Monthly Real Estate News I September 2022 by Vietnam Realty

Vietnam Monthly Real Estate News Accelerating success. September 2022

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Daily Real Estate News Highlights

"The cooperation of 3" houses "will create better conditions in attracting investment in Quang Ninh" www.bds.tinnhanhchungkhoan.vn

Sharing with the Securities Investment Newspaper about the potential of industrial real estate in Quang Ninh, Mr. Chi Vu, Senior Manager of Industrial Services of Colliers (Vietnam) said: "Quang Ninh is one of the gateways to the sea of the Red River Delta and has a road border gate system along the border, which are convenient for import and export activities in the North. The province is also focusing on building large-capacity warehousing and logistics centers to become an attraction for FDI companies looking for the right environment to shift investment influx from China under the "China +1" policy.

Legal procedure for social housing in HCMC shortened to 153 days

www.congluan.vn

The time to legal proceedings of social housing projects in HCMC has been shortened to a maximum of 153 working days for developers who already obtained land-use right certificate.

Tightening of controls over land auction activities

www.diendandoanhnghiep.vn

The Hanoi People's Committee has issued Official Letter No. 2807/UBND-TNMT on enhancing land management, clearly stating the supervision of land auction activities."

Dong Nai issued new regulation on separation and combination of land plots

www.thesaigontimes.vn

Effective on October 1, specific regulations on eligibility for separation and combination of land plots and other conditions will be applied within the local area. This measure is made to prevent land speculation and those who take advantage of legal loopholes to divide agricultural land plots, ensuring stable and safe regional planning.

Explaining the FDI influx shifting to IPs in secondary localities such as Bac Giang and Ha Nam www.cafef.vn

Nikkei Asia reports, when real estate in prime locations in Vietnam is increasingly scarce while the wave of supply chain relocation continues, giant manufacturers such as Samsung and Walmart are tending to move to ready-built factories in second-tier localities.

Colliers News Legal procedure for social housing in HCMC shortened to 153 days Mr. Chi Vu Industrial Services Manager Colliers Vietnam

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Daily Real Estate News Highlights

“Bright door” for industrial real estate

www.markettimes.vn

Accordingly, citing Colliers' Asia-Pacific Market Overview Report Q2/2022, Mr. Vu Minh Chi said that amidst global macro uncertainties such as geopolitical tensions, energy crisis, inflation risks the investment wave was gradually shifting to assets that were less affected by the recession. In which, industrial real estate was one of the two segments (besides the office segment) that had led in the number of transactions in key markets of Asia - Pacific in Q2/2022. In the Vietnamese real estate market, according to Mr. Vu Minh Chi, the industrial real estate segment has been attracting the attention of foreign investors, most of which are from Korea, Singapore, and Japan and Hong Kong.

Supply chain shifts from China to Vietnam: Will Google be next?

www.diendandoanhnghiep.vn

Google plans to shift the assembly of its Pixel phones from Foxconn facilities in southern China over to Vietnam. “Part of Google’s newest Pixel phone production will be done in Vietnam and Google expects Vietnam to provide as much as half of next year’s high-end Pixel phones”, reported by The New York Times.

Modern, well-planned industrial parks with a system of ready-built factories are considered to be "expensive" in the last months of the year.

Google showed off two Pixel 7 and Pixel 7 Pro phones during its Google I/O event in May.

Unbinding the credit rooms, but capital flow 'easily' poured into real estate?

www.thesaigontimes.vn

Regarding the tightening capital outflows for real estate projects, the information about credit limit to be extended offers hopes for investors and businesses. However, many experts assessed that the number of rooms left remains very small, therefore there is a slim chance for the real estate market to absorb directly.

Ho Chi Minh City to have 2 yacht berths worth hundreds of billion VND

www.plo.vn

HCMC Department of Transportation has recently issued a document on investment, development and operation of maritime passenger terminals on Nha Be and Saigon rivers, including two yacht berths at Cape Den Do and Nha Rong – Khanh Hoi port area. According to experts, Vietnam and HCMC have full potential for the industry associated with yachts such as tourism and even manufacturing, so there is a need for standard berths in the future.

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

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News

Daily Real Estate News Highlights

Colliers News

When investing in an apartment is no longer "liabilities"

www.baodautu.vn

Choosing to invest in apartments or real estate is always a problem for many investors, especially when the market has many unpredictable fluctuations in the past time. According to Colliers Vietnam's apartment market outlook, the growth of FDI inflows will lead to an increase in foreign experts coming to Vietnam. This is an opportunity to help the apartment market recover and grow after the pandemic, especially in the context that international flight routes have been almost completely restored.

