Monthly Real Estate News | December 2020 by Vietnam Realty

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VIETNAM MONTHLY REAL ESTATE NEWS - December 2020 -

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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.

Foreign capital returns strongly to Vietnam

www.vietnaminsider.vn Finnish Pyn Elite Fund (Mutual Fund Elite) has recently sharply increased its ownership ratios of certain shares, including Vinhomes shares (VHM) of the dollar billionaire Pham Nhat Vuong, and POW. The stock market has seen foreign investors coming back to buy more than sell in many consecutive trading sessions. Analysts say this will help push up the Foreign capital returns strongly to Vietnam Vietnamese stock market with the VN Index hitting the 1,000 point threshold after days of net sales by foreigners. The sharp market decline because of Covid-19 has been followed by an impressive recovery. The stock market has regained positive growth compared with the beginning of the year. Pyn Elite Fund believes the Vietnamese stock market will be much more positive in 2021 with listed companies’ profits expected to increase by 34 percent.

Vietnam’s public investment disbursement up 34% in eleven months

www.nhandan.org.vn Disbursement of public investment in the first eleven months of 2020 reached VND406.8 trillion (US$17.65 billion), equivalent to 79.3% of the target for the year and up 34% over the same period in 2019. The figures were released by the General Statistics Office (GSO), which added it was the highest during the 2011-2020 period as a whole.

Vietnam’s public investment disbursement up 34% in eleven months

Vietnam, South Africa look to expand trade and investment ties

www.nhandan.org.vn A delegation of the Vietnamese Embassy in South Africa, led by Ambassador Hoang Van Loi, paid a working visit to Eastern Cape and Western Cape provinces from November 22-29 to seek opportunities for further strengthening investment, trade and tourism cooperation between the two countries. The trip formed part of activities to promote economic diplomacy towards expanding the bilateral economic and trade relations after a long time affected by the COVID-19 pandemic. Within the framework of the trip, the delegation had working sessions with representatives of local policy advisory and business matching agencies and companies which are interested in or those with experience in doing business in Vietnam.

Govt should streamline real estate laws, focus on social housing: conference www.vietnamnews.vn

The country's authorities should focus on amending real estate laws to eliminate inconsistencies and incorporate policies to encourage social housing over the next decade, a conference heard in HCM City last week. Deputy Minister of Construction Nguyễn Văn Sinh said the Government and the Party had been rolling out numerous policies to support the development of the market. Despite COVID-19 impacting many areas, “the real estate market is still seeing development this year, though not as much as in other years.”

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 Home loan interest rates will remain low in 2021

www.vneconomy.vn According to VNDirect, the legal approval process lasted since mid-2018 and the impact of the Covid-19 pandemic has caused many small-scale developers to face financial problems. However, this has created opportunities to hunt for land for real estate companies with strong financial potential. In addition, according to Colliers Vietnam, in September 2020, at least 10 new foreign developers from Korea, Japan, China and Singapore were looking for opportunities to enter the Vietnamese market, a significant number when compared to the current 12-15 foreign developers.

Home loan interest rates will remain low in 2021

Vietnam halts all inbound commercial flights

www.vnexpress.net PM Nguyen Xuan Phuc has ordered a temporary halt to all inbound international commercial flights following Vietnam’s new Covid-19 community transmissions. He said at a cabinet meeting Tuesday that only repatriation flights will be allowed to bring home Vietnamese citizens. Mai Tien Dung, head of the government office, said the suspension aims to give Vietnam better control over the spread of infection and quarantining of arrivals.

Vietnam halts all inbound commercial flights

EU helps set up online customs transit system to boost ASEAN trade

www.vietnamnews.vn Vietnam is likely to benefit as major laptop producers shift production from China over the next decade, The online ASEAN Customs Transit System was launched yesterday to accelerate trade in goods by road within Southeast Asia. Being developed with the support of the European Union, ACTS is simplifying the movement of goods across the region, making it more efficient and cost-effective. Following trials in Cambodia, Laos, Malaysia, Singapore, Thailand, and Viet Nam, the system has now been formally launched. The first successful ACTS transit movement occurred on October 23-24 when a truck travelled from Singapore via Malaysia to Thailand.

HCM City to build more than 400 waterway berths

www.vietnamnews.vn Hanoi will focus on researching, applying, and developing sustainable smart urban planning. The construction of smart cities must be conducted in a structured manner in accordance with the planning, Kinh te & Do thi quoted Deputy Minister of Construction Nguyen Tuong Van as saying. “The successful experience of many countries shows that building tools to manage urban development on the basis of planning and integrating these contents into the urbanization strategy should be seen as a focal issue,” Mr. Van said. 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 3 trends that shape the real estate market in 2021

www.cafebiz.vn

The legal approval process stretching from mid-2018 and the impact of the Covid-19 pandemic have caused many small-scale developers to face financial problems. However, this has created opportunities to hunt for land for real estate companies with strong financial potential. In addition, according to Colliers Vietnam, in the first 9 months of 2020, there were at least 10 new foreign developers from Korea, Japan, China and Singapore looking for opportunities to enter the Vietnamese market, a surprising number compared to the current 12-15 foreign developers - as observed by the VNDirect research team. The rationale was due to the fact that Vietnam has well controlled the Covid-19 outbreak in recent months.

3 trends that shape the real estate market in 2021

Breaking: The “world’s first” Covid-19 vaccine approved for use next week

www.vietnaminsider.vn Britain on Wednesday became the first country in the world to approve the Pfizer-BioNTech COVID-19 vaccine for use and said that it will be rolled out from early next week. A vaccine is seen as the best chance Breaking: The “world’s first” for the world to get back to some semblance of normality amid a global Covid-19 vaccine approved for use pandemic which has killed nearly 1.5 million people and upended the next week global economy.

