Monthly Real Estate News | June 2020 by Vietnam Realty

COLLIERS INTERNATIONAL

VIETNAM MONTHLY REAL ESTATE NEWS - June 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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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 June 2020

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

Japan mulls easing entry ban on Vietnam and 3 other countries

Vietnam Insider Japan is considering easing the entry ban on Vietnam, Australia, Thailand, and New Zealand in the first relaxation of travel restrictions that were imposed due to the spread of the new coronavirus, government sources said.

Vietnam’s Voiz FM gets seed funding from 500 Startups

Vietnam Insider Voiz FM, announced earlier today that it successfully raised an undisclosed seed amount from 500 Startups Vietnam. The audiobook and podcast platform has seen a 2x growth in its user base in recent months, following a surge in demand as customers turn to audio media during coronavirus quarantine.

Hà Nội’s F1 may be held in November

Japan mulls easing entry ban on Vietnam and 3 other countries

Vietnam’s Voiz FM gets seed funding from 500 Startups

Vietnam News The Viet Nam Formula One Grand Prix could take place this year – but without any international spectators. Organisers of the race, which should go ahead in April but was cancelled due to the COVID-19 pandemic, are looking at ways it can be held. Plans may be submitted to Ha Noi’s People’s Committee and the International Automobile Federation (FIA) to host the race in November, if a number of safety conditions can be met. Formula One CEO Chase Carey recently discussed plans to host races in Austria, England, Spain, Germany and the Netherlands. The Austrian F1 race has been agreed in principle to happen on July 5, pending government approval. In the UK, the race may also go ahead if teams isolate for 14 days before.

New enterprises registration in Vietnam up 36.1% in May

Vietnam Insider Vietnam saw 10,728 new enterprises in May, up 36.1% compared with the previous month, following the government’s decision to ease social distancing measures implemented to contain the coronavirus. Such businesses registered a total capital of VND112.7 trillion (US$4.8 billion), up 27% from the previous month, and are expected to create 91,500 jobs, according to the General Statistics Office. The month also saw 5,056 enterprises returning to business, up 32.7% month-on-month while those temporarily out of business fell 18.9% to 3,342. However the total number of new companies established in the first five months of 2020 dropped by 10.5% to 48,300 compared with the same period in 2019.

PM targets powerful, prosperous status for southern key economic region by 2035

Vietnam News Prime Minister Nguyen Xuan Phuc on Saturday asked the southern key economic region to strive to become a powerful and prosperous region by 2035, 10 years ahead of the deadline for the same goal for the whole nation. He made the remarks while chairing a meeting in Ba Ria-Vung Tau Province between Government members and officials of the eight localities in this region, which comprises HCM City and Dong Nai, Binh Duong, Binh Phuoc, Ba Ria-Vung Tau, Tay Ninh, Long An, and Tien Giang provinces. The southern key economic region is the largest foreign direct investment magnet of the country, a leading economic driver, and a gateway for Viet Nam’s trade with the world.

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Daily Real Estate News Highlights Vietnam - 02 June 2020

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

Ministry promotes promotion

technology

transfer,

investment

Vietnam News The Vietnam Climate Innovation Centre (VCIC) under the Ministry of Science and Technology (MoST) is implementing programmes to help domestic firms find strategic partners in technology, finance and trade. During a conference in Ha Noi on Monday, Pham Duc Nghiem, deputy director of the MoST’s Department of Business and Market Development, said the support would help local firms better have access to the global value chain.

Vietnam Airlines offers 02 ATR-72s for lease to earn some hard currency Vietnam Insider If you are in the market to lease a pair of ATRs, then the folks at Vietnam Airlines want to hear from you. They are offering two ATR-72s for a six-month wet lease, and they are available from today, June 1. The move comes as flying in Vietnam starts to ramp up again.

Markets soar as bargain hunters snap up bank stocks

A bioplastic production line of An Phát Holdings. The Vietnam Climate Innovation Centre is supporting local firms in technology transfer to enlarge export markets

Vietnam Airlines offers 02 ATR-72s for lease to earn some hard currency

Vietnam News Vietnamese market surged on Monday as investors sought bargains in beaten down banking stocks. The VN-Index at the Ho Chi Minh Stock Exchange rose 1.64 per cent to close at 878.67 points. More than 476.5 million shares were traded on the southern exchange for VNĐ7.4 trillion (US$318 million). Market breadth was positive with gainers outnumbering losers by 286 to 99.

More than VND 570,000 billion of public investment is waiting for disbursement

Tuoi Tre Although 5 months have passed, many units have not yet disbursed any capital, such as the State Capital Management Committee, Vietnam Musicians Association, Vietnam Red Cross Association, Vietnam Cooperative Union. According to the Ministry of Finance, the estimated disbursement of public investment plan in 2020 to the end of May is over 122,240 billion dong, about 26% of the plan. The disbursement situation is still very slow with the amount of capital waiting to be disbursed of more than 577,000 billion VND.

Vietnamese from Australia, New Zealand fly home

Vietnam News A total of 343 Vietnamese citizens boarded a specially arranged flight from Sydney, Australia to return home on June 1, according to Vietnam News Agency. The national flag carrier Vietnam Airlines is operating the flight, repatriating 243 Vietnamese stranded in Australia and another 100 stranded in New Zealand. A total of 1,800 Vietnamese in these two countries have registered with Vietnamese diplomatic missions to fly home as borders remain close due to COVID-19 pandemic, but priority is given to those above 60 years old, students under 18 years old, those with underlying health conditions such as heart diseases or cancer, and stranded tourists.

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Daily Real Estate News Highlights Vietnam - 03 June 2020

Deputy PM urges allocation of funding for pre-feasibility study of high-speed railway

Bizhub Deputy Prime Minister Trinh Dinh Dung has urged relevant ministries to allocate sufficient investment capital for the appraisal of the pre-feasibility study report of the North - South high-speed railway project. In the document sent by the Government Office on Monday, Dung assigned the Ministry of Transport to urgently coordinate with the Ministry of Planning and Investment and the Ministry of Finance to provide funding for the assessment of the study as prescribed.

A view of a high-speed railway in Europe

Construction plan of Long Thanh airport to be submitted to prime minister this month

Vietnam Investment Review In June, the State Appraisal Council will submit the construction plan Construction plan of Long Thanh of phase 1 of Long Thanh International Airport to the prime minister International Airport to submit prime minister in this month for approval, three months after the deadline. Although coming three months later than the required by the government, the authorities are still determined to kick off the construction of Long Thanh International Airport in the first quarter of 2021.

