big Bet on Vietnam Doesn’t Add Up Vietnam Insider When one conglomerate has its eye on another, discounts go out the window. South Korea’s chaebols are betting big on Vietnam’s sprawling corporations. They’re even willing to forgo the markdown that typically comes with them. Samsung Electronics Co. is now the largest employer in the Southeast Asian nation. Since joining the World Trade Organization in 2007, a third of the country’s foreign direct investment has come from South Korea. HCM City continues work on flood prevention projects Vietnam News HCM City plans to carry out 218 antiflooding works this year at a cost of nearly VNB8 trillion (US$345 million). Under the city’s flood control programme, this year priority will be given to preventing flooding on a 550sq.m central area and one spot each in the north, west, south, northeast, and southeast, where 6.5 million people live. Protecting surface water, increasing space for water storage and creating a clean and beautiful urban landscape will get more attention to improve quality of life for people and their awareness of environmental protection. Investment to focus on localities outside the big cities Bizhub Investment inflows into the real estate sector are expected to shift from big cities like Ha Noi and HCM City to other localities in the second quarter of the year, attendees heard at a conference held in Thanh Hoa Province on Saturday.“Land segments saw a high number of transactions in the first three months of the year, followed by apartments and industrial property,” said Vo Tri Thanh, former 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. ©2017. All rights reserved. vietnam.media@colliers.com
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Daily Real Estate News Highlights Vietnam - 17 Apr 2019
Top 5 - Daily Updated Real Estate News 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.
Insiders deem co-processing key to climate friendly cement production VOV The cement sector should combine waste-to-energy generation with its production to seek a more eco-friendly carbon dioxide footprint, lower costs, and increasing competitiveness, insiders have Parkson kicks off renovation suggested. A tremendous supply of waste is offering a lucrative project for Parkson Saigon Tourist room for waste-to-energy generation during the cement production Plaza process, Xie Guozhen, head of the Vietnam Representative Office of China’s Nanjing C-HOPE Cement Engineering Group. Hongkong Land unveils The Marq’s Sales Gallery & Show Suites Vietnam Investment Review HCM City will continue to auction 5,034 resettlement apartments and 43 land lots designed for building relocation housing following Regent Garment Co has received approval in principle from Hai earlier unsuccessful attempts, according to the Department of Duong People’s Committee to deConstruction. The auctioning council for land use rights will discuss velop its third garment production factory in the locality the auction plans and submit to the People’s Committee. HCM City seeks to sell thousands of resettlement apartments in District 2 Vietnam Investment Review HCM City will continue to auction 5,034 resettlement apartments and 43 land lots designed for building relocation housing following earlier unsuccessful attempts, according to the Department of Construction. The auctioning council for land use rights will discuss the auction plans and submit to the People’s Committee. This time the council plans to divide the auction into smaller packages to make it less unwieldy for bidders. HCMC will stagnate without new roads, transport minister warns VnExpress HCMC should make haste in building new ring roads and expressways, or it cannot develop further, the transport minister says. At a Friday meeting with the Prime Minister and HCMC leaders, Transport Minister Nguyen Van The said that as 85 percent of the city’s area has been urbanized, it no longer has a driving force for development. Suspended projects need solutions Bizhub The HCM City Real Estate Association (HoREA) on Wednesday urged the city to speed up the inspections of suspended property projects to protect real estate enterprises’ legitimate rights and prevent losses. Speaking at a meeting with city leaders, Le Hoang Chau, chairman of HoREA, asked the city to publicly list 124 of the suspended construction projects that have been allowed to resume progress. The association said the developers of the projects had not been informed about their status and need see public information. 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. ©2017. All rights reserved. vietnam.media@colliers.com
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Daily Real Estate News Highlights Vietnam - 18 April 2019
Top 5 - Daily Updated Real Estate News 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.