Khanh Hoa province will have Cam Lam airport urban area

www.thesaigontimes.net

Dated on Sep 7, the Decison No. 1052 approved the general planning task of Cam Lam new urban area by 2045. The administrative boundary of Cam Lam district will include 14 units with 54,719 hectares.

The Nguyen Van Linh - Nguyen Huu Tho intersection project will not be completed on time

www.plo.vn

Apartment projects in the central area always have high demand, good payment

The project is behind schedule due to the impact of COVID-19 and the prolonged relocation of items, as reported by the HCMC Traffic Construction Investment Project Management Board.

Commencement of National Highway 50 expansion project by the end of this year www.thesaigontimes.vn

The project to expand National Highway 50 (Binh Chanh district) is one of the key projects of Ho Chi Minh City to help remove traffic congestion, which will be started in December this year.

Concentrating resources on developing logistics centers to serve agriculture

www.vneconomy.vn

The Ministry of Agriculture and Rural Development was assigned by the Government to build and complete a logistics infrastructure project for agriculture, especially planning and implementing the construction of a warehouse system, logistics center serving agriculture and rural development. connecting industries to logistics centers and seaports, airports and border gates.

Khanh Hoa province will have Cam Lam airport urban area

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Daily Real Estate News Highlights

Real estate businesses find strategies to adapt to market fluctuations

www.reatimes.vn

The State Bank's news of credit loosening is a good sign for the real estate market. However, limited room rates still impose the developers on a long-term plan, in which M&A appear to be a possible solution to raise capital. According to Mr. David Jackson - CEO of Colliers (Vietnam), investors use M&A as a useful tool to collect assets with good prices and expand their land banks amid market fluctuations. Together with the promising economic recovery, the real estate market enjoys a sustainable growth trajectory with attractive potentials and high yields.

Investing in the development of infrastructure in Gilimex-Vinh Long IP

www.vietnamplus.vn

Deputy Prime Minister Le Van Thanh has just signed Decision No. 1050/QD-TTg approving the investment policy of the Gilimex-Vinh Long industrial park. The project is located in Tan Quoi town and Thanh Loi commune, Binh Tan district, Vinh Long province. Gilimex Vinh Long Industrial Park Joint Stock Company is the investor of the project.

Investing in the development of infrastructure in Gilimex-Vinh Long IP

Examining to legalize condotel ownerships and compulsory bank transfer over real estate transactions

www.thesaigontimes.vn

HCMC voters asked the Ministry of Construction to legalize condotel ownership and compulsory wire transfer over real estate transactions. The MOC responded to put these issues in the process of developing the revised Law on Real Estate Business.

Long Kieng Bridge (Nha Be) to be completed by the end of 2023 www.thesaigontimes.vn

On Sep 8, Nha Be District People's Committee of Nha Be district held a ceremony to continue the construction work. The project is expected to complete and put into use by the end of 2023.

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Daily Real Estate News Highlights

Industrial real estate continuously has positive changes www.reatimes.vn

Mr. Vu Minh Chi - Industrial Services Manager at Colliers Vietnam said: “We have seen many positive changes in recent times. For example, the number of orders looking for rental locations in industrial parks by foreign investors has increased significantly, especially since Q2/2022. After two years of delay due to the Covid-19 pandemic, businesses are restarting and accelerating projects. Even many decision-makers of enterprises have come to Vietnam to directly survey and speed up the project progress. Due Diligence is also significantly shortened, which used to take about 60 days, now it is only 30-45 days.”

Government approves investment policy of Dau Giay - Tan Phu expressway project

www.baodautu.vn

On Sep 6, the Dau Giay - Tan Phu expressway has been approved to be constructed (phase 1) by PPP model. The total investment in the project is estimated at nearly 8,400 billion VND.

Consider 'legalizing' condotels and make real estate transactions via banks compulsory

www.english.thesaigontimes.vn

Many new recommendations on condotels, deposit and payment for real estate transactions were raised by HCMC voters to the Ministry of Construction. In a recent response to voters, the housing authority said it would consider the above issue in the process of developing the revised Law on Real Estate Business.

Thai Nguyen approved the investment policy of 4 urban areas worth preliminary VND 1,684 billion capita www.vneconomy.vn

Thai Nguyen Provincial People's Committee recently approved the investment policy for 4 urban construction projects including: Dong Tien urban area project; Son Duyen urban area; Quyet Thang urban area; Urban area No. 1B. Preliminary total cost of implementing projects is more than 1,684 billion VND.

Top Daily Updated Real Estate News Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market. Colliers News Mr. Chi Vu Industrial Services Manager Colliers Vietnam Khai Quang Industrial Park in Vĩnh Yên City, Vĩnh Phúc Province.

