Monthly Real Estate News | August 2019 by Vietnam Realty

FOR SALE

INDUSTRIAL LAND

with Private Ownership

Accelerating Success.

2ha

3ha

VSIP II-A, BINH DUONG PROVINCE 100% foreign owned 100% vốn đầu tư nước ngoài

Land use term until 2058

CONTACT / LIÊN HỆ Mary Xu

+84 706 756 416 mary.xu@colliers.com

Thời hạn sử dụng đất đến 2058

Prepaid land use fee Phí sử dụng đất đã được thanh toán

Clean & clear asset Tài sản có pháp lý đầy đủ và rõ ràng

Available to sell separately Tài sản có thể chuyển nhượng riêng

Thu Dang

+84 343 994 066 thu.dang@colliers.com

COLLIERS INTERNATIONAL Level 3rd, Deutschues Haus HCMC 33 Le Duan Blvd, District 1 HCMC, Vietnam www.colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 01 August 2019

Top 5 - Daily Updated Real Estate News Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Ho Chi Minh City adds major developments to urban plans

VnExpress Saigon will renovate its inner districts, build commercial centers around metro stations, and develop infrastructure in all directions in the next six years. These proposals were recently approved by the government for incorporation in the city’s 2025 master plans. The municipal Department of Zoning and Architecture said on Wednesday it will advise the People’s Committee to identify a consultant for the purpose.

Ho Chi Minh City adds major developments to urban plans

Banks keen on housing sector despite SBV tightening

Vietnam News Nguyen Quoc Hung, director of the State Bank of Viet Nam’s credit department, recently told the media that banks have plentiful liquidity and are ready to lend to risky areas including the property sector. “Though we all know real estate is a business with high risks, it does not mean Banks keen on housing sector dethe banks restrict lending to the sector.” His statement came in the wake spite SBV tightening of the central bank making public a draft circular on adjustments to the Circular 36/2014/TT-NHNN, stipulating prudential ratios and limits in activities of credit institutions and foreign bank branches.

Vietnam’s Vietravel to raise $30m in bonds to fund airline venture

Deal Street Asia Vietnam’s top tour operator Vietravel is seeking to raise 700 billion dong ($30.17 million) from a bond sale to fund its project to launch an airline, a company source said on Friday, after some local media reported it. “We have submitted the bond sale plan to the State Securities Commission for approval,” the source, who declined to be identified, told Reuters. The 2-year bond would have an annual coupon of up to 11%, according to a draft plan seen by Reuters.

Korean firms pour millions into Vietnam

Vietnam Net KorCham, the association of South Korean enterprises in Vietnam, estimates that about three South Korean businesses are inaugurated each day in Vietnam. SK Group has announced a $1 billion investment in VinGroup to acquire 6.1 percent of shares of the Vietnam’s biggest. conglomerate. In 2018, SK Group made a $500 million investment into Massan Group. The South Korean corporation has set up SK Southeast Asia Investment.

Vietnamese firms urged to handle EVFTA non-economic barriers

Vietnam News High-quality standards and non-economic barriers set by EU importers could force local firms to make drastic innovations with the aim of meeting these requirements and seeking higher productive capacity. The EU-Vietnam Free Trade Agreement (EVFTA) states commitments to services, investment, and public procurement, along with other regulations such as market openness and technical measures in certain fields. For market research reports, please visit our website at www.colliers.com

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). All material are sourced and collated in this document by Colliers is from the public domain. ©2019. All rights reserved. vietnam.media@colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 02 August 2019

Novaland listed on Vietnam Sustainability Index Vietnam Investment Review Key property developer Novaland Group’s shares have one more time been named in the Vietnam Sustainability Index (VNSI) this July. To commemorate its efforts to do business in the most effective and safe manner, Novaland Group’s shares were listed on the Vietnam Sustainability Index (VNSI). The VNSI consists of listed companies with the highest scores of sustainability. The index is announced in every July. Viet Nam seeks foreign investment in infrastructure projects Bizhub Foreign investors are getting access to various master plans and priority infrastructure projects and hearing directly from policymakers and authorities at the Infrastructure Vietnam Summit that opened on Thursday in HCM City. Held for the first time, the two-day event is focused on attracting foreign direct investment in

Novaland Group is one of the leading property developers in Vietnam

The Sai Gon Metro Bridge on the Ben Thanh – Suoi Tien metro line runs parallel to the Sai Gon Bridge.

