Vietnam Monthly Real Estate News Accelerating success. August 2022
colliers.com/en-vn 2 For further information, please contact us: Our offices: Ho Chi Minh City Deutsches Haus HCMC, 3rd Floor 33 Le Duan Blvd, Ben Nghe Ward District 1, HCMC, Vietnam Hanoi Epic Tower, 3rd Floor 19 Duy Tan Street Nam Tu Liem District, Hanoi, Vietnam Cambodia 93 SI Building, Preah Sihanouk Sangkat Chaktomok, Khan Doun Penh Phnom Penh, Cambodia David Jackson About+84david.jackson@colliers.vnCEO2838275665Colliers Colliers is a leader in global real estate services, defined by our enterprising spirit. 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 create a collaborative environment throughout our organ ization that is unsurpassed in the industry. With 2 offices in Vietnam, we have a team of professionals who are market-driven and have a proven and successful track record with both international and local experience. 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. Our Services Whether you are a local firm or a global organization, we provide creative solutions for all your real estate needs.Capital Markets & Investment Services Corporate Solutions Office Services Industrial Services Retail Services Residential Sales & Leasing Asset FacilitiesServicesManagementManagement Project Management Project Sales & Marketing Valuation & Advisory Research & Advisory Own & Invest Manage Your Lease Develop & Manage Your Property $4.5B $53,000 63 2B $81B 17,000 AnnualtransactionsLease/revenuesale SquareCountriesfeetmanaged Assets Professionalsmanagementunder
The Ministry of Construction announced real estate prices in Da Nang www.plo.vn
Investors are increasingly keen to hold quality assets as a hedge against macro uncertainty, with commercial and industrial segments driving performance across the region in Q2/2022. Colliers News
A social housing project in Binh Chanh district, HCMC.
The Ministry of Construction has just issued Circular 123 announcing information on housing and real estate market in the second quarter of 2022 in the whole country. It also announced the prices of many real estate segments in Da Nang for sale. Not happening: Hanoi's second metro to miss 2022 deadline www.vnexpress.net
Key Asia Pacific markets sustain robust performance despite headwinds
Plan to build 1 million social housing units to benefit low-income people www.phapluat.vn
Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Prime Minister asked Ministry of Construction to revise a plan on building a million houses for low-income people by 2030 with solutions to tackle challenges on laws and planning, submitted in August.
Key Asia Pacific markets sustain robust performance despite headwinds www.markettimes.vn
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Lending interest rates in the remaining months of this year will stay relatively stable to help firms recover production after the pandemic. This is thanks to the 2-per-cent interest rate support package and banks’ measures to cut input costs, according to Dr Hoàng Văn Cường, vice president of the National Economics University. The Government in May this year issued Decree No. 31/2022/NĐ-CP on interest rate support from the State budget for loans of enterprises.
The Nhon-Hanoi Station metro line, scheduled to have its elevated section running by the end of this year, will miss the deadline, its managers have said. The Nhon depot construction is less than 80 percent complete and the line’s consortium of sponsors, including the Asia Development Bank, the French Development Agency and the French Treasury, said in a recent letter to the Vietnamese government that completing the elevated section by the of 2022 "seems no longer practical." Lending rates expected to be stable thanks to State support package www.vietnamnews.vn
Eight new points of the Land Law 2022 www.cafeland.vn
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According to the Ministry of Construction, data shows that the supply of commercial housing in the second quarter of 2022 has not improved, especially the number of newly licensed projects is only about 42% compared to the same period in 2021.
Looking for potential investment areas in the real estate market in the East of Ho Chi Minh City
Ministry of Construction: Selling prices of landed property and condominium halted www.laodong.vn
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The Ministry of Construction said that up to now, the whole country has completed 301 projects of social housing in urban areas, housing for workers in industrial zones, with a scale of nearly 156,000 units. The supply of newly licensed housing is only 42% compared to last year www.zingnews.vn
More than 454,000 affordable social housing units are under construction www.zingnews.vn
The "affordable" price resonates with the "leverage" of the infrastructure cause many real investors and buyers moving to Cat Lai, "hunting" potential products that are still in a reasonable price range. Recorded in Cat Lai, in recent years there seems to be no new projects and most real estate transactions are buying and reselling. "Apartment projects with prices ranging from VND 2-5 bil/unit, suitable for the pocket of many customers along with the support from banks, have received a lot of attention.", Colliers Vietnam pointed out. News
Looking for potential investment areas in the real estate market in the East of Ho Chi Minh City www.cafef.vn
According to Release No.123, in H1/2022 real estate market recorded a short new supply across all segments, transactions slowed down and focused on mid-end apartments, townhouses, and bare lands.
On June 16, 2022, the Central Executive Committee issued Resolution 18-NQ/TW on the program "Continuing to innovate and perfect institutions and policies, improve the effectiveness and efficiency of management and use land, creating a driving force for our country to become a high-income developed country". In which, there are 8 notable new points about land policy.
