Monthly Real Estate News | August 2020 by Vietnam Realty

COLLIERS INTERNATIONAL

VIETNAM MONTHLY REAL ESTATE NEWS - August 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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david.jackson@colliers.com +84 28 3827 5665

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OFFICE

COLLIERS INTERNATIONAL|VIETNAM

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

CAMBODIA CAMBODIA 93 SI Building, Preah Sihanouk, Sangkat Khan Doun Penh, Gelex Tower,Chaktomok, 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

INVESTMENT PROJECT 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

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

COLLIERS INTERNATIONAL

Site Plan • 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.

INVESTMENT

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

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

HIGHLIGHTS

• International private owner with local entity

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

• Reasonable price • In short supply from the industrial park developer

HCMC

TOLL STATION

N H51

• Completed infrastructure

BELT ROA D 2

• Clean and clear company and ready for acquisition

N G U YEN THI D IN H STREET.

1hr30 Drive

VUNG TAU

Accelerating success.

INVESTMENT PROJECT 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 • 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

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

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

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

HIGHLIGHTS

• International private owner with local entity • Clean and clear company and ready for acquisition • Completed infrastructure

1hr 40 mins Drive

• 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

Accelerating success.

INVESTMENT PROJECT 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 19 Mar 2058 • Land Sale Structure: Share transfer

Site Plan

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

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

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

• 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

1 hr 28 mins driving

HIGHLIGHTS

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

HCMC

• 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.

Accelerating success.

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

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

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

Accelerating success.

OFFICE FOR LEASE 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 sq.m; • Total lettable area: 6,723 sq.m over ten floors and two basements; • Basement Parking: 1.087 sq.m

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

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

Colliers News Condotel and villa prices in Da Nang dropped sharply due to COVID-19

www.vietnaminsider.vn The COVID-19 pandemic took a significant impact on the condotel and villa supplies in Da Nang, resulted in a price decrease in the second quarter of 2020 compared to the previous quarter. The second quarter 2020 report of Colliers International said Da Nang condotel market has been significantly affected by the tourism industry and some legal issue infringements. Specifically, the average selling price of condotel projects decreased to USD 93/m2 compared to the first quarter of 2020.

Condotel and villa prices in Da Nang dropped sharply due to COVID-19

Vietnam becomes the world’s fifth fastest growing economy: World Bank reports

www.vietnaminsider.vn A World Bank report projects Vietnam’s GDP to grow at 2.8 percent this year, making it the world’s fifth fastest growing economy. It estimated a second half growth of 3.5 percent that would bring the year’s GDP growth Vietnam becomes the world’s fifth to 2.8 percent, the fifth fastest-growing economies in the world this year fastest growing economy: World Bank reports “behind a small group of African countries.”

Q2 Thao Dien by Frasers Property: top destination for elite residential community

www.vir.com.vn The luxury segment in the southern real estate market is retaining its robust growth momentum in the third quarter, with the timely completion of Q2 Thao Dien at District 2 – a top-of-the rank residential project with an appealing product portfolio – being a spectacular highlight in the segment. The topping out ceremony of Q2 Thao Dien in late July for public transport and parks.

Condotel market faces gloomy prospects

www.vietnamnews.vn The condotel market has faced a gloomy period due to low absorption rate while inventory has been on the rise, experts said. Statistics from the HCM City Real Estate Association (HoREA) showed the country now has some 82,900 condotels with a total investment of VNĐ100 trillion (US$4.3 billion), mostly located in localities with strong tourism markets like Ha Noi, HCM City, Da Nang, Thanh Hoa, Binh Dinh, Khanh Hoa, BInh Thuan and Ba Ria - Vung Tau. However, after five years of rapid growth, the condotel market now has a large inventory. Figures from real estate distributor DKRA Vietnam Company revealed big cities in Viet Nam are short of apartments while the absorption rate of condotels is low.

colliers.com/vietnam

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

Colliers News EVFTA - "Incentives" to help Vietnam recover quickly after COVID-19 www.cand.com.vn On August 24, Mr. David M. Jackson, Chief Executive Officer of Colliers International in Vietnam pointed out, with a total foreign direct investment capital of USD 8.71 billion (in 2018), the EU was one of the largest foreign investors in Vietnam. Therefore, signing EVFTA in this period once again helped Vietnam open up more opportunities, attracting capital flows from investors and enterprises.

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

Competitive factors make Viet Nam a destination for foreign investors

www.news.chinhphu.vn For Japan, the East Asian country is currently the second largest investor in Viet Nam with a registered capital of more than US$60 billion (out of the total US$380 billion FDI inflows). Terence Alford, Director of Capital Markets & Investment Services at Colliers International in Viet Nam, highlighted that amid the constant evolution of the COVID-19 pandemic and the U.S.- China trade tensions, Japan’s financial institutions and businesses see Viet Nam as a new attractive and more stable destination to establish new companies as well as relocating their existing businesses from China.

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

Novaland partners up with Minor Hotel Group for management of 5-star Avani Saigon hotel at The Grand Manhattan

www.vir.com.vn Major Ho Chi Minh City-based developer Novaland has partnered with global hospitality group Minor Hotels to manage the first branded Avani in Ho Chi Minh City – Avani Saigon Hotel at The Grand Manhattan, a luxury apartment complex in District 1.

Vietnam ramps up efforts to build more LNG facilities

www.vnexpress.net As more attention is paid to liquefied natural gas (LNG) as another fuel option needed for power generation under Vietnam's most recent Power Development Plan (PDP), which is currently being developed, the need for building LNG facilities is more imperative than ever. In the new Power Development Plan (PDP) 7 that covers the 2025-2030 period, Vietnam will need new LNG to power facilities with a total capacity of approximately 15,000-19,000MW to meet the rapid growth in electricity power demand, mostly in the southern part of the country. colliers.com/vietnam

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

Colliers News The "supporting medicine" for Vietnam's economy recovered rapidly after Covid-19 www.nhipcaukinhdoanh.vn

Mr. David M. Jackson - Chief Executive Officer of Colliers International in Vietnam commented: "With a total foreign direct investment capital of 8.71 billion USD (in 2018), the EU is one of the largest foreign investors in Vietnam. Therefore, signing EVFTA in this period once again helped Vietnam open up more opportunities to attract capital flows from investors and enterprises.

