Monthly Real Estate News | May 2020 by Vietnam Realty

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VIETNAM MONTHLY REAL ESTATE NEWS - May 2020 -

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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 - 04 May 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.

Vietnam’s capital city licensed 235 new FDI projects in first four months

Vietnam News Up to 235 new foreign-invested projects licensed in Vietnam’s capital city of Hanoi in the first four months of 2020. During the period, foreign investors pledged an additional US$365 million to 35 existing projects in the city, while their capital contributions and share purchases reached US$293 million.

Vietnam’s capital city licensed 235 new FDI projects in first four months

Vietnam Economic News With its advantageous geographic location, Long An Province, part of Vietnam’s Southern Key Economic Zone, has become an investment magnet. People’s Council Chairman and Party Committee Secretary Pham Van Ranh has urged sectors and departments in the province to make further efforts.

Long Hau Industrial Park

Long An Province on track to draw additional investment-

Building material sector to benefit from speeding up disbursement of public investment

Vietnam News The building material sector would be among the first to benefit from the Government’s efforts to speed up disbursement of public investment, which was identified as a growth driver as the COVID-19 pandemic cast a shadow on the economy. According to analysts of VNDirect Securities, major growth drivers were slowing down. Specifically, exports were under pressure as global demand dropped and FDI also saw significant decline in registered capital (down by 20.9 per cent to US$8.6 billion in the first quarter). “COVID-19 entirely changed the macro-economic landscape. We believe that public investment will play a very important role in accelerating economic growth this year as other drivers slow down,” VNDirect Securities wrote.

Haul of items surpass US$1 bln export value mark over 4 months

The Voice Of Vietnam While the novel coronavirus has exerted a negative impact on the world economy, Vietnam has maintained a trade surplus over four months, with 15 items enjoying export turnover of over US$1 billion each, making up 80% of total export value, according to the Ministry of Industry and Trade. Phones and components recorded the highest level of export turnover with US$16.2 billion, a 1.1% rise on-year, while electronics, computers and components posted a surge of 28.6% to US$12.4 billion.

HCMC’s 'city within city' lacks precedent, legal framework

VnExpress A HCMC master plan to build an “innovative urban area” en route to becoming a smart city looks likely to remain on paper. This area, in the making since 2017, would combine three of the southern metropolis’s eastern districts into one innovative hub. City authorities had said then that the plan would generate a bright future for both local residents and businesses. It would encompass the hi-tech park in District 9, the university precinct in Thu Duc District and the new urban area and financial center on the Thu Thiem Peninsula in District 2. But the Construction Ministry has thrown a spanner into the works, saying there is no precedent in the country to establish "a city inside a city" by combining three districts. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 05 May 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.

Trung Nam Group to set 16 wind turbines in service in Ninh Thuan

Vietnam Investment Review 6 wind turbines are expected to be launched soon in the south-central province of Ninh Thuan as part of a $600 million solar and wind farm complex invested by Trung nam Group. So far, Ninh Thuan has approved Trung Nam Group will launch the 13 wind power projects with a designed capacity of 680MW and has second phase of its wind project in already put three into operation. Ninh Thuan

HCM City kicks off major traffic projects to ease congestion

Vietnam Plus Ho Chi Minh City has kicked off 13 major traffic projects with total investment of 3.5 trillion VND (149.12 million USD), according to the city’s Management Board for Traffic Works Construction and Investment. They include the six-lane 124m-long My Thuy 3 bridge project in District 2 (under the My Thuy intersection project which has total investment of 2 An aerial view of the Chu Lai Open Economic Zone in Quang Nam trillion VND). It is expected to ease congestion near Cat Lai Port in District province 2.

Supporting industries take advantage of crisis opportunities

Vietnam Economic News Even as Vietnamese enterprises are facing sharp revenue declines amid the Covid-19 epidemic, supporting industry enterprises are taking advantage of opportunities that lie in these difficult times to increase sales revenues due to increased orders. Export and import constraints have helped many supporting industry enterprises divert consumption to the domestic market, capitalizing on their advantages in terms of shorter transaction times and reduced transportation costs.

CapitaLand and Thien Duc hand over Feliz en Vista apartments to homebuyers

Vietnam Investment Review CapitaLand Vietnam, together with Thien Duc Trading-Construction Co., Ltd., has commenced the handover of apartments at Feliz en Vista. Located in Thanh My Loi ward, District 2 of Ho Chi Minh City, Feliz en Vista has three residential towers – Altaz, Berdaz, and Cruz – and one serviced residence tower. The apartments are scheduled to be handed over in phases, with the first phase comprising of apartments in Berdaz and Cruz Towers. The entire project offers 973 residential units and the serviced residence, Somerset Feliz Ho Chi Minh City, will comprise of 154 serviced apartments managed by The Ascott Limited, CapitaLand's lodging business unit.

Disbursement of VND410 billion for Trung Luong-My Thuan Expressway project stalled

The Saigon Times Prime Minister Nguyen Xuan Phuc has urged the provincial government of Tien Giang to speed up capital disbursement for the Trung Luong-My Thuan Expressway project, for which VND410 billion of State capital has still not been disbursed. The project requires a total investment of nearly VND12.7 trillion, including State capital of VND2.186 trillion, with the rest coming from the investor’s equity and bank loans.

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Daily Real Estate News Highlights Vietnam - 06 May 2020

HCMC moves closer to smart city model

The Saigon Times HCMC is moving toward becoming a smart city, the city’s chairman Nguyen Thanh Phong told Nguoi Lao Dong newspaper on the sidelines of a meeting on May 5. Phong noted that the smart city model is an initiative that the city has been working out for the past two years, with significant An aerial view of downtown HCMC successes recorded in the first phase, which runs from 2017 until the end of 2020.

Việt Nam’s economy could thrive again after social distancing eased, says WB

Vietnam News Viet Nam’s economy may prosper again after social distancing measures were eased nationwide on April 23, according to the World Bank (WB)’s updated report on the country’s macro-economy for May released this week. The bank noted that after posting GDP growth of 3.8 per cent in the first quarter of this year, Viet Nam’s economy then showed signs of recession in April, when the index of industrial production fell 13.3 per cent month-on-month – the sharpest decline ever.

