Monthly Real Estate News | July 2020 by Vietnam Realty

COLLIERS INTERNATIONAL

VIETNAM MONTHLY REAL ESTATE NEWS - July 2020 -

COLLIERS INTERNATIONAL &CONTACT

ABOUT COLLIERS INTERNATIONAL Colliers International is a leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence and a shared sense of initiative, we integrate the resources of real estate specialists worldwide to accelerate the success of our partners. We connect through a shared set of values that shape a collaborative environment throughout our organization that is unsurpassed in the industry. With more than 100 professionals in 3 offices in Vietnam, the team is market driven and has proven and successful track record with both international and localexperience. From Hanoi, Danang to Ho Chi Minh City, we provide a full range of real estate services The foundation of our services is the strength and depth of our experience.

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david.jackson@colliers.com +84 28 3827 5665

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OFFICE

COLLIERS INTERNATIONAL|VIETNAM

HO CHI MINH CITY HO CHI MINHCITY Deutsches Haus, 3rd floor 33 Le Duan Blvd,Deutsches Ben Nghe Haus,Ward, 3rd Floor District 1, HCMC, 33 Vietnam Le Duan Boulevard,

CAMBODIA CAMBODIA 93 SI Building, Preah Sihanouk, Sangkat Khan Doun Penh, Gelex Tower,Chaktomok, 9th Floor 93 SI Building Phnom Penh, Cambodia 52 Le Dai Hanh, Preah Sihanouk HA NOI

Ben Nghe Ward, District 1

Hai Ba TrungDistrict

Sangkat Chaktomok

HCMC, Vietnam

Hanoi, Vietnam

Khan Doun Penh

Tel: + 84 243 265 6969

Phnom Penh, Cambodia

HANOI Tel: + 84 28 38275665 Toong IPH, 2nd floor 241 Xuan Thuy, Cau Giay District, Hanoi

KONGSBERG FACILITY Dong Xuyen IP, Ba Ria-Vung Tau Province

Summary Information • Land Area: 45,795.6 sq.m • Land Tenure: annual payment expiring on 09 Sep 2046 (27 years remaining) • Legal Status: › Land Lease Contract signed directly with the park developer › LURC and Investment License has been issued • Land Rental: Annual fee of US$1.76/sq. m/year (Approx. US$80,537 per year) • Sale Structure: Share transfer of the onshore holding company

Site Plan

INVESTMENT

HIGHLIGHTS

• International private owner with local entity • Clean and clear company and ready for acquisition • Completed infrastructure • Reasonable price • In short supply from the industrial park developer

MAI CHI THO STREET

THU THIEM TU N N EL

PHU MY BRID G E

BIEN HOA HO CHI MINH – LONG THANH – DAU GIAY HIGH WAY

N H51

HCMC

TOLL STATION

N H51

› Cutting, rolling & steel storage: 1850 sq.m with 2 overhead cranes; Maximum lifting capacity 40 ton › Welding: 3000 sq.m with 3 overhead cranes and 6 wall travelling cranes; Maximum lifting capacity 100 ton › Assembly & Testing: 4500 sq.m with 3 overhead cranes and 6 wall travelling cranes; Maximum lifting capacity 100 ton › Machining: 250 sq.m with one overhead crane; Lifting capacity 15 ton › Machining area: 250 sq.m with one overhead crane; Lifting capacity 15 ton › Certified by ISO 9001 / ISO 14000 / OHSAS 18000 › Storage & kitting: 1600 sq.m › Offices 1st. floor: 1200 sq.m › Canteen, kitchen, reception & wardrobes: 1300 sq.m.

BELT ROA D 2

• Building: 12500 sq.m:

N G U YEN THI D IN H STREET.

1hr30 Drive

VUNG TAU

All enquiries and requests in relatio to this opportunity are to be directed to:

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

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

Accelerating success.

Daily Real Estate News Highlights Vietnam - 01 July 2020

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.

Foxconn plans to splash out over $325mn on affordable housing for workers in Vietnam

Tuoi Tre News Taiwan’s Foxconn Technology Group is waiting for authorities’ approval for its plan to spend more than US$325 million implementing three social housing projects for its workers in Vietnam. The projects will be developed in Bac Giang, Bac Ninh, and Vinh Phuc, all located in the northern region of the Southeast Asian country, according to Foxconn’s proposal submitted to the Government Office, the Ministry of Construction, and the Ministry of Planning and Investment.

Foxconn is seeking permission to build social housing for workers in Vietnam at a cost of over $325 million

Vinh Phuc invests technical infrastructure to lure investors Vietnam Investment Review Vinh Phuc province is making an effort to complete technical infrastructure while simultaneously accelerating investment promotion programmes in order to attract potential investors, especially foreign-invested enterprises after the pandemic.

Vinh Phuc is building out technical infrastructure to become a more welcoming investment destination

China maintains position as largest Vietnamese import market

The Voice of Vietnam Despite the first half of the year seeing Vietnamese export turnover to China only reaching a mere US$34.8 billion, equal to a slight fall of 2.2% from the same period last year, the northern neighbour retained its place as the country’s largest import market, according to the General Statistics Office (GSO). The continuation of increasingly complicated developments regarding the global novel coronavirus (COVID-19) epidemic, especially among nations that are key trade partners of Vietnam, has hit the export and import turnover of many commodities, with overall import and export turnover reaching only US$ 238.4 billion, an annual fall of 2.1%.

Masan seeks to become leading retail-consumer conglomerate

Bizhub Masan Group Corporation (HOSE: MSN) targets net revenues of VND75-85 trillion (US$3.2-3.64 billion) this year, a year-on-year increase of 101- 128 per cent. Net profit is expected to top VND1- 3 trillion (($42.9 – 128.7 million) as profitability increases in the second half of the year. MSN and two of its key publicly listed subsidiaries (Masan Consumer (HNX_UpCoM: MCH) and Masan MEATLife (HNX_UpCoM: MML) jointly held their annual general meeting in HCM City on July 30 under a shared theme, ‘Our journey is the consumers’ journey, to mark the company’s next phase of transformation.

Vietnam successfully masters COVID-19 test kit technology

The Voice of Vietnam Vietnam has been able to comprehensively master production technologies used in novel coronavirus (COVID-19) test kits and has increased the speed of research in the search for an epidemic vaccine, according to representatives of the Ministry of Health (MoH). These achievements can be attributed to the great efforts put in by scientists working in the medical sector, MoH representatives told Deputy Prime Minister Vu Duc Dam, who is also head of the National Steering Committee for COVID-19 Prevention and Control, at its meeting in Hanoi on July 30. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 02 July 2020

Fitch Solutions revises up 2020 real GDP growth forecast for Vietnam

Vietnam Insider Vietnamese economy’s resilience, the government’s capable handling of the pandemic, and it being a beneficiary of supply chain relocation could help the country rebound quicker versus the region. Fitch Solutions, a subsidiary of Fitch Group, has revised up its 2020 real GDP growth forecast for Vietnam to 3% from 2.8% previously..

Da Nang approves APEC sculpture park expansion plan

Fitch Solutions revises up 2020 real GDP growth forecast for Vietnam

The Voice of Vietnam Chairman of the Da Nang municipal People’s Committee Huynh Duc Tho has given the greenlight to the expansion of the APEC sculpture park, serving demand for leisure of locals and tourists. Accordingly, located next to the current park, the expansion area covers 6,668sq.m in Hai Chau district’s Binh Hien ward. A two-storey dome will be at the centre of the place which features a garden, an artificial hill, a fountain, pastures, and The design of the expansion area walking routes. The structure will have a basement spanning 3,027sq.m for parking and technical management.

CapitaLand Vietnam appoints new CEO

Bizhub CapitaLand Limited has appointed a new CEO in its core market of Viet Nam as part of its ongoing leadership development and renewal process. Ronald Tay will be appointed CEO of CapitaLand Vietnam effective from July 1. Adding to the wide-ranging expertise and experience of its senior executive team, the new appointment will support the group’s continued growth in a post-COVID-19 era. Tay is currently CEO, Residential & Retail, CapitaLand Singapore, Malaysia and Indonesia. He takes over from Chen Lian Pang, who will be retiring from CapitaLand.

Manufacturing output returns to growth in June

Vietnam News The Vietnamese manufacturing sector returned to growth in June as success in suppressing the coronavirus pandemic and greater business confidence helped lead to renewed expansions in output and new orders. A survey of Nikkei and IHS Markit released on Wednesday showed the Vietnam Manufacturing Purchasing Managers' Index (PMI) posted 51.1 in June, up from 42.7 in May and above the 50.0 no-change mark for the first time in five months. The reading represented a continuation of the recovery seen since the PMI hit a record low in April.