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

Enterprises in IPs urged to use hi-tech equipment

www.vietnamplus.vn Enterprises in export processing zones (EPZs) and industrial parks (IPs) should use high technologies to better manage manufacturing processes and improve product quality. Enterprises in export processing zones (EPZs) and industrial parks (IPs) should use high technologies to better manage manufacturing processes and improve product quality. “We can fully expect a future where everything will be automatic, people's living standards will be higher, and machines will serve instead of human in many functions." said Cao Thi Phi Van, Deputy Director of the HCM City Investment and Trade Promotion Centre (ITPC).

EU exports to Vietnam being taxed less as of today, 1 August

www.vietnaminsider.vn This is the immediate effect of the entry into force of the EU-Vietnam trade agreement that will ultimately scrap duties on 99% of all goods traded between the two sides. Doing business in Vietnam will also become easier for European companies: they will now be able to invest and pitch for government contracts with equal chances to their local competitors.

Czech expert lauds changes in Vietnam’s foreign investment attraction policy

www.vietnamplus.vn David Jarkulisch, an economic diplomat from the Czech Republic, has spoke highly of positive changes in Vietnam’s revised Law on Investment which aims to attract and bolster efficiency of foreign investment. David Jarkulisch, an economic diplomat from the Czech Republic, has spoke highly of positive changes in Vietnam’s revised Law on Investment which aims to attract and bolster efficiency of foreign investment. In an article published on the website of the Ministry of Foreign Affairs of the Czech Republic, he noted that the revised law, will improve conditions and incentives for foreign investors.

Global uncertainties pushing gold prices to record highs

www.vietnamexplorer.com The Vietnamese gold price will likely continue to spike, reflecting the growing anxiety around increasing coronavirus presence in the country and beyond. fter a few months of near-complete safety from COVID-19, an outbreak in Danang at the end of last month has created new tension for Vietnam, but with three related deaths reported as of noon August 1. colliers.com/vietnam

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

Samsung plans to shift Chinese PC production to Vietnam: Nikkei

www.hanoitimes.vn The move is expected to help the South Korean tech giant stay competitive. Samsung Electronics will end Chinese personal computer production as it looks to shift production to Vietnam to cut costs and remain competitive in the PC business, Nikkei Asian Review reported. The plant in the city of Suzhou will close as soon as this month and convert part of the facility into a research and development center

The move is expected to help the South Korean tech giant to stay competitive

Novaland’s profit surges in Q2 thanks to M&A strategy

www.vnexpress.net Novaland achieved a consolidated revenue of VND4,361 billion ($188 million) in the first half of 2020, with profit before and after tax increasing by 12 and 48 percent year-on-year respectively. Consolidated financial statements for the second quarter of 2020 were just released by No Va Real Estate Investment Group JSC (Novaland), which recorded a 35 percent increase in gross profit margins over the same period last year.

The Grand Manhattan

Billionaire-led Vietnamese conglomerate Vingroup reports a 60% drop in earnings

www.vietnaminsider.vn Billionaire-led Vietnamese conglomerate Vingroup reported a 60% drop in earnings in the first half of the year, after relinquishing control of its major retail chain to focus more on its motor vehicle and smartphone businesses. Vingroup’s profit after taxes came in at $58.3 million, while group revenue fell 37% in the same period to $1.67 billion, a company spokesperson said Tuesday. In December, two divisions of Vingroup merged with the Vietnamese retail giant Masan Consumer Holding. Through that deal, Vingroup handed Masan control of its 2,600 VinMart and VinMart+ stores so it could commit more resources to manufacturing motor vehicles and smartphones, the spokesperson says.

US firm seeks to invest US$15 billion in power project in central Vietnam

www.hanoitimes.vn The company hopes to turn Vietnam in general and Van Phong in particular into an important LNG hub of Southeast Asia. Millennium Vietnam Company, a member of the US-based Millennium Petroleum Group, has shown interest in investing up to US$15 billion in a liquefied petroleum gas project in Nam Van Phong of the central coastal province of Khanh Hoa. At a recent meeting with Khanh Hoa province's leaders, Sam Chan, chairman of Millennium Vietnam, said the company wished to build a power plant and a liquefied petroleum gas (LNG) storage terminal on an area of about 600ha in Nam Van Phong.

Viettel Global posts US$50.7 million before-tax profit

www.vietnamnews.vn Viettel Global, a foreign investment unit of telecoms giant Viettel, posted a before-tax profit of VNĐ1.17 trillion (US$50.7 million) in the first half of this year, equivalent to the same period last year. Viettel’s Global revenue rose 9.7 per cent to VND8.6 trillion in the period thanks to growth in its three markets of Southern Africa, Latin America and Southeast Asia despite the impact of the COVID-19 pandemic. Its gross profit increased by nearly 19 per cent to VNĐ3.3 trillion. colliers.com/vietnam

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

Colliers News In the next 6-12 months, Vietnam's industrial real estate will benefit from the 'Japanese wave'

www.vietnamfinance.vn Mr. Terence Alford - Director of the Capital Market and Investment Services Division (Colliers International), said that the Vietnamese real estate market is likely to receive more demand from Japanese companies in the next 6-12 months. According to Colliers International, the completion date of these projects should be in the first quarter of 2020 but due to the pandemic outbreak, these projects are still in progress and have no official release date yet.

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

Electricity one price: Beneficial for many users, pressure for the poor?

www.tuoitrenews.vn One-price electricity option with 5-step progressive electricity tariff is being developed and submitted to the Prime Minister by the Ministry of Industry and Trade. If approved, residents can choose to calculate their electricity bill from 2021. At the Government press conference on August 3, Deputy Minister of Industry and Trade Do Thang Hai said that the ministry has developed 5 plans to amend the electricity retail tariff and consulted ministries, National Assembly delegations and associations festival.

