Monthly Real Estate News I Feb 2022 by Vietnam Realty

Vietnam Monthly Real Estate News February 2022

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Daily Real Estate News Highlights Top 5 -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

These are the reasons why river view property has never cooled down despite the volatile market www.cafef.vn Mr. David Jackson, CEO of Colliers Vietnam said that when the rich spent money to buy riverside villas, they were especially interested in living experiences. Not only in Vietnam but also around the world, the rich were especially fond of riverside villas. This came from the feeling of relaxation that the river space brought to people. Riverside areas often had open spaces and fresh air. That was the space of happiness and peace. In addition, in the opinion of many people, water was also an element that brought fortune and luck. The riverside space which ensured the elements of security, convenience to move (even by river) and full surrounding facilities would always be sought after.

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

Second phase of project linking Hanoi-Hai Phong, Cau Gie-Ninh Binh expressways begins www.vietnamplus.vn President Nguyen Xuan Phuc on February 7 attended the ground-breaking ceremony of the second phase of a project building a road connecting Hanoi-Hai Phong and Cau Gie-Ninh Binh expressways. The 16.3km road, which runs from Bac Ly commune, Ly Nhan district to Liem Tuyen ward, Phu Ly city, Ha Nam province, will be constructed at a total cost of 708.82 billion VND (31.27 million USD) with Ha Nam’s Transport Department as the investor, and Xuan Truong Construction Enterprise as the constructor.

Second phase of project linking Hanoi-Hai Phong, Cau Gie-Ninh Binh expressways begins

Nam Dinh steps up tree planting in protection, special-use forests www.vietnamplus.vn The northern province of Nam Dinh has set a target to grow more than 1.2 million trees on the occasion of this year’s tree planting festival, Vice Chairman of the provincial People’s Committee Tran Anh Dung said. Of the figure, more than 200 ha will be newly-planted trees in protection forests and special-use ones in coastal areas. It is part of activities in the implementation of a project to grow one billion trees in the 2021-25 period approved by the Prime Minister, as well as to raise public awareness of forest planting and protection.

colliers.com/en-vn

Colliers News

Real estate market 'breaks out' from economic stimulus packages www.baotintuc.vn A review by Colliers Vietnam (the world's leading company in the field of real estate services operating in Vietnam) shows that the supply in 2022 will be improved with many new projects by domestic and foreign investor compared to 2021. However, due to the scarcity of land in the inner city, new projects in the mid-end segment will mainly focus on suburban districts. The central land fund will be prioritized for the development of luxury and high-end housing projects. Therefore, housing prices are expected to maintain an average growth momentum of 3-7% in 2022 across segments.

Real estate market 'breaks out' from economic stimulus packages

Three bridges expected to bring jolt to HCMC www.vnexpress.vn The Can Gio, Cat Lai and Thu Thiem 4 bridges, worth more than VND21 trillion ($926 million), will help link regions and ease HCMC's infrastructure bottlenecks. The largest scale is Can Gio Bridge, with a total investment of nearly VND10 trillion. The bridge crosses Soai Rap River, connecting outskirt districts of Can Gio and Nha Be to the center of Ho Chi Minh City. Six years ago, then Prime Minister Nguyen Xuan Phuc agreed to assign the Ministry of Transport to review and add this project to the transport development plan for HCMC until 2020, with a vision after 2020.

An artist's impression of Can Gio Bridge

Petrolimex reports over VND2.8t of net profit in 2021 www.thesaigontimes.vn The Vietnam National Petroleum Group (Petrolimex/PLX) announced that its consolidated net profit in 2021 reached VND2.83 trillion, up three times year-on-year.In the last quarter of last year, the parent company reported VND455 billion of profit after tax, declining 67% versus the year-ago figure. Its volume of petroleum sold in the period was equal to 90% of the previous year’s period due to the impact of the Covid-19 pandemic. The pandemic also slashed the Group’s earnings from non-petroleum business activities. PLX’s consolidated net profit in the fourth quarter of 2021 was VND595 billion, falling 36% against the previous year.

colliers.com/en-vn

Colliers News

Domestic enterprises are gradually accelerating the expansion of retail space www.cafef.vn Reporting on the retail market in the last quarter of 2021, Colliers Vietnam said that the retail market tends to recover when the Government decides to change the social distancing to a "new normal". After a long period of lockdown due to the pandemic, the rental price of the premises was recorded to increase slightly or keep the old rental rate of the previous quarter. In the central area of Ho Chi Minh City, the average rental rate in commercial centers is at USD 115/m2/month, with an average vacancy rate of about 5%. The average rental rate in the non-CBD area is from about USD 24.5/m2/month, the average vacancy rate is about 14%.

