Daily Real Estate News Highlights

Vietnam - 24 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

Which real estate segment will "attract" the strongest cash flow in the near future?

www.markettimes.vn

Mr. David Jackson - CEO, Colliers (Vietnam) said that the housing market could start to stabilize from mid-2023 onwards. Meanwhile, the office, industrial, and retail real estate segments are forecast to continue growing this year thanks to maintaining good potential and absorption.

A series of hotels in Da Nang up for sale

www.vietnamnet.vn

Under financial pressure, many hotels in Da Nang are quietly for sale before the peak tourist season; some of which are 4-5 star assets costing trillion VND. This shows that hospitality businesses are facing revenue difficulties and need to sell quickly to pay bank debts.

Binh Duong wants to invest two infrastructure projects to HCMC costing 5,300 billion VND www.baogiaothong.vn

On March 23, Binh Duong Department of Transport said that they are completing documents to unify the implementation of 2 projects for building Song Than intersection & upgrading An Binh road connecting HCMC, with a total cost of more than 5,300 billion VND to reduce traffic jams, increase traffic capacity.

Considerations in compensating owners for old apartments

www.plo.vn

One of the reasons why people refuse to relocate is because of problems related to the compensation unit price. In case the investor of the old apartment project cannot be selected, the State will directly carry out the renovation and reconstruction.

Vietnam - 27 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.

M&A - a "livesaver" for real estate businesses

www.thegioitiepthi.danviet.vn

Some businesses have accepted to sell off part of their assets, especially land funds in key areas like HCMC, in order to save cash flow. Mr. David Jackson - CEO of Colliers Vietnam emphasized that for domestic enterprises, M&A is considered a 'lifesaver' to ensure access to stable cash flow for maintaining project development when capital cannot be cleared promptly.

SMFG Adds to Buying Spree with $1.5 Billion VPBank Stake

www.bloomberg.com

Vietnam Prosperity JSC Bank sold a 15% stake to Japan’s Sumitomo Mitsui Financial Group Inc. for about $1.5 billion, marking the end of a years-long sale process.

Vietnam to grant 3-month e-visas for foreign tourists to boost tourism

www.e.vnexpress.net

The government announced it will propose the National Assembly to prolong the duration of e-visas granted to foreigners entering Vietnam from 30 days to a maximum of three months to boost tourism recovery.

Thailand enterprises crave the retail sector

www.nhipcaudautu.vn

There are many factors that are pushing Thai investors to pour capital into Vietnam's retail market faster. The newly announced investment of US$1.45 billion from Central Retail Corporation (CRC) has attracted much attention from the retail market in Vietnam, which is the largest investment amount ever.

Ha Noi to have 5-10 new industrial clusters this year

www.dantri.com.vn

According to the plan on management, investment and development of industrial clusters, Hanoi City strives to establish and expand 5-10 industrial clusters in 2023.