Customers at Sài Gòn Co-op supermarket in HCM City. The country's economy is expected to prosper again after social distancing measures were eased nationwide on April 23

Online trade connection to be enhanced to promote post-pandemic exports

Vietnam News Online trade connections between Vietnamese firms and import partners were being increased together with trade promotion activities to accelerate post-pandemic export, Deputy Minister of Industry and Trade Do Thang Hai said. Viet Nam’s trade slumped in April because of COVID-19 after posting positive growth in the first three months of this year. Statistics showed Viet Nam’s export revenue last month dropped by 18.4 per cent against March to US$197 billion, a 3.5 per cent decrease over the same period last year.

After having winter sleep in a quarter due to Covid-19, real estate firms are going to launch products Dat Viet Data from the Business Registration Administration showed that the number of dissolved real estate enterprises in the first quarter increased to 69% due to the Covid-19 epidemic. Therefore, when the disease gradually got well controlled, many businesses have restarted their business programs to find opportunities in the new period. Most recently, Novaland Group officially introduces Deluxe Green House model house (from May 3 to May 9), located in Aqua City with an area of nearly 1,000 hectares in the east of Ho Chi Minh City.

Dong Nai has a lot of big size projects

The Saigon Times The synchronous infrastructure and well-planned large land fund have been creating momentum for the Dong Nai real estate market to explode with a series of large-scale projects in 2020. Adjacent to Ho Chi Minh City - the largest urban area in the country, Dong Nai is a locality with many national key roads connecting Southeast, South Central, South Central Highlands.

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 - 07 May 2020

Insider’s view: Real estate M&A in Vietnam may not be as gloomy as some are saying

Vietnam Insider Interest in Vietnamese real estate assets has not diminished, but deals are difficult to come by given the economic uncertainties. COVID-19 is making its impact felt across all markets in Asia. For the real estate market, Real estate M&A in Vietnam may investors are still digesting the implications of the outbreak and how it not be as gloomy as some are will affect real estate assets in the long term. saying

Many fees slashed to support businesses post-pandemic

Vietnam News The Ministry of Finance has slashed administration fees in numerous sectors to help the economy get back on its feet when the COVID-19 pandemic eases. Construction companies, travel firms, banks and credit institutions as well as water resource businesses will all be given a helping hand. Reductions range from 20 to 50 per cent and took effect from May EcoHome housing project under 5. They will remain in play until the end of the year. construction in Hanoi

HCM City proposes development of Ben Thanh-Tan Kien metro line No. 3A

The Voice of Vietnam The Ho Chi Minh City People's Committee has issued a document requesting the Ministry of Planning and Investment consider proposals relating to the construction of the Ben Thanh-Tan Kien metro line No. 3A as part of the Ho Chi Minh City Urban Railway Construction Project, with plans set to be submitted to the Prime Minister for consideration and approval. The metro line under discussion is one of the arterial railway lines which is of great significance to the overall establishment and construction of a public transport system in the southern city.

Vietnam offers tremendous investment opportunities: VinaCapital

The Voice Of Vietnam Consumer goods, health care, energy, construction materials, infrastructure, and technology are among the sectors with enormous potential for investment in Vietnam once the COVID-19 pandemic subsides, an expert has said. Don Lam, co-founder and CEO of fund management company VinaCapital, recently spoke to a group of Republic of Korean investors through video conferencing about Vietnam’s efforts to manage the outbreak, how the pandemic would affect the economy and investment opportunities now and post-pandemic. “We have always preferred those sectors that are benefiting from Vietnam’s domestic consumption, which is driven by several factors including urbanisation, young demographics, better jobs and high incomes, and a growing middle class.”

Foreign homeowner levels refuse to budge

Vietnam Investment Review With few foreigners yet to register for ownership of properties in Vietnam, there have been calls to significantly raise the ownership cap to entice more overseas buyers. Despite the country now being home to more than 80,000 foreigners, fewer than 1,000 have processed ownership with local authorities, with some hurdles remaining in the way of foreigners owning their dream home in Vietnam.

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Daily Real Estate News Highlights

Vietnam - 08 May 2020

Vietnam Airlines to resume all domestic flights next month

VnExpress Flag carrier Vietnam Airlines will resume all domestic flights in June after grounding most of them for more than a month. The airline said in a statement that it was currently operating 17 flights a day between Hanoi and Ho Chi Minh City, and in the second half of this month it will increase this to 23.

3 reasons to believe that the real estate market is going to recover soon

Dau Tu Bat Dong San Ms. Nhu Khuong, Market Research Department at Colliers Vietnam, says that the Vietnam’s real estate market was still an ideal destination for foreign investors and Covid-19 only slowed down the investment process. For the last 3 years, foreign direct investment into Vietnam always recorded over USD 35 billion USD.

Pandemic recovery public investment must be monitored, says committee

A Vietnam Airlines aircraft seen at the Noi Bai International Airport in Hanoi

3 reasons to believe that the real estate market is going to recover soon

Viet Nam News As Viet Nam employs unprecedented measures to recover from the economic ravages of the COVID-19 pandemic with hastened disbursement of public investment, supervision must be enhanced to prevent profiteering, politicians have warned. This was highlighted in the report of the National Assembly (NA) Economic Committee sent to the NA Standing Committee to prepare for its 45th meeting that begins today. The economic report revealed the total value of support packages for production, business and social welfare was estimated at VNĐ600 trillion (US$25.8 billion).

Vietnam 12th strongest economy amid Covid-19 fallout

VnExpress Vietnam is the 12th strongest financially out of 66 emerging economies following the devastation caused by the Covid-19 pandemic, according to The Economist newspaper. In Southeast Asia, it is behind only the Philippines (6th) and Thailand (7th) in a global ranking compiled by the British publication of 66 countries and territories based on four indicators: public debt, foreign debt, cost of borrowing, and reserve cover. The Vietnamese economy is relatively strong and stable in all four and is among the least affected by the Covid-19 crisis, the report said. Vietnam’s public debt stood at 56.1 percent of GDP last year and is set to reduce to 54.3 percent this year, the Ministry of Finance said in a budget report to the National Assembly.