Domestic enterprises are gradually accelerating the expansion of retail space

Việt Nam working to become innovation magnet in Southeast Asia www.vietnamnews.vn The COVID-19 pandemic, which has touched every aspect of society, has failed to cool down the startup and innovation spirit but, on the contrary, created major influence, contributing to economic development and recovery, according to insiders. Việt Nam’s booming startup and innovation environment is attributable to efforts by the Government and relevant ministries, sectors and communication agencies, especially the Vietnam National Innovation Centre (NIC) under the Ministry of Planning and Investment, they said.

Việt Nam working to become innovation magnet in Southeast Asia

Vietnamese economy to recover fast in 2022: Fitch Ratings www.vir.com.vn Vietnam’s recovery is set to gather momentum in 2022, as domestic demand rebounds and export performance remains strong, according to Fitch Ratings. In its recent report, Fitch said that improving levels of vaccination in the country should reduce the risk that the recovery is set back by further COVID-19 outbreaks.

Long-term plan encourages foreign investment in seaport development

www.vir.com.vn The planning of Vietnam's seaports for the next decade sets a target of creating a breakthrough in the seaport system and the attraction of more foreign investment. Under a Prime Minister’s decision approving the Vietnam’s seaport plan in the 2021-2030 period with a vision to 2050, seaports are divided into different groups depending on the scale and function. The seaport system is connected with railway and waterway routes as well as the national highway and local road system. colliers.com/en-vn

Daily Real Estate News Highlights Top 5 -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

Why does real estate still hold the position of the safest investment channel? www.cafef.vn Mr. David Jackson, CEO of Colliers Vietnam, said that apartment prices in Ho Chi Minh City were already at a very high level and continued to increase. Therefore, the dream of finding a mid-range apartment was quite difficult, so many people decided to move to the coastal provinces, including Binh Duong. According to Colliers Vietnam expert, compared with Ho Chi Minh City, Binh Duong's land fund was more, the land price was lower, so it was also more convenient for investors to develop mid-range apartment projects. Binh Duong also had many job opportunities while the service facilities were also very complete and of high quality in areas such as education, health care, shopping or entertainment, so it had been being a "promising land" for everyone. Therefore, not only mid-range apartments but also in other segments had great development opportunities.

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

Vietnam becomes co-chair of OECD’s Southeast Asia Regional Programme www.vietnamplus.vn Vietnam, together with Australia, officially took the charge of the co-chair of the Organisation for Economic Cooperation and Development (OECD)-run Southeast Asia Regional Programme Vietnam and Australia receive the (SEARP) for 2022-2025 during the second Ministerial Conference of position of the co-chairs of the SEARP the SEARP in Seoul on February 9. OECD Secretary General Mathias from Thailand and the RoK. (Photo: VNA) Cormann affirmed that ASEAN is a strategic priority area, underlining that the organisation hopes to promote cooperation with and support for ASEAN member countries in economic reform and getting closer to OECD standards.

Masan acquires majority stake in Phuc Long tea chain www.vnexpress.vn Conglomerate Masan announced Wednesday that it has spent an additional $110 million to increase its ownership in the Phuc Long beverage chain from 31 percent to 51 percent. Masan first bought a 20 percent stake in Phuc Long in May last year for $15 million. The latest purchase puts the valuation of the tea and coffee chain at $355 million.

colliers.com/en-vn

Daily Real Estate News Highlights Top 5 - 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

Industrial real estate continues to be "in the spotlight" thanks to many positive factors www.reatimes.vn Judging by regions, experts from Colliers Vietnam said that in the Central region, the Da Nang market was currently attracting a large number of foreign investors to research and produce. For the Southern region, Colliers Vietnam expected that in 2022, Binh Duong would be a hot spot to attract enterprises to invest in industrial real estate. Mr. David Jackson, CEO of Colliers Vietnam said: “Industrial and logistics real estate is a rare segment that still grows despite the pandemic due to its own advantages. With the positive impact of signed FTAs along with the strong growth momentum of e-commerce, this is likely to be the brightest segment in the new year 2022.