Vietnam to have second mobile virtual network operator

The Voice Of Vietnam The Authority of Telecommunications under the Ministry of Information and Communications (MIC) revealed on June 2 that a second mobile virtual network operator (MVNO) will soon debut in Vietnam. The seventh telecom provider in the country, the new network will be launched with a new prefix number and use the mobile phone infrastructure of the State-owned Vietnam Posts and Telecommunications Group (VNPT), which boasts among the best coverage and quality in the country.

Việt Nam’s manufacturing sector recovers in May

Vietnam News The Vietnamese manufacturing sector has seen some recovery with the Manufacturing Purchasing Managers' Index (PMI) increasing ten index points in May to 42.7 as the virus was brought under control in Viet Nam. A survey of Nikkei and IHS Markit released on Monday showed the index was up from the record low of 32.7 in April. “The success Viet Nam has had in bringing the COVID-19 outbreak in the country under control means that the economy can begin along the road to recovery.

Vietnam Report names most reputable developers

Vitenam Investment Review Vietnam Report has ranked the top property developers in the market in terms of reputation, based on financial capacity released in the latest financial reports. Other criteria in naming the groups involved media products from each company, and survey results from experts in the real estate market, as well as residents who are actually living in the projects of the candidates.

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 - 04 June 2020

PPP draft details key sector focus

Vietnam Investment Review Investors will be allowed to pour money into five groups of projects under the form of public-private partnerships in Vietnam as per a related law that offers an international-standard dispute resolution mechanism.

Thailand increases investment in Vietnam

Vietnam Economic News In the first four months of this year, despite the Covid-19 pandemic, Vietnam attracted an additional US$12.33 billion in foreign investment capital, a 14.5 percent drop from the same period of 2019 but higher than that of the same periods in 2018 and 2017. Singapore was the biggest foreign investor with committed volume accounting for 41.1 percent, or US$5.07 billion, followed by Thailand and Japan with total registered capital of US$1.46 billion and US$1.16 billion, respectively.

BigC supermarket chain closes Saigon store over rental disagreement

PPP draft details key sector focus

Thailand increases investment in Vietnam

VnExplorer Big C Mien Dong, a long-standing supermarket in Ho Chi Minh City now run by Thailand’s Central Group, will be closed this month over retail space rent issues. On Tuesday morning, a notification was posted at the entrance of Big C Mien Dong on To Hien Thanh Street in District 10, informing customers that the outlet would shut down in the next 20 days due to disagreement over space rent with the landlord. The outlet was in normal operation on Tuesday as observed by Tuoi Tre (Youth) newspaper’s reporters.

Finance industry crowds Forbes' Vietnam list of top 50 listed firms

Vietnam Insider Banking, securities and insurance firms dominate Forbes Vietnam’s 2020 list of top 50 listed firms with 10 representatives. Of the 10, six are commercial banks: MBBank, ACB, Techcombank, Vietcombank, VPBank and HD Bank. Two securities companies in the list are Viet Capital Securities and Saigon Securities Incorporation. The remaining two are Bao Viet Group and Petro Vietnam Insurance, according to Forbes Vietnam's newly- released report. Other industry groups with a top 50 presence are real estate, construction and raw materials and multi-sector trading, with five companies named in each category, followed by pharmacy, household and consumer goods, and agriculture.

US values Vietnam partnership for supply chain links

VnExpress The U.S. regards Vietnam a priority partner in upcoming Mekong Subregion projects, including development of strategic products within its supply chain, officials say. Aa press release from the Vietnamese Embassy in the U.S. quotes Adam Boehler, CEO of the U.S. International Development Finance Corporation (DFC), as saying they were interested in supporting development projects in the Mekong Subregion. The interest was expressed during a Tuesday meeting with the Vietnamese Ambassador in the U.S. Ha Kim Ngoc in Washington D.C.

colliers.com/vietnam

Daily Real Estate News Highlights

Vietnam - 05 June 2020

Developers can ride funding waves

Vietnam Investment Review Competitive prices, along with advantages in climate and natural resources, are helping Vietnamese second home and holiday properties become one of the hottest investment channels in the country. The Vietnamese tourism industry is attempting to push ahead with operations as demand A raft of major developers are from domestic tourists begins to increase exponentially. resuming wide-ranging activities as

Quy Nhơn Port opens transport service route to Northeast Asia

Vietnam News The port of Quy Nhon launched a direct transport service to Northeast Asia on Wednesday. Ho Lien Nam, head of the port’s sales department told Vietnam News Agency that to expand production and business, the port has opened many new transport service routes, including a route from Quy Nhon port to Northeast Asia, connecting central Viet Nam with South Korea, Japan and China.

the country gets back up to speed

The port of Quy Nhon launches a direct transport service to Northeast Asia

How to capitalise on EVFTA opportunities amid COVID-19

The Voice Of Vitenam With the European Union-Vietnam Free Trade Agreement (EVFTA) poised to come into force, many believe that it will present more diversified market opportunities for local businesses, therefore helping them to regain growth momentum following the novel coronavirus (COVID-19) pandemic. A report conducted by the Ministry of Industry and Trade (MoIT) directly responds to questions raised by the National Assembly regarding the COVID-19 epidemic strongly affecting both production and the import-export situation regionally and globally.

Foreign ownership ratio in Binh Son Refinery slips

Vietnam Investment Review From 4.74 per cent two years ago, the foreign ownership ratio in Binh Son Refining and Petrochemical Co., Ltd. (BSR) – the operator of Dung Quat Oil Refinery – has slipped to 0.07 per cent. According to the latest update, the COVID-19 pandemic had a marked impact on the shares of Binh Son Refinery. In January 2018, BSR reported a successful initial public offering (IPO) with a complete take-up of the offered 242 million shares, equalling 7.79 per cent of its charter capital and the record selling price of VND14.8 million ($643.48).

State Bank to simplify lending procedures

Vietnam Insider The State Bank of Viet Nam will consider simplifying lending procedures to help COVID-19-affected firms easily access preferential interest rate loans, SBV Deputy Governor Đào Minh Tú said. Speaking at a seminar last week, Lý Kim Chi, chairwoman of the HCM City Food and Foodstuffs Association, said enterprises need better access to new loans, payment term extensi and lower interest rates. To access the preferential loans, enterprises must prove losses, and have revenue and profits reduced, but the number of food industry enterprises accessing the loans can be “counted on the fingers of one hand”, Chi said, explaining that the procedures were too complicated. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 08 June 2020

Hanoi names 22 commercial housing projects, where you can own homes as a foreigner

Vietnam Insider They include four projects in Ha Dong District, like the Van Phu Invest’s Terra An Hung project, Military Petrochemical Joint Stock Company’s housing project in Kien Hung Ward and Capitaland – Hoang Thanh apartment, commercial and service complex. Long Biên District has three projects, including a high-end apartment building in the Sai Dong New Urban Area and the Plaschem apartment, commercial and office complex.