Banks are racing to catch digitisation trend: expert

www.vietnamnews.vn Viet Nam has seen a digital wave in the finance-banking industry, with many lenders investing significantly in digitisation, experts have said. The COVID-19 pandemic might have had a severe effect on the economy, but it has helped accelerate banks’ digitisation, they told. With many people looking for new options to deal with their financial affairs, digitisation of services and e-payments are becoming crucial, and banks, seizing the trend, have been embarking on the use of technology 4.0 and modernising their business models.

Vietnam to start building North-South Expressway in September

www.hanoitimes.vn The three sub-projects set for construction in September are sections of Mai Son – National Highway No.45, Vinh Hao – Phan Thiet, and Phan Thiet – Dau Giay. Vietnam’s Ministry of Transport (MoT) plans to start construction of three sub-projects of the Eastern cluster of the North-South Expressway by the end of September, according to Minister of Transport Nguyen Van The.

Billionaire-led Vietnamese conglomerate Vingroup reports a 60% drop in earnings

www.vietnmainsider.vn Billionaire-led Vietnamese conglomerate Vingroup reported a 60% drop in earnings in the first half of the year, after relinquishing control of its major retail chain to focus more on its motor vehicle and smartphone businesses. Vingroup’s profit after taxes came in at $58.3 million, while group revenue fell 37% in the same period to $1.67 billion, a company spokesperson said Tuesday. In December, two divisions of Vingroup merged with the Vietnamese retail giant Masan Consumer Holding. colliers.com/vietnam

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

Colliers News Significant impact from the proposal to grant ownership of resort real estate to foreigners www.vietdaily.vn Mr. Gavin M. Gross - Director of Colliers International, Hanoi Office, shared about this: “Looking positively and strategically, this stage is “difficulties create opportunities ”. The locals are looking to buy back these hotel properties at a discounted price. Besides, the recent proposal of the Ministry of Construction on granting the ownership of resort real estate to foreign investors can have a significant impact on the real estate market in Vietnam in the long run. If this regulation does well and is beneficial to the economy, it will set a precedent for increasing foreign ownership in other real estate sectors. This trend will continue until the social gap is removed and it will take a long time for the fill rate to return up to 80%.

Significant impact from the proposal to grant ownership of resort real estate to foreigners

Careful reopening of international flights just around the corner

www.vir.com.vn Vietnam is planning to move ahead with plans to reopen six international routes this month to priority areas with a frequency of one flight per week. Last month the Ministry of Transport (MoT) proposed that the government restarts international commercial flights to priority areas such as Guangzhou, Seoul, Tokyo, Taiwan, Vientiane, and Phnom Penh.

VNPT to sell stakes in three companies

www.vietnamnews.vn The Viet Nam Posts and Telecommunications Group (VNPT) will auction a total of 514,000 shares it currently holds in three companies. The firms are Baclieu Telecommunication Construction & Investment JSC, Dongthap Telecommunication Investment And Construction JSC and Camau Post-telecoms Assemblage And Services JSC. VNPT plans to sell all 168,000 of its shares in Baclieu Telecommunication Construction & Investment JSC, equivalent to 48 per cent of the company’s charter capital, with an initial price of VNĐ17,493 per share. VNPT expects to collect VNĐ2.9 billion (US$125,100) from the sale.

Toyota Motor Corp has launched its first hybrid car in Vietnam

www.vietnamnews.vn Toyota Motor Corp. has launched the Corolla Cross SUV in Vietnam, its first hybrid vehicle to be sold in the Southeast Asian country. According to the Japan Times, Toyota Motor Vietnam Co., the automaker’s local manufacturing and sales unit, said Wednesday it will import the latest SUV model from Thailand, where Toyota first released it globally in early July. Toyota Motor Thailand Co., the group’s core subsidiary in the region’s car production hub, is assembling the model after a nearly two-month factory suspension due to the COVID-19 outbreak. colliers.com/vietnam

Grab Launches New Consumer Financial Services

www.vietnaminsider.vn Grab announced today that its financial unit, which previously focused mainly on services for entrepreneurs and small businesses, is launching a slew of consumer products, including micro-investments, loans, health insurance and a pay-later program. Grab Launches new Consumer

Tourism sector takes steps to recover market amid new COVID-19 outbreak

Financial Services

www.vietnamnews.vn The Viet Nam National Administration of Tourism (VNAT) is making preparations for a recovery of the tourism market amid a new COVID-19 outbreak. Speaking at an online meeting on Friday, Nguyen Trung Khanh, director general of the VNAT, said the agency was working with localities to rehabilitate the tourism industry as the new outbreak has hit businesses again after three months of no locally transmitted cases of COVID-19. A sign in front of My Khe beach in Da Nang He noted that hotels, transport and other tourism services have a close mutual relationship.

VNPT IoT Platform achieves global certification

www.vietnamnews.vn The Viet Nam Posts and Telecommunications Group (VNPT) has received a oneM2M certificate, a global international certificate for technology solutions, for its VNPT IoT Platform. To achieve the certification, VNPT IoT Platform had to undergo a minimum of 282 tests under the rigorous testing category specified by oneM2M. After going through the tests, VNPT and Authorised Test Lab, a testing unit of oneM2M, will continue to finalise their documents and submit them to the GCF (Global Certification Forum) for VNPT IoT Platform to be reviewed and issued a certificate.

Half of Japan firms planning to diversify supply chains pick Vietnam: Abe Shinzo

www.hanoitimes.vn Vietnam and Japan would discuss the reopening of commercial flights between the two countries. Half of Japanese enterprises that are set to receive subsidies from its government to diversify supply chains have chosen Vietnam, according to Japan’s Prime Minister Abe Shinzo. The Japanese government would continue to support its companies in diversifying supply chains, Abe said in a phone talk with his Vietnamese counterpart Nguyen Xuan Phuc on August 4. Abe expressed his impression of the Vietnamese government’s efforts to contain the Covid-19 pandemic, and thanked Vietnam for providing Japan with face masks and medical equipment.