Industrial real estate continues to be "in the spotlight" thanks to many positive factors

Vietnam is expected to become a new production hub of the world www.vnexpress.vn The news agency noted that last year, Vietnam enjoyed good results in foreign direct investment attraction, and drew hundreds of millions of USD right in the beginning of 2022. This showed the strong confidence of investors, including many giant firms such as Foxconn, LEGO and Nike, in the country’s economic prospects.

A Shoe Factory in Vietnam

Ben Thanh-Suoi Tien metro line to be put on trial run this year www.vov.vn Ho Chi Minh City’s metro line No 1 linking Ben Thanh market and Suoi Tien Amusement Park is set to be given a trial run from Long Binh depot to Ben Thanh station before December 31, according to the Ho Chi Minh City Urban Railway Management Board. This information was unveiled at a ceremony held on February 10 to kick-start incomplete components of the metro route project. Addressing the event, Le Hoa Binh, deputy head of the municipal government, emphasised that despite the adverse impact of the COVID-19 pandemic, the metro line No 1 has so far fulfilled 89% of its workload. Eleven trains have been imported to Vietnam and they are ready for the test run.

An Phat Holdings broke ground on Southeast Asia's largest green materials factory www.vir.com.vn An Phat Holdings has organised the ground-breaking ceremony for the PBAT Compostable Resin Plant, which is the largest of its kind in Southeast Asia. The PBAT Compostable Resin Plant is the first green material factory in Southeast Asia among several high-tech investment projects.

colliers.com/en-vn

Colliers News

Will cash flow continue to flow strongly into real estate in 2022? www.vietnambiz.vn According to the forecast of Mr. David Jackson, CEO of Colliers Vietnam, there are many main driving forces for the market in the coming time, including a series of supportive policies on real estate legal, abundant FDI inflows in Vietnam, highly increasing housing demand and public investment have been promoted. "2022 will be a year that will see a large amount of cash poured into real estate in all segments. This cash flow comes from foreign investors, professional investment funds and individual investor groups" said Mr. David Jackson.

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

Restrictions on international flights to be removed from February 15 www.vietnamplus.vn The Civil Aviation Authority of Vietnam (CAAV) has asked the Vietnam Air Traffic Management Corporation (VATM) to issue a Notice To Airmen (NOTAM) on the lifting of all restrictions on international flights from February 15, returning to the normal situation as before the outbreak of COVID-19. According to the CAAV, limits on the number of inbound and outbound international flights in Vietnam will be removed. Meanwhile, regulations on entry and pandemic prevention and control for passengers entering Vietnam will continue to be implemented in line with guidelines of the Ministry of Public Security, the Ministry of Foreign Affairs, and the Ministry of Health, the authority said.

Restrictions on international flights to be removed from February 15

PM urges effective implementation of socio-economic recovery, development programme www.vietnamplus.vn Prime Minister Pham Minh Chinh on February 12 signed a dispatch urging the drastic and effective implementation of the socio-economic recovery and development programme as well as the acceleration of the disbursement of public investment. Accordingly, the Prime Minister requested the synchronous and effective implementation of the COVID-19 pandemic prevention and control programme for 2022-2023 and working to ensure safe production and business.

colliers.com/en-vn

Colliers News In 2022, real estate mergers and acquisitions will be more exciting www.baotainguyenmoitruong.vn David Jackson - CEO of Colliers Vietnam said that in 2021, despite the effects of the pandemic, real estate would still be one of the fields with the highest total value of M&A transactions. In addition, real estate transactions valued at over USD 100 mil were increasing day by day, and domestic enterprises also played a leading role. “In 2022, the real estate market is likely to continue to be active with M&A deals. The important reason is that enterprises with strong potential will shorten the time to enter the market with each specific project in the context of increasingly limited land fund. In addition, the Covid-19 pandemic has also caused many enterprises to suffer a lot of losses, no longer able to develop unfinished projects and had to sell them to enterprises with better financial potential" , Mr. David Jackson analyzed.

