Monthly Real Estate News | January 2021 by Vietnam Realty

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VIETNAM MONTHLY REAL ESTATE NEWS - January 2021 -

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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 to begin human trial of second COVID-19 vaccine this month

www.tuoitrenews.vn The human trial of Vietnam’s second COVID-19 vaccine is expected to begin within January, two months ahead of the original schedule. Covivac, a made-in-Vietnam COVID-19 vaccine developed by the Institute of Vaccines and Medical Biologicals (IVAC), will be tested on humans this month, said Duong Huu Thai, head of the IVAC.

Work on Long Thanh airport project to begin

www.sgtimes.net The Airports Corporation of Vietnam (ACV) will start work on the first phase of the Long Thanh international airport project in the southern province of Dong Nai on January 5, 2021. According to Decision 1777 on the approval of the first phase of the project, ACV will develop essential airport facilities, including apron, passenger and cargo terminals, taxiways and runways.

Vietnam to begin human trial of second COVID-19 vaccine this month

Vietnam one of few bright spots in global economy in 2021: experts

What Vietnam expects from free trade agreements

www.vietnaminsider.vn New free trade agreements (FTAs), which were signed and took effect in 2020, are expected to push Vietnam into becoming more competitive by reducing trading costs and improving its business environment. The European Union-Viet Nam Free Trade Agreement (EVFTA) took effect on August 1, paving the way for increased trade between the EU and Viet Nam. The Regional Comprehensive Economic Partnership (RCEP) Agreement was signed on November 15, 2020 after eight years of talks.

Vietnam one of few bright spots in global economy in 2021: experts

www.vnexpress.vn Vietnam begins 2021 with strong growth prospects underpinned by robust exports and FDI flows after having successfully contained the Covid-19 pandemic. Forecasts are unanimous that the economy is on track for a strong recovery, with HSBC projecting 8.1 percent growth this year and the World Bank, 6.8 percent. Vietnam’s exports grew at 6.5 percent in 2020, down from from 8.1 percent in 2019. Textile and garment exports, the third largest earner, declined for the first time in 25 years, falling by a substantial 10.2 percent. But most other items making up the top five saw growth.

Three industrial zones in Dong Nai province added to master plan

www.vietnaminsider.vn The prime minister has approved the proposal of the Ministry of Planning and Investment (MPI) to add some industrial zones in Dong Nai province to the master plan on industrial zone development. The three industrial zones (IZs) added to the master plan are Long Duc 3 IZ (253 hectres) in Long Thanh district's Long Duc commune, Bau Can-Tan Hiep IZ (2,627ha) in Long Thanh district's Bau Can and Tan Hiep communes, and Xuan Que-Nhan River IZ (3,595ha) in Cam My district's Xuan Que and Song Nhan communes.

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 Shaping the “players” who drive the housing market

www.dautubds.vn Abundant supply, good finance and long-term resistance to Covid-19 are the three minimum criteria that define the “players” leading the housing market in 2021. According to VNDirect's analysis, there were about 12 to 15 foreign real estate developers currently in Vietnam. According to Colliers Vietnam, in 2020, there were at least 10 new foreign real estate developers from Korea, Japan, China and Singapore looking for opportunities to enter the Vietnamese market.

Shaping the “players” who drive the housing market

Construction of Mỹ Thuận-Cần Thơ Expressway kicks off

www.reuters.com A groundbreaking ceremony for the construction of the My Thuan-Can Tho Expressway, an important project in the Mekong Delta region's transport system, was held in Vĩnh Long Province on Monday. The My Thuan-Can The Expressway is part of the Eastern section of the North-South Expressway project. It has a total investment of nearly VND4.9 billion (US$211 million) and is expected to be completed in 2022. The 23km expressway will pass through Vĩnh Long and Dong Thap provinces. It starts from the My Thuan Bridge 2 in Vĩnh Long City’s Tân Hòa Ward and ends at Chà Và intersection, connecting to National Highway No.1 in Bình Minh Town’s Thuan An Commune.

Construction of My Thuan-Can Tho Expressway kicks off

Vietnam buys Indian rice for first time in decades - industry officials

www.reuters.com Vietnam, the world’s third biggest exporter of rice, has started buying the grain from rival India for the first time in decades after local prices jumped to their highest in nine years amid limited domestic supplies, four industry officials told Reuters. The purchases highlight tightening supplies in Asia, which could lift rice prices in 2021 and even force traditional buyers of rice from Thailand and Vietnam to switch to India - the world’s biggest exporter of the grain.

HCM City infrastructure development to focus on services sector

www.bizhub.vn HCM City’s infrastructure development is focused on transforming the economy and making it servicesbased. The city Department of Planning and Construction has submitted to the People’s Committee the 2020 – 2045 programme for developing industrial infrastructure. It seeks to make the city the country’s leader in terms of combining the services sector with infrastructure development and linking commerce with services and urban areas with industrial parks.