Gaw NP Industrial pushes for 2021 operation date

Vietnam Investment Review Gaw NP Industrial, the latest development in Vietnam funded by global real estate private equity firm Gaw Capital Partners, is actively pushing its investment process in order to be operational in the first quarter of 2021. Talking to VIR, Vo Sy Nhan, co-founder and managing director of Gaw NP Industrial, said that after more than a year in the Vietnamese market, Gaw NP is now on the right track. “We are completing the project investment procedure for the first project in a northern province and we expect to put this into operation in the first quarter of 2021. Other projects in the southern region are still in progress,” Nhan said. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 11 May 2020

Vietnam set to welcome dual investment flows following COVID-19

The Voice of Vietnam Despite foreign direct investment (FDI) shown signs of a slowdown as a result of the negative impact of the novel coronavirus (COVID-19), experts believe that the nation will be able to welcome an array of fresh dual investment after the pandemic. According to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA), the country attracted US$12.33 billion in FDI in the first four months of 2020, an annual fall of 15.5% due to the impact of the COVID-19 pandemic.

Singapore, Thailand, Japan, the Republic of Korea and China are leading FDI investors in Vietnam during the first 4 months of 2020

Quang Tri eyes US$86 million logistics centre

The Voice of Vietnam The People's Committee of Quang Tri province has approved in principle for Dong Nam ICD JSC to develop a logistics centre, expected to cost more than VND2 trillion (US$86 million), in the East South Quang Tri Economic Zone. The 72ha centre is slated for completion in 2025.

Vietnam’s Covid-19 response could spur production shift from China

Quang Tri eyes US$86 million logistics centre

VnExpress Vietnam's Covid-19 record could make it an attractive investment destination as economies seek to make their supply chains less dependent on China. Despite a population of over 96 million and sharing a land border with China, Vietnam has recorded only 288 Covid-19 cases so far and zero deaths. Meanwhile, China, where the disease was first reported last year, has recorded nearly 83,000 cases and more than 4,600 deaths. Vietnam's highly effective containment of the Covid-19 pandemic will prove to be an advantage for the country's investment environment, helping economic recovery and placing the country in a new position on the global stage.

Social housing development important to driving market out of difficulties

Vietnam Investment Review Social housing could be the solution to driving the real estate market out of this difficult time caused by the COVID-19 pandemic, according to the Ministry of Construction. Director of the ministry’s Housing and Real Estate Market Management Department Nguyen Trong Ninh said the pandemic had revealed limitations in the real estate market. Ninh said the market was suffering from the impacts of COVID-19, and around 80 per cent of brokerage companies had closed. The number of new firms operating in the real estate sector had dropped by 11.9 per cent, while the number of firms that had halted operations in the first quarter was up 94.1 per cent on-year.

State should control corporate bond issuance of property firms: MoC

Bizhub he Ministry of Construction (MoC) has asked the Prime Minister to strictly control corporate bond issuances made by real estate enterprises, especially small and medium enterprises, to reduce risks. According to the ministry, real estate businesses were issuing corporate bonds to raise capital due to difficulties accessing loans from banks. The State Bank of Viet Nam has issued policies to restrict loans for the property sector, aiming to reduce bad debts in the sector. 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 - 12 May 2020

Vietnam’s Vingroup purchases DeepView 24 submarine for resort in Nha Trang

Tuoi Tre News Vietnamese conglomerate Vingroup has confirmed its purchase of the Triton DeepView 24 submarine and is expected to add it to the list of tourist activities at its resort in the south-central beach city of Nha Trang by the end of this year.

Mobile money pilot project submitted to PM for approval

Viet Nam News A mobile money pilot project has been submitted to the Prime Minister for approval, marking a bold step for the development of payments using telecommunication accounts in Viet Nam, Governor of the State Bank of Viet Nam Lê Minh Hung said at the dialogue between the PM and the business community on Saturday.

Hà Nội implements six solutions to improve PCI ranking VnExplorer

The Triton DeepView 24 which Vietnamese conglomerate Vingroup has purchased from Triton Submarines Company

The mobile money pilot project has been submitted to the Prime Minister for approval

Hà Noi is implementing six solutions to improve the city’s ranking in the Provincial Competitiveness Index (PCI) in 2020 and maintain its position among the top ten localities in the country. The capital city was ranked ninth among 63 localities in the latest PCI rankings (for 2019) announced recently by the Vietnam Chamber of Commerce and Industry (VCCI). The reading improved 3.4 points from the previous year. Breaking down the 2019 index, Hà Noi has three component indexes among the 10 highest in the country, which are business support services, labour training policies and market entry. Online shopping is on the rise in HCM City

Viet Nam News The e-commerce market in HCM City has developed significantly, with total online spending growth up by more than 12 per cent annually since 2015, according to the city Department of Industry and Trade’s report on e-commerce development. Pham Thành Kiên, the department’s director, said enterprises in the city had enhanced digital transformation and promoted online sales. E-commerce platforms have become important sales channels for businesses.

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. Other fields in focus are agricultural processing, infrastructure development of economic and industrial zones and non-tariff areas, processing and manufacturing, supporting industries, real estate, as well as tourism, healthcare, education-training and others in value chains in Southeast Asia and Asia-Pacific.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 13 May 2020

Industrial zone developers reap profits despite pandemic

The Saigon TImes While many businesses in various fields have been hit hard by the coronavirus pandemic, industrial zone developers in Vietnam have been flourishing. This sector is expected to maintain its growth as the country is seen as an attractive investment destination, especially after the Covid-19 crisis is over.

A view of Tan Thuan Export Processing Zone in HCMC’s District 7

Viet Nam News Banks in Bac Ninh Province are offering reduced interest rate loans to businesses to help them during the COVID-19 pandemic. Nguyen Huong Giang, chairwoman of Bac Ninh People's Committee, said the support is crucial to ensure companies stay afloat during these troubled times. Financial institutes have also sped up the reform of administrative procedures to reduce the time it takes to review loan applications.

A customer at the Vietcombank's branch in Bac Ninh

Bắc Ninh banks offer support to keep businesses afloat

South Korean group proposes $150 million technopark in Dong Nai

Vietnam Investment Review Vietnam-Korea Techno Park has proposed investing $150 million in a technopark in Dong Nai to lure in $2-3 billion of high-tech investment in about six-nine years of operation. Vietnam-Korea Techno Park proposed to the Dong Nai provincial government to build a 300-hectare industrial park. The project will be developed in three stages with $150 million in total investment and is expected to lure $2-3 billion of investment within six-nine years of operation. This is the first technopark to be built by Vietnamese-Korean co-operation in the country.