Ministry of Construction: Selling prices of landed property and condominium halted
Vietnam’s Real Estate Highlights is the summary which features the updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
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colliers.com/en-vn 6 Daily Real Estate News Highlights Top Daily Updated Real Estate News Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.Suggesting
Colliers' market research also shows that many large investors are considering the F&B industry as it is one of the most successful retail segments in Vietnam. In addition to the positive growth indicators and forecasts of the F&B industry, a supply chain along with the source of raw materials, production machinery, packaging and preservation, payment, digital technology and logistics, etc. are very important between the manufacturer and the purchaser. News
This year's exhibition attracts 350 businesses from 18 countries and
to eliminate the option of paying in cash for 20% of land fund to save spaces for social housing www.tienphong.vn
HOREA proposed 14 solutions to develop social housing. By eliminating the option of paying in cash for 20% of land fund, developers must include 20% of social houses in project's total units. Hanoi is busy with land auctions again, the periphery sets a new price record www.tienphong.vn
The real estate market began to restructure post-pandemic, opening opportunity for foreign companies to enter through M&A deals with domestic developers, who are more active to relieve capital pressure. Many "big men" want to invest in the food and beverage industry in Vietnam www.plo.vn
HCMC'sterritories.housingnew supplies: High-end made up over 80%, affordable segment recorded zero
Many districts in Hanoi have begun to massively auction land again, with a winning margin of tens of billions of dong compared to the starting price and set a new price record, but experts say it's necessary to be careful with this, as well as interest in land use efficiency after the auction. Me Linh District Land Fund Development Center has cooperated with Hop Danh Auction Company to successfully organize the auction of 33 land lots at Point X1, residential group No. 2, Chi Dong town. Accordingly, all 33 land lots were successfully auctioned, earning nearly 226 billion VND, nearly 100 billion VND difference compared to the starting price. HCMC's housing new supplies: High-end made up over 80%, affordable segment recorded zero www.phunuonline.com.vn
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According to Colliers' assessment, in March, Vietnam was a bright investment destination for the food and beverage (F&B) industry compared to neighboring Southeast Asian countries.
Industrial realty stocks recovered quickly, boosted by growing rent demand.
Long An proposes widening HCMC-Trung Luong expy www.english.thesaigontimes.vn
In the long term, Mr. David Jackson, CEO of Colliers Vietnam, said that Cu Chi and Hoc Mon real estate had a lot of potential for price increase in the future for various reasons. Firstly, the land fund in these two localities was still large and the price level was still low compared to other areas of HCMC. Secondly, the infrastructure here was being invested and developed with many large-scale projects, capable of connecting inter-regional and with the Cambodian market. Thirdly, the fact that more and more investors came to Hoc Mon and Cu Chi would contribute to speeding up the development momentum of these localities.
Mr. David M. Jackson Chief Executive Officer Colliers Vietnam Khai Quang Industrial Park in Vĩnh Yên City, Vĩnh Phúc Province.
Colliers News
The government of Long An Province yesterday, August 1, proposed the Government consider developing the second phase of the HCMC-Trung Luong Expressway by adding four more lanes to ease traffic overload on the road. The phase-one expressway has a total length of 61.9 kilometers, with the section passing through Long An nearly 23 kilometers long. The phase one cost almost VND10 trillion in investment funded by the State budget, with six lanes including two emergency lanes. The road has become overwhelmed as over 50,000 vehicles use it a day. Abolition of land price bracket 'will boost project progress' www.vnexpress.net
Industrial realty stocks remain attractive in the second half of 2022 www.vietnamnews.vn
colliers.com/en-vn 7 Daily Real Estate News Highlights Top Daily Updated Real Estate News Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
When the land price bracket is removed, the compensation for acquired land will be close to the market, speeding up site clearance and project progress, according to experts. The draft revised Land Law is being consulted by the drafting agency, the Ministry of Natural Resources and Environment. The bill abolishes the land price bracket and moves to determine the land price in line with the prevailing market price. Provincial People's Committees shall develop and submit to the People's Councils of the same level for approval the land price list and price fluctuation adjustment coefficient before promulgation.
SSI's expert said that the stock market witnessed a divergent and circulated cash flow between industry groups in H1/2022.
The latest developments of the land plot market in Hoc Mon, Cu Chi, Can Gio www.cafef.vn
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colliers.com/en-vn 9 Daily Real Estate News Highlights Top Daily Updated Real Estate News Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Many prestigious international organisations and experts have highly valued Vietnam’s development achievements and prospects, Prime Minister Pham Minh Chinh told a government meeting in Hanoi on August 3. Real estate giants join to quench the 'thirst' for affordable housing www.vnexpress.net
Since the beginning of this year, Hung Thinh Group, Vingroup, Novaland ... in turn announced the construction of hundreds of thousands of social housing, affordable housing. Vingroup has just announced a plan to build 500,000 apartments, Novaland also said that it received the task of investing in building 200,000 apartments in the southern provinces and cities, focusing on Ho Chi Minh City. Other businesses such as Him Lam, Sun Group, Bitexco... also said they are ready to participate in the goal of completing millions of social housing by 2030.
Building permits get confusing due to regulation on the setback www.thanhnien.vn
Int’l organisations upbeat on Vietnam’s development prospects: PM www.vir.com.vn
Asia-Pacific real estate markets continue to grow www.kinhtedothi.vn
According to a new Colliers report, Vietnam is considered a safe investment destination while other countries continue to truggle with the limitations of the Covid-19 pandemic. Cities like Hai Phong, Hai Duong and Bac Ninh will still attract foreign investors to invest, so the industrial real estate sector will become more vibrant, especially when traveling between countries is back to normal. The average rental rate of industrial land in these areas is forecast to increase by at least 10% by the end of this year. Colliers News
HCMC townhouse rents fall as big firms vacate www.vnexpress.net
At the end of 2021, the People's Committee of Ho Chi Minh City issued Decision No. 56 on architectural management regulations, replacing regulations in the field of urban architecture management previously issued by the City People's Committee. However, since its issuance until now, this decision has revealed many inadequacies, causing difficulties and damage to people.
The retail space is "hot" again, the price is silently increasing
An aerial view of townhouses in downtown HCMC.
HCMC townhouse rents dropped by 30-40% after big F&B and retail firms left recently. Rents at prime locations can decrease slightly to attract new tenants, while where else it may drop significantly.
