COLLIERS INTERNATIONAL
VIETNAM MONTHLY REAL ESTATE NEWS - September 2020 -
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ABOUT COLLIERS INTERNATIONAL Colliers International is a leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence and a shared sense of initiative, we integrate the resources of real estate specialists worldwide to accelerate the success of our partners. We connect through a shared set of values that shape a collaborative environment throughout our organization that is unsurpassed in the industry. With more than 100 professionals in 3 offices in Vietnam, the team is market driven and has proven and successful track record with both international and localexperience. From Hanoi, Danang to Ho Chi Minh City, we provide a full range of real estate services The foundation of our services is the strength and depth of our experience.
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Daily Real Estate News Highlights Top 5 - Daily Updated Real Estate News Colliers International’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 How does falling interest rate affect the real estate market?
www.reatimes.vn Investors always expect to simplify administrative procedures, especially at this time so that projects can be deployed early. It is about the policy expectation perspective. But on the other hand, investors also need to have specific financial plans for the future. For example, when the market is quiet like the present, even the completed project may not be able to hand over, lease, or operate, so it is necessary to have a development plan suitable to the market, the phase of implementation. how to use loan channels to ensure efficiency.
How does falling interest rate affect the real estate market?
Warren Buffett poured $ 6 billion into Japanese businesses
www.vnexpress.net In an announcement on Warren Buffett's 90th birthday yesterday (August 30), Berkshire said it had bought a 5% stake in Itochu Corp, Marubeni Corp, Mitsubishi Corp, Mitsui & Co and Sumitomo Corp for 12 months. Berkshire plans to keep this investment long-term, and can raise its stakes in each company by 9.9%. Berkshire's insurance segment Warren Buffett poured $ 6 billion into Japanese businesses - National Indemnity holds these shares.
Vietnam’s M&A market remains on the radar of overseas buyers
www.vietnaminsider.vn In the first eight months of 2020, there were over 4,804 cases of capital contribution and share purchases worth $4.93 billion, equalling 51.8 per cent of last year’s period, according to the Foreign Investment Agency under the Ministry of Planning and Investment. It was believed Vietnam’s M&A market remains that Vietnam’s mergers and acquisitions (M&A) activities would pick on the radar of overseas buyers up in numbers over the second half of 2020 as Vietnam grapples with successfully containing the pandemic.
Ba Ria - Vung Tau among top localities in FDI attraction during 2016-2020
www.vir.com.vn Ba Ria - Vung Tau - The southern province of Ba Ria - Vung Tau was one of the leading localities in attracting investment during 2016-2020, Director of the provincial Department of Planning and Investment Nguyen Cong Vinh has said. The average registered capital of each State-owned enterprise in the province stood at 250 billion VND (10.8 million USD), while the figures for non-State and foreign-invested enterprises were nearly 9.5 billion VND (410,445 USD) and 103 million USD, respectively. colliers.com/vietnam
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’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 International stature goes hand in hand with national pride www.cand.com.vn Director of Capital Markets & Investment Services, Colliers International Terence Alford claimed that, compared to other countries in ASEAN, Vietnam is considered as a potential business environment due to stable politics, promising economic growth, and an ideal living environment for foreigners. In recent years, the investment environment has also improved, therefore Japanese investors saw Vietnam as an obvious destination to operate, especially when they moved their factories out of China.
Mr. Terence Alford, Director of Capital Markets & Investment Services
HCMC to complete three large traffic projects in late September
www.thesaigontimes.vn HCMC is set to put into operation three key traffic projects, including the An Phu Dong steel bridge, the Tran Van Giau Street rehabilitation and water environment improvement, in late September, according to the HCMC Management Board of Investment and Construction of Traffic Projects. Luong Minh Phuc, head of the management board, told Phap Luat Online that in the third quarter of the year, a total of nine projects will be put into service, with six of them having been completed. The management board will continue to work with other relevant units to speed up the construction of the remaining three projects to ensure they will be put into operation as scheduled, Phuc said.
Vietnam’s M&A market remains on the radar of overseas buyersAlibaba.com initiative helps Vietnamese SMEs venture abroad
www.vnexpress.net Alibaba.com, the global B2B e-commerce platform of Alibaba Group, launched a landmark initiative Monday to help companies in Vietnam go online and reach an enormous pool of qualified global buyers. As an international extension of the 2020 Spring Thunder program initiated by Alibaba Group, Alibaba.com’s ‘Project Sprout Up’ is a timely and tailored digital solution aimed at helping local SMEs compete through digitization amid the re-surfacing Covid-19 epidemic in Vietnam.
Japanese retailers in Vietnam scale up despite pandemic
www.vietnaminsider.vn While most enterprises have had to scale down their business during Covid-19 and give back their retail premises to landlords, Japanese retailers have continued to open more shops in Vietnam recently. The Japanese retail brand Muji in late July opened its first pop-up store on the first floor of Parkson Center in HCM City’s district 1, displaying thousands of product items, including skincare products and clothes. The opening hour was set at 9.30 am, but Vietnamese youth came one hour before, queuing up for their turn. The shop received 15 clients every 30 minutes and asked people to stand at a distance from each other. colliers.com/vietnam
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’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 revives in the “ghost month” www.congthuong.vn
According to real estate experts, with a terrible 2020 year, the fear of transaction in the “ghost month” decreased significantly when more and more people consider this a profitable time when buying real estate, with more comprehensive and valid views. Terence Alford - Director of Capital Markets & Investment Services| Colliers International in Vietnam: Banks cut home loan interest rates will assist in stimulating demand for new home mortgage loans and existing home loan refinancing. Vietnamese residential mortgage rates from the main retail and international banks operating in Vietnam have been marginally reduced by circa 0.2% to 0.5% on average from July 2020. The reduction in end user mortgage rates is an indication the housing market in Vietnam may need short term support due to the market reacting to COVID-19 situation causing residential investors and homeowners to be more cautious.