COVID-19 prevention efforts boost profile of Vietnam among investors

The Voice of Vietnam With Vietnam often cited by various international media outlets as a successful example of how to contain the spread of the novel coronavirus (COVID-19) and adapt to a new normal, the nation is rapidly being viewed as a reliable location for investors, thereby serving to aid the process of restoring post-epidemic production. This comes after Globalnews.ca quoted advisers from a number of foreign corporations who believe the country’s success in fighting the COVID-19 has helped improve reliability for foreign investors.

State Bank of Vietnam to cut policy rates from Wednesday to boost growth

Vietnam Insider The Vietnam’s Central Bank announced a reduction in its policy rates, making a second cut in less than two months to help the economy weather the impact of the coronavirus pandemic. With just 288 infections and no deaths, the Southeast Asian nation has seen no community infections for nearly a month, putting it on course to resume economic activity sooner than most others in the region. The refinancing rate will be cut to 4.5% from 5% and the discount rate to 3% from 3.5%, effective Wednesday, the central bank said in a statement. The rate cut is part of the government’s efforts to “help businesses to overcome difficulties and ensure social security amid the COVID-19 pandemic,” the central bank said in a statement posted on its website on Tuesday.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 14 May 2020

Positive market signs emerge for Vietnam’s grand reopening

Vietnam Investment Review Instead of adopting the age-old “sell in May and go away” strategy, and focusing on months with traditionally stronger market growth, investors now could be more bullish about a stock rally, buoyed by optimism about Traders are advised to stay cautious a gradual reopening of businesses. instead of following traditional

Initial results of CPTPP implementation in Vietnam surpass expectations

market moves in May

Vietnam Economic News Since it took effect in Vietnam just over a year ago, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has created both pressures and opportunities for domestic businesses and sectors. In an official report to the National Assembly regarding the CPTPP’s impact on the Vietnamese economy, the government forecast a Initial results of CPTPP 4.04 percent increase in exports to CPTPP markets from now until 2035, implementation in Vietnam surpass expectations meaning an annual increase of about US$700 million.

National production capacity of fabric key to optimising EVFTA benefits

The Voice of Vietnam Making the most of benefits from the Vietnam-EU Free Trade Agreement (EVFTA) is largely dependent on the country’s production capacity of fabric over the next two years, according to SSI Securities. The Vietnamese National Assembly is expected to ratify the EVFTA in May followed by the trade pact coming into force sometime in July. Currently, most of Vietnamese garment items enjoy a preferential tax rate of 9% under the Generalized System of Preferences (GSP). However, they are not subject to tax cuts as soon as the EVFTA takes effect, as the trade pact has applied a fundamental tax rate of 12% in line with the Most Favored Nation (MFN) tariffs.

Danang seeks ways to stimulate tourism

The Saigon Times As localities are stimulating domestic tourism under the recent direction of the prime minister, tourism businesses in the central city of Danang have proposed pricing promotions and updated tourist attractions to solicit guests this summer. This information was unveiled at a meeting on May 12, on ways that tourism businesses and authorities can stimulate tourism in the post-Covid-19 world. The Tourism Department should ask the municipal People’s Council to offer free entry to tourist sites such as Marble Mounts and Champa Museum as well as visa fee exemptions, suggested Cao Tri Dung, chairman of the Danang Tourism Association.

HCM City steps up rooftop solar power development

Vietnam Investment Review Vietnam Electricity Ho Chi Minh City (EVN HCMC) on May 12 signed a memorandum of understanding on solar power development with the Bach Khoa Investment and Development of Solar Energy Corporation, the Vietnam Ecological Solutions JSC and the TTC Energy JSC. Accordingly, EVN HCMC will partner with those providers to encourage the public to use green and clean energy at preferential costs. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 15 May 2020

HCMC to launch tender for Thu Thiem 4 Bridge

The Saigon Times The government of HCMC has asked the Department of Planning and Investment to map out a plan for launching a tender to choose an investor for the Thu Thiem 4 Bridge project, under the public-private partnership format, Tuoi Tre newspaper reported.

Facebook and YouTube facing extra regulations for Vietnam

Some workers at a construction site in Thu Thiem Peninsula in District 2

Vietnam Investment Review Major social network sites such as Facebook and YouTube face even stricter controls in Vietnam if a draft decree amendment on internet management gets approval, adding to the pressures for the popular sites to wipe out fake news and adhere to tax obligations.

Industrial park developers immune to Covid-19

Facebook and YouTube facing extra

Viet Nam News regulations for Vietnam Industrial park infrastructure development companies continue to do well amid the Covid-19 pandemic, and the industrial property sector is expected to thrive since Viet Nam is considered among the most attractive investment destinations post-pandemic. Long Hau Corporation, which owns Long Hau Industrial Park in Long An, reported an increase in both revenues and profits in the first quarter. Net revenue was VNĐ206.4 billion ($8.9 million), up 19.7 per cent year-on-year, and gross profit was more than VNĐ93.6 billion ($4.02 million), up 20.6 per cent.

Bac Lieu attracts lion’s share of FDI capital in first four months

Vietnam Investment Review The southern province of Bac Lieu topped the country in attracting foreign investment in the first four months of 2020 with a single project worth 4 billion USD producing electricity from LNG, the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) has reported. The 3,200MW plant, invested by Singapore’s Delta Offshore Energy Pte.Ltd, will have four turbines of 750MW each and one with a capacity of 200MW, the former to go on stream at the end of 2023 and the latter in 2027.It is expected to create thousands of jobs and contribute more than 3 trillion VND (129.6 million USD) a year to the State budget. Bac Lieu was followed by the southern province of Ba Ria-Vung Tau, with 1.9 billion USD and Ho Chi Minh City, with 1.31 billion USD.

Singapore becomes biggest investor in Vietnam during Jan-April

Vietnam Investment Review Singapore rose to become the biggest foreign investor in Vietnam in the first four months of 2020 with 5.07 billion USD, accounting for 41 percent of the total. It was followed by Thailand and Japan, with 1.46 billion USD and 1.16 billion USD, respectively, according the Ministry of Planning and Investment’s Foreign Investment Agency (FIA). Foreign investors poured 12.33 billion USD in total into Vietnam during January-April, a year-on-year decrease of 15.5 percent due to the impact of the COVID-19 pandemic. The period saw 984 new foreign-invested projects licensed with a total registered capital of 6.78 billion USD, down 9.1 percent in term of number of projects but up 26.9 percent in value year-on-year. colliers.com/vietnam

BAU BANG DEVELOPMENT LAND Bau Bang IP, Binh Duong Province

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

Site Plan

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

INVESTMENT

HIGHLIGHTS

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

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

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

Accelerating success.

