Vietnam Monthly Real Estate News January 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
Real estate 2022 will attract a large source of cash, the VND 2-3 bil segment is forecasted to increase sharply www.vietnambiz.vn Mr. David Jackson, CEO of Colliers Vietnam, said that 2021 was a year with many strong fluctuations in the real estate market. This could be seen as a picture with the dominant gray color, but there were still bright spots that gave us much hopes for 2022. Talking about the gray color of the market, expert Colliers assessed that the the most obvious problem was the impact of the COVID-19 pandemic on the development and sales plans of investors. This made the market, which was already scarce in supply, became even more severely deficient, leading to an imbalance between supply and demand.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
Eco-park’s effective approach to sustainable growth www.vir.vn An eco-industrial park developer in Haiphong city and Quang Ninh province is offering clean energy for production and industrial symbiosis on top of a strategic location and state-of-the-art facilities, showcasing that economic growth can be sparked while reducing environmental impact.
DEEP C Haiphong I Industrial Zone
Dong Nai approves three road projects connecting to Long Thanh airport www.thesaigontimes.vn The Dong Nai People’s Council has approved three road projects worth an estimated VND19.6 trillion leading to the Long Thanh International Airport. Work on the three projects will start in early 2023, the local media reported. Specifically, a project to upgrade and expand road DT 769 with a length of nearly 31 kilometers will require an investment of VND1.6 trillion. In addition, the 53-kilometer road 770B has been designed to have eight lanes and connect Dinh Quan, Thong Nhat and Cam My districts, and Long Khanh City to the Long Thanh International Airport which requires an investment of VND12.5 trillion. The three projects will be synchronized with the Long Thanh International Airport, which is expected to be put into operation in 2025.
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 market in 2022 may have a new wave www.cafef.vn "I affirm that real estate has always been a leading investment channel for investors in Vietnam compared to other channels such as securities, gold storage or even savings. We have all witnessed the strong recovering and growing of real estate after the pandemic was under control over the past time, this is also a reasonable time to look for opportunities after Covid-19. However, it should be noted when choosing the investment segment because not all real estate segments will prosper, especially when it comes to the lingering lows of resort real estate since the outbreak of the pandemic and the boom of industrial park real estate after the Free Trade Agreements." Mr. David Jackson, Colliers expert emphasized.
Vietnam remains investment
strong
candidate
for
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
foreign
www.vir.vn With a vibrant economic climate, Vietnam remains a strong candidate for investment from the Association of Southeast Asian Nations (ASEAN) and beyond, according to the Vietnam Briefing newswire. The newswire said Vietnam’s free trade agreements (FTAs) are another pull factor that Vietnam remains strong investors can bank on. Vietnam has used its participation in FTAs as an candidate for foreign investment instrument to ensure increased economic power and financial security.
RCEP gives extra leverage to post-pandemic economic recovery www.vov.vn The Regional Comprehensive Economic Partnership (RCEP), which came into force as of January 1, is expected to provide a fresh impetus to enhancing trade activities and boosting economic recovery in the post-pandemic period. The agreement ultimately aims to create a stable and long-term export market for the nation and other ASEAN member states in order to create a legally bidding foundation for an equal trade environment within the region.
