Monthly Real Estate News | April 2020 by Vietnam Realty

COLLIERS INTERNATIONAL

VIETNAM MONTHLY REAL ESTATE NEWS - April 2020 -

COLLIERS INTERNATIONAL &CONTACT

ABOUT COLLIERS INTERNATIONAL Colliers International is a leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence and a shared sense of initiative, we integrate the resources of real estate specialists worldwide to accelerate the success of our partners. We connect through a shared set of values that shape a collaborative environment throughout our organization that is unsurpassed in the industry. With more than 100 professionals in 3 offices in Vietnam, the team is market driven and has proven and successful track record with both international and localexperience. From Hanoi, Danang to Ho Chi Minh City, we provide a full range of real estate services The foundation of our services is the strength and depth of our experience.

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OFFICE

COLLIERS INTERNATIONAL|VIETNAM

HO CHI MINH CITY HO CHI MINHCITY Deutsches Haus, 3rd floor 33 Le Duan Blvd, Ben NgheHaus, Ward, Deutsches 3rd Floor District 1, HCMC, Vietnam 33 Le Duan Boulevard,

CAMBODIA CAMBODIA 93 SI Building, Preah Sihanouk, Sangkat Chaktomok, Khan Doun Penh, Gelex Tower, 9th Floor 93 SI Building Phnom Penh, Cambodia 52 Le Dai Hanh, Preah Sihanouk HA NOI

Ben Nghe Ward, District 1

Hai Ba TrungDistrict

Sangkat Chaktomok

HCMC, Vietnam

Hanoi, Vietnam

Khan Doun Penh

Tel: + 84 243 265 6969

Phnom Penh, Cambodia

HANOI Tel: + 84 28 38275665 Toong IPH, 2nd floor 241 Xuan Thuy, Cau Giay District, Hanoi

KONGSBERG FACILITY Dong Xuyen IP, Ba Ria-Vung Tau Province

Summary Information • Land Area: 45,795.6 sq. m • Land Tenure: annual payment expiring on 09 Sep 2046 (27 years remaining) • Legal Status: › Land Lease Contract signed directly with the park developer › LURC and Investment License has been issued • Land Rental: Annual fee of US$1.76/sq. m/year (Approx. US$80,537 per year) • Sale Structure: Share transfer of the onshore holding company

INVESTMENT

HIGHLIGHTS

• International private owner with local entity • Clean and clear company and ready for acquisition • Completed infrastructure • Reasonable price • In short supply from the industrial park developer

MAI CHI THO STREET

THU THIEM TU N N EL

PHU MY BRID G E

BIEN HOA HO CHI MINH – LONG THANH – DAU GIAY HIGH WAY

N H51

HCMC

TOLL STATION

N H51

• Building: 12500 sq. m: Cutting, rolling & steel storage: 1850 sq. m with 2 overhead cranes; Maximum lifting capacity 40 ton › Welding: 3000 sq. m with 3 overhead cranes and 6 wall travelling cranes; Maximum lifting capacity 100 ton › Assembly & Testing: 4500 sq. m with 3 overhead cranes and 6 wall travelling cranes; Maximum lifting capacity 100 ton › Machining: 250 sq. m with one overhead crane; Lifting capacity 15 ton › Machining area: 250 sq. m with one overhead crane; Lifting capacity 15 ton › Certified by ISO 9001 / ISO 14000 / OHSAS 18000 › Storage & kitting: 1600 sq. m › Offices 1st. floor: 1200 sq. m › Canteen, kitchen, reception & wardrobes: 1300 sq. m.

BELT ROA D 2

Site Plan

1hr30 Drive

N G U YEN THI D IN H STREET.

VUNG TAU

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

Terence Alford Director | Capital Market 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

Accelerating success.

Daily Real Estate News Highlights Vietnam - 01 April 2020

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 economy resilient to global COVID-19 crisis: World Bank

The Voice Of Vietnam While Vietnam is significantly exposed to the COVID-19 outbreak and the ongoing turbulence in the global financial markets, its economy remains resilient to external shocks in the first few months of 2020, the World Bank has said.

The Vietnamese economy is resilient to external shocks caused by Ascendas Reit acquires 25 per cent stake in Galaxis for the COVID-19, the World Bank says

$72.29 million

Vietnam Investment Review Ascendas Funds Management Limited, which manages Ascendas Real Estate Investment Trust (Ascendas Reit), on March 31, 2020 announced that Ascendas Reit has acquired a 25 per cent equity stake in the holding entity for Galaxis for SGD102.91 million ($72.29 million) from MBK Real Galaxis is a premium business park Estate Asia Pte., Ltd., a wholly-owned subsidiary of Mitsui & Co., Ltd.

Sunshine Group introduces super-luxury condominium project overlooking Saigon River Vietnam Investment Review

property situated at the heart of Fusionopolis, one-north, Singapore’s hub for ICT, media, physical sciences, and engineering R&D

Sunshine Venicia, a super-luxury condo project in District 2 of Sunshine Group will be rolled out to the market in April. As the group’s most premier development in Ho Chi Minh City, Sunshine Venicia features a complimentary design that gives 100 per cent of the apartments 6 to 12 light-receiving surfaces. Part of Binh An deluxe village, Sunshine Venicia is contiguous to Thu Thiem New City which is famous for its upscale villa complexes and is an ideal location for the development of high-end real estate in Ho Chi Minh City. Business establishment surges in Q1 despite COVID-19 Bizhub Up to 29,700 new firms were established in Viet Nam in the first quarter of this year with total registered capital of more than VND351 trillion (US$15 billion), up 4.4 per cent in the number of enterprises but down 6.4 per cent in capital compared to the same period last year. Average registered capital per newly-established enterprise reached VND11.8 billion during the period, down 10.4 per cent year-on-year, according to the General Statistics Office (GSO).

Strong demand spurs VN-Index

The Saigon Times The local stock market made a slight recovery yesterday, March 31, as the VN-Index closed up 0.04%, buoyed by strong demand. Though an order on social distancing nationwide for 15 days issued earlier today put investors’ nerves on edge in early afternoon phase, they quickly restored calm, helping the VN-Index rise at the close. The benchmark index ended at 662.53 points, up 0.27 points against the day earlier, with 152 gainers and 214 losers. There were over 262 million shares worth VND3.8 trillion changing hands, up 13% in volume and 10% in value from the session earlier.