Singaporean imprint in the Vietnamese property market

www.vietnamnet.vn In the first seven months of 2020, Singapore remained the top overseas investor in Vietnam with the total investment capital at more than $6.44 billion, occupying 34.1 per cent of the total foreign investment capital into the country. Developers from the city-state have been leading the way in the property market here for the last 20 years, as demonstrated by a range of large-scale property projects from the likes of CapitaLand, Keppel Land, City Development, GuocoLand, Mapletree, Kusto Home, Sembcorp, and Ascendas. colliers.com/vietnam

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

Vinamilk brand valued at $2.4 billion: Forbes Vietnam

www.vietnamnews.vn Viet Nam’s largest dairy producer Vinamilk is valued at VNĐ55 trillion (US$2.4 billion), accounting for more than 20 per cent of the total value of Top 50 most valuable brands of Viet Nam in 2020, according to Forbes Vietnam. Forbes said total brand value of this year's list reached more than $12.6 billion, up 22 per cent compared to the list in 2019.

Vinamilk brand valued at $2.4 billion: Forbes Vietnam

www.vietnaminsider.vn Many large commercial banks have continued lowering deposit rates for various tenors aimed at reducing lending rates to support businesses and residents affected by the coronavirus pandemic in line with the directives of the prime minister and the State Bank of Vietnam. The Bank for Foreign Trade of Vietnam (Vietcombank) has cut the deposit rates of one and two months to 3.5% per year, down 0.2 percentage points compared to the beginning of August, Nguoi Lao Dong Online reported.

Vietnamese banks continues lowering deposit rates

Decision on VNA’s capital raising plan to be made soon

www.thesaigontimes.vn The final decision on increasing capital for Vietnam Airlines (VNA) to grow further will be issued soon, according to Duong Tri Thanh, general director of the national flag carrier. The State holds an 86% stake in the aviation firm, which has contributed VND26 trillion to the State budget over the past five years. In the time to come, VNA’s owner will adopt measures to raise capital to boost the development of the airline, Thanh noted at an annual general meeting of shareholders held today, August 10, in Hanoi.

Shares erase early gains due to profit-taking pressure

www.vietnamnews.vn Shares cut early gains on Monday as profit-taking pressure increased strongly when the VN-Index was approaching 850 points. The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.21 per cent to end Monday's session at 843.20 points. Nearly 309.3 million shares were traded on the southern exchange, worth VNĐ4.9 trillion (US$210.4 million). The market recovered from two slumps on July 24 and 27, which pushed the VN-Index down to 785 points, as investors were motivated by the efforts of the Government to put COVID-19 under control soon, Vu Minh Duc, director of market research and analysis at VietCapital Securities Corp, said.

Vietnam's IT employees expect to work on solutions to crises similar to Covid-19

www.hanoitimes.vn IT investment and digital working are highlighted in the latest survey to facilitate the digital future of work. In terms of employees’ expectation in the complicated situation of Covid-19, 39% of surveyed respondents want their company to work on solutions to similar crises in the future, according to the latest survey conducted by Adecco Vietnam. The survey, which most of the respondents are at manager or director level, working in multinational company in Vietnam, shows that 46% of them prefer companies to provide constant update on business performance and upcoming plan. IT investment and digital working are also highlighted in the survey to facilitate the digital future of work. colliers.com/vietnam

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

Colliers News In the next 6-12 months, Vietnam's industrial real estate will benefit from the 'Japanese wave'

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

HCM City readies land to expand infrastructure at IPs and EPZs, attract investment

www.vietnamnews.vn HCM City authorities promise to offer competitive land rentals and other incentives at industrial parks (IPs) and export processing zones (EPZs) besides improving the business environment and simplifying administrative procedures to attract investment. The city has earmarked lands on which infrastructure can be built to serve investors in industrial parks, according to its People’s Committee.

Acceleration of investment program helps Vietnam mitigate Covid-19 impacts

www.hanoitimes.vn Vietnam's domestic economic rebound continued, albeit not yet at the pace of the pre-crisis level, stated the World Bank. While the Covid-19 resurgence and subsequent stringency measures will certainly impact the pace of recovery of Vietnam’s economy, such the negative impact might be partially compensated by the government’s efforts to accelerate the execution of its investment program, according to the World Bank (WB). Prior to the recent Covid-19 outbreak in Danang and other localities, the domestic economy continued its rebound with the industrial production index (IPI) up 2.5% year-on-year in July. The rate of expansion was nonetheless slightly lower than the reported in May and June.

Shares volatile as large caps differentiate

www.vietnamnews.vn Shares failed to maintain their rally on Tuesday with the market experiencing strong volatility with big variation in large-caps' prices. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) edged down 0.01 per cent to end Tuesday’s session at 843.08 points. The index had risen 0.21 per cent to end Monday's session at 843.20 points. Market liquidity stayed low with more than 249 million shares traded on the southern exchange, worth VNĐ4.2 trillion (US$182 million).

Private enterprises have made more outward investments

www.vietnaminsider.vn The Foreign Investment Agency (FIA) reported that Vietnam’s enterprises registered $222.67 million worth of investment abroad in H1, an increase of 11.4 percent compared with the same period last year. Of this, 70 newly licensed projects had total investment capital of $185.3 million, up 78.4 percent. colliers.com/vietnam

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

Colliers News Vietnam is still new destination for Asian investors

www.doanhnhansaigon.vn "Given the tense trade war between China and the US, Hanoi is expected to double the number of industrial parks in the next two years, bringing the total number of industrial parks to 19 units. By the end of 2019, there were many foreign companies intending to move their factories in China to Vietnam. Therefore, this will be a great opportunity for the industrial park market in Vietnam to develop, ”said Mr. Terence Alford.

Vietnam is still new destination for Asian investors

Vietnam infrastructure market among most diverse competitive landscapes in SE Asia

www.hanoitimes.vn Foreign contractors will play an increasingly important role over the next decade, as the new PPP Law signals the government’s intention to attract more private sector investments. Vietnam’s infrastructure and construction market is among Southeast Asia’s most diverse competitive landscapes, given the mix of nationalities of companies operating in the country, according to Fitch Solutions, a subsidiary of Fitch Group.

IFC investing in Vietnam’s logistics sector for the first time

www.vietnaminsider.vn The funding, announced on August 11, is designed to support the development of the country’s logistics sector, thus facilitating trade and enhancing the competitiveness of the economy in the time of Covid-19. Vietnam’s logistics sector, according to IFC, has enjoyed strong growth over the past few years. This can be attributed to the record-high foreign investment mainly in manufacturing and processing industries – both require a strong logistics function – and booming local consumption.