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’s 2020 retail sales see lowest growth in nine years

www.vietnamplus Vietnam’s total revenue from retail trade and services reached over 5 quadrillion VND (219.5 billion USD) in 2020, representing a modest yearly rise of 2.6 percent, according to the General Statistics Office (GSO). This year’s retail sales growth was much lower than 9.5 percent seen in 2019 and was also the lowest rate in the 2011-2020 period due to the significant impact of the COVID-19 pandemic.

Vietnam’s 2020 retail sales see lowest growth in nine years

Fintech forecast to be robust this year, driven by the creation of regulatory sandbox

www.vnexplorer.net The regulatory sandbox for financial technology (fintech) which is expected to be created this year, coupled with efforts to promote the use of digital financial services, are expected to accelerate the development of fintech in Viet Nam. Viet Nam saw strong fintech development in 2020, partly fuelled by the COVID-19 pandemic which forced people to shift to cashless payments.

Ministry to assess Sa Pa airport project

HCMC breaks off series of overdue projects www.vir.com.vn

Ho Chi Minh City People’s Council has cancelled 61 projects which have failed to be implemented on schedule, with developers showing their incapability to move things forward. According to Ho Chi Minh City Department of Planning and Investment, the city has more than 130 projects delayed for years due to many reasons, including overlapping and complicated procedures, causing uncomfortable situations for local residents, and wasting land plots. Some of the land from the cancelled schemes will be reallocated for calling for new investors. Among those are a 23-hectare land plot and another 90ha land plot in Nha Be district, to serve for other purposes. So far, Ho Chi Minh City has more than 900ha of unused land and around 14,000 unused units, draining resources from the city’s budget and general investment of developers.

Ministry to assess Sa Pa airport project www.vnexplorer.net

The assessment of the Sa Pa airport project proposed by the northern mountainous province of Lao Cai has received the authorities’ nod to kick off. Deputy Prime Minister Trinh Dinh Dung has assigned the Ministry of Planning and Investment to assess the project and make relevant submission to the Prime Minister for his decision on investment policy. In 2018, Lao Cai proposed building an airport in Sa Pa resort town at a total cost of nearly 5.8 trillion VND (252 million USD) to the Ministry of Transport.

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 There is a technology platform that helps investors buy real estate overseas www.cafeland.vn Osborne, who used to work for Colliers International serving Hong Kong people looking to buy international real estate, pointed out that the biggest burden for developers selling in other markets was holding reputable real estate exhibitions in luxury hotels. The Du Val PropTech platform uses global real estate data and an algorithm to provide real-time pricing, data on rental market demand and profitability trends, and analytical tools and a comparison to allow investors to understand all the costs and taxes associated with their investment.

There is a technology platform that helps investors buy real estate overseas

Vietnam is ready to welcome FDI shift from China

www.ven.vn Vietnam has maintained its reputation as a safe investment destination, placing it at an advantage to attract investment shifted from China in the wake of the Covid-19 pandemic and international trade tensions. Vietnam is expected to attract a new wave of high-quality foreign investment soon. Dr. Vu Tien Loc, Chair of the Vietnam Chamber of Commerce and Industry (VCCI), said Japanese businesses are still optimistic about investment opportunities in Vietnam.

Vietnam is ready to ưelcome FDI shift from China

Property prices expected to rise 10 per cent in 2021 www.bizhub.vn

Real estate prices in 2021 are expected to increase by 10 per cent over the previous year, said Nguyen Van Dinh, deputy general secretary of the Viet Nam Real Estate Association (VNREA). Movements from the Government in 2021 would remove difficulties for the market. Stronger FDI inflows would be the impetus in the real estate market next year. In particular, at present, big investors in the market, mainly from Ha Noi and HCM City, are in a state of capital preservation. They made big profits and withdrew from Da Nang, Nha Trang and Phu Quoc markets before the market plunged. Their capital is waiting to be invested.

Consultancy cost for HCMC’s second metro line up by 12.6 million euros www.english.thesaigontimes.vn The Ministry of Planning and Investment has asked the HCMC government to state reasons for the tardiness in the signing of an agreement with the consulting firm of the project, Implementation Consultant (IC). The involvement of IC in the project is a requirement to extend the loan contract with German development bank KfW to the end of 2026, ask for additional loans and hold tenders for the main packages.

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 VnDirect predicted 3 trends that would 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 left many small scale developers facing 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 nine month 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 VnDirect). This was due to the fact that Vietnam has well controlled the Covid-19 outbreak.

VnDirect predicted 3 trends that would shape the real estate market in 2021

Việt Nam successfully escorts ASEAN through a tough year

www.vietnamnews.vn VietNam’s ASEAN Chairmanship Year 2020 has officially concluded, with the country successfully leading the association through a challenging 12 months and continuing to promote its role in the region as well as seizing new opportunities. The contributions made during the year prompted further success in the Party’s multilateral external policy. Throughout the year, under the theme “Cohesive & Responsive”, ASEAN member countries reached consensus on measures to respond to challenges, including those brought about by COVID-19.