WHO invites Vietnam to join in Covid-19 vaccine research and production

Vietnam Insider World Health Organisation (WHO) Representative to Vietnam Kidong Park has said the Vaccine Alliance wants to invite Vietnam to join in research and production of vaccine against SARS-CoV-2. During a meeting chaired by Deputy Prime Minister and Head of the National Steering Committee for COVID-19 Prevention and Control Vu Duc Dam in Hanoi on June 30, Park said the vaccine is expected to be available in late 2021. and stranded tourists. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 03 July 2020 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 approves biggest commercial project this year to pace economic growth

Vietnam Insider Vietnam has approved its biggest commercial project this year, as the government seeks to maintain a record pace of public and private investment since January to help the economy emerge from the coronavirus pandemic. Prime Minister Nguyen Xuan Phuc signed off on a $9.3bn tourist resort led by Vingroup, Vietnam’s largest private conglomerate, in mid-June.

Vietnam approves biggest commercial project this year to pace economic growth

Ho Chi Minh City decided to open canals and renovate arches to prevent flooding

Tuoi Tre Online Ho Chi Minh City expands its water drainage planning to 3 times the current situation (from 650km2 to 2,095km2). Dredging and clearing canals and sediments that have been deposited and polluted to increase their capacity Ho Chi Minh City decided to open for storage, water drainage and environmental improvement. Nhieu Loc canals and renovate arches to - Thi Nghe Canal was heavily sedimented, causing a bad smell when the prevent flooding tide came down.

Vietnam, Japan seek to expand bilateral trade ties

The Voice Of Vietnam Minister of Industry and Trade Tran Tuan Anh and Japanese Minister of State for Economic and Fiscal Policy Nishimura Yasutoshi has had a phone discussion on ways to facilitate two-way trade as well as the significance of border trade and the CPTPP to post-epidemic economic recovery in the region and the world. The two ministers shared concern about the unilateral protectionism and underlined the importance of promoting the role of multi-border trade in economic recovery and development after the COVID-19 pandemic.

Viet Nam FDI inflows to accelerate despite de-globalisation

Bizhub A new wave of foreign direct investment driven by global uncertainty such as the US-China trade war and the COVID-19 pandemic is imminent in Viet Nam, and it will have a much bigger impact on the economy than previous FDI inflows, according to investment fund VinaCapital. Don Lam, the fund’s co-founder and CEO, said FDI inflows into Viet Nam has been extraordinarily high compared to regional peers in the last few years. Last year it topped US$38 billion, up 7 per cent from 2018.

Hanoi to license 229 projects worth $17.6bn: chairman

Tuoi Tre News Hanoi chairman Nguyen Duc Chung has said that authorities in the Vietnamese capital city are set to issue investment licenses for 229 projects with combined registered capital of VND405.57 trillion (US$17.6 billion). Chung made the announcement at the ‘Hanoi 2020 – Investment and Development Cooperation’ conference in the Vietnamese capital city on Saturday morning. The conference was attended by Prime Minister Nguyen Xuan Phuc, Vietnamese ministers and 1,850 international and domestic delegates, including 1,200 domestic and foreign investors and business representatives. colliers.com/vietnam

FOR SALE: TROPHY INCOME PRODUCING OFFICE BUILDING No.5 Dien Bien Phu Street, Cua Nam Ward, Ba Dinh District, Ha Noi City Investment highlights • 90% let revisionary office investment; • AAA Covenants include VP Bank; • Very close proximity to Doji Tower and Hoan Kiem Lake, in the heart of the CBD; • Ownership Certificate, Construction Plan and Construction Permit available; • Land area: 1,241.2 sq.m; • Total lettable area: 6,723 sq.m over ten floors and two basements; • Basement Parking: 1.087 sq.m

Details of Building Floors

1 2 3 4 5 6 7 8 9 10 Sum

Common use area (Area Construction area Area of use of elevators, corridors, (sqm) (sqm) stairs, toilets) (sqm) 780 850 850 850 850 850 850 850 850 850 8.430

246 213 156 156 156 156 156 156 156 156 1.707

534 637 694 694 694 694 694 694 694 694 6.723

Basement 2

900

429,3

471

Basement 1

900

283,9

616

1.800 10.230

713

1.087 7.810

Sum TOTAL

All enquiries and requests in relation to this opportunity are to be directed to:

Gavin M. Gross MRICS

COLLIERS INTERNATIONAL

Director | Hanoi Office Main: +84 8 3827 5665 MB: +84 964 490 245 Email: Gavin.gross@colliers.com

Level 2, Indochina Plaza Hanoi 241 Xuan Thuy street, Cau Giay District Hanoi | Vietnam www.colliers.com/vietnam

Accelerating success.

Daily Real Estate News Highlights Vietnam - 06 July 2020

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.

Gelex to raise stake in Viglacera

Bizhub The Vietnam Electrical Equipment JSC (Gelex) plans to acquire a 21 per cent stake in the industrial group Viglacera. Gelex will purchase 95 million Viglacera shares to raise its ownership to 46.15 per cent or 260.93 million shares. Gelex and related shareholders are holding 112 million shares or ndustrial Park, a project developed 2.94 per cent of Viglacera’s capital. by Viglacera (HoSE: VGC) in the

HCM City to develop hi-rises along metro line

northern province of Quang Ninh.

Vietnam News HCM City plans to stop construction of high-rise apartment buildings in downtown areas and focus instead on building such residential complexes along the first metro route in the eastern part of the city comprising districts 2, 9 and Thu Duc. Under a new proposal for 2021-30 by the Department of Construction, new housing projects must align with the development of technical and social infrastructure and availability of land A view of the under-construction first metro line in HCM City. The for public transport and parks.

VietinBank to sell 50 percent of capital in Vietinbank Leasing

city plans to license high-rise residential complexes along the route under a new proposal by the Department of Construction.

Vietnam Economic News Vietinbank (CTG) has approved a plan to sell 50 percent of its holdings in the bank’s financial arm Vietinbank Leasing Company Limited. The bank will sell 49 percent of its capital in Vietinbank Leasing to Mitsubishi UFJ Lease & Finance Co Ltd and 1 percent to another domestic investor. The bank’s Board of Directors also approved the plan to transfer the legal form of VietinBank Leasing, from single-member limited liability company to a limited liability company with two or more members.

New investment wave starts despite COVID-19

Bizhub The new wave of foreign investment triggered by COVID-19 and US-China trade tensions has become more visible, with outstanding overseas ventures being expanded in the first half of the year. Multinational corporation Techtronic Industries (TTI), which is developing a US$650 million plant complex in Saigon High-tech Park, recently met with more than 100 domestic suppliers to find a vendor for its project, which will focus on manufacturing hand-held cordless power tools and outdoor power equipment while being at the forefront of lithium-ion batteries, digitally-controlled motors and tools, and wireless applications.

Hanoi moves towards approving construction of third Aeon Mall

Vietnam Net The proposed construction of a parking lot and the Aeon Mall Hoang Mai Trade centre will soon be decided upon by the Hanoi People's Committee as Prime Minister Nguyen Xuan Phuc has approved the adjustment of the city's construction planning. Covering an area of 6ha, the project would be located behind Giap Bat Station in Dai Ki, Thinh Liet and Hoang Mai wards of Hoang Mai District. The area would be organised under the transit-oriented development (TOD) model closely linked with the national railway, the urban railway No 1, Giap Bat Station and Monorail M2. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 07 July 2020

Developers race to buy lands post-pandemic

VnExpress Property companies are snapping up prime lands, taking advantage of distress selling as the Covid-19 pandemic continues to weigh on the economy. Hung Thinh Group recently acquired 1,000 hectares in the Central Highlands province of Lam Dong, home to travel hotspot Da Lat.

Vietnam is taking drastic action to fast-track Metro Line 1 in Ho Chi Minh City

VnExplorer Last Monday, Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh chaired a meeting with municipal authorities to resolve obstacles around the disbursement of official development assistance (ODA) and concessional loans (CLs) in the city. At the meeting, the deputy prime minister has ordered ministries and agencies to speed up capital disbursement for Ho Chi Minh City’s first metro line, the Ben Thanh-Suoi Tien line.

Ha-Tinh eyes $43 million resort project

An artist's impression of an urban complex planned in Quy Nhon Town in Binh Dinh Province, central Vietnam.

After removing all bottlenecks, Ho Chi Minh City’s Metro Line 1 is expected to put into commercial operation by 2021

Vietnam Investment Review The Onsen Fuji Services Travel Joint Stock Company has proposed investing in a high-class marine resort project, the Wyndham Costa Ha Tinh, in the central province of Ha Tinh. The project with a total investment of nearly VND1 trillion (US$43 million) is set to be built in Thach Ha District’s Thach Van and Thach Tri communes. It is expected to maximise the potential of land and marine tourism in the area while improving local people’s living conditions.