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Daily Real Estate News Highlights

The Ministry of Construction continued to recommend apartment ownership with a definite term

www.thanhnien.vn

Commenting on this topic, Mr. David Jackson – CEO of Colliers (Vietnam) said: "Leasehold is not something new in other countries. However, as this is new for many in Vietnam, it is crucial to have thorough discussions, crafting reasonable roadmap, taking into consideration for a right balance of interests to ensure long-term goals".

HCMC - Moc Bai Expressway: Total investment of Phase 1 to reach 16,700 billion VND

www.vnexpress.net

Primary prices recorded to increase after new lauching due to rising costs and ambition for big profits. Meanwhile, speculators drop secondary prices as overwhelmed with cash from credit tightening.

Proposing taxation of land transactions based on annual land price bracket

www.plo.vn

Ho Chi Minh City - Moc Bai Expressway increased the total investment to more than 16,700 billion VND.

Recently, the Ministry of Natural Resources and Environment said that it is studying a plan not to collect real estate transfer tax (real estate) under a notarized purchase and sale contract, but according to the annual land price list, according to the market price.

Removing difficulties for commercial housing projects

www.diendandoanhnghiep.vn

Recently, HoREA has sent documents to the Standing Committee of the National Assembly 10 proposals to amend and supplement a number of legal provisions to remove obstacles for urban and commercial housing projects. HoREA proposed to continue implementing the mechanism "self-agreement between people and businesses in the transfer of land use rights to implement urban and commercial housing projects".

HCMC: The rent of premises on Dist. 1's "tourism economic" road has increased rapidly www.baodautu.vn

Le Loi Street, District 1 is called the "Tourism Economy" road, currently the rental price here has risen to several hundred million per month, depending on the area and location of the rental. Le Loi street is about 800m long, one side is adjacent to Ben Thanh market and the other side is adjacent to Nguyen Hue pedestrian street.

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

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Daily Real Estate News Highlights

Colliers News

Industrial real estate continues to soar

www.cafef.vn

In industrial parks in three key markets, namely Ho Chi Minh City, Hanoi and Da Nang, the average rent in the last quarter increased by 26%, 10% and 13% respectively over the same period last year.

According to Colliers - real estate services and investment management company, industrial real estate is one of the two leading segments in terms of number of transactions in key Asia-Pacific markets. The number of orders looking for rental locations in industrial parks by foreign investors increased significantly, especially since the second quarter.

Ha Noi asked for 5 more years to complete the Nhon metro line www.zingnews.vn

Hanoi People's Committee proposed to complete the Nhon metro project - Hanoi station in 2027, and the total investment increased by nearly 2,000 billion VND.

Economic growth will be more difficult in Q4/2022 and 2023

www.thesaigontimes.vn

Mr. Nguyen Chi Dung, Minister of Planning and Investment (MPI), said that the economy continues to recover, but growth will be more difficult in Q4-2022 and 2023.

HoREA recommends not legalizing property transactions via real estate exchanges

www.vneconomy.vn

The Ho Chi Minh City Real Estate Association (HoREA) has just sent a number of official documents to the National Assembly Standing Committee on the contents related to the amendment of the Land Law. In which, there is a proposal to prevent the loss of public property, which is a land resource, and is not required to make transaction through real estate exchange.

Dong Nai hasn't allocated enough land to build the Long Thanh airport

www.plo.vn

Dong Nai Provincial People's Committee has just reported to the Government on the implementation of land acquisition, compensation, support and resettlement (resettlement) of the Long Thanh airport project. In particular, the chorus "slowly" still covers the content of this local report despite the Government's constant urging. Specifically, the land area to be recovered to build Long Thanh airport is nearly 5,000 hectares (phase 1 must be recovered is 2,532 hectares, phase 2 is over 2,414 hectares). In which, the land of families, individuals and communities is nearly 3,000 ha; the organization's land is nearly 2,000 hectares; land of rivers and streams is 80 ha.

Top Daily Updated Real Estate News Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market. Many investment deals in the field of industrial real estate

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Daily Real Estate News Highlights

Will this year's "winter" cause the real estate market to collapse?

www.martkettimes.vn

CEO of Colliers Vietnam - Mr. David Jackson said that the Covid-19 pandemic over the past 2 years has caused many businesses to fall into a difficult situation, suffer mass losses, and not afford to continue developing their unfinished project. Therefore, they were forced to sell businesses with stronger financial potential. At the same time, Mr. Jackson pointed out that the main reason why the "big guys" with stable capital actively promoted acquisitions even though the value of old projects has increased many times was that they have legal difficulties when developing new projects. This could be a cause that lasted for decades, even contained many risks that made the project stuck.