Mr. Terence Alford, Director of Capital Markets & Investment Services
Ambitious project hidden behind the Facebook Avatar feature
www.cafebiz.vn According to the past 24 hours, Vietnamese people are buzzing with the Avatar feature in Facebook over the scenario already in Mark Zuckerberg's calculation. Vietnam's social network is booming with Facebook's new Avatar creation feature. This is a tool to recreate the user's face with basic styles and extracted for a funny icon (sticker).
Ambitious project hidden behind the Facebook Avatar feature
5G 'Make in Vietnam' is ready
www.congnghe.tuoitre.vn After being tested in some localities, 5G networks using Vietnamese equipment will be commercially tested by Viettel in October 2020. Similarly, MobiFone and VNPT VinaPhone also launch a roadmap to commercialize 5G networks by 2021. With the Ministry of Information and Communications officially announcing the band plan, the 5G development roadmap in Vietnam has taken a significant step forward, enabling operators to enter the stage of commercializing services. 5G, bringing Vietnam into the group of the first countries in the world to deploy 5G.
colliers.com/vietnam
5G "Make in Vietnam" is ready
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’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 What opportunity for the real estate market to 'revive' in the last months of the year?
www.taichinhcuocsong.vn In a recent article about EVFTA's impact on the economy of Vietnam in Q4.2020, Mr. David Jackson – our CEO, said: “The government is working on improving the investment law, shortening procedures to facilitate real estate transactions, among other initiatives, thereby making the market more accessible. The economy should regain its previous growth momentum in the last 3 months of 2020.” Faced with the Covid-19 translation, the "no-transaction" sentiment and taboo in July lunar month of this year have decreased significantly as more and more people consider this a "golden time." It's profitable to buy real estate with more holistic and well-grounded perspectives.
Mr. David M. Jackson, Chief Executive Officer | Colliers International Vietnam
Global trade and FDI turn Vietnam into one of the most open economies?
www.vietnaminsider.vn Vietnam’s robust economic performance over the past three decades has been heavily dependent on exports and foreign direct investment (FDI), with foreign invested companies accounting for 67.8 percent of the country’s total export turnover in 2019, according to the Institute of Southeast Asian Studies (ISEAS) of Singapore.
Global trade and FDI turn Vietnam into one of the most open economies?
Ho Chi Minh City: Thu Duc city will be the first class city
www.dantri.com.vn The Chairman of the People's Committee of Ho Chi Minh City requested to develop an urban assessment project to be recognized in the Eastern city (Thu Duc city) as a grade 1 city. Thanh Phong on the situation of implementing the construction of a creative and interactive urban area in the East of Ho Chi Minh City.
The super-rich trend of 'hunting' island villas
Ho Chi Minh City: Thu Duc city will be the first class city
www.vnexpress.net With a massive wealth of assets, the super-rich has hobbies and needs to find and own real estate on islands with rich natural flora, enjoy rare privileges. This global trend has been even more transparent since the beginning of this year. When the world was in a plague, billionaires decided to hide in their second home by living on islands. Among these are names such as Larry Ellison from Oracle, Richard Branson, Paul Allen.
colliers.com/vietnam
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’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 developers with common "activities" on July lunar month
www.dautubds.baodautu.vn Mr. Terence Alford, Director of Capital Markets & Investment Services, Colliers International commented that on this July lunar month, according to Colliers International's research, some exchanges even had a slight liquidity increase compared to the same period last year. Over the past two weeks, promotions and discounts are still the classic "repertoire" of the wet season which are applied by investors and brokers. Especially, customers who do not borrow from the bank, or can pay a lump sum, most of the value of the apartment are considered "VIP" customers and are welcomed with many attractive incentives.
Mr. Terence Alford, Director of Capital Markets & Investment Services
World major tech firms consider billion-dollar investment projects in Vietnam
www.hanoitimes.vn In addition to current incentives, Vietnam also offers tailor-made ones for hi-tech projects that help local firms further integrate into global value chains, said a senior government official. A government’s task force on promoting foreign direct investment (FDI) in Vietnam has been in contact with a number of global tech firms that are considering investing in large scale projects of up to US$1 billion each in Vietnam, according to Do Nhat Hoang, director of the Ministry of Planning and Investment’s Foreign Investment Agency.
HCMC reopens bars, dance clubs as coronavirus put under control
www.vnexpress.vn HCMC authorities allowed 180 bars and dance clubs to resume operations from 6 p.m. Monday after over a month of closure to curb the second Covid-19 wave. The move came with the southern metropolis having gone 38 days without domestic infections and the country’s major Covid-19 hotspots in Da Nang, Quang Nam and Hai Duong basically put under control. Saigon’s bars and dance clubs had reopened on May 9, after being shut since mid-March due to Covid-19. After the disease resurfaced in late July, city authorities again closed entertainment services and banned crowded events.
Real estate developer with classic "repertoire" in the wet season
www.dautubds.baodautu.vn Homebuyers still hesitate to epidemic diseases, causing brokers on this occasion to open up their marketing efforts through channels, from online marketing, telesales ... It is known that leaders of many brokers are also urging employees. Approach day and night to soon get a list of potential customers before the time of the text message penalty policy, effective from the beginning of October. Over the past 2 weeks, promotions and discounts are still the classic "repertoire" of the wet season which are applied by investors and brokers.
colliers.com/vietnam
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’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 "Smart City" project and Vietnam's ambition to become Silicon Valley www.vietdaily.vn David Jackson - CEO of Colliers International Vietnam said Smart City is not just a buzz word, it is a mindset, a direction for a city/ community towards smarter living. It is about how life can be enhanced through the implementation of data-driven technological solution, leading to a livelihood of better value for energy efficiency, improved healthcare & education opportunities together with effective integration of work and life. It is an exciting time for Vietnam where the demand and attention to technology may as well drive it to become the Silicon Valley of the East. We are expecting a lot of technology-based investment into Vietnam, be it expansion of current investments or new investments, and will continue to drive the demand for commercial spaces and industrial spaces upcoming.