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The departments of HCMC are reporting to the City People's Committee for approval of the plan, then will publicize the progress and re-auction the land plots in Thu Thiem.
Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
According to Colliers Vietnam, the market has begun to establish a new price level, and especially in the villa and shophouse segment, the demand for Hanoi suburban villas is always in the top most searched, especially in areas with favorable conditions for development and synchronously invested infrastructure like Gia Lam, etc. Information such as removing the land price bracket, regulations to ensure publicity and transparency of project information, tightening of speculative capital flows, as well as for poor quality projects, will facilitate genuine investors. According to Colliers, this is a positive signal because it shows that the market is purifying towards a more sustainable and healthy development in the long term. Colliers News HoREA proposed 6 solutions to recover the real estate market www.vneconomy.vn
Ho Chi Minh City will re-auction land plots in Thu Thiem HCMC will hold an auction of cancelled Thu Thiem land plots again www.tuoitrenews.com
HoREA asked for promoting public land auctions, adjusting land price brackets, relaxing corporate bonds and credits, amending on the second land use right… in a National Conference on 11 August. Samsung plans to invest US$3.3 billion in Vietnam in 2022 www.vietnamnet.vn
The R&D center in Hanoi, scheduled to be completed by late 2022, would be Samsung’s major R&D hub not only in Vietnam but also the whole of Southeast Asia. Samsung is expected to expand investment in Vietnam with an additional fund of US$3.3 billion, along with an export target of US$69 billion from its manufacturing facilities in the country. Samsung’s CEO Roh Tae-Moon mentioned the conglomerate's goals in Vietnam during a meeting with Prime Minister Pham Minh Chinh on August 5.
Advantages of suburban real estate investment
Advantages of suburban real estate investment www.nhipsongkinhte.toquoc.vn
The Meyhomes Capital Phu Quoc project of Tan A Dai Thanh Group has good buying power. Estate features on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Primary prices recorded to increase after new lauching due to rising costs and ambition for big profits. Meanwhile, speculators drop secondary prices as overwhelmed with cash from credit tightening.
“Unlike many other segments, resort real estate in general has not increased in price too much over the past two difficult years. For example, land plot and agricultural land have increased in some places by several tens of percent, while resort villas have only increased in the range of 4% - 5%," said David Jackson. Colliers News Việt Nam's economic growth forecast at 7.5 per cent in 2022: World Bank www.vietnamnews.vn
Highlights is the daily news summary which
Urban real estate in Phu Quoc - cash flow attraction in 2022 www.reatimes.vn
Daily Real Estate News Highlights Top Daily Updated Real Estate News Colliers Vietnam's Real
According to WB, Việt Nam’s GDP growth is forecast to surge from an estimated 2.6 per cent in 2021 to 7.5 per cent in 2022. An independent agency is necessary to manage land prices www.nld.com.vn
There are opinions that if the land price bracket is removed, but localities still build land price lists that do not follow the market, the consequences of the situation of two-price land will still occur. The draft Land Law (amended) has been published and is being consulted by the people before submitting to the National Assembly in October 2022 with many notable new contents. In which, removing the land price bracket is considered a breakthrough solution. Real estate market in the South of Ho Chi Minh City. Reasons why primary prices are increasing while secondary prices dropped www.vnexpress.net
the latest updates
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Commenting on the "price wave" of resort real estate, Mr. David Jackson - CEO of Colliers Vietnam, said: "With Vietnam's reopening international routes, the tourism industry has found a "bright door" and is gradually becoming active again, the resort real estate segment is also gradually "warming". There are many factors for investors to believe in a new growth cycle of resort real estate."
Many investment deals in the field of industrial real estate
Vietnam's industrial real estate market recorded many positive signals after Vietnam reopened international routes. However, the increase in rental rates is worrying many experts. According to Colliers, rental rates in industrial park hubs such as Bogor-Sukabumi, Tangerang and Bekasi in Indonesia, on average, range from USD 157 to USD 295 per square meter per rental cycle, 42-51% higher than the average rental rate of industrial park hubs in Vietnam such as Binh Duong, Dong Nai, Bac Ninh and Hai Phong. Colliers News
'Eagle' lands, experts warn of danger www.vietnamnet.vn
PM Pham Minh Chinh requested the Ministry of Natural Resources and Environment to urgently complete the National Land Database, soon provide online public services related to the land sector to serve people and businesses. Earlier, he said the implementation of the National Land Database was slow. The connection and sharing of data still have many limitations, obstacles, inefficiencies, and have not formed a seamless and interconnected system. US$31.3 billion allocated for key infrastructure projects must be used efficiently: PM www.vietnamnews.vn
The absence of real estate bonds issued in Jul www.zingnews.vn Only 1 real estate business issued bonds in July. Compared to the value of VND10,832 trillion y-o-y, newly issued corporate bonds in real estate sector have decreased by 98%.
On August 10, the Government Office issued a notice on the conclusion of PM Pham Minh Chinh on promoting the development of social housing for workers and low-income people. In particular, the PM requested the formulation and approval of "Project on investment and construction of at least 1 million social housing apartments for low-income people and industrial park workers (period 2021-2030)".
Localities with developed infrastructure like Hải Phòng, Quảng Ninh, and Thanh Hoá will experience strong growth, PM Chính noted.
By 2030, at least 1 million social housing apartments must be completed www.cafef.vn
colliers.com/en-vn 12 Daily Real Estate News Highlights Top Daily Updated Real Estate News Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Prime Minister requested a quick completion of the national land database www.thesaigontimes.vn
Govt' prioritizes more than VND7,000 billion to invest in 4 key transportation projects in Vinh Long www.vneconomy.vn
The government prioritizes allocating VND 7,187 billion to invest in 4 projects in Vinh Long province by 2025, including upgrading National Highway 57, National Highway 53, My Thuan 2 bridge project and My Thuan - Can Tho highway...