McKinsey hails recovery capability of Vietnamese economy post COVID-19

The Voice of Vietnam The consulting firm McKinsey of the United States has recently published an article on its website praising the recovery capability of the Vietnamese economy after successfully containing the spread of the novel coronavirus (COVID-19) pandemic. According to the article, the country has been one of 11 outperformers among emerging economies, even becoming the first to fully reopen its domestic economy since the last known community transmission case of the COVID-19 was detected in the country more than two months ago.

Starting construction of Hai Son Industrial Complex in Hai Son Industrial Park with a scale of 1,300 ha

Vietnam Insider Hai Son industrial park with a scale of about 1,300 hectares, including 200 hectares of urban areas, including Hai Son industrial cluster in Duc Hoa Dong commune (Duc Hoa district), Long Thuong industrial cluster in Long Thuong commune (Can district) Giuoc) and Luong Binh industrial complex in Luong Binh commune (Ben Luc district). At the end of 2017, Hai Son Company bought all shares of Ngoc Phong Company, with the project area of 486 hectares, bringing the total area of Hai Son Industrial Park and Xuyen A Industrial Park to 1,800 hectares. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 08 July 2020

Real estate market struggles during Covid-19 pandemic

Vietnam Insider Real estate firms have had to struggle to survive during the COVID-19 pandemic, which has caused the loss of trillions of dong and job losses to 75-80 percent of workers in the field. The deputy general director of a real estate group specializing in developing urban areas in provinces Real estate market struggles during adjacent to HCM City said Covid-19 has upset the business plans and Covid-19 pandemic structure of the company.

Corporate bond market to boom in second half

The Voice Of Vietnam Companies are looking to raise debts from bond issuance before the amended Law on Securities takes effect next January. The amended securities law, which was approved by the National Assembly in November 2019, will take effect on January 1, 2021. The amended law will restrain local A view of Vinhomes Smart City, a companies from selling their bonds to investors, especially individuals, to project developed by the residential real estate firm Vinhomes JSC. diminish the risks for the equity market. According to Bao Viet Securities Co (BVSC), corporate bond issuance in June was estimated at VND31 trillion (US$1.34 billion).

7-Eleven Vietnam and Viet Capital Bank join hands to roll out JCB card

Vietnam Investment Review Seven System Viet Nam Jsc (7-Eleven Viet Nam), a worldwide convenient supermarket, and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co.,Ltd and Viet Capital Commercial Joint Stock Bank (Viet Capital Bank), a major commercial bank in Vietnam today announced the launch of Viet Capital Bank JCB 7-Eleven Credit Card. A great population of more than 90 million people, Vietnam is considered an attractive market for consumer goods.

Vietnam says may host F1 race in November

Tuoi Tre News Vietnam could host the country’s first Formula One Grand Prix in late November, the ruling body of its capital city said on Monday, as the country approaches three months without domestic transmission of the coronavirus. The Vietnam Grand Prix was initially due to take place in Hanoi on April 5 but was postponed because of the COVID-19 pandemic. Organizers said they would monitor the virus situation and pick another time for the race.

SM Entertainment is set to open first store in Saigon

VnExplorer The SMTown Vietnam outlet, which has been hosting exclusive events (July 3-12) to give 1,000 invited K-pop fans a sneak peak, is located on the fourth floor of the Crescent Mall in the Phu My Hung urban area, District 7. It consists of two zones with the SMTown Store where customers can purchase official merchandise, including albums and posters of SM’s artists and groups; and SMTown Café, which serves coffee and desserts. While the official opening date for the event has not been announced, it is expected to happen in the fourth quarter of this year.

colliers.com/vietnam

VSIP II-A DEVELOPMENT LAND VSIP II-A IP, Binh Duong Province

Summary Information • Address: No. 17 VSIP II-A, Street No. 29, Vietnam – Singapore Industrial Park II-A, Vinh Tan Commune, Tan Uyen Town, Binh Duong Province • Land Area: 20,940 sq. m • Land Tenure: Leasehold land with upfront payment of infrastructure use, expiring on 19 March 2058 (39 years remaining) • Legal Status: › Land Lease Contract signed directly with the park developer › LURC and Investment License has been issued › Pre-payment for the entire lease term has been paid 19 Mar 2058 • Land Sale Structure: Share transfer

1 hr 28 mins driving

Site Plan • It is irregular shaped and general level topography. All infrastructures were in place with completed road systems, sewerage systems and telecommunication systems. The site is accessible via Street No. 29. › Adjacent to Huang Chou International Co., Ltd on the right › Adjacent to Taejin Vietnam Co., Ltd on the left › Across from URC Vietnam Co., Ltd

INVESTMENT

HCMC

HIGHLIGHTS

• Local entity set up and held 100% by offshore by a International private owner. • Clean and clear asset and ready for acquisition. • All infrastructure were in place with completed road systems, sewerage systems and telecommunication systems. • Pre-payment for the entire lease term has been paid for the term which has a good 39 years left until 19/03/2058. • In short supply from the industrial park developer.

All enquiries and requests in relation to this opportunity are to be directed to:

Terence Alford

COLLIERS INTERNATIONAL

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

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

Accelerating success.

Daily Real Estate News Highlights Vietnam - 09 July 2020

E-commerce in Vietnam strongly pushed during COVID-19

Vietnam Insider It not only has changed consumers’ behaviors, but also forced traditional retailers and manufacturers to go online. Anh said he got home from Binh Dien Market at midnight and then had to go to the Vietnam Online Business Forum 2020 the next morning. He said the huge market is cumbersome and wants to carry out digital transformation and bring special products to e-commerce trading floors.

E-commerce in Vietnam strongly pushed during COVID-19

VGSI - Korean developer inks agreement with BIDV

Vietnam News Vietnam GS Industry and the Joint Stock Commercial Bank for Investment and Development of Vietnam, or BIDV, signed a deal to develop phase 1-1 of zeit RIVER COUNTY 1 at the ZEITGEIST urban township project. BIDV is committed to providing financial services and offering various privileges to VGSI’s partners and customers. VGSI has strategically partnered with BIDV to incorporate its banking services widely through ZEITGEIST’s phase 1-1. Cho Sung-yol, general director of VGSI, said the deal would serve as a foundation for both sides to enhance their competitiveness.

Vietnam GS Industry and the Joint Stock Commercial Bank for Investment and Development of Vietnam, or BIDV, signed a deal to develop phase 1-1 of zeit RIVER COUNTY 1 at the ZEITGEIST urban township project.

HaLong tour boats at risk of bankruptcy as customers drop sharply Vietnam Insider

Many tour boats in Ha Long Bay may have to close and go bankrupt, said Chairman of Quang Ninh People Committee Nguyen Van Thang at a meeting session with the provincial people’s council. According to Thang, 92% of the customers that use overnight boats in Ha Long Bay are international tourists. Since the start of Covid-19 pandemic, the number of international tourists went to near zero while the number of domestic tourists hardly increased. IFC offers Phu My Hung US$75 million to help business recover after Covid-19 The Saigon Times International Finance Corporation (IFC), a member of the World Bank Group, offered a financial package of US$75 million to Phu My Hung Development Corporation to help sustain its operations following the Covid-19 pandemic and allow it to extend financial relief to its clients, suppliers and contractors along its property value chain, thus helping preserve jobs and contributing to a resilient local economy. Phu My Hung is an established real estate developer in Vietnam that deals with housing units mainly in HCMC and also leases office and retail space to more than 300 businesses, most of which are of small and medium size.

New FDI wave set to bring both challenges and opportunities

The Voice Of Vietnam Along with political determination, there is still plenty of work still left to be done to make Vietnam a truly reliable destination for foreign investors, with an array of opportunities ready to welcome a new wave of foreign direct investment. This comes after the Politburo for the first time issued a separate resolution on foreign investment attraction, Resolution 50 /NQ-TW dated August 20, 2019, relating to orientations aimed at fine-tuning institutions and policies, whilst improving quality and efficiency of foreign investment co-operation until 2030. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 10 July 2020 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.

Residents of 4.3-hectare zone in Thu Thiem to receive compensation in September

The Saigon Times Families and individuals whose land was located inside a 4.3-hectare zone wrongfully reclaimed in the Thu Thiem new urban area will receive compensation, including a new land lot, apartment or cash in September 2020, HCMC vice chairman Le Thanh Liem said at a meeting this morning, July 9.

Vietnam is seeking a return to nuclear power

Vietnam Insider Vietnam mulls return to nuclear energy after 2035 amid warnings that dwindling natural resources could lead to electricity shortages. The VNExpress reported. A draft power plan by the Ministry of Industry and Trade envisages building nuclear power plants with a capacity of 1,000 MW by 2040 and 5,000 MW by 2045. The Vietnam Energy Association recently exhorted the government to reconsider nuclear power.