The "Smart City" project and Vietnam's ambition to become Silicon Valley
Viet Nam urged to improve infrastructure to attract more FDI
www.bizhub.vn Viet Nam needed to improve its infrastructure in order to attract more FDI, a webinar heard on Monday. Themed “Capitalising on Vietnam’s Investment Opportunities Post COVID-19”, the webinar drew senior leaders from businesses and organisations across Asia, Europe and the US. Minister of Planning and Investment Nguyen Chi Dung said that trade conflicts among major economies had forced international corporations and enterprises to relocate to avoid high taxes.
Viet Nam urged to improve infrastructure to attract more FDI
Ho Chi Minh City’s first metro train to arrive in Vietnam in October
www.tuoitrenews.vn In addition to current incentives, Vietnam also offers tailor-made ones for hi-tech projects that help local firms further integrate into global value chains, said a senior government official. A government’s task force on promoting foreign direct investment (FDI) in Vietnam has been in contact with a number of global tech firms that are considering investing in large scale projects of up to US$1 billion each in Vietnam, according to Do Nhat Hoang, director of the Ministry of Planning and Investment’s Foreign Investment Agency. colliers.com/vietnam
Ho Chi Minh City’s first metro train to arrive in Vietnam in October
Daily Real Estate News Highlights Top 5 - Daily Updated Real Estate News Colliers International’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 Vietnam realizes the "Smart City" project www.tieudung24h.vn David Jackson - CEO of Colliers International Vietnam said, “Smart City” is not just a buzzword, it is a mindset, a direction for a city/ community towards smarter living. It is about how life can be enhanced through the implementation of data-driven technological solution, leading to a livelihood of better value for energy efficiency, improved healthcare & education opportunities together with effective integration of work and life.
Mr. David M. Jackson, Chief Executive Officer | Colliers International Vietnam
Why Vietnam Has Become a Promising Alternative for US Businesses in Asia
www.vietnam-briefing.com Due to its geographic proximity, lower wages, skilled labor, trade agreements, and regional connectivity, Vietnam has emerged as one of the most preferred alternatives for manufacturers. Major US firms such as Apple, Intel, Qualcomm, Universal Alloy Corporation (UAC), Nike, and Key Tronic EMS have already moved production lines to Vietnam due to costs associated with the trade war. All these factors have helped increase trade between both countries since the normalization of diplomatic relations.
Why Vietnam has become a promising alternative for US Businesses in Asia
Supporting businesses to take advantage of opportunities from EVFTA
www.vccinews.vn The European Union - Vietnam Free Trade Agreement (EVFTA) creates great opportunities for both trade and investment. Compliance with the provisions of the FTA is a key factor that helps businesses in particular and the Vietnamese economy in general can take advantage of EVFTA. Mr. Le Hoang Tai - Deputy Director of the Trade Promotion Agency (Ministry of Industry and Trade) has many remarkable shares on this issue.
Supporting businesses to take advantage of opportunities from EVFTA
Foreign exchange reserves skyrocketed - the economy remains challenging
www.doanhnhansaigon.vn With foreign exchange reserves of 92 billion USD and import value of goods of Vietnam in the first 8 months of this year is 162 billion USD, the size of Vietnam's foreign exchange reserves is equivalent to over 18 weeks of imports, higher than 12. - 14 weeks as recommended by the International Monetary Fund (IMF), should be considered a sufficient level of safety.
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’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 Industrial real estate helps Long An become a key location in the Western region
www.vietdaily.vn Developers have long been looking to Ho Chi Minh City, Binh Duong and Dong Nai as three key cities in the South for factories and warehouses. After these many years of active development, the supply of industrial land in these cities are getting scarce and price going much higher. Developers have to explore beyond these cities in neighboring provinces for new supply with reasonable infrastructure and price point. “Long An is evolving as a key destination and in the next 3 to 5 years, it is set to become one of the largest industrial centres in the South,” said Ms Vu Anh Nguyen, Director, Head of Business Development at Colliers International.
Ms. Vu Anh Nguyen, Director of Business Development
Will Long An industrial real estate market explode?
www.congthuong.vn Ms Vu Anh Nguyen, Director, Head of Business Development at Colliers International in Vietnam - commented: Being a province with the minimum wage in Region II will help Long An become more competitive in human resources, with lower cost than Binh Duong. , Dong Nai. From there, it can attract investors in industries that need many workers such as garment, footwear ... Especially, with the convenience of traffic and infrastructure, the province is investing in complete and synchronous investment, moving from Long An to important circulation places in the region such as Long Thanh Airport, Long Thanh - Dau Giay expressway to Cai Mep port will be easy and convenient.
Industrial real estate helps Long An become a key location in the Western region
Industrial clusters – a key for effective FDI strategy
www.bizhub.vn Attracting quality FDI and leading companies is not only the preparation of clean land, good human resources, appropriate and global competitive incentives, but also the need for good thinking and policies to develop industrial clusters. The world does not stand still and Viet Nam should take this chance to present itself as an attractive destination for quality FDI.
Why JETRO believes FDI inflows into Vietnam will soon recover after the pandemic?
www.vietnaminsider.vn The proportion of Japanese companies with reduced turnover in Vietnam is still much lower than that in other countries in the region. Notably, only 5% of the enterprises reported a revenue reduction of over 50%, which is a relatively small figure.
colliers.com/vietnam
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’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 International excelled in winning 11 Asia Pacific Regional Awards (APAC)
www.menandlife.vn Colliers International recognized for service excellent, winning 11 awards across Asia Pacific in the Euromoney Real Estate Survey 2020. David Jackson, Chief Executive Officer of Colliers International in Vietnam highlighted “ The strength and capability of our Award Winning Asia Pacific Capital Markets and Investment Services teams combined with our local experience and knowledge has given us the ability to connect our Vietnamese Clients with investors from all over the world and grow their businesses exponentially.”