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

Vietnam’s electric car market expected to blossom in 2022 www.vir.com.vn Last year, VinFast, a Vietnam-based private automotive startup manufacturer belonging to leading conglomerate Vingroup, launched the first made-in-Vietnam electric car model, the VF e34. The introduction of the new model ushered in the transition from cars using internal combustion engines (ICE) to zero-emissions and environmental-friendly electric vehicles in the country.

The local auto industry aims to manufacture about one million electric cars of all types by 2030

Vietnam mulls new int'l airport in Hai Phong www.vnexpress.vn The transport ministry would look into building a new international airport in northern port city of Hai Phong, the government office stated Friday. Prime Minister Pham Minh Chinh has instructed the Ministry of Transport to build Tien Lang International Airport in Tien Lang District as part of the national airport system development plan for the 2021-2030 period, with vision until 2050. He has also agreed to an initiative to adjust planning for the city's current international airport, Cat Bi, with an expected capacity of 13 million visitors by 2030 and 16.6 million visitors by 2040.

colliers.com/en-vn

Colliers News This segment is forecasted to remain its heat in 2022 thanks to two drivers www.vietnambiz.vn Mr. David Jackson, CEO of Colliers also made a forecast, in the most optimistic scenario when economic activities were fully restored, segments would also recover at different speeds. In particular, industrial real estate was one of the segments that would have many advantages to regain and continue the strong growth momentum right in 2022. Sharing the same view, Mr. Chi Vu, Industrial Manager, Retails and Industrial Services, Colliers Vietnam assessed that, in 2022, it was likely that industrial real estate would continue to shine.

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

Hanoi spends nearly 80 million USD ensuring traffic safety in 2021-25 www.vietnamplus.vn

The capital city of Hanoi will spend a total of over 1.8 trillion VND (79.1 million USD) on mitigating traffic congestion and ensuring traffic safety in the city for the 2021-2025 period. The municipal People’s Committee has recently issued a plan on the implementation of the municipal People’s Council-passed target programme on these tasks.

Hanoi spends nearly 80 million USD ensuring traffic safety in 2021-25

Land area for Long Thanh International Airport to be cleared in Q2 www.vir.com.vn Deputy Minister of Transport Le Anh Tuan and Deputy Chairman of Dong Nai People’s Committee Vo Tan Duc on February 11 worked with departments, Long Thanh People’s Committee, and the investor – Airports Corporation of Vietnam (ACV) – on the project. Tuan emphasised that the project is of national importance and proposed accelerating site clearance. He asks the ACV to quicken the completion of procedures. According to the Long Thanh district's authorities, they have already approved the compensation plan for affected households, covering an area of over 2,300 hectares out of the total area of 2,900ha, while the remaining 281ha are now being worked on. Dong Nai has so far handed over nearly 1,500ha out of the total 2,500ha to serve the construction of the airport’s first phase. Drilling and surveying will be carried out this month.

colliers.com/en-vn

Daily Real Estate News Highlights Top 5 - 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 Commercial real estate is soon vibrant again www.reatimes.vn Looking at the development trend of the real estate market in general in 2022, Colliers leaders analyzed, in the most optimistic scenario when economic activities were fully restored, segments would also recover at different speeds. Industrial, residential and office real estate would have many advantages to regain and continue the strong growth momentum from the beginning of the year. Meanwhile, the hotel and resort real estate segments need more time and are closely related to the recovery of the tourism industry.

Commercial real estate is soon vibrant again

Samsung invests another $920 mln in northern plant www.vnexpress.vn Samsung has received permission to invest an additional $920 million in its electronic components plant in the northern province of Thai Nguyen. The license, awarded to the South Korean’s electronics giant’s Samsung Electro-Mechanics unit, will increase its total registered investment in the province by 68 percent to $2.27 billion

Samsung's plant in Thai Nguyen Province. Photo courtesy of Samsung

Viettel Construction to make debut on HoSE next week www.thesaigontimes.vn Viettel Construction Joint Stock Corporation will list nearly 93 million shares, valued over VND929 billion, on the Hochiminh Stock Exchange (HoSE) on February 23 under the stock code CTR, according to an announcement of HoSE. Its reference share price on the first trading session is VND84,500, with a margin of 20%.