File photo of road construction in the Thu Thiem New Urban Area in District 2

Vietnam is seeking a return to nuclear power

DaNang clarifies suspicion of foreigners acquiring land use rights under names of Vietnamese nationals

Vietnam News The Department of Natural Resources and Environment of central Đà Nang City confirmed that it has not granted land use rights to any foreign individuals. The confirmation was in response to a question raised by a member of the city’s People’s Council over the accuracy of a media report on foreigners acquiring land use rights under the name of Vietnamese nationals. Huỳnh Bá Thành, who raised the question, expressed concern that the foreigners’ ownership of land lots located along the coastal areas in Đà Nẵng will pose potential risks to defence and security.

Audited report turns Hiep Phuoc Industrial Park smile up-side down

Vietnam Investment Review Hiep Phuoc Industrial Park has just announced VND788 billion ($34.26 million) in audited losses while its unaudited report showed a pre-tax profit of VND188 billion ($8.17 million). Hiep Phuoc Industrial Park JSC (HIPC, UPCoM: HPI), has just announced its 2019’s financial statement with bad results. In the previous unaudited report, HIPC calculated VND188 billion ($8.17 million) in pre-tax profit and VND7 billion ($304,350) in gross profit. However, the audited report pointed out VND788 billion ($34.26 million) in losses.

Japanese firms continue to grow business operations in Vietnam

The Voice Of Vietnam Of all Japanese enterprises operating in the nation, up to 63.9% have unveiled plans to continue expanding their business in the country, a higher rate than enterprises from ASEAN, ranking third in Asia and Oceania, behind those from Bangladesh and India, according to a recent survey conducted by the Japan External Trade Organization. The information was released during an online investment promotion conference held on July 9 in Hanoi with over 1,000 Japanese enterprises from around the world in attendance, indicating the level of seriousness shown by the Japanese business community in the nation.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 13 July 2020

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

Foreign tech giants eye Vietnam shift

VnExpress Several of the world's largest technology corporations plan to shift their production chains to Vietnam post-Covid-19, according to the Ministry of Industry and Trade. LG Electronics recently moved its entire smartphone production line from South Korea to northern Hai Phong City, the ministry The LG Electronics factory in Trang said. At a recent conference between the government and localities, Due Industrial Park in northern Hai Hai Phong authorities proposed expanding the city's Dinh Vu-Cat Hai Phong City. Economic Zone and Trang Due Industrial Park to create conditions for LG to expand its operations.

Vinhomes to build $10 bln urban area in northern Vietnam

VnExpress Real estate giant Vinhomes plans to set up a joint venture with its parent company, Vingroup, to develop a $10 billion urban area in Quang Ninh Province. The investment decision, along with some key personnel Vinhomes Golden River apartment changes, was recently approved by the company's shareholders, and the complex in District 1, Ho Chi Minh City. joint venture will invest in the 4,110-hectare Ha Long Xanh Complex Urban Area project in Quang Ninh's Ha Long and Quang Yen towns.

Foreign capital funds find ways to enter Vietnamese retail market

Bizhub With a scale of nearly US$180 billion and an annual two-digit growth rate, the Vietnamese consumer retail market is being squeezed by foreign investors. Recently, Arisaig Asia Consumer Fund Limited said that it had invested in three new businesses in Asia, including Saigon Beer-Alcohol-Beverage Corporation (Sabeco), but the investment was not disclosed. Previously, the fund continuously increased its ownership in Mobile World Investment Corporation (MWG) from the end of last year.

Vietnam, US leaders exchange congratulations on diplomatic ties

Vietnam News Leaders of Vietnam and the US have exchanged congratulations on the occasion of the 25th anniversary of the diplomatic relations between the two countries (July 12). In his congratulatory letter to US President Donald Trump, Party General Secretary and State President Nguyễn Phú Trọng noted that the US is Vietnam’s leading partner in various areas. In recent years, the two countries have coordinated to address bottlenecks, particularly in trade and finance, thereby consolidating and expanding the comprehensive partnership based on respect for the UN Charter, international law and each others’ political institutions, independence, sovereignty and territorial integrity.

Opening high-speed cruise ship to Ca Mau - Nam Du - Phu Quoc island

Tuoi Tre Online On July 7, at Song Doc estuary (Tran Van Thoi district, Ca Mau province), the high-speed train line Ca Mau - Nam Du - Phu Quoc was officially opened. Phu Quoc Express high-speed train is a two-hull ship with a capacity of 600 guests. The Ca Mau - Nam Du - Phu Quoc route will serve the first departure at 9:00 am on July 7, departing from Ong Doc passenger port (Song Doc town, Tran Van Thoi district, Ca Mau province) to Phu Quoc with a journey of about 3 hours and 15 minutes. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 14 July 2020

Real estate expert proposes policy allowing foreigners to own land

Vietnam Investment Review A policy allowing foreign individuals and organisations to buy and own houses and construction works in Vietnam will help lure investment and high quality human resources from the outside to the country for national development, according to Nguyen Tran Nam, Chairman of the Vietnam Real Estate Association.

A view of the central city of Da Nang

Long Sơn PIC to raise capital for new industrial park project

Vietnam News Long Son Petroleum Industrial Zone Investment JSC (Long Son PIC) will issue a total 82.5 million new shares seeking funding for its project in Bà Ria-Vũng Tàu Province. Long Son PIC will sell 65 million shares to Gelex Energy, a member of the Vietnam Electrical Equipment JSC (Gelex), The Long Son Petroleum Industrial and 17.5 million shares to Viglacera Yên Ma-Hung Yên Industrial Zone Park in Bà Ria-Vũng Tàu Province Development JSC.

Vietnam New Immigration Law: Things Every Foreigner Should Know

Vietnam Insider Vietnam’s new immigration law includes a new type of visa for foreigners who come to Vietnam to conduct activities as part of international agreements Vietnam has signed. The change is expected to facilitate the implementation of new agreements that Vietnam has signed such as the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), said Colonel Tran Văn Du, deputy head of the Immigration Department under Ministry of Public Security.

HCM City seeks developers for nearly 300 PPP projects

Vietnam News HCM City is expected to reconsider projects under the public-private partnership investment form meant to combat flooding and land subsidence and resettle people living along canals when new regulations for PPP come into effect. The city has sought private partners for nearly 300 PPP projects, with the Thu Thiêm Bridge No 4 being the latest. To cost VNĐ5.2 trillion (over US$2.25 billion), the bridge will connect Districts 2 and 7, easing traffic congestion in Sài Gòn South Area and boosting the development of the new Thu Thiêm urban area.

Construction begins on new urban area in An Giang

Bizhub Construction began on the Sao Mai Tay Cai Dau New Urban Area project worth VND1.2 trillion (US$52 million) in An Giang Province last Sunday (July 12). Covering 62 ha, the New Urban Area is located in Cai Dau Town in Chau Phu District. Sao Mai Group Corporation (Sao Mai Group) is the project’s developer. Tran Thanh Nha, chairman of the provincial People’s Committee, said the new urban area will create a driving force for the development of the province’s western region. Le Thanh Thuan, general director of Sao Mai Group, said construction is scheduled to be completed in 2025. The project will include a trading and service area, market, parks, villas, townhouses, commercial townhouses, office buildings and areas for cultural, physical training and sport activities. colliers.com/vietnam

BAU BANG DEVELOPMENT LAND Bau Bang IP, Binh Duong Province

Summary Information • Land Area: 130,894 sq. m • Land Tenure: Leasehold land with upfront payment of infrastructure use, expiring on 30 June 2057 (38 years remaining) • Legal Status: › Land Lease Contract signed directly with the park developer › LURC and Investment License has been issued › Majority Pre-payment for the entire lease term has been paid • Land Rental: An additional rental of US$0.2/sq. m/year will be paid annually. This portion will be reviewed every 5 years with the increase margin of no more than 20% of the previous 5-year period. • Sale Structure: Share transfer 1hr 40 mins Drive

Site Plan

• It is irregular shaped and general level topography. All infrastructures were in place with completed road systems, sewerage HCMC systems and telecommunication systems. The site has 3 street frontages and is accessible via Street N5 (25m widen), Internal street D5 (25m widen) and street D4 (25m widen). › Approx. 470 meters on Street N5 › Approx. 397 meters on Street D5 › Approx. 200 meters on Street D4 All enquiries and requests in relatio to this opportunity are to be directed to:

INVESTMENT

HIGHLIGHTS

• International private owner with local entity • Clean and clear company and ready for acquisition • Completed infrastructure • Land Rental 100% paid up until 30/06/2057 • Reasonable price • In short supply from the industrial park developer • $1.5M tax deductible through depreciation (over last 10 years)

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

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

Accelerating success.

Daily Real Estate News Highlights

Vietnam - 15 July 2020

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.