Colliers International excelled in winning 11 Asia Pacific Regional Awards (APAC)
Vietnam plans to reopen air routes to 6 int’l destinations in mid-September
www.tuoitrenews.vn The Civil Aviation Authority of Vietnam (CAAV) has proposed a plan to reopen frequent international air routes to China, Japan, South Korea, Taiwan, Cambodia, and Laos in mid-September. All passengers of these routes will undergo government-mandated 14-day quarantine following their arrival in the Southeast Asian country, according to the proposal.
Indo-Pacific Business Forum
www.vccinews.vn With the approval of the Prime Minister, the Vietnam Chamber of Commerce and Industry will coordinate with US partners to organize the 2020 Indo-Pacific Business Forum in on October 28th and 29th, 2020. Under the auspices of the Governments of Vietnam and the United States, the Vietnam Chamber of Commerce and Industry (VCCI) and the US Chamber of Commerce (US Chamber) will co-chair the Forum in cooperation with the US Business Council USA - ASEAN,..
Viet Nam attractive destination for Aussie investors post-pandemic
www.bizhub.vn Viet Nam has become one of the world’s few economic bright spots attracting foreign investors, especially those from Australia, due to cheap labour, a young population, high education standards, and government incentive policies. The Australian Government recently noted that when the economy recovers from the pandemic, the shift from a Chinese supply chain will be inevitable.
Insider’s view: Why the smart investors eyeing Vietnam’s HCMC?
www.vietnaminsider.vn But the metropolis is set to make a major leap into the future. And foreign investors are taking note. Harry Hodge, an expat in Vietnam reported on the Inside Out. In recent months, the Vietnamese Ministry of Information and Communications confirmed the city has laid the groundwork for four main pillars of a smart city: A shared database and open data ecosystem, a smart city operating center, a center for socioeconomic forecasts and simulation, and a center for information safety. colliers.com/vietnam
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’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 Southern Industrial Real Estate: TP. HCM rental price is too expensive, Long An will take the throne?
www.thetips.vn Assessing the Long An market, Ms. Vu Anh, Director of Business Development - Colliers International in Vietnam, said that Long An had the population advantage (2 million people) and belonged to the minimum wage of Region II, thus it had higher competitiveness in human resources than Binh Duong and Dong Nai. This was very attractive to labor-intensive industries such as apparel and footwear.
Ms. Vu Anh Nguyen, Director of Business Development
American companies are moving factories out of China as Vietnam is the most mentioned destination
www.vietnaminsider.vn Only a specific slice of American companies are moving factories out of China, much less returning home. Some, including electric-car builder Tesla, are even revving up their production engines on the mainland, despite U.S. President Donald Trump’s trade war aimed at bringing American manufacturing back.
American companies are moving factories out of China as Vietnam is the most mentioned destination
Vinh Phuc will have 6 new industrial zone projects with total investment capital of nearly 8,000 billion VND in 2020
www.vccinews.vn It is expected that by the end of this year, Vinh Phuc Industrial Zones Authority will issue investment registration certificates for 6 investment projects and technical infrastructure business of industrial parks (IZs), total investment. investment nearly 8,000 billion. Up to now, Vinh Phuc province has 18 industrial zones approved by the Prime Minister for investment policy, with a scale of 5,228 ha.
Vinh Phuc will have 6 new industrial zone projects with total investment capital of nealy 8,000 billion VND in 2020
Dong Nai calls for more than USD 368 million for traffic investment
www.zingnews.vn In the field of transport, Dong Nai province is calling for investment in 6 big projects. Dong Nai People's Committee has just issued a list of major projects calling for investment. The locality has determined that these are all important projects. If they can find qualified and experienced investors, they will significantly contribute to the socio-economic development of the province. Provincial projects call for investment in many fields such as transport, water supply and drainage, tourism, commerce, industrial cluster infrastructure, residential areas, agriculture. colliers.com/vietnam
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’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 Long An industrial real estate, a "hot spot" in investment attraction
www.doanhnghiepvadautu.info.vn Long An had the population advantage (2 million people) and belonged to the minimum wage of Region II, thus it had higher competitiveness in human resources than Binh Duong and Dong Nai. This was very attractive to labor-intensive industries such as apparel and footwear, as said by Ms. Vu Anh, Director of Business Development - Colliers International in Vietnam.
Ms. Vu Anh Nguyen, Director of Business Development
Real estate - a long-term 'investment'
www.baotintuc.vn Ms. Nhu Khuong, Market Research Department at Colliers Vietnam, said that in fact, the real estate market in Vietnam was still an ideal destination for foreign investors. Therefore, land rental prices in industrial zones would still increase in the first quarter of 2020 since this was an investment trend in the long term. Most recently, the real estate market has overcame a freezing period from 2012 2013 to recover and sublimate in 2017 - 2019. However, the effects of COVID-19 epidemic have made the market wobble. However, there are still positive bright spots for investors to stay with the market. At this difficult time, real estate is determined to be the long-term 'game'.
Ms. Nhu Khuong - Senior Research Assistant
Supply chain growth can outpace Southeast Asia
www.vir.com.vn Vietnam is a standout among Southeast Asian countries with its range of advantages in attracting foreign investment. Vietnam has one great advantage over the others – its efforts to fight against and contain the pandemic. As a result of its successful policies, many factories and manufacturing sites could stay open and the impact of the disease has been minimal. In addition, the EU-Vietnam Free Trade Agreement was also officially put into force in August and global supply chains are also being redesigned. All of these factors are going to fuel tremendous demand for industrial property in Vietnam.
A series of large corporations are coming from China "landing" to Vietnam
www.dantri.com.vn The policy to encourage FDI investment for the projects of the Government of Japan and Vietnam can also create opportunities for some Japanese enterprises to expand production to Vietnam such as Shin-Etsu Chemical, HoYa. Coporation, Matsuoka, Meiko Electronics, Yokowo, and Nikkiso… Most of these companies have production facilities in the North. colliers.com/vietnam
Daily Real Estate News Highlights Top 5 - Daily Updated Real Estate News Colliers International’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 Opportunities for Vietnam to expand the cooperation market with the United States
www.cand.com.vn Oxford Economics, a world renowned Economic institution, noted in a recent report that Vietnam is expected to be the only Southeast Asian country to see positive GDP growth of 2.3% in 2020. In the same report Oxford Economics stated that the prospect of economic recovery of Vietnam is "brightest in the ASEAN region” The report further predicts the Vietnamese economy will make a quicker rebound in 2021, due to Vietnams success in handing the global health crisis and anticipates Vietnam's GDP rate at 8% for 2021. It cautioned however that the country remained vulnerable to external developments, particularly those affecting trade, tourism and FDI, Terence Alford - Director of Capital Markets & Investment Services shared.