More sci-tech development plans to be built in 2021

Viet Nem successfully escorts ASEAN through a touch year

www.vir.com.vn This year, the Ministry of Science and Technology will focus on building national sci-tech development plans for the next five years to promote socioeconomic development in the new era. Deputy Minister of Science and Technology Le Xuan Dinh made the statement at a meeting held on January 6 to review performance in 2020 and set key tasks for 2021. According to Dinh, 2021 is an especially significant year for Vietnam as the country begins to implement the 2021-2025 Socioeconomic Development Plan and the 2021-2030 Socioeconomic Development Strategy. The MoST will closely work with other ministries, agencies, and local authorities on a number of key national tasks.

US newspaper: US, Vietnam working to resolve trade issues

www.sggpnews.org.vn The Inside US Trade has published an article entitled “US, Vietnam working to avoid imposition of Section 301 tariffs”. The US and Vietnam are working to resolve trade issues to pre-empt the imposition of Section 301 tariffs, the article reported, citing a source familiar with the Office of the US Trade Representative (USTR)’s twin investigations into Vietnamese trade practices. USTR in October launched Section 301 investigations into Vietnam’s currency valuation and timber practices. After holding hearings for each last week, USTR gave interested parties the opportunity to submit post-hearing comments.

US newspaper: US, Vietnam working to resolve trade issues

Vietnam to begin work on international financial center in earnest

www.e.vnexpress.net After years of delay, Vietnam will begin implementing this year a plan to establish an international financial center in the country. The country now has "a once in a lifetime opportunity" to establish an international financial center (IFC), and major cities like Ho Chi Minh City and Da Nang should start hiring consultancies and building detailed plans to report to the government and the Politburo, the main decision making of the Communist Party, Minister of Planning and Investment Nguyen Chi Dung said at a recent forum.

Vietnam to begin work on international finance center in earnest

Investments in HCM City industrial parks surge

www.bizhub.vn HCM City’s industrial parks and export processing zones attracted US$747.6 million worth of investment last year, a 15.7 per cent increase from 2019. Announcing this, the HCM City Export Processing and Industrial Zones Authority said the impact of the COVID-19 meant FDI inflows were down 8.3 per cent to $363 million. There were 16 new foreign-invested projects worth $180.8 million, up 10.5 per cent. Supporting industries attracted $167.2 million, or a third of all new investment, from both foreign and domestic investors.

Phu Quoc becomes Vietnam’s first island city

www.english.thesaigontimes.vn The Kien Giang government on January 8 held a ceremony to announce the National Assembly (NA) Standing Committee’s resolution to establish Phu Quoc City and its wards, making Phu Quoc the first island city in Vietnam. According to the resolution, which took effect on January 1, Phu Quoc City has been established on the basis of the entire natural area and population of 179,480 people of Phu Quoc Province. The city has two wards—An Thoi and Duong Dong—and seven communes—Bai Thom, Cua Can, Cua Duong, Duong To, Ganh Dau, Ham Ninh and Tho Chau.

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.

UK, Vietnam sign deal to ensure post-Brexit trade, investment

www.ven.vn The United Kingdom-Vietnam Free Trade Agreement (UKVFTA) was officially inked in London on December 29, 2020. The two countries’ ambassadors were authorized to sign the deal as top Vietnamese officials were unable to travel to the UK amid the Covid-19 pandemic. Given the UK’s final departure from the European Union on December 31, the trade pact will prevent disruptions to bilateral trade. Minister of Industry and Trade Tran Tuan Anh affirmed that based on the commitments and standards inherited from the EU-Vietnam Free Trade Agreement (EVFTA), the UKVFTA will be a new driving force to promote bilateral trade and investment relations.

UK, Vietnam sign deal to ensure post-Brexit trade, investment

E-commerce anticipated to record stellar growth in 2021

www.vov.vn With a population of over 95 million people, coupled with young demographics and high levels of Internet access, the local e-commerce market is set to enjoy growth in the future thanks to these solid foundations, according to the Ministry of Industry and Trade (MoIT). Following the growth of e-commerce over previous years, in addition to the growth of electronic payment methods, the Ministry of Industry and Trade are set to focus on developing e-commerce infrastructure in the year ahead.

E-commerce antipated to record stellar growth in 2021

Noi Bai, Tan Son Nhat airport runway upgrades complete

www.e.vnexpress.net An upgraded runway each at the Tan Son Nhat and Noi Bai Airports reopened to traffic on Sunday just ahead of the expected surge in travel during Tet. After more than six months of work to repair and improve them, they reopened on schedule, Tran Van Thi, director of the Cuu Long Corporation for Investment, Development and Project Management, which carried it out, said. Tan Son Nhat Airport in HCMC also built four taxiways and installed a signaling system, aviation signs and a power station at a cost of over VND2 trillion ($86 million).

Ho Chi Minh City puts priority on high rise building along metro lines

www.vir.com.vn Ho Chi Minh City authorities will give priority to developing new high-rise apartment buildings along the metro line linking the city centre with the outskirt areas. Under the Ho Chi Minh City Housing Development Program 2021-2030, districts located along metro lines including 2, 7, 9, 12, Thu Duc and Binh Tan will be reserved for high-rise apartment buildings.