Hanoi names 22 commercial housing projects, where you can own homes as a foreigner

Vietnamese COVID-19 test kit eligible to be sold in Europe

Vietnam News A new COVID-19 test kit developed by researchers of Ha Noi University of Science and Technology has been granted a certification that allows the biological product to be sold in the European market. According to the university, the test kit is one of the very first in the world that uses RT-LAMP to detect SARS-CoV-2 that causes COVID-19. Led by Dr Lê Quang Hoà, a lecturer of the university’s School of Biotechnology and Food Technology, and Dr Nguyen Le Thu Ha from Innogenex International Science and Technology Ltd Company, the research team found the reverse transcription loop-mediated isothermal amplification (RT-LAMP) technique could be used to detect the novel coronavirus.

Vietnamese COVID-19 test kit eligible to be sold in Europe

HCM City attracts 1.6 billion USD in FDI in first five months

Vietnam Investment Review Ho Chi Minh City attracted a combined 1.6 billion USD in foreign direct investment (FDI) in the first five months of 2020, or 57.67 percent compared to the same period last year. The information was revealed during a conference on the city’s socio-economic development held on June 4. Of the 47 countries and territories investing in the southern hub, Japan was the top with 44 projects worth 80.5 million USD, holding a lion’s share of 32.4 percent in terms of additional capital.

HCMC seeks to repeat removal of ward, district legislatures

VnExpress HCMC wants its ward and district level legislative agencies, the People’s Councils, removed for the second time as an administrative streamlining measure. The People’s Committee, the highest executive body in the city, will submit this scheme to its parliamentary delegation, aka the municipal People’s Council, and the Standing Committee of the city’s Party Committee within this month.

Makers should remake, Vietnam says in recycling law amendment

VnExpress The environment ministry says manufacturers should share pollution costs with the government and citizens by recycling products at the end of their lifecycle. It is proposing an Environmental Protection Law amendment to this effect. In the draft amendment to the law that will be submitted to the National Assembly for approval this month, the Ministry of Natural Resources and Environment offers manufacturers two options: they can either pay a fee to the Environmental Protection Fund or do the recycling themselves or hire a unit for the purpose. 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 June 2020

Digital economy hoped to make up 20% of Việt Nam's GDP by 2025

Vietnam News Prime Minister Nguyen Xuan Phuc has given the green light to a new digital programme to increase economic growth over the next five years. The plan is to develop a digital government, economy, and society and A customer services centre which create digital technology businesses capable of extending their reach to provides information and the world. guidelines for customers to use

Da Nang, JICA to survey Lien Chieu Port development

online services of the electricity sector

Housing projects will be proposed to sell land parcels, says ministry

Da Nang

The Voice Of Vietnam Experts from the Japan International Cooperation Agency (JICA) will begin a survey for the pre-feasibility report of the Lien Chieu Port construction project between July and November. Director of the city’s Planning and Investment Department Tran Phuoc Son confirmed to Vietnam News that the survey project will use 50 million Japan yen, or VND11 billion (US$468,000), from the non-refundable official development assistance An oil tanker docks at Da Nang Bay (ODA) of the Japanese Government. near Hai Van Mountains in

Vietnam News

Housing projects not located in any urban districts, except Ha Noi and HCM City, are permitted to sell land lots. This is the regulation proposed at the end of May by the Ministry of Natural Resources and Environment in the latest version of the draft amending and supplementing Decree 43 on specific regulations for a number of articles in the Land Law, including conditions for transferring land use rights at housing projects. According to the April version of the amended draft, the housing projects nationwide are not allowed to sell land lots. Property in Australia emerging as prime investment opportunity for Vietnamese Vietnam Investment Review The cheap Australian dollar over the last months and the increasing demand for leasing houses have made Australia a promising destination for Vietnamese investors. At a commercial bank on Monday morning, a VIR reporter met Dinh Hien Van, a female white-collar worker working at a university in Hanoi. She was trying to buy some AUD to pay tuition fee for her son in Australia, as well as invest in some properties in the country. “This is a good chance for us to invest in overseas properties because foreign currency is quite affordable at present,” said Van.

Thua Thien-Hue aims to lure 20 domestic, foreign-invested projects

Vietnam Investment Review The central province of Thua Thien Hue has set a target of luring 20 domestic and foreign-invested projects with a total investment capital of about 10 trillion VND (429.2 million USD) by the end of this year. Top priority will be given to Industry 4.0 areas including IT, hi-tech farming, new material production and biological technology, following the province’s investment promotion plan in 2020 issued on May 7 by the provincial People’s Committee. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 10 June 2020

Quang Ninh - ideal destination for foreign investors

The Voice Of Vietnam The northeastern province of Quang Ninh has emerged as an ideal destination for investors who want to diversify production activities and expand their supply chains outside China. "For investors operating in Guangdong (China), Quang Ninh is a destination worth considering in the plan to relocate production bases to Vietnam," said Pritesh Samuel, an expert from Dezan Shira & Associates Company.

Quang Ninh - ideal destination for foreign investors

HCMC wants to speed up lagging ring road scheme

VnExpress HCMC authorities have petitioned the Ministry of Transport to hasten construction of the city's third and fourth ring roads to improve Mekong Delta connectivity. Ring Road 3 and Ring Road 4 were approved nearly 10 years ago, but so far only 18 percent of the former has been built while construction has yet to begin on the latter.

Hà Tĩnh approves $695 million wind power plant

Vehicles stuck in traffic on a road near Mien Dong Bus Station in Ho Chi Minh City

Vietnam News The People's Committee of the central province of Hà Tĩnh has approved a wind power project with a total investment of VNĐ16.2 trillion (US$695.3 million). The project is studied, invested and built by the Mk Central Solar Power JSC in Kỳ Anh District. The project consists of four plants, each of which has a capacity of 100.8MW. The generation capacity of the whole project is 1,139 GWh per year. Operation time is expected to be between June 2022 and December 2023. The plant is built based on advantages, policies and natural potential of the province when using renewable and eco-friendly energy sources.

Property firms return to market after Covid-19

Bizhub After a brief hiatus, property companies have been resuming sales of developments and revealing their post-COVID-19 business plans since the beginning of May. Ministry of Construction data shows that some 80 per cent of developers stopped sales or even temporarily halted operations during the first quarter while the rest had modest operations going. Transactions slumped to 40 per cent of the level seen in the same period of 2019. Only 14 per cent of products entering the market during the quarter were sold, the lowest level in four years.