Trung Luong- My Thuan expressway to be completed by 2020 Vietnam News The Trung Luong- My Thuan expressway project will resume this month after a five-month delay and is expected to be completed by 2020. Mai Manh Hong, general director of the Trung Luong- My The Trung Luong- My Thuan expressThuan Joint Stock Company, said the delay was caused by a lack of way project will resume this month after a five-month delay and is expected investment and problems in administrative procedures. Low-cost housing projects disappearing The Saigon Times While housing prices are now beyond the reach of medium- and low-income earners, the low-cost housing segment has become smaller to the point of almost disappearing from the property and high-rise buildings are market. Four years ago, thanks to a VND30-trillion home loan Houses seen in downtown HCMC. program launched by the Government, Nguyen Thi Hang, who works in HCMC’s District 3, bought a two-bedroom apartment in the Hung Ngan Garden project in District 12. Increase in oil prices not enough to lift VN markets Vietnnam News Vietnamese shares ended the week on a negative note as strong gains in oil prices were not enough to counter strong selling that weighed heavily on largecap companies. Largecap stocks underperformed yesterday as they were weighed down by poor market sentiment, which came from a lack of supportive information on the market. Among the worst decliners were property developers Vingroup (VIC) and Novaland (NVL), financial firms Eximbank (EIB), VPBank (VPB) and HDBank (HDB), and brewer Sabeco (SAB). Vietcombank, PwC cooperate on digital banking transformation Vietnam Investment Review Vietcombank and PwC Consulting Vietnam have officially kicked off Vietcombank’s Digital Banking Transformation project today in Hanoi. This is considered a pioneering project of its kind among large commercial banks in Vietnam. The Digital Banking Transformation project is one of the major digitisation projects that Vietcombank has been implementing as part of its end-to-end digital transformation strategy. This particular project is expected to help Vietcombank boost the development of digital-based business models, with a view to achieving important business goals and improving customer satisfaction through digitised experience based on data and technology.
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Daily Real Estate News Highlights Vietnam - 19 April 2019
Top 5 - Daily Updated Real Estate News 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.
SaigonTel to bolster investment in property sector The Saigon Times Saigon Telecommunication and Technologies Corporation (SaigonTel), a HCMC-based telecom service provider, has announced that it will boost investment in the real estate sector, including in an upcoming luxury residential project in HCMC’s District 4. The firm announced its business and investment plans for this year at an annual general meeting to review its performance in fiscal 2018 held on April 11 in HCMC. Alleviate financial pressure for home-buyers Bao Dau Tu Bat Dong San The ZEN Residence – a green apartment project of the future located within Gamuda Gardens township – will provide home-buyers with a preferential financial support package, offering customers an opportunity to own an apartment for settlement first, before worry about paying debts.
An artist’s impression of a SaigonTel property project on Nguyen Tat Thanh Street in HCMC’s District 4
The ZEN Residence – a green apartment project of the future located within Gamuda Gardens
Diamond Brilliant a Grade A condo segment leader Bizhub The Grade A condominium segment in HCM City is heating up with the debut of Diamond Brilliant new block which boasts stunning views. It has created irresistible demand among strategic investors and elite customers. The condominium, with three high-end condo blocks strategically located in the shape of an S, creates more space for ideal landscape design and amenity development as well as brings more privacy into the apartment. Central province’s Q1 investment surpasses yearly target Bizhub The central province of Thua Thien Hue granted approval in principle for seven projects with a total investment capital of more than VND13 trillion (US$558 million) in the first quarter of this year. The period’s investment result far exceeded the yearly target of VND10 trillion ($430 million) set earlier by the provincial People’s Committee, a report from the province’s Department of Planning and Investment revealed. HCMC approves infrastructure development in part of Thu Thiem The Saigon Times The HCMC government has given in-principle approval for HCMC-based Dai Quang Minh Real Estate Investment Corporation, a local property developer, to build technical infrastructure on three plots of land in the Thu Thiem New Urban Area in District 2. The three plots of land are located in a future 38.4-hectare resettlement area in Binh Khanh Ward, District 2. The company will use its own funds without requiring assistance from the local government. 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 - 22 April 2019
Top 5 - Daily Updated Real Estate News Colliers International’s Residentail Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