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 Evolving demands being met in high-end segment

www.vir.com.vn David Jackson - CEO, Colliers Vietnam said that Vietnam was a good place for investors because the nation’s economy was stable with high demand. Despite the economic recovery, the supply was scarce as investor sentiment had been affected by the pandemic. Most projects that went ahead with their launches during the slow down recorded positive transactions. However, the supply of apartments was currently very scarce, while this was the segment targeting the real needs of the majority of customers. The completion of the metro line would give a new look for Ho Chi Minh City’s central area by connecting the commercial centre with the Saigon River and Thu Thiem New Urban Area, and also increased inter-regional connections.

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

First shots of 75mcg dose of Nanocovax COVID-19 vaccine given to volunteers

www.en.vietnamplus.vn The highest dose, 75mcg, of Nanocovax, a COVID-19 vaccine developed by Vietnam, was given to three volunteers in Hanoi on January 12 as part of the first stage of human trials. The three women, aged 20 to 22, are the first of a total of 20 volunteers in the testing programme. Following their injection, the volunteers will undergo health monitoring for 72 hours at the Hanoi-based Military Medical University. The other 17 volunteers will receive injections if the vaccine’s safety is confirmed.

First shots of 75mcg dose of Nanocovax COVID-19 vaccine given to volunteera

Binh Phuoc seeks to attract 6,000 investors in next 5 years

www.bizhub.vn Binh Phuoc Province aims to attract 6,000 new businesses in 2020-25 period, especially those in sectors such as processing, agriculture and supporting industry. According to Nguyen Minh Chien, head of the Binh Phuoc Province Economic Zone Authority, the province has been streamlining administrative procedures, offering favourable policies for investors, carrying out activities to facilitate online investment, and adopting modern and smart technologies for administration. It wants to also attract investors in high-tech agriculture, commerce and logistics. The province and economic zone will continue to work closely with investors to resolve problems the latter face with policies and regulations, and plan to expand industrial parks.

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 M&A real estate is forecasted to be active this year

www.cafef.vn VNDirect believed that the M&A deals would help the real estate market in 2021 become more active. The legal approval process lasted since mid-2018 and the impact of the Covid–19 pandemic have caused many small-scale developers to face financial problems. This has created opportunities to hunt for land for real estate companies with strong financial potential. According to Colliers Vietnam, in the first nine months of 2020, at least 10 new foreign developers from Korea, Japan, China and Singapore were looking for opportunities to enter Vietnamese market. This number was surprising when compared to the current 12-15 foreign developers in Vietnam, due to Vietnam's good control of the Covid-19 pandemic outbreak.

M&A real estate is forecasted to be active this year

Vietnam takes advantage of FTAs to enjoy trade surplus with markets globally

www.vietnamnet.vn After recording export growth of 6.5% worth a total of US$281.5 billion in the context of the global economy being heavily impacted by the novel coronavirus (COVID-19) pandemic, the country can consider 2020 to be a success in economic terms. This achievement demonstrates that the joint efforts of each business to continuously adopt adaptive solutions to effectively exploit opportunities from FTA markets can be productive.

Vietnam takes advantage of FTAs to enjoy trade surplus with markets globally

Inauguration of US$260 million solar power plant in Mekong Delta Province

www.sggpnews.org.vn The Sao Mai Group yesterday announced the inauguration of the Sao Mai-An Giang solar power plant in the Mekong Delta Province of An Giang with the attendance of province leaders. The plant was built in the area of 275 hectares in An Giang Province’s Tinh Bien District with total investment of over VND6 trillion (over US$260 million). The plant had a capacity of 104 Mwp in the first phase in June, 2019. Now, with a total capacity of 210 Mwp, the plant is expected to generate nearly 400 million kWh of electricity to the national grid each year from 2021. After two years of construction, the plant was connected to the national grid on December 2, 2020. Beforehand, the Sao Mai group has re-operated the solar power plant in the Mekong Delta province of Long An’s Duc Hue District in June, 2019 with a capacity of 50Mwp.

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.

Vietnamese, Dutch businesses urged to optimise EVFTA www.vnexplorer.net Minister of Industry and Trade Tran Tuan Anh on January 14 urged Vietnamese and Dutch businesses to seek more investment opportunities and bring into full play the EU-Vietnam Free Trade Agreement (EVFTA). Vietnam has been a reliable destination for Dutch investors, urging the business communities of the two countries to work harder to seek new business and investment opportunities and optimize the benefits brought about by the EVFTA. Despite the impact of the COVID-19 pandemic, Vietnam’s exports to the Netherlands in the January-November period last year still rose 0.22 percent year on year to 6.26 billion USD.