French video games giant sets up operations in Da Nang

VnExpress Ubisoft, one of the world’s largest video games publishers, has opened a studio in the central city of Da Nang. The company said the Da Nang studio would focus on "creating original mobile games and instant games for social media platforms." There are 40 employees now, and the plan is to hire more in the next few years to reach 100. "The location is perfect, right between Hanoi and Ho Chi Minh City, so there is this a big talent pool to draw from," Aurelien Palasse, Ubisoft Da Nang manager, said. "Da Nang also offers a great alternative to much larger cities, with an ideal balance between quality of life and work." According to a February survey, Vietnam ranked 40th out of 100 countries in terms of mobile video gaming experience, and only behind Singapore in Southeast Asia. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 11 June 2020

Foreign arrivals could reach 6-8 million in 2020 if int’l tourism resumes in Q3

The Voice Of Vietnam Vietnam could welcome 6 to 8 million foreign visitors this year if COVID-19 remains under control and international tourism could be resumed in the third quarter of this year, a webinar in Hanoi on June 10 heard. The figure At My Son Sanctuary in Quang Nam would be 4.5 to 5 million if foreign visitors are allowed to enter in the fourth quarter.

Billionaire Johnathan Hạnh Nguyễn wants to invest in Bắc Vân Phong

Vietnam News Diversified conglomerate Imex Pan Pacific Group (IPP) of dollar billionaire Johnathan Hanh Nguyen wants to invest in Bac Van Phong, pledging A corner of Van Ninh District. to attract US$40 billion investment to turn the region into a modern Diversified conglomerate Imex Pan economic zone. Speaking at a working session on Tuesday with the Pacific Group wanted to invest in People’s Committee of Khánh Hòa Province, Nguyen said that IPP had Bac Van Phong, Van Ninh District to turn the region into a modern studied the region for two years and wished to invest in Bac Van Phong economic zone which was located in Van Ninh District to develop it into a modern and original economic zone.

EVFTA could turn Vietnam into new destination for manufacturers: Nikkei

The Voice Of Vietnam Business publication Nikkei Asian Review of Japan has recently released an article, affirming the Vietnam National Assembly’s ratification of the European Union-Vietnam Free Trade Agreement (EVFTA) is expected to transform Vietnam into a fresh investment destination for manufacturers looking for alternatives to China.

Co-operative forum to be held in Q3

Vietnam News Deputy Prime Minister Trinh Dinh Dung approved the Ministry of Planning and Investment’s plan of organising the cooperative forum in the third quarter of this year. The forum aimed to create a platform for cooperatives to speak about problems and difficulties, to share experiences and to propose policies to the Government. With the theme “Cooperation for development”, the forum would discuss measures to develop the collective economy through promoting links among cooperatives and with other business models in the context of Industry 4.0.

Ho Chi Minh City continues to finish the progress of An Phu intersection project, District 2

Tuoi Tre The People's Committee of Ho Chi Minh City has just sent a proposal to the Ministry of Transport regarding the investment in expanding the Ho Chi Minh City - Long Thanh - Dau Giay highway in the city. Ho Chi Minh City People's Committee assessed that the study on investment and expansion of Ho Chi Minh City - Long Thanh - Dau Giay highway is very necessary to meet traffic demand, connecting Ho Chi Minh City, assisting the first plan of constructing Long Thanh International Airport.

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Daily Real Estate News Highlights Vietnam - 12 June 2020

PM gives green light to new industrial park in Binh Phuoc

The Voice Of Vietnam Prime Minister Nguyen Xuan Phuc has issued a decision on the construction and operation of the Ledana Industrial Park in the southern province of Binh Phuoc. The project spans 424.54 ha in Loc Ninh district’s Loc Thanh commune.

East Ho Chi Minh City entices new investors

Vietnam Investment Review The recent green light for Ho Chi Minh City People’s Committee to set up an innovative hub in the east would make the so-called Vietnam Silicon Valley come to life and attract further investment into the city’s real estate market. The proposed innovative city is expected to combine research and development centres, human resources training, and application of science and technology.

Hai Phong strives to attract FDI of US$1.5 billion in 2020

PM gives green light to new industrial park in Binh Phuoc

The government wants Vietnam, in particular Ho Chi Minh City, to transform towards innovative hub status

VNexploer Hai Phong City is estimated to attract US$500 million worth of foreign direct investment (FDI) within the first six months of this year and has made efforts to attract US$1.5 billion in FDI in the entirety of 2020. Head of the Management Board of Hai Phong EconomicZone Pham Van Moi said that to achieve the set target, Hai Phong has focused on promoting land clearance, building plans for human resources training and establishing more industrial zones.

Masan Resources completes acquisition of German firm’s tungsten business

Vietnam News The Masan Tungsten Company Ltd., a wholly-owned subsidiary of the Masan Resources Corporation (MSR), has completed the legal steps to acquire the tungsten business of Germany’s H.C. Starck Group GmbH, according to the corporation. The transaction is a strategic step in executing MSR’s vision of becoming a leading global vertically-integrated high-tech industrial materials platform. This will enable the company to generate strong and consistent cash flows across price cycles and expand its addressable market by 3.5 times, from 1.3 billion USD to 4.6 billion USD.

Honda Vietnam’s motorcycle, auto sales shoot up in May

VNexploer Motorcycle and automobile sales by Honda Vietnam rocketed up 193 percent and 222 percent month-onmonth, respectively, in May, following a nosedive of 72 percent in April due to COVID-19. Motorcycle and automobile sales by Honda Vietnam rocketed up 193 percent and 222 percent month-on-month, respectively, in May, following a nosedive of 72 percent in April due to COVID-19. The company reported on June 10 that it sold 180,633 motorbikes in May, up 193 percent against April but down 12 percent year-on-year. The best-selling model was the Wave Alpha, with 42,282 units sold, accounting for 23 percent of Honda Vietnam’s total motorcycle sales. The Vision was the most popular scooter, with 44,787 units sold, or 25 percent.

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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 June 2020

Government to develop policies to promote key economic regions

Vietnam News Prime Minister Nguyen Xuan Phuc has asked relevant ministries and localities to create policies for the development of key economic regions to drive post-pandemic economic growth. The Ministry of Planning A view of Da Nang City, part of the and Investment would draft a Government resolution about tasks and Central Key Economic Region. A solutions to accelerate the development of key economic regions, based Government resolution would be on collecting proposals from relevant ministries and localities, and report built to accelerate the development of key economic regions. to the Government in the meeting in June.

Transparency key for overseas investment

Vietnam Investment Review More transparent and compatible factors from the Vietnamese government and investors are key requirements to attract further funding from the international arena into the country’s real estate market. According to Nguyen Thi Thanh Huong, CEO of Dai Phuc Land, foreign investors are highly appreciated in the Vietnamese real estate market, especially if they have a long-term vision. However, the compatibility between groups inside and outside the country must be improved.