La Luna Holdings and its strategy for speeding up in 2019 Vietnam Investment Review Swisstouches La Luna Resort in Nha Trang is the first project imprinting the impressive flagship development of Marina Hotel. JSC – a member of La Luna Holdings Group as the role of tourism real estate developer. In the first launching days, we were delighted with the roughly take-up rate 60% of the total condo source of the Swisstouches La Luna Resort is the only project in Vietnam offering Luxury tower being successfully traded. scholarships to the children of secNam Long tops out Flora Mizuki Phase One ondary investors based on human The Saigon Times values. In April 2019, the apartment project Flora Mizuki – Phase One, which is part of the Mizuki Nguyen Son township (covering 37 hectares in Binh Chanh District) backed by Nam Long Group (NLG) and other two Japan-based investors, was officially topped out. Introduced in December 2017, Flora Mizuki has recorded 1,400 Phase One apartments successfully sold after a short time, contributing a revenue of VND2,500 billion. Flora Mizuki – Phase One consists of five 20-story blocks, and Domestic property market stable in Q1 is expected to hand over products Bizhub starting late 2019 The domestic property market showed stable development in the first quarter of this year with the emergence of potential new property trading regions. So said experts at a press conference on the first-quarter performance of Viet Nam’s property market held by the Viet Nam Association of Realtors (VARS) in Ha Noi on Tuesday. Many positive signs on Vietnam’s economic growth 2019 Vietnam Insider According to a report by Nikkei, business psychology was still very optimistic when Vietnam’s PMI in those first months of this year had continued to maintain above 50 points. Manufacturers have been believing that production would increase in the future and expect market demand to improve, new orders to increase. In the first quarter of 2019, the General Statistics Office also investigated the business trend of enterprises in processing and manufacturing industries. The survey results showed that almost businesses assessed their production and business situation would be stable in 2019. Banks race to issue deposit certificates Doanh Nhan Sai Gon Cuoi Tuan In recent time, aside from increasing deposit rates for 18/24/36-month terms, many banks have also announced to issue certificates of deposit with attractive rates. For example, BIDV recently issues certificates of deposit for 18/24/36-month terms at minimum account value of VND10 million for individual customers, and of VND50 million for organizational customers. Deposit rates are 7.6pct/ year for fixed rate, and 7.5pct/year for floating rate. 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. ©2017. All rights reserved. vietnam.media@colliers.com
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Daily Real Estate News Highlights Vietnam - 23 April 2019
Top 5 - Daily Updated Real Estate News 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.
Gamuda City is the pioneer in cover living space in green in South Hanoi VnExpress With the target to become the top eco-township maker, Gamuda Land – a subsidiary of Malaysia-based Gamuda Berhad, spent billions of US dollars to develop the Gamuda City project in South With the target to become the top Hanoi. Desire to change South Hanoi completely from an empty land eco-township maker, Gamuda into a liveable one, and improve quality of life in the area, for over 10 Land – a subsidiary of Malayyears, Gamuda Land has contributed greatly to the area’s increased property values. Officially launch the sale of Can Tho`s top riverside villa project The Eco Villas Kinh Te Thi Truong On April 20, the investor Cuu Long Real Estate will officially launch the sale of The Eco Villas – the top riverside villa project in Can Tho These rich households will help create an independent segment City. According to Savills’ report, emerging high-class in Vietnam is with very strong buying power for villas growing rapidly. The number of high-income households in Vietnam DaLat speciality products to be given ‘identity cards’ Bizhub Each specialty product from Da Lat City and Lam Dong Province will be given a unique identification number to help consumers distinguish between them quickly and accurately. The People’s Committee of Lam Dong Province has just approved the project, which is designed to build a database to manage and track the origins of Da Lat specialty products. It will help consumers access information about manufacturers while aiding food safety efforts, protecting consumers’ health, increasing competitiveness for local specialties and preventing the sale of fraudulent products. Development of digital economy requires national strategy for network security Vietnam News Viet Nam’s digital economy has progressed rapidly in recent years, but challenges in network security require the country to build a comprehensive national strategy to address network vulnerabilities. Viet Nam’s internet economy reached US$9 billion in 2018, making up 4 per cent of Việt Nam’s gross domestic product (GDP) and tripling that of 2015, and was heading to $33 billion by 2025, according to the e-Conomy SEA 2018 released by Temasek (Google). Housing developers target hospitality segment Vietnam Investment Review Many giant housing real-estate developers in HCM City are flocking to the hospitality segment by developing or distributing new projects in tourism areas. Kien A Corporation, a real-estate developer with over 25 years of operation, is developing Le Meridien Cam Ranh Bay Resort and Spa.The company told Viet Nam News that its project would be completed by the end of this year. 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. ©2017. All rights reserved. vietnam.media@colliers.com
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Daily Real Estate News Highlights Vietnam - 24 April 2019
Top 5 - Daily Updated Real Estate News 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.