Vietnamese, Dutch businesses urged to optimise EVFTA

Volunteers get 2nd shot of 25mcg dose of Nanocovax

www.en.nhandan.org.vn Three volunteers getting the first shot of the 25mcg dose of Nanocovax, the first Vietnamese COVID-19 vaccine to be tested on humans, last December received the second on January 14. The three, comprising one male and two females aged between 20 and 25, are among the first 20 volunteers given the vaccine on December 17, 2020. Prof. Do Quyet, Director of the Hanoi-based Vietnam Military Medical University, said the second shot comes 28 days after the first one. As volunteers haven’t shown abnormal symptoms after getting the first injection, the 25mcg, 50mcg, and 75mcg doses of Nanocovax have been tested on remaining groups of volunteers safely.

Volunteers get 2nd shot of 25mcg dose of Nancovax

Yen Phong becomes first industrial park to deploy 5G service

www.en.nhandan.org.vn The Yen Phong Industrial Park in Bac Ninh province became the first in Vietnam to deploy a 5G telecom service, following a launch event held by the provincial People’s Committee and the military-run telecommunications group Viettel on January 14. Speaking at the event, Deputy Minister of Information and Communications Phan Tam said the operation of a 5G service at the Yen Phong industrial park is a practical move to realise Politburo Resolution No. 52-NQ/TW on a number of policies on the nation's proactive involvement in the Fourth Industrial Revolution.

Pre-feasibility study for HCMC-Can Tho railway project to be conducted

www.english.thesaigontimes.vn Transport Minister Nguyen Van The has assigned the Railway Project Management Unit to carry out the pre-feasibility study for the HCMC-Can Tho railway project, which was approved in 2013, the ministry announced on January 13. According to the ministry, the 173-kilometer-long rail route, which is part of the medium-term public investment plan for the 2021-2025 period, will pass through HCMC, Binh Duong and localities in the Mekong Delta, including Can Tho City, Long An, Tien Giang and Vinh Long. colliers.com/vietnam

Colliers News Colliers released report on HCMC retail real estate Q4/2020: Many positive signals

www.nhipsongdothi.vn Colliers Vietnam believed that there would be 5 major infrastructure projects to be completed in 2021. These projects would help the retail real estate segment add 216,000 sqm. Colliers Vietnam stated that in Q1/2021, the Covid-19 pandemic may be better controlled. In addition, Colliers released report on HCMC estate Q4/2020: Many with the impact of important trade agreements such as the Europe- retail realpositive signals an-Vietnam Free Trade Agreement (EVFTA), the retail market would have significant changes with large "openness" for EU enterprises. In addition, with UK- Vietnam Free Trade Agreement (UKVFTA) taking effect from January 1, 2021, the possibility of more UK investors entering the Vietnamese market became clearer.

Vietnam – Rising star in Asia’s shifting supply chains: EIU

www.vietnamnet.vn A key strength in Vietnam’s business environment is the country’s proliferating membership of free-trade agreements. A low-cost manufacturing base and internal political stability are among key factors that turns Vietnam into a rising star in the region’s shifting supply chains, the Economist Intelligence Unit (EIU) of the Economist Group stated in its latest report. However, “the main weakness that investors will find in Vietnam’s labor market will continue to be its lack of skilled labor”, stated the report, referring to the lack of advanced education directly relevant to the needs of foreign-invested manufacturing and services firms.

Samsung urged to back Hanoi in smart city development

Volunteers get 2nd shot of 25mcg dose of Nancovax

www.vir.com.vn Chairman of the Hanoi People’s Committee Chu Ngoc Anh suggested Samsung provide the city with technical support in developing smart city and smart transport and promoting digital transformation. He made the suggestion during a January 14 meeting with the General Director of Samsung Vietnam, Choi Joo Ho, who paid a courtesy call to report on the Republic of Korea (RoK) company’s projects in Hanoi. Choi said that work on Samsung’s Research & Development (R&D) Centre in Hanoi started last March and is on schedule, with 23 percent completed.

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 Office rental rate increased despite the pandemic

www.diendandatdai.com The report on the HCMC Office Market in Q3/2020 of Colliers International Vietnam said that the average offered rental rate for Class A and B offices in Q3 both increased by 4.5% and 11.5% compared to Q2. As compared to the same period in 2019, Class A's offered rental rate decreased slightly by 0.2%, while Class B’s offered rental rate increased sharply by 26.1%. Accordingly, the net rental range of Class B buildings in HCMC was very wide, stretching from about USD 10-48 per square meter per month in Q3/2020. As there was no new supply in Q2, the occupancy rate of Class A and B office space in the last quarter increased to nearly peak. Specifically, the vacant rental areas of Class A and B were 2% and 5% respectively.

Office rental rate increased despite the pandemic

Foxconn pours US$270 million into Bac Giang project www.vov.vn

The Bac Giang Provincial People's Committee on January 18 granted investment registration certificates to four projects by three foreign investors from Asia, including Foxconn’s US$270 million project. The Fukang Technology Factory project by Foxconn Singapore PTE Ltd in Quang Chau Industrial Park aims to both manufacture and outsource tablets and laptops. The production line is set to be built with a design capacity of reaching roughly eight million products annually.