Vietnamese conglomerate FLC proposes $3.5bn project in Ho Chi Minh City suburb

www.tuoitrenews.vn Vietnamese conglomerate FLC has proposed developing a 1,200-hectare urban area complex project at a cost of about US$3.5 billion in Binh Chanh District, Ho Chi Minh City. An official in Binh Chanh District told Tuoi Tre (Youth) newspaper on Wednesday that the district’s Party Committee had held a meeting with FLC Group to review a report on the investment project. With a planned cost of about VND80 trillion ($3.5 billion), the project will cover nearly 1,200 hectares in Binh Chanh District’s Tan Nhut and Binh Loi Communes, roughly 10 kilometers from downtown Ho Chi Minh City and 15 kilometers from Tan Son Nhat International Airport. The highlight will be a 99-story tower located at the core of the project, which is expected to become a new iconic building in the western part of Ho Chi Minh City.

colliers.com/en-vn

Colliers News Will there be a 'real estate bubble' in 2022? www. theleader.vn The fact that real estate prices are increasing faster than the development of the economy is raising concerns about the risk of a real estate bubble in the market. Mr. David Jackson, CEO of Colliers Vietnam said that this was easy to explain. When the economy's growth slowed down, investment activities in manufacturing industries were disrupted, it was obvious when many people and investors considered real estate as a safe haven and long-term investment. It was not to mention that every year countries had certain inflation. In addition, disruptions in the supply chain and high material prices also caused real estate prices to tend to increase. In Vietnam, the real estate market also had similar developments.

Cash flow strongly poured into financial investment channels, real estate.

Vietnam urges ASEAN to adopt mutual acceptance of vaccine passports www.vnexpress.vn

Vietnam's foreign minister has proposed that ASEAN member nations accept each other's vaccine passports to facilitate travel resumption and post-Covid recovery. Minister Bui Thanh Son made the proposal at the ASEAN Foreign Ministers’ Meeting Retreat (AMMR) held in Cambodia Wednesday and Thursday, according to the Ministry of Foreign Affairs.

Leaders participate in the ASEAN Foreign Ministers’ Meeting Retreat (AMMR) in Phnom Penh, Cambodia, February 17, 2022.

Vietnam officially approves drugs produced by local firms to be used in the treatment of COVID-19 www.vietnaminsider.vn The Drug Administration of Vietnam under the Ministry of Health on February 17 granted permission for circulation of three drugs containing Molnupiravir manufactured in Vietnam for the treatment of Covid-19. Accordingly, three licensed drugs include Molravir 400 with Molnupiravir 400mg in the form of hard capsule produced by Boston Pharmaceutical Joint Stock Company Vietnam, Movinavir 200mg Molnupiravir in the hard capsule form, manufactured by Mekophar Pharmaceutical Chemical Joint Stock Company, and hard-shelled capsule Molnuporavir Stella 400 of 400mg Molnupiravir manufactured by Stellapharm Joint Venture Company.

colliers.com/en-vn

Colliers News Apartment prices increase by hundreds of millions of dong www.vnexpress.net Colliers' Vietnam real estate market research report in the last quarter of 2021 showed that apartment transactions in Hanoi increased sharply due to high demand after the pandemic. Because of that, the selling price increased by 5-10% compared to Q4/2020, especially projects located in the West and East of Hanoi - which have potential for infrastructure development. This brand also assessed that the price increase trend in 2022 was expected to continue for projects with beautiful and high-class locations due to increased land prices and construction costs. Besides, according to Colliers, in the region, housing prices in Hanoi are very competitive and the prospect of capital growth and high yields are attracting foreign interest.

EU pledges support development areas

for

Vietnam’s

Apartment prices increase by hundreds of millions of dong

prioritised

www.vnexpress.vn

The EU supports and promotes co-operation with Vietnam in prioritised areas through private investment capital, as well as from the EU and other international financial sources. Frans Timmermans, the vice president of the European Commission, Deputy PM Le Van Thanh welcomes EC Vice President Frans Timmermans who is currently in Hanoi for a working visit, made these assurances in Hanoi on February 18 during talks with Deputy Prime Minister Le Van Thanh in Hanoi on February 18.