Mr. Terence Alford, Director of Capital Markets & Investment Services
Vietnam facilitates investment of EU firms
www.vir.com.vn Prime Minister Nguyen Xuan Phuc on September 16 hosted a reception for Dutch and Belgian Ambassadors, Elsbeth Akkerman and Paul Jansen, along with EU investors who want to pour capital into a seaport logistics project worth nearly 1 billion USD in Vietnam. At the meeting, the leader stressed the Vietnamese Government always facilitates the investment Vietnam facilitiates investment of of foreign firms, especially those from the EU that have potential and EU firms high technological capacity.
Vietnam remains China’s biggest trader in ASEAN
www.nhandan.org.vn Trade between Vietnam and China has produced positive results, despite long-lasting difficulties caused by the COVID-19 pandemic, with Vietnam affirming its position as China’s largest trade partner in ASEAN. China Customs statistics show that two-way trade hit US$111.2 billion in the first eight months of 2020, a year-on-year jump of 13.4%.
The Fed could keep interest rates close to 0% until 2023
www.vnexpress.net The Fed will do more to support the US economic recovery, such as increasing asset purchases and keeping interest rates lower than expected. Fed Chairman Jerome Powell said in a press conference yesterday that the overnight lending rate will remain at the current level (0 - 0.25%) until the market crashes. recovery was according to their expectation and inflation increased to 2% (sometimes it can exceed this level). colliers.com/vietnam
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’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 Vietnam’s opportunities to expand the cooperation market with the United States www.nhipcauthuonghieu.vn The report further predicts the Vietnamese economy will make a quicker rebound in 2021, due to Vietnams success in handing the global health crisis and anticipates Vietnam's GDP rate at 8% for 2021. It cautioned however that the country remained vulnerable to external developments, particularly those affecting trade, tourism and FDI, Terence Alford - Director of Capital Markets & Investment Services shared.
Vietnam's opportunities to expand the cooperation market with the United States
Vietnam promotes attracting foreign investment
www.taichinhvadoisong.vn Commenting on opportunities for Vietnam in the coming time, Mr. Terence Alford - Director of Colliers International Capital Market and Investment Services Department said that economic growth is taking place in Vietnam and especially in The real estate market in general will lead to the sustainable development of the real estate industry in Vietnam. At this time, compared to other countries in ASEAN, Vietnam is considered to have a potential business environment thanks to a stable political economy, promising economic growth and an ideal living environment for foreigner.
Mr. Terence Alford, Director of Capital Markets & Investment Services
European investors eye $984 mln logistics center in Vietnam
www.vnexpress.net Belgian and Dutch firms have expressed interest in funding part of a $984 million seaport logistics complex in southern Ba Ria–Vung Tau Province.They proposed Wednesday to Prime Minister Nguyen Xuan Phuc to invest in Cai Mep Ha Logistics Center to oversee large container ships at the Cai Mep port complex, which in recent years has been one of the fastest-growing ports in the world.
Ho Chi Minh City: The new Eastern Bus Station of 4,000 billion has officially operated since October 2020
www.baodautu.vn The Department of Transport of Ho Chi Minh City has just issued a written request to the relevant agency to finish all the work so that in October 2020, the Eastern Bus Station will officially operate, after many delays. Accordingly, the new Eastern Bus Station in District 9 will officially operate on October 10, 2020. To ensure this, the Department of Transport requires a series of related agencies to complete the upgrading and expansion of Vo Chi Cong road, arrange appropriate medians, signs, and arrange locations for vehicle routes. bus,... colliers.com/vietnam
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’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 Long An is an emerging industrial region, competing with Binh Duong and Dong Nai www. nhipsongdoanhnghiep.cuocsongantoan.vn Speaking about the opportunities for Long An to become an industrial center in Western Vietnam, Ms. Vu Anh, Director Of Business Development at Colliers International, said that factors including a population of nearly two million and having a minimum wage in Region II would help Long An become a more competitive region, with lower costs than Binh Duong and Dong Nai, that could potentially attract more investors. Ms. Vu Anh also emphasized the advantages of Long An in terms of traffic and infrastructure, which are the focus for the province to improve upon.
Ms. Vu Anh Nguyen, Director of Business Development
Apple partner to invest US$1 billion for a manufacturing complex in Vietnam
www.vietnaminsider.vn These projects are expected to create 22,500 direct jobs and manufacture products that are supplied to Microsoft, Sony, Lenovo and Apple. Taiwan-based Pegatron, manufacturing partner of the world’s major tech firms such as Microsoft, Apple or Sony, has plans to invest US$1 billion to build a manufacturing complex at Nam Dinh Vu industrial park in the northern city of Hai Phong, according to a report from the Ministry of Planning and Investment (MPI).
Apple partner to invest US$1 billion for a manufacturing complex in Vietnam
Record high foreign reserves demonstrates Vietnam economic resilience: WB
www.hanoitimes.vn The World Bank expected the government to stimulate the recovery in the short term and preserve fiscal and debt sustainability in the longer term. As of end-August, the level of international reserves held by the State Bank of Vietnam (SBV) was equal to US$92 billion, up from US$80 billion at the end of December.
Exchange rate: Middle rate: Dong/ USD(EOP, %change)
Expectations are high for Thu Duc City, which contributes 7% of the country's GDP
www.diaoc.thesaigontimes.vn Ho Chi Minh City government expects the establishment of Thu Duc City will help it become a new growth pole to help boost the city economy. Ho Chi Minh City leaders expect Thu Duc City to contribute one third of the gross domestic product (GRDP) of Ho Chi Minh City or about 7 percent of the country's gross domestic product (GDP).
