Monthly Real Estate News | March 2021 by Vietnam Realty

Vietnam Monthly Real Estate News March 2021

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

Colliers News The Asian hotel market takes three years to recover www.enternews.vn According to Colliers, it was likely that the investment value of the hotel industry would still be lower than that in 2019. This research company also said that the global economy was likely to improve in the Q2/2021, possibly the industry tourism would begin to gradually recover from Q3/2021, but it would take 3 more years to recover to pre-pandemic levels. There would be changes and stricter requirements for some factors such as hygiene, however, movement instinct, relatively affordable price and the “compressed” demand making the recovery process for this segment follow the V-shape in the next 3 or 4 years.

The Asian hotel market takes three years to recover

City to ensure transparent, fair and competitive environment for property market www.vietnamnews.vn The chairman of the HCM City People Committee has pledged to review all housing projects in the city and work out solutions to create a “more transparent, fair and competitive business environment”. Speaking at an annual meeting with the HCM City Real Estate Association (HoREA) last weekend (Feb 27), Nguyễn Thành Phong said the city would work with agencies to address delays in “the issuance of investment policy approval for developers and ownership certificates for homebuyers”.

A view of District 2, part of the newly established Thu Duc City in HCM City. City authorities are reviewing all housing projects to create a “more transparent, fair and competitive business environment”.

Added trade potential for Vietnam with UK-EU deals www.nhandan.org.vn The United Kingdom-Vietnam Free Trade Agreement (UKVFTA), which was inked in December last year and came into force on the last day of the year, is a seamless part of Vietnam’s great efforts to achieve economic integration and development. Despite the great overlap between the UKVFTA and the EU-Vietnam deal (EVFTA), there are some differences, not only in terms of the objectives of the European contracting party, but also – to a lesser extent – in terms of content.

Over 8,000 firms newly established in February www.nhandan.org.vn The number of newly established enterprises in February was 8,038, down 12.3% year on year, with a total registered capital of VND179.737 trillion (nearly US$7.8 billion), up 85.6%. Such enterprises are expected to hire about nearly 57,000 workers, down 22.1% compared with the same period in 2020.

colliers.com/en-vn

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

Colliers News M&A pushing ahead real estate market www.vir.com.vn Ms. Kim Ngoc, Director of Valuation and Advisory Services at Colliers International, cited that the amendments and updates in the laws in investm ent, securities, and enterprises will make M&A activities more active after many inappropriate regulations have been removed. “Combined with Vietnam’s achievements in 2020 of successfully controlling the pandemic and achieving the highest possible growth rate, there are many reasons to believe that M&A activities will recover quickly. Sectors that can attract more M&A are real estate, retail, and consumer goods,” she said. Fresh dawn kindles for US-Vietnam relationship www.vir.com.vn With the new United States administration recently established, the US and Vietnam are expected to continue building bilateral trade and investment ties on the back of various motives including a possibility for the US to rejoin the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. In his first few days in office five years ago, President Donald Trump withdrew from the Trans-Pacific Partnership, which was a pillar of the Barack Obama administration’s pivot towards Asia. The remaining 11 member states have since reframed the agreement as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and President Joe Biden’s commitment to rebuilding relations with allies has sparked speculation about the US returning to the fold.

Ms. Kim Ngoc Head Of Valuation & Advisory Services | Colliers Vietnam

Projects such as Bunge’s agribusiness are expected to increase in number through stronger US ties.

Vietnam begins year with $1.3 bln trade surplus www.vnexpress.net Vietnam achieved a trade surplus of $1.3 billion in the first two months of the year as both exports and imports rose sharply. Exports were up 23 percent year-on-year to $48.5 billion, 76.4 percent of them by foreign companies, according to the General Statistics Office. Exports of heavy industry products and minerals were worth $26.6 billion, up 27.8 percent, while those of light industry and handicraft products were worth $17.3 billion, up 18.8 percent.

colliers.com/en-vn

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

Colliers News Real estate kept its uptrend in price after 3 Covid-19 outbreaks www.baotainguyenmoitruong.vn Colliers assessed that home loan interest rates in 2021 were expected to continue to decrease and loan regulations were also "open" because many commercial banks had positive cash flows. This was an opportunity for investors to consider using financial leverage to buy real estate. Mr. David Jackson - CEO of Colliers Vietnam said “Real estate was an important source of investment and price movements showed that prices would still increase in 2020 in apartment segments despite the Covid-19 pandemic. In particular, the land plot segment had always attracted the attention of investors due to its high stability and good profitability. Therefore, house prices may continue to increase in 2021”.

Real estate kept its uptrend in price after 3 Covid-19 outbreaks

Vietnam could gain from investors’ likely Myanmar exit www.vnexpress.vn Vietnam is expected to garner interest from investors pulling out of Myanmar due to the military coup and looking for alternative Southeast Asian bases. "Once borders open up after the pandemic, and Asian investors return physically to Vietnam, I believe it will be a feeding frenzy and you will see deal activity erupt, pushing Vietnam to the top of the list of emerging markets attracting foreign investment," Field Pickering, head of venture investing at Singapore-based Vulpes Investment Management, which has interests in Myanmar, said.

Employees working at an FDI business in Vietnam

Rising demand of international market sends new manufacturing orders up www.thesaigontimes.vn Business activities in the Vietnamese manufacturing sector improved, as the number of new orders jumped in February due to the rising demand from the global market, which, in turn, saw firms raising output, staffing levels and purchasing activity.

Danang calls for investment in 10 projects in next five years www.thesaigontimes.vn The central coastal city of Danang has put forth 10 investment projects in the transport, infrastructure and logistics sectors to call for investment in the next five years. Six of the projects have had their scales determined, with a combined investment capital of more than VND100 trillion, while the four remaining projects depend on proposals from investors.

colliers.com/en-vn

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

Colliers News Which real estate segment will generate stable profit in 2021? www.vneconomy.vn Mr. David Jackson - CEO of Colliers Vietnam commented that townhouses in Ho Chi Minh City were interested. In the apartment segment, prices would still increase in 2020 despite the Covid-19 pandemic. Although the population density of Vietnam was higher than some regional countries such as Thailand, the average apartment area per capita was still among the lowest in the region, so there are were many opportunities to expand new supply sources to meet the needs of the market. In addition, townhouses were still in relatively high demand and supply was limited in the Hanoi and HCMC markets, and prices were likely to continue to rise in 2021

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

Vietnam records US$5.5 billion of foreign investment in the first 2 months of 2021 www.vietnaminsider.vn Vietnam attracted around 5.5 billion U.S. dollars of foreign investment in January and February this year, down 15.6 percent against the same period last year, the country’s General Statistics Office reported Tuesday. Specifically, Vietnam licensed 126 new foreign direct investment (FDI) projects with total registered capital of over 3.3 billion U.S. dollars, down 74.8 percent in quantity and 33.9 percent in capital year on year.

A food vendor walks past the Temple of Literature in Hanoi on Feb. 3.

Public investment a strong pillar for economic growth

www.nhandan.org.vn Amid the health crisis hurting the domestic economy where private investment remains difficult to attract, Vietnam will continue beefing up public investment in a bid to hit its economic growth goal for this year. According to the Asian Development Bank, the government should accelerate public investment as one of the key pillars for economic growth in this year and beyond.

Ho Chi Minh City: Two-month foreign investment stands at US$337.8 million

The government is expanding public investment in a bid to reach higher economic growth

www.nhandan.org.vn Ho Chi Minh City recorded US$337.8 million of foreign investment registered during the first two months of 2021, equivalent to 70.3% of the figure in the same period last year. Real estate attracted most of the sum, US$145.1 million or 43% of the total. colliers.com/en-vn

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

Colliers News Colliers offers three tips for real estate investors in 2021 www.tinnhanhchungkhoan.vn According to Colliers report, the third outbreak of Covid-19 pandemic will have different effects on real estate segments. According to Colliers, in the current context, the townhouse segment is still an attractive investment channel. Offering three main advices to investors during this period, Colliers said that it was necessary to pay attention to the following factors: The first was to firmly grasp your own financial situation, including cash flow. The second was the "classic" principles, related to the credibility of the investor, the overall assessment of the customer for projects that the developer has previously implemented or the legal documents of the project. Finally, there were many opportunities for investors in localities with good connections to the two big cities, Hanoi and Ho Chi Minh City, especially those with synchronous investment in infrastructure and dynamical development.

Colliers offers three tips for real estate investors in 2021

Big C brand name to be fully replaced by Tops Market, GO! www.vnexpress.net Retail chain Big C plans to rebrand all its outlets as Tops Market or GO! this year, laying the Big C name to rest after 22 years in Vietnam. Thailand’s Central Retail, its owner, began the process on March 1 by changing the names of three Big C outlets in HCM City, in An Phu and Thao Dien in District 2 and Au Co in Tan Phu District, to Tops Market. The four stores in Hanoi in Tu Liem, Ha Dong, Thanh Tri, and Thanh Xuan districts will be renamed soon.

Tops Market in HCMC’s District 2, formerly known as Big C Thao Dien. Photo courtesy of Central Retail.

Vietnam lures US$5.46 billion in foreign investment www.sggpnews.org.vn As much as US$5.46 billion worth of foreign direct investment (FDI) was injected into Vietnam as of February 20, equivalent to 84.4 percent of the figure recorded in the same time last year, according to the Ministry of Planning and Investment. Up to Feb 20,2021, the total newly registered, adjusted, contributed capital, and purchased shares of foregin investors reached 5.46 billion USD, equaling 84.4% as compared to the same period in 2020.

colliers.com/en-vn

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

Colliers News

2 most valuable real estate segments to invest in in 2021 www.nhadautu.vn Mr. David Jackson, CEO of Colliers Vietnam said, which segment to put money into at this time depended on cash flow, investment strategy and risk tolerance level of each person. Investors should aim for opportunities to seek profits in the medium or long term rather than the goals of quickly seeking profits in a short time period. Mr. David Jackson said that investors may also consider land plots, especially land plots in semi-urban areas or dynamically developing satellite cities. In those regions, the potential for price increases was quite high in line with the growth of infrastructure and long-term development plans. With the same amount of money, taking a little bit away from the center, theinvestor might own much larger area. However, investors should also be prepared to wait a little longer to get profits.

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

Covid-19 vaccination begins for frontline workers www.vnexpress.net Medical and other frontline workers in Hanoi, HCMC and Hai Duong got the AstraZeneca Covid-19 vaccine on Monday morning. At 6:15 a.m. the Vietnam Vaccine JSC sent the vaccines to the HCMC Hospital for Tropical Diseases where 900 medical workers are to be given shots.

RCEP smooths way for Vietnam to join global supply chains

Nguyen Thi Hue, a medical worker in Hai Duong Province, is injected with AstraZeneca Covid-19 vaccine, March 8, 2021

www.vir.com.vn The Regional Comprehensive Economic Partnership (RCEP) agreement has enabled Vietnam to be connected better with global supply chains compared with other new-generation free trade agreements (FTAs), an official has said. Nguyen Thi Thu Trang, Director of the WTO and Integration Centre at the Vietnam Chamber of Commerce and Industry (VCCI), said the signing of the RCEP at the 37th ASEAN Summit in 2020 demonstrated Vietnam’s resolve and success as ASEAN Chair.

Vietnam a strategic destination for Samsung’s R&D activities www.vov.vn Samsung Vietnam plans to expand its investment in Vietnam by setting up a research and development (R&D) centre, strengthening cooperation with domestic enterprises, and taking part in public infrastructure projects, its General Director Choi Joo Ho has said.

colliers.com/en-vn

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

Colliers News Apartment market: Price difference in two big cities www.vneconomy.vn Colliers Vietnam forecasted that, in Ho Chi Minh City, the rise of condominium prices in 2021 would continue with an increase of about 9%. “2020 ended with more than 25,000 new units being launched. Absorption rate was over 22,000 units, accounting for 88% of new supply. New launches were mainly from the mid-end and high-end segments. Meanwhile, the affordable segment remained short of supply despite high demand in this segment. As legal issues for many projects were resolved, selling prices increased, of which projects in District 2 and District 9 recorded the highest price increase of 4% - 7%. Due to high demand in the context of limited supply, developers would remain confident with their selling prices,” said Colliers Vietnam's report.

Apartment market: Price difference in two big cities

World Bank okays $86 mln for energy efficiency in Vietnam www.vnexpress.net The World Bank will provide Vietnam with $86.3 million to support the development of a commercial financing market for investing in industrial energy efficiency. The provision includes a $8.3 million grant used to build private sector capacity to execute energy efficiency projects, the bank said in a statement.

Workers fix electric cables in District 7, Ho Chi Minh City.

Vietnam’s economy breaks into moderately free category for first time www.nhandan.org.vn Vietnam’s economic freedom score is now 61.7, making its economy the 90th freest in the 2021 Index of Economic Freedom. In the Index, released by the Heritage Foundation, the country’s overall score has increased by 2.9 points, primarily because of an improvement in fiscal health.

Residential segment sees little impact amid Covid-19 pandemic

www.thesaigontimes.vn As Vietnam is experiencing the third wave of the Covid-19 pandemic, which continues to impact the hospitality industry and various real estate sectors, prices of the residential segment appear to have remained unchanged and sales unaffected. David Jackson, chief executive officer of Colliers International in Vietnam, said the hospitality industry would be the most impacted, evident by hotels, tours and flight cancellations by domestic tourists and the limited number of international arrivals into Vietnam. However, the Covid-19 pandemic did not significantly impact the prices of residential properties in 2020, despite all condominium segments and landed properties having seen their prices increase from 2019.

colliers.com/en-vn

Colliers News Real estate in 2021 is not for investors for "surfing" www.baotainguyenmoitruong.vn Sharing about the real estate market in 2021, Mr. David Jackson - CEO of Colliers Vietnam said that even if the owner offered incentives, investors still had to pay according to set periods or interest rates of loan amount. Investors should also note that the next transactions may take place more slowly in this special period. In addition, real estate was not a flexible investment such as securities or bonds, so investors who needed constant cash flow should not rush to decide to buy real estate even though it looked like a promising investment at first sight. According to Mr. David Jackson, only when making sure that his own cash flow could help him pay the bank interest, then investors should think about buying real estate. Especially, for young people, limited financial resources should be carefully considered before deciding to invest. First of all, young investors needed to know their cash flow, how much they could accept risks and some other factors related to their personal finances.

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

Ninh Thuan looking for investor for $135 million BIM wind farm www.vir.com.vn Ninh Thuan Department of Planning and Investment has issued a call for interested investors to join bidding to develop the BIM wind farm project. The BIM wind farm has the total estimated investment capital of VND3.11 trillion ($135.2 million) and covers an area of 30.8 hectares in Thuan Nam district of Ninh Thuan province. Ninh Thuan People’s Committee has approved BIM wind farm, which is one of the projects listed in planning approved by the prime minister.

BIM wind farm will help improve the balance of renewables in the country's energy mix

Construction of underground section of Nhon-Hanoi Station railway to start in May www.vov.vn Construction of a 4-km underground section of the Hanoi urban railway line No.3 (Nhon-Hanoi Station) will commence after May 1, with four underground stations from Station 9 in Kim Ma to Station 12 in Hanoi Station. According to Le Trung Hieu, Vice Director of the Metropolitan Railway Management Board (MRB), tunnel boring machines (TBM) have been assembled and tested for digging work. The first TBM is to be handed over to the investor soon. Hieu said that 20-45 technicians from the Republic of Korea, Italy and Fecon – a contractor of the project – will operate the machine. colliers.com/en-vn

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

Colliers News The real estate market continues to keep its attraction in 2021 www.vietnamplus.vn Mr. Terence Alford - Director of Capital Markets & Investment Services, Colliers Vietnam, said that as Ho Chi Minh City became more and more crowded and developed, real estate developers began to look for alternative locations to add value. In addition, developers also focused on creating new living spaces to not only diversify choices for customers but also contribute to improving the quality of life and creating new trends and living experiences. In such trend, businesses that have been ahead of the wave of infrastructure development and the buying trend of buyers have achieved great success, despite the impact of COVID-19.

The real estate market continues to keep its attraction in 2021

Vietnam, Sweden enhance trade connectivity www.vov.vn Following Vietnam’s export turnover to Sweden witnessing an annual increase of 99.94% in January, the advantages brought about by the EU-Vietnam Free Trade Agreement (EVFTA) are anticipated to promote greater trade links between the two countries, according to insiders. Figures released by the General Department of Vietnam Customs indicate that two-way turnover between Vietnam and Sweden in January reached approximately US$160.89 million, of which Vietnamese exports surged by 99.94% to roughly US$132 million compared to the same period from last year.

Vietnam, Sweden enhance trade connectivity

High-tech a bright spot in FDI picture www.vir.com.vn Although the country’s registered foreign direct investment capital went down by 15.6 per cent on-year due to the pandemic, financial injections still managed to find their way to high-tech projects in the first two months of the year, showcasing the attraction of some of Vietnam’s industries and localities.

Japan supports Vietnam to set up cold chains for Covid-19 vaccines

www.vietnaminsider.vn It would be provided through UNICEF, Japan’s Ministry of Foreign Affairs said. “This emergency grant aid is aimed at delivering vaccines to each and every person in the all corners of developing countries, which will complement the efforts of the Covax Facility,” it said. Covax is a global mechanism for developing, manufacturing and procuring Covid-19 vaccines and supplying member countries. Vietnam began its vaccination campaign on Monday, starting with prioritized categories of people like frontline workers in 13 cities and provinces recently facing coronavirus outbreaks. colliers.com/en-vn

Colliers News At the beginning of the year, which apartment area attracts buyers? www.cafef.vn Mr. David Jackson, CEO of Colliers Vietnam, said that choosing to buy or invest in which segment at this time depended on cash flow, investment strategy and risk appetite of each person. Investors should aim for opportunities to seek profits in the medium or long term rather than the goals of quickly seeking profits in a short time period. “If investors wished to rent out an apartment or move into the purchased property, they should learn about the apartments in the mid-end segment with affordable prices which were accounting for a large proportion of the apartments in the new supply in the market and also the type of apartment that most urban residents live in. If there was intention to sublease, the location, convenient connection or convenient service were the factors that should be care”, Mr. David Jackson emphasized.

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

Airport expansion plan offers long-term investment appeal www.vir.com.vn While the race to seek permission for new airports in the country remains controversial, Vietnam’s future aviation development plan by 2050 is expected to create fresh opportunities for private investors to join. A number of proposals by cities and provinces to build an airport have been announced. On February 25, the People’s Committee of the southern province of Binh Phuoc proposed to the Ministry of Transport (MoT) to have Binh Phuoc airport included in the national planning on airport development for 2021-2030, with a vision towards 2050.

Some provinces believe they will require much stronger airport infrastructure for the next decade and beyond.

Quảng Trị to host investment promotion conference in late June www.vietnamnews.vn The central province of Quảng Trị plans to hold an investment promotion conference at the end of June to introduce its investment opportunities to foreign and domestic investors, according to the provincial website. The provincial People's Committee described the conference as a good chance for investors to tap into business and investment opportunities in the locality, contributing to promoting its socio-economic development. During the event, Quảng Trị will deliver its call for investment into major sectors including industry-construction, agriculture, services and tourism.

cocolliers.com/en-vn

Colliers News Demand for virtual office space is increasing in HCMC www.vneconomy.vn According to Mr. David Jackson, CEO of Colliers Vietnam, not going to the office every morning, not being obsessed with traffic jams, long distances and traveling time to the office were no longer a concern, while parents had more time to spend with their children and family. It was clear that Covid-19 made more people work remotely or from home, with the proliferation of video calling apps making meeting, discussion, updating, etc. really convenient, helping to keep working efficiency still high. Virtual offices had 2 main advantages. The first was the more affordable price than that of “traditional” office and co-working space. In addition, virtual office tenants also did not need to worry about the cost of repair or design, the price of additional services such as printing or meeting rooms was very “comfortable”, which greatly reduces "burden" on operating costs compared to rent of a “traditional” office.

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

Foxconn to invest $700 million more in Việt Nam www.vietnamnews.vn Taiwanese electronics giant Foxconn has said it plans to invest an additional US$700 million in Việt Nam, reported Taiwan News. Foxconn started investing in Việt Nam in 2007, mainly in Bắc Ninh, Bắc Giang and Vĩnh Phúc provinces. The Apple supplier's total investment in Việt Nam was $1.5 billion by December last year. Foxconn's total revenue in the Southeast Asian country reached $3 billion in 2019 and $6 billion last year and is expected to reach $10 billion this year. It also targets to add 10,000 jobs this year.

A company of Foxconn in Bắc Giang Provine.

Electronics lead HCM City industrial revival www.vietnamnews.vn Electronics production in HCM City increased sharply in the first two months of the year thanks to efforts to stabilise export markets and foster manufacturing, according to the city Department of Industry and Trade. Nguyễn Thị Xuân Thủy, deputy director of the Industry Development Assistance Centre, said: “COVID-19 hit companies hard, especially in the electronics industry. They had to cut their payroll.

PM approves investment policies of IPs in Vinh Phuc, Thua Thien-Hue

www.vir.com.vn Prime Minister Nguyen Xuan Phuc has signed a decision approving the investment policy for a project on technical infrastructure construction of Tam Duong 1 industrial park - area 2 in Tam Duong district, northern Vinh Phuc province. colliers.com/en-vn

Colliers News Branded Real Estate: ‘Importing successful formula’ from Dubai www.thanhnien.vn With 29 projects, Dubai was the largest cities in the world in the luxury real estate market. In Asia, where the economy was thriving, Vietnam was a very potential market, with impressive economic growth. The application of the tripartite cooperation mechanism in Vietnam was expected to create a growth engine for this luxury home segment. This real estate line usually had a significantly higher price than that of general market level due to many "resonant" factors such as the location, reputation of the investor as well as the excellence of the operator. Mr. David Jackson, CEO of Colliers Vietnam commented. The difference between branded real estate versus comparable non-branded real estate could be as much as 132%, according to Knight Frank.

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

Foreign investment continues to flow into hospitality market www.vir.com.vn The hospitality industry has struggled in the past year, but despite the challenges, foreign investors are still debuting new properties in Vietnam. VIR’s Hoang Anh sat down with Michael Piro, Indochina Capital’s COO and Wink Hotels’ CEO, to discuss the brand’s soon-to-open first property and why foreign investors are still bullish on Vietnam’s hospitality market.

Wink Hotel Saigon Center at 75 Nguyen Binh Khiem will open on March 24th 2021

Land handover remains a roadblock for major HCMC transport projects www.vnexpress.net One of them is the Thu Thiem 2 Bridge over the Saigon River between Districts 1 and 2. Work on the 1.4 km long, six-lane bridge began in 2015 at a cost of nearly VND3.1 trillion ($134.9 million). It was originally scheduled to be completed in 2018 but has missed several deadlines due to land acquisition difficulties in District 1. As of last year, work on the project was 70 percent complete but construction on certain sections in District 1 continues to face delays since some of the required land belongs to the Ministry of National Defense. City authorities have been closely working with the ministry to speed up handover of the land.

Over VND21.5 trillion to be poured into six traffic projects linking HCMC, Long An

www.thesaigontimes.vn The HCMC Department of Transport has written to the municipal government proposing prioritizing six traffic projects with total investment of over VND21.5 trillion connecting HCMC with the Mekong Delta province of Long An from now until 2025. colliers.com/en-vn

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

Colliers News Thanh Hoa - a new bright spot on the investment map of industrial zones in Vietnam www.ndh.vn Mr. David Jackson, CEO of Colliers Vietnam said that the most important reason for Thanh Hoa to attract huge investment was the macro policy. The Politburo issued Resolution No. 58 on the construction and development of Thanh Hoa province until 2030, with a vision to 2045, opening up many new development opportunities for the locality to rise to become a new growth pole in the North. Accordingly, Thanh Hoa together with Hanoi, Quang Ninh and Hai Phong form a development quadrilateral in the North. It could be seen that the Government had many plans to develop infrastructure in Thanh Hoa. The North - South expressway in Ninh Binh - Thanh Hoa section was underway and would have a great and positive impact on the economic development in general and tourism in particular in Thanh in the near future.

Thanh Hoa - a new bright spot on the investment map of industrial zones in Vietnam

Vietnam, Germany launch clean transport project www.thesaigontimes.vn The Vietnamese Ministry of Transport and the German Embassy in Vietnam launched a project worth 4 million euros on March 15 to help reduce greenhouse gas (GHG) emissions in the Vietnamese transport sector. The “Support the Ministry of Transport to implement Vietnam’s NDC under the framework of the NDC Transport Initiative for Asia” (NDC-TIA) project will contribute to the implementation of Vietnam’s Nationally Determined Contribution (NDC) to the Paris Agreement on climate change.

Vietnam, Germany launch clean transport project

Post-vaccine reactions in Việt Nam within recommended level, drive to continue: official www.vietnamnews.vn The side effects those receiving the Oxford/AstraZeneca COVID-19 vaccine in Việt Nam have experienced have been within the permitted threshold, according to the leader of the national inoculation efforts. According to Đặng Đức Anh, Director of National Institute of Hygiene and Epidemiology and head of the National Expanded Programme on Immunisation, Việt Nam is closely watching reaction data from other countries that have also started inoculation drives as it continues with the vaccine rollout.

colliers.com/en-vn

Colliers News Vietnamese luxury real estate prices are still affordable in the eyes of foreign investors www.nhipcaudautu.vn Explaining the reason why the real estate sector received special attention from foreign investors, Mr. David Jackson, CEO of Colliers Vietnam, who has been working in this market since 2008, said the trend of global supply chain shifts and the “China Plus One” strategy to diversify production in many countries was one of the reasons for the increasing number of investors from Korea. Quoc and Japan look to Vietnam. Investors from China, Japan and South Korea could also enjoy many incentives from Vietnam's investment attraction policies, he added. “Obviously, the market in China, Japan and Korea has been more developed than Vietnam real estate market in many criteria, so the opportunity to seek profits was not much,” said Mr. David Jackson.

Vietnamese luxury real estate prices are still affordable in the eyes of foreign investors

Inter-Mekong Delta route renovation to complete in April www.vnexpress.net Work to upgrade a route through four Mekong Delta provinces is expected to be completed in April to ease the traffic burden on National Highway 1A. The project to upgrade the Quan Lo-Phung Hiep highway that stretches 103 kilometers (64 miles) across Hau Giang, Soc Trang, Bac Lieu and Ca Mau, the southernmost province of Vietnam, started a year ago. All work will be completed by the end of April, said Hoang Tuan Khoat, deputy director of No. 7 Projects Management Unit, which operates under the Directorate for Roads of Vietnam to manage southern traffic projects.

Road roller presses new asphalt on the surface of the Quan Lo - Phung Hiep Highway, March 2021

Completion of two key projects in Thu Thiem delayed to 2023 www.thesaigontimes.vn The competent departments and agencies in HCMC are completing procedures to extend the deadline for the completion of two key projects in the Thu Thiem New Urban Area in Thu Duc City---four main roads and the Thu Thiem 2 Bridge---to 2023. The two projects are important to connect the new urban area with the central business District 1 but have been repeatedly delayed, Thanh Nien Online newspaper reported. In August last year, the State Audit of Vietnam (SAV) pointed out shortcomings in the two projects: slow site clearance, tardiness in signing an appendix to extend the execution time of the projects and slow confirmation of the completed workload to make payments.

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Colliers News Foreign remittances poured into real estate www.vietnamfinance.vn Mr. David Jackson, CEO of Colliers Vietnam said that a large part of foreign remittances flowed into real estate in the context of real estate prices tending to increase in recent years, the rest were prioritized to send to banks when interest rates in Vietnam have decreased, but they were still significantly higher than those in many developed countries. According to Mr. David Jackson, the fact that investors and overseas Vietnamese faced many barriers when accessing real estate market information such as planning information and infrastructure development was the room for brokerage companies to approach investors and “export” real estate products on the spot. “Brokers and consultants needed to pay attention to the international standards demand of these subjects, in which, for overseas Vietnamese and foreigners, the priority criteria were security and order of the area surrounding the property, convenience level, location or unique architecture of the project,” said Mr. David Jackson.

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

Landscape of outbound Vietnamese investment ventures www.vir.com.vn While adversities due to COVID-19 are making some firms more prudent with outbound investment ventures, but there are firms that do not hesitate in finding ways to tap into the global market potential. A few days ago, Hanoi-based dairy firm VitaDairy officially announced its ownership of a dairy farm in the Australian state of Tasmania.

Germany was one of the leading foreign markets of Vietnamese investors in recent years

VinFast, Foxconn discuss partnership for electric car production www.vnexpress.net Automaker VinFast and Taiwan’s Foxconn are discussing a partnership instead after the latter sought to buy the Vietnamese company’s electric vehicle production line. The world’s largest contract manufacturer made a buyout bid to the subsidiary of Vietnam’s largest conglomerate, Vingroup, Reuters quoted two sources as saying.

Vietnam to have first dialyzer manufacturing plant

www.thesaigontimes.vn apanese medical device manufacturer Nipro has been licensed to adjust upward its investment at the Saigon Hi-Tech Park (SHTP) in HCMC by US$270 million to US$570 million, and will start the production of dialyzers in the city, according to the SHTP management board. colliers.com/en-vn

Colliers News 2 great advantages when renting virtual offices www.plo.vn Mr. David Jackson, CEO of Colliers Vietnam, said the pandemic caused many people to work remotely. In addition, the proliferation of video calling applications made working, meeting, discussing and updating very convenient. Furthermore, more and more young Vietnamese were deciding to start their own business. In the early stages, these projects sometimes needed only one registered office at a certain address, and personnel could work anywhere, at home or in a coffee shop. These were the reasons creating high demand for the virtual office segment in 2021 and the following years. “Virtual offices had two main advantages. The first was the much more affordable price than a traditional office or co-working office. In addition, virtual office tenants did not need to pay attention to repair or design costs, significantly reducing the burden of operating costs” - Mr. David Jackson analyzed.

2 great advantages when renting virtual offices

Vietnam becomes fourth largest seafood supplier to Japan www.vov Vietnam has emerged as the fourth largest seafood exporter to Japan, with its products making up 7% of Japan’s total seafood imports in January 2021, an increase of 0.4% compared to data a year earlier, according to figures released by the Ministry of Industry and Trade. Japan Customs statistics indicate that the Far East nation imported a total of 165,030 tonnes of seafood worth US$997.9 million in January, representing a decline of 4.8% in volume and 16.9% in value against January 2020.

Nearly 34 ha of planted forests in Quang Nam are to be cleared for the construction of the Song Tranh 4 hydropower plant

VinaCapital GS Energy recieves investment certificate for $3 billion LNG plant www.vir.com.vn VinaCapital GS Energy Pte., Ltd., a joint venture between South Korean GS Energy and VinaCapital on March 21 received the investment certificate to build a $3 billion LNG-to-power complex in Long An province. Consisting of Long An I and II, the VinaCapital GS Energy complex will be located on 90 hectares in the Southeast Asia Services Area, a part of Long An International Port of Long An province, and is expected to be started very soon. With a capacity of 3,000MW, the complex is expected to be put into operation in December 2025, consisting of two turbines with equal capacity. The Long An LNG-to-power complex was granted an investment certificate on the occasion of Prime Minister Nguyen Xuan Phuc visited Long An on the same day, touring a range of other large-scale projects in this province. colliers.com/en-vn

Colliers News Boom of the technology application in real estate www.cafef.vn Mr. David Short, Head of Sales and Leasing (North), Colliers Vietnam, said that increasing the speed and stability of the Internet would help enterprises step by step use cloud storage services. Meanwhile, enterprises in the media and telecommunications sectors would also continue to use this technology more strongly in Vietnam. According to Colliers expert, hiring a data center would greatly reduce the risks when the enterprises moves offices or locations, helping the business's data be secure and stored in the best possible conditions. operating costs could be minimized. Enterprises could also access their data whenever they wished, in a simple, scientific and fast way. Therefore, the employee's performance was also better, making an important contribution to increasing profits for enterprises.

Mr. David Short Head of Sales and Leasing (North) Colliers Vietnam

Dong Nai setting up plans to develop into regional logistics centre www.vir.com.vn Dong Nai People’s Committee will invest in developing a port system to synchronise the transport infrastructure system, including expressways, roadways, and Long Thanh International Airport to become a logistics centre of the region. According to the evaluation of the Department of Transport, the province’s seaport system is a collection of disconnected small-scale ports (only two of the 17 seaports have a scale of over 30 hectares while there are many ports which are only a few hectares) supported by weak connecting transport infrastructure.

Dong Nai is planning to improve infrastructure to encourage port development

Ba Ria – Vung Tau industrial parks await FDI post-pandemic www.bizhub.vn Industrial parks in the southern coastal province of Ba Ria – Vung Tau are making preparations to attract foreign investments that are expected to surge after the COVID-19 pandemic passes. The 500ha Dat Do 1 Industrial Park in Dat Do District wants FDI to account for 70 per cent of all investment and domestic projects for only 30 per cent, with priority given to supporting industries and hi-tech projects. This year it attracted six local investors but no foreign investment. Due to the ongoing COVID-19 pandemic, foreign investment had been severely impacted, Nguyen Khac Thanh, general director of Tin Nghia - Phuong Dong Industrial Park JSC, the developer of Dat Do 1 Industrial Park, said.

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

Colliers News Boom of the technology application in real estate www.cafef.vn Ms. Kim Ngoc, Head of Valuation & Advisory Services, Colliers Vietnam said that land fever could lead to several consequences such as: increasing bad debt and disturbing socio-economic life of the whole region. Land prices continuously increased so that people with real needs could not afford to buy for living, leading to the risk of breaking the real estate market. When investors did not have time to sell quickly, they would be buried or lost capital. According to Ms. Ngoc, land buyers needed to find out information from accurate sources to not be psychologically affected by the crowd effect. At the same time, they should understand their financial capacity to prevent risks, calculate the ability to repay principal and interest when not selling on time. In addition, it was very important to strengthen information communication through all channels to help people understand information about policies and planning.

Ms. Kim Ngoc Head of Valuation & Advisory Services | Colliers Vietnam

Austrian firm seeks to locate $1.8 bln plants in Vietnam www.vnexpress.net Austria printed circuit board manufacturer AT&S has been studying several locations in Vietnam to build two factories worth €1.5 billion ($1.78 billion). The plan was revealed at a Tuesday meeting between Austrian Ambassador to Vietnam, Thomas Schuller-Gotzburg, AT&S Chief Operating Officer Ingolf Schroeder and Prime Minister Nguyen Xuan Phuc.

AT&S Headquarter in Leoben city, Austria

GE Renewable Energy secures wind farm project in Binh Thuan www.thesaigontimes.vn GE Renewable Energy on March 23 announced that it has won a contract from the Vietnam Joint-Stock Construction Electricity Corporation (VNECO) to supply a total of eight of GE’s 3.8-137 MW wind turbines for the Thuan Nhien Phong (TNP) wind farm in the south-central coastal province of Binh Thuan. The contract also provides a 10-year full-service O&M agreement for the operation and maintenance of the wind farm. The wind farm will be powered by eight of GE’s 3.8MW platform, with a 137-meter-rotor wind turbine and a customized hub height of 131.4-meter towers that are ideally suited to take advantage of the wind conditions in Binh Thuan.

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Colliers News 'Dong Nai still has many internal forces for industrial real estate development' www.vietnambiz.vn Recently, the demand for industrial real estate has been increasing, many localities across the country have been actively developing industrial zones (IZs), expanding land funds to attract investment. In that context, Dong Nai still maintains its leading position in the industrial real estate segment, in the opinion of Mr. Vu Minh Chi, Industrial Manager, Colliers Vietnam. According to Mr. Chi, in addition to favorable infrastructure conditions as well as natural conditions, Dong Nai industrial real estate might continue to make a huge breakthrough in the coming time, which were intra-provincial and inter-regional roads, combined with many high-class residential areas, meeting the living needs of international experts.

Mr. Chi Vu Industrial Manager Colliers Vietnam

Hotels in Asia are Pushing Sustainability Forward Amid the New Normal, Here’s how www.vietnaminsider.vn The return of travel, coupled with pent-up demand accumulated during the COVID-19 period, drives our prediction of a V-shaped recovery for the sector to 2019 levels in the years to come. Most of the trends that we expect to emerge post-COVID-19 are the same trends that showed signs of emerging pre-COVID-19; they have just been accelerated.

Vietnam targets US$10 billion from fruit, vegetable exports by 2030

www.nhandan.com.vn Vietnam expects to gain US$ 8-10 billion from shipping fruits and vegetables abroad, with revenue of processed products accounting for at least 30 percent of the total by 2030. Under a project to develop the fruit and vegetable process sector during 2021-2030 recently approved by the Prime Minister, Vietnam targets to attract investment in 50-60 fruit and vegetable processing establishments, and build several modern groups and enterprises who have good competitive capacity.

Masterise Homes breaks ground on world’s largest Marriott Branded Residences in Vietnam

www.vir.com.vn Masterise Homes, a pioneer of world-class luxury real-estate development in Vietnam, today held the groundbreaking ceremony of Grand Marina, Saigon – the first-ever JW Marriott and Marriott Branded Residences in Vietnam, at the construction site of the project in District 1, Ho Chi Minh City. The ceremony was witnessed by representatives of strategic partners, main contractors, and local media. The groundbreaking ceremony of the Grand Marina, Saigon is an important milestone that marks the beginning of the journey to create a new icon of the city and this rapid change, an emblem of a nation's ascent and its promise as a new centre of commerce and culture in Southeast Asia. colliers.com/en-vn

Colliers News Do localities like 'land fever' or 'cold'? www.vietnambiz.vn Ms. Kim Ngoc, Head of Valuation & Advisory Services, Colliers Vietnam, said that lending interest rates as well as bank deposit rates still tended to decrease along with idle money in the population, leading to a large amount of capital flowing into the real estate market. In addition, according to this expert, the COVID-19 pandemic continued to reinforce the belief of many investors that real estate was a safe “haven” and the value would increase over time, continuing to make to transfer money into real estate in order to "hoard" the land towards the medium and long term. In addition, the need to invest and deposit money in land surged sharply due to ineffective investment in other economic sectors due to pandemic.

Ms. Kim Ngoc Head of Valuation & Advisory Services | Colliers Vietnam

Metro Line construction barriers to be removed by April www.vietnamnews.vn The construction barriers around Metro Line 1 (Bến Thành - Suối Tiên) on Lê Lợi Street (District 1) will be removed before April 30 (Reunification Day), which is expected to improve traffic conditions, according to the HCM City Management Authority for Urban Railways (MAUR). Work on sewers, a temporary floor, walls, and other architecture is being completed.

Metro Line 1 (Bến Thành - Suối Tiên) in HCM City is expected to open in 2022.

VSIP accelerates development of amenities for Sun Casa and Sun Casa Central www.vir.com.vn Vietnam-Singapore Industrial Park (VSIP) is building a full range of amenities for Sun Casa and Sun Casa Central residents to create an ideal space to work, live, and play. According to a representative of VSI{, the firm is developing on-site amenities including a service and sports complex (Clubhouse), two on-site parks and a central park (Sun Park), a shopping centre (The Sun Mall), and an entertainment and service zone (The Sun Containers Night Market). "We have planned out each stage of the amenity development to ensure successful construction as committed to our customers,” the representative noted.

Dong Nai to develop three additional industrial zones with 6,500 hectares

www.vir.com.vn Dong Nai People’s Committee asked local authorities to provide feedback on the plan to develop three additional industrial zones (IZs) with the total area of 6,475 hectares. Notably, three IZs are the 253-hectare Long Duc 3, 2,627ha Bau Can-Tan Hiep in Long Thanh district, and 3,595ha Xuan Que – Song Nhan in Cam My district. These three IZs in Dong Nai were approved by the prime minister and added to the master plan on developing high-tech IZs through to 2020 with a vision to 2030. colliers.com/en-vn

Colliers News What "low-lying areas" are being hunted by real estate investors? www.soha.vn According to Colliers Vietnam, the fact that investors were interested in real estate in Da Nang did not have basis. Specifically, the fact that land prices in areas such as Ho Chi Minh City and Hanoi have not shown signs of cooling, enabled investors to choose Da Nang - where land prices were considered to be on par with true value since the time of land fever in August 2019. Lending interest rates as well as bank deposit interest rates still tended to continue to decrease plus idle money in the population, leading to a large amount of capital poured into the real estate market. “Following Ho Chi Minh City and Hanoi, Da Nang was the next city oriented to become a special city. This was another factor that attracted investment thanks to the development of a network of infrastructure that would ensure benefits. The pandemic gradually being controlled globally brought an expectation that Da Nang would reopen tourism. That showed that real estate and the economy of this area would recover,” Colliers Vietnam representative emphasized.

What "low-lying areas" are being hunted by real estate investors?

AEON to build $190-mln shopping mall in northern province www.vnexpress.net Japanese retailer AEON has signed a memorandum of understanding with the Bac Ninh Province People's Committee for building a $190-million shopping mall in 2022. Vice chairman of Bac Ninh People’s Committee, Vuong Quoc Tuan, said the province would provide support for the key project to get underway as soon as possible.

AEON mall in Binh Tan District, Ho Chi Minh City

Southern provinces to expand industrial parks www.vietnamnews.vn Provinces in the southern region plan to expand industrial parks (IPs) and continue improving the business climate to lure foreign investment following the containment of the third COVID-19 outbreak. Trần Tuệ Hiền, chairwoman of Bình Phước Province People’s Committee, said it has sought approval from the Government to expand three IPs with an additional area of 2,500ha. It aims to attract 6,000 new businesses, especially in processing, agriculture and supporting industry, over the next five years, she said. Bình Phước has 13 IPs with an area of nearly 4,700ha, and eight industrial clusters with an area of 380ha.

colliers.com/en-vn

Colliers News Retail rushed into the mall after the pandemic www.baodautu.vn According to Colliers Vietnam, the occupancy rate in major shopping centers in Vietnam was still high despite the pandemic. In particular, the report has noted that a series of international brands such as Uniqlo, Fila, H&M, Watsons or Haidilao Hot Pot continued to expand their store system in 2020 with most of the focus on Vincom – currently major shopping centers in Vietnam. The latest information also showed that the Japanese fashion brand - Uniqlo would continue to open a new store at Vincom Phan Van Tri (Ho Chi Minh City) on upcoming April 21, 2021. Colliers also continued to forecast positively that in 2021, occupancy would increase by approximately 1.2% compared to 2020.

Retail rushed into the mall after the pandemic

$2-bln trade surplus in Q1 www.vnexpress.net Vietnam achieved a trade surplus of $2.03 billion in the first quarter of the year with both exports and imports rising sharply.Exports were up 22 percent to $77.34 billion, with foreign companies accounting for three-fourths, according to the General Statistics Office of Vietnam. Exports of industrial products and minerals were worth $70.3 billion, up 23 percent year-on-year.

A container ship at Cat Lai Port in HCMC in October 2015.

Higher development standards to perpetuate investor interest www.vietnamnews.vn Despite a range of newly-established industrial zones being added to the market, many others have been delayed for a long time and are at the verge of being revoked due to the weakness of their developers. Several industrial zones (IZs) across Vietnam stand under-occupied and under-utilised, such as Du Long and Phuoc Nam IZ located in Ninh Thuan province, Cai Lan IZ in Quang Ninh province and Trung Thanh IZ in Thai Nguyen province.

Da Nang’s adjusted planning draws investors’ interest

www.vov.vn Eleven large corporations have registered to study investment in areas under Da Nang’s newly-adjusted planning just after the central city announced information on its adjusted planning by 2030 with vision until 2045 at a ceremony on March 29. Chairman of Imex Pan Pacific (IPP) Group Johnathan Hanh Nguyen said that his corporation has a plan to pour more than US$8 billion in numerous projects in the city, with the highlight being a regional financial centre in Son Tra district.

colliers.com/en-vn

Investment Project 15Ha Bonded Logistic Hub Dinh Vu Deep C I Industrial Zone

Accessibility and Transportation

The Property is strategically in Dinh Vu Deep C I Industrial Zone, which has been developed and operating since 1997, within the Dinh Vu – Cat Hai. Dinh Vu Industrial Zone is in the Dinh Vu peninsula – on the lower river from Haiphong to the sea, on the continental shelf of the Gulf of Tonkin. One of the advantages of the IZ is adjacent to the new Haiphong International Gateway Port (Lach Huyen Deep Sea Port), Cat Bi International Airport, and North Vietnam Coastal Expressway, etc.

INVESTMENT

HIGHLIGHTS

• Clean and clear legal documents, ready for acquisition • Surrounding by fully developed infrastructure and amenties • Modern, well constructed, clean and secure warehouse system for any kind of products, especially heavy product • Strategic location within Dinh Vu – Cat Hai Economic • Zone with many investment incentives (tax, land use fee, etc.) • Local entity set up and held 100% offshore by a International private owner

Colliers Vietnam Deutsches Haus HCMC, 3rd Floor, 33 Le Duan Blvd, Ben Nghe Ward, District 1, HCMC, Vietnam

--------------------------------------------David Jackson CEO | Colliers Vietnam Email: david.jackson@colliers.com Mob: +84 28 3827 5665 Main: +84 8 3827 5665

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