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Daily Real Estate News Highlights Vietnam - 06 April 2020

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 to merge eastern three districts to create innovation city

Vietnam News HCM City wants to merge three districts, 2, 9 and Thu Duc, and carve out a creative city as part of efforts to foster the development of its eastern part. Nguyen Thanh Phong, chairman of the city People’s Committee, said A view of HCM City. HCM City plans the establishment of the eastern city is based on the idea of building a to merge three districts, 2, 9 and hi-tech and smart urban development zone. Thu Duc, to form a creative hub in

Can Tho speeds up work on massive urban project

Vitenam News The southern city of Can Tho is determined to accelerate work on the urban development and resilience project (project No.3). The total investment is VNĐ7.8 trillion (US$332 million) including VNĐ5.6 trillion (US$238 million) from official development assistance (ODA), VNĐ227 billion ($9.6 million) from the State Secretariat for Economic Affairs (SECO) and VNĐ1.9 trillion ($80.9 million) from reciprocal capital.

Vietnam’s Ho Chi Minh city attracts US$1 billion in FDI

its east

Quang Trung Bridge, one of a key project of Project No.3. Can Tho City authorities have directed related units to speed up work on project No.3

Vietnam Insider Of the amount, US$142.5 million belonged to 290 new foreign direct investment (FDI) projects, down 50.7% and up 14.2%, respectively. Besides this, some 46 projects FDI are adjusting their investment capital with an additional US$80.8 million, up 30.9%. The HCMC government has also approved capital contributions and share purchases for 1,342 cases with combined capital of US$829.3 million. The Saigon Times, a local media reports. The retail and wholesale sector attracted the largest FDI injection in the first quarter, with 132 projects registering US$91.2 million (accounting for over 60% of new investments).

Solutions for Vietnam to maintain its economic growth

The Voice Of Vietnam Despite enjoying a large degree of economic openness, the Vietnamese economy is facing a range of challenges in the upcoming quarters and has been negatively influenced by many aspects of the turbulent global economy, according to Nguyen Bich Lam, director of the General Statistics Office (GSO). A report released by the GSO indicates that the year’s first quarter saw the economy’s growth slow in three sectors: agriculture-forestry-fishery, service, along with industrial and construction. Lam says that during the reviewed period only a limited number of service industries were able to successfully maintain stable growth rates, including banking and finance, insurance, information communication, health care, and social assistance activities.

SoftBank Group’s stock plunge attracts another activist investor

Vietnam News Another activist investor has bought a stake in SoftBank Group Corp., betting the recent stock plunge makes it a bargain that’s too good to ignore. Asset Value Investors Ltd., a U.K. money manager known for its activist campaigns at smaller Japanese firms, has invested about 5 billion yen ($46.6 million) in Masayoshi Son’s company, Chief Executive Officer Joe Bauernfreund said. That comes after Elliott Management Corp. took a large position and called on SoftBank to buy back shares. colliers.com/en-vn

Daily Real Estate News Highlights Vietnam - 07 April 2020

HCMC to revive pending real estate projects

Sai Gon Giai Phong - Dau Tu Tai Chinh After a recent meeting held between Ho Chi Minh City leaders and real estate business owners, a number of pending housing investment projects are set to revive. Concerned authorities will look into the various difficulties facing these projects and reasons for delay before gradually The HCMC People’s Committee has resolving all issues so as to enable completion of the construction work just revived the project at 628-630 that has been on hold for several years. Vo Van Kiet

Allow to build 25-square-meter apartment: Should keep 10-15% ratio

Dau Tu Bat Dong San Online It is necessary to allow the construction of apartments of not less than 25 m2, meeting the housing needs of many people, but according to experts, we need to specify the ratio of this apartment type and carefully address related issues such as apartment management and urban management. Whether a small apartment is good

Foreign banks may return to Vietnam soon

or bad depends on the investor’s investment, the capacity of the design consultant, the construction quality, the project management, etc.

Vietnam Insider Vietcombank’s completion of the sale of shares to foreign investors in early 2019 and BIDV’s action in late 2019 are expected to help attract foreign banks to Vietnam. OCB has spoken with shareholders about the private offering to a foreign investor – Aozora Bank from Japan – which would increase the bank’s charter capital. As of December 9, 2019, reports showed that Aozora Bank registered to buy nearly 87 million OCB shares out of total 118 million shares the bank could offer, which accounted for 11 percent of the current charter capital, and 9.91 percent of capital after the offering.

National Assembly plans to ratify EU trade deal at next meeting

Bizhub The European Union (EU) – Viet Nam Free Trade Agreement (EVFTA) will be submitted to the National Assembly (NA) for discussion and ratification at the NA’s next meeting expected to open on May 20, and preparations are well underway. The NA Standing Committee this week urged relevant agencies to complete the document for the approval of EVFTA for discussion at the NA Standing Committee’s 44th meeting scheduled for mid-April before it is submitted to the NA.

Vietnam’s economic growth will recover to 6.8% by 2021

Reatimes Asian Development Bank assesses that Vietnam’s economy still maintains great growth in 2019 based on the high demand, stable manufacturing industry, and strong FDI. However, according to ADB, the growth rate is forecasted to decrease significantly in 2020 due to Covid-19 impact. In Vietnam, the disease has strongly affected both supply and demand in almost every economic sector. In Q1/2020, growth decreases to 3.8% compared to 6.8% in the same period of 2019. Therefore, ADB is concerned that the 3.4% GDP budget target in 2020 is hard to achieve. The budget deficit is forecasted to increase to 4.2% GDP by 2020 before 3.5% GDP by 2021.

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Daily Real Estate News Highlights Vietnam - 08 April 2020

Lilama sets up 4-season eco-resort area in Thanh Hoa

Nha Dau Tu The People’s Committee of Thanh Hoa province on March 31, 2020 has Decision No. 1128 / QD-UBND approving the detailed planning of 1/500 high-class four-season eco-tourism resort in Ninh Hai commune, Tinh Gia district of Lilama 18 Ecotourism Investment JSC. According to Sea tourism and resort ecology are the approval, the area for researching and planning this 45.7ha project, being identified as one of the key including 2 lots, is located in the administrative boundary of Ninh Hai economic sectors by Thanh Hoa commune, Tinh Gia district.

Bright spots emerge despite slowdown in economic growth The Voice Of Vietnam In spite of Vietnam’s GDP growth during the first quarter of 2020 hitting its lowest figure since 2011 with 3.82%, a number of experts have come to the conclusion that this growth can still be considered strong when taken in comparison with other economies from across the region.

Bright spots emerge despite slowdown in economic growth

VN-Index witnesses largest one-day gain in 19 years

Vietnam News The Vietnamese benchmark VN-Index recorded its largest daily gain in 19 years on Monday, following last week’s late gains thanks to upbeat global mood on the slowdown in COVID-19-related deaths and new cases. The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) jumped 4.98 per cent to end Monday trade at 736.75 points, its largest one-day percentage gain in nineteen years. The last time the VN-Index experienced a rise of more than 5 per cent was on August 10, 2001, when the index increased by 5.5 per cent.