Hilton brand available in HCMC

The Saigon Times Hilton, which is one of the 10 most luxury hotel brands in the world, is operating a series of five-star Hilton hotels in Vietnam. Of which, Hilton Saigon will be the first one in HCMC meeting all expectations of enterprises active in the tourism and hotel sectors in Vietnam and the Hilton Saigon Hotel will be manworld as a whole. When golden land lots in downtown HCMC are counted aged by Hilton Worldwide Holdings on the fingers of one hand, the five-star Hilton Saigon Hotel stands out, Inc. being located at a prime site.

Vietnamese airlines fast-growing trend

boost

online

services

amid

Tuoi Tre News Vietnamese airlines have been focusing on improving their online services and mobile applications to maximize convenience for passengers during their booking and check-in. As online shopping and payment have become a fast-growing trend in Vietnam, especially after the novel coronavirus disease (COVID-19) epidemic hit, airlines in the country have decided to boost their online services such as booking, check-in, seat section, and in-flight meal preorders.

Passengers complete automatic check-in procedures at Vietjet Air kiosks at an airport in Vietnam

Fee reduction bolsters domestic automobile market

Vietnam Plus After much anticipation, the Government has issued Decree No 70 on reducing registration fees on domestically-manufactured and assembled motor cars. With the resultant 50% cut in fees, car-owners will save tens of millions or even hundreds of millions of Vietnam dong if they buy a car this year. The reduction, however, does not apply to imported vehicles. At this car dealership, visitor numbers have been on the rise, and both dealer and buyers are confident that the new policy will help revive the local auto market.

Foreign funds eye retail market

The Voice Of vietnam With a scale of nearly US$180 billion and an annual two-digit growth rate, the Vietnamese consumer retail market is being squeezed by foreign investors. Recently, Arisaig Asia Consumer Fund Limited said that it had invested in three new businesses in Asia, including Saigon Beer-Alcohol-Beverage Corporation (Sabeco), but the investment was not disclosed. Previously, the fund continuously increased its ownership in Mobile World Investment Corporation (MWG) from the end of last year.

EVFTA: Vietnamese goods to face stiff competition

The Voice Of vietnam Vietnamese goods are likely to face intense competition once the EU-Vietnam Free Trade Agreement (EVFTA) takes effect in early August, economists have forecast. The EUâ&#x20AC;&#x2122;s exports to Vietnam are expected to increase by about 29 percent by 2035, or about 15 billion EUR (17 billion USD), while tariffs on EU products shipped to Vietnam will gradually fall to zero percent. The Finance Ministry is drafting a decree on preferential export-import tariffs for the 2020-2022 period. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 16 July 2020

Vietnam’s flag carrier may face liquidity shortage from Covid-19 impact

Vietnam Insider Flag carrier Vietnam Airlines may face a liquidity shortage from late next month due to the coronavirus pandemic impact, the government said on Tuesday, as it explores measures to help the firm. Though Vietnam has successfully contained its own outbreak and its airlines are quickly restoring and expanding their domestic operations to meet growing demand, a ban on international commercial flights is still in place.

Vietnam’s flag carrier may face liquidity shortage from Covid-19 impact

Dong Nai priority urban development services

Tuoi Tre Online Dong Nai province aims to concentrate investment on the 'golden triangle' including Bien Hoa - Long Thanh - Nhon Trach through the development of many urban - service projects in the region to create a growth engine.The focus of this development direction is the Long Thanh International Airport Long Thanh International Airport project in Long Thanh district, which is expected to start construction in is expected to complete phase 1 by 2025 with a capacity of 25 million the second quarter of 2021 and be completed in 2025. passengers per year.

Vietnam's foreign borrowings jump 1.6-fold to US$533 million in H1 Hanoi Times The government is looking at loans and government bonds, among others, to meet growing demand of state expenditure. In the first six months of the year, the Vietnamese government signed five loan agreements to borrow a combined US$533.2 million from foreign creditors, up 1.6-fold compared to the same period last year, according to the Ministry of Finance (MoF). In addition to foreign loans, the MoF has increased the sale of government bonds, particularly 10-year notes, to meet growing demand of state expenditure in public investment and the government’s support programs for businesses and people affected by the Covid-19 pandemic. More loans to enjoy restructured repayment periods Vietnam News The State Bank of Viet Nam is drafting amendments to a circular that restructures repayment periods, waives and reduces interest rates and fees and maintains debt classification to support people affected by the COVID-19 pandemic to ensure more receive the support. According to the draft circular which was recently made public for comments, more loans could have repayments postponed until after the end of this year.

Construction ministry urges better management of industrial buildings

Vietnam News People’s committees of central-level cities and provinces have been ordered to strengthen quality management of industrial buildings with large walls. The move came after recent wall collapses which led to deaths and property damage. According to the Ministry of Construction, the construction of industrial buildings has mushroomed in almost all localities. In many cases, building contractors and constructors are not qualified and there are reportedly violations in the construction process, resulting in accidents.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 17 July 2020 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 may resume pre-crisis growth levels by next year

Vietnam Insider Although Covid-19 threw a spanner in the works for Vietnam’s thriving economic growth story, McKinsey & Company suggests that the country could resume pre-crisis growth levels by next year. Two factors have combined to cushion the blow of Covid-19 on Vietnam’s economy, at least in comparison to other economies across Asia and the world. For one, the country was successful in containing the virus.

Vietnam may resume pre-crisis growth levels by next year

Infrastructure is essential for Hanoi's first satellite city to attract investment

Hanoi Times As Hoa Lac urban area’s transport infrastructure system has still been underdeveloped, not many investors have shown interest in Hoa Lac Hi-tech Park. The infrastructure system in Hoa Lac satellite, the first of five of its kind in Hanoi, needs to be completed in order to attract investment into this key urban area.

Infrastructure in Hoa Lac needs to be completed to attract investment.

Vietnam weighs regular flights to six foreign destinations in August

Tuoi Tre News The Civil Aviation Authority of Vietnam (CAAV) has proposed that weekly flights between the Southeast Asian country and China, Japan, Taiwan, South Korea, Laos, and Cambodia be operated from August. The proposal came after the prime minister recently agreed to resume commercial flights to and from China after months of closure due to the coronavirus disease (COVID-19) pandemic. According to the CAAV, foreign airlines such as Cathay Pacific and Singapore Airlines have been operating international flights to and from Vietnam since June.

Insurance market expected to grow 20 percent

Vietnam News Viet Nam’s insurance market is expected to achieve a growth rate of more than 20 per cent this year, according to Viet Nam Report (VNR). On the list of 10 most prestigious insurance companies in Viet Nam in 2020 released by VNR, up to 90.5 per cent of surveyed businesses were optimistic about the insurance sector in the second half of the year. According to the report, the insurance market has seen high and stable growth, contributing to building a transparent financial background as well as stabilising the macro-economy.

Emerging Trends in Vietnam’s Gaming Market Investors Should Be Aware Of

Vietnam Insider It’s no secret that Vietnam has been on the radar of the largest investors in the world for quite some time. The World Bank classed the country as the fastest-growing economy on the planet in 2019, thanks to growth rates of 7.31%, spurred by “robust domestic demand” and a growing export market. As Vietnamese consumers grow ever-wealthier and increasingly become the target of global companies, interest in local consumer trends has risen markedly. One area of the Vietnamese consumer market that shows particular promise is the gaming market, a $136 million a year industry that represents the largest gaming market in South East Asia.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 20 July 2020

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.

15 Japanese firms will be paid for moving to Vietnam from China

Bizhub The 15 firms belong to a list of 30 Japanese firms who will be paid to move factories out of China and set them up in Southeast Asian markets like Vietnam, the Philippines, Thailand and Laos. Releasing the list, the Vietnam Airlines will hold a majoriJapan External Trade Organization (Jetro) said six of the 15 were large ty stake of Jetstar Pacific and then firms and the remaining nine were small and medium-sized enterprises restructure it (SMEs).

Dai-ichi Life Holdings sets up representative office in Vietnam’s capital

Vietnam Investment Review The Ministry of Finance has granted approval allowing Dai-ichi Life Holdings to establish a representative office in Hanoi, as announced by Seiji Inagaki, president and representative director of the leading Japanese Dai-ichi Life Holdings’ headquarters in Japan life insurer, on July 8.

Vietnamese dong expected to average stronger in 2020: Fitch

Vietnam Insider Vietnam’s central bank is expected to pursue a stronger dong, especially as this might weigh on the recovery of the country’s export-oriented manufacturing sector over the coming months. Although foreign direct investment (FDI) in 2020 is likely to be weaker than 2019 due to Covid-19, Fitch Solutions expected the Vietnamese central bank to continue intervening to maintain the Vietnamese dong (VND) stability over the coming quarters and have revised its forecast for the VND to average VND23,250/USD in 2020, from VND23,475/USD previously.