Business Times highlights new opportunities in EU-Vietnam Trade

www.vietnamexplorer,com According to the article, the EU is already Vietnam’s second largest export designation. Vietnamese exports to the Eurozone have grown consistently in recent years, hitting a total of US$42.5 billion in 2018, representing a year-on-year growth rate of 11%. They comprise mainly telecommunications equipment, electronics, footwear, textiles, and food products like coffee, rice and seafood. With the EVFTA having entered into force, 70% of Vietnamese exports will now enter the EU’s 26 member states duty free, the article said, adding that the remaining tariff lines’ items will be reduced gradually over seven years.

More regulations for developing green cities and climate-resilient urban areas

www.vietnamnews.vn Viet Nam expects to have more regulations on investment and managing green cities and climate-resilient urban areas as the Ministry of Construct is compiling a draft decree on the issue. The draft revised decree on Investment, Management of urban development would replace the current one from seven years ago.

colliers.com/vietnam

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

Colliers News Manila transforms the mall into ‘warehouse’ for e-commerce floors due to customer shortage

www.cafebiz.vn A few commercial centers in the Philippines are now converted into warehouses, offices or parking lots. Real estate companies in the Philippines are considering changing the use of the shopping malls when everyone is at home and prefer to shop online. The Philippines is now home to the largest commercial centers in the world; Manila and its surrounding areas make up a total of 7.3 million square meters of retail space, according to Joey Bondoc, a manager at Colliers International. This is twice the size of Central Park in New York.

Manila transforms the mall into ‘warehouse’ for e-commerce floors due to customer shortage

Despite Covid-19, the demand for industrial real estate in Binh Duong is still increasing

www.vietdaily.vn Despite Covid-19, the demand for industrial real estate in Binh Duong is still increasing. Ms. Nhu Khuong - Senior Research Assistant, Colliers International said: “Binh Duong province is setting a target to attract more high-tech and sustainable industries in the future. However, with its reasonable supply and competitive rents, Binh Duong still has a strong magnet to traditional industries such as apparel and FMCG. The built-in factory model in Binh Duong has many potentials, especially for tenants who want to design and build a warehouse suitable for their purpose. This trend is forecasted to dominate the areas near Ho Chi Minh City and Dong Nai.”

Ms. Nhu Khuong - Senior Research Assistant

Lower interest rates not a good thing for equity market

www.vietnamnews.vn Lower lending rates in the financial-banking market may not mean good things for the securities market, specialist Dao Phuc Tuong said on Wednesday. Lower saving rates hit money savers first because their savings are not as profitable as they were, then purchasing power declines, Tuong, former investment manager at APS Asset Management, said.

Banks weigh up options through exchange shake-up

www.vir.com.vn A number of Vietnamese banks have accelerated their initial public offering process or switched exchanges, signalling ambitions to tap into the potential of large capital inflows, despite the market remaining highly volatile. The Hanoi Stock Exchange (HNX) recently approved for around 308 million of shares of Saigon Bank for Industry and Trade (Saigonbank) to be traded on the Unlisted Public Company Market (UPCoM). colliers.com/vietnam

Daily Real Estate News Highlights Top 5 - Daily Updated Real Estate News Colliers Internationalâ&#x20AC;&#x2122;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 Japanese enterprises are shifting their way to Southeast Asia

www.doanhnghiephoinhap.vn More and more Japanese enterprises (ENTs) are expanding operations in Southeast Asia, in parallel with the reduction in size in China, in the context of escalating US-China tensions. According to the Director of Colliers International Investment Services and Capital Market Terence Alford, the decision to finance the cost of Japanese companies moving production from China is part of a new program of the Japanese Government, aiming at protecting the supply chain as well as reducing dependence on China.

Japanese enterprises are shifting their way to Southeast Asia

Real estate in the coastal areas supports the market

www.vir.com.vn Mr. Terence Alford, Director of Colliers Vietnam's Capital Market and Investment Services Department said that in recent years, many housing projects are planned to provide thousands of apartments for residents as well as workers in Binh Duong. As Ho Chi Minh City becomes increasingly crowded and developed, the rise in residential land prices as well as the rise in selling and renting prices prompted real estate developers to start looking for alternative locations to increase prices.

Real estate in the coastal areas supports the market

Banks cut home loan interest rates will assist in stimulating demand for new home mortgage loans and existing home loan refinancing

www.tinnhanhchungkhoan.vn Reducing interest rates for homeowner mortgage loans will assist in stimulating demand for new home mortgage loans as well as existing home loan refinancing. A knock on effect of a reduction in interest rates usually leads to end user prices increasing. This monetary policy combined with both domestic and international demand for new build housing in Vietnams main Cities of HCM and Hanoi coupled with limited supply will ensure residential land values wonâ&#x20AC;&#x2122;t reduce in the short to medium term.

Noi Bai airport may have capacity double to 63 million passengers by 2030

www.hanoitimes.vn The current designed capacity of the airport does not meet the annual growing volume of air passengers. The already overloaded Noi Bai International Airport on the outskirts of Hanoi have its annual capacity increased to 63 million passengers and two million tons of cargo by 2030 to meet the growing demand, according to a proposed plan of the Civil Aviation Authority of Vietnam. The airport is projected to serve both civil and military purposes and capable of handling large long-haul aircraft such as B777-X, B747- 8, B777-300ER and A380. colliers.com/vietnam

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

Colliers News Housing interest rates sharply decreases www.zingnews.vn Housing interest rates for home loans at commercial banks had a strong downtrend since the secod half of July due to low demand. Home mortgage interest rates from retail and international banks in Vietnam decreased slightly by 0.2-0.5%. According to Terence Alford, Director of Capital Markets and Investment Services at Colliers Vietnam housing market needed short-term support.