Foreign investors continue to pour money into Đồng Nai Vietnam News The southern province of Đong Nai lured more than US$1.14 billion in foreign direct investment (FDI) in the first seven months of this year, easily surpassing its target for the entire year, according to the provincial Department of Planning and Investment. During the period, the province granted licenses to 55 new projects worth more than $537 million in total. It also allowed 64 existing projects to raise their capital levels by $604 million. Lotte opens its third Duty Free store in Vietnam Vietnam Insider Spanning over 506 square meters, the store inside the departure area in Hanoi Airport sells perfumes, cosmetics, liquor, tobacco, food, and more, from 90 brands. It also exclusively sells products from 21 brands including South Korea’s History of Whoo, Kim Da-sol reports on Korea Herald. The duty-free operator said it expects sales at the store to reach 200 billion won ($168 million) over the next decade. SoftBank, GIC complete investment in VNPAY’s parent firm VNLIFE Deal Street Asia VNLIFE, the parent company of Vietnamese payments firm VNPAY, has bagged funding from SoftBank Vision Fund and Singapore’s sovereign wealth fund GIC, its chairman confirmed on Thursday. Earlier this week, DealStreetAsia had reported that the Vision Fund had committed to invest up to $200 million in VNPAY, while GIC had proposed a $100-million investment. Tran Tri Manh, chairman of both VNLIFE and VNPAY, told local news site CafeF that VNLIFE has closed the investment from the two investors. He declined to comment on the quantum of funding received.

For market research reports, please visit our website at www.colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 05 August 2019

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

Industrial property gains from EVFTA

The Voice Of Vietnam Industrial property in Vietnam is stepping into the spotlight with the signing of the EU-Vietnam Free Trade Agreement. Michael Chan, head of sales and marketing at US-based BW Industrial Development JSC, told VIR that the EU-Vietnam Free Trade Agreement (EVFTA) is one of the most ambitious agreements concluded between the EU and a developing country and that it will leverage foreign direct investment (FDI) to Vietnam.

Green buildings benefit both investors and home buyers

Industrial property gains from EVFTA

Vietnam News Green buildings provide more benefits for investors in the long term than normal buildings and reduce the economic burden for low- and middle-income families, according to the general secretary of Viet Nam Real Estate Association (VNREA) Nguyen Viet Chien. Chien spoke at a workshop in Ha Noi on Friday about the costs and benefits of greening the affordable housing sector. He said investing in affordable housing projects Green buildings benefit both investors and home buyers would bring positive results for developers.

500Startups Vietnam Partners with Kafnu Ho Chi Minh City

Vietnam Insider 500 Startups Vietnam teams up with Kafnu Ho Chi Minh City to support entrepreneurship in Vietnam. To mark the start of the partnership, 500 Startups Vietnam and Kafnu Ho Chi Minh City hosted an exclusive event attended by more than 100 technology entrepreneurs. At the event, guest speaker Saalim Chowdhury, Partner at 500 Startups and Saola Accelerator Program Director, spoke about “Secrets to a Great Growth Funnel”, shedding light on growth drivers of a startup and debunking “growth hacking”. The Saola Accelerator aims to support three batches of Vietnam-connected startups with US$100,000 investment in each company in addition to programmatic support.

Vietnam, Russia’s Primorye region step up economic cooperation

Vietnam Plus Vietnamese Ambassador to Russia Ngo Duc Manh on July 26 had a working session with First Governor of Russia’s Far Eastern region of Primorye Vera Shcherbina, discussing measures to promote collaboration in economy-trade between the Russian locality and Vietnamese businesses. At the event, both sides agreed the Vietnam-Russia strategic partnership has seen strong growth in all sectors.

FDI looking bright into future

Vietnam Economic Times The bump in FDI during the first six months of the year is expected to continue as a number of factors take hold. he MCE Group from the Netherlands revealed its investment of $250 million in southern Binh Phuoc province’s cashew industry at a meeting with provincial leaders in mid-June. The group will build a cashew nutshell liquid factory, which covers 10 ha in Duc Lieu commune, Bu Dang district, and develop a 190-ha organic cashew plantation in Duc Lieu in order to provide clean, high-quality cashew nut products for export. For market research reports, please visit our website at www.colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 06 August 2019

Nam Long Group invests capital, land prices bounce

Tin Nhanh Chung Khoan HCMC – Long An real estate market, which is facing undersupply, is heating up, as property trading floors begin to sell land-attached housing products of Waterpoint township project, invested by Nam Long Group, in Long An province. The deployment of the Waterfront project is also a driver for the significant increase for land prices in Long An when investors see developed infrastructure and a methodically-planned modern township adjacent to HCMC.