Government wants land use regulations relaxed www.vnexpress.vn The government has proposed that non-residential land be used to build commercial housing projects amid a shortage of land funding, especially in major cities. Developers can request to change the purpose of such land lots to residency, stated a government proposal to the National Assembly on Tuesday. Chairman of the National Assembly’s Economic Committee Vu Hong Thanh said most lawmakers responsible for reviewing this proposal have voiced support for it. But the government needs to ensure changes in policy won’t be taken advantage of, he added. 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
The National Assembly is discussing the package of economic recovery: What is the real estate waiting for? www.vietnambiz.vn Mr. David Jackson, CEO of Colliers Vietnam, said that the above support package was a solution to boost the economy with many industries having the opportunity to benefit, including real estate. Policies on fiscal, monetary and public investment promotion in the coming time would indirectly affect the whole market. According to this expert, the support package would include many solutions such as tax exemption and reduction, interest rates reduction and social security service, etc. Therefore, it would help reduce interest rates on bank loans, businesses would not bear the burden, but reduce costs, and do not limit credit.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
Construction on projects linked to Tan Son Nhat airport to start this year www.vov.vn Ho Chi Minh City plans to start work on several important transport projects in areas surrounding its Tan Son Nhat International Airport in 2022 so as to ensure synchronisation with the airport’s Terminal T3 project. Specifically, this year, the city’s management board for investment and construction of transport projects will build a road connecting Tran Quoc Hoan and Cong Hoa streets, upgrade Cong Hoa street from alley 2 of Tran Quoc Hoan street to Thang Long street, expand Hoang Hoa Tham street from the military base near the airport to Cong Hoa street, and expand Tan Ky Tan Quy street.
Tan Son Nhat International Airport
Industrial production rises 4.82% in 2021 www.thesaigontimes.vn Vietnam’s industrial production rose 4.82% in 2021, mainly driven by the manufacturing and processing industry, according to the General Statistics Office. In the fourth quarter of 2021, industrial production recovered strongly after social distancing measures were relaxed, soaring 6.52% year-on-year. The manufacturing and processing sector recorded the highest growth rate, at 6.37% year-on-year. This sector also took the lead in terms of foreign direct investment as it attracted over US$18 billion last year, accounting for 58% of the country’s total.
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
The F0 wave is 'warming up' the real estate market www.cafef.vn According to experts of Colliers Vietnam, there are investors who earn profits from stocks, gold, etc. and then become F0 investors in real estate. They entered the market when it was "hot" and quite a few people won. In fact, the group of F0 investors is also the cause of the phenomenon of land "fever" taking place in many places. According to Ms. Kim Ngoc, Director, Valuation and Advisory Services (Colliers Vietnam), the land fever does not exclude the possibility that speculators and brokers take advantage of information on planning to exploit the crowd effect, causing price disturbances and creating waves to increase land prices.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
Vietnam donates $100,000 to Kentucky tornado victims in US www.tuoitrenews.vn A ceremony was organized in Hanoi on Wednesday to hand over US$100,000 from the Vietnamese government and people to the U.S. Embassy as support for the families whose members died in the tornadoes that hit Kentucky State in December. Speaking at the event, Vietnamese Deputy Minister of Foreign Affairs Nguyen Quoc Dung expressed his belief that the U.S. government and people would overcome the consequences of the disasters soon under the leadership of President Joe Biden.
Vietnam donates $100,000 to Kentucky tornado victims in US
Vietnam to extract long-term gains from world’s largest trade pact www.vnexpress.vn The world’s largest trade pact RCEP will boost Vietnam’s trade in the long run as the country becomes part of a bigger supply chain, experts say. With the Regional Comprehensive Economic Partnership (RCEP) coming into effect on January 1, Thuan Phuoc Seafoods and Trading Corp in Da Nang City will focus its business on two members of the pact this year – China and Japan, said CEO Tran Van Linh.
Vietnam strengthens int'l cooperation to promote renewable energy development www.vir.vn By strengthening international cooperation in energy and completing mechanisms and policies in the field, Vietnam is working to improve the efficiency, sustainability and adapting capacity for the national energy sector. Recently, Deputy Minister of Science and Technology Tran Van Tung held a meeting with Ann Marie Yastishock, USAID Country Director in Vietnam and BT Tee, General Director of Informa Markets Vietnam to foster cooperation in energy and renewable energy in particular.