International flights to be suspended for violations on COVID-19 prevention

www.vietnamnews.vn Local carriers will have to suspend international flights if flight crew members violate regulations on medical isolation and COVID-19 prevention. The statement was issued by Deputy Minister of Transport Lê Anh Tuan in an urgent document sent to the Civil Aviation Authority of Viet Nam and local carriers. In the document, the Ministry of Transport told the Civil Aviation Authority of Việt Nam and local carriers to enhance COVID-19 prevention among crew members on international flights.

Thai company buys Vietnam solar farm

www.nhipcaudautu.vn Thai energy firm Gunkul Engineering Plc has acquired the 50-megawatt Phong Dien II solar power plant in the central Thua Thien Hue Province for $39.9 million. The plant is set to begin commercial power generation on December 15 with a feed-in tariff of 7.09 U.S. cents per kilowatt-hour for 20 years. The acquisition is part of the company’s plan to expand in Southeast Asia in the renewable energy sector, which it says has low risk and high growth potential. 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 Strong growth outlook for Reits funds in the office sector in Singapore and Hong Kong

www.cafeland.vn To be sure offices in Singapore and Hong Kong have been hit by the pandemic. Companies like Citigroup and Mizuho Financial Group in Singapore and Macquarie Group in Hong Kong are abandoning office space as demand changes and they face the future of remote work. Singapore's vacancy rate rose to 4.9% in the third quarter of this year, from 3.3% a year earlier; while the vacancy rate for Hong Kong's Grade A offices rose 9% in September from 6.1% in the same period last year, according to data from Colliers International Group.

Strong growth outlook for Reits funds in the office sector in Singapore and Hong Kong

M&A: Stimulating real estate market to be more active in 2021

www.thoibaotaichinhvietnam.vn The legal approval process stretching from mid-2018 and the impact of the Covid-19 pandemic have caused many small-scale developers to face financial problems. According to Colliers Vietnam, in the first 9 months of 2020, there were at least 10 new foreign developers from Korea, Japan, China and Singapore looking for opportunities to enter the Vietnamese market, a surprising number compared to the current 12-15 foreign developers.

M&A: Stimulating real estate market to be more active in 2021

PM urges Thai group to expand investment in Vietnam

www.nhandan.org.vn Prime Minister Nguyen Xuan Phuc on December 3 called on Siam Cement Group (SCG) of Thailand to expand its investment and business in Vietnam, thus helping to attract more big groups from Thailand and other countries to Vietnam in the time ahead. At a reception for SCG President and CEO Roongrote Rangsiyopash in Hanoi, PM Phuc said Vietnam and Thailand are strategic partners, noting Thailand has successfully run many projects in Vietnam.

Nikkei Asia: Japan and the US make Vietnam a top priority in supporting the construction of LNG thermal power plant

www.cafef.vn In the framework of the Japan-US Strategic Energy Partnership, the two sides have been assisting countries in developing energy-related infrastructure since 2017. By 2020, Vietnam is primary care. According to Nikkei Asia, Japan and the United States will support Vietnam in accelerating the transition to a system using liquefied natural gas (LNG) - part of the campaign to help emerging economies reduce carbon emission. colliers.com/vietnam

Colliers News Which provinces are strongly attracting FDI into real estate? www.vneconomy.vn David Jackson, CEO of Colliers International Vietnam said: HCMC has a dynamic real estate market with the highest growth potential. And Hanoi remains the most popular destination for investment in residential or commercial real estate by foreign investors in the North of Vietnam.Â Data from the Ministry of Planning and Investment shows that, in the first 11 months of the year, total foreign direct investment (FDI) registered in the real estate business ranked third with 3.8 billion USD, up 15% compared to the same period in 2019. This number is favorable considering the complicated COVID-19 epidemic in the world.

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

Focus on increasing the "quality" of foreign investment capital

www.thoibaonganhangvn Commenting on opportunities for Vietnam in the coming time, Mr. Terence Alford - Director of Colliers International Capital Market & Investment Services Department said that economic growth is taking place in Vietnam and especially in the real estate market in general will lead to the sustainable development of the real estate industry in Vietnam. Financial flows will help support many large-scale residential and industrial property projects that are being planned across Vietnam in the coming years. The problem for the Vietnamese economy is to ensure that an expanding real estate market is affordable and well planned and designed. Affordability will be one of the key factors to ensure residents can benefit from the ever expanding real estate market, meaning wages will need to increase with rental inflation in the coming years.

Mr. Terence Alford - Director of Capital Markets & Investment Services | Colliers International Vietnam

RCEP creates new impetus to China-ASEAN cooperation: Singaporean scholar

www.vietnamplus.vn The signing of the Regional Comprehensive Economic Partnership (RCEP) has injected new momentum into the economic and trade cooperation between ASEAN and China, a Singaporean scholar told Xinhua News Agency. The Chinese news agency quoted Yu Hong, a senior research fellow of the East Asian Institute of the National University of Singapore, as saying that the economic and trade cooperation between ASEAN member states and China remains strong despite the impacts of COVID-19. colliers.com/vietnam

Germany helps provide training in renewable energy integration

www.vietnaminsider.vn At the event, Vietnamese Ambassador to Canada Pham Cao Phong noted three main factors that serve to make Vietnam an attractive investment destination, including a strategic location in Southeast Asia, radical institutional reforms, and a promising consumer market that is home to over 96 million consumers. At present, the country is acting as a bridge for Canadian goods and services to reach the 660 million consumers based in ASEAN, as well as other important markets throughout the region, said Ambassador Phong.

Germany helps provide training in renewable energy integration

Vietnam may distribute indigenous Covid-19 vaccine next May

www.vnexpress.net A Vietnamese Covid-19 vaccine might be distributed in May next year following six months of clinical trials. Nanogen Pharmaceutical Biotechnology JSC would recruit volunteers to enter clinical trials for its Covid-19 vaccine starting Thursday, Ho Nhan, company director, said Monday. Clinical trials would occur over three phases, he said. In the first phase, Nanogen, in cooperation with Vietnam Military Medical University, would choose 60 volunteers, aged 18-60 and without any underlying condition, infectious diseases or allergies, to undergo human trials. The recruitment process is expected to last a week.