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’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 Profitable office buildings in Da Nang city despite COVID-19 pandemic www.vietnambiz.vn Despite the effect of COVID-19, the average rent of many office buildings in Hai Chau district, Da Nang city is at around USD 50/ m2/month. According to data from Colliers International, in the second quarter of 2020, thanks to the efforts of the Government battling against COVID-19, a number of businesses are able to return to normal. However, the city still sees limited growth. Office market does not record new supply in both Grade A and B buildings.
Profitable office buildings in Da Nang City despite COVID-19 pandemic
EVFTA took effect, exports to the EU increased www.congthuong.vn After 1 month, the Vietnam - EU Free Trade Agreement (EVFTA) took effect, from August 1, 2020 up to now, the export turnover to the EU region has reached 3.78 billion USD, about higher than about 600 million USD compared to the previous month. According to the Ministry of Industry and Trade, the effective EVFTA has created a great opportunity for Vietnam's exports, helping to diversify markets and export products, especially those with advantages in Vietnam, to enjoy high tax cuts.
EVFTA took effect, exports to the EU increased
How Vietnam’s Ho Chi Minh City will transform into a full-fledged smart city
www.vietnaminsider.vn Positive business sentiment and an encouraging national framework is laying the groundwork for Vietnam’s Ho Chi Minh City to blossom into a full-fledged smart city. With new trade and investment opportunities arising during the pandemic-dampened past few months, Vietnam and its business capital Ho Chi Minh City has stood out as an attractive destination, even within the fast-growing Southeast Asian region.
Thai firms to invest in thermal power plant in Quang Tri
How Vietnam's Ho Chi Minh City will transform into a full-fledge smart city
www.vir.com.vn Three leading energy businesses of Thailand recently signed a joint deal to develop the Quang Tri 1 thermal power plant in Vietnam. Three leading energy businesses of Thailand recently signed a joint deal to develop the Quang Tri 1 thermal power plant in Vietnam. Egat International and Ratch Group signed the agreement on September 16 with Egat International holding a 40 percent stake in the plant and Egco Group and Ratch Group equally dividing the remaining 60 percent. colliers.com/vietnam
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’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.
Denmark, WB propose roadmap for Vietnam’s offshore wind power development
www.thesaigontimes.vn The Danish Energy Agency and the World Bank Group presented their studies and recommendations on the development of the offshore wind power sector to the Vietnamese Government during a two-day international conference, which took place on September 22, just ahead Denmark, WB propose roadmap of the release of the new Power Development Plan VIII outlining the for Vietnam's offshore wind power development pathway for the next 10 years of the power sector in Vietnam with a vision toward 2045.
South Korea and Vietnam move to buck pandemic
www.vir.com.vn During her official visit to Vietnam last week – which was also the first by a South Korean senior official to the country since the spread of COVID-19 – South Korea’s Minister of Foreign Affairs Kang Kyung-wha and Vietnamese Prime Minister Nguyen Xuan Phuc agreed that the two nations will create the best conditions for experts, investors, and people from both sides to enter their own territories in order to increase the cooperation in tourism, investment, and trade.
South Korea and Vietnam move to buck pandemic
HCMC metro work gives massive boost to nearby house prices
www.vnexpress,net Construction of the first metro route in Ho Chi Minh City has boosted residential prices in its vicinity to 25-75 percent higher than launching prices. A recent report by real estate consultancy CBRE said that ever since construction of Metro Line 1 began in 2012, many residential and retail developments began adjacent to the route, particularly along the Hanoi Highway in District 2’s Thao Dien, Binh An and An Phu wards.
Housing demand soars in Ho Chi Minh City’s new creative urban area
www.tuoitrenews.vn According to official plans by Ho Chi Minh City’s authorities, a new city under the Ho Chi Minh City administration, named Thu Duc City, will be founded from the merger of District 2, District 9, and Thu Duc District, creating a municipality that will spread over 211 square kilometers and house more than 1.1 million people. The city is expected to become an economic spearhead with knowledge-based and innovative industries. Furthermore, the real estate market here is projected to heat up due to the increasing demand for houses, apartments, and office buildings.
Coronavirus costs Danang tourism at least VND26 trillion
www.thesaigontimes.vn By the end of this year, the central beach city of Danang will be able to receive just 2.7 million visitors, down 68.6% against 2019, while the total revenue from the Danang tourism industry is estimated at more than VND10 trillion, down 65.1%. Moreover, the municipal tourism industry will face a loss of VND26 trillion, according to the Tuoi Tre news site, which quoted the Danang City Department of Tourism. colliers.com/vietnam
Daily Real Estate News Highlights Top 5 - Daily Updated Real Estate News Colliers International’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 Exports help Vietnam recover its economy after Covid www.nhipcauthuonghieu.vn One of the most important commercial drivers to help the Vietnamese economy recover over the next 6 to 12 months will be the export market. The newly signed EVFTA signed in August 2020, after more than 10 years of negotiation, will further assist the expanding Vietnamese export market outside of ASEAN region. The additional financial capital generated will create more liquidity in the banking system and the surplus money supply will filter in to the real estate funding market allowing real estate developers and investors to have the facility to secure competitive bank funding and with less inflated bank interest rates.
Export help Vietnam recover its economy after Covid
Singaporean business keen on investing in Việt Nam
www.vnexpress.net Singapore is Viet Nam’s leading investor this year with more than US$6.54 billion or 33.5 per cent of total investment in the first eight months, according to the Ministry of Planning and Investment. South Korea was the second with $2.97 billion and China was third with $1.75 billion.
Tug of war in Japan’s diversification goals
www.vir.com.vn Despite the ongoing trade tensions between major economies, and the pandemic, supply chain shifts of Japanese investors are still taking place, mostly in the form of specifically targeted production expansions, with Vietnam being one of the prioritised destinations. Vu Ba Phu, director general of the Ministry of Industry and Trade’s Department of Trade Promotion noticed, “Japanese small- and medium-sized enterprises are increasing their investment in Vietnam,” adding that they “mostly focus on localities outside of Hanoi and Ho Chi Minh City,” unlike before.