US investors want to build Disneyland in Ho Chi Minh City: Vietnamese tycoon www.tuoitrenews.vn A number of American investors have proposed building world-famous theme parks in Vietnam, including a Disneyland in Ho Chi Minh City, Johnathan Hanh Nguyen, business tycoon and chairman of Imex Pan Pacific Group (IPPG), told a discussion held in the southern city on Thursday. The event, organized by Nguoi Lao Dong (Laborers) newspaper, focused on creating a breakthrough for the economic development of Vietnam and Ho Chi Minh City. Construction of two other theme parks, Universal Studio in Hanoi and SeaWorld in south-central Khanh Hoa Province, has been also proposed by the U.S. investors, according to Nguyen, whose IPPG is well known as one of the biggest multi-business corporates in Vietnam operating in different fields, including fashion, F&B, real estate, and non-aviation services.

colliers.com/en-vn

Colliers News The price of primary apartments has increased, buyers choose the apartment that has been handed over? www.cafef.vn According to Mr. David Jackson, CEO of Colliers Vietnam, currently many customers are looking to buy secondary apartments. The reason is that a certain number of secondary apartments are priced lower than primary apartments in many projects. Looking at the fact that real estate prices are getting more and more expensive, especially in big cities, many people must be anxious to find a place to live as soon as possible because they are afraid that housing prices will soon get out of their reach. In addition, after the "phobias" caused by the outbreaks of the Covid-19 pandemic, people also have a strong belief that if they have their own apartment, maintaining health and preventing pandemic for their families would be better than living in boarding houses.

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

Restoring the economy and developing supply chain in the new normal www.vir.com.vn The annual Vietnam Business Forum, which currently takes place in Hanoi, is providing comments and solutions for restoring the economy and developing supply chains in the new normal. The event, co-chaired by the Ministry of Planning and Investment (MPI), International Finance Corporation, and VBF Consortium, is attended by hundreds of government leaders and representatives from ministries, associations, and the business community.

The technical session of VBF took place a few days ago

Australia invests in supporting Vietnamese start-ups www.vov.vn The Australian Government has pledged an investment of AUD4.9 million, equivalent to approximately US$3.5 million, in Ascend Vietnam Ventures, a Vietnamese venture capital fund which will support local burgeoning technology startup market, according to the Australian Embassy in Vietnam.

Bamboo Airways serves Vietnam - Australia flights

www.vnexpress.vn Bamboo Airways' flights connecting HCMC and Melbourne on Feb. 19 and 20 marked a milestone in the airline’s journey of expanding internationally. On Feb. 19, Melbourne Airport and Bamboo Airways celebrated the first nonstop HCMC - Melbourne flight and handed out gifts to passengers. On Feb. 20, Bamboo Airways organized a ceremony for its first Vietnam - Australia flights in 2022 at Tan Son Nhat International Airport. At the ceremony, colliers.com/en-vn

Colliers News Apartment prices will continue to increase in 2022? www.tienphong.vn According to Colliers' Vietnam real estate market research report, in Q4/2021, apartment transactions in Hanoi increased sharply due to high demand after the pandemic, leading to a 5-10% increase in selling prices compared to Q4/2020, especially projects located in the west and east of Hanoi - places with potential for infrastructure development. Therefore, Colliers believes that the upward trend in prices in 2022 is expected to continue for projects with prime and high-class locations due to increased land prices and construction costs. "In the long term, with the development of public investment, especially infrastructure development that directly impacts real estate, it will become the main growth driver of the market in the coming years," said the representative of Colliers.

Apartment prices in 2022 are forecasted to continue to "escalate" due to scarcity of supply while high demand.

Climate change response Vietnam-US strategic cooperation area: Deputy PM www.vir.com.vn Deputy Prime Minister Pham Binh Minh on February 23 affirmed that climate change response is the area of strategic cooperation between Vietnam and the US. This is also a key, urgent task of the Vietnamese government to shift towards a green, circular, low-carbon development model, Minh told US Special Presidential Envoy for Climate John Kerry, who is on a visit to Vietnam from February 22-25. The Deputy PM called on Kerry to further support the US to increase its financial and technical assistance to Vietnam, helping the country fulfil the commitment of net-zero emissions by 2050 made at the 26th United Nations Climate Change Conference of the Parties (COP26).