Vietnam may distribute indigenous Covid-19 vaccine next May

Coffee chains in Vietnam launch mobile stores amid COVID-19 pandemic

www.vietnaminsider.vn With a handful of advantages including low investment, simple operations, and fast profit, the companies behind these businesses said that they would expand their network of mobile stores and takeout kiosks after a test run. A takeaway kiosk of Filipino-owned coffee chain Highlands Coffee has been placed on Tran Khac Chan Street near the Phu Nhuan intersection in Phu Nhuan District, Ho Chi Minh City for a week. The stall offers carryouts at prices VND4,000-5,000 cheaper than those at Highlands Coffee bricks-and-mortar stores.

HCM City in need of more affordable housing

www.vietnamnews.vn HCM City is expected to need an additional 160,000 social housing apartments in the next decade to meet its rising population and demand for affordable housing, according to the cityâ&#x20AC;&#x2122;s Department of Construction. The department has asked the municipal People's Committee for approval of a housing development master plan in the 2021-30 period. The city is expected to have a population of around 11.1 million by 2030, the department said. The city plans to develop social housing, with a total floor area of four million square metres for about 160,000 apartments. colliers.com/vietnam

Colliers News RICS Honours and Celebrates Achievements of Hong Kong’s Built Environment Sector at RICS Awards 2020 Hong Kong Presentation Ceremony www.baotintuc.vn The Royal Institution of Chartered Surveyors - RICS award in Hong Kong was announced and awarded on the afternoon of December 7, 2020, at the Grand Hyatt Hotel, Wan Chai in Hong Kong. The award showcased and honored the outstanding achievements and developments of experts in the real estate sector who created places and spaces where communities lived and worked. This year, Colliers International (Hong Kong) Ltd was the winner of the “Research Team of the Year” award.become a new “world factory” as well as attracting more European enterprises to join the market”.

LG Electronics increases outsourcing to Vietnam

smartphone

RICS Honours and Celebrates Achievements of Hong Kong’s Built Environment Sector at RICS Awards 2020 Hong Kong Presentation Ceremony

production

www.vietnaminsider.vn The story was first reported by Reuters on Monday, which noted that LG Electronics has reported an operating loss for 22 consecutive quarters. The company has created a new management title for the original design manufacturer (ODM) according to a company spokesperson. Moreover, LG has reduced its R&D staff. In an email to IT World, a company spokesperson said that the outsourced manufacturer will have the capability to produce more than 10 million smartphones by the second half of the year.

LG Electronics increases smartphone production outsourcing to Vietnam

Danang introduces post-pandemic tourism recovery scenarios

www.thesaigontimes.vn The central city of Danang is making efforts to boost its tourism sector post-Covid-19 and develop the tourism-driven economy, with two post-pandemic tourism development scenarios being mapped out for the next five years. In the first scenario, the pandemic is expected to be brought under control in Vietnam by the end of this year, and the country would manage to conduct a Covid-19 vaccine trial on people and introduce a Covid-19 vaccine in the market starting from the second quarter of 2021. From the beginning of 2021, the central coastal city will adopt drastic measures to concurrently fight against Covid-19 and bolster economic growth by introducing tourism stimulus programs and coordinating with other localities over tourism recovery.

colliers.com/vietnam

Colliers News Occupancy rate of office for lease is more than 90%, enterprises still live well despite Covid-19

www.doanhnhansaigon.vn The report on the HCMC office market in Q3/2020 of Colliers Vietnam also confirmed that, due to the impact of Covid-19 pandemic, some companies began to move their offices out of the central area to cut cost, including many small and newly established companies. Even large companies were moving from Class A to Class B, even looking for buildings with lower rental costs. Mr. David M. Jackson - CEO of Colliers Vietnam said that Class B office was highly appreciated for quality, central location, convenient traffic, professional working space, meeting the standards of architecture, construction and management are certain, but the price was "more affordable" than a Class A office.

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

Vietnam optimistic about growth in first half of 2021

www.ven.vn According to a recently announced Nikkei Asia report, Vietnam still maintains stable economic growth while other economies in the Southeast Asian region are struggling for recovery. Vietnam is the only model of economic success in the region in the current context and is the only ASEAN member country forecast to maintain growth in the first half of 2021. In the third quarter of 2020, Vietnamâ&#x20AC;&#x2122;s gross domestic product (GDP) grew 2.6 percent compared with the same period last year, marking the second consecutive quarter of positive growth.

Vietnam optimistic about growth in first half of 2021

South Korean supermarket chain Emart looks likely to quit Vietnam

www.vietnaminsider.vn South Korean supermarket chain Emart looks likely to quit Vietnam due to the face of regulatory hurdles, according to South Korean news media reports. South Korean observers suggest Emartâ&#x20AC;&#x2122;s struggle in expanding its Vietnam network results from the decision to operate as a wholly owned Vietnamese company, rather than as a joint venture with a foreign company, the favoured path into the market, giving local companies a share of the action. A source from the industry said that Emart needs at least 10 outlets in order to have bargaining power with vendors and achieve logistics efficiency. An Emart representative denied the company will leave Vietnam, saying it is looking into other options such as strategic alliance or business partnership.

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.

Vietnam – UK Free Trade Agreement will be concluded today

www.vietnaminsider.vn Vietnam and Britain will conclude free trade agreement negotiations on Friday, said the Ministry of Industry and Trade. The two parties will sign a Memorandum of Understanding to confirm the conclusion of the talks, Vietnam – UK Free Trade a move that should pave the way for an official signing of the Vietnam Agreement will be concluded today – UK Free Trade Agreement (UKVFTA). Though the EU-Vietnam Free Trade Agreement took effect on August after Brexit, the EVFTA will no longer apply to the UK after December 31 this year.