Daily Real Estate News Highlights

Vietnam - 18 May 2020

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

Inflation forecast to increase, investment funds bet on gold

The Saigon Times Despite falling oil prices, consumer spending collapsing, some senior investors are still worried about rising inflation and that's why they're pouring money on gold to preserve asset value. Central banks around the world are rushing to launch bond buying programs. Governments are racing to deploy giant stimulus packages.

Hundreds of Vietnamese citizens stranded in US, Europe flying home

Inflation forecast to increase, investment funds bet on gold

Vietnam Insider A Vietnam Airlines flight carrying nearly 200 citizens from Europe landed at the Da Nang International Airport in central Vietnam Saturday. Passengers included students under the age of 18, seniors, tourists whose visas had expired, and workers who had lost their jobs. Amid travel restrictions Hundreds of Vietnamese citizens to contain the spread of the Covid-19 crisis, European countries have stranded in US, Europe flying home restricted transportation. The Vietnam Airlines flight was arranged to land at Frankfurt International Airport in Germany and the Madrid Barajas International Airport in Spain to take on as many Vietnamese citizens as possible, Vietnamâ&#x20AC;&#x2122;s Foreign Ministry said in a statement.

Higher workforce quality needed to seize on EVFTA opportunities

The Voice of Vietnam Whilst the EU-Vietnam Free Trade Agreement (EVFTA) is anticipated to offer a wealth of opportunities through an expansion of export markets and greater job creation, the quality of human resources must improve in order to meet stringent requirements regarding the overall quality of goods and services, insiders state. According to a study conducted by the Ministry of Planning and Investment, the EVFTA is poised to create an additional 146,000 jobs each year, with the majority focusing on labour-intensive industries that enjoy high export rates to the EU, including garment and textiles, leather and footwear, and aviation transport.

PetroVietnam proposal to stop importing petroleum refused

Vietnam Investment Review The proposal to either stop or suspend petroleum imports lodged by PetroVietnam was refused as it would impact petroleum importers as well as violate Vietnam's free trade agreement and WTO commitments. In a working session with PetroVietnam on May 15, Deputy Minister of Industry and Trade Do Thang Hai said that the ministry carefully considered the corporation's proposal to stop importing petroleum in the context of the large volume of unsold local inventory. However, according to Hai, PetroVietnam is not the only victim of the COVID-19 pandemic, a huge number of enterprises in other sectors are also suffering damages.

Singapore state investment fund joins Libra virtual currency project

The Saigon Times Singapore's state-owned Temasek investment fund officially joined the Libra Association, an organization founded by social networking company Facebook to distribute Libra virtual currency based on blockchain technology, allowing users to transfer money and make fast payments worldwide with low cost.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 19 May 2020

Tourists back in Vietnam’s Ha Long Bay

Vietnam Insider Vietnamese flocked to scenic spots and beaches Saturday (May 16), leaping at the chance to travel as the communist government eases restrictions on domestic movement to revive a tourism sector devastated by the coronavirus. Hundreds waited to get on tourist boats to visit the famed Tourists back in Vietnam’s Ha Long karsts of the UNESCO heritage site of Ha Long Bay with few following Bay social distancing norms.

Long An 1 and 2 thermal power plants to switch to LNG model

Vietnam Investment Review Long An 1 and 2 thermal power plants located in Long An power centre are looking for the approval to switch from coal to liquefied natural gas (LNG) in order to decrease their environmental impact. At a recent working session with the Minister of Industry and Trade, Le Minh Duc – director of Long An Department of Industry and Trade – reported that the province proposed changing the technology of the two thermal power plants while simultaneously adjusting the scale of these projects.

Long An 1 & 2 thermal power plants are proposing to switch to LNG

Vietnam has second fastest 4G download speed in Southeast Asia The Voice Of Vietnam Vietnam ranks 41st among 100 economies in terms of 4G download speed of mobile data and second behind Singapore in Southeast Asia. A report released this week by OpenSignal, a British company which measures mobile user experience globally, says Vietnam’s 4G average download speed clocked at 20.6 Mbps, faster than the rest of Southeast Asian countries. Singapore has the fastest download speed of mobile data in Southeast Asia and sixth globally at 47.5 Mbps. Mobile money: moving closer to official deployment

Vietnam Investment Review After years of delay, mobile money – a technology that allows people to receive, store, and spend money using a mobile phone – is highly likely to be pressed into service from the middle of this year in Vietnam, entailing the opportunities to promote non-cash payment among the more than 50 per cent Vietnamese population who are unbanked. According to Minister of Information and Communications Nguyen Manh Hung, despite being somewhat late, the new service would get the green light for deployment from next month (June) and telecom service providers who get the go-ahead need to carefully prepare both their plans and associated material bases to ensure fast implementation.

Consumers optimistic amid COVID-19

Vietnam Investment Review Vietnamese consumers are some of the most optimistic, among Asian countries surveyed, that their country will weather the challenges of the COVID-19, according to a McKinsey’s mid-April consumer survey. The survey questioned 618 consumers in Vietnam on their consumption behaviour shifts during the COVID-19 crisis. The findings show that only 4 percent of Vietnamese consumers surveyed believe the pandemic will have a long-lasting impact on the economy and create a lengthy recession. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 20 May 2020

Thu Thiem 2 Bridge technical opening expected by end-2020

The Saigon Times The technical opening of Thu Thiem 2 Bridge, which spans the Saigon River and connects HCMC’s District 1 with Thu Thiem Peninsula in District 2, are scheduled for the end of this year. The VND3.082 trillion project was funded by Dai Quang Minh Corporation under the build-transfer format.

Employees work on the main section of Thu Thiem 2 Bridge, which is slated for technical opening by the end of this year

ACV to invest in new terminal at Tan Son Nhat International Airport

The Voice of Vietnam Prime Minister Nguyen Xuan Phuc on May 19 granted approval for an investment project involving the new Passenger Terminal 3 at Tan Son Nhat International Airport, assigning the Airports Corporation of Vietnam (ACV) as the project’s main investor in the process. The project has an overall investment capital of approximately VND10,990 billion and is expected to be completed within the next 37 months.