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 M&A 2022: The focus will be on the coastal provinces www.cafeland.vn Mr. David Jackson, CEO of Colliers Vietnam, said that the real estate industry suffered damage due to the Covid-19 pandemic, many enterprises were unable to complete unfinished projects and were forced to sell to more potential partners. Also according to this expert, real estate enterprises with strong financial potential were tending to hunt for projects through M&A deals, because the land fund for implementing their own projects was very limited, so they would decide purchasing power of unfinished and quickly completed projects to bring to the market.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
Riding the wave in Vietnam’s real estate market in 2022 www.vir.vn The real estate market has ended a year of profound impacts with some very encouraging news as both domestic and foreign developers are finally speeding up the construction of new projects. In the last days of 2021, Ho Chi Minh City People’s Committee issued a Buyers are looking for second homes in attractive destinations decision approving the adjustment of the 1/500 detailed planning of the eco-smart city project invested by Lotte Group in Thu Thiem New Urban Area of Thu Duc city. Meanwhile, CapitaLand Development (CLD) unveiled two new key projects in November – Heritage West Lake in Hanoi and DEFINE in Ho Chi Minh City.
Vietnam strives to reach GDP growth of up to 6.5 per cent and GPD per capita of $3,900 in 2022 www.vir.vn The government has set targets to achieve a GDP per capita of $3,900 in 2022, with GDP growth of 6-6.5 per cent each year. Deputy Prime Minister Le Minh Khai presented a draft resolution of the Vietnamese government on the major tasks and solutions for carrying out this year's objectives and an estimate of the state budget in 2022 at a conference on the implementation of the conclusions of the Central Committee and the Resolution of the 15th National Assembly on the socioeconomic development plan in 2022. As a first step, the DPM emphasised that the government would manage the objectives of COVID-19 prevention, control, and rehabilitation, as well as socioeconomic development in a flexible and effective manner. These main goals are being pursued to meet the government's aim for GDP growth of 6–6.5 per cent, aiming to revive and promote production; enhance exports; and marshal public-private resources to expand the infrastructure 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
Many owners of the luxury segment announce to make low-cost housing www.vietnambiz.vn In the context of continuously increasing house prices and affordable housing gradually disappearing from the market, many enterprises specializing in developing luxury projects in turn announced strategies to participate in housing for workers. Over the years, the housing market in Vietnam, especially in big cities like Ho Chi Minh City and Hanoi, has continuously established new price levels. Even during the period when the economy suffered a lot of damage due to the devastation of COVID-19 pandemic in 2020-2021, house prices still increased by 3-7% on average in all segments, according to Colliers Vietnam's statistics.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
M-Service becomes Vietnam's latest unicorn with valuation of more than $2 billion www.vir.vn M-Service JSC, the parent firm of Vietnam-based e-wallet MoMo, has just become the country's latest unicorn with a valuation of more than $2 billion in its Series E round after securing around $200 million from a consortium of investors led by Mizuho Bank. MoMo's income nearly quadrupled this year despite substantial declines in cinema ticket and travel service sales due to the country's strict lockdowns, its representative revealed.
M-Service becomes Vietnam's latest unicorn with valuation of more than $2 billion
Manufacturing, exports among growth pillars in 2022: government www.vnexpress.vn The government expects manufacturing, exports and public spending to drive economic growth this year, and eyes GDP growth of 6-6.5 percent. It anticipates challenges this year as the pandemic seems set to continue amid businesses and people’s dwindling resilience. Besides reviving manufacturing, pushing exports and speeding up spending in infrastructure, it also seeks to improve productivity and the competitiveness of the economy while focusing on e-commerce development and new business models. It wants to increase per capita income to $3,900 from $2,779 in 2020 after a period of supply chain and job disruptions. Public infrastructure works, including for improving transport connectivity and electricity transmission, will receive priority attention.