ADB raises Vietnam’s GDP growth to 2.3% in 2020

www.nhandan.org.vn The Asian Development Bank has adjusted itsforecast for Vietnam’s economic growth from 1.8% to 2.3% in 2020 thanks to the promotion of public investment, the recovery of domestic consumption, the increase in trade exchanges and the rapid recovery of neighbouring countries. The growth forecast was made in a regular supplement to the Asian Development Outlook (ADO) 2020 Update released on December 10. Vietnam’s economy expanded rapidly from a rate of 0.4% in the second quarter of 2020 to 2.6% in the third quarter of 2020, raising the average growth rate in the January-September period to 2.1%. Thus, the ADB raised Vietnam’s economic growth for the entire of 2020 from 1.8% to 2.3%, attributeble to the boosting of public investment, the recovery of domestic consumption, the increase in trade exchanges and a rapid recovery in China.

Phu Quoc becomes the first island city in Vietnam, will the land fever return?

www.cafef.vn In March, the number of customers interested in Phu Quoc real estate decreased by 50% compared to the period of 2019, but in October, this number suddenly increased to 10%. On December 9, the Standing Committee of the National Assembly officially passed a resolution to establish Phu Quoc city in Kien Giang province. After its establishment, Phu Quoc city has a natural area of 575.29 sqm, population of 177,540 people and is divided into 9 communal-level administrative units, including: Duong Dong ward, An Thoi ward and 7 communes: Ham Ninh, Duong To, Ganh Dau, Bai Thom, Cua Duong, Cua Can, Tho Chau..

District 2, 9, Thu Duc officially become Thu Duc City from 01 January , 2021 www.vietnaminsider.vn

In an unprecedented move, the national parliament has greenlighted the establishment of a city within a city in HCMC called Thu Duc. The Thu Duc City will be formed, starting January 1, by merging three eastern districts – 2, 9 and Thu Duc. The Standing Committee of the National Assembly, the legislative arm of Vietnam, approved the government’s resolution to give birth to this new city at a meeting Wednesday. Minister of Home Affairs Le Vinh Tan said the three districts have an important position in the Southern Key Economic Zone (SKEZ), which comprises HCMC, the industrial hubs of Dong Nai and Binh Duong, the cash crop province of Binh Phuoc, the maritime transportation hub of Ba Ria-Vung Tau, Tay Ninh Province, and two Mekong Delta provinces of Tien Giang and Long An.

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.

Vietnam starts human trials of COVID-19 vaccine

www.vir.com.vn Vietnam has started human trials of a COVID-19 vaccine. Volunteers were recruited for the first phase of the trials of a vaccine on December 10 in Hanoi. The vaccine was produced by the Nanogen Pharmaceutical Biotechnology company, one of four organisations researching COVID-19 vaccines in Vietnam. Speaking at the recruitment ceremony, Nguyen Ngo Quang, deputy director of the Ministry of Health’s Administration of Science Technology and Training, said: “The core purpose of the first phase of human trials is to evaluate the safety of a vaccine when used on humans, not its effectiveness, potency, or ability to provoke an immune response in the body.

Vietnam starts human trials of COVID-19 vaccine

Plan to widen HCMC-Long Thanh-Dau Giay expy submitted to ministry

www.thesaigontimes.vn Cuu Long Corporation for Investment Development and Project Management of Infrastructure submitted an investment plan to widen the HCMC-Long Thanh-Dau Giay Expressway to eight lanes from the current four lanes, with a total investment of some VND10 trillion, to the Ministry of Transport on December 10. The plan is aimed at addressing the constant traffic congestion on the road on weekends and holidays, especially once the projected Long Thanh International Airport is in place.

Plan to widen HCMC-Long Thanh-Dau Giay expy submitted to ministry

Quang Binh to hold investment promotion conference next year

www.vietnamnews.vn The Quang Bình Province will organise an investment promotion conference in mid-January 2021 in Đong Hoi City, according to the provincial People's Committee. “This conference is an opportunity for Quang Bình to show its great potential in economic development and as an attractive and reliable investment destination for all investors," Secretary of the Party Committee of Quang Bình Vũ Đai Thang said. It will focus on introducing the potential and strengths of Quang Bình, including the energy industry, tourism, services, agriculture and the marine economic sector.

Vingroup opens its 80th Vincom centre

www.bizhub.vn Spanning 56,000 sq.m, Vincom Mega Mall Ocean Park aims to offer impressive shopping and entertainment experiences serving the needs of the people of the capital and neighbouring provinces. The mall features domestic and international restaurants like Haidilao Hot Pot, Manwah, Gogi House, Kichi Kichi, Dookki Dookki, Texas Chicken, Sushimi-Koto, The Coffee House, BreadTalk and Yihetang. The mall is also home to fashion and entertainment brands, accessories, sportswear, cosmetics, appliances, furniture and more.

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 Giants acquire real estate in the sub-urban areas

www.plo.vn Sub-urban real estate projects are being hunted and ordered by real-strength domestic and foreign investors. According to Colliers Vietnam (a market research company), in the first nine months of the year at least 10 new foreign developers from Korea, Japan, China and Singapore were looking for opportunities to enter Vietnamese market. "M & A deals are considered the fastest solution for foreign investors entering the Vietnamese market and domestic investors to expand their land fund" - reported VNDirect Securities Company.

Giants acquire real estate in the sub-urban areas

Vietnam perfect economic partner for Australia: report

www.tuoitrenews.vn A new report by Asia Society Australia and The Australian APEC Study Center at RMIT University showed that Vietnam is a perfect economic partner for Australia. The findings from this report pointed out that Vietnam is a standout option for Australian businesses when it comes to considering a market for goods and services and business investment. The market will help Australia capitalize on economic complementarities and diversify economic partnerships and supply chains.

Vietnam perfect economic partner for Australia: report

Vietnam may become upper-middle-income country in 2023: Japanese centre

www.vietnamplus.vn The Japan Centre for Economic Research (JCER) has predicted that Vietnam will become an upper-middle-income country in 2023, and its GDP will surpass that of China’s Taiwan in 2035. In the standard scenario, JCER assumes that the pandemic is a transient event that will not affect economic structures over the medium term. Under this assumption, only China, Vietnam, and Taiwan are on track to maintain positive year-on-year growth rates in 2020. Vietnam is seen sustaining a growth rate of about 6 percent in 2035 thanks to strong exports.