Vietnam PM to address concerns of Samsung, LG, Lotte post Covid-19

Vietnam News The holding of a dialogues between the Vietnamese government and the Korean business community demonstrates strong economic ties between Vietnam and South Korea. The Vietnamese Prime Minister’s Advisory Council for Administrative Procedure Reform is set to hold a dialogue with the South Korean business community today [July 17] to address their concerns. The event, co-chaired by Minister-Chairman of the Government Office, Chairman of the Council Mai Tien Dung and South Korean Ambassador to Vietnam Park Noh Wan, is set to attract 320 representatives of ministries and provinces/cities as well as major South Korean conglomerates like Samsung, SK Group, LG, Lotte, POSCO, Hanwha, CJ, Hyosung, Shinhan Bank.

Vietnamese enterprises invest approximately US$21 billion abroad

Vietnam Net Last year saw local businesses pour a figure of US$21 billion into more than 1,300 projects in foreign countries, with profits transferred home reaching roughly US$3 billion, according to the Ministry of Planning and Investment. Included in the figure are a number of major schemes, such as an oil and gas project run by PetroVietnam in Russia at over US$170 million, Viettel's telecom network project in Cambodia at US$22.1 million, and Petrolimex's programme in Singapore at nearly US$10 million. Included in the figure are a number of major schemes, such as an oil and gas project run by PetroVietnam in Russia at over US$170 million, Viettel's telecom network project in Cambodia at US$22.1 million, and Petrolimex's programme in Singapore at nearly US$10 million. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 21 July 2020

Vietravel Airlines to start operation with three planes

Dan Tri News The Civil Aviation Administration of Vietnam has submitted to the Ministry of Transport the evaluation results of the proposal to grant business permission to Vietravel Airlines. According to the Civil Aviation Administration of Vietnam, Vietravel Airlines' dossier has met all requirements for charter capital, plane fleet, business plan and development plan. The administration then asked the ministry to complete the procedures to grant the business license to Vietravel Airlines.

Vietravel Airlines to start operation with three planes

Da Nang City plans seven hospital projects

Vietnam Economic News The central city Đà Nang has proposed a plan of developing seven high-quality healthcare service projects with an estimated fund of VNĐ13.6 trillion (US$591 million) from the state budget, the city’s planning and investment department said. The department said seven projects will include an island and sea healthcare centre in Liên Chieu Distrit, a general hospital in the suburban Hòa Vang District, and a healthcare service centre for the elderly in Cam Le District.

VinMec international hospital in Đà Nang City. The central city proposed a development plan of seven more hospitals and medical centres in 2021-25.

Vietnam’s car import drops in June

Dan Tri News Vietnam imported 3,552 cars in June worth a total USD97.9 million, down 27% on-month. According to the General Customer Department, in May, the country spent USD109 million on importing 4,886 cars.In June, the majority of cars imported into Vietnam came from Thailand, China and Indonesia with 1,092; 716 and 638 cars respectively, representing up to 87% of the total.In the month, 2,082 were cars of nine seats and below, down 48.9% against May.

Banks eye profit growth despite pandemic

VnExpress The banking industry expects pre-tax profit to rise 4.9 percent this year despite the impacts of coronavirus on lending. 18 out of 19 banks on the country’s three bourses target an average growth of 4.9 percent in pre-tax profit this year, a turnaround from their earlier forecast that profit would fall 11.9 percent, according to a report by financial data provider FiinGroup. In the second quarter some banks achieved pre-tax profit growth of over 20 percent year-on-year, including VIB (up 41 percent), HDBank (40 percent) and Vietinbank (39 percent).

Thừa Thiên–Huế’s economic zone looks for post-pandemic investments

Vietnam Net The Chân Mây – Lăng Cô Economic Zone in the central province of Thua Thiên – Hue, which boasts comprehensive infrastructure and an open investment environment, is looking for new funding post-COVID-19. The zone is home to 47 projects with a total registered capital exceeding VNĐ79.3 trillion (US$3.4 billion). According to vice director of the management board of the province's economic and industrial zones Nguyen Công Bình, the province will hold a conference to promote investment in the zone in July, focusing on the fields of tourism, urban development, logistics and hi-tech industry. colliers.com/vietnam

INDUSTRIAL & RESIDENCE DEVELOPMENT LAND Phuoc Binh Commune, Long Thanh District, Dong Nai Province Summary Information • Project Area: 4,354,888 sq.m • Land Tenure: New LURC on acquisition • Legal Status: › Dong Nai Government’s approval on Project Proposal › 1/5000 and 1/2000 Masterplan › Land Lease Contract signed directly with Dong Nai Government • Project Status: Vacant land for cultivation of perennial trees › No compensation for public land › Crop compensation is required for the local residents & organizations

1 hr 33 mins driving

Project Masterplan INDUSTRIAL SECTION

1,990,310.5 SQ. M

100%

•

Land for Factories

1,373,314.2 sq. m

69%

•

Land for Services, Management and Support

99,515.5 sq. m

•

Land for Technical Purpose

39,806.2 sq. m

•

Land for Transportation

199,031.1 sq. m

10%

•

Land for Landscaping (Green area, water-surface, etc.)

278,643.5 sq. m

14%

RESIDENTIAL SECTION

2,364,577.5 SQ. M

100%

•

Land for Residential

1,371,455.0 sq. m

58%

•

Land for Mixed-use

189,166.2 sq. m

•

Land for Transportation

425,624.0 sq. m

18%

•

Land for Landscaping (Green area, park, water-surface, etc.)

378,332.4 sq. m

16%

TOTAL

4,354,888 SQ. M

100%

All enquiries and requests in relation to this opportunity are to be directed to:

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

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

Accelerating success.

Daily Real Estate News Highlights Vietnam - 22 July 2020

PM urges HCM City to disburse public investment funds

Vietnam News Prime Minister Nguyen Xuân Phúc has urged HCM City authorities to adopt drastic measures to accelerate public investment disbursement. Speaking at a meeting with local authorities on Monday, he said though the city has made great efforts in promoting socio-economic development and COVID-19 prevention and fighting, its economic growth was still low, greatly affecting the growth of the whole country.

China-built metro line in Vietnam falls 2 years behind schedule

Vietnam Economic News Construction of a 13 km railway between Cat Linh and Ha Dong in Hanoi, Vietnam’s first metro line, has been greatly delayed by discord between the government and the Chinese company undertaking the project. Facilities are nearly complete. But the line, originally scheduled to begin service in September 2017, has yet to start operating.

Prime Minister Nguyen Xuân Phúc (the third from left) speaks at a meeting with HCM City officials on Monday

China-built metro line in Vietnam falls 2 years behind schedule

PHILUX Capital Advisors invests $200 million in Hoang Quan Group

Vietnam Investment Review PHILUX Capital Advisors, a wholly-owned subsidiary of PHI Group, has just announced that it would pour VND4.6 trillion ($200 million) into domestic Hoang Quan Group to co-invest in real estate projects. This investment could include industrial zones, ports, and resorts that Hoang Quan Group currently manages or is developing. In addition, PHILUX Capital will also advise and assist Hoang Quan Group in a comprehensive restructuring effort to access international capital markets and list their securities on the US or other major foreign stock exchanges.

Local stocks drop, industrial real estate advances on Japanese factories move

Vietnam News Industrial real estate stocks soared on Monday but their gains were not enough to cushion the market, overclouded by a cautious market sentiment. The benchmark VN-Index on the Ho Chí Minh Stock Exchange dropped 1.22 per cent to close Monday at 861.40 points. The VN-Index gained total 0.09 per cent last week. The blue-chip tracker VN30-Index lost 1.33 per cent while the VN30 futures, which mature on August 20, fell 1.41 per cent to 796.50 points. The mid-cap and small-cap indices were down 1.11 per cent and 0.67 per cent, respectively.

Noi Bai Airport will abolish announcements made via its public address (PA) system

Vietnam Insider A representative of the airport said on Monday that the announcements, including final boarding calls for passengers and flight landing notifications, will only be shown on the flight information display system as per its plan approved by the Airports Corporation of Vietnam. Flight statuses, including delays and cancelations, will be detailed on screens available in both Vietnamese and English. Likewise, screens installed at baggage claim areas will keep passengers informed of the status of their baggage. Other announcements, including boarding gate changes, emergency bulletins, and fire alarms, will still be relayed through the PA system. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 23 July 2020

First housing project in Khánh Hòa allowed to sell apartments to foreigners

Vietnam News The Scenia Bay Complex became the first housing project in Khánh Hòa Province allowed to sell apartments to foreigners, according to a recent announcement of the provincial Department of Construction.

Zoning plan for Red river needs to ensure sustainable development: Expert

Hanoi Times Hanoi’s authorities have actively worked with relevant ministries and agencies to accelerate the zoning plan of the riparian areas on both sides of the Red river crossing the capital city. Hanoi has been active in building two back dikes in the Red river section through urban districts and in the relocation of nearly one million inhabitants along the river; however, it still needs to ensure sustainable development in the riparian areas, Kinh Te & Do Thi quoted architect Tran Huy Anh as saying.