Construction of four Vietnamese airports to begin from late 2022

www.thehanoitimes.vn

In order to appeal to investors, appropriate support from the State is needed during the investment and the exploitation. Vietnam's Deputy Prime Minister Le Van Thanh has requested the host provinces to quickly select investors so that the construction of four airport projects in Sa Pa, Quang Tri, Lai Chau, and Phan Thiet would kick off in late 2022 and early 2023.

Fixing land use rights for foreigners

www.vir.com.vn

Adding the provision that foreign individuals would be allowed to use residential land in Vietnam to the revised Law on Land could ensure uniformity and better consistency in the country’s current legal system.

Supply - demand in the real estate market is still imbalanced

www.baodautu.vn

Although the real estate market has had some positive changes, there is still an imbalance between supply and demand. Prices are still high and people with real housing needs are hard to reach. The market is entering the sprint phase, many businesses start offering products at the end of the year. Although many project investors have launched policies to stimulate demand, the gap between supply and demand is still quite large, so the sales of recent projects have encountered many difficulties.

Van Don International Airport in the northern province of Quang Ninh. Colliers News Mr. David M. Jackson Chief Executive Officer Colliers Vietnam

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Daily Real Estate News Highlights

Real estate companies taking strategic approach amid market fluctuations

www.tapchitaichinh.vn

The real estate market welcomed good news as the State Bank increased more rooms for credit loans. However, developers should take long-term solutions such as switching to social housing projects and M&A to adapt with low liquidity and financial distress.

Industrial supporting properties: A bright way for investors

www.diendandoanhnghiep.vn

Many real estate investors are giving preference to properties with high liquidity such as real houses, ancillary real estate in industrial zones. From April onwards, when the State Bank issued a notice on credit adjustment for the real estate market, the real estate market witnessed a period of calm.

Stop making apartments - reserve land for schools: Rapid urbanization with insufficient new schools

www.laodong.vn

The shortage of schools and classes is taking place painfully in many other districts in the Capital - places with rapid urbanization such as Ha Dong, Cau Giay, Nam Tu Liem... Even the whole district. In suburban areas like Thanh Tri, there is also an overload of schools and classes.

Projects with full legality in the real estate market can be counted on the fingers of one hand

www.cafef.vn

When the market is more volatile, buyers are more interested in the legal aspects of the project. However, the real estate projects eligible for sale at this time in Ho Chi Minh City as well as the surrounding areas are quite few. Project legal procedures are still the eternal story of the real estate market. In fact, the cause of this story is not entirely one-sided. However, the final consequence is that homebuyers have to bear the battle. In particular, in Ho Chi Minh City, when during the past years, legal procedures were difficult, many projects could not be released, although real estate enterprises and industry associations repeatedly proposed. Also from the legal "not through" has caused the real estate market to constantly lack new supply; house prices fluctuated higher.

Top Daily Updated Real Estate News Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market. Colliers News Real estate companies taking strategic approach amid market fluctuations Industrial supporting properties: A bright way for investors

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Daily Real Estate News Highlights

At the end of the year, what will the office market for rent in Ho Chi Minh City look like?

www.cafef.vn

"Besides the group of tenants in the information technology and real estate industry, many businesses have the need to rent office floors to operate co-working space. This model is a branch of the flexible office market which is suitable for individuals and small businesses. Businesses can easily adjust the size of their offices, increase the size of their businesses when there is a growth in personnel. With a variety of service packages, users can choose to fit their own usage needs. Co-working space is currently popular in big cities, it is expected that this type will be applied more in other provinces in the future. in the future," emphasized the representative of Colliers Vietnam.

Reform land policy, restore economic development

www.thanhnien.vn

Many experts believe that institutional reform, especially land policy, will create an important resource in economic development and improve people's living standards.

North-South high-speed rail: Big budget, high technology… and what else?

www.thesaigontimes.vn

At the end of the year, what will the office market for rent in Ho Chi Minh City look like?

In a recent report to the Steering Committee of important national and key infrastructure projects, the Ministry of Transport said that it is expected to be submitted to the Politburo in September for consideration and comments, on the investment policy of the high-speed railway project on the North-South axis according to the working program. The North-South high-speed railway project passes through 20 provinces and cities with a length of 1,545km and a maximum operating speed of about 320km/h.

Commencement of 3 infrastructure projects at the gateway of HCMC by the end of 2022

www.thesaigontimes.vn

In December 2022, HCMC will simultaneously start construction of 3 projects including An Phu intersection, construction of National Highway 50 and the road connecting Tran Quoc Hoan - Cong Hoa. In which, the construction project of An Phu intersection has a total investment of about 3,773 billion VND. National Highway 50 construction and expansion project, with a project investment of nearly 1,500 billion VND, has the first point of intersection with Nguyen Van Linh street, the endpoint is adjacent to Long An province.