According to Colliers' assessment in March, Vietnam is a bright investment destination for the F&B industry when compared to neighboring Southeast Asian countries. Colliers' market research also shows that many large investors are considering the F&B industry as it is one of the most successful retail segments in Vietnam.
Technology equipment for processing, packaging in the F&B industry ascends the throne www.congthuong.vn
Da Nang Port proposes to invest in Lien Chieu Port with an operation term of 70 years www.tuoitre.vn
Da Nang city is implementing a plan to build Lien Chieu port as a cargo port to meet the increasing demand for sea transportation. At the same time, there is a roadmap to transfer the function of Tien Sa seaport (operated by Da Nang Port Joint Stock Company - the investor and being operated) from the current cargo port to the tourist port. HCMC and localities prepare to deploy 200km length of Ring Road 4 www.plo.vn
The Chairman of Ho Chi Minh City People's Committee has just issued a Decision on assigning the task of preparing for the implementation of the Ho Chi Minh City Belt 4 project, the section crossing the Saigon River Bridge and the Thay Cai Canal. Ben Luc-Long Thanh Expressway expected to re-construct in Q3/2022 www.thesaigontimes.vn
Technology equipment for process ing, packaging in the F&B industry ascends the throne
Design of Nhon Trach bridge
Ministry of Construction announced that Ben Luc-Long Thanh Expressway will be resumed in Q3. Started in 2014 and expected to complete in 2018, the project missed deadline and delayed construction since 2019
colliers.com/en-vn 13 Daily Real Estate News Highlights Top Daily Updated Real Estate News Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News
Commenting to Markettimes, Mr. David Jackson - CEO of Colliers Vietnam said that M&A activities were the key to the "win-win" problem of the real estate market. "For traders who are foreign, domestic investment funds or large developers, M&A is a fast and effective growth strategy to optimize portfolio and strengthen financial capacity. It can be said that M&A activities are expected to be the key to solving the win-win problem for the real estate market, meanwhile, it becomes a driving force to make the real estate market more vibrant in the coming time.", said CEO of Colliers Vietnam.
M&A, the solution to the "win-win" problem of the real estate market www.markettimes.vn
Colliers News
Vietnam is 1 of 4 emerging markets contributing to the company's success in Q2/2022. The tech giant's strategy is to use smartphone models following promotion of other products to expand its presence. Dong Nai expected to start construction of Ring Road 3 - HCM City in mid-2023 www.plo.vn
Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
On August 13, Dong Nai Provincial People's Committee said that it has issued plans to implement the investment project to build Ring Road 3 - Ho Chi Minh City, the section through Dong Nai province. The project is scheduled to start before June 30, 2023 and complete the project after three years. Real estate prices drop at the end of the year www.diendandoanhnghiep.vn
In the recently released real estate market report, the figures from the Ministry of Construction continue to show that the real demand for real estate is still high, despite the "galloping" house prices. The tightening of capital sources into the real estate market continues to cause consequences that make investors' confidence in the year-end price increase uncertain.
M&A, the solution to the "win-win" problem of the real estate market Apple's CEO Tim Cook. Photo courtesy of Apple
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Vietnam a market with highest potential: Apple CEO www.vnexpress.net
Regarding this issue, Mr. David Jackson, CEO of Colliers Vietnam assessed, Vietnam's real estate market had a sustainable growth trajectory as well as the most reasonable price compared to other emerging markets in Southeast Asia. CEO of Colliers Vietnam said that M&A activities would play a key role to "rescue" domestic developers as well as be in line with the psychology of investors who believe in the potential of Vietnam real estate. Therefore, M&A was expected to help the real estate market be more active in the coming time. Colliers News
Mr. David M. Jackson Chief Executive Officer Colliers Vietnam
About to submit to the Politburo the North-South high-speed railway project of more than USD58 billion www.vietnamnet.vn
The Ministry of Transport has just sent a written reply to the voters of Da Nang city regarding the reorganization of the construction, completion and operation of the section from Hoa Lien intersection to Hoa Nhon intersection (Hoa Lien- Tuy Loan) is located in Hoa Vang district. The Ministry of Transport will approve the feasibility study report in August 2022 and implement the next steps to be able to start the Hoa Lien-Tuy Loan project in the first quarter of 2023.
Ministry of Transport: Hoa Lien-Tuy Loan expressway to start construction in Q1/2023 www.vietnamplus.vn
Expectations from M&A transactions in real estate www.congluan.vn
In a recent report to the Steering Committee of National important and key projects, the Ministry of Transport said that it is expected to submit to the Politburo in September for consideration and comments on investment policies for the North - South high-speed railway project. Total investment is more than 58 billion USD, maximum train speed is 320km/h. The project passes through 20 provinces and cities.