Housing interest rates sharply decrease

Demand for factories in Binh Duong is still increasing

www.doanhnhansaigon.vn Only Binh Duong province, Ms. Nhu Khuong - Senior Research Assistant, Colliers International said: "Binh Duong province is setting a target to attract more high-tech and sustainable industries in the future. However, with its reasonable supply and competitive rents, Binh Duong still has a high appeal to traditional industries such as apparel and FMCG. Built-in factory model in Binh Duong has many potentials, especaially for tenants, who want to design and build a warehouse suitable for their use purpose."

Ms. Nhu Khuong - Senior Research Assistant

Japanese businesses keen to expand operation in Vietnam

www.vov.vn A survey recently carried out by the Japan External Trade Organization (JETRO) indicates that 41% of Japanese companies are considering expanding their operations in Vietnam over the next three years, a 5.5% rise from a year earlier. The survey, which was originally conducted in November and December, 2019, reached out to 9,975 Japanese firms that are strongly interested in business and investment overseas, of which 3,562, equivalent to 35.7%, responded.

Fruit exporters seek new markets to survive pandemic

www.vietnamnews.vn Chanh Thu Fruit Import and Export Company Limited in Ben Tre Province continues to operate normally despite the resurgence of COVID-19 since it has shifted to new export markets instead of overly depending on traditional ones like China. Ngo Tuong Vy, its deputy director, said exports of frozen durian have increased by more than 30 per cent.

Thailand, Indonesia stand as Vietnam major car exporters in July

www.hanoitimes.vn In July, Vietnam imported nearly 4,800 cars worth US$108 million, up 34% month-on-month in volume and 10% in value. Thailand and Indonesia continued to be Vietnam’s major car exporters, making up 76% of the latter’s combined imported cars, according to the General Department of Vietnam Customs (GDVC).

colliers.com/vietnam

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

Deutsche Bank names Huynh Buu Quang as its Chief Country Officer Vietnam

www.vietnaminsider.vn Deutsche Bank has a long track record in providing corporate finance and advisory solutions to Vietnamese corporates. Deutsche Bank today announced the appointment of Vietnamese banker, Huynh Buu Quang, as Acting Chief Country Officer (CCO) Vietnam. The appointment is subject to State Bank of Vietnam final approval, according to the bank’s statement.

Seafood exports increase after EVFTA comes into effect

Deutsche Bank names Huynh Buu Quang as its Chief Country Officer Vietnam

www.vietnamnews.vn The Viet Nam Association of Seafood Exporters and Producers (VASEP) has said that seafood exports to Europe have seen many positive signs since the EU-Viet Nam Free Trade Agreement (EVFTA) came into effect at the beginning of this month. The number of orders in the European market alone since the beginning of this month has increased by about 10 A shrimp processing plant in Kien per cent compared to last month, specifically, for shrimp and squid. Giang Province

Vietnam to order up to 150 million doses of Russian COVID-19 vaccine

www.vietnaminsider.vn Vietnam will order up to 150 million doses of a coronavirus vaccine Russia has approved this week, with one proportion of the number to be donated by the Russians, according to information released at a meeting of the National Steering Committee for COVID-19 Prevention and Control in Hanoi on Friday. Acting Minister of Health Nguyen Thanh Long revealed at the meeting that Vietnam would place an order for the Sputnik-V jab. President Vladimir Putin said on Tuesday that Russia had become the first country in the world to grant regulatory approval to a COVID-19 vaccine, Reuters reported.

Vietnam c.bank reportedly buys in US$2 billion past weeks

www.hanoitimes.vn The State Bank of Vietnam (SBV), the country’s central bank, is reportedly to have bought in nearly US$2 billion in recent weeks to increase its foreign exchange reserves, according to Bao Viet Securities Company (BVSC). This resulted in more than VND46 trillion (US$2 billion) being pumped into the economy. Meanwhile, the SBV did not plan to withdraw the dong through treasury bills, as a result, the system’s liquidity remains abundant, stated the securities firm. “We believe that in order to stabilize liquidity and create more rooms for commercial banks to cut lending rates, the SBV may not intervene in the open market in the short term,”

Binh Dinh alters foreign investment attraction plan with two new projects

www.vnexpress.net The central province of Binh Dinh has proposed adjusting two of the projects calling foreign investment capital this year, including a high-end hospital and an automobile manufacturing plant. Notably, Binh Dinh has proposed the Ministry of Planning and Investment to add the $15 million high-end hospital with 300 beds located in Nhon Hoi Economic Zone. The second project is a $250-million automoblie manufacturing plant with the annual capacity of 30,000-50,000 units located in Becamex Binh Dinh Integrated Township and Industrial Park. Furthermore, the province has ample land fund for developing plants to manufacture parts and components for the automobile industry. colliers.com/vietnam

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

Colliers News Significant impact from the proposal to grant ownership of resort real estate to foreigners www.vietdaily.vn Mr. Gavin M. Gross - Director of Hanoi Office, Colliers International, shared about this: “Looking positively and strategically, this stage is “difficulties create opportunities ”. The locals are looking to buy back these hotel properties at a discounted price. Besides, the recent proposal of the Ministry of Construction on granting the ownership of resort real estate to foreign investors can have a significant impact on the real estate market in Vietnam in the long run. If this regulation does well and is beneficial to the economy, it will set a precedent for increasing foreign ownership in other real estate sectors. This trend will continue until the social gap is removed and it will take a long time for the fill rate to return up to 80%.

Significant impact from the proposal to grant ownership of resort real estate to foreigners

Logos Property enters Vietnam market with a $350 million joint venture www.vietnaminsider.vn Logistics development specialist Logos Property has entered the Vietnam market with a $350 million joint venture with an unnamed global institutional investor, according to an announcement by the Sydney-based firm today. The ARA Asset Management-backed warehouse builder and fund manager, together with its partner, plans to develop a portfolio of logistics facilities across Ho Chi Minh City, Hanoi and the Greater Danang area, Logos co-founder and managing director Trent Iliffe told Mingtiandi in an exclusive interview.

Vietnam’s Techcombank names new CEO

www.vnexplorer.vn The appointment became effective the same day, Techcombank said in a statement. Lottner brings more than 28 years of experience in financial services with leading organizations such as McKinsey and BCG, and has spent more than two-thirds of his career in Asia.