Vietnam’s banks offer higher rates for online savings

Vietnam Insider To encourage customers to deposit money online amid the COVID-19 pandemic, many banks have raised interest rates for online savings by up to 1.4 per cent higher than over-the-counter deposits. Short-term interest rates (below six months) are prevalent at 4.3-4.75 per cent per year at most banks and do not differ much from over-the-counter deposits due to the rate cap set by the State Bank of Vietnam. However, a few banks have listed lower rates for traditional deposits and offer higher online rates such as Techcombank (up 0.45 percentage points), SeABank (up 0.4 percentage points), ACB (up 0.25 percentage points) and BIDV (up 0.2 percentage points).

Vietravel Airlines project given go-ahead

Vietnam Plus Deputy Prime Minister Trinh Dinh Dung recently signed Decision No. 457/QD-TTg approving the Vietravel Airlines project of Vietravel - one of the country’s largest tour operators. With investment of 700 billion VND (30.4 million USD), the project aims to provide domestic and overseas air transport services and contribute to improving the capacity of Vietnam’s air transport and tourism as well as socio-economic development amid global integration. It will be put into operation at Phu Bai International Airport in the central province of Thua Thien Hue and have a lifespan of 50 years

colliers.com/en-vn

FOR SALE: TROPHY INCOME PRODUCING OFFICE BUILDING No.5 Dien Bien Phu Street, Cua Nam Ward, Ba Dinh District, Ha Noi City Investment highlights • 90% let revisionary office investment; • AAA Covenants include VP Bank; • Very close proximity to Doji Tower and Hoan Kiem Lake, in the heart of the CBD; • Ownership Certificate, Construction Plan and Construction Permit available; • Land area: 1,241.2 sqm; • Total lettable area: 6,723 sqm over ten floors and two basements; • Basement Parking: 1.087 sqm

Details of Building Floors

1 2 3 4 5 6 7 8 9 10 Sum

Common use area (Area Construction area Area of use of elevators, corridors, (sqm) (sqm) stairs, toilets) (sqm) 780 850 850 850 850 850 850 850 850 850 8.430

246 213 156 156 156 156 156 156 156 156 1.707

534 637 694 694 694 694 694 694 694 694 6.723

Basement 2

900

429,3

471

Basement 1

900

283,9

616

1.800 10.230

713

1.087 7.810

Sum TOTAL

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

Gavin M. Gross MRICS

COLLIERS INTERNATIONAL

Director | Hanoi Office Main: +84 8 3827 5665 MB: +84 964 490 245 Email: Gavin.gross@colliers.com

Level 2, Indochina Plaza Hanoi 241 Xuan Thuy street, Cau Giay District Hanoi | Vietnam www.colliers.com/vietnam

Accelerating success.

Daily Real Estate News Highlights Vietnam - 09 April 2020

HCMC properties market welcome new supply

Thoi Bao Kinh Doanh Three projects with more than 3,000 products will be sold in the future, plus new projects will be introduced to the market in the second quarter, signaling that the Ho Chi Minh City real estate market is getting vibrant again.

Ninh Thuan vows to facilitate renewable energy projects

HCMC properties market welcome new supply

Solutions should prioritize maintaining industrial production: ministry

An operational solar power plant in Ninh Thuan Province’s Ninh Son Distric

Vietnam Investment Review The south central province of Ninh Thuan will help investors speed up the implementation of renewable energy projects, with the goal of having 2,000MW of solar power and more than 60MW of wind power connected to the grid by the end of this year, chairman of the provincial People’s Committee Luu Xuan Vinh said.

Vietnam News The Ministry of Industry and Trade said that the most important priority at present was to maintain the operation of domestic industrial enterprises during the novel coronavirus (COVID-19) pandemic. The pandemic has caused a lot of difficulties for enterprises in Viet Nam, especially industrial enterprises. If an enterprise is closed due the pandemic, its workers lose their jobs and it has negative impacts on other businesses in the supply chain. According to the ministry, many key industrial sectors had suffered greatly from the COVID-19 pandemic, especially electronics, textiles, leather, footwear and furniture.

Realty firms try their best to cope with COVID-19

Bizhub Cutting costs and restructuring products are what many real estate firms are doing to deal with difficulties caused by COVID-19. According to the Vietnam Association of Realtors (VAR), the pandemic has caused many difficulties for the property market. Its preliminary statistics show that since the beginning of 2020, there have been no projects launched and over 50 per cent of the 1,000 real estate trading floors nationwide have shut down. VAR representative said: “Many realty firms have developed technology to change sales methods to attract customers during the social distancing period.” Instead of meeting customers directly, they have launched sales through online platforms or apps.

Bank credit growth recovers partly in March

The Voice Of Vietnam Despite being slow, credit growth of the banking system in March recovered compared with the first two months of this year. The State Bank of Vietnam (SBV) reported credit growth in the first quarter of this year reached 1.1%, slowing significantly against the 2.28% rate in the same period last year, due to adverse impacts of the COVID-19 epidemic. However, the credit growth last month rebounded compared with the first two months of this year, when it was only 0.06%, the lowest level in the past six years. Nguyen Quoc Hung, director of the SBV’s Credit Department, said compared with the first two months of the year, the economy now has better access to credit.

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Daily Real Estate News Highlights Vietnam - 10 April 2020

First electronic component project to be built at Da Nang IT Park

Vietnam News The Da Nang’s Information Technology Park JSC (DITP) company and Meritronics AMT Inc have been speeding up preparation for commencing construction of a surface-mount technology (SMT) factory at Da Nang IT Park, which would export printed circuit boards and electronic components in the second quarter this year.

First electronic component project to be built at Da Nang IT Park

COVID-19 pandemic brings crisis and opportunity: experts

Vietnam News The global COVID-19 pandemic is damaging economies the world over, but it could also be an opportunity for Vietnamese agricultural businesses. Viet Nam News collated some comments from experts and businesses at an online conference entitled Action Programme and Solutions in COVID-19 Pandemic, held by Vietnam Association of Digital Agriculture (VIDA) recently, with the participation of nearly 200 enterprises.

COVID-19 pandemic brings crisis and opportunity: experts

Crunch time for expressway PPPs

Vietnam Investment Review The key Eastern Cluster of the North-South Expressway venture has run aground, prompting the Ministry of Transport to reconsider investment scenarios to improve the bankability of each component project – with new alternatives opening and closing the doors for private investment. The Ministry of Finance (MoF) has raised concerns over the limited state funding for the development of the vital national transport project after the proposal of the Ministry of Transport (MoT) to transform three of the eight public-private partnership (PPP) sections into public investment projects.

JERDE introduces newly projects in Southeast Asia and beyond

Vietnam Investment Review JERDE, the iconic and internationally renowned architecture and urban planning firm, is expanding new projects in Southeast Asia, Japan, and Turkey. Since officially beginning operations in Southeast Asia over the summer, JERDE continues to build new partnerships and developments in Singapore, Vietnam, Malaysia, Indonesia, the Philippines, and other neighbouring countries in the region. According to JERDE’s vice president and design principal Ken Ho, it is exciting to see the physical growth of cities in Asia as rich culture and heritage are interwoven into the design of each project.