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
Riding the wave in Vietnam’s real estate market in 2022 www.vietnamnet.vn As for the housing and resort investment segment, according to David Jackson, CEO of Colliers International (Vietnam), the way they do across the world, homebuyers are now looking for real estate in the suburbs. People are moving to the countryside, looking for open spaces and enjoying the outdoors. “We have attractive destinations such as Bao Loc, Dalat, and Ho Tram. From Ho Chi Minh City, it is easy to drive to these locations and homebuyers can find second homes here to get away from the city and enjoy the open space. This trend is expected to continue to grow post-pandemic,” said Jackson.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
Hanoi develops industrial parks for 2021-2025 www.vir.vn The Chairman of the Hanoi municipal People’s Committee has signed a decision approving the establishment of two to five industrial parks in outlying districts for the 2021-2025 period. They are Soc Son IP in Soc Son district, Dong Anh IP in Dong Anh district, Bac Thuong Tin IP in Thuong Tin district, expanded Phu Nghia IP in Chuong My district and Phung Hiep IP in Thuong Tin district.
Hanoi develops industrial parks for 2021-2025
Lawmakers okay $6.5 bln for north-south expressway extension www.vnexpress.vn The National Assembly approved Tuesday a 729 km (453 miles) expansion to the eastern part of Vietnam’s North-South Expressway. The extension received 93.99 percent votes from 474 legislators, allowing the government to spend VND146.990 trillion (almost $6.5 billion) of the state budget to implement 12 projects on the expansion. The projects will consume 5,481 hectares (13,543 acres) of land in total, including 1,532 hectares of farmland, 110 hectares of protected forest land, and 1,436 of productive forest land. Of the 12 expressway projects, 10 will have six lanes. The other two in the Mekong Delta, Can Tho – Hau Giang Expressway and Hau Giang – Ca Mau Expressway, will have four lanes each. Work will be carried out from now for all projects to be basically completed in 2025 and start operations the next year.
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 Saigon riverside apartment attracts customers even though the price is still increasing www.dantri.vn Commenting on the value of riverside real estate in the large urban center of Ho Chi Minh City, Mr. David Jackson - CEO of Colliers Vietnam said that Vietnam's real estate market always upheld the concept of "first near the city, second close to the river" for a beautiful house and especially appreciated products located along the river. This was a well-founded concept because living on the riverside would have many health advantages due to the fresh and airy atmosphere, bringing lightness and relaxation to the mind. "With rapid urbanization, riverside spaces are often strongly sought after. As design prowess becomes more and more excellent, riverside apartment projects gradually become an icon of a high-class life which is the dream of many people," shared Mr. David Jackson.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
Power Development Plan VIII under revision again www.vietnamplus.vn The draft Power Development Plan VIII is being revised again and expected to be submitted to the Prime Minister for approval in the first quarter of 2022, an official said in a press conference of the Ministry of Trade and Industry (MoIT) on January 12. He also said that the MoIT is finalising the draft Power Development Plan VIII, for the 2021 – 2030 period and with a vision to 2045, in which the country sets to generate 5,000MW of offshore wind power by 2030 and 40,000MW in 2045./.
Power Development Plan VIII under revision again
Vietnam Airlines seeks to resume air services to Australia www.thesaigontimes.vn Four land plots in the central area of Thu Thiem New Urban Area were awarded to domestic investors in Vietnam Airlines has proposed the Civil Aviation Authority of Vietnam allow it to operate regular international flights to Australia from January 13 due to the rising travel demand from overseas Vietnamese people. The number of Vietnamese citizens who wish to return to the country for the Lunar New Year celebrations will be high, while the national flag carrier has yet to be licensed to relaunch regular flights to Australia, according to Vietnam Airlines. Besides, Australia has achieved a high Covid vaccination rate, the local media reported. Earlier in mid-December last year, Vietnam Airlines proposed Deputy Prime Minister Pham Binh Minh and the Ministry of Transport consider resuming regular international flights to Europe and Australia from January 1 to transport Vietnamese citizens to the country before the Lunar New Year holiday.