Green building trend severely undervalued in local real estate

www.vir.com.vn With the runaway growth of urbanisation and the real estate sector in recent years, renovation and construction of green and energy-efficient buildings has become a key trend in Vietnam, even though the true concept of going green is still vague. Besides COVID-19, the second key word of the year is “green building” but many developers and consumers are still hazy on the concept.

colliers.com/vietnam

Colliers News The world's financial centers are threatened by the tendency of working from home www.cafeland.vn When looking at long-established financial centers in the new context of this year, global leaders see only two things: high costs and political chaos. The vacancy rate was also at record levels in prime locations, with 6.9% in the CBD in October, according to Colliers International Group Inc. Hong Kong's position is also being diminished by China's preference for Shanghai. Initial public offerings have exploded in both Shanghai and Shenzhen, and banks in Hong Kong are rapidly losing positions by rivals from mainland China.

The world's financial centers are threatened by the tendency of working from home

There is a plan to build a second airport in the Capital Region at Tien Lang, 120 km from Hanoi

www.cafef.vn According to the adjustment project of the Capital Region Construction Planning to 2030 and a vision to 2050, there are 4 plans to build the 2nd airport for the Capital Region, which are placed at: Ly Nhan district (Ha Nam province), Ung Hoa district (Hanoi), Thanh Mien and Binh Giang districts (Hai Duong province), and in Tien Lang district (Hai Phong). On December 15, related to the departments of Hanoi is finalizing a document to propose the Ministry of Transport (MOT) to consider the second airport arrangement for the Capital Region, in which consideration choosing a location in the southern area of Hanoi,

AEON Vietnam officially opens its first supermarket in Haiphong

www.vir.com.vn People in Haiphong are also the first customers in Southeast Asia to experience innerCasual (iC) products – AEON's private brand providing inner products with Japanese quality at AEON-Haiphong Le Chan General Merchandise Store and Supermarket. It is one of the highlights at AEON-Haiphong Le Chan General Merchandise Store and Supermarket, one more unit of AEON in Vietnam and was officially launched in Haiphong on December 14.With a total area of more than 18,800 square metres, this is AEON Vietnam's first General Merchandise Store and Supermarket in Haiphong city and the sixth nationwide, aiming to bring "AEON-standard" products, services, and shopping experience to more customers across the country.

The turning point of the real estate market in Ben Cat

www.cafef.vn Not only in Thu Dau Mot, Thuan An or Di An, recently in the area of Ben Cat appeared a number of apartment projects. These include Thinh Gia Tower (more than 1,000 apartments); Unico Thang Long (nearly 700 apartments), TTG Royal Residence (784 apartments), Phu Gia Luxury Residence (more than 900 apartments); Golden Silk Complex (1,300 apartments) ... The massive appearance of apartment projects shows that the urbanization rate of Ben Cat is very high, the population is concentrated and the need to experience modern services of the people has increased significantly.

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.

The economies most affected by the long term Covid-19

www.vnexpress.net Research by Oxford Economics shows that the Philippines, India and Spain are the three countries with the greatest long-term impact of the pandemic. Modeling by Oxford Economics sheds light on the long-term effects of Covid-19. This study predicts which countries are the most vulnerable to the long-term economy, and which countries may recover early. The researchers gathered evidence from past crises, including Ebola and SARS, and the 2007-2009 global financial crisis, to create 31 measures of economic vulnerability. This includes areas such as economic structure, GDP growth and consumer confidence.

The economies most affected by the long term Covid-19

The M&A logistics market is still active www.nhipcaudautu.vn

As assessed by a joint stock company Vietnam Assessment Report 2019, in 2020 the M&A market is still active. According to recent information, Ryobi Vietnam International Logistics Company has just announced to buy 16.8 million new Transimex shares (HoSE: TMS) on December 14. After the transaction, this organization holds 23.7% of capital and is the largest single shareholder in Transimex. Also on December 14, Casco Investments Limited sold out 17.23 million shares, equivalent to 24.34% of Transimex's capital.

The M&A logistics market is still active

Daiwa Vietnam breaks ground on US$40-million factory in Danang www.thesaigontimes.vn

Daiwa Vietnam Co., Ltd began construction on a sports equipment factory worth US$40 million at the Hoa Khanh Industrial Park in the central coastal city of Danang on December 15. It is the third project of Daiwa Vietnam at the Hoa Khanh Industrial Park, raising the company’s total investment in the three projects to US$90 million. Addressing the ground-breaking ceremony, Ho Ky Minh, vice chairman of the municipal government, said the sports equipment factory project invested by Daiwa Vietnam is a result of the cooperation between the city and Japanese investors.

Amazon sets up seller centre in Vietnamese www.vietnamnews.vn

Made-in-Vietnam products like home decor, apparel, kitchen, tools, and home improvements on Amazon have been recognised by global customers. As cross-border e-commerce further develops this year, it is good timing for Việt Nam sellers to go online to set up global business and presence. The seller centre is a localised dashboard that would not only open up easier access and better experience for sellers throughout the selling process, but also help improve their operation efficiency significantly, the company said. 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.

Viet Nam to develop exports through foreign retail systems

www.vietnamnews.vn Deputy Minister of Industry and Trade Đo Thang Hai has called the export of local goods through the distribution network of foreign retail groups an efficient and sustainable export channel. Hai was speaking at a conference reviewing five years of Vietnamese enterprises participating in foreign distribution networks in Ha Noi yesterday. “With the support of leading retail distribution groups, high-quality products from agricultural products, to home appliances, furniture and textiles have reached million foreign consumers through distribution systems spread all over the world," he said.