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Daily Real Estate News Highlights

The real estate market has many bright spots revealed?

www.toquoc.vn

Mr. David Jackson, CEO of Colliers Vietnam, said that the real estate market in recent years has been like a "compressed spring". When the policy difficulties were removed, the market would have a strong bounce. However, the legal problems of real estate projects could hardly be solved in a short time. Therefore, it was necessary for the efforts of the authorities to solve the problems of the current real estate market, ensuring enough for owners and investors to have more confidence in the strong growth of the real estate market in the near future.

Low-income people confront stringent regulations as access to social housing

www.diendandoanhnghiep.vn

Inadequacies between regulations on taxable income and the 2014 Housing Law make many low-income people ineligible for social housing policies.

Foreign "giants" nurture high ambitions in Vietnam

www.baodautu.vn

Low-income people confront stringent regulations as access to social housing

Many large corporations are planning, accelerating the realization of investment strategies and expanding investment in Vietnam with many ambitions. Foreign "big brands" are still expressing interest in the Vietnamese market, many of which have been realizing their investment plans. Samsung, Intel… are typical examples.

Is real estate cycle foreseeing a recession?

www.tuoitre.vn

From the perspective of Japan's largest urban development enterprise with a 100-year history of development, Dr. Oh Dongkun, director of Tokyu Corporation in Vietnam, shared with Tuoi Tre the experiences for Vietnamese enterprises to overcome difficulties and increase housing supply.

Suggestions for real estate project transfer

www.plo.vn

Project transfer is one of the measures to solve difficulties for each project, contributing to the restoration of unfinished projects. Investors and associations propose to allow enterprises to transfer all or part of a project when a certificate is obtained or a decision on land allocation or land lease is issued by a competent state agency.

Top Daily Updated Real Estate News Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market. Colliers News Mr. David M. Jackson Chief Executive Officer Colliers Vietnam

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Daily Real Estate News Highlights

Social housing - Article 3: Trying to untangle the social housing system is impossible www.vietnammoi.vn

From a professional perspective, Mr. David Jackson, CEO of Colliers Vietnam, said that although the central and local governments have made great efforts to research and issue many policies, subsidies and incentives to encourage investors to participate in social housing development, in fact, the supply of this segment has never "caught up" with the actual demand. Vietnamese people often thought that they needed to settle down in order to develop a long-term career, as the saying goes, "have a stable place to live", so to speed up this process, Vietnam needed a "handshake" between the State and private enterprises in the spirit of non-profit..

Central Retail plans to build a shopping center in Dong Thap

www.vnexpress.net

Central Retail wants to facilitate the establishment of a commercial center and Mini Go in Dong Thap. According to Dong Thap portal, this proposal was made by the business side in a recent meeting with provincial leaders.

HSBC: FDI in manufacturing is a "shield" for Vietnam to withstand the global trade recession

www.vneconomy.vn

While FDI in exports is a "shield", service exports will contribute to the sustainability of the economies of ASEAN countries, including Vietnam. The report "ASEAN Outlook - Exports: A Surprising Resilience Story" has just been released by HSBC, assessing the resilience and potential of ASEAN, including Vietnam.

Bac Giang approved the planning of 50-hectares urban area and residential area www.vneconomy.vn

The People's Committee of Bac Giang province has just approved the planning of the urban area in the South of Cao Thuong town, Tan Yen district with an area of 43.24 hectares and the residential area combining commerce, services, and high-rise housing II-HH11 in the subdivision No. 2, Bac Giang City 6.72 hectares.

Top Daily Updated Real Estate News Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market. Colliers News Mr. David M. Jackson Chief Executive Officer Colliers Vietnam Central Retail plans to build a shopping center in Dong Thap

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Daily Real Estate News Highlights

Top Daily Updated Real Estate News

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

Colliers News

Scarcity of shophouse product lines in industrial hot spots in Binh Duong www.reatimes.vn

Mr. David Jackson, CEO of Colliers Vietnam also said that the development of new infrastructure and industrial zones has opened up a lot of opportunities for the local economy, which in turn led to the development of the real estate market in such area. Many "keen" investors often entered the new industrial zone oriented areas, which were in the early stages of development, even the investment profit margin could be many times higher than in the areas already established industrial zone saturation. This was also a trend that investors took advantage of to safely drop cash flow in the context of volatility.