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 Hanoi: Which area has the potential to develop the apartment market in 2022? www.reatimes.vn Mr. David Jackson - CEO of Colliers Vietnam also said that residential real estate in the suburbs of Ho Chi Minh City and Hanoi was a segment worth considering in 2022. Specifically, products with reasonable prices, high quality of living space and utilities would be reasonable choices for long-term investment for individual investors.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
Work starts on $2.37bn LNG power center in Vietnam www.tuoitrenews.vn
The construction of the first phase of a US$2.3 billion liquefied natural gas (LNG) power center was initiated in Quang Tri Province, north-central Vietnam this weekend. The project, which covers an area of 120 hectares, will have a capacity of 1,500MW and is expected to supply 8.25 billion kilowatt-hours to the national grid each year.
Work starts on $2.37bn LNG power center in Vietnam
More capital flows come to economic, industrial parks in 2021 www.vietnamplus.vn Economic and industrial parks nationwide drew 539 foreign-invested and 615 domestic projects with a total registered capital of 12.8 billion USD last year despite COVID-19 pandemic, up 15 percent annually, reported the Ministry of Planning and Investment (MoPI). The ministry’s Department of Economic Zones Department said as of late 2021, the country was home to 564 IPs under planning with a total area of 211,700ha, 398 established IPs covering 123,500ha, 292 of them have been put into operation and 108 under construction. At present, there are 18 coastal economic zones in 17 cities and provinces with a total land and water surface area of 871,500ha. Former Director of the MoPI’s Foreign Investment Agency Phan Huu Thang suggested the Government issue policies to draw large-scale projects to IPs, thus forming large-scale production clusters with high connectivity between firms in IPs and economic zones, and between domestic and foreign enterprises. In particular, further attention should be paid to ecological, industrial-urban-service, support, hi-tech agriculture IPs with synchronous infrastructure, making it easier to lure quality capital, he added./.
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 Hanoi: Which area has the potential to develop the apartment market in 2022? www.reatimes.vn Mr. David Jackson - CEO of Colliers Vietnam also said that residential real estate in the suburbs of Ho Chi Minh City and Hanoi was a segment worth considering in 2022. Specifically, products with reasonable prices, high quality of living space and utilities would be reasonable choices for long-term investment for individual investors.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
Coca-Cola invests over $136 million in factory in southern Vietnam www.tuoitre.vn Coca-Cola will spend more than US$136 million investing in the construction of a beverage factory in Long An Province, southern Vietnam, local authorities announced on Monday. The provincial Industrial Park Management Board just granted the investment certificate to Coca-Cola on Friday, the same day the firm had applied for it, according to the board’s head Nguyen Thanh Thanh.
BW Industrial Development JSC announces acquisition in DEEP C Industrial Zones in Quang Ninh
LEGO pledges to speed up US$1 bln plant project in Vietnam www.vov.vn Danish toy production company LEGO Group is recruiting personnel for its US$1 billion plant project that is expected to get off the ground in the southern province of Binh Duong this year. This information was unveiled by Preben Elnef, vice president of Global Brand at LEGO Group, during a working session on January 17 alongside leaders of Binh Duong province. The factory represents the group’s sixth manufacturing site in the world and is the second throughout Asia. By developing the project, the group aims to generate 4,000 jobs for locals in Binh Duong over the next 15 years.
Tra Vinh: Dong Hai I wind power plant inaugurated www.vov.vn Trung Nam Tra Vinh 1 Wind Power JSC, a member of Trungnam Group, has inaugurated the Dong Hai I Wind Power Plant in Dong Hai commune, Duyen Hai district, the Mekong Delta province of Tra Vinh. Construction of the plant began in early 2021, with a total cost of nearly 5 trillion VND (220 million USD). With each of the 25 wind power poles having a capacity of 4MW, the project is expected to send about 330 million kWh to the national power grid. Trungnam Group has set a goal of increasing its capacity to 3.8GW of renewable energy and 1.5GW of LNG power by 2025, helping reduce carbon emissions equivalent to more than 13 million tonnes of carbon compared to coal power. 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 Three real estate segments are forecasted to grow strongly in 2022 www.vietnambiz.vn According to Mr. David Jackson, CEO of Colliers Vietnam, in the most optimistic scenario when economic activities are fully restored, the segments will also recover at different speeds. In particular, industrial, residential and office real estate will have many advantages to regain and continue to strongly grow right in 2022. "Meanwhile, resort real estate needs more time and has a close relationship with the recovery of the tourism industry. It may take 2 or 3 years to reach the level of growth as in the pre-pandemic period," said Mr. David Jackson.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
UKVFTA brings positive results to bilateral trade www.vov.vn
The UK-Vietnam Free Trade Agreement (UKVFTA) has brought about positive results though it took effect recently, said head of the Ministry of Industry and Trade (MoIT)’s Multilateral Trade Policy Department Luong Hoang Thai at a seminar held in Hanoi on January 18. The seminar, co-hosted by the MoIT and the British Embassy in Hanoi, focused its discussion on e-commerce in the UKFTA – key to Vietnam – UK growth.