Foxconn pours US$270 million into Bac GIang project

Hải Phòng strives to lure up to $3 billion in FDI in 2021 www.vietnamnews.vn

The northern port city of Hai Phong has set a goal of attracting between US$2.5-3 billion in foreign direct investment (FDI) this year. Top priority will be given to luring FDI to industrial and service projects using modern and environmentally friendly technologies, according to the Hai Phong Economic Zone Authority (HEZA).

Tax, transparency important to bring housing prices to appropriate levels www.bizhub.vn

Imposing asset taxes and improving market transparency would help bring skyrocketing housing prices in Viet Nam to appropriate levels, experts have said. The market has not had a balance between supply and demand for many years, according to Nguyen Manh Ha, Deputy President of the Viet Nam Real Estate Association.

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 Despite discount of VND 80 mil per month, Saigon golden land is "thirsty" for tenants

www.dantri.com.vn According to Ms. Khuong Ha Khanh Nhu, representative of Colliers Vietnam, the Covid-19 pandemic has seriously affected the financial results of enterprises in the past 2020. A series of premises on the main streets in Ho Chi Minh City have been in a situation of no tenants from mid-2020 until now. “We researched and realized that, at the moment, tenants' general sentiment was afraid that the disease would complicate again, so they were more cautious in their decision to expand their market share. This reduced the speed of leasing transactions in recent years,” said Ms. Nhu. According to Ms. Nhu, another reason that could be mentioned was that the suburban districts of Ho Chi Minh City were increasingly developing in terms of residents' lives and infrastructure, but the rental price was much more affordable than the city center.

Despite discount of VND 80 mil per month, Saigon golden land is "thirsty" for tenants

Thai investment in Viet Nam increases

www.bizhub.vn Data from the Ministry of Planning and Investment showed that Thailand had 40 new registered projects, 23 projects registering for capital adjustment and 100 capital contribution and share purchases in Viet Nam with total registered capital of nearly US$1.8 billion last year. This number was more than double compared to 2019 and nearly seven times compared to the 2015-20 period.

Thai investment in VIet Nam increases

Bình Dương to spend $388 million to improve transport connectivity www.vietnamnews.vn

Around VNĐ9 trillion (US$388 million) will be spent for key transport projects this year to boost socio-economic development, the chairman of Bình Duong Province People's Committee, Nguyen Hoang Thao, has said. In order to efficiently use the money, funds will be spent on important, key projects that can be completed and put into use this year. Specifically, the province plans to build fly-over bridges at Phuoc Kien, Cho Đinh and Cho Cay Dua junctions. This will create favourable conditions for access to Cái Mép - Thi Vai port in Bà Ria-Vũng Tàu Province and the Long Thành international airport in the future, according to the construction department.

colliers.com/vietnam

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

Colliers News Vietnam retail market in 2021 and the support from free trade agreements

www.nguoidothi.net.vn Colliers Vietnam commented that many domestic manufacturing industries would have significant advantages for development. In which, retail was expected to be one of the industries receiving the most support. With the current growth momentum, this market research firm believed that more retail centers would continue to be developed, distributed more diversely in the fringes of major cities or provinces. The purchasing power has increased year by year, the number of middle and upper class people has also continuously grown, making the high-end and luxury goods segments continue to flourish.

Vietnam retail market in 2021 and the support from free trade agreements

Vietnam one of fastest growing economies amid pandemic: WB

www.thesaigontimes.vn Vietnam’s economic recovery accelerated in the last quarter of 2020, making the country one of the fastest growing economies amid the Covid-19 pandemic, according to the World Bank. The Vietnamese economy grew by 4.5% year-on-year in the fourth quarter of 2020 and thus expanded by 2.9% in 2020. Although that was significantly lower than the 7% growth rate in 2019, the country was one of the few economies that grew during the pandemic.

Vietnam one of fastest growing economies amid pandemic: WB

VinGroup is desirous about buying LG’s North American smartphone operations

www.vietnaminsider.vn Korea’s NewsPim studies that Vietnam’s VinGroup — the mum or dad firm of nascent smartphone model VinSmart — is desirous about buying LG’s North American smartphone operations. It’s believed that LG’s smartphone gross sales community, after-market assist heart, R&D heart staff, and Latin American manufacturing plant belonging to the US enterprise can be prime acquisition targets within the occasion of a deal. North America is LG’s hottest market, with the agency taking third place within the US with 13% market-share in Q3 2020. So any firm selecting up the North American enterprise would theoretically have a powerful place within the area from the get-go.

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 Foxconn and technology corporations' beliefs in Vietnam www.khoahocvadoisong.vn Mr. David M. Jackson, CEO of Colliers Vietnam, said that Foxconn's decision showed confidence in Vietnam's capacity, including factors such as political stability, development ability, growth momentum, infrastructure or the quality of human resources. “The world's leading manufacturer's decision proved Vietnam's outstanding position compared to many other countries in the region,” he said. He emphasized that Vietnam was the first country to have an iPad assembly factory beside China. Many other leading corporations have also chosen Vietnam as the site to build their own factories and serve the purpose of diversifying the global supply chain.