Viet Nam to develop exports through foreign retail systems

German company wants to invest in a US$4.8-billion wind farm in Binh Dinh www.thesaigontimes.vn

German renewable energy group PNE is keen to invest in an offshore US$-4.8 billion wind farm in the central province of Binh Dinh, in three phases. If successful, the company will build up between 154 and 166 wind turbines and increase its total capacity to 2,000MW. The first phase of the offshore windfarm, with a capacity of about 700MW and investment capital of US$$1.6 billion, will be located in the two districts of Phu Cat and Phu My. PNE will carry out technical surveys in 2021 and commence construction from 2024.

German company wants to invest in a US$4.8-billion wind farm in Binh Dinh

Resort real estate back to the race at year end

www.cafef.vn According to the Vietnam Real Estate Brokerage Association, the bright spot in the year-end resort real estate market is the re-launch and strong offering of the resort tourism projects. Typically in the localities: Quang Ninh, Thanh Hoa, Nghe An, Binh Dinh, Phu Yen, Ninh Thuan, Binh Thuan, Ba Ria - Vung Tau ... In particular, the resort real estate market also sees signs of investors returning across the country. Typically, recently in Ba Ria - Vung Tau province Novaland Group continues to introduce to customers the sea villas and sea shophouse project NovaWorld Ho Tram.

Ba Ria - Vung Tau submits to the Ministry of Transport the pre-feasibility study report of Bien Hoa - Vung Tau expressway www.cafef.vn

The People's Committee of Ba Ria - Vung Tau province said that the consultant has completed the pre-feasibility study report for the Bien Hoa - Vung Tau expressway project. The province requested the Ministry of Transport (MOT) to consider and submit to the Prime Minister for decision the investment policy and soon implement the project to create a driving force for the development of the southern key economic region.

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.

Vietnam will become an upper-middle-income country

www.vietnaminsider.vn The Japan Centre for Economic Research (JCER) has predicted that Vietnam will become an upper-middle-income country in 2023, and its GDP will surpass that of China’s Taiwan in 2035. The JCER recently released a medium-term forecast of Asian economies entitled “Asia in the coronavirus disaster: Which countries are emerging?”, which addresses the impact of the COVID-19 pandemic and looks at how Asian economies are faring compared with others around the world. In the standard scenario, JCER assumes that the pandemic is a transient event that will not affect economic structures over the medium term.

Vietnam will become an upper-middle-income country

Increasing import: a positive sign

www.thesaigontimes.vn The growth of import slower than that of export helped Vietnam clinch a trade surplus of over US$20 billion in the first 11 months of 2020. However, the surging surplus also indicated a hard time for Vietnamese enterprises, especially those in the export sector. Therefore, when import is up again, it turns out to be a positive sign. After six months in a row, when Vietnam’s import value suffered a negative growth, it switched back to the positive territory in October and November.

Increasing import: a positive sign

5G equipment ownership has a national strategic meaning

www.bizhub.vn Vietnam Post and Telecommunications Group (VNPT) on Saturday announced it will officially deploy VinaPhone 5G network in Ha Noi and HCM City. This is a milestone in Viet Nam's technology development as 5G technology is bringing about important changes in all aspects of social life while at the same time laying a solid foundation for building a digital government in the country. Upon the successful launch of the Vinaphone 5G network, Deputy Minister of Information and Communications Phan Tam said to date, three big telecommunications and information technology enterprises have helped Viet Nam advance into the one of the leading countries in 5G deployment worldwide.

VinGroup kick-starts global science-technology award

www.nhandan.org.vn Conglomerate VinGroup on December 20 launched the first Vietnamese-initiated international science-technology award named VinFuture Prize, which is among the annual awards with the highest prize money pool of the world. The announcement was made on International Human Solidarity Day - December 20. The award encourages the creation of positive changes in the daily lives of millions of people on the Earth via bolstering scientific research and technological innovation. VinFuture Prize honours outstanding intellectuals regardless of their nationalities, genders and ages, whose research studies and inventions help address global challenges such as raising quality of health and life, poverty eradication, elimination of famine.

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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.

Vietnam is fastest growing national brand: Brand Finance

www.vnexpress.net Vietnam has become the fastest growing nation brand, with its value skyrocketing 29 percent to $319 billion in the latest global rankings. It climbed nine places from last year to 33rd in the list of the world’s 100 most valuable brands compiled by Brand Finance, a U.K. consultancy. Brand Finance measures the value of national brands based on Vietnam is fastest growing national brand: Brand Finance three pillars: goods and services, investment, and society. A strong national brand denotes a highly attractive environment for investment, encouraging inward investment, adding value to exports, and attracting tourists and skilled migrants, it explained.

Airlines increase flights number on Hanoi – HCMC as travel demand increases

www.vietnaminsider.vn The national flag carrier and its low-cost subsidiary plan to increase the number of flights on the route from the current 28 to 36 in January as travel demand is expected to increase due to Vietnam’s Lunar New Year holiday Tet, which falls in February next year. This means by that time Airlines increase flights number on as travel demand there will be daily flights every 20-30 minutes between the two largest Hanoi – HCMC increases cities in the country, a spokesperson said Monday. The spokesperson added maintenance of runways at the two largest airports, Tan Son Nhat International Airport in HCMC and Noi Bai International Airport in Hanoi, is expected to complete soon and allow airlines to increase their flight frequency.

What makes Dong Nai a standout investment hub

www.ven.vn As a part of Vietnam’s southern key economic region, Dong Nai Province has a developed infrastructure and is one of the most dynamic socioeconomic localities. This makes it a magnet for domestic and foreign investors. Dong Nai is adjacent to Ho Chi Minh City, about an hour’s drive away. The province enjoys mild climate throughout the year. t has chosen an advantageous location with good geological features and low construction costs for its industrial zone development plan.

Ho Chi Minh City: Starting to expand the road more than 100 billion VND in District 12

www.cafef.vn Inventories in the real estate market have been on the decrease thanks to increasing liquidity, according to On December 21, the project to expand Dinh Giao Khau Street, District 12, Ho Chi Minh City with a total capital of nearly 104 billion VND has been started to help reduce traffic jams and pollution at the northwest gate of Ho Chi Minh City. According to the Director of the Construction Investment Project Management Board of District 12, Dinh Giao Khau street is seriously degraded. .