Climate change response Vietnam-US strategic cooperation area: Deputy PM

New Zealand pledges to support Vietnam in pandemic fight and economic recovery www.vov.vn New Zealand will continue to join hands and support the ongoing Vietnamese pandemic prevention and economic recovery process through providing vaccine and medical aid. Governor-General of New Zealand Dame Cindy Kiro made the commitment while receiving newly-accredited Ambassador Nguyen Van Trung who came to present the Credential Letter of President Nguyen Xuan Phuc on February 22 in the capital of Wellington.

colliers.com/en-vn

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

Colliers News

Real estate investors quietly "collect goods", which areas are being noticed? www. cafef.vn Mr. David Jackson - CEO of Colliers Vietnam said that the supply of residential real estate in Ho Chi Minh City could be significantly improved by 2022. Due to the scarcity of land in the inner city, new projects in the mid-end segment would mainly focus on the East and suburban districts. The central land bank would be given priority to develop luxury and high-class housing projects. Housing prices were expected to maintain an average increase of 3-7% in all segments. Meanwhile, in Hanoi, new supply would come from large urban areas in the suburbs - where there was a large land bank. Although real estate prices in Hanoi were not as volatile as in Ho Chi Minh City, but still increasing steadily by 1-3% per year.

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

Ample room remains for Vietnam-Singapore trade growth www.vietnamplus.vn Vietnam is anticipating a great chance to further promote its trade with Singapore, which has yet to be on par with the potential of both nations, as President Nguyen Xuan Phuc is scheduled to pay a State visit to the city-state from February 24-26. Despite adverse impacts from the COVID-19 pandemic, bilateral trade hit 8.3 billion USD in 2021, up 23.3 percent from the previous year. In January 2022, the figure reached 783.9 million USD, an increase of 6.8 percent year on year.

Fukang Technology factory of Foxconn Singapore Pte., Ltd with total registered capital of 453 million USD is built in Quang Chau industrial park, Viet Yen district, Bac Giang province.

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Colliers News Property pins hopes on 2022 www.thesaigontimes.vn Mr. David Jackson: The year 2021 saw many strong fluctuations in the real estate market. This can be seen as a picture with a dominant gray color. But there are still bright spots that make us pin all our hopes on 2022. Speaking about the gray color of the market, the most obvious problem is the impact of the Covid-19 pandemic on the development and sales plans of developers. This makes the market, which already has a limited supply, even more deficient, leading to an imbalance between supply and demand. In particular, the affordable real estate segment is still absent. Along with that, land fever has occurred in many localities in the first months of 2021, causing market turmoil and affecting investor confidence. Fortunately, authorities and localities quickly issued warnings and planning information to stabilize the situation.

Mr. David Jackson CEO of Colliers Vietnam

Vietnam can be leader in transition to clean energy: US climate envoy www.vnexpress.vn Vietnam can set an example for clean energy adoption thanks to its natural advantages, the U.S.'s special presidential envoy for climate, John Kerry, said. "Greenhouse gases kill 10 million people per year around the world and we should not be willing to accept that," he told reporters in Ho Chi Minh City on Friday at the end of a four-day visit to Vietnam.

A solar power farm in Ninh Thuan Province in south-central Vietnam in 2019.

Hai Giang Peninsula of Quy Nhon set to become one of Asia's new dream destinations www.vir.com.vn Hai Giang Peninsula in Quy Nhon is emerging as a new destination for domestic and international tourism, thanks to various advantages in infrastructure and natural potential. As a priority investment area, Hai Giang inherits the advantages of Binh Dinh's infrastructure networks with international connectivity. Binh Dinh is considered an ocean gateway for the whole region with a coastline of 134km. The marine economy has therefore been chosen as the spearhead sector of the province, featuring sea tourism and logistics with a system of deep-water ports.

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Colliers Vietnam 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

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Cambodia Office

93 SI Building , Preah Sihanouk, Sangkat Chaktomok, Khan Doun Penh, Phnom Penh, Cambodia

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