Legal frameworks must be improved so the right investment appears

State to encourage construction of cheap apartments

Vietnam Investment Review The State will employ policies to encourage the development of cheap commercial houses to remove difficulties for the real estate market and enterprises due to the COVID-19 pandemic. The Ministry of Construction made the announcement at a seminar on solutions on restoring the domestic real estate market in the post-COVID-19 period. This event was held by the Vietnam Real Estate Association and Xay Dung (Construction) newspaper in Hanoi on June 12.

Vietnam enjoys US$1 billion in trade surplus in May

The Voice Of vietnam Vietnam produced trade surplus worth roughly US$1 billion in May, thus raising the country’s five-month surplus to over US$3.5 billion, the General Department of Customs reported. The department’s preliminary data showed Vietnam earned US$19.19 billion from exports in May alone, up 9.1% compared to May 2019, and imported US$18.18 billion worth of commodities, down 0.9%.

South Korean cinema chain CJ CGV to sell off stake in Vietnamese subsidiary: Korean media

Tuoi Tre News The South Korean conglomerate CJ Group’s cinema chain CJ CGV will sell off stake in its real estate investment arm in Vietnam to improve its finance structure, which has weakened in the wake of the novel coronavirus disease (COVID-19) pandemic, the English-language Business Korea newspaper reported. According to Business Korea, CJ CGV announced on Monday that it will dispose of its 25 percent stake in the local real estate investment company CJ Vietnam Co. for 32.4 billion won (US$27.1 million), equivalent to 5.4 percent of its equity capital.

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Daily Real Estate News Highlights Vietnam - 16 June 2020

Samsung to open first five-star resort in Vietnam

The Saigon Times Shilla Monogram Quangnam Danang, the first resort of The Shilla Hotels & Resorts, a member of the Samsung Group, will begin operations in Vietnam on June 26 on the road linking Danang City and Hoi An City. A representative at the five-star resort stressed that opening the resort during this time is an opportunity for Shilla Monogram Quangnam Danang because tourists currently prefer traveling in small groups and choosing peaceful destinations.

A view of the Shilla Monogram Quangnam Danang Resort in Quang Nam Province

M&A in Vietnam real estate market led by Japanese investors

Vietnam Insider Despite significant deals from Japanese investors during the first five months of the year, the development of mergers and acquisitions in real estate remains uncertain in the second half of the year due to the long-term M&A in Vietnam real estate market led by Japanese investors impact of the coronavirus pandemic. In January, Mitsubishi Corporation and Nomura Real Estate Co., Ltd. acquired the majority shares (80 per cent) of the Grand Park Project by Vinhomes, including over 10,000 units of condominiums in Ho Chi Minh City.

Foreign Investors Return to Vietnam Stocks on Lockdown Success Vietnam Insider Global fund managers are starting to return to Vietnam’s stocks as the Southeast Asian nation emerges relatively little scathed from the coronavirus pandemic. Firms including Ashmore Group Plc and Coeli Asset Management SA have increased holdings in the $174 billion market since March, while foreign investors have been net buyers so far this month — a first since January — amid a stable currency. Vinamilk to set up coffee chain VnExpress Dairy giant Vinamilk, which set up a Hi-Café outlet in Ho Chi Minh City last year, plans to expand it into a chain. The company’s board recently sought shareholders’ permission to add nine new businesses to its portfolio, including beverage and food sales. It plans to open more Hi-Café outlets starting this year. Hi-Café will come up against local brands Highlands Coffee, The Coffee House, Phuc Long, and Trung Nguyen, and foreign brand Starbucks, which together have hundreds of stores across the country.

UPCoM-traded firms seek ways for bourse switch

Vietnam News Unlisted public companies are planning to move to the Ho Chi Minh and Ha Noi stock exchanges to increase share liquidity and capital. Deo Ca Traffic Infrastructure Investment JSC (UPCoM: HHV) will propose shareholders approve a plan to cancel trading on the Unlisted Public Company Market (UPCoM) to list on the Ho Chi Minh Stock Exchange (HoSE) in June 2021. The company is trading more than 227 million shares on UPCoM.

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Daily Real Estate News Highlights Vietnam - 17 June 2020

KKR-led consortium invests $650 million in Vietnam property firm Vinhomes

Vietnam Insider A consortium led by KKR that includes Temasek completed the acquisition of 6% stake in Vinhomes, a real estate arm of Vietnam’s largest private conglomerate Vingroup, KKR said in a statement. Following the transaction, Vingroup, the leading integrated real estate developer in Vietnam will continue to be the controlling shareholder of Vinhomes.

Investment intention approved for three golf courses

Vietnam Investment Review Deputy Prime Minister Trinh Dinh Dung has signed decisions approving the investment intention for three golf courses, two in northern Bac Giang province and one in northern Hoa Binh province. Specifically, the Trang An Golf company will invest in the 36-hole Viet Yen Golf Course which covers 140ha of land in Huong Mai and Trung Son communes, Bac Giang’s Viet Yen district.

KKR-led consortium invests $650 million in Vietnam property firm Vinhomes

Investment intention approved for three golf courses

Cửu Long Delta business environment improves significantly: VCCI

Vietnam News Localities in the Cuu Long (Mekong) Delta have made significant improvements to their economic governance and business environment over the years with their unceasing efforts, the Viet Nam Chamber of Commerce and Industry said. Its vice president, Võ Tân Thành, told a seminar in Vĩnh Long Province on Monday that many localities in the region have been among the leaders in the country in economic governance. The delta has thus been leading the Provincial Competitiveness Index (PCI) from among the country’s six economic regions for many years now, and many of its sub-indicators, he added.

Vietjet Air to set up e-payment firm

Vietnam Insider The Board of directors of Vietjet Air has approved plan to set up an e-wallet service in which it holds 51 percent stake, statement said. The new Vietjet subsidiary is scheduled to have a charter capital of VND50 billion ($2.17 million). Owners of the remaining 49 percent stake have not been disclosed. The carrier’s leaders assigned Ho Ngoc Yen Phuong, deputy general director and CFO of the company, to manage the incorporation of the company.

Saigon Railway offers 4,600 tickets at 50% discount

The Saigon Times Saigon Railway Transport JSC (SRT) has rolled out a huge rail travel stimulus package with up to 4,600 train tickets discounted by 50%, after its operations had been suspended for months to contain the spread of Covid-19. An SRT representative said that the promotional tickets will be up for sale from 8 a.m. on June 19 to July 5 on the websites www.dsvn.vn, vetau.com.vn and giare.vetau.vn; at stations and at authorized outlets. The special deals will apply to passengers who book soft seats or air-conditioned six-bed compartments and buy tickets three days ahead of departure with specific coach and seat numbers.