Retail businesses are rushing to outlying areas www.nhipcaudautu.vn

Considering the limited land fund available in the CBDs of Ho Chi Minh city and Hanoi, retail developments will be expanding to outlying districts. According to Ms. Trang Do, Retail Services Manager, Colliers (Vietnam), although the pace of retail uptick could be tempered by persistent inflationary pressures and staffing shortages, retailers are locking in prime spaces before further rent increase and are using this time to strategically curate physicals stores for enhanced shoppers’ experience. Furthermore, foreign developers with years of experience in the country are seeking investment opportunities, especially large land fund for new commercial centers.

A series of key infrastructure projects in HCMC restarted construction

www.vnexpress.net

The unfinished Long Kieng, Nam Ly, Tang Long bridge and 10 key infrastructure projects will restart its construction work in the near future. These projects have been pending for years due to problems in site clearance.

Mr. David M. Jackson Chief Executive Officer Colliers Vietnam Ms. Trang Do Retail Services Manager Colliers Vietnam

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Daily Real Estate News Highlights

www.thoibaotaichinhvietnam.vn

The demand for premium real estate across office, industrial, retail, residential and hotels in APAC is becoming stronger. As one of the most promising markets in the region, Vietnam “is expected to see long-term growth and has great development potentials as a logistics hub linking ASEAN countries”, said Jax Cho – Head of Capital Markets & Investment Services at Colliers (Vietnam).

Investors and buyers play waiting game in credit switch

www.vir.com.vn

Mr. David Jackson, CEO of Colliers Vietnam, from a macroeconomic perspective, he think the act of allowing more room for loans from the State Bank of Vietnam has shown a timely and flexible effort to stabilise the market. In the context of economic recovery, understand that the Vietnamese government is doing its best to support and sustain essential business activities such as manufacturing and investments.

Colliers Vietnam said that the Asia - Pacific real estate market is recovering strongly and comprehensively.

Experts say that the potential for capital inflow in the short term in areas like Ho Chi Minh City is not too large.

ADB keeps Vietnam 2022 growth forecast unchanged at 6.5 percent

www.sggpnews.org.vn

The Asian Development Bank (ADB) has maintained its favorable economic outlook for Vietnam as it forecasts the country's gross domestic product to expand 6.5 percent in 2022 and 6.7 percent in 2023, based on the update of its flagship economic report released on September 21.

Chances for real estate investors to hunt the best deals at the end of 2022 www.plo.vn

The end of the year is an opportunity for investors with a capital market and a long-term vision. The real estate market in the last months of the year is warmed up when the investors release goods with attractive discounts. Along with that, individual investors are also quietly discharging their goods. To stimulate demand at the end of the year, many investors launched a series of incentive programs to attract buyers.

Global investors are shifting real estate capital to emerging markets in APAC

Colliers News

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Daily Real Estate News Highlights

Starting Ring Road 3, Binh Chanh real estate benefits greatly www.cafef.vn

Ring Road 3 is expected to improve the competitiveness of the Southern region. "The project will help improve traffic, connect supply chains, save logistics costs, promote the more efficient circulation of goods and services, thereby it encourages new industries and businesses to form in other regions. The qualified infrastructure and good regional connectivity will help attract more foreign investment for Ho Chi Minh City and localities in the whole region, "said a representative of Colliers Vietnam.

Vietnam's central bank increases deposit interest rate ceiling

www.vnexpress.net

For the first time in two years, Vietnam's central bank has made adjustments to raise interest rates including deposit, rediscount and refunding rates, taking effect from 23 September.

107 projects are added to Bac Ninh's land use plan in 2022

www.vneconomy.vn

Bac Ninh Provincial People's Committee has just issued Decision No. 401/QD-UBND approving additional land use plans in 2022. Accordingly, Bac Ninh province added 107 projects with an area of nearly 644 hectares to the land use plan. this year's land use of districts and cities; in which, in the industrial sector, Bac Ninh province added 7 projects, including 5 industrial parks and 2 industrial clusters.

Commencement of Nhon Trach Bridge on 24 September

www.thanhnien.vn

The bridge belongs to 1A subproject of HCMC Ring Road 3 including Nhon Trach bridge and 8km of roads, which is the most expected section connecting HCMC and Dong Nai.

Long Thanh Airport runway will start construction in December 2022

www.baodau.vn

The components including runway, taxiway and apron are currently being tendered to select a contractor. As planned, these constructions will be completed in June 2025.

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Daily Real Estate News Highlights

Foreign capital poured into the market, an opportunity for retail real estate investors in Vietnam

www.zingnews.vn

Mr. Morgan Ulaganathan - Head of Asset Services & Hospitality Advisory, Colliers Vietnam said that economic activity and disposable income are positively correlated with the vitality of the tourism and hospitality industries, from that influences the decision to invest in these asset classes.