Vietnam should play an active role in implementing FTAs
Singaporean bussiness keen on investing in Vietnam
Tug of war in Japan's diversification goals
www.congthuong.vn Actively implementing commitments of free trade agreements (FTAs) is a request emphasized by Minister of Industry and Trade Tran Tuan Anh at the meeting of the Supervisory Delegation of the National Assembly Standing Committee with the Government. on the implementation of FTAs to which Vietnam is a member, held this afternoon 23/9/2020 at the National Assembly House. colliers.com/vietnam
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’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: Highest office rent is USD 66 / m2 / month www.tinnhanhchungkhoan.vn At first place, Deutsches Haus is considered to the most expensive in this segment with a rent of USD 66 USD / m2 / month, not including the service fee of USD 7 / m2. This is one of the very few buildings in Southeast Asia to be awarded with LEED Platinum from the U.S and DGNB Gold from Germany. Ms. Nhu Khuong, Research & Consultancy Department, Colliers Vietnam, said that despite the impact of the Covid-19 pandemic, FDI continued to flow into Vietnam.
HCMC: Highest office rent is USD 66/m2/month
Potential for the economy
www.congthuong.vn According to a representative from Colliers Vietnam, aside from usual investment destination like HCMC and Hanoi, investors were starting to branch out to other potential areas such as Binh Duong, Long An, Dong Nai, Ba Ria - Vung Tau. There’s an increase in investment for infrastructure, logistics and service sectors. Preferential tax policies from EVFTA and a number of other agreements have created great opportunities for Vietnam's exports, helping to diversify markets and products. Mr. Terence Alford, Director of Capital Markets & Investment Services, Colliers Vietnam, said that one of the most important factors that helped Vietnam's economy recover in the next 6 to 12 months would be exports and EVFTA would be the bridge that connected to Vietnam to markets outside of ASEAN region..
Potential for the economy
Bright outlook for the economy
www.congthuong.vn In the first 8 months of the year, total FDI in Vietnam decreased by 13.7% over the same period in 2019, but according to the Foreign Investment Department (Ministry of Planning and Investment), in the context of global investment decline sharply, due to the impact of the pandemic Covid-19, this result is evaluated positively. According to economic experts, the movement of FDI investors from China and some countries to Vietnam is going strong.
Binh Dinh: Recruit investors for a trillion residential project
www.baodautu.vn Binh Dinh is inviting interested investors to register to implement the project of Anh Viet residential area of more than 1,300 billion VND. The investment objective of the project is to concretize the zoning plan of 1 / 2,000 scale for 12 urban wards, Quy Nhon city. The project will build a new modern residential area in terms of space, architecture, landscape; synchronize technical and social infrastructure systems. colliers.com/vietnam
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers International’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.
Vietnam's investment ministry proposes banning personal offshore investment
www.tuoitrenews.vn Vietnam's Ministry of Planning and Investment is calling for feedback on a draft decree to prevent Vietnamese nationals from investing in overseas real estate for the purpose of buying foreign citizenship, money laundering and other illegal activities. Vietnamese buyers were estimated to spend US$2-3 billion buying U.S. residential properties during the 12-month period from April 2016, according to NAR.
Vietnam's investment ministry proposes banning personal offshore investment
In 9 months, FDI focused most on processing and manufacturing
www.bnews.vn According to the report of the Ministry of Planning and Investment, as of September 20, 2020, the total newly registered capital, adjusted capital, contributed capital, and purchased shares of foreign investors reached 21.2 billion USD, equal to 81.1% over the same period in 2019. The realized In 9 months, FDI focused most on capital was estimated at 13.76 billion USD, equaling 96.8% over the same processing and manufacturing period in 2019. Of which, 1,947 new projects were granted investment registration certificates, down 29.4% over the same period..
Vietnam faces tough competition in FDI attraction
www.ven.vn Professor Nguyen Mai, chairman of the Vietnam Association of Foreign Invested Enterprises (VAFIE), said Vietnam is not the only country in Asia eyeing capital outflows from China. India and Indonesia are emerging as alternatives, too. Google and Microsoft are moving some of their production lines from China to Vietnam, while Japanese appliance-maker Panasonic will move its production of refrigerators and washing machines to Hanoi.
Work all set to begin on three North-South Expressway sections
www.vnexpress.net Vietnam is set to begin construction of three publicly-funded North-South Expressway sections on Wednesday. They are the 63-kilometer Mai Son – National Route 45 section between Ninh Binh and Thanh Hoa provinces in the north-central region, the 104-kilometer Vinh Hao – Phan Thiet section in the central province of Binh Thuan and the 98-kilometer section between Phan Thiet in Binh Thuan and Dau Giay in the southern Dong Nai Province.
Real estate developers interested in emerging markets
www.vietnamplus.vn There is a trend of real estate developers moving their investments from big cities of Hanoi and Ho Chi Minh City to other localities, experts have said. Speaking at a conference on property in 2021 and the rise of new markets held in the central province of Binh Dinh on September 26, Nguyen Van Dinh, deputy general secretary of the Vietnam Real Estate Association (VNREA) said a wave of investment in real estate projects in provinces has become more intense in the past few years. colliers.com/vietnam
INVESTMENT PROJECT COMMERCIAL DEVELOPMENT SITE IN NHA BE Phuoc Kien Ward, Nha Be District, HCMC
Summary Information • Location: Nguyen Huu Tho Street, Phuoc Kien Ward, Nha Be District, HCMC, VN • Land Area: 2,195.1 sq.m • Land Tenure: Freehold • Legal Status: Vacant land • Land Use Purpose: Commercial and Hospitality • Construction Density: 45% • Construction Land Area: 987.8 sq. m • Maximum Plot Ratio: 1.5 times • GFA: 3,292.65 sq. m • No. of floors: 3 Floors (Excluded basement & technical floor)
Site Plan • Residential
All enquiries and requests in relatio to this opportunity are to be directed to:
Terence Alford Director | Capital Markets 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
› Next to Galleria - a low rise existing residences › 1km to Dragon Hill Apartment Building › 3km to Nine South Villas, Lavila Villas and Zeigeist XII Project • Commercial & Facillites › 2km to Area 20 Park, local school and hospital › Under 5km to other shopping mall such as Cresent Mall, SC Vivo City, Lotte Mart D7 • Accessibility › Facade of the project is on Nguyen Huu Tho Street, connect directly and easily to access to other districts › Approximately 10km away from the CBD
INVESTMENT
HIGHLIGHTS
• Prime locaation Phuoc Kien Ward, Nha Be District, which conveniently, easilly access to other districts. • Clean and clear legal document, ready for acquisition. • Surrounding by residental projetcs/ existing residences - an added advantage for commercial development. • Advantage from future Metro Line No.4 on Nguyen Huu Tho St.