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.

Vietnam prioritizes domestic COVID-19 jabs over foreign procurement

www.ven.vn Prime Minister Nguyen Xuan Phuc has asked relevant authorities to support domestic efforts in manufacturing COVID-19 vaccines besides sourcing foreign shots. The orientation was stated by the prime minister during his presiding over a government meeting on Monday. Phuc assigned the Ministry of Heath as the leader of a consortium including the Ministry of Science and Technology and relevant agencies, whose responsibility is evaluating the vaccine manufacturing capacity of domestic firms to provide them with timely assistance.

Vietnam prioritizes domestic COVID-19 jabs over foreign procurement

More Japanese firms opt for Vietnam after China

www.vnexpress.vn Twenty-two more Japanese firms have registered Vietnam as their next investment destination under a scheme in which the Japanese government will fund a production shift from China. With the latest additions, 37 out of 81 Japanese firms receiving the government's subsidies to move factories out of China and set them up in Southeast Asian markets have opted for Vietnam, Japanese ambassador to Vietnam Yamada Takio said at a conference between Japanese firms and the Vietnamese government Monday.In July, the Japan External Trade Organization (Jetro) released an official list of 15 Japanese firms that had chosen to move to Vietnam. Most of these firms make medical equipment while the rest produce semiconductors, phone components, air conditioners or power modules.

More Japanese firms opt for Vietnam after China

Raft of developments far behind schedule

www.vir.com.vn The approval of the proposed merger of districts 2, 9, and Thu Duc in Ho Chi Minh City is hoped to open doors for local economic growth, in the real estate sector in particular. However, weaknesses in infrastructure and long-delayed property projects remain the biggest obstacles to success. Tran Quang Lam, director of Ho Chi Minh City Department of Transport, said that the future Thu Duc City would demand about VND300 trillion ($13 billion) to upgrade transport infrastructure.

Binh Dinh encourages investments in solar and wind power

www.thesaigontimes.vn Three rooftop solar power projects at the Phu Tai Industrial Park, Quy Nhon City, Binh Dinh Province, with a total investment of VND43.54 billion will be put into operation later this year. Approved by the Binh Dinh Economic Zone and Industrial Parks Authority, these projects are invested in by Nam Quan Energy Co., Phuoc Hoa Production and Trade Co. and Quang Nam Industrial Investment and Construction Co., with a capacity of 990 KWP, 810 KWP and 974 KWP, respectively.

colliers.com/vietnam

Colliers News Industrial real estate attraction in Chu Lai Open Economic Zone

www.baoquangnam.vn According to a market report by Colliers International, the worldâ&#x20AC;&#x2122;s leading group in real estate management and investment, industrial real estate is a new development trend. Thanks to the well-controlled Covid-19, Vietnamese economy has seen many positive changes. In addition to Foxcon, a number of other large enterprises also plan to move their manufacturing plants from China to Vietnam, typically Microsoft. Along with this wave of development, many investors have put resources to develop urban infrastructure projects into Chu Lai, according to Quang Nam's strategy, development of Chu Lai Open Economic Zone continues to be the driving force growth pole which is not only for Southeastern region of Quang Nam, but also for the Central - Central Highlands region.

Industrial real estate attraction in Chu Lai Open Economic Zone

Vietnamese billionaire launches global sci-tech prizee

www.vnexpress.net Vietnamese billionaire Pham Nhat Vuong and his wife have launched one of the world's largest annual prizes in science and technology. Vuong, 52, founder and chairman of the largest Vietnamese private conglomerate, Vingroup, and his wife Pham Thu Huong, have created an annual VND104.5 billion ($4.5 million) award for breakthrough scientific research and technological innovations by anyone of any age from anywhere in the world. In a statement announcing the prize, the couple said: "Making a positive change to bring a better life for everyone is our goal - in business as well as in life.

Vietnam to strengthen pandemic prevention ahead of biggest holiday

Big real estate company get ready to launch a series of billion USD projects in Hai Phong

www.cafef.vn The Hai Phong real estate market in 2021 is forecast to be more active with the appearance of a series of large-scale projects with billions of USD to be built from urban areas to industrial zones. The key point has just been approved by the Standing Committee of Hai Phong City Party Committee to build the period of 2021 -2025, mostly infrastructure projects, new urban centers and industrial zones.

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.

Lowest in 10 years, Vietnam 2020 growth among world's highest

www.vnexpress.net A 4.48 percent Q4 growth has propelled Vietnam’s annual growth to 2.91 percent for the year, the General Statistics Office said Sunday afternoon. "This is the lowest GDP growth level in the 2011-2020 period. However, given the negative impacts of the Covid-19 pandemic, it is considered a success for Vietnam, with the growth rate among the world’s highest," Nguyen Thi Huong, head of the GSO, said at a press briefing.

Lowest in 10 years, Vietnam 2020 growth among world's highest

Thailand dominates Vietnam’s car imports

www.vietnaminsider.vn In November, 2020, Vietnam imported 5,927 cars from Thailand with a total value of over USD125 million. In October, the country imported 7,599 cars from Thailand, valued at over USD150 million, the department reported on December 25. In the first 11 months of this year, the number of cars imported from Thailand reached 44,697 units with a value of Thailand dominates Vietnam’s car imports USD913 million, accounting for half of the imports, the report said. Car imports from Indonesia make up 36% with 32,691 units valued at over USD410 million.

2021 there will be no real estate bubbles, prices will continue to rise due to a severe shortage of supply

www.cafef.vn The current slowdown of the real estate market has made many people think of the gloomy picture in the 2011-2013 period. But for investors, businesses who have gone through both crises still feel the difference in the movement. According to experts, although house prices have risen sharply over the past time, but have not set a peak, the room for price increases is still large.

Southern key economic region needs to enhance connectivity to thrive: experts

www.vietnamnews.vn Localities in the southern key economic region need to set up an “investment fund” to develop transport infrastructure to enhance connectivity in the region to ensure sustainable growth, experts have said. The funding, to be used for technical assistance projects, construction of road infrastructure, technology and logistics centres and human resource training, could be sourced from the Government, provinces and cities as well as from local and foreign investors, they said.