ACV invests in new terminal at Tan Son Nhat International Airport

First Vietnamese company authorised to hold online auction

Vietnam Investment Review According to Decision No.112/QD-STP of the Department of Justice promulgated on May 12, No.5 National Auction Partnershipsis eligible to be the first company nationwide which is allowed to conduct online auctions under the Law on Property Auction 2016. Quan Van Minh, general director of the company, said that the scheme will meet the demand of developing new norms, catching up with global trends, and preventing violations of the auction law.

Vinhomes to raise $500 mln through bonds

VnExpress Vinhomes, a subsidiary of Vietnam’s largest listed company Vingroup, plans to make a VND12 trillion ($519 million) bond issuance this year. To be done in installments of VND5.5 trillion ($238 million) and the second VND6.5 trillion ($281 million), the 18-month bonds will carry a combination of fixed and floating interest rates though the company has not disclosed the rates. Vinhomes was the most profitable listed company in the first quarter after profits rose 2.8 times year-on-year to VND7.6 trillion ($329 million).

Construction of giant industrial park begins in Long An Province

Bizhub TIZCO Joint Stock Company and Viet Nam Innovation Parks Management Corporation broke ground on Sunday (May 17) for the 1,800ha Viet Phat Industrial Park in Long An Province, one of the largest IPs in the country. Situated in Thu Thua District’s Tan Long Commune, the IP will have an advantageous position in the Southern Key Economic Region, with convenient road and waterway transportation links with HCM City and other localities in the south. Le Thanh, chairman and general director of TIZCO Joint Stock Company, said there would be a 1,200ha industrial park and a 600ha urban area. All the land has been acquired and cleared, he said.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 21 May 2020

Economic recovery: Strong solutions needed to seize opportunities Tuoi Tre Talking with Tuoi Tre reporters before the opening of the session, the National Assembly deputies said that we can forecast great opportunities, but they often do not last long so strong solutions are needed to seize and overcome difficulties.

Mebiphar Pharmaceutical and Medical Biological Joint Stock Colliers International publishes Q1 Real Estate Market Company (Tan Phu District, Ho Chi Research Report Minh City) increased the number of shifts and workers 3 times more Viet Daily

Colliers International in Vietnam has just released their Vietnam Quarterly Knowledge Report Q1 2020. The report highlights the national to regional economies of three major cities of Hanoi, Da Nang and Ho Chi Minh City. It also briefly introduces national economic indicators such as GDP, CPI, FDI, Retail Sales and Trade Balance, and focuses on the market insights of each real estate sector.

Over 1,000 projects to call for investment at 2nd Industrial Colliers International publishes Q1 Real Estate Market Research Report Real Estate Forum Vietnam Investment Review More than 1,000 projects will call for investment at the second Vietnam Industrial Real Estate Forum scheduled for June 19 in Hanoi. The forum will be jointly held by the Vietnam National Real Estate Association, the Central Institute for Economic Management and the Entrepreneur Magazine under the theme of “Golden Opportunities in New Era”. It is expected to share information and put forward solutions helping investors grasp golden opportunities of Vietnam’s industrial real estate market in the 2020-2022 period.

Vietnam-EU trade pact could boost post pandemic recovery

VnExpress The trade pact with E.U. could help the Vietnamese economy recover from pandemic impacts by boosting trade and creating jobs, the government says. It made the observation Wednesday while submitting the EU-Vietnam Free Trade Agreement (EVFTA) to the National Assembly for ratification. Lawmakers will discuss the trade pact starting Wednesday and vote on it on May 28. Industry and Trade Minister Tran Tuan Anh said that the EVFTA is an opportunity for businesses to recover production with new supply chains to replace old ones disrupted by the pandemic.

WB proposes three ways to accelerate egovernment reforms

The Saigon Times World Bank Country Director for Vietnam Ousmane Dione proposed three ways for the business community and the Government to boost egovernment and digitalization at a conference in Hanoi on May 19, according to the Government’s news site. Addressing the conference on “Introduction of the national public service portal and benefits for enterprises,” Dione said the Covid-19 pandemic has caused unprecedented disruptions to socioeconomic development in Vietnam and around the world. He spoke highly of Vietnam’s success in containing the pandemic and stressed that besides effective public health measures, the country’s digitalization of public services has contributed significantly to fighting Covid-19. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 22 May 2020

Will ‘Made in Vietnam’ replace ‘Made in China’?

Vietnam Insider Now that Vietnam appears to have won its health war against Covid-19 after recording zero deaths and winning international praise for its crisis management, speculation is rising the nation could also be an economic winner of the pandemic.

Panasonic will move its Thai-based production to Vietnam next year

Will ‘Made in Vietnam’ replace ‘Made in China’?

Vietnam Insider Japanese appliance-maker Panasonic on Thursday (May 21) said that next year it will move its Thai-based production of refrigerators and washing machines to Vietnam, laying off some 800 workers. “Panasonic will reorganize its white goods production sites in Southeast Asia, and transfer the production of washing machines and refrigerators in Thailand Panasonic will move its Thai-based to Vietnam,” the company said in an statement emailed to Reuters. production to Vietnam next year

Telecom industry expects high growth in the next five years

Vietnam News Five sectors of telecoms, information and technology, clean agriculture, clean technologies, retail, healthcare and pharmaceuticals have potential for high growth in the next three years. This was revealed in the FAST 500 Ranking Lists 2020, drawn up annually since 2011, which was announced by the Viet Nam Report on Wednesday. The survey said this also reflects the current development trend of promoting technologies in parallel to protect local firms. They, therefore, have enhanced clean technologies, applying IT in automation, machine learning and data exchanges to reduce time and saving costs as well as strengthen connection among countries.

Uniqlo to open fourth store in Vietnam

The Saigon Times Japanese global apparel retailer Uniqlo has announced that it will open its newest store in Vietnam on June 5. Located on the first floor of Vincom Center Landmark 81 in HCMC’s Binh Thanh District, the store covers a total retail space of some 2,000 square meters, which is equivalent to that of its recently launched facility in the city’s District 7. Uniqlo Vincom Landmark 81, the third Uniqlo store in the southern hub, carries the complete line of Uniqlo LifeWear to meet everyone’s needs, stated Osamu Ikezoe, general director and chief operating officer at Uniqlo Vietnam.