UKVFTA brings positive results to bilateral trade
Work on VND2.1-trillion road project in Mekong Delta begins www.thesaigontimes.vn The Transport Ministry, in coordination with the authorities of An Giang Province and Can Tho City today, January 18, broke ground on a project to build a road connecting to National Highway 91 and a bypass in An Giang’s Long Xuyen City. The 17.3-kilometer project will pass through Can Tho City and An Giang Province, both in the Mekong Delta. Under this project, the Transport Ministry as the investor will build a new road measuring over 15 kilometers in length and upgrade a two-kilometer section of National Highway 80. This is the ministry’s first project to get off the ground in 2022, with total investment exceeding VND2.1 trillion (US$90.11 million), backed by loans offered by the Asian Development Bank and the reciprocal capital of the Vietnamese Government.
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 Three points investors need to pay attention to when buying land near Tet www.vietnambiz.vn Mr. David Jackson, CEO of Colliers Vietnam, especially noted investors three problems when cashing down at the moment. First of all, investors needed to know their cash flow and all factors related to their finances. Second, investors needed to know the information related to the project they wanted to buy. The reputation of the investor, the quality and progress of the project also needed to be considered more closely during this COVID-19 pandemic. And finally, investors could look for opportunities outside the familiar areas of Hanoi or Ho Chi Minh City.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
BW Industrial Development JSC announces acquisition in DEEP C Industrial Zones www.vir.vn
BW Industrial Development JSC, Vietnam’s leading industrial and new economy real estate developer co-founded by Warburg Pincus and Becamex IDC, on January 19 announced the acquisition of approximately 74,000 square metres of prime land in Bac Tien Phong Industrial Zone in the northern province of Quang Ninh, developed by DEEP C Industrial Zones. This acquisition marks BW’s first footprint in Quang Ninh and its third collaboration with DEEP C Industrial Zones, expanding its presence across key industrial markets in the northern part of Vietnam.
BW Industrial Development JSC announces acquisition in DEEP C Industrial Zones in Quang Ninh
Vietnam plans to fully reopen door to international tourism in April www.vov.vn A senior Government official in charge of tourism suggested Vietnam should fully reopen the door to international tourism in April 2022 in order to speed up its ongoing tourism recovery. Addressing a conference on improving competitiveness on January 18, Minister of Culture, Sport and Tourism Nguyen Van Hung noted Vietnam is kick-starting its tourism recovery scheme by reopening the door to domestic tourism that has received support from localities and travel businesses as well. Minister Hung informed the conference about a pilot scheme to welcome back international tourists with a vaccine passport Vietnam has carried out since mid-November 2021. The Minister requested that localities continue implementing the pilot scheme from now until April 30, and if the proposal is approved, Vietnam will fully reopen its market to international tourism.