Disburse Long Thanh Airport funds within the year: PM

VnExpress Prime Minister Nguyen Xuan Phuc has asked Dong Nai Province to disburse VND17 trillion ($720 million) for the Long Thanh Airport project by the end of this year. At an online meeting with the southern province’s authorities Wednesday, Phuc noted that despite the government allocating over VND17 trillion to the province for construction of the Long Thanh Airport, only about VND1.8 trillion ($77.59 million), or 10 percent of the allocated amount, had been disbursed. “The province must pledge to make efforts to disburse this capital within this year,” he stressed.

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Daily Real Estate News Highlights

Vietnam - 13 April 2020

Vietnam’s second-home segment on the rise

Vietnam Investment Review Kenneth Atkinson, founder and senior board adviser at Grant Thornton Vietnam, shares with Bich Ngoc his opinion on the future for Vietnam’s second home market. Vietnam has been one of the top-performing inbound tourism markets over the last few years.

Volume of cargo in Q1 grows, passengers drop

Vietnam News The volume of cargo passing through Vietnamese ports in the first quarter this year reached more than 159 million tonnes, up 8.4 per cent over the same period last year, reported the Viet Nam Maritime Administration (VMA). Container cargo accounted for more than 5 million twenty foot equivalent units (TEUs), a year-on-year increase of 14 per cent. Regarding passengers via seaports, the administration said the total number of ships in the past three months was 16,473, a decrease of 10 per cent compared to last year.

Vietnam’s second-home segment on the rise

Goods are loaded at Cát Lái Port, HCM City

Japan spends $2.2 billion to get Japanese companies to exit China

Vietnam Insider Japan has earmarked $2.2 billion of its record economic stimulus package to help its manufacturers shift production out of China as the coronavirus disrupts supply chains between the major trading partners. The extra budget, compiled to try to offset the devastating effects of the pandemic, includes 220 billion yen ($2 billion) for companies shifting production back to Japan and 23.5 billion yen for those seeking to move production to other countries, according to details of the plan posted online.

Covid-19: short-term blow, long-term opportunity for Vietnam

Vietnam Insider According to John Hopkins University on 10 April, Vietnam had just 255 confirmed cases, and no deaths, compared to more than 2,000 cases in nearby Thailand, as containment measures taken by the one-party state have been draconian but effective. The response has focused on tracking down infected individuals and tracing their second and third-hand contacts, and mass quarantining. Official figures showed nearly 45,000 people were quarantined as of 26 March, according to Reuters, while more than 30,000 had been tested for the virus. However, Michael Kokalari, chief economist at the investment manager of VinaCapital Vietnam Opportunity (VOF), still expects serious damage to the country’s economy.

Vinhomes launches online real estate transaction floor

Bizhub Vinhomes Joint Stock Company launched its online real estate trading floor today, connecting investors with customers through computer screens or smartphones. With the motto ‘Stay home - Buy home’, this online trading floor provides customers with information on the location, planning as well as sales documents of the projects. Sales policies, preferential programmes and selling prices will be published accurately, publicly and transparently. Customers will be able to buy homes at the original price through only four steps, namely sign up/sign in, searching for products, choosing products, and depositing/ordering. colliers.com/en-vn

VSIP II-A DEVELOPMENT LAND VSIP II-A IP, Binh Duong Province

Summary Information • Address: No. 17 VSIP II-A, Street No. 29, Vietnam – Singapore Industrial Park II-A, Vinh Tan Commune, Tan Uyen Town, Binh Duong Province • Land Area: 20,940 sq. m • Land Tenure: Leasehold land with upfront payment of infrastructure use, expiring on 19 March 2058 (39 years remaining) • Legal Status: › Land Lease Contract signed directly with the park developer › LURC and Investment License has been issued › Pre-payment for the entire lease term has been paid until 19 Mar 2058 • Land Sale Structure: Share transfer

1 hr 28 mins driving

Site Plan • It is irregular shaped and general level topography. All infrastructures were in place with completed road systems, sewerage systems and telecommunication systems. The site is accessible via Street No. 29. › Adjacent to Huang Chou International Co., Ltd on the right › Adjacent to Taejin Vietnam Co. Ltd. on the left › Across from URC Vietnam Co. Ltd

INVESTMENT

HCMC

HIGHLIGHTS

• Local entity set up and held 100% by offshore by a International private owner. • Clean and clear asset and ready for acquisition. • All infrastructure were in place with completed road systems, sewerage systems and telecommunication systems. • Pre-payment for the entire lease term has been paid for the term which has a good 39 years left until 19/03/2058. • In short supply from the industrial park developer.

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

Terence Alford

COLLIERS INTERNATIONAL

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

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

Accelerating success.

Daily Real Estate News Highlights Vietnam - 14 April 2020

Promptly implementing projects in Dong Nai

key

transport

infrastructure

Thanh Nien A series of key infrastructure projects in Dong Nai province are speeding up, making the real estate market here get increasingly vibrant. Recently, the Prime Minister has proposed Dong Nai to disburse VND 17,000 billion to Long Thanh airport this year.

Quang Nam prioritizes green FDI projects

Vietnam Investment Review The central province of Quang Nam expects to welcome more FDI projects promoting green growth, according to Chairman of the provincial People’s Committee Le Tri Thanh. He expressed his appreciation of all FDI projects in the province that have significantly contributed to local socio-economic development.

Ensuring long-term investment for era of digital transformation Vietnam Investment Review

Great infrastructure is a lever to boost Dong Nai’s real estate market

An aerial view of the Chu Lai Open Economic Zone in Quang Nam province

In the digital transformation journey, cloud computing is a strategically important step. Conor McNamara, managing director for Southeast Asia at Amazon Web Services, discussed with VIR’s Bich Thuy new movements in cloud adoption in Vietnam, and how AWS supports Vietnamese businesses in their digital evolution. Preparing conditions to revive the economy Vietnam Economic News The economy has been hard hit by the COVID-19 pandemic, but Deputy Minister of Planning and Investment Tran Quoc Phuong said that it is time to make thorough preparations to revive the economy after the pandemic passes. Vietnam needs to soon promulgate and implement supportive measures to revive the economy. Such measures must be carried out quickly in order to maintain economic growth and create momentum for the next period. The Ministry of Planning and Investment forecasts that GDP growth in 2020 could be 5.32% if the pandemic ends in the second quarter of this year. If the epidemic is controlled in the third quarter, a growth rate of 5.05% is predicted.