Workers' housing – An important key to attracting FDI into industrial zones Workers' housing – An important key to attracting FDI into industrial zones www.cafeland.vn Foreign enterprises investing in Vietnamese industrial parks always pay special attention to the workers' welfare. Secure accommodation & full facilities are the foundation for employees to stick with the business for a long time.
colliers.com/en-vn 16 Daily Real Estate News Highlights Top Daily Updated Real Estate News Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
On August 16, the People's Committee of Ba Ria - Vung Tau province held a workshop to collect opinions on completing the provincial planning period 2021-2030, with a vision to 2050. Attending the conference to contribute ideas include organizations, experts, scientists, managers in many fields such as planning, architecture, policy, environment... Quang Nam expands Tam Ky city, develops into Grade 1 city www.kinhtesaigon.vn
Quang Nam province will merge two districts of Phu Ninh and Nui Thanh into Tam Ky city in the roadmap to turn this city into a Grade 1 urban area. According to this roadmap, Quang Nam province will submit to the National Assembly for consideration and approval the merger project in the second quarter of 2023 and by 2024 to conduct the merger. Studying on land use tax to be calculated in line with market price www.vnexpress.net
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The Eastern ecological urban area offers profitable investment opportunities and sustainable settlement www.qdnd.vn
The Ministry of Natural Resources and Environment is studying the option of not calculating land tax according to the purchase and sale contract but based on the annual market land price list
Colliers
The recent sharing of Mr. David Jackson, CEO of Colliers Vietnam with the press confirmed that the attractiveness of the real estate market came from many factors. For residential real estate, an important driving force was the high real demand stemming from a large young population and rapid urbanization. In addition, it must be mentioned the strong growth momentum of Vietnam's economy and the continuous investment and development of infrastructure. News
On August 15, 2022, the People's Committee of Phu Yen province issued Decision No. 965/QD-UBND approving the investment policy of the housing project at the land lot symbol 6 east of Hung Vuong street (the section from Tran Hao - street number 14), Tuy Hoa city. The project has an estimated total investment capital of not less than VND 826 billion, with the type of housing being mixed-use townhouses. Ba Ria - Vung Tau aims to become a national marine economic cluster www.plo.vn
Phu Yen to hold auction for land use rights of a VND820 billion housing project www.cafeland.vn
Mr. David M. Jackson Chief Executive Officer Colliers Vietnam Minister of Natural Resources and Environment Tran Hong Ha
Experts: capital inflows into the real estate market could reach VND 800,000 billion this year www.nhipsongkinhte.toquoc.vn
Real estate M&A is expected to make the market more vibrant www.reatimes.vn
Talking about these M&A deals, Mr. David Jackson - CEO of Colliers Vietnam analyzed: “Real estate M&A is happening in all segments but most notably in housing projects. For traders who are foreign, domestic investment funds or large developers, M&A is a fast and effective growth strategy to optimize portfolio and strengthen financial capacity. According to the World Bank, Vietnam's economy is recovering rapidly, with GDP forecast to increase from 2.6% in 2021 to 7.5% in 2022. This shows impressive resilience, despite the global uncertainties”.
Conditions for separating land plots in Hanoi city must have an area of at least 30sqm for the central area, and 40sqm for the remaining wards of towns and districts.
Colliers News Hanoi continues to tighten the separation of land plots www.diendandoanhnghiep.vn
According to experts, the total amount of capital released to the real estate market in the first 7 months of 2022 is estimated at about VND 420,000 billion and if it is favorable from now to the end of the year, the whole year figure will fall to about VND 800,000 billion. This is not a small number compared to the entire amount of investment capital for the economy.
Mr. David M. Jackson Chief Executive Officer Colliers Vietnam Hanoi continues to tighten the separation of land plots
On August 16, at the headquarters of the Ministry of Construction, Deputy Minister Nguyen Van Sinh chaired a meeting on the draft Law on Real Estate Business (amended). The scope of regulation of the draft Law includes regulations on housing and construction works; land use rights with technical infrastructure in real estate projects; real estate project transfer; real estate service business; building, managing and using information systems on housing and real estate market; regulate the real estate market and perform the State management of real estate business in the territory of Vietnam.
Real estate information needs to be clearly published www.baoxaydung.com.vn
colliers.com/en-vn 18 Daily Real Estate News Highlights Top Daily Updated Real Estate News Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
The tightening of capital sources in the real estate market continues to cause consequences that make investors' confidence in the year-end price increase uncertain Real estate near industrial zones attracts investors www.baotainguyenmoitruong.vn
The growth of industrial real estate is the driving force that helps the surrounding area's housing prices increase Real Estate Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
The coefficient of adjustment of residential land price in the city to prepare the compensation plan in 2022 is up to 15 times higher than the state price, while the coefficient of agricultural land price is 35 times higher.
Mr. David Jackson - CEO of Colliers Vietnam analyzed that the development of new infrastructure and industrial zones has opened up a lot of opportunities for local socio-economics, thereby it led to the development of the real estate market in such area. Many keen investors often took the lead in areas with new industrial zone development orientations, which were in the early stages of development, and even had investment profit margins that could be many times higher than those in saturated industrial zones. This was also a trend that investors took advantage of to safely drop cash flow in the context of volatility. News
News Colliers
Ring Road 4 in the Hanoi capital area is nearly 86,000 billion VND, started before June 30, 2023 www.laodong.vn
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Colliers
The Department of Transport of Ho Chi Minh City proposed that the People's Committee of Ho Chi Minh City report to the Prime Minister the investment plan to expand the Ho Chi Minh City - Trung Luong Expressway in the form of PPP and assign it to a locality where the expressway passes to act as a competent agency to implement. Land in HCMC is compensated up to 15 times the government price www.vnexpress.net
The Ring Road 4 - Hanoi Capital Area project has a preliminary total investment of nearly 86 trillion VND. Prepare to invest, implement the project from 2022, basically complete in 2026 and put into operation from 2027. Real estate prices drop at the end of the year www.diendandoanhnghiep.vn
Economy report: global ‘perfect storm’ darkens Vietnamese skies www.thesaigontimes.vn
Real estate prices drop at the end of the year
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Mr. Nguyen Van Tham, Chairman of the People's Committee of Phu My town, has just said that the town has established 4 working groups to support the implementation of the Bien Hoa - Vung Tau expressway project phase 1, the section through the area with the length about the acquired land area is about 214ha and it is expected to acquire the land of more than 1,100 households.