Vietnam in global semiconductor spotlight as big-name investors show interest

www.vir.com.vn

Vietnam is climbing up the global supply chain thanks to the country's high-skilled, affordable labour and geographic proximity. This will benefit Vietnam’s long-term economic prospects.

Hai Phong: Developing marine economy to pave the way for investment and tourism

www.diendandoanhnghiep.vn

In 2021, the throughput of goods through Hai Phong port is estimated at 151,124 thousand tons, up 8.05% over the same period in 2020. Seaport revenue in 2021 is estimated at 5,755.1 billion VND, up 5% over the same period. period. It is known that in the first 8 months of 2022, the area with large container cargo throughput like Hai Phong increased by 8.41% over the same period. The volume of import and export containers has shown signs of steady growth, 2 - 4% respectively.

Noi Bai International Airport set for major upgrade

www.hanoitimes.vn

The construction of the runway and passenger terminal should start in the 2024-2025 period. Noi Bai International Airport is on course to handle 50 million passengers by 2030, for which a major upgrade is needed to avoid the risk of being overloaded. "Major investments are needed to make Noi Bai airport worthy of being an infrastructure of the capital and the country," Deputy Prime Minister Le Van Thanh gave remarks during his visit to the airport on September 21 to review its planning for the 2021-2030 period, with a vision for 2050. Given the huge magnitude of the project, Thanh called for each process to strictly follow regulations and the Government’s instructions.

A closeup of computer chips. Colliers News Mr. Morgan Ulaganathan Head of Asset Services & Hospitality Advisory | Colliers (Vietnam)

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Daily Real Estate News Highlights

Challenges to develop Proptech model in Vietnam

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Online transactions are growing in popularity, which presents great opportunities for evolving technology platforms. Recently, startups have seen the potential, so they have focused on developing this segment. However, recently, Propzy - a real estate technology platform, has announced its shutdown after raising $ 33 million from 3 rounds of funding, causing many people to question whether applying technology is effective?

Mr. David Jackson, CEO of Colliers Vietnam said: "Currently, the secondary market is dependent on traditional agents and brokers through the system of exchanges. The challenge for Proptechs is huge when transforming and digitizing the entire physical trading model. This requires a team that understands both technology and traditional real estate, not only Proptech, but also all stakeholders such as owners, developers and service providers".

Nhon Trach Bridge will complete construction in 2025

www.thesaigontimes.vn

It is expected that by September 2025, project 1A, belonging to the Ring road 3 of Ho Chi Minh City will be completed and put into operation. In this project, an important item is the construction of Nhon Trach Bridge, this is the second bridge connecting directly between Dong Nai - HCMC, after Long Thanh Bridge (belonging to the HCMC - Long Thanh - Dau Giay Expressway).

M&A investment in industrial real estate: appraisal should be taken seriously

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Vietnam continues to play the role of one of the stable manufacturing regions, converging on excellent conditions to attract investors to the industrial real estate sector. It is expected that M&A activities in this field are expected to grow significantly in the next 5-10 years. Hence, there are basic legal issues that investors who are considering acquiring industrial real estate should prioritize carefully before making a final decision.

Phan Thiet airport project will be constructed in 2023

www.thesaigontimes.vn

Deputy Prime Minister Le Van Thanh has just requested the People's Committee of Binh Thuan province to urgently explain the opinion of the Inter-sectoral Appraisal Council on adjusting investment policies and selecting a capable investor to start the construction of an airport investment project in Phan Thiet by 2023.

Top Daily Updated Real Estate News Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market. Colliers News Mr. David M. Jackson Chief Executive Officer Colliers (Vietnam)

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Daily Real Estate News Highlights

Colliers News

FDI inflows into real estate increased sharply

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As of September 20, foreign direct investment to real estate sector reached 3.5 billion USD, nearly doubled compared to the same period last year and ranked 2nd in total investments in Vietnam. The high disbursement of foreign capitals appear to be the bright spot for real estate market as credit loans are tightened and corporate bonds are limited. From an investment perspective, Mr. David Jackson - CEO of Colliers (Vietnam) assessed that the Vietnam real estate market remains high potential for investors thanks to the increasing housing demand and high concentration on infrastructure developments.

Revised Land Law: a series of issues that need to be clarified

www.vneconomy.vn

The Ministry of Natural Resources and Environment has drafted the Land Law (amended) proposal and made it available for public comment from all classes of people to contribute to effective law amendment. A series of comments from people and businesses on the Draft Land Law (amended) aims to create an effective, transparent and fair law for all parties.