Accelerating success.
INVESTMENT PROJECT RESIDENTAIL DVELOPMENT SITE IN NHA BE Phuoc Kien Ward, Nha Be District, HCMC
Summary Information • Location: Nguyen Huu Tho Street, Phuoc Kien Ward, Nha Be District, HCMC, VN • Land Area: 9,954.8 sq.m • Land Tenure: Freehold • Legal Status: Vacant land • LandUse Purpose: Residential (Low-rise) • Transaction Type: Asset Transfer or Project Transfer
Site Plan
All enquiries and requests in relation to this opportunity are to be directed to:
Terence Alford Director | Capital Markets Main: +84 8 3827 5665 MB: +84 837 197 184 Email: Terence.Alford@colliers.com
• Residential › Next to Galleria - a low rise existing residences › 1km to Dragon Hill Apartment Building › Opposite to Metro City Project • Commercial & Facillites › Under 2km to Area 20 Park, local school, administration and hospital › Under 6km to other shopping mall such as Cresent Mall, SC Vivo City, Lotte Mart D7 • Accessibility
COLLIERS INTERNATIONAL Level 3, Deutsches Haus 33 Le Duan, District 1 HCMC | Vietnam www.colliers.com/vietnam
› Facade of the project is on Nguyen Huu Tho Street, connect directly and easily to access to other districts › Approximately 10km away from the CBD
INVESTMENT
HIGHLIGHTS
• Prime locaation Phuoc Kien Ward, Nha Be District, which conveniently, easilly access to other districts. • Clean and clear legal document, ready for acquisition. • Surrounding by residental projetcs/ existing residences - an added advantage for commercial development.
Him Lam Urban Area Trung Son Residences Him Lam Residences Nguyen Van Linh Blvd.
Kim Son Residences
Phu My Hung Urban Area
6B Intresco Residences T30 Residences
Dragon Hill Apt Building
• Advantage from future Metro Line No.4 on Nguyen Huu Tho Street • Flexible design and adjustable development framework
Galleria
SC Metro City Project
The Site
Accelerating success.
INVESTMENT PROJECT 3HA LOGISTIC HUB - AN HA IP
Summary Information • Location: Lot 15-17-19-21, Area G. D2 Street, An Ha I[, Pham Van Hai Commune, Binh Chanh District, HCMC • Land Area: 34,481.4 sq.m • Current Status: Bare Land • Legal Use Tenure: Until 2058 (38 years remaining) - Land use fee paid annually • Land Use Purpose: Industrial Land • Land Price: To be confirmed
All enquiries and requests in relatio to this opportunity are to be directed to:
Terence Alford Director | Capital Markets 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
Access and Transportation • Strategically located in An Ha Industrial Zone – which has been developed and operating since 2014, Binh Chanh district, HCMC. The area is nearby the border between HCMC and Long An Province, only 1 hour driving from HCM CBD. › To Tan Son Nhat Airport: 23 km INVESTMENT HIGHLIGHT › To HCM CBD : 23 km › To Cat Lai Port : 46 km • Clean and clear legal documents, ready for acquisition › To 1A National Road : 10,5 km • Location within HCMC gives the asset the advantage of › To Highway : 12 km
S
accessibility and transportation, especially for logistic and warehouse
• Surrounding by fully developed infrastructure and amenities
Accelerating success.
INVESTMENT PROJECT 15HA BONDED LOGISTIC HUB DINH VU DEEP C | INDUSTRIAL ZONE
Summary Information • Location: Lot CN5.6A, Dinh Vu industrial Zone, Dong Hai 2 Ward, Hai An District, Hai Phong City • Land Area: 150,000 sqm • Current Status: Construction on land included warehousem 2-storey office building, parking lot, etc • Legal Use Tenure: Until 2058 (38 years remaining) • Land Use Purpose: Logistic Hub • Land Price: To be confirmed
Existing Constructions
Note: According to the LURC No. CK 926688 dated on 23rd Feb 2018 All enquiries and requests in relation to this opportunity are to be directed to:
Terence Alford
Thuy Nguyen
Director | Capital Markets Main: +84 8 3827 5665 MB: +84 837 197 184 Email: Terence.Alford@colliers.com
Analyst | Capital Markets Main: +84 8 3827 5665 MB: +84 961 524 757 Email: Thuy.Nguyen@colliers.com
COLLIERS INTERNATIONAL
Thu Do
Level 3, Deutsches Haus 33 Le Duan, District 1 HCMC | Vietnam www.colliers.com/vietnam
Executive | Capital Markets Main: +84 8 3827 5665 MB: +84 963 241 320 Email: Terence.Alford@colliers.com
Accelerating success.
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
Terence Alford Director | Capital Markets Main: +84 8 3827 5665 MB: +84 837 197 184 Email: Terence.Alford@colliers.com
Thuy Nguyen Analyst | Capital Markets Main: +84 8 3827 5665 MB: +84 961 524 757 Email: Thuy.Nguyen@colliers.com
Accelerating success.
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