Six Vietnamese firms in Forbes Asia’s Best Under A Billion list

www.vnexpress.net Two property developers are among six firms from Vietnam to make it to Forbes Asia’s Best Under A Billion list. The 2020 ranking, which honors 200 small and mid-sized listed companies in the Asia-Pacific region with revenues of between $10 million and $1 billion, includes real estate developers Phat Dat Real Estate Development JSC (PDR) and Century Land JSC (CRE).

Competitive factors help Vietnam become a destination for foreign businesses

www.baomoi.com Political stability, promising economic growth, not to mention that Vietnam has participated in a series of new-generation free trade agreements, and most recently the Vietnam Free Trade Agreement - The European Union (EVFTA) - has helped Vietnam become a new destination for foreign businesses.(EVFTA) colliers.com/vietnam

Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers Internationalâ&#x20AC;&#x2122;s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers News Vietnam becomes the next investment destination from Japan www.en.cand.com.vn "The Vietnam IP / Industrial property market should clearly see more demand from Japanese companies over the next 6 to 12 months as a result of the Japanese Goverment initiative and funding commitment". Terence Alford - Director of Capital Markets & Investment Services | Colliers International Vietnam said.

Vietnam becomes the next investment destination from Japan

Factors to help Vietnam become the next investment destination from Japan www.dautubds.baodautu.vn Mr. Terence Alford - Director of Capital Market & Investment Services | Colliers International Vietnam shared: "The Vietnam IP / Industrial property market should clearly see more demand from Japanese companies over the next 6 to 12 months as a result of the Japanese Goverment iniative and funding commitment.

Factors to help Vietnam become the next investment destination from Japan

Single power price to be applied when thereâ&#x20AC;&#x2122;s a competitive retail market

www.vietnamnet.vn The Minister of Industry of Trade Tran Tuan Anh has decided to withdraw the suggested plan to allow consumers to choose to pay electricity bills with either a multi-level or single-level price mechanism. The electricity single-price mechanism designed by the Electricity Regulatory Authority (ERA) under the Ministry of Industry and Trade (MOIT) has raised controversy.

Attracting foreign investment needs a new way

www.vnexplorer.net This information initially eased the burden of anxiety, in the context of a very difficult economy, and Samsung was the largest foreign investor in Vietnam with a total investment of over 17.3 billion USD. Not only making a big economic contribution, Samsung Vietnam is also creating stable jobs for 130,000 employees. But it is true that India is touting giant tech corporations with great deals ever.

Vietnam should not allow foreigners to own condotels: HOREA

www.vietnamnet.vn With warnings from the Ministry of National Defence and Ministry of Public Security, the HCM City Real Estate Association (HOREA) believes that it is not the right time to allow foreigners to owns condotels and tourist villas. HOREA, reviewing sales of real estate products to foreign individuals and institutions in the last five years (2015-2020) by 17 large real estate firms, estimates that the transactions of the 17 firms accounted for 70-80 percent of total transactions with foreigners, about 14,800-16,000 products. colliers.com/vietnam

Colliers News Farmer-style tourism: a new trend in Southeast Asia www.sagontiepthi.vn Agricultural tourism includes a variety of activities such as farming, raising cattle, visiting the farm and taking cooking classes. In addition to providing rustic experiences, agricultural tourism also brings many benefits to local residents. According to tourism experts, natural tourist destinations will quickly become popular, leading to the development of ecotourism and community. Christopher Lund, Head of the hotel system at Colliers International, a global real estate and investment management company, said: “In the past five years, many people are interested in ecotourism, agro-tourism, and discovery. These types are also suitable for social distancing. You will come close to nature, have new experiences ”.

Farmer-style tourism: a new trend in Southeast Asia

Government agencies, localities to return $271mln in unused funds

www.vnexpress.net Eighteen agencies and localities have asked to return over VND6.3 trillion ($271 million) they’ve not used for public projects to the state exchequer. Nearly 95 percent of this money is sourced from foreign aid and loans, according to a report released Friday by the Ministry of Planning and Investment. Over 28 percent of the sum, or VND1.8 trillion, is from the Ministry of Agriculture and Rural Development.

Banks rush to apply modern technologies in digital transformation

www.bizhub.vn The trend of integrating modern technologies in the banking industry has been indispensable to meet customers’ requirements for convenience in the Fourth Industrial Revolution era, especially in the context of the re-outbreak of the COVID-19 pandemic. In the finance and banking industry, customers always want to experience good quality services with simplicity and convenience. Nobody wants to wait for hours at transaction offices just to perform simple tasks such as opening or closing an account. In addition, as the pandemic returned, many people now choose to self-service at home.

Two stakeholders divest from construction giant Vinaconex

www.vnexpress.net Two major stakeholders have announced that they have divested their entire stake, totaling 29 percent, in construction giant Vinaconex. Ho Chi Minh City-based Cuong Vu Real Estate sold its 21.28 percent stake in Vinaconex on August 13 and 14; while Hanoi-based investment firm Star Invest divested its 7.57 percent stake on the same days. Both companies sold their stake via put-through orders on the Hanoi Stock Exchange. The total value of the deals was over VND2.5 trillion ($108 million). Hanoi-based construction firm An Quy Hung remains the largest stakeholder in Vinaconex with a stake of nearly 58 percent.

colliers.com/vietnam

Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers Internationalâ&#x20AC;&#x2122;s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers News Vietnam becomes the next investment destination from Japan www.en.cand.com.vn Terence Alford - Director of Capital Markets & Investment Services | Colliers International in Vietnam said: â&#x20AC;&#x153;The Vietnam IP / Industrial property market should clearly see more demand from Japanese companies over the next 6 to 12 months as a result of the Japanese Government initiative and funding commitment.

Vietnam becomes the next investment destination from Japan

EVFTA - "Incentives" to help Vietnam recover quickly after COVID-19

www.chatluongvacuocsong.vn Mr. Terence Alford, Real Estate Investment adn Development specialist of Colliers International, stated that Japanese enterprises continued to choose Vietnam as an investment destination. Due to the effect of COVID-19 and US-China trade tensions, Japanese financial institution and businesses find Vietnam to be an attractive and stable new destination to set up new companies as well as shifting from China.