The detailed planning of 4 resettlement areas serving the Can Tho - Ca Mau expressway project passing through Hau Giang province is expected to be completed in August 2022. Social housing for rent: Extremely good but too rare www.plo.vn HCMC Department of Construction's report showed that in the period 2016-2020, the city has 19 social housing projects with nearly 15,000 apartments. These social housing projects, after being built to sell while 80% of workers just need to rent.
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Hau Giang: Detailed planning of four resettlement areas around the expressway project www.vneconomy.vn
15.6km,
Mr. David Jackson, CEO of Colliers Vietnam analyzed: “With Vietnam's reopening international routes, the tourism industry recovered strongly, and the resort real estate segment was also more active. However, unlike other segments, resort real estate in general has not increased much in price over the past 2 years. For example, the segment of land plots and agricultural land in many areas increased by several tens of percent, while resort villas only increased by 4-5%. This will be an advantage for this segment to strongly attract cash flow in the near future.”
Speeding up site clearance for Bien Hoa - Vung Tau expressway project www.sggp.vn
Speeding up site clearance for Bien Hoa - Vung Tau expressway project “Check in” new generation resort products www.tinnhanhchungkhoan.vn
Colliers Vietnam’s Real Estate Highlights is the summary which features the updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Mr. David M. Jackson Chief Executive Officer Colliers (Vietnam)
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With 16 chapters and 237 articles, the draft Land Law (amended) is being widely consulted by the Ministry of Natural Resources and Environment before being submitted to the National Assembly in October 2022.
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Many important changes in land prices and land acquisition according to the amendment of the Land Law www.vietnamnet.vn
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More than 50 suppliers, technology companies and universities attended the first Vietnam Aerospace Industry Forum on August 25 to seek cooperation opportunities with Boeing.
Mr. Marko Walde, Chief Representative of the German Chamber of Commerce and Industry in Vietnam (AHK Vietnam) said that Vietnam is in a really good position where international businesses are looking for a second place to invest outside. China, but still inside Asia.
Ms. Winnie Lam, Chief Operating Officer of Colliers Vietnam, said that foreign investors had always been interested in Vietnam's real estate market, especially the industrial and retail segments. This came from the long-term growth prospects of the Vietnamese economy in general and the real estate market in particular. “There are many Asian investors from countries and territories that are investing heavily in Vietnam such as Korea, Singapore, Japan, Hong Kong (China), etc., showing attractive potential and high investment yield of Vietnam's real estate market compared to other markets in the Asia-Pacific region," said Ms. Winnie Lam.
Ms. Winnie Lam Chief Operating Officer Colliers in Vietnam Mr. Michael Nguyen (right) and Mr. Craug Abler, Senior Director of Supply Chain Asia at Boeing
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The Government Office has just announced the conclusion of Deputy Prime Minister Le Van Thanh on the progress of the Ben Luc - Long Thanh expressway construction project. According to the conclusion, the Ben Luc - Long Thanh expressway has a total length of 57.8km passing through Long An province (2.7km), Ho Chi Minh City (26.4km) and Dong Nai (28.7km). This is an important highway in the region with the goal of helping the socio-economic development of the southern key economic region, especially the Southeast key economic zone. Vietnam is a good investment location that many businesses seek www.baochinhphu.vn
The VND 2,000 billion expressway will become a lever for the Central economy www.zingnews.vn
Real estate M&A takes care of... "first" problem www.tinnhanhchungkhoan.vn
When the Hoa Lien - Tuy Loan expressway is completed, the rural areas of Hoa Vang district will become a new urban area in the northwest with more spacious and modern infrastructure. Boeing wants to develop its supply chain in Vietnam www.vnexpress.net
The Government requested the locality to complete the site clearance of Ben Luc - Long Thanh Expressway www.tuoitre.vn
Real estate in Ho Chi Minh City has a lot of potential with large-scale pro jects like The Grand Sentosa.
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Inadequacies in economic zones in the Central region www.baodautu.vn
With the potential of the digital economy, young population, expanding Internet, supply chain shift is opening new opportunities for logistics fields in Vietnam. In the past week, many newspapers have assessed the prospects and challenges of logistics and smart rural areas in Vietnam. Vietnam's digital economy market amounted to more than 50 billion USD, bringing great opportunities for the logistics sector. Section of Vietnam’s longest expressway prepares to open www.vnexpress.net
The investment in the construction of economic zones in the Central region still has many shortcomings in terms of planning, such as suspended projects, behind schedule ..., making economic zones unable to attract investors. Potential for the logistics industry in Vietnam www.nhipcaudautu.vn
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Van Don – Mong Cai Expressway is receiving final touches to enter service next week and shorten the traveling time from the Chinese border to Hanoi and Ha Long Bay. The nation's longest expressway, which will run through the northern port city of Hai Phong and Quang Ninh, home to world-renowned Ha Long Bay, will shorten the traveling time from Hanoi to Mong Cai border gate with China from five and a half hours to three hours, and from Ha Long to Mong Cai from three hours to one and a half. Vietnam to make Apple Watch, MacBook for the first time www.vir.com.vn Apple is in talks to make Apple Watches and MacBooks in northern Vietnam for the first time through Luxshare and Foxconn as the US tech giant looks to diversify production away from China. Apple is in talks to make Apple Watches and MacBooks in Vietnam. Investment opportunities from the scenario of increasing real estate prices in Ho Chi Minh City www.zingnews.vn Representative of Colliers Vietnam assessed that Nha Be had a route to be upgraded to the district, leading to the fact that real estate in this area would be bustling in the next period. And in fact, the real estate market in this area had begun to develop with the appearance of many projects with well-invested infrastructure, attracting real buyers and being "busier" in the future. News
Local experts warn of housing bubbles and urge stricter regulations to ensure the capital city's sustainable realty market. Prices of housing segments in Hanoi continue upward trends so far this year, as shown by statistics from trading platforms and foreign real estate agencies. The prices of apartments in the first half of 2022 rose 13% on year though demand fell by 32%. Meanwhile, the prices of villas between January and June rose 37% from the same period last year despite a fall in transactions of up to 72%.
