Daily Real Estate News Highlights

Vietnam - 03 April 2023

Top Daily Updated Real Estate News

Colliers Vietnam'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 businesses 'buying' time to restructure

www.thesaigontimes.vn

After negotiating with bondholders successfully, many companies are pushing restructure processes to resolve financial problems. Mr. David Jackson - CEO, Colliers (Vietnam) shared that M&A will play as a 'lifesaver' to rescue domestic businesses and a new momentum for recovery.

Khanh Hoa okays $1.3 bln private investments

www.theinvestor.vn

South-central Vietnam's Khanh Hoa province granted investment certificates or in-principle approval to eight big projects worth VND31.2 trillion ($1.33 billion) on Sunday. Among the most notable projects is the Cam Ranh Bay urban area project with total registered capital of VND85.2 trillion ($3.63 billion).

Officially approved the plan of 1 million units of social housing

www.plo.vn

Deputy Prime Minister signed a plan of one million social housing for low-income people which aims to complete by 2030. The short-term goal is to provide 428,000 units by 2025 with a total investment of about VND849,000 billion, mainly by private capital.

Vietnam says to sign free trade pact with Israel this year

www.reuters.com

Vietnam and Israel will sign a free trade agreement later this year, after completing seven years of negotiation, the Southeast Asian country's government said on Monday.

Vietnam - 04 April 2023

Top Daily Updated Real Estate News

Colliers Vietnam'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.

Industrial real estate shine with prospects

www.nld.com.vn

The Vietnam industrial market is currently driven by demand. Mr. Vu Minh Chi, Senior Manager, Industrial Services, Colliers (Vietnam) said that one of the reasons is due to the supply has not yet met requirements of investors regarding the quality & services.

Condotel and Officetel to be issused pink book

www.thanhnien.vn

Decree 10, amending the guiding decrees for the Land Law, will be effective from May 20. Accordingly, the condotel, officetel if built on commercial-service land, will be recognized home ownership right with a term of 50 years.

Posco E&C and Filmore Development collaborate on real estate development

www.dantri.com.vn

Posco will works with Filmore for its high-end real estate projects in HCMC and further smart urban projects as well as other potential areas in the Vietnam market.

Bad debt of real estate bonds reached more than 20%

www.baodautu.vn

Among 69 bond issuers that are unable to meet their debt obligations, there are 43 real estate companies (62.3%) with the total value of corporate bonds being delayed at VND78,900 billion, accounting for 83.6% of the total late corporate bond value.