Vietnam IT industry is more than just outsourcing VnEpress Vietnam is known as an outsourcing software destination but local IT businesses are expanding into other technology such as AI and fintech. The country for years as a selected by multinational companies such as Intel, IBM, Samsung Display, Nokia and Microsoft for their software projects. Last year, the country exported $3.5 Vietnam is known as an outsourcing software destination but local billion worth of software, up 11.6 percent from 2017, according to IT businesses are expanding into the Ministry of Information and Communications. HCMC developers seek greener pastures Vietnam Investment Review Many property developers in HCM City are moving to neighbouring provinces and cities and even as far away as the central region as city authorities are issuing fewer licences and legal procedures elsewhere are simpler. Many have begun developing in provinces like Many property developers in HCM Long An, Binh Duong, Dong Nai, Ba Ria-Vung Tau and Binh Phuoc. City are moving to neighbouring provinces The chairman of a company based in District 5 said he would focus on six projects this year, 85 per cent of them far from the city. Investors remain wary amid tight liquidity: experts The Saigon Times Investors are seen keeping a cautious approach this week, due to low liquidity and the upcoming long holidays, according to analysts. Vu Minh Duc, head of the research and analysis department at Viet Capital Securities (VCSC), told Dau Tu Chung Khoan newspaper that the liquidity of the local market is still in decline. He forecast that the VN-Index of the Hochiminh Stock Exchange would decrease at the strong resistance level of 950 points. Autism awareness campaign launched Vietnam News Saigonchildren and CapitaLand Vietnam on Wednesday announced The Steps Challenge 2019, a community event aiming to bring appropriate care and special education to children with autism in Vietnam. Scheduled for May 25 at Vista Verde in District 2, HCMC, this is a free event designed for the community with activities suitable for many different participants. The campaign is expected to open the door to a better understanding of autism and enable children with autism to become better integrated with society, bringing hope and opportunity into the lives of hundreds of thousands of children and their loved ones.
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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. Š2017. All rights reserved. vietnam.media@colliers.com
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Daily Real Estate News Highlights Vietnam - 25 April 2019
Top 5 - Daily Updated Real Estate News 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.
Hongkong Land’s latest luxury project is located in Ho Chi Minh city Vietnam Investment Review Among the most reputable developers in Vietnam’s luxury residential market, Hongkong Land has just introduced its second condominium project in Ho Chi Minh City – The Marq. Since the market has long been waiting for a project that is a combination of a prestigious location, luxurious interior provision and built by a renowned regional developer, The Marq has immediately attracted attention from potential buyers as well as sales agents. Central bank asks for tightened control over real estate loans Bizhub The State Bank of Viet Nam (SBV) has asked for the control over real estate loans by credit institutions to be enhanced, especially in areas showing signs of land price fever. SBV’s Governor Le Minh Hung in a recent document about lending operations in 2019 asked
Among the most reputable developers in Vietnam’s luxury residential market, Hongkong Land
The State Bank of Viet Nam (SBV) has asked for the control over real estate loans by credit institutions to be enhanced, especially in areas showing signs of land price fever.
ISmart investment to own apartments in closed eco-townships Dau Tu Online Among recently-launched high-end apartment projects, The Zen Residence within Gamuda Gardens township is attracting attention from home-buyers thanks to having exemplary apartments, civilized living environment, perfect greenery, full range of utilities and reasonable prices. Thanks to its prime location, the apartment complex The Zen Residence is planned based on the area’s natural landscape to develop parks, lakes and residential areas. Tight foreign currency credit aimed for anti-dollarization VOV Anti-dollarization is urgently needed to protect the value of the nation’s currency and to minimize the adverse impacts that dollarization could place on the economy, experts have said. The State Bank of Vietnam (SBV) prescribed in a circular that firms are not allowed to borrow short-term loans in foreign currency to make offshore payments for imports which are used for domestic business and production. Firms are required to shift from borrowing to purchasing foreign currencies for offshore payments or to borrow loans in VND. With the lack of transparency in real estate market, buyers are easy to get trapped Doanh Nghiep Hoi Nhap Online “With the lack of transparency in real estate market, buyers are easy to get trapped” is the noticeable opinion from Dr Le Dang Doanh, former Head of CIEM – at a workshop with theme “Recognize property brokers” held in Danang. 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. ©2017. All rights reserved. vietnam.media@colliers.com
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Daily Real Estate News Highlights Vietnam - 26 April 2019
Top 5 - Daily Updated Real Estate News 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.