Mr. David M. Jackson Chief Executive Officer Colliers (Vietnam)
Section of Vietnam’s longest expressway prepares to open
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Bac Ninh IPs lure nearly 60 million USD in investment in July www.vir.com.vn
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Housing prices in Hanoi continue to rise www.hanoitimes.vn
David Jackson, CEO of Colliers Vietnam, shared that the macroeconomic situation and major fluctuations in the world, of course, had a certain influence on the psychology of investors. On a global scale, many economies were struggling due to rising fuel prices and supply chain disruptions. As of Q2/2022, global inflation was 7.8%, the highest level since 2008. "For qualified investors, with capital and long-term vision, this will be their opportunity to accumulate real estate and wait for a favorable time to earn profits in the future," emphasized Colliers Vietnam expert. News
Section of Vietnam’s longest expressway prepares to open www.vnexpress.net
Van Don – Mong Cai Expressway is receiving final touches to enter service next week and shorten the traveling time from the Chinese border to Hanoi and Ha Long Bay. Real estate market at the end of the year: An opportunity for experienced investors to "hunt" products with good prices www.cafef.vn
The total newly registered and adjusted investment capital that poured into the northern province of Bac Ninh’s industrial parks (IPs) in July hit 59.96 million USD. Of the sum, 36.41 million USD was foreign direct investment (FDI). Bac Ninh – The total newly registered and adjusted investment capital that poured into the northern province of Bac Ninh’s industrial parks (IPs) in July hit 59.96 million USD. Of the sum, 36.41 million USD was foreign direct investment (FDI).
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Vietnam and the prospect to become the new region's technology center www.laodong.vn
The logistics thrives amid global uncertainties. Fitch Solutions expects that the freight volume in 2022 will increase across transport sectors of Vietnam. However, its long-term problem is to improve the infrastructure.
Speeding up site clearance for Bien Hoa - Vung Tau expressway project www.sggp.org.vn
Ben Luc - Long Thanh Expressway, section through Can Gio district, Ho Chi Minh City in August 2022.
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Thanh Hoa province is about to have three more industrial parks and industrial clusters with a total investment of about 800 billion VND. After conducting project procedures and clearing compensation, it is expected that these industrial parks will come into operation from the beginning of 2025. Logistics industry expects to untie the infrastructure www.vnexpress.net
Mr. David Jackson - CEO of Colliers Vietnam also commented that there were many factors that kept us optimistic about the market. According to Mr. David Jackson, in terms of policy, the fact that authorities make specific next decisions with the tightening of real estate credit will have the most important impact on developments in the apartments, townhouses and resort real estate. Policies to regulate capital "flow" more into the manufacturing industries and towards people with real housing needs to help them get a place to live are very important and necessary. Such policies will gradually make the real estate market as well as the economy in general develop more stably and sustainably. News Estate Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Mr. David M. Jackson Chief Executive Officer Colliers (Vietnam)
The technology sector is helping Vietnam's economy grow rapidly and towards becoming the new technology hub of the region. According to experts, Vietnam's competitive point is global. Vietnam is looking at effective models in the world and then applying it in its own way, thereby creating a basis for attracting high-quality investment.
The People's Committee of Phu My (Vung Tau) established four action teams to accelerate the site clearance for the first phase of 15.6km section with a total area of 214ha. Thanh Hoa will have 3 more industrial parks put into operation from 2025 www.thesaigontimes.vn
The real estate market from now to 2023 will have many positive signs www.congluan.vn
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Mr. David Jackson, CEO of Colliers Vietnam, assessed that the real estate sector was becoming more and more attractive, attracting powerful investors to pour capital into large projects, especially residential real estate and industrial zone. In industrial zones, there has been a segment of luxury real estate from international brands or developed by foreign investors, which was a positive sign to promote and standardize the real estate industry. CEO of Colliers Vietnam said that Vietnam's real estate market possessed the potential and internal strength that made it different from other countries in the same region such as China, India, and Thailand.
'Inflated' housing prices www.thanhnien.vn
After conducting detailed analysis and research, Vietnamese real estate has created confidence for foreign investors. Colliers News
Revealing a series of super real estate projects to "grab the opportunity" of Ring Road 4 www.dantri.com.vn
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Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
On the Ring 4 section from Me Linh district (Hanoi) to Van Giang district (Hung Yen), there are dozens of large-scale real estate projects. The Ring Road 4 in the Capital Region is 112.8km long (including 103.1km of the Ring Road 4 and 9.7km of the route connecting the Noi Bai - Ha Long Expressway). In which, the section through Hanoi is 58.2km, 19.3km through Hung Yen, 25.6km through Bac Ninh and 9.7km connecting route. The progress and duration of the project is from 2022 to 2027. Vietnam real estate continues to attract strong foreign capital flows www.dothi.reatimes.vn
Apartment prices constantly set new high records. Many localities apply drastic measures, however it is still too high compared to people's average income. From now to 2023, the real estate market will have many positive signs www.congluan.vn
Vietnam real estate continues to attract strong foreign capital flows Vietnam is Samsung's largest phone producer
According to the assessment of real estate experts, there are now many optimistic signs of the real estate market, it is forecasted that by the end of 2022, entering 2023, the market will be positive.