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

Vietnam, Canada urged to capitalise on CPTPP advantages www.vov.vn

Both the nation and Canada must strive to take full advantage of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), to which both are signatories, along with other free trade agreements (FTAs) in order to better facilitate bilateral trade and investment ties. Vietnamese Ambassador to Canada Pham Cao Phong made these remarks during the “Developing the Vietnam-Canada Business Partnership” webinar which was held on January 20 between the Vietnamese Embassy, the Government of Quebec, and the ASEAN-Canada Business Council.

Vietnam, Canada urged to capitalise on CPTPP advantages

Thu Duc City to commence operations in a day www.vnexpress.net

Thu Duc will kick off its administrative apparatus Friday to officially operate as a city within HCMC. A meeting on Friday will elect personnel for Thu Duc City’s legislative arm, or People’s Council, and its executive unit, People’s Committee, according to Ho Chi Minh City’s Department of Home Affairs. Thu Duc City came to life on Dec. 9 after the National Assembly greenlighted its establishment as "a city within a city" in HCMC. The new city was formed by merging three eastern districts - 2, 9 and Thu Duc. As planned, the former District 2 People’s Committee office would serve Thu Duc City’s new committee and council, while that of District 9 hosts the new city’s Party Committee. Thu Duc District's admin offices would merge into other administrative city units.

colliers.com/vietnam

Colliers News Danang Condotel: Negative market conditions, 4% discount

www.vietnamfinance.vn According to Colliers International, negative market conditions caused the average selling price of condotels in Da Nang in Q4/2020 to decrease by 4% q-o-q. Colliers International said that although the overall market showed no positive signs, in Q4/2020, Da Nang still Danang Condotel: Negative market recorded a new supply of condotels. “Danang was still an ideal place conditions, 4% discount to invest, because of its exceptional natural conditions, the abundance of tourist attractions, tourism stimulation policies, Danang economy and the signing of recent trade agreements,” Colliers said.

Finland to provide US$100 million for public investment projects in Vietnam www.thesaigontimes.vn

Finland will provide over US$100 million for public investment projects in Vietnam starting this year, under a bilateral framework agreement on the use of the Public Sector Investment Facility (PIF) funded and guaranteed by the Finnish Government. The agreement was signed at a ceremony held on January 21. According to Finnish Ambassador to Vietnam Kari Kahiluoto, he and Vietnamese Deputy Minister of Finance Tran Xuan Ha were authorized to sign the agreement.

Finland to provide US$100 million for public investment projects in VIetnam

South Korea pledges $13mn to help Vietnam province build smart city

www.tuoitre.vn The Korea International Cooperation Agency (KOICA) will supply a province in Vietnam with US$13 million to build a smart city over the next five years, according to local authorities. KOICA signed a deal with Thua Thien-Hue Province in the central region to transform the provincial capital of Hue into a smart city with a focus on culture and tourism, the Office of the provincial People’s Committee said on Friday.

Northern Ninh Binh province seeks its own airport www.vnexpress.net

Ninh Binh Province has sought a domestic airport to better exploit its tourism advantages and serve industrial development. The province, 95 kilometers to the south of Hanoi, has proposed to the Ministry of Transport that an airport be added to the national aviation development plan for the 2021-2030 period. According to a newspaper outlet of the ministry, the proposed location is Kim Son or Yen Khanh District, which are less than 35 kilometers away from the Tam Coc cave system, a tourist hotspot. 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 6 office buildings in Hanoi are scheduled to open for lease in 2021

www.baoquangnam.vn According to a report on Q4/2020 real estate market by Colliers Vietnam, in Hanoi, the supply of office segment in 2021 would be less, but many projects were coming in the future. The highlight was the Oriental Sun Building and HUD Building, or Vinhomes Ocean Park (Techno Tower), scheduled to open in Q3/2021. Previously, in Q4/2020, Capital Place provided 93,000 square meters to the office market in Hanoi. Colliers Vietnam forecasted that the average rental rates in 2021 of Class A offices in the capital was USD 34 / m2 / month and Class B was USD 24 / m2 / month. At the same time, the occupancy rate of Class A offices was forecast to be 90% and for Class B it was 94.7%, a slight increase compared to 2020. Last year, the rental rates of Class A and Class B offices respectively were USD 32.5 and USD 23 / m2 / month, the occupancy rates were 88% and 94.5% respectively.

6 office buildings in Hanoi are scheduled to open for lease in 2021

Silicon Valley investor builds a plant in Vietnam

www.vietnaminsider.vn The Da Nang City’s industrial zones and high-tech park authority (DHPIZA) of Vietnam has granted an investment license to a semiconductor project worth US$110million from the firm United States Enterprises. Head of the DHPIZA told reporter that, the project was invested by the Hayward Quartz Technology Inc – a leading supplier supporting all major original equipment manufacturer (OEM) in the semiconductor business segment and an authorized quartz distributor and fabricator to all major raw material manufacturers from Silicon Valley in the US.

Local ecommerce sector marks impressive growth

www.thesaigontimes.vn At US$11.8 billion in revenue in 2020, Vietnam’s ecommerce sector posted an impressive growth rate of 18% amid the coronavirus pandemic. The value of the local ecommerce market, despite falling short of the previous forecast by US$14-15 billion, accounted for an estimated 5.5% of the country’s total retail sales of goods and services last year, according to the Ecommerce and Digital Economy Agency. Vietnam was the only country in Southeast Asia to achieve double-digit growth in the ecommerce sector, Tuoi Tre Online reported. The number of customers who visit ecommerce platforms every day is now some 3.5 million, up 150% year-on-year.

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 Asia Real Estate 2020: End of the tough year, bright prospects; Vietnam logistics rejoices www.baoquocte.vn “Investor confidence in the region increased in Q4/ 2020, giving momentum to new expectations in the region,” said Terence Tang, Managing Director, Asia Capital Markets & Investment Services, Colliers International. year 2021”. The representative of Colliers said: “Markets like Vietnam and Taiwan (China) continued to benefit from their successful control of the Covid-19 effects. With the possibility that companies would resume normal operations in the next few months, we expected a resurgence in the office segment, while strong e-commerce growth would ask for more demand from the logistics segment”.

Asia Real Estate 2020: End of the tough year, biright prospects; Vietnam logistics rejoices

US technology firms relocate to Vietnam as costs rise in other locations

www.vietnaminsider.net Vietnam has recently received many large global groups, led by US technology firms, that have brought production chains with capital of up to billions of dollars. As Apple’s largest partner in iPhone assembling, Foxconn is planning to invest $270 million to expand its production in Vietnam. According to Nikkei Asian Review, the factory for Apple products in the Dong Mai Industrial Zone in Quang Ninh province exported the first consignment of LCD screens last week to take full advantage of the RCEP, which was signed recently.

US technology firms relocate to Vietnam as costs rise in other locations

Hayward Quartz Technology develops $110 million semiconductor factory in Danang

www.vir.com.vn Danang Hi-Tech Park Management Board has recently granted a license to Hayward Quartz Technology from the United States to develop a semiconductor factory with a total investment capital of $110 million. Covering an area of 102,200 square metres, Hayward Quartz Technology Inc.'s United States Enterprises project is designed in two phases. The first phase has an area of 61,578 sq.m with capital investment of $66 million. The project is expected to begin construction in the second quarter of 2021 and put it into operation in the second quarter of 2023. Hayward Quartz Technology is from the Silicon Valley in the US. The company is a leading supplier supporting all major original equipment manufacturers in the semiconductor business segment.

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 Colliers International forecasted that the rental rates of industrial land in Hanoi would continue to increase

www.vietnammoi.vn According to the Vietnam Real Estate Market Report Q4/2020 of Colliers International, the industrial zones (IZs) in Hanoi remained at a stable level and were not affected much by Covid-19 pandemic. Average rental rate and occupancy rate remained unchanged compared to the previous quarter. Colliers International's data showed that, after the second Covid-19 outbreak, more than 60% of the IZs in Hanoi maintained their occupancy rate at 100%. Some IZs had absolute occupancy rates with high offered rental rates such as Quang Minh Industrial Park (USD 160 / m2 / month), Nam Thang Long Industrial Park (USD 155 / m2 / month), Noi Bai Industrial Zone (USD 150 / m2 / month) or Sai Dong B Industrial Zone with the rental price of USD 125 / m2 / month.

Colliers International forecasted that the rental rates of industrial land in Hanoi would continue to increase

Which segment will cash flow strongly pour into in 2021?

www.cafef.vn According to David Jackson, CEO of Colliers Vietnam, industrial real estate would attract strong foreign capital inflows due to the trend of shifting the production supply chain out of China. The effect from leading corporations like Apple choosing Vietnam as the location of their factories would lead many foreign enterprises to continue to Vietnam. Logistics demand for e-commerce and many other manufacturing industries would increase its "heat" in 2021. In this segment, the cold storage segment had great potential for growth as the number of customers ordering goods online has increased significantly, requiring long-term cold storage, and the distribution of cold storage needed to be more widespread.

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

Apple speeds up output shift of iPhones and iPads in Vietnam

www.vir.com.vn Apple is accelerating the production of iPhones, iPads, Macs, and other products in India and Vietnam in an effort to diversify its supply chain outside of China. Apple will begin producing iPads in Vietnam as soon as the middle of this year. According to the sources of Nikkei Asia Review, Apple will begin producing iPads in Vietnam as soon as the middle of this year. The tech giant is also stepping up iPhone production in India, its second-largest production base for the iconic device with plans to start producing the latest iPhone 12 series there as soon as this quarter. 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

For market research reports, please visit our website at www.colliers.com/en-vn This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). All material are sourced and collated in this document by Colliers is from the public domain. ÂŠ2019. All rights reserved. contact@colliers.vn