Shares may move sideways on increased selloff and profit taking

Vietnam News Stock markets look set to move sideways this week with continuous foreign selloffs pressuring investor sentiment and recent broad rally may spur some profit taking. The benchmark VN-Index on the Ho Chi Minh Stock Exchange slipped 0.31 per cent to close Friday at 757.94 points. The southern market index gained total 8 per cent last week. An average of 303.4 million shares were traded on the southern exchange during each session last week, worth VNĐ4.3 trillion (US$184.4 million). “VN-Index is forecast to head toward resistance zone of 780-820 points next week,” said Tran Xuan Bach, a stock analyst at Bao Viet Securities Co.

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Daily Real Estate News Highlights

Vietnam - 15 April 2020

Empire City leaders vow to kick off 88-storey tower

Vietnam Investment Review Work is to start in 2020 on the basement level of a 88-storey tower complex in HCMC with many obstacles are on the way to finally being cleared. The joint venture for the $1.2 billion Thu Thiem Observation Tower complex in District 2 is set to be Vietnam’s tallest tower.

Vietnam could receive Japan-made metro trains in Q2

The Saigon Times Trains ordered to serve HCMC’s first metro line are expected to be shipped to Vietnam from Japan in the second quarter of the year. The HCMC Urban Railway Management Board in an announcement issued on April 13 noted that experts and engineers from Hitachi, the Japanese train manufacturer, are conducting the final tests on the trains in Japan before delivering them to Vietnam.

Leaders have set a target to start construction of the 88-storey tower by the end of 2020

Bà Rịa – Vũng Tàu to build new airport on Gò Găng Island A Ben Thanh-Suoi Tien metro train is stationed in Japan. The trains

Vietnam News are expected to be shipped to Vietnam in the second quarter of 2020 A new airport covering 248.5ha is scheduled to be built on Gò Găng Island, Long Son Commune in the southern province of Ba Ria–Vung Tau this year. It has been approved by the vice chairman of the provincial People’s Committee, Le Quoc Tuan. Tuan said the committee had already selected the location for the airport following a recommendation from the provincial Construction Department. The site is southwest of Gành Rái Bay and northwest of the Chà Và River.

Consortium keen on construction of Cat Lai Bridge

The Saigon Times A consortium comprising two local firms has proposed developing Cat Lai Bridge, connecting HCMC’s District 2 with Nhon Trach District in the southern province of Dong Nai. According to an announcement issued on April 7 by the provincial government of Dong Nai, the consortium of Vietnam Urban And Industrial Zone Development Investment Corporation, or IDICO, and Civil Engineering Construction Corporation No. 6, or Cienco 6, seeks to build the bridge under the public-private partnership format. The Dong Nai Department of Planning and Investment was asked to team up with the relevant agencies to work out criteria for selecting investors and report to the provincial government for consideration and approval before April 20.

Da Nang posts sharp increase in domestic investment

Nha Dan Online Da Nang has attracted four investment projects by domestic investors since early this year, with total registered capital of over VND8.6 trillion (US$369 million), 4.72 times higher than the same period last year. Due to the impact of the COVID-19 pandemic, foreign direct investment (FDI) in the city has slowed down but domestic investment is on the rise. So far, the city has attracted 335 projects by domestic investors with accumulated capital of over VND112.6 trillion (US$4.83 billion). Meanwhile, the city attracted nearly US$83.5 million worth of FDI capital in the first quarter of this year, lower than expected. The pandemic has interrupted a series of large projects with registered capital totalling hundreds of millions of US dollars.

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Daily Real Estate News Highlights Vietnam - 16 April 2020

Ba Ria – Vung Tau to grant ownership certificates for condotels

Bizhub The People’s Committee of Ba Ria – Vung Tau Province has urged relevant departments to speed up issuance of ownership certificates for condotels to ensure the healthy development of the segment. The municipal Ba Ria – Vung Tau to grant ownerDepartment of Natural Resources and Environment would be in charge ship certificates for condotels of providing detailed instructions for granting land and house ownership certificates for condotels.

Key fly-over bridge to boost west zone traffic links

Vietnam News Trung Nam Land company, a member of Trung Nam Group, has proposed a plan to build a fly-over bridge on the Nam Hai Van-Tuy Loan ring-road. Chairman of Trung Nam Group, Nguyen Tam Thinh, said the fly-over would Key fly-over bridge to boost west help ease traffic on the ring-road and the La Son-Tuy Loan Expressway, zone traffic links while creating a safe route for residents travelling between Hoa Vang and Lien Chieu districts.

Social housing projects wait for incentives

Vietnam News Demand for low-priced social houses and houses for long-term rent was high but incentive policies have not yet encouraged investors. At present, dozens of low-priced social housing projects in Ha Noi and HCM City had not yet been given preferential loans from the Government. Le Huu Nghia, director of Lê Thành Company, told Tien Phong (Vanguard) Newspaper that for years his company had invested into building more than 3,000 low-priced houses in Bình Tân District of HCM City.

US businesses keen to seize Vietnamese investment opportunities

The Voice Of Vietnam US firms are set to seize upon any investment opportunities that open up in Vietnam whilst simultaneously supporting the country’s efforts to fight the novel coronavirus (COVID-19) pandemic, stated business representatives during an online meeting with the Business Council for International Understanding (BCIU) on April 14. The event saw the Vietnamese Ambassador to the US Ha Kim Ngoc emphasise that despite challenges caused by the COVID-19 epidemic, mutual relations between the two countries have continued developing and have achieved a number of positive results across several sectors, particularly economics and trade.

Danang sounds horn for investors in Lien Chieu Port infrastructure

Vietnam Investment Review Danang People’s Committee is looking for investors to join in the development of shared infrastructure at Lien Chieu Port, which has the total investment of VND3.43 trillion ($149.13 million). Danang People’s Committee has submitted a document requesting the prime minister’s approval for the investment planning to call for private investment into the shared infrastructure part of the Lien Chieu Port project. The infrastructure for calling investment is harbour area, container yard, warehouse complex, breakwater, pier, waterway, and transport system, among others. colliers.com/en-vn

Daily Real Estate News Highlights Vietnam - 17 April 2020

Works near completion for test run of Ho Chi Minh City’s first metro line

Tuoi Tre News Engineers and workers are wrapping up the final stages of Ho Chi Minh City’s metro line No. 1 as its first test run is expected to be carried out this year. The Ho Chi Minh City Management Authority of Urban Railways (MAUR) said on Tuesday that contractors are completing the metro line No. 1 project in preparation for welcoming its first trains.

Works near completion for test run of Ho Chi Minh City’s first metro line

Dong Nai industrial parks boost investment

Vietnam Economic News According to the provincial economic development strategy, the southeastern province of Dong Nai has planned 35 industrial parks including 32 industrial parks on 10,240.45ha and a 78.51 percent occupancy rate. Dong Nai has developed industrial parks according to four criteria - location, infrastructure investment unit, opportunity to attract investment and demand for industrial park activities

Dong Nai industrial parks boost investment

Agricultural land price increases during COVID-19

Bizhub While most of the realty segment has struggled during the COVID-19 pandemic, agricultural land is still a hot investment as more people want to return to rural areas for a more environmentally-friendly life. According to land brokers, the prices of agriculture land have doubled and tripled in Viet Nam’s southern provinces, as many buyers leave the city for the countryside. The trend encouraging people to move from the city to the outskirts started more than a year ago and increased due to the pandemic.