EVFTA - "Incentives" to help Vietnam recover quickly after COVID-19

Railway company to operate more trains on HCMC-Nha Trang route

www.thesaigontimes.vn Saigon Railway Transport JSC will operate more trains on the route connecting HCMC and Nha Trang City from August 27 to September 6 to meet the high travel demand on the occasion of National Day on September 2. On the HCMC-Nha Trang route, the company will put train SNT4 into service on August 27 and train SNT2 on August 28 and September 3 and 4.

Uniqlo to open two more stores in Hanoi

www.vietnaminsider.vn The two stores will be located at Vincom Center Metropolis and Aeon Mall Long Bien, Uniqlo said on Monday. Both are prime locations in Hanoi, promising to expand the brand in Vietnam with the LifeWear apparel. Osamu Ikezoe, general director and chief operating officer of UNIQLO Vietnam, said that its products can meet the daily needs of the people in the Vietnamese capital.

Hospitality turns heads of Japanese investors

www.vir.com.vn At the afternoon in a weekend of early-August, Tran Quang Hoi, director of Ecobuy, a consultant firm specialising business plan control and M&A support for Japanese partners, was constantly chatting with overseas clients looking for investment opportunities in Vietnam, even amidst the difficulties caused by the COVID-19 pandemic.

colliers.com/vietnam

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

Hanoi aims to become a modern industrial city by 2030

www.hanoitimes.vn With a vision to 2045, Hanoi will become a modernized and industrialized city in the region and the world, and an information technology hub of Vietnam. Hanoi has set the target of becoming an industrialized and modernized city by 2025 and a modern industrial metropolis by 2030, Hanoimoi reported.

Vietnam to increase financial support for boosting Ho Chi Minh City economy for first time in 18 years

www.vietnaminsider.vn Vietnam plans to provide Ho Chi Minh City with increased financial support to boost the southern commercial hub’s economy to help the country cope with the effects of the coronavirus pandemic. The central government is preparing to approve a new 10-year plan to take effect from next year that will allocate an increased budget to the metropolis to entice more foreign investment.

HCMC opens door to U.S. investors

Workers produce electronic products for exporting at Canon Vietnam Co., LTD.

Vietnam to increase financial support for boosting HCM City economy for first time in 18 years

www.sggpnews.org.vn The HCMC - U.S. Business Summit: Driving Partnership and Innovation for the Future marking the 25th anniversary of US-Viet Nam diplomatic ties opened in HCMC on August 25.Attending at the meeting were Secretary of HCMC Party Committee Nguyen Thien Nhan, Chairman of the municipal People's Committee Nguyen Thanh Phong, Deputy Chairman of the City People's Committee Duong Anh Duc, Ms Marie C. Damour- U.S Consul General in Ho Chi Minh City, along with Vietnamese and American businesses. The live online event also saw the attendance of US Ambassador to Vietnam Daniel J. Kritenbrink in Hanoi and top tech leaders from the San Francisco Bay Area, and Singapore..

Vietnamese moving away from e-commerce websites, adopting shopping apps: white book

www.tuoitrenews.vn Vietnamese consumer behavior is shifting from traditional online shopping to e-commerce mobile applications, according to Vietnam’s E-commerce White Book 2020. The Vietnam eCommerce and Digital Economy Agency (IDEA) under the Ministry of Industry and Trade (MoIT) released its E-commerce White Book 2020, a report detailing the country’s latest consumer trends, via its web portal on July 30. According to the document, Vietnam’s retail e-commerce sales amounted to US$10.08 billion in 2019, making Vietnam the third fastest growing e-commerce market in Southeast Asia.

Local real estate remains attractive proposition for foreign investors

www.vietnamnews.vn The first seven months of the year witnessed foreign direct investment (FDI) into Vietnamese real estate stand at US$2.8 billion, according to figures released by the Ministry of Planning and Investment. Most notably, the Ministry of Construction state that the novel coronavirus epidemic has negatively affected both the global and national economies. Indeed, several firms have faced numerous difficulties with their production and business activities stalling amid tough times.. colliers.com/vietnam

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

Colliers News How a drop in interest rates affects the real estate market? www.realtimes.vn

According to Mr. Terence Alford - Director of Capital Markets & Investment Services, Colliers Vietnam, a sharp drop in interest rates will help stimulate demand for new mortgages and refinance home loans. Commenting on the nature of the interest rate reduction. Colliers representative said that the mortgage interest rate in Vietnam from retail and international banks operating in Vietnam decreased slightly, by about 0.2% to 0.5% as of July 2020.

How a drop in interest rates affects the real estate market

Apartment prices in Ho Chi Minh City increased slightly due to supply shortage

www.baotintuc.vn Mr. Terence Alford, Real Estate Investment and Development specialist of Colliers International, said that the demand for housing absorption increased in the second quarter of 2020 due to the sharp drop in interest rates, in order to stimulate demand for new home mortgages and refinance home loans. This was also the target to boost credit growth in the context of low capital demand for production and business activities due to the effects of the COVID-19 epidemic.

Appartment prices in Ho Chi Minh City increased slightly due to supply shortage

Project to establish Thu Duc City to be urgently finished

www.sggpnews.org.vn The Office of Ho Chi Minh City (HCMC) People’s Committee has just issued a formal document to announce the direction of Chairman of HCMC People’s Committee Nguyen Thanh Phong as to implementing the final decision of Permanent Deputy Prime Minister Truong Hoa Binh about piloting smart city governmental model in HCMC and forming Thu Duc City.

Malaysian investor presence intensifies

www.vir.com.vn Buoyed by Vietnam’s huge potential and visible growth, Malaysian investors are keen to beef up investment activities in Vietnam. Tan Sri Dr Lim Wee Chai, executive chairman of Top Glove Corporation Bhd, told VIR that the company is building its first glove factory in Vietnam at Bau Bang Industrial Zone (IZ) in the southern province of Binh Duong. Estimated capital expenditure for phase 1 (which consists of blocks 1 and 2) is about $70 million, while the factory’s annual initial production capacity is approximately 4.8 billion gloves from its 20 production lines. colliers.com/vietnam

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