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 New breath of life from suburban real estate www.tinnhanhchungkhoan.vn “Because the achievements of socio-economic growth are distributed fairly evenly, urban population is increasing rapidly. No need to live in big cities anymore, residents in urban areas around Hanoi, Ho Chi Minh City or Da Nang, even further afield, still have good connections to information, services or goods. Along with that, gradually improving living conditions will promote the demand for worthy living spaces. Investors, more than anyone else, understand this need very well and they quickly find ways to meet and deploy many projects with diverse functions, giving customers many options,” said David Jackson, CEO of Colliers Vietnam analyzed.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
Samsung Vietnam posts 14 pct revenue growth in pandemic-hit year www.vnexpress.vn Samsung Vietnam posted a revenue growth of 14 percent to $74.2 billion last year, despite Covid-19 impacts. The company exported $65.5 billion worth of products, up 16 percent from 2020. It said the results were achieved because its factories strictly imposed anti-pandemic regulations and received government support.The main contributions to its 2021 revenue came from the two smartphones Galaxy Z Fold 3 and Galaxy Z Flip 3. The company sold four foldable smartphones globally last year, quadrupling from 2020.
Samsung's plant in the northern province of Bac Ninh.
Number of profitable Japanese firms operating in Vietnam rises www.vir.vn The proportion of Japanese enterprises operating in Vietnam forecast to be profitable in business activities last year is 54.3 percent, up 4.7 points compared to 2020. This figure is part of a survey on Japanese investment in Asia and Oceania 2021. Chief Representative of the Japan External Trade Organisation (JETRO) in Hanoi Takeo Nakajima presented the figure on January 19. In this 35th survey, the programme received responses from 702 Japanese enterprises operating in Vietnam. Notably, the survey period was from August 25 to September 24 last year, coinciding with the time when Vietnam implemented strict social distance measures due to the COVID-19 pandemic.
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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 Many "giants" accelerate in the retail market, Aeon plans to double the number of shopping malls www.vietnammoi.vn A recent report by Colliers shows that, in Q4/2021, the retail market in big cities such as Hanoi, Ho Chi Minh City, and Da Nang did not record new supply. Projects were delayed in part due to the Government's Directive 16 on social distancing. However, after the period of social distancing, many projects have been continued to be implemented. Colliers said that this pandemic has created a great opportunity for e-commerce channels to explode. So far, many people still choose e-commerce channels to shop even though the pandemic situation has been somewhat relieved.
Many "giants" accelerate in the retail market, Aeon plans to double the numers of shopping malll
Many investors show keen interest in Ring Road No. 4 project in capital region www.thesaigontimes.vn As many as six large investors, including Vingroup, T&T, DIC Corp and Geleximco, have expressed their keen interest in a subproject under the public-private partnership (PPP) of the Ring Road No. 4 project passing through Hanoi City and Hung Yen and Bac Ninh provinces.
A section of Ring Road No. 3 in Hanoi - PHOTO: VNA
Shophouse Metro Star A bustling Myeong-dong in the heart of Thu Duc city www.vir.vn Inspired by Seoul’s famous Myeong-dong shopping and entertainment street, Metro Star in the centre of Thu Duc city is transforming the area into a stylish shopping paradise, awaiting to attract thousands of visitors every day. Taking the Myeong-dong style as the standard, Metro Star’s shopping street is tailored with attention to detail and methodically planned with shopping, food, and street art areas closely linked to creating a bustling commercial service complex. What catches the attention of customers is the shophouse area, which is arranged around the ground level of the two towers. The shophouses are diverse in size, ranging from 35sq.m to 310sq.m, covering 1-2 floors with completely glass-covered facades and decorative signs. As a rare project that connects directly to the neighbourhood, Metro Star is also an ideal stopover for passengers arriving at the nearby train station. It is estimated that when Ho Chi Minh City’s metro line is put into operation, there will be 250,000 passengers using the service every day, also bringing a sustainable high income for Metro Star.