Vietnam targets 7 pct GDP growth over next five years

VnExpress The government has set an annual growth target of 7 percent from 2021-2025 to make up for the Covid-19 induced slowdown. A recent statement said the government will continue to improve the business environment and infrastructure, expand export markets, apply advanced technologies and promote private sector development over the next five years. It noted that the global economic situation continues to be complicated and unpredictable, while the domestic economy faced many difficulties and potential risks, posing many challenges for sustainable development.

Investment in HCM City’s export processing, industrial zones up 86%

The Voice Of Vietnam Export processing and industrial zones in Ho Chi Minh City attracted US$117 million worth of investment in the first quarter of the year, a 86% increase compared to the same period last year, according to the HCM City Export Processing and Industrial Zones Authority (HEPZA). Foreign direct investment (FDI) in the zones was nearly US$66 million, a 2.58% increase year-on-year. Eleven FDI projects registered an additional over US$60 million in capital. There were six new projects with total capital of US$5.48 million, a 74% decrease from last year.

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BAU BANG DEVELOPMENT LAND Bau Bang IP, Binh Duong Province

Summary Information • Land Area: 130,894 sq. m • Land Tenure: Leasehold land with upfront payment of infrastructure use, expiring on 30 June 2057 (38 years remaining) • Legal Status: › Land Lease Contract signed directly with the park developer › LURC and Investment License has been issued › Majority Pre-payment for the entire lease term has been paid • Land Rental: An additional rental of US$0.2/sq. m/year will be paid annually. This portion will be reviewed every 5 years with the increase margin of no more than 20% of the previous 5-year period. • Sale Structure: Share transfer

Site Plan

1hr 40 mins Drive

• It is irregular shaped and general level topography. All infrastructures were in place with completed road systems, sewerage systems and telecommunication systems. The site has 3 street frontages and is accessible via Street N5 (25m widen), Internal street D5 (25m widen) and street D4 (25m widen). › Approx. 470 meters on Street N5 › Approx. 397 meters on Street D5 › Approx. 200 meters on Street D4

INVESTMENT

HIGHLIGHTS

• International private owner with local entity • Clean and clear company and ready for acquisition • Completed infrastructure • Land Rental 100% paid up until 30/06/2057 • Reasonable price • In short supply from the industrial park developer • $1.5M tax deductible through depreciation (over last 10 years)

HCMC

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

Terence Alford Director | Capital Market 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

Accelerating success.

Daily Real Estate News Highlights Vietnam - 20 April 2020

Vietnam poised to be big post-pandemic winner

Asia Times Through early and efficient border closures, uncharacteristic official transparency and strategic Covid-19 diplomacy, communist-run Vietnam is fast emerging as a likely post-pandemic winner. For a nation that has long-sought to secure it’s place as a reliable and responsible global actor, Vietnam poised to be big post-panthe coronavirus outbreak and its minimal impact on Vietnam has presented demic winner the nation an opportunity in crisis analysts say it is firmly grasping.

Long An attracts $114.6 million of foreign investment in first quarter

Vietnam Investment Review In the first quarter of 2020, the southern province of Long An attracted the total foreign capital of $114.6 million, up $26.5 million compared to the same period last year. In the first quarter of 2020, Long An granted Long An attracted $26.5 million 26 investment certificates to foreign investment projects with the more of foreign investment than in the first month of 2019 total committed capital of $105.7 million and raised $120 million for 11 operational projects.

Asia Digest: Vietnam’s ThinkZone invests in 5 startups; Japan’s Hiroshima Venture launches fund

Deal Street Asia Vietnam’s accelerator ThinkZone has announced the list of top five startups that are slated to receive an investment of $250,000. Meanwhile, Japan’s Hiroshima Venture Capital has launched a JPY1 billion ($9.3 million) fund that will invest in local startups and small to medium-sized enterprises. Vietnam’s accelerator ThinkZone has announced the list of top five startups that are slated to receive an investment of $250,000 and other support packages from large corporates.

Vung Tau: one step closer towards building $1 billion airport

Vietnam Investment Review The southern province of Ba Ria-Vung Tau has just approved the site for the $1 billion relocation project of the existing Vung Tau airport. The site planning for the new airport covers 248 hectares on Go Gang Island in Vung Tau city’s Long Son commune, still a primitive area and one of the favourite venues to local and international visitors. Vung Tau People’s Committee has assigned the Transport Project Management Unit in Cai Mep-Thi Vai area to work with relevant sectors and branches on the project survey and further study for submission to the province’s management.

Firms demand tax incentives to fight economic downturn

Vietnam News Capital city-based businesses on Thursday asked for specific tax policies from local authorities as they struggle with the economic downturn caused by COVID-19. BRG Group Chairwoman Nguyen Thi Nga said the Government recently approved extension of tax payment and land lease dues, but many tax officials were not fully aware of the principle and there were also no instructions. She was speaking at a meeting between businesses and the Ha Noi Party Committee.

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Daily Real Estate News Highlights

Vietnam - 21 April 2020

CapitaLand secures $280 million in green loans to green out global portfolio by 2030 Vietnam Investment Review CapitaLand on April 17, 2020 has secured a total of SGD400 million (approximately $280 million) in two bilateral green loans to catalyse the greening out of the group’s global portfolio by 2030. The loans extended to CapitaLand include SGD150 million ($105.46 million) four-year green loan provided by DBS Bank Ltd.

HCM City assures hurdles faced by property developers will be cleared this month

LogisTech of CapitaLand is Singapore’s first Super Low Energy certified logistics building

Vietnam News The HCM City People’s Committee chairman Nguyen Thanh Phong held a meeting with the heads of various government departments to discuss how to rescue real estate projects that have been delayed due to various difficulties. They considered the difficulties faced by the Dam Sen Complex HCM City assures hurdles faced by Project in District 11, licensed in 2014. It has a land area of 54,568.3sq.m, property developers will be cleared and apartment towers, a hotel and office buildings will be built by C and T this month International Joint Stock Company.

Vietnam enjoys US$3.74 bln trade surplus in Q1 despite COVID-19 The Voice Of Vietnam Vietnam achieved a trade surplus of nearly US$4 billion in the first quarter despite the novel coronavirus pandemic (COVID-19) taking its toll on the global economy, according to the General Department of Vietnam Customs. The department’s latest statistics show Vietnam earned US$46.28 billion from trade transactions in March, an increase of 17.4% compared to February. Of the total, exports rose 15.7% to over US$24 billion, while imports increased 19.2% to over US$22 billion. Binh Thuan speeds up work on investment projects

Bizhub The Binh Thuan Province People’s Committee has asked departments and districts to work with investors to hasten the progress of projects that received in-principle licences or signed memorandums of understanding with the province last year. The People’s Committee has instructed the Department of Natural Resources and Environment to help businesses complete procedures related to land and environmental impact assessment. The department will also work with the Department of Industry and Trade to help the People’s Committee ask the Prime Minister for assistance in solving problems facing key projects in the province’s titanium reserve plan.