Nam Long Group invests capital, land prices bounce

Kien Giang creates a solid foundation to attract investment

Nhan Dan Online An investment promotion conference into Kien Giang province is schedule to take place on July 29, offering an opportunity for the southern province to continue promoting its policy and major development orientation, as well as its potential and investment opportunities in all fields, to domestic Kien Giang creates a solid foundation to attract investment. and foreign investors. The Chairman of Kien Giang People’s Committee had shared with Nhan Dan Newspaper on a number of related issues.

Fairfield by Marriott signs first two contracts in Vietnam

Vietnam Investment Review Today at Marriot Hanoi Hotel, Times Garden Vietnam and Marriot International signed a contract to manage Fairfield by Marriott Vinh Yen and Fairfield by Marriott Halong Bay. With this signing, the Fairfield by Marriott brand aspires to continue to develop markets in the Asia-Pacific, particularly in northern Vietnam. The legal procedures and construction of these two hotels will be completed as soon as possible to ensure the scheduled opening in 2022.

Long Thành Airport to be equipped with modern technologies

Vietnam News Long Thành International Airport, one of Viet Nam’s key projects, will make use of the most advanced technologies to reach the service quality and flying safety standards of the world’s leading airports. The modern technologies are the most prominent highlights in the Ministry of Transport’s feasibility study report of the Long Thành International Airport in the first phase, which was recently sent to Prime Minister Nguyen Xuân Phúc and the State Appraisal Council for approval.

Vietnam ranks 23rd in Global Firepower list

The Voice Of Vietnam Vietnam has found itself ranked at number 23rd in the complete Global Firepower (GFP) list, which compiles the military powers of the world into a list based on a variety of factors. According to the 2019 Military Strength Ranking, the nation’s PowerIndex (PwrIndx) score was 0.3988, making it 23rd overall in the world, and second in the Southeast Asian region. In 2017’s GFP list, the country was ranked 16th in the world with a PwrIndx score of 0.3672 while the nation earned a PwrIndx score of 0.4098, placing it at 20th in the world and second in Southeast Asia.

For market research reports, please visit our website at www.colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 07 August 2019

Hong Kong leads source of foreign direct investment in Vietnam in first 7 months 2019

Vietnam Insider South Korea ranked second with more than $3.13 billion. Mainland China came third with $2.45 billion while Singapore and Japan followed with $2.29 billion and $2.25 billion, respectively, the agency said. According to a report by Vietnam News Agency, in total, foreign investors pumped Hoa Hoi plant is the largest renew$20.2 billion into Viet Nam in the seven-month period, down 13.5 percent able energy plant in Phu Yen and in central region of Vietnam. compared to the same period last year.

Land shortage affects national social housing target

Vietnam News To address the shortage of low-income housing, Prime Minister Nguyen Xuan Phac has told the Ministry of Construction to review the use and planning of urban land available for social housing nationwide and submit the results to him by September.

Hanoi attracts US$16 million in new FDI in July

The Hoa Binh - Moc Chau expressway is invested in the form of PPP

The Voice Of Vietnam Hanoi granted investment permits to 68 foreign direct investment projects during July with a total registered capital of US$16 million, as reported by the municipal Department of Planning and Investment. Since the start of 2019, the city has attracted 475 new foreign direct investment (FDI) projects worth a combined US$270 million in registered investment capital, Dau Tu (Investment) newspaper quoted the department as saying.

Firms advised to better product quality to boost exports to EU

Vietnam Plus Vietnamese enterprises should improve the quality of their products and meet all the requirements of the European Union to enjoy tariff-related advantages and increase exports to the region, once the recently-signed EU-Vietnam Free Trade Agreement (EVFTA) becomes effective. The advice was made by Miriam Garcia Ferrer, Head of the Trade and Economic Section of the Delegation of the European Union to Vietnam, at a Vietnam-EU Trade Forum on the EVFTA, which was jointly held by the Ministry of Industry and Trade and the delegation in Ho Chi Minh City on July 30.

Binh Duong meets FDI attraction goal

The Saigon Times Binh Duong Province has obtained this year’s foreign direct investment (FDI) attraction target, with nearly US$1.45 billion pledged in the southern province during the January-June period, soaring 70% year-on-year and exceeding the entire year’s goal by 3.5%. Speaking at a dialogue with Korean businesses held today, July 30, Nguyen Thanh Truc, director of the Department of Planning and Investment, noted that the local government had granted certificates of investment to 116 new projects in the first six months of 2019, with total capital reaching US$648.3 million. For market research reports, please visit our website at www.colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 08 August 2019

Vinhomes reports doubled Q2 profit VnExpress Real estate giant Vinhomes earned an after-tax profit of VND8.46 trillion ($365 million) in the second quarter, up 102.9 percent year-on-year. The corporation’s consolidated second-quarter revenues also increased 309 percent to VND20.9 trillion ($902 million). Its consolidated Q2 2019 Residential area of Vinhomes Cenreport said the surge in revenue and profit was largely due to Vinhomes tral Park in Ho Chi Minh City. delivering a number of subdivisions in its major projects.