Vietnam nominated for multiple categories at the annual 2020 World Travel Awards

Scenia Bay Complex became the first housing project in Khánh Hòa Province allowed to sell apartments to foreigners.

The park in the middle of a river in China’s Zhejiang city and an idea for residential area outside Hanoi’s Red river dike.

Vietnam Insider Vietnam has been nominated for multiple categories at the annual 2020 World Travel Awards (WTA), a prestigious international awards program for the travel, tourism, and hospitality industries. It was nominated for eight awards in the Asian region for Leading Culinary Destination, Leading Cultural Destination, Leading Destination, Leading Heritage Destination, Leading Nature Destination, Leading River Cruise Destination, Leading Sustainable Tourism Destination, and Leading Youth Travel Destination.

HCM City property developers look outside for greener pastures

Bizhub Many HCM City property developers are moving to neighbouring provinces since the city is running out of land and prices are too high. At a seminar on “Real estate market trends after COVID-19” held in HCM City last week, Vo Huynh Tuan Kiet, associate director and head of residential project marketing team of CBRE Viet Nam, said the city market would continue to be affected by the impacts of the COVID-19 epidemic, but housing demand remains steady, especially in the low-cost segment.

NA leader welcomes investors to Bà Rịa-Vũng Tàu

Vietnam News The National Assembly will propose the Government minimise administrative procedures for investment projects, said National Assembly Chairwoman Nguyen Thi Kim Ngân. She made the statement at a working session with leaders of Phú My 3 Industrial Zone and representatives of foreign-invested businesses in southern Bà Ria-Vũng Tàu Province on Wednesday. CEO and Director General of Thanh Bình Phú My Company, the investor of the industrial zone, Nguyen Thi Thao Nhi, said the law and policy building works have been gradually completed towards global integration, autonomy and fairness and the Government has made efforts to improve the investment environment. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 24 July 2020 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.

Largest rooftop solar system in Vietnam will be built very soon

Vietnam Insider Hexagon Peak, the project development arm of Hexagon Holdings Singapore, announced today, the company has entered into a long term Power Purchase Agreement with New Wing Interconnect Technology Largest rooftop solar system in Vi(NWIT), a fully owned subsidiary of Foxconn Group for the largest rooftop etnam will be built very soon solar system in Vietnam with a nominal power output of 6 MWp to be built by Inpos.

Trade surplus hits US$6 billion over six months

Vietnam Investment Review Vietnam has enjoyed a trade surplus exceeding US$6 billion since the beginning of this year till mid-July despite the COVID-19 pandemic, according to statistics released by the General Department of Vietnam Customs.The first half of July alone witnessed the nation’s total export Trade surplus hits US$6 billion over turnover reach US$10.91 billion. six months

Vietnam imposes anti-dumping taxes on packaging materials

Nhan Dan Online Vietnam’s Ministry of Industry and Trade (MOIT) has formally decided to impose anti-dumping measures on packaging materials imported from China, Thailand and Malaysia. Under the decision, punitive tariffs of between 9.05% and 23.71% will be levied on materials known as BOPP films, which are widely used in the food packaging industry. The official duty is lower than the previously imposed preliminary tax as Vietnamese authorities have weighed the interests of local manufacturers, consumers and downstream industries that use BOPP.

Vietnamese firms increase overseas investment

Vietnam News Vietnamese firms have been increasing their overseas investments in recent years in an effort to expand their global reach. The Ministry of Planning and Investment’s report recently submitted to the Government showed that Viet Nam registered US$528.78 million in 172 projects in 33 countries and territories in 2019, representing a year-on-year increase of 10.7 per cent. Of note, all the registered overseas projects last year were of private companies in Viet Nam and there were no new overseas projects by State-owned enterprises (SOEs).

VinaCapital launches ETF to track VN100 Index

Vietnam News VinaCapital, one of Viet Nam’s leading investment management companies with over US$3 billion in assets under management, launched its VN100 Exchange Traded Fund on the Ho Chí Minh Stock Exchange. The ETF, under the ticker FUEVN100, VinaCapital’s first, aims to replicate the performance of the VN100 Index, a free-float adjusted, market capitalisation-weighted index measuring the performance of the 100 largest and most liquid stocks. It is closest in performance to the VN Index, which consists of all listed stocks on HOSE and is considered the country’s benchmark.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 27 July 2020

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.

Novaland signs up Centara Hotels & Resorts to manage NovaHills Mui Ne Resort & Villas

Bizhub Novaland Group and Centara Hotels &Resorts have signed a strategic partnership agreement. With this, Centara Hotels & Resorts will manage Novaland’s NovaHills Mui Ne Resort &Villas.

Centara Hotels &Resorts to manage

Léman Luxury wins Dot Property Award 2020 for Best NovaHills Mui Ne Resort & Villas Innovative Green Building from Q1/2021

Vietnam Investment Review Léman Luxury was honoured with the Best Innovative Green Building Award at the Dot Property Vietnam Awards 2020 ceremony on July 23, 2020 at The Reverie Saigon. Over 28 years of establishment and development, C.T Group has strengthened its foothold as a corporation that puts humans at the centre of business and makes positive impacts to the community, setting a new model of a corporation that works towards Léman Luxury receiving the Dot Property Award 2020 for Best Innothe development of the community.

Timo joins hands with Viet Capital Bank as its new banking partner

vative Green Building

Vietnam Insider Timo, the first digital bank in Vietnam, which developed by the Vietnam Prosperity Joint Stock Commercial Bank (VP Bank) and Global OnlineFinancial Solution has just announced its new banking partner – the Viet Capital Bank. Timo is the first bank in the country without branches or traditional transaction offices. All services, including ATM cards, opening of saving accounts and payment to accounts, will be done online though mobile banking applications on smartphones or its website.

Vietnam construction industry stays positive during Covid-19

Hanoi Times The construction industry grew 4.5% year-on-year during the first six months of 2020, which was higher than the GDP growth rate of 1.8%. Despite the negative impact of Covid-19, there were positive signs in the growth rate of the construction industry and the coated steel segment during the first six months of 2020, according to Viet Dragon Securities Company (VDSC). Notably, the construction industry grew 4.5% year-on-year during the period, which was higher than the GDP growth rate of 1.8%

Deputy Prime Minister outlines importance of climate change strategy to United Nations

Vietnam Insider The Vietnamese government has once again reiterated the serious need for proper strategies in regard to climate disaster, with the Deputy Prime Minister abiding by Vietnam’s strategic tone in an address to the United Nations Security Council, alongside other representatives from both Europe and the United States. With the calculated risks of climate change being potentially catastrophic for Vietnam, the address given by Pham Binh Minh stressed the evidenced impacts of environmental damage, including the increasingly precarious food security, water source issues that continue to be under restraint due to changes in global emissions

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Daily Real Estate News Highlights Vietnam - 28 July 2020

Ben Tre to solicit investment in hi-tech agriculture

Bizhub The Cuu Long (Mekong) Delta province of Ben Tre will offer incentives to attract investments in hi-tech agriculture and in projects with high value-addition, according to its People’s Committee. Nguyen Huu Lap, deputy chairman of the People’s Committee, said the province sought to become a hub for agricultural production and distribution associated with eco-tourism.

Vingroup to carry out four projects worth US$3.43 billion in Hanoi

The project of National Fair Exhibition Center is expected to be carried out in Dong Anh district

Hanoi Times The four projects include the Center for National Exhibition Fair project and three housing developments. Vietnam Exhibition Fair Center Joint Stock Company (VEF), a subsidiary of Vietnamese conglomerate Vingroup, has plans to invest VND78,700 billion (US$3.43 billion) in four projects in Coconut processing is one of the Hanoi, VnExpress reported. They include the Center for National Exhibition key economic activities in Ben Tre Province in the Cuu Long (Mekong) Fair project and three housing developments. Delta

Organisations rush to sell Sacombank shares to retrieve debt

Bizhub Some organisations have rushed to sell shares of Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) to retrieve bad debts, but it was not easy to find buyers agreeing with the offered price. Lien Viet Securities JSC (LVS) has recently failed to offload three million Sacombank shares because of inappropriate market conditions. LVS last month registered to sell all three million Sacombank shares via order matching or put-through trading methods from June 18 to July 17.

Construction of wind farms worth $227m begins in Bac Lieu

Bizhub The construction of two wind farms with a combined capacity of 100MW began in Hoa Binh District of the Mekong Delta province of Bac Lieu on Sunday. The wind power plants will be built with a total investment worth more than VND5.22 trillion (US$227 million). They are expected to generate about 400 million KWh annually, raking in excess of VND800 billion per year. Phase 2 of the Hoa Binh 1 wind farm, spanning 935ha, is being built on the same premises as phase 1 to raise land-use efficiency. Meanwhile, the Hoa Binh 2 wind farm will be in Vinh Thinh Commune, covering a coastal area of nearly 1,120ha.