Recently, Mr. David Jackson, General Director of Colliers Vietnam shared that the continued scarcity of supply while the demand for affordable apartments continues to be very high is becoming a great opportunity for investors to seek profit, develop business and benefit society. News
According to Nhip song kinh te, from the beginning of 2022, many real estate businesses plan to focus on developing affordable apartment projects for people with real living needs. At the same time, this is also the segment that most industry experts believe has the strongest liquidity and demand in the market.
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Homebuyers hunt for old apartments www.plo.vn
Compared to 2018, the selling price of villas has doubled, townhouses have also increased by 67%. Savills said the secondary market in some projects and areas has a profit margin of up to 40-50%/year. Most recently, the market report of the second quarter of Colliers also reported that housing prices increased by 10-15% over the same period last quarter. This is the consequence when the supply did not respond in time after the recovery of demand in the first 2 quarters of the year.
Mr. David M. Jackson Chief Executive Officer Colliers (Vietnam)
The old apartment building has many advantages such as having a pink book, complete furniture... and many other advantages. Recently, the number of home buyers looking for apartments in used apartments has increased significantly. Tight supply while demand is boosted are the factors that cause real estate prices to have a new ground in the second half of this year. Mr. Dinh said that the price reduction is very difficult to take place, even the price of apartments may increase by an average of 10% from now until the end of the year. Real estate experts revealed: Affordable apartments still "stand firm" amid market volatility www.vnexpress.net
Positive prospect of industrial cluster real estate www.baodautu.vn Industrial cluster real estate investors have clean land available, complete site clearance and complete infrastructure, which can be handed over at this time will lead the rental wave. According to data from the Ministry of Industry and Trade, by the end of 2020, the whole country has 968 industrial clusters (CCNs) established with an area of 30,192ha. According to the plan, with orientation to 2025, the whole country will have 1,704 industrial clusters with a total area of 58,123 ha.
Prices of HCMC real estate increase sharply www.zingnews.vn
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"In fact, the Vietnam real estate market in general, and the resort segment specifically, shows great potential in the eyes of domestic and foreign investors. Therefore, despite the new fiscal policies creating some temporary difficulties, the investment sentiment in the tourism real estate market still sustains, and investors also have many options – such as M&A – to ensure the project is properly implemented in line with its roadmap," shared Mr. David JacksonCEO of Colliers (Vietnam).
colliers.com/en-vn 28 Daily Real Estate News Highlights Top Daily Updated Real Estate News Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Tourism real estate looks positive as the tourism industry is bouncing back
Ho Chi Minh City to have new pedestrian street in downtown area www.tuoitrenews.vn
Tourism real estate looks positive as the tourism industry is bouncing back www.cafef.vn
The People’s Committee of District 1, Ho Chi Minh City has sought the municipal authorities’ approval for turning Le Loi Boulevard in the district into a pedestrian street to attract tourists, thus boosting local economic development. The district has also proposed the city administration pass the urban space planning for Le Loi to attract investors in commercial services, contributing to balancing the business development and social order in District 1 and the city as a whole. Apartments attract customers again www.bds.tinnhanhchungkhoan.vn
With many competitive advantages, Vietnam is seizing the opportunity to attract FDI from other countries. Mr. Tran Le Nguyen - Co-Founder, General Director of Kido Group said: a Japanese company has worked and reached an agreement to cooperate with Kido Group in the production of potential consumer products. High quality by Japanese standards. Kido Group continues to expand.
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The selling price is continuously increasing, which can bring a stable income from rental, making the apartment house attract customers again after a long time of "silence and silence". According to Mr. David Jackson, General Director of Colliers Vietnam, in the apartment segment, from 2010 onwards, the market has more and more diverse types of apartments, from affordable apartments to affordable apartments. group of mid-range and high-end apartments. "Foreign" capital flows continue to shift to Vietnam www.diendandoanhnghiep.vn
A person installs a central processing unit on a motherboard.
Dong Nai Province and Vietnam's airport operator have completed procedures to build two roads connecting with Vietnam's largest airport-to-be Long Thanh. The two routes are estimated to cost VND4.8 trillion ($205 million) and the process of bidding to choose a contractor is set for November, the Airports Corporation of Vietnam (AVC), which operates all 22 civil airports in Vietnam, announced Monday.
Of the four projects that are about to break ground on the occasion of National Day 2.9, the most notable is the 5.5-hectare smart complex super project with a total investment of up to VND 12,000 billion. The Office of the People's Committee of Ho Chi Minh City has just conveyed the conclusion of the Chairman of the Ho Chi Minh City People's Committee Phan Van Mai, agreeing on the list of 9 projects, works that broke ground and were inaugurated and put into use to celebrate the 77th anniversary of the August Revolution. and National Day (2.9). Work to start on major routes to Long Thanh airport in December www.vnexpress.net
Mr. Lynus Pook, CEO at Colliers Singapore, said: “Strong demand and favorable rates can lead to more selling and subleasing activity in the industrial property market. For investors looking to diversify their Property portfolio, high specification Warehouses for storing essential goods can provide a good buffer during volatile macroeconomic, as they are more defensive and resilient than other asset classes.” Colliers News
The company, one of the biggest chip design software makers in the world, will train electrical engineers in Vietnam and donate software licenses for a chip design center in the country, Nikkei Asia reported.
US chip design giant Synopsys to bolster Vietnam activity www.vnexpress.net U.S. semiconductor maker Synopsys is set to shift its investment and engineer training to Vietnam as multinationals continue to leave China.
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Industrial property rental rates are expected to increase in the whole year of 2022 www.cafeland.vn
HCMC: Many ground-breaking and inauguration ceremonies held to celebrate Vietnam National Day Sep 2 www.thanhnien.vn
Industrial property rental rates are expected to increase in the whole year of 2022
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