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Daily Real Estate News Highlights Vietnam - 18 June 2020

Consortium buys 6% stake in Vinhomes for US$650 million

Bizhub A consortium led by the US global investment firm KKR has acquired a 6 per cent stake in the residential property developer Vinhomes JSC for VND15.1 trillion (US$650 million). After the deal, conglomerate Vingroup JSC will remain the controlling shareholder of Vinhomes. Transactions The Vinhomes Ocean Park in Ha were carried out via the put-through system at the Ho Chi Minh Stock Noi. Residential real estate firm VinExchange (HoSE) on June 15. homes JSC (HoSE: VHM) has sold

The Waterpoint a focal point in satellite township

Vietnam Investment Review To serve the strategy of reducing the density population in the heart of Ho Chi Minh City and forming a key urban development area in the south, a number of investors have been developing satellite towns in suburban provinces in the past few years. Waterpoint, invested in by Nam Long Group, is a typical model for this type of property.

Government okays three more golf courses in northern Vietnam

a 6 per cent stake to the KKR-led consortium for US$650 million.

The Waterpoint consists of a perfect blend of education, entertainment, and nature

VnExpress Three golf course projects worth VND3 trillion ($129 million) in the northern provinces of Bac Giang and Hoa Binh have been approved. Under an investment plan approved by Deputy Prime Minister Trinh Dinh Dung, a 36-hole golf course will be laid in Bac Giang’s Viet Yen District, covering an area of 14 hectares. It will be built by the Truong An Golf Investment JSC at an estimated cost of over VND1.2 trillion ($51.6 million).

Prime minister approves investment plan of My Thuan-Can Tho Expressway

Vietnam Investment Review After the investment plan for the first phase of My Thuan-Can Tho Expressway has been approved by the prime minister, the construction of this important part of the north-south traffic network is expected to kick off in this year. The prime minister has accepted the investment planning of the first phase of My Thuan-Can Tho Expressway. He assigned the Ministry of Transport to be in charge of relevant statistics and the pre-feasibility report. Besides this, the province has to collect opinions from ministries and other relevant authorities.

Technology key to success for HCM City's smart transport system

Vietnam News After two years of applying technology to traffic management, HCM City’s goal to develop a smart transport system, one of the key components of its smart city project, has achieved success. Solutions have been applied for various traffic problems in the city. For example, to address safe traffic flow across the Sài Gòn River Tunnel, experts have proposed extending the timing of traffic signals at nearby intersections and providing traffic police officers to help regulate vehicle flow.

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Daily Real Estate News Highlights Vietnam - 19 June 2020

ADB: Vietnam’s 2020 growth to be highest in Southeast Asia

The Voice of Vietnam The Asian Development Bank (ADB) recently forecast that Vietnam’s economic growth this year would be 4.1%, 0.7% points lower than its April estimate but still the highest expected in Southeast Asia. It made the forecast in a regular update to its annual flagship economic publication, the Asian Development Outlook (ADO) 2020, which was released in April.

M&A deal top priority to join industrial real estate sector: Gelex CEO

Vietnam News The top priority for the Vietnam Electrical Equipment JSC (Gelex) this year is to acquire the controlling stake in the industrial group Viglacera, chairman and CEO Nguyen Van Tuan said on Thursday. Gelex now has a 5.54 per cent direct stake in the ceramic producer and real estate firm Viglacera. It has another 19.43 per cent stake in the latter through the member company Gelex Electric.

Vietnam speeds up key projects to help its economy emerge from the pandemic

A view of Ho Chi Minh City, an economic hub in the south of Vietnam

The headquarters of the Vietnam Electrical Equipment JSC (Gelex) in Ha Noi's Hai Ba Trung District. The company forecasts earnings will be lower this year.

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 $9.3 billion tourist resort led by Vingroup, Vietnam’s largest private conglomerate, during the past week. Foreign backers also will participate in the development, regarded as one of the largest investments in the country in recent years.

Sabeco signs up KPMG for digital transformation

Bizhub Saigon Beer-Alcohol-Beverage Corporation (Sabeco) has signed a contract with project management and consultancy firm KPMG to effect digital transformation through a project dubbed Sabeco 4.0. Bennett Neo, its general director, said: “Sabeco 4.0 is a strategic initiative to transform our business using digital technologies. It is about transforming business processes and organisation structures, harnessing data, improving information flow to make better decisions and governance structures, and automating the business with digital technologies where possible.”

Working group founded to promote foreign investment

The Saigon Times A working group in charge of promoting foreign investment has just been founded under the Prime Minister’s decision. The working group was founded in the context that Viet Nam was expected to arise as a destination for investment in the global production shift away from China spurred by the trade war and the COVID-19 pandemic.

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INDUSTRIAL & RESIDENCE DEVELOPMENT LAND Phuoc Binh Commune, Long Thanh District, Dong Nai

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 June 2020

Lotte Group and Van Phu - Invest enter co-operative partnership

Vietnam Investment Review Lotte Land, the real estate arm belonging to South Korean giant Lotte Group, signed a co-operation agreement on June 8 with its local partner Van Phu – Invest to develop projects across Vietnam.

PM, officials attend ceremony to commence construction of Vietnam’s largest theme park

Tuoi Tre News Prime Minister Nguyen Xuan Phuc and local and central officials attended a ceremony, pressing symbolic buttons to start the construction of Vietnam’s largest theme park in Hai Phong on Sunday. The theme park, VinWonders Vu Yen, is developed by Vietnamese conglomerate Vingroup at a cost of US$1 billion, featuring world-class entertainment and recreation in the port city of Hai Phong.

Developing industrial infrastructure critical to catching FDI flow

The Terra – An Hung project based in Hanoi, developed by Van Phu – Invest

Prime Minister Nguyen Xuan Phuc and Vietnamese officials press symbolic buttons to start the construction of Vietnam’s largest theme park in Hai Phong, June 21, 2020.

Bizhub Viet Nam needed to focus on developing the infrastructure system of industrial zones (IZs) to draw clean and quality foreign direct investment (FDI) in the context of the global production shift, heard a conference on Friday in Ha Noi. Speaking at the second Industrial Real Estate Forum, Tran Thi Hong Minh, Director of the Central Institute for Economic Management (CIEM), said Viet Nam had significant opportunities to attract quality FDI, given the Government’s success in containing the COVID-19 pandemic and efforts to recover economic growth post-pandemic.

Qualcomm opens its new factory in Vietnam

Vietnam Insider The strained relationship between the US and China has led some of the major tech giants like Qualcomm to look for new contingency plans. The deployment of 5G technology worldwide has made chip makers intensify production further to ensure that smartphone manufacturers will have enough hardware to meet the continually growing demand. Focusing on being able to cope with this constant demand. Qualcomm has announced that it is opening a factory in Vietnam to maintain the production of the Snapdragon processors.”

Vietnam enjoys trade surplus of US$170 million in first half of June

The Voice Of Vietnam The nation posted a trade surplus of US$170 million during the first half of June, bringing the figure recorded from the beginning of the year to mid-June to US$ 3.75 billion, according to the latest initial statistics released by the General Department of Customs. Meanwhile, the first half of June saw the country's total import and export value reach US$20.57 billion, up 3.3% over the second half of one month earlier. During the reviewed period, export turnover hit US$ 10.37 billion, down 5.3% or US$578 million compared to the last 15 days of May. Export value during the first half of June endured a drop in a number of items such as phones and components, rice, machinery, equipment, tools, spare parts, computers, electronic products and their components, while import value hit US$10.2 billion, up 13.7% (equivalent to an increase of US$ 1.23 billion) over the second half of May. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 23 June 2020

The EU-Vietnam free trade agreement to take effect 1 August

Vietnam Insider The free trade agreement between the European Union and Vietnam, known as EVFTA, will come into force on 1 August, according to a Vietnamese government statement on 18 June. The deal is expected to open the way for more Vietnamese seafood products to flow into the E.U.

43mn USD solar power plant inaugurated in Ninh Thuan

Vietnam Investment Review The 45-MW Phuoc Ninh solar power plant was officially inaugurated in Thuan Nam district in south-central Ninh Thuan province on June 22. Covering an area of 65.2ha, it was invested by the Ninh Thuan Energy Industry, a subsidiary of the T&T Group, at a cost of more than 1 trillion VND (43 million USD). Construction began in March and was completed 15 days ahead of schedule despite the impact of COVID-19, Chairman of the Board of Directors of Ninh Thuan Energy Industry Pham Cong Doan said.

The EU-Vietnam free trade agreement to take effect 1 August

The 45-MW Phuoc Ninh solar power plant in Ninh Thuan province

Vingroup breaks ground on US$1 billion theme park The Saigon Times Vietnam's private conglomerate Vingroup has begun construction on the VinWonders theme park on Vu Yen island off the northern city of Haiphong at an investment of US$1 billion. A groundbreaking ceremony for the project was held on June 21 and attended by Prime Minister Nguyen Xuan Phuc. As part of an entertainment, housing and eco-park project, VinWonders Vu Yen will cover an area of 50 hectares with six indoor and outdoor entertainment zones. The children's area will have science, sports, virtual reality and thrilling games, while an outdoor water park will be designed to complement the three rivers surrounding the island. Qualcomm opens its new factory in Vietnam Bizhub The Masan Group board of directors has approved the appointment of Danny Le as CEO for 2020 - 2025. Le, who has a bachelor’s degree from the US’s Bowdoin College, worked for Morgan Stanley in New York advising financial institutions from 2006 to 2010, working with multinational clients to execute M&A, capital markets and privatisation transactions. He joined Masan in 2010 and is currently head of strategy and development.

Con Dao to lease over 888 hectares of land for ecotourism development

The Saigon Times Con Dao National Park in Ba Ria-Vung Tau Province will lease 888.23 hectares of forest land by 2030 to develop ecotourism projects, with the rent not lower than 1% of the annual revenue earned by the lessee, in line with the provincial government’s Decision 1668 approving a scheme to manage the national park in a sustainable manner until 2030. The area offered for the lease, which accounts for some 15% of the park’s total area preserved for ecotourism development, includes some 720 hectares from the park’s service administrative zone, while the rest is from the ecosystem restoration zone. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 24 June 2020

Lang Son proposes new construction plan for $330 million Huu Nghi-Chi Lang Expressway Vietnam Investment Review Lang Son People’s Committee has submitted the construction plan of Huu Nghi-Chi Lang Expressway, the second component of Bac Giang-Lang Son Expressway, to the Ministry of Planning and Investment.

Ha Noi prohibits using the first floor of resettlement houses for business

Bizhub The first floors of resettlement apartments in Ha Noi can no longer be used for trading and leasing joint venture purposes. The city’s People's Committee has assigned authorities in districts, wards and towns to use the first floors of resettlement apartments under State possession for community activities, which are managed and reported in accordance with public asset policies.

Lang Son proposed two options to mobilise investment for Huu Nghi-Chi Lang Expressway

A resettlement area in Ha Noi

Industrial property prices bolster in anticipation of foreign giants

Vietnam Investment Review With Vietnam in exceedingly high demand among foreign investors, industrial property developers can afford to raise prices and expand scale. At the Industrial Property Forum on June 19 in Hanoi, Pham Minh Phuong, director of Hai Duong Industrial Zones Management Board, said that industrial property in Vietnam has become "hotter" thanks to free trade agreements like the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA). Most industrial zones are of a small scale, so large land areas need to be cleared for lease in the time coming.

Vietnam Airlines rebounds with launch of five new domestic air routes

The Voice Of Vietnam National flag carrier Vietnam Airlines announced on June 23 that it will press forward with plans to open five additional air routes to connect famous tourist cities nationwide, such as Da Nang, Phu Quoc, Da Lat, Hue, and Can Tho.The move aims to stimulate domestic tourism demand and comes in response to the scheme "Vietnamese people travel in Vietnam" following its launch by the Ministry of Culture, Sports and Tourism.

Which are opportunities for Vietnam’s economy in post pandemic phase?

Vietnam Insider The opening up of the tourism sector and resuming of normal industrial production affirms that Vietnam spectacularly overcame COVID-19 and is now ready to become a regional economic hub that can replace China in the global supply chain in select sectors. Despite the global trend of recession, the IMF report in April 2020 has predicted that Vietnam will grow at a rate of 2.7 per cent, which would be higher than many other regional economies. However, it was predicted that the inflation would also be more than 3 per cent which would still be in manageable levels. At comparative levels, countries such as Philippines and Indonesia would be growing at 0.6 and 0.5 per cent in the year 2020.

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Daily Real Estate News Highlights Vietnam - 25 June 2020

Urban area that owns the most beautiful landscape design in the world is in the east of Hanoi

Zing News Located in the east of Hanoi, 20 minutes from Hoan Kiem lake, Ecopark green urban area was honored by IPA "the World's most beautiful landscape design urban area" in 2015. To win the award, Ecopark went Urban area that owns the most against over 2,000 projects of world-famous real estate corporations. beautiful landscape design in the

Thu Thiem urban planning charms investors

Vietnam Investment Review Only two hours after being introduced to VIP customers, The River – a luxury development located by the Saigon River – had 100 of its apartments welcomed by the market. Currently, there are approximately 400 investors showing interest in this project, with 100 of them being foreign investors, reported the representative of the developer City Garden Thu Thiem.

Work on bridge to HCMC coastal district to begin in 2022

world is in the east of Hanoi

Thu Thiem area viewed from District 1, Ho Chi Minh City

VnExpress Construction of the Can Gio Bridge, connecting Ho Chi Minh City's outlying namesake district with the city's center, will start in 2022. Deputy Minister of Transport Bui Hoa An announced the construction schedule at a meeting with the district's voters on Monday, saying the completion date is set for late 2025. He expressed the hope that locals owning lands could reach agreement with authorities to hand them over so that the work could be implemented on schedule. The VND5.3 trillion ($230 million) bridge will replace the Binh Khanh ferry as the means to connect the coastal Can Gio District with the rest of HCMC. The cable-stayed bridge will be 3.4 kilometers (2.1 miles) long and have four lanes and navigational clearance of 55 meters (180 feet).

Data stealing spyware rears head in Vietnam

VnExpress VN84App, a spyware capable of penetrating smartphones and stealing personal user data, has emerged in Vietnam. Security firm Bach Khoa Antivirus (BKAV) issued a warning about VN84App on Tuesday. Over 300 people in Vietnam have been victims to the malware in a short period, it said. Based on analysis, experts pointed out the VN84App spyware is distributed via fake official websites, one of which is a fake Ministry of Public Security site. Hackers trick users into accessing this site and downloading the VN84App application to their phones as a .apk file.

CapitaLand announces new CEO appointment for core market of Vietnam

Vietnam Investment Review CapitaLand Limited on June 22 announced Ronald Tay as a new CEO appointment in its core market of Vietnam as part of its on-going leadership development and renewal process. Starting his position at CapitaLand Vietnam from July 1, 2020, Ronald Tay with his expertise and the experience of his senior executive team will support the group’s continued growth in a post-COVID-19 era. Ronald Tay is currently CEO, residential and retail, CapitaLand Singapore, Malaysia, and Indonesia. He takes over from Chen Lian Pang, who will be retiring from CapitaLand. In his new role, Tay will focus on growing the overall business in Vietnam, including identifying investment and development opportunities. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 26 June 2020

Real estate booms in suburban areas

Vietnam Investment Review The real estate market is picking up in the areas surrounding Ho Chi Minh City as inner-city options become limited and the infrastructure of these provinces is improving. According to Pham Lam, general director of DKRA Vietnam, the three neighbouring provinces of Binh Duong, Dong Nai, and Long An just outside Ho Chi Minh City are those receiving the most interest from real estate developers and investors.

Orientations put Hanoi onto investment radar

A view of Ho Chi Minh City, an economic hub in the south of Vietnam

Vietnam Net Amidst the global trend of investment shifts, Hanoi is betting on new orientations and solutions to increase its appeal, expecting to open opportunities for international investors to venture further afield. As the world’s leading wireless technology innovator and the driving force behind the development, launch, and expansion of 5G, Qualcomm last week Hanoi is receiving a host of new opened a new representative office and research and development (R&D) high-tech projects by major foreign investors centre in Hanoi, making it the company’s first R&D facility in Southeast Asia.

Ba Ria-Vung Tau focuses on making its IPs competitive

Bizhub Numerous suggestions for strengthening the competitiveness of industrial parks and developing model industrial parks in the southern province of Ba Ria-Vung Tau were discussed at a seminar held yesterday in the province. Organised by the Ba Ria-Vung Tau Industrial Zones Authority (BIZA), the seminar, titled “Solutions to improve competitiveness of local industrial parks; developing model industrial parks”, was attended by hundreds of local authorities, experts and investors from the province and neighbouring areas.

Vietnam considers foreign ownership of hospitality real estate

VnExpress Minister of Natural Resources and Environment Tran Hong Ha stressed that no foreign nationals have been granted certificates denoting prime land use rights in the country, adding that the ministry will soon introduce regulations curbing the practice of aliens using Vietnamese as fronts to acquire land lots in the country. Ha told reporters on the sidelines of the National Assembly session on May 27 that in line with prevailing regulations, foreigners are not issued land use rights certificates.

Logistics service industry ready for opportunities from EVFTA

Vietnam Investment Review Vietnam’s logistics service industry is preparing infrastructure and techniques to grasp opportunities from the Europe-Vietnam Free Trade Agreement (EVFTA) to attract foreign investors with a wave of factories. Insiders predict that the agreement would be a lever for Vietnam to receive foreign direct investment (FDI) capital sources from European countries, bringing many advantages for the local logistics service in the future.

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Daily Real Estate News Highlights Vietnam - 29 June 2020

Shilla Monogram Quangnam Danang welcomes first guests on opening day Vietnam Investment Review Officially launched on June 26, Shilla Monogram Quangnam Danang – a brand-new lifestyle resort under the reputable Korean group The Shilla – has welcome its very first guests with warm hospitality.

Manulife is emerging as the leading bidder for Aviva Vietnam Insurer Unit

Shilla Monogram Quangnam Danang

Vietnam Insider The Canadian insurer is weighing a deal that would include a so-called bancassurance agreement with Aviva’s local partner Vietnam Joint Stock Commercial Bank for Industry & Trade, or VietinBank as it is known, to sell insurance products through the state-owned lender’s branches, the people said. A deal could be valued at several hundred million dollars, Manulife is emerging as the leading the people said, asking not to be identified because the deliberations are bidder for Aviva Vietnam Insurer Unit private.

Real estate brokers required professional

Vietnam News Real estate brokerage activities should be professionalised and often individual sellers need better training, especially when the market is in need of momentum after the COVID-19 pandemic, experts said.Speaking at the Viet Nam Realtors festival held in Ha Noi on Saturday, Nguyen Trong Ninh, director of the Housing Management and Real Estate Market Department under the Ministry of Construction said the Vietnamese National Assembly has ratified the Law on Real Estate Business in which recognises real estate brokerage as one of services in this sector, contributing to the country’s development of property market.

Wind energy development marks strategic step in long-term planning

The Voice Of Vietnam In the context of increasing demand for sources of electricity for the purpose of boosting socio-economic development, renewable energy has been marked by Vietnamese enterprises as a strategic step towards participating in a larger market. Due to the country being in a favourable geographical position for the development of wind power sources, with a monsoon climate, it’s weather is largely shaped by a coastline of more than 3,000 km.

How will Vietnam’s airlines market fare after Covid-19?

Vietnam Insider Activities at large airports such as Noi Bai and Tan Son Nhat as well as local airports have become busy again thanks to domestic flights. According to the Civil Aviation Authority of Vietnam (CAAV), from April 19 to May 18, five airlines, including Vietnam Airlines, Vietjet Air, Bamboo Airways, Jetstar Pacific and Vasco, had a total of 8,623 flights. The figure represented a sharp fall of 70 percent compared with the same period last year, but a sharp rise of 73.7 percent compared with the month before. Prior to that, social distancing was applied in Vietnam in April in an effort to control the epidemic. During that time, the passenger transport, including air transport, was nearly suspended.

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