The growth driver of the apartment segment in Bien Hoa

www.vnexpress.net There is a trend of real estate developers moving their investments from big cities of Hanoi and Ho Chi The The EU market is one of the main export markets of Danang. The effect of EVFTA is the foundation and leverage for Da Nang and its EU partners to promote trade cooperation, increase import and export turnover. Da Nang is also considered by EU partners as an attractive destination for "green" 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 Healthy foreign investment in spite of tumultuous year

www.vir.com.vn Overseas investment into Vietnam’s real estate market this year remained attractive for as a new wave of funding found its way into the country despite 2020’s restrictions. Peter Dinning, chairman of Colliers International Vietnam, shares his thoughts about this flow and expectations for the new year. Prior to the COVID-19 pandemic we were seeing many well-established foreign investors continuing to expand their portfolio in the real estate sector in Vietnam as well as welcoming many new investors who had begun to look at investing directly into projects, potentially partnering with Vietnamese companies to take part in the growing and exciting real estate sector. Unfortunately, the world was hit by a crisis which, while some had predicted, most had not foreseen the huge implications on the world economy.

Mr. Peter Dinning Chairman | Colliers International Vietnam

Saigon’s second metro line at risk of capital delays

www.vnexpress.net A $500 million plus loan agreement for Saigon’s second metro line expires in three days with the project lacking a key prerequisite, an independent consultant. In a document issued Sunday, Deputy Minister of Planning and Investment Tran Quoc Phuong urged the Ho Chi Minh City People’s Committee to re-mobilize an independent consultant (IC) for the purpose. An operating independent consultant is needed to extend a loan agreement with the German state-owned development bank KfW that expires December 30.

New parent company to manage Vietnam’s major bourses

Saigon’s second metro line at risk of capital delays

www.vnexpress.net A new state-owned company will be set up to manage the Ho Chi Minh City Stock Exchange (HoSE) and Hanoi Stock Exchange (HNX). Prime Minister Nguyen Xuan Phuc signed a decision Monday to establish the Vietnam Stock Exchange, which will be a parent company holding 100 percent stake in both the HoSE and HNX with the aim of reorganizing both bourses. The Vietnam Stock Exchange will be a one-member limited liability company wholly owned by the State, headquartered in Hanoi, with a chartered capital of VND3 trillion ($129.3 million).

colliers.com/vietnam

INVESTMENT PROJECT RESIDENTAIL DVELOPMENT SITE IN NHA BE Phuoc Kien Ward, Nha Be District, HCMC

Summary Information • Location: Nguyen Huu Tho Street, Phuoc Kien Ward, Nha Be District, HCMC, VN • Land Area: 9,954.8 sq.m • Land Tenure: Freehold • Legal Status: Vacant land • LandUse Purpose: Residential (Low-rise) • Transaction Type: Asset Transfer or Project Transfer

Site Plan

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

• Residential › Next to Galleria - a low rise existing residences › 1km to Dragon Hill Apartment Building › Opposite to Metro City Project • Commercial & Facillites › Under 2km to Area 20 Park, local school, administration and hospital › Under 6km to other shopping mall such as Cresent Mall, SC Vivo City, Lotte Mart D7

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

• Accessibility › Facade of the project is on Nguyen Huu Tho Street, connect directly and easily to access to other districts › Approximately 10km away from the CBD

INVESTMENT

HIGHLIGHTS

• Prime locaation Phuoc Kien Ward, Nha Be District, which conveniently, easilly access to other districts. • Clean and clear legal document, ready for acquisition. • Surrounding by residental projetcs/ existing residences - an added advantage for commercial development.

Him Lam Urban Area Trung Son Residences Him Lam Residences Nguyen Van Linh Blvd.

Kim Son Residences

Phu My Hung Urban Area

6B Intresco Residences T30 Residences

Dragon Hill Apt Building

• Advantage from future Metro Line No.4 on Nguyen Huu Tho Street • Flexible design and adjustable development framework

Galleria

SC Metro City Project

The Site

Accelerating success.

INVESTMENT PROJECT 15HA BONDED LOGISTIC HUB DINH VU DEEP C I INDUSTRIAL ZONE

Accessibility and Transportation

The Property is strategically in Dinh Vu Deep C I Industrial Zone, which has been developed and operating since 1997, within the Dinh Vu – Cat Hai. Dinh Vu Industrial Zone is in the Dinh Vu peninsula – on the lower river from Haiphong to the sea, on the continental shelf of the Gulf of Tonkin. One of the advantages of the IZ is adjacent to the new Haiphong International Gateway Port (Lach Huyen Deep Sea Port), Cat Bi International Airport, and North Vietnam Coastal Expressway, etc.

INVESTMENT

HIGHLIGHTS

• Clean and clear legal documents, ready for acquisition • Surrounding by fully developed infrastructure and amenties • Modern, well constructed, clean and secure warehouse system for any kind of products, especially heavy product • Strategic location within Dinh Vu – Cat Hai Economic • Zone with many investment incentives (tax, land use fee, etc.) • Local entity set up and held 100% offshore by a International private owner

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

Thuy Nguyen Analyst | Capital Markets Main: +84 8 3827 5665 MB: +84 961 524 757 Email: Thuy.Nguyen@colliers.com

Accelerating success.

COLLIERS INTERNATIONAL HO CHI MINH OFFICE Deutsches Haus HCMC, 33 Le Duan, 3rd Floor HCMC, Vietnam Tel +84 (28) 3827 5665 Fax +84 (28) 3827 5667 HANOI OFFICE Floor 2, Toong IPH, 241 Xuan Thuy, Cau Giay District, Hanoi, Vietnam Tel +84 (24) 6294 3393 CAMBODIA OFFICE 93 SI Building , Preah Sihanouk, Sangkat Chaktomok, Khan Doun Penh, Phnom Penh, Cambodia

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