VN-Index rises to over 860 points

The Saigon Times Domestic stocks came under pressure from a correction in early trade today, May 21, but strong demand during the day helped boost the benchmark VN-Index on the Hochiminh Stock Exchange. Though the number of rising stocks was a tad higher than that of losing stocks at 176 to 172, the main index added 1.15% at 862.73, marking its fourth winning session in a row. However, stock trading declined as volume and value dipped 24% and 22% from the day earlier at 329.9 million shares and nearly VND5.4 trillion, respectively.

colliers.com/vietnam

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 - 25 May 2020

Vietnam’s Ho Chi Minh city to create innovation hub by merging three districts

Vietnam Insider The Department of Home Affairs of Vietnam’s largest city of Saigon (Ho Chi Minh City) has submitted a plan to the People’s Committee on the merger of three districts and 19 wards in the eastern side of the city. The city will merge districts 2, 9 and Thu Duc and 19 wards in districts 3, 4, 5, 10 and Phu Nhuan to form the creative hub.

Legal wrangling over FOL reignited

Vietnam’s Ho Chi Minh city to create innovation hub by merging three districts

Vietnam Investment Review Despite the changes to the Law on Housing and foreign ownership caps five years ago, real estate developers now show an increasing demand to revise regulations and increase the cap even more, to up to 50 per cent. However, revisions will be tough to put into practice, even if the suggestion is recognised by the government. Legal wrangling over FOL reignited

Vietnam’s economy will continue to expand rapidly

Vietnam Insider Standard and Poor’s (S&P) on May 21 announced its decision to maintain Vietnam’s sovereign rating at BB, with stable outlook. The stable outlook reflects S&P’s expectation that Vietnam’s economy will continue to expand rapidly. The stable outlook reflects S&P’s expectation that Vietnam’s economy will continue to expand rapidly, exemplifying gradual improvements in its policymaking settings and underpinning credit metrics, stated the rating agency in a statement. In tandem with the global economy, Vietnam’s economic growth will be hit hard by the Covid-19 pandemic and the associated downturn.

VN needs to change its ways to attract FDI leaving China: experts

Viet Nam News Viet Nam has some great advantages while competing with regional countries in attracting capital flows moving out of China after the COVID-19 pandemic, experts have said. A report by SSI Research said foreign projects set up in industrial parks in the country were up 32 per cent year-on-year in the first four months of the year to US$9.8 billion. The pandemic has shown that many large countries’ supply chains are heavily dependent on China, and they have taken drastic steps to cut this dependency.

Vietnam to put an end to household registration books

Vietnam Insider The Ministry of Public Security is planning to put an end to household registration books as a residence management method in sweeping proposed revisions in relation to the residential law. On behalf of the government, Minister To Lam told the National Assembly on May 23 that Vietnamese citizens’ residence will soon be managed using electronic data, specifically their identity numbers. A personal ID number can be used to access and update a citizen’s information on the national demographic database, which is shared between various government agencies. Commenting on the proposed changes to the residential legislation, Chairman of the parliament’s legal committee Hoang Thanh Tung stated that the committee agreed with the overall content of the government’s report on the need to overhaul the law.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 26 May 2020

How Facebook supports Vietnam in boosting its digital transformation?

Vietnam Insider Facebook just launches a campaign to assist Vietnam in developing digital economy. Focusing on innovation, safety and digital literacy, smart cities, the digital economy and the community, the “Facebook for Vietnam” program is being deployed from May to December this year by the company, in collaboration with the US delegation in Vietnam and other partners.

Facebook just launches a campaign to assist Vietnam in developing digital economy

Local airlines would offer more rates with increasing ceiling prices

Vietnam News Increasing ceiling rates for airfares would bring more opportunities for local aviation firms to have flexible and suitable price policies in the domestic aviation market. Domestic aviation firms made the statement after the Civil Aviation Authority of Viet Nam (CAAV) proposed the Ministry of Transport temporarily halt the adjustment of ceiling rates for airfares, which was submitted to the ministry in March.

The transport cost per passenger rose from VNĐ1,933 per km in 2015 to VNĐ2,345 per km in the first three months of this year

Minister of Finance: setting up an inspection team for Tenma Vietnam bribery to evade taxes Tuoi Tre The head of the Ministry of Finance stated his position of Japanese press information about Tenma Company bribing Vietnamese officials to evade taxes. On May 25, quickly responding to the press in the National Assembly meeting room, Minister of Finance Dinh Tien Dung said that he had requested the General Department of Taxation and General Department of Customs to gather information and report clearly the situation. An Giang wants to regulate water flow to avoid landslides Vietnam News The Mekong Delta province of An Giang has petitioned the Government for permission to regulate the flow of the Hau River as the potential risk of serious landslide could occur on National Highway 91. The provincial authorities on Sunday afternoon checked the cracks on Highway 91, the section through Binh Tan Hamlet, My Binh Commune in Châu Phú District.

7,500 billion dong of agricultural land use tax will be exempted every year

Tuoi Tre According to the report on the exemption of agricultural land use tax to the end of 2025, the exempted tax amount of about 7,500 billion dong/year continues to be a form of direct support for organizations and individuals in agricultural production. Under the authorization of the Prime Minister, through the report on the draft resolution on exemption of agricultural land use tax presented before the National Assembly on May 25, Minister of Finance Dinh Tien Dung said the policy of exemption and reduction of agricultural land use tax has contributed to improving the lives of farmers, creating more jobs for rural areas, encouraging farmers to hold on to the land and invest in agricultural production. colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 27 May 2020

Quang Yen Economic Zone added to coastal economic zone planning

Vietnam Investment Review Quang Yen Economic Zone located in the northern province of Quang Ninh has been approved to be added to Vietnam's coastal economic zones development planning to 2020. Quang Yen Economic Zone (EZ) will be implemented according to regulations, ensuring that it will not impact the environment, national safety and defense, as well as the forest and the lives of local people.

Quang Yen Economic Zone will take up 13,000 hectares

HCMC plans to build a new hi-tech industrial park in Binh Chanh

Vietnam Insider HCM City People’s Committee asked the department to review the current industrial and processing zones and find suitable lands to attract investments to the city and build the new hi-tech industrial park. The new park will be a new gathering place for hi-tech firms and support start-up companies.