Best Western signs MOU for Quang Nam resort opportunity Vietnam Investment Review Best Western Hotels and Resorts, one of the largest hotel groups in the world, signed a memorandum of understanding with Vindeb JSC regarding the branding and management of a mixed midscale and upscale condotel project in Ha My beach, Quang Nam province. Condotel Ha My Beach will comprise of a four- and a five-star hotel Best Western Hotels & Resorts with the combined area of 4,000 square meters and 500 apartments, signs an MOU over a condotel prowithin Ha My Beach at Dien Duong ward, Dien Ban town. ject at Ha My Beach in Quang Nam Dong Nai seeks investors for 12 infrastructure projects Bizhub The People’s Committee of the southern province of Dong Nai has announced a list of 12 infrastructure projects, calling for investment worth more than US$1.2 billion in total. Both domestic and foreign investors are invited to invest.Six of the 12 projects are in the transport sector, with the biggest being a 15km road in Nhon Trach An elevated road in Dong Nai District worth $235 million. Province. Dong Nai has anQuoc seeks to become Vietnam’s first island city nounced a list of 12 infrastructure projects Vietnam Insider Mr. Pham Vu Hong, Chairman of the Kien Giang Provincial People’s Committee, has signed a petition that was then sent to the government on establishing Phu Quoc city on the basis of the existing Phu Quoc Island district, with one island and 21 other islets. If approved, Phu Quoc would become the first island city in Vietnam. Phu Quoc Island district has an area of 589,275 sq km, or roughly the same size as Singapore. Overall approach needed for industrial real estate development VOV As opposed to pursuing a fragmented scheme, industrial real estate development must be based on an overall approach that links industrial parks and urban areas for the sake of green production, experts have noted. Statistics released from the Ministry of Planning and Investment (MPI) show that the country had established a total of 326 industrial parks (IPs) by the end of 2018, covering roughly 93,000 ha. Tycoon Duc’s HAGL plans to divest from Hoang Anh Myanmar Bao Hom Nay After Truong Hai Automobile Joint Stock Company (Thaco) continued its investment in the second phase of Hoang Anh Myanmar Center project through its subsidiary, Dai Quang Minh Real Estate Investment Joint Stock Company, which owns 51% capital of Hoang Anh Housing Construction and Development Joint Stock Company, tycoon Doan Nguyen Duc plans to divest from this project to repay debts and solve HAGL’s liquidity needs. 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 - 29 April 2019
Top 5 - Daily Updated Real Estate News Colliers International’s Residentail Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Vingroup Ventures targets global investments with $100m corpus: Report Deal Street Asia Vingroup Ventures, the venture capital arm of Vietnamese conglomerate Vingroup, is investing out of a $100-million fund and has identified three startups for its initial bets, its CEO Thai Van Linh Vingroup Ventures, the venture told Forbes. The real estate major launched Vingroup Ventures in capital arm of Vietnamese conDecember 2018 and owns a 70 per cent stake in it. The other 30 per glomerate Vingroup, is investing out cent is held by individuals, including its CEO. of a $100-million fund Sector enhances ties with foreign partners to boost green growth VOV Vietnam’s construction sector is enhancing cooperation with international partners to help promote green growth. In its action plan on green growth, the construction sector aims that half of bigand medium-sized cities in Vietnam meet green city standards by 2030. This plan is part of efforts to realise the national green growth strategy. Vietnam’s construction sector is enhancing cooperation with interRaito Kogyo to participate in the metro line 2 national partners to help promote Nhip Cau Dau Tu green growth. Fecon and Raito Kogyo (Japan) recently signed a strategic partnership agreement. Accordingly, the latter – one of Japan’s top underground building construction corporations – will buy all convertible shares from the first, which are owned by Development Bank of Japan, in order to increase capital contribution ratio to 19pct at Fecon. Furthermore, since 2019, Fecon has signed many major contracts worth more than VND1,200 billion in total at important projects, such as Yen Xa Wastewater Treatment Plant, Long Son Oil Refinery Complex, Jotun Binh Duong Plant, Lo Te – Rach Soi expressway, etc. Mesmerised by a resort right in central Hanoi Tien Phong A few years ago, Hanoinese home-buyers preferred modern, convenient high-rise apartments. Nowadays, they follow the trend of selecting green, smart apartment projects with sufficient utilities. Being one of very few projects that meet such demands, The ZEN Residence is developed with modern technologies, and sufficient facilities, conveniences to serve residents, ensuring a resort-like lifestyle within a green utopia amidst Hanoi. Cenland: minus cash flow, is it a bad indicator? Dau tu Chung Khoan According to the cash flow report within the consolidated financial report issued by Cenland, in 2018, pre-tax cash flow from Cenland’s business activities is negative VND366 billion. In its consolidated financial report, Cenland in late 2018 has receivables from customers worth VND683 billion, increasing sharply compared to VND367 billion in the same period of previous year. For market research reports, please visit our website at www.colliers.com
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