The Terminal 3 at Tan Son Nhat International Airport must be commenced at the beginning of Oct 2022

www.sggp.org.vn

On September 27, at the Q3 briefing, Minister of Transport Nguyen Van The asked the units to speed up the construction progress of road projects and prepare to start a number of key aviation projects. Specifically, construction of 4 North-South expressway component projects in phase 1, construction of expressway projects in phase 2, and construction of Terminal T3 of Tan Son Nhat International Airport in early Oct 2022. HCMC: a series of large infrastructure projects to be completed in the next 3 years

www.baodautu.vn

Ho Chi Minh City Department of Transport (Transportation) has just sent the Department of Planning and Investment a list of key traffic works to be started and completed from now to 2025 in Ho Chi Minh City. These works aim to celebrate the 50th anniversary of the complete liberation of the South and reunification of the country. According to the list, there will be 17 projects completed in the period from 2022 to 2025 and 11 projects will start construction in the next 3 years, for a total of 28 projects.

Mr. David M. Jackson Chief Executive Officer Colliers (Vietnam) Revised Land Law: a series of issues that need to be clarified

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Daily Real Estate News Highlights

The trillion bet of Viva Land www.nhipcaudautu.vn

Recent M&A activities acquired by developers with financial strength and long-term vision are expected to revive pending projects and bring more vibrancy into the real estate market in Ho Chi Minh City. However, challenges still await in terms of construction and commercialization. On this matter, Mr. David Jackson - CEO of Colliers (Vietnam) assessed the high prospects of retail and office developments brought by the city's economic rebound and the rental demand from international businesses.

Ring Road 4 in the Hanoi capital area is nearly 86,000 billion VND, started before June 30, 2023 www.laodong.vn

The Ring Road 4 - Hanoi Capital Area project has a preliminary total investment of nearly 86 trillion VND. Prepare to invest, implement the project from 2022, basically complete in 2026 and put into operation from 2027.

East Hanoi to become a key economic hub: experts

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The infrastructure of the East area is continuously developed and upgraded, which has a direct impact on the real estate market in this area. The invested infrastructure not only leads to a wave of population displacement but also promotes the increase of real estate prices in this area. Therefore, the real growth pole of Hanoi seems to be focusing on the East area, promoting this place to become the most exciting real estate area in the capital today.

HCMC: Proposal to convert farmland to residential use in 21 projects

www.phunuonline.com.vn

According to the Department of Natural Resources and Environment, currently, the total farmland area in 2020 is 111,875 hectares, in the period 2015-2020 the area of farmland will decrease by 3,623 hectares, an average decrease of 725 hectares/ year. Because in the process of urbanization farmland is mainly converted to non-farmland for the construction of infrastructure works and residential land. Which, the area for rice cultivation in 2020 is 15,586 hectares, a decrease of 3,089 hectares compared to 2015 (the land for specializing in rice cultivation decreased by 1,468 hectares). Thus, the remaining land for rice cultivation to change the use purpose is 10,172 hectares.

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Daily Real Estate News Highlights

Where does capital for the real estate market come from in the last season of the year? www.thesaigontimes.vn

In the context that capital markets including securities, bonds, and bank credit are being tightened, capital inflows into the real estate market have also narrowed significantly. From now until the end of the year, investment flows from abroad through direct channels (FDI) and mergers and acquisitions (M&A) are being considered as two rare sources of driving force for the market.

According to Mr. David Jackson, CEO of Colliers Vietnam, macroeconomic difficulties such as rising interest rates and rising construction costs are causing investors to face financial difficulties. Therefore, M&A seems to be the best possible solution to ensure the project continues to grow. M&A activities will play a key role for domestic developers to raise capital in the near future.

Vietnam has the chance to become the world's chip manufacturing center

www.nhipcaudautu.vn

Currently, Vietnam ranks 9th globally in the field of exporting electronic goods. With its existing strengths, many international experts believe that our country has the opportunity to become the world's chip manufacturing center.

Commencement of the Air Traffic Control Tower at Long Thanh International Airport on Sep 29

www.thesaigontimes.vn

News from the Civil Aviation Authority of Vietnam said that on September 29, the special traffic control tower and ancillary works with an area of 24,000sqm under the project "Long An International Airport". The construction of phase 1” will be officially started by Vietnam Flight Management Corporation (VATM).

Long-term apartment ownership: The right has been protected www.plo.vn

On September 28, the Vietnam Real Estate Association (VNREA) held a conference to comment on amending the Law on Housing and the Law on Real Estate Business with the participation of many agencies, organizations, businesses and other organizations. The issue of the time limit for apartment ownership continues to receive many comments. In this draft (amended) Housing Law, the Ministry of Construction offers two options for the duration of apartment ownership.

Colliers News FDI is the main channel of capital for real estate from now until the end of the year. The door to the global chip manufacturing race opens with Vietnam

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