Trade surplus widens to US$1.8 billion in seven months

The Voice Of Vietnam Vietnam retained its trade surplus worth an estimated US$200 million in July, yielding a combined surplus of US$1.8 billion for the country’s trade balance during the first seven months of the year. Exports brought home US$145.13 billion in the seven-month period, an increase of 7.5 percent Trade surplus widens to US$1.8 bilon the year, Vietnam Economic Times quoted the General Statistics Office lion in seven months. of Vietnam as saying.

HCM City to renovate old buildings

Vietnam News HCM City authorities have a new solution to attract investors to participate in apartment renovation projects. In cases where the buildings will be demolished, investors will be given the land to build new structures for other purposes in exchange for the construction of resettlement buildings in an area near the old buildings. The city’s People’s Committee has authorized district People’s Committees to implement the projects under the direction of the city’s Department of Construction. The city government will pilot this new solution in District 3.

Viet Nam’s new FTA with EU a “role model” for ASEAN members

Bizhub Viet Nam is expected to become a “role model” for other countries in the ASEAN region when its free trade agreement with the EU takes effect early next year, a EuroCham official has said. Jean Jacques Bouflet, vice chairman of EuroCham in Viet Nam, said that Viet Nam would have “privileged access” to Europe’s 500-million-strong consumer market under the agreement, which was signed in June. Viet Nam is among the top 10 exporting countries to the EU.

South Eastern Vietnam shows the highest demand for online financing

Vietnam Insider To distinguish the demand by regions and cities, the company has studied the data of 466 thousand customers who have used its services in Vietnam in 2019. The analysis has revealed that advanced economic development and urbanization are the main drivers of the penetration of online financing solutions. Thus, South Eastern Vietnam has received an index of 2.21. It means that its highly urbanized local population, which is actively consuming goods and feels at ease with digital technologies, fall back upon online financing more than twice as often as on average in the country. For market research reports, please visit our website at www.colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 09 August 2019

Vietnam: Son Kim Land bags $121m funding led by EXS Capital, ACA, Credit Suisse

Deal Street Asia Vietnamese property developer Son Kim Land has closed another round of investment worth $121 million from a consortium led by existing investors EXS Capital and ACA Investments, as well as new backer Credit Suisse. Joining the third equity financing for Son Kim Land is Skymont Capital, a real estate investment firm with a mandate in Asia and US markets.

Investment registration and Enterprise registration certificate for foreign investors in Vietnam Vietnam Insider Vietnam is considered as an attractive investment destination and it is favored by investors for its transparency and continuous improvements. As a foreign investor in Vietnam, after being approved to establish a wholly foreign owned company, the competent authorities will issue 2 certificates for the investor, namely Investment registration certificate and Enterprise registration certificate.

Estate market expected positive growth in year-end months

Vietnam: Son Kim Land bags $121m funding led by EXS Capital, ACA, Credit Suisse.

Investment registration and Enterprise registration certificate for foreign investors in Vietnam.

Bizhub More positive signs would appear in HCM City’s property market in the year-end months despite difficulties in the first half of the year, said Chairman of the HCM City Real Estate Association Le Hoang Chau. At a seminar in HCM City earlier this week, Chau said it was not a rosy picture in the property market. Since March 7, 2017, when the Prime Minister requested the projects using State-owned land to be reviewed, the market has faced considerable challenges and difficulties. In 2017, the real estate market grew 4.07 per cent from the previous year but began to decline in 2018.

PM Phuc appreciates Hong Kong-based TTI’s investment in Vietnam

The Voice of Vietnam Prime Minister Nguyen Xuan Phuc expressed his appreciation for large-scale investment and long-term plans in Vietnam by Techtronic Industries (TTI) – a world-leading Hong Kong-based manufacturer of cordless power equipment while receiving its Chairman Horst Julius Pudwill in Hanoi on August 6. PM Phuc assured the Vietnamese Government’s commitment to offering the best possible conditions for investors, including TTI, to do business successfully in the country.

Long An seeks FDI boