Daily Real Estate News Highlights

Vietnam - 08 February 2023

Top 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.

The recovery of international tourism drives hospitality segment

www.vneconomy.vn

Commenting on the absorbance of future hotel supply, Colliers expert advise that more cautious approach should be taken, especially in the urban hotel segment, because these are properties that are expected to need more time to fully recover.

Dong Nai agrees with HCMC on 3 more bridges

www.tienphong.vn

The 3 new bridges will start from Thu Duc City (so-called Dong Nai 2 bridge), from the South in Nguyen Huu Tho Street and from the provincial road 769D to connect to Long Thanh International Airport.

Ha Nam has new billion-VND industrial park

www.tienphong.vn

The northern province of Ha Nam has got the nod to develop a 100-hectare industrial park, with a total investment of VND977 billion. The facility will encompass Bac Ly, Tran Hung Dao and Chan Ly communes in Ly Nhan District, developed by Hop Tien LLC.

The Fed to raise its interest rate hikes to control inflation www.vtc.vn

The Federal Reserve may increase the scope of its interest rate hikes if the economy remains strong and high inflation persists. If the Fed continues to increase rates, it may impact the interest rates tied to products like credit cards and mortgages.

Vietnam - 09 March 2023

Top 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.

HCMC among 3 others expected to lead the recovery across Asia

www.congthuong.vn

In Vietnam, the hospitality real estate presents great potentials as the country is striving to capitalize on the rebound of travel and leisure needs from both domestic and international tourists post pandemic. Fundamentals of Vietnam hospitality are inherently good, and demand to deploy capital is very strong.

VinaCapital teams up with Japan’s Ryobi in Vietnam investment

www.theinvestor.vn

VinaCapital and Japanese conglomerate Ryobi have signed a deal to form a business alliance to explore investment opportunities in Vietnam. The duo will look at real estate projects, private equity, venture capital, infrastructure, and energy sector.

Proposal to tax double on transaction of the second or more real estate in HCMC

www.tuoitre.vn

To increase non-agricultural land tax not exceed 5 times and PIT not exceed 2 times on transaction of the second or more real estate are the specific mechanism proposed to be piloted in HCMC.

Vinamilk, Sojitz begin work on giant beef processing complex

www.e.vnexpress.net

On Mar 8, construction of a cattle farm and beef processing plant began in Vinh Phuc by a joint venture between dairy giant Vinamilk and Japan’s Sojitz Corp.

Vietnam - 10 March 2023

Top 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

HCMC is expected to be in the top of tourism recovery in Asia

www.thoibaotaichinhvietnam.vn

In Vietnam, the hospitality real estate presents great potential to recover. Morgan Ulaganathan, Head of Asset Services & Hospitality Advisory, Colliers (Vietnam) said: “Major players in the private equity world have been playing a smart bet since the height of Covid and up to this moment. Though interest rates are rising, it will normalize, funds have been raising capital to invest in hospitality assets due to the current favorable valuations before hotel revenues meet their full potential with the recovery.”

Exclusive: Chip equipment maker ASML's suppliers eye Asia plants outside China amid tensions

www.reuters.com

Suppliers to Dutch chip-making machines giant ASML are considering building plants in Vietnam, Malaysia and Singapore instead of China amid political tensions between Beijing and the West.

LG Electronics opens R&D centre in Hanoi

www.vietnamnews.vn

LG Electronics Inc said it would strengthen R&D activities in Vietnam to meet the rapid growth of the electric vehicle parts business. Based in Hanoi, the new centre will focus on software development and in-vehicle testing, including telecommunications, audio, video and navigation equipment.

Hanoi's first golden hotel up for sale

www.e.vnexpress.net

The gold-plated Dolce by Wyndham Hanoi Golden Lake is for sale with a starting price of $250 million. The auction is set for March. Sharing the reason, property owner said his company is short on funding for employee compensation and interest.

Vietnam - 13 March 2023

Top 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.