Central Vietnam IZ implements continuity plan to mitigate Covid-19 impacts

VnExpress The WHA Industrial Zone 1 in Nghe An Province has effectively deployed a business continuity plan to minimize disruptions caused by the coronavirus pandemic. The zone, the first project of Thailand’s WHA Group in Vietnam, deployed the plan soon after Prime Minister Nguyen Xuan Phuc declared the Covid-19 outbreak an epidemic on February 1. It immediately formed a crisis management team to protect employees and support its customers and partners. “Our crisis management team has four main tasks,” said Vivat Jiratikarnsakul, WHA Chief Operating Officer, Industrial and International, also crisis management team leader. colliers.com/en-vn

Daily Real Estate News Highlights

Vietnam - 22 April 2020

PM sets Q2 deadline for North-South Expressway land clearance

VnExpress The PM wants land clearance for eight sections of the North-South Expressway completed this quarter so construction can begin in August. Land clearance is at 70 percent and if local authorities are not determined, the goal to complete this process by the end of this quarter will be missed, Prime Minister Nguyen Xuan Phuc said Thursday.

Ba Ria-Vung Tau calls for investment in 17 seaport projects

Vietnam Investment Review Calling for investment into ports is one of the five sectors that Ba Ria-Vung Tau will focus on to realise its target to become one of the three provinces attracting the highest foreign direct investment this year. The Department of Planning and Investment will check the province’s ports which have come into operation but have yet to reach their designed capacity in order to identify appropriate support measures for the project investors.

Changes required for central real estate

The La Son - Tuy Loan Expressway, which connects the central province of Thua Thien-Hue Province with Da Nang City, will be linked with the North South Expressway

Ba Ria-Vung Tau is making sea-

ports a key investment sector Vietnam Investment Review Despite going through a quiet period due to the effects of the coronavirus outbreak, investors as well as real estate businesses in Danang and across the central region are striving to remove difficulties to maintain stable operations as well as adapt to a new direction. Real estate developers in the region expected the market to rebound after a year of complexity, highlighted by the Ministry of Construction announcing solutions for removing obstacles for condotels, opening up hope for market recovery. Recent global developments, however, have temporarily dampened hopes for such an event.

Hậu Giang infrastructure for economic development

Vietnam News The Cuu Long (Mekong) Delta province of Hau Giang has approved six resolutions on infrastructure projects, with an estimated total capital of more than VNĐ5.3 trillion (US$227 million). The resolutions were passed by vote at the recent 15th extraordinary session of the provincial People’s Council. The six projects will be located in three new urban areas in Vi Thuy and Châu Thành districts and Vi Thanh City. Three roads will be built, including one passing through Vinh Vien A Commune in Long My District, one in Phú Tân Commune in Châu Thành District, and another in Phu Huu Commune in Châu Thành District.

US signs $42mn deal to enhance Vietnam’s economic competitiveness

Tuoi Tre News The United States Agency for International Development (USAID) and Vietnam’s Ministry of Planning and Investment on Wednesday virtually signed a US$42 million agreement to advance Vietnam’s economic competitiveness. The U.S. Embassy and Consulate General in Vietnam said in statements the same day that the advancement will be made possible through strengthening private-sector competitiveness, innovation and startup ecosystems, and human capital. Under this agreement, USAID technical assistance activities will enhance the capacity of small and growing Vietnamese businesses, including those led by vulnerable populations, by facilitating access to competitiveness-enhancing technology, business management skills, colliers.com/en-vn

INDUSTRIAL & RESIDENCE DEVELOPMENT LAND Phuoc Binh Commune, Long Thanh District, Dong Nai

Summary Information • Project Area: 4,354,888 sq. m • Land Tenure: New LURC on acquisition • Legal Status: › Dong Nai Government’s approval on Project Proposal › 1/5000 and 1/2000 Masterplan › Land Lease Contract signed directly with Dong Nai Government • Project Status: Vacant land for cultivation of perennial trees › No compensation for public land › Crop compensation is required for the local residents & organizations

1 hr 33 mins driving

Project Masterplan INDUSTRIAL SECTION

1,990,310.5 SQ. M

100%

•

Land for Factories

1,373,314.2 sq. m

69%

•

Land for Services, Management and Support

99,515.5 sq. m

•

Land for Technical Purpose

39,806.2 sq. m

•

Land for Transportation

199,031.1 sq. m

10%

•

Land for Landscaping (Green area, water-surface, etc.)

278,643.5 sq. m

14%

RESIDENTIAL SECTION

2,364,577.5 SQ. M

100%

•

Land for Residential

1,371,455.0 sq. m

58%

•

Land for Mixed-use

189,166.2 sq. m

•

Land for Transportation

425,624.0 sq. m

18%

•

Land for Landscaping (Green area, park, water-surface, etc.)

378,332.4 sq. m

16%

TOTAL

4,354,888 SQ. M

100%

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

Terence Alford

COLLIERS INTERNATIONAL

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

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

Accelerating success.

Daily Real Estate News Highlights Vietnam - 23 April 2020

The state of play in the Vietnamese e-wallet arena

Vietnam Investment Review According to economic experts, this stems from the advantage of Vietnam’s successful signing of the European Union-Vietnam Free Trade Agreement (EVFTA). In addition, the wave of shifting investments to Vietnam among foreign companies, which has been taking place since late 2019, is being E-wallet groups are battling it out to further accelerated in early 2020. capture larger market shares and,

HCM City becomes first locality with over US$10 billion export revenue in first quarter

importantly, customer loyalty

Nhan Dan Online Ho Chi Minh City has become the first locality in Vietnam to post over US$10 billion worth of export revenue in the first quarter of this year, according to the General Department of Vietnam Customs. The country witnessed 11 provinces and cities reporting over US$1 billion worth of export revenue in the first quarter of this year including Bac Giang, Bac The 11 localities recorded a combined Ninh, Binh Duong, Dong Nai, Hanoi, Hai Duong, Hai Phong, Long An, Tay export revenue of nearly US$49.35 Ninh, Thai Nguyen and Ho Chi Minh City. billion, accounting for 78% of

Compensation rates approved for lands to be acquired for Long Thành airport

Vietnam’s total export revenue.