HCMC plans to build a new hi-tech industrial park in Binh Chanh

Shinhan Future’s Lab and Doodle Brands join hands on the workshop about ‘Design Thinking for Innovation’

Vietnam Insider Shinhan Future’s Lab invited budding start-ups and aspiring entrepreneurs to join Chris Elkin, Founder, Doodle Brands for an interactive, live-streaming, ‘Design Thinking for Innovation’ Workshop. Nowadays, innovation is everyone’s business. Whether you are a manager in a global corporation, an entrepreneur starting up, in a government role, or a teacher in an elementary school, everyone is expected to get lean – to do better with less. And that is why we all need design thinking.

Vietnam to grant e-visa to the citizens of 80 countries from July 1st

Vietnam Insider Vietnam’s Prime Minister Nguyen Xuan Phuc has just signed the 79/NQ-CP resolution on the list of 80 countries, which their citizens are eligible for the electronic visa (e-Visa) and the list of international border gates, which allow foreigners to enter and exit with e-Visa. The resolution takes effect July 01, 2020. Vietnam’s Government Portal reported. So far, Vietnam has suspended entry for all foreign nationals. Only Vietnamese nationals, foreigners on diplomatic or official business, and highly skilled workers are allowed to enter the country at this time.

Hậu Giang Province overrun with property projects

Vietnam News The number of property projects in Hau Giang Province surpasses actual demand, experts have said. Hau Giang Province has 62 real estate projects that have been approved for development in addition to many existing projects, according to the provincial Department of Construction. Vi Thanh City, with a population of around 200,000, has 21 new projects under development, while other cities and districts have around 10. The projects cover hundreds of hectares, consisting of mostly land plots.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 28 May 2020

Vietnam to restart some international flights by June 10

Vietnam Insider The Civil Aviation Administration of Vietnam (CAAV) has also been tasked with proposing a specific time frame for resuming the flights on a bilateral basis to restore trade and investment activities and revive the tourism industry while ensuring strict maintenance of anti-pandemic measures. Vietnam to restart some internaNguyen Quy reported on VNExpress. tional flights by June 10

There is always a bright side as Vietnam’s fintech boosting by COVID-19

Vietnam Insider Southeast Asia is considered a great potential market for online payments, of which, Vietnam is forecast to be the third largest internet economy in the region, after Indonesia and Thailand. The application of financial technology (fintech) has grown and Vietnam is going through a period of There is always a bright side as Vietrapid development in the area. In just four years, the number of fintech nam’s fintech boosting by COVID-19 companies in the country has increased from 40 to more than 150.

Protecting investors at head of consumer finance concern

Vietnam Insider With the rising market competition continuing to exert pressure on consumer finance’s profitability in Vietnam, industry insiders have urged local authorities to develop a legal framework to avoid fraud and monetary crimes, and protect investors. The message was delivered at VIR’s fourth seminar on consumer finance in Hanoi last week on the country’s grand economic reopening, as well as challenges and opportunities for firms jumping onto the bandwagon.

Satellite city development: Waterpoint as a bright spot

Tuoi Tre Online In order to implement the plan of population expansion in Ho Chi Minh City and forming a key urban area in the South, in the past few years a number of investors has developed satellite towns in suburban provinces. Long An has many advantages when having the largest area adjacent to Ho Chi Minh City and the traffic connection is more convenient than Binh Duong or Dong Nai. Pioneering in developing satellite towns in Long An is the Waterpoint urban area project with a scale up to 355ha located on DT830 street, Ben Luc district, just over 40 minutes from District 1 of Ho Chi Minh City.

JUTEC seeks investment opportunities in Vietnamese real estate

The Voice of Vietnam JUTEC Corporation of Japan is planning to co-operate alongside a Vietnamese partner as they seek to set up a joint venture, with JUTEC set to contribute 50% to expand its business operation in the local real estate market. The joint venture is expected to offer management and operation services for apartments that fall in line with Japanese standards in order to provide the best possible experience for foreign customers who are currently living and working in Vietnam. Moreover, the JV will see a wave of imports through the added supply of new Japanese construction materials to be used in the Vietnamese market.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 29 May 2020

Mekong Delta expressway construction to begin in 2024

VnExpress A $1.4 billion expressway is planned between Kien Giang and Bac Lieu provinces to boost connectivity in the Mekong Delta. The Cuu Long Corporation for Investment Development and Project Management of Infrastructure (Cuu Long CIPM) is working on a feasibility report, and would submit it to the Transport Ministry in July, its CEO, Tran Van Thi, said.

Real estate market in central region reviving at uneven paces

Vietnam Investment Review The real estate market in the central region is starting to show signs of a rebound in the post-social distancing period, mostly in the land plot segment while the condominium and villa segments are proving less vibrant. A slew of land plot projects are coming onto the market in the past two weeks in Danang city’s real estate market. Besides some merchandised plot projects and projects selling high-end apartments and villas began to sell in the secondary market, but are finding few buyers.

A section of the Ho Chi Minh City - Trung Luong Expressway which connects HCMC with the southern province of Tien Giang

Central Vietnam's real estate market is showing signs of a rebound in the more affordable segments

Vietnam’s Hoi An rebooting all tourist activities

Vietnam Insider As Vietnam has gone 42 days without community transmission of Covid-19, authorities of ancient town Hoi An decided to recommence all tourism activities next Monday. Nguyen Van Son, vice chairman of Hoi An in the central province of Quang Nam, said the 400-year-old town would resume all tourist activities along its pedestrian-friendly streets from 9 a.m. to 11 a.m. and 3 p.m. to 9:30 p.m. Popular destinations set to welcome back visitors on June 1 include Bay Mau Coconut Forest, two miles from the town center, Thanh Ha Pottery Village and Tra Que Village.

No foreign individuals own land in Vietnam: Minister

The Saigon Times 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. The Land Law states that foreigners are not eligible to own land lots in Vietnam, so the granting of land use rights certificates to aliens is nonexistent.

Vingroup forecast revenue up 12 per cent, focus on industrial real-estate

Bizhub Conglomerate Vingroup JSC plans to earn VND145 trillion (US$6.2 billion) in revenue this year, up 12 per cent year-on-year. The information was released during the group’s annual general meeting of shareholders (AGMs) held on Thursday in Ha Noi. Post-tax profit is expected to decrease 35 per cent to reach VND5 trillion. Due to the impact of the COVID-19 pandemic, Vingroup Chairman of the Board of Directors Pham Nhat Vuong said its tourism arm Vinpearl was most ravaged by the disease. colliers.com/vietnam

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