JCB, Shopee unveil Southeast Asia collaboration

Vietnam Investment Review E-commerce platform Shopee has announced a tie-up with JCB International Company Ltd (JCBI) that will offer online merchants and shoppers enhanced payment options. HCM City - E-commerce platform Shopee has announced a tie-up with JCB International Company Ltd (JCBI) that will offer online merchants and shoppers enhanced payment options. The partnership is launched in Indonesia, Thailand and Vietnam and will be followed by Singapore and the Philippines in the coming months. JCB will offer year-round and seasonal discounts and an additional safe and secure payment method for shoppers; Shopee will also promote participating stores that support JCB. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 29 July 2020

Publish the project of InterContinental Halong Bay Resort & Residences

The Voice of Vietnam On 7/27/2020, representatives of BIM Land Real Estate Joint Stock Company, members of BIM Group and representatives of InterContinental Hotels Group (IHG®) signed a bilateral cooperation agreement to develop the InterContinental Halong Bay Resort & Residences in Ha Long, Quang Ninh. This is the fifth milestone in a decade of cooperation between these two strategic partners

Publish the project of InterContinental Halong Bay Resort & Residences

Vinhomes profits up 13 pct in H1

VnExpress Real estate giant Vinhomes reported a pre-tax profit of VND15 trillion ($654 million) for the first half, up 13 percent year-on-year. The Vingroup subsidiary saw revenues rising 33 percent to VND35.6 trillion ($1.5 billion). In the second quarter Vinhomes launched units in two apartment projects in Hanoi and villas and shophouses in Ho Chi Minh City.

Apartment buildings in Vinhomes's Times City apartment complex in Hai Ba Trung District, Hanoi

Start-up investment in Southeast Asian doubles despite COVID-19

Vietnam News Investment in start-ups in Southeast Asia soared in the second quarter of this year despite the COVID-19 pandemic, led by e-commerce and fintech companies. Data from Singapore-based start-up information platform DealStreetAsia showed the value of fundraising deals in Southeast Asia rose 91 per cent on the year to US$2.7 billion in the second quarter of this year, while the number of transactions increased by 59 per cent to 184 compared to the same period last year.

Vietnam gov’t to offer extraordinary incentives for high-impact FDI projects

Hanoi Times By fulfiling certain criteria, some foreign investors would receive special treatment, said Minister of Planning and Investment Nguyen Chi Dung. The Vietnamese parliament has authorized Prime Minister Nguyen Xuan Phuc to issue extraordinary incentives for foreign direct investment (FDI) projects with high economic impacts, according to Minister of Planning and Investment Nguyen Chi Dung. “Vietnam is determined to attract large-scale projects, in which multinationals are required to transfer modern technologies to their local peers, or help Vietnam further integrate into global value chains,” Dung said at a conference discussing measures to support Vietnamese enterprises in developing sustainable value chains on July 24.

Actual FDI in Vietnam down 4% to US$10.12 billion in 7 months

Hanoi Times FDI commitments in the January – July period totaled US$18.82 billion, down 6.9% year-on-year. Disbursements of foreign direct investment (FDI) projects in Vietnam totaled US$10.12 billion in the first seven months of this year, representing a decline of 4% year-on-year, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has shown. Meanwhile, FDI commitments in the January – July period totaled US$18.82 billion, down 6.9% year-on-year. Year to July 20, 1,620 new projects have been approved with total registered capital of US$9.46 billion, up 14.4% in capital year-on-year, while 619 existing projects have been injected an additional US$4.7 billion, up 37% in capital. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 30 July 2020

E-wallets seek to grab opportunity as pandemic keeps people shopping online

VnExpress Businesses are pushing cashless payment services amid demand triggered by social distancing measures imposed to curb Covid-19. MoMo announced on Tuesday that it plans to tie up with ride-hailing company Be Group to offer its popular e-wallet services to the latter’s customers. SmartPay earlier this month signed a deal with Viet Capital Bank to allow the lender’s customers to open saving accounts using its e-wallet.

A person books a ride on a smartphone using e-wallet

New Mien Dong Coach Station to open in mid-August

The Saigon Times The New Mien Dong Coach Station project located in HCMC’s District 9 will be finally put into operation on August 15 after repeated delays, according to the Saigon Transportation Mechanical Corporation, which built the station. In the first phase, the operations of 71 coach routes at the existing Mien Dong Coach Station in the city’s Binh Thanh District will be moved to the new station.

Samsung and Hai Duong Province launch enterprise improvement consultancy project

A bird eye’s view of the New Mien Dong Coach Station project, which is scheduled for operation on August 15 this year

Bizhub Samsung Vietnam and the Ministry of Industry and Trade (MoIT) on Tuesday officially kicked off the Enterprise Improvement Consultancy Project in the northern province of Hai Duong. The project was conducted according to the Memorandum of Understanding on consultancy programme for Hai Duong enterprises in support industry between the provincial People's Committee, MoIT and Samsung Vietnam, signed in February.

Parkson Saigontourist Plaza ready for soft opening

The Saigon Times On July 31st, 2020, Parkson Saigontourist Plaza at 35Bis-45 Le Thanh Ton St., Ben Nghe Ward, District 1, Ho Chi Minh City will celebrate the soft opening ceremony on the first floor, marking a return to business with a whole new look after a long period of renovation. With market trends changing every day and higher demands of many different customer segments, Parkson Saigontourist Plaza has improved its retail space with a fresh new look introducing to its customers a new shopping experience equipped with modern facilities and high-standard services. Additionally, understanding that product diversity is indispensable, the new store will feature a lot more content at reasonable prices tailored to the need of all customer groups.

First online platform for exhibitions to be launched in VN

Vietnam News The HAWA Online Platform for Exhibition (HOPE), which will connect Vietnamese wood processing and furniture firms with international and local buyers, will officially launch on August 7 in HCM City. Developed by the Handicraft and Wood Industry Association of HCM City (HAWA), HOPE features vivid images of 360-degree showrooms, factories and workshops, a 3D product catalogue, social apps to enable 24/7 interaction between exhibitors and visitors, digital marketing, life events, and others. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 31 July 2020 Top 5 -Daily Updated Real Estate News Colliers Internationalâ&#x20AC;&#x2122;s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Vietnam pilots extension of night activities to 6am in major cities

Hanoi Times The project for the development of night economy in Vietnam has just been approved by the prime minister. The Vietnamese government has allowed night activities to remain active until 6am in the next day in some Hoan Kiem Lake area attracts masbig cities and tourist areas instead of being closed at midnight in a bid to sive visitors to come on weekends give a boost to the local tourism industry.

Why Malaysian department-store operator Parkson giving up on full-scale stores in Vietnam?

Vietnam Insider Malaysian department-store operator Parkson is to quit operating full-scale stores in Vietnam after years of losses. At one stage the company had 10 stores in the country and was confident of long-term success given it was the first overseas department-store brand to enter the market. Why Malaysian department-store operator Parkson giving up on fullEight Saigon hotels to lodge foreign experts in quarantine scale stores in Vietnam?

VnExpress Ho Chi Minh City authorities have approved the list of eight three to five-star hotels as paid isolation zones for foreign experts entering the city to work. These hotels, or nearly 1,500 rooms, will be solely used to quarantine foreign experts and high-skilled workers granted permission to enter the city to work amid the Covid-19 pandemic, with all having to pay related expenses. The eight chosen hotels include three five-star facilities, namely Le Meridien Saigon, HĂ´tel des Arts Saigon and Norfolk, all located in District 1.

Japan grants reentry to foreign residents, allows Vietnamese to resume visits

Vietnam Insider The Japanese government will allow the reentry of some foreign nationals with residence status, starting on August 5. NHK, a Japanese media reported. Japan currently denies entry of foreigners from 146 countries and regions as part of anti-coronavirus measures. Foreign residents are also barred from reentering Japan once they leave the country, unless there are special circumstances. But the government now says it will grant reentry to foreign people with certain residency statuses, on condition that they comply with requirements such as taking a PCR coronavirus test. Those eligible include international students, technical trainees and company employees stationed in Japan. They have to have temporarily left Japan before the entry restrictions were put in place.

VinaCapital launches ETF to track VN100 Index

VnExpress Royal International Corporation (RIC), which operates the largest casino in Quang Ninh Province, posted a loss of VND54 billion ($2.3 million) in the first half. The second quarter was the third consecutive quarter the HCMC Stock Exchange-listed company had reported a loss. Its accumulated loss by the end of June totaled VND282 billion ($12.2 million). Revenue in the first half fell 38 percent year-on-year to VND49 billion ($2.1 million) as its hotel and casino complex in travel hotspot Ha Long Town was closed most of April due to the coronavirus pandemic. colliers.com/vietnam

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