Vietnam News Dong Nai Province authorities have approved the compensation rates payable to households who have to move to make way for the long-awaited Long Thành international airport. A total of 3,027ha of lands are to be acquired, and the rates range from VNĐ161,000 (US$7) per square metre to VNĐ6.573 million ($280). Non-agricultural lands will be paid VNĐ1.392-6.573 million per square meter, depending on the location, and for agricultural lands the rate is VNĐ161,000-360,000.

Tax cuts proposed for SMEs to accelerate growth after COVID-19

VnExpress The Ministry of Planning and Investment has asked for corporate income tax (CIT) to be cut for small and medium-sized enterprises (SMEs) by half this year in an effort to boost growth when the COVID-19 pandemic eases. The Ministry of Planning and Investment has asked for corporate income tax (CIT) to be cut for small and medium-sized enterprises (SMEs) by half this year in an effort to boost growth when the COVID-19 pandemic eases.

EVFTA could signal difficulties for Vietnamese trade remedies

The Voice Of Vietnam Future trade between Vietnam and the EU is anticipated to enjoy strong growth when the EU-Vietnam Free Trade Agreement (EVFTA) is implemented due to the majority of import tariff lines set to be reduced to 0%, while import-export turnover is expected to enjoy a surge, therefore contributing to increasing the number of cases relating to trade remedies. This upsurge in activity could potentially create a number of difficulties for the nation’s trade remedy investigation agency as they are hindered by limited resources, said Le Trieu Dung, director general of Trade Remedies Authority of Vietnam under the Ministry of Industry. colliers.com/en-vn

Daily Real Estate News Highlights Vietnam - 24 April 2020

Bà Rịa-Vũng Tàu lures over $450m into IZs in Q1

Vietnam News BA RIA-VUNG TAU Industrial zones (IZs) in the southern province of BaRia-Vung Tau attracted a total investment capital of more than US$450 million in the first quarter of this year. Of the sum, $360.7 million came from seven newly-licensed projects while the remainder of $97.8 million from eight capital-added ones.

Industrial property developers, natural rubber firms resilient on cash availability

Bizhub Industrial park developers and natural rubber companies are the most resilient amid a prolonged global COVID-19 pandemic due to higher cash availability, according to BIDV Securities Corp (BSC). BSC presumed if the disease is not controlled and cured in the next two months, companies will have no revenues and new cash flow while they still have to spend 50 per cent of previous income on operation expenses, interests and short-term liabilities.

Ministry approves Buôn Ma Thuột City bypass

The 300ha My Xuan A Industrial Zone in Ba Ria-Vung Tau Province’s Phu My Town.

Industrial property developers are forecast to remain resilient as demand for land lease at industrial zones is forecast to keep rising.

VietnamNews The Ministry of Transport has approved the construction of a 39km bypass around Buôn Ma Thuot City on Ho Chi Minh Highway in the Tây Nguyên (Central Highlands) province of Đak Lak. The new bypass is expected to reduce traffic load on the National Highway No 14, which is part of the Ho Chi Minh Highway and the main road leading to the Buôn Ma Thuot City.

Vietnam’s banks stick with bullish 2020 target despite coronavirus

Vietnam Insdider According to estimates from Saigon Securities Incorporation (SSI)’s research division, Vietnam International Bank (VIB) was expected to lead in terms of pre-tax profit growth in the first quarter with a 30 per cent on-year increase to surpass VND1 trillion (US$43.48 million). Meanwhile, with credit growth of nearly 6 per cent in the first quarter and earnings from its bond investment portfolio in the first two months of this year, VPBank is expected to post double-digit profit growth in the first quarter.

By 2025, the digital economy will account for approximately 20% of GDP

Bao Dau Tu The National Strategy for Industrial Revolution 4.0 has an important goal to promote the process of renewing the growth model and restructuring the economy. By 2025, the digital economy will account for approximately 20% of GDP. By 2030, GDP may increase from USD 28.5 - 62.1 billion, increasing by 7-16% of GDP (compared to non-participation in the Industrial Revolution 4.0). This revolution is expected to increase jobs from 1.3-3.1 million although it may change employment structure in the economy. By 2030, labor productivity will increase from USD 315 to USD 640.

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Daily Real Estate News Highlights Vietnam - 29 April 2020

Vietnam takes first steps to restart economy

Vietnam Insider When two visitors from neighboring China emerged as Vietnam’s first cases in late January, the Communist Party-led government began imposing controls that would have been difficult in many democratic countries. Over subsequent weeks it banned virtually all domestic and international flights, ordered pharmacies to report customers buying cold medicine and quarantined more than 100,000 people in military camps, hotels and closely monitored homes.

Vietnam takes first steps to restart economy

Ideal manufacturing and office space for ancillary firms

Vietnam Economic News Ancillary industry plays an essential role in promoting the economy and sustainable development. Over the past few years, the industry has experienced a significant growth in foreign direct investment (FDI), leading to diversification of raw material supply and market demand.

Vietnam records US$12.4 billion trade surplus with US in Q1

Ideal manufacturing and office space for ancillary firms

The Voice Of Vietnam The first quarter of this year saw the total import-export turnover between Vietnam and the US achieve double-digit growth of US$ 19.5 billion, of which Vietnam posted a trade surplus of US$12.4 billion, according to the General Department of Vietnam Customs. During the reviewed period, Vietnamese export turnover to the US- the world’s largest economy, also the nation ‘s largest export market - reached US$15.95 billion, representing an increase of 19.9% on year, and accounting for 25.2% of the country’s overall export turnover. Export staples to the highly lucrative market were textiles and garments, telephones, computers, electronic products, footwear, wood products, machinery, equipment and auxiliary tools with a turnover of US$1 billion or more.

Huế, Đà Nẵng call for $215 million property investment projects

The Voice Of Vietnam Da Nang City and Thua Thien-Hue Province have approved some key property projects for construction in the third quarter of this year, calling for investment to help recover the real estate market growth that was postponed by the COVID-19 pandemic. Da Nang has planned the Complex of Health-Medicine education school and luxury apartments in Ngu Hanh Son District, covering 1.2ha with an investment of VNĐ1.18 trillion (US$51.3 million). The complex will include a hospital, a medicine school and a hostel for students – the first of its kind in Da Nang.

VRE, SSI to take higher weight in VN30: VDSC

Vietnam News Property developer Vincom Retail (VRE) and SSI Securities (SSI) are two of four stocks expected to weigh more in the large-cap VN30 basket, according to Rong Viet Securities Corp (VDSC). The two other stocks are FLC Faros Construction Corp (ROS) and PetroVietnam Power Corp (POW). Meanwhile, the market regulator will reduce the weight of VP Bank (VPB), sugar firm Thành Thành Công-Biên Hòa JSC (SBT) and tech group FPT (FPT). The change will be made by the Ho Chi Minh Stock Exchange (HoSE) when the southern market regulator completes reviewing the large-cap basket in April.

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For market research reports, please visit our website at www.colliers.com/en-vn 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. ÂŠ2019. All rights reserved. contact@colliers.vn