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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 Industrial zone real estate will increase its 'heat'? www. cafef.vn According to Colliers, rental rates at industrial zone centers such as Bogor-Sukabumi, Tangerang and Bekasi in Indonesia, on average, range from USD 157-295/m2/lease cycle, 42-51% higher than other industrial zone centers in Vietnam such as Binh Duong, Dong Nai, Bac Ninh and Hai Phong. The industrial park's net profit is estimated to recover with an increase of 18-26% year-on-year in 2022 and the rental demand is still strong due to the shift of production from China to Vietnam are also factors showing the bright prospect of the industrial zone real estate industry in 2022.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
MoIT, EU, World Bank co-host Vietnam Energy Partnership Group .www.vov.vn The Ministry of Industry and Trade (MoIT), the European Union in Vietnam, and the World Bank co-hosted the 4th High-Level Meeting of the Vietnam Energy Partnership Group (VEPG) in Hanoi on January 24. This year’s High-Level Meeting looked back at the achievements and positive contributions of the VEPG over the last 4 years of operation as a high-level policy dialogue platform connecting the Government of Vietnam with development partners and stakeholders to promote the development of Vietnam's energy sector.
MoIT, EU, World Bank co-host Vietnam Energy Partnership Group
GLP launches $1.1-billion Vietnam Logistics Development Fund www.vir.vn GLP, a global investment manager and business builder in logistics, data infrastructure, renewable energy, and related technologies, on January 22 officially announced the establishment of GLP Vietnam Development Partners I (GLP VDP I), with an investment capacity of $1.1 billion. Through this transaction, GLP welcomes several new investors to its fund management platform, including the Dutch pension fund manager APG Asset Management and Toronto-headquartered global financial services provider Manulife. GLP entered the Vietnam market in 2020 through a strategic joint venture with SEA Logistic Partners (SLP), an industrial and logistics facility development and operation platform. Kent Yang, founding partner of SLP, said that Vietnam is the right place at the right time for SLP. Meanwhile, Chih Cheung, founding partner of SLP added, Vietnam's logistics industry is also experiencing strong growth due to stable domestic consumption from a rising middle class and rapid e-commerce adoption.
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 The price of industrial zone land in the provinces may increase by 5-10% in the coming period www.congluan.vn Not long ago, Colliers gave evidence that the price of industrial land in Vietnam is still low compared to other countries in the region, in which it is 20-33% lower than Indonesia and Thailand whose advantages of FDI are similar to Vietnam. According to Colliers, rental rates at industrial zone centers such as Bogor-Sukabumi, Tangerang and Bekasi in Indonesia, on average, range from USD 157-295/m2/lease cycle, 42-51% higher than other industrial zone centers in Vietnam such as Binh Duong, Dong Nai, Bac Ninh and Hai Phong.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
HSBC Vietnam commits $12 billion to the green development of Vietnam www.vir.vn In support of the government’s aspiring climate goals and COP26 commitments to become a net zero economy by 2050, HSBC Vietnam has announced to arrange up to $12 billion of direct and indirect financing for Vietnam and the corporate sector by 2030. The bank, in its letter to the government, has expressed its plan to financially back corporates’ promising and critical green and sustainable projects in Vietnam, which play a vital role in decarbonising the country’s economy. This forms part of HSBC's broader net zero pledge to help customers transition their business models and decarbonise by prioritising $750 billion to $1 trillion in finance and investment by 2030.
HSBC Vietnam commits $12 billion to the green development of Vietnam
Vietnam’s northern Hai Phong City completes $99.8mn bridge project in 13 months www.tuoitrenews.vn The People’s Committee of Hai Phong City in northern Vietnam techinically opened the Rao Bridge to traffic across the Lach Tray River on Tuesday after building it within 13 months with a total investment of VND2.26 trillion (US$99.8 million). The bridge connects Hai Phong City’s center with Do Son tourism area and is also a trade gateway linking directly with the highway systems of Hanoi - Hai Phong and Hai Phong - Quang Ninh. It is divided into six lanes, directly connecting 353 Street with Lach Tray Street leading to the city’s center. The construction progress of such a large-scale project with high technical and artistic requirements was completed quickly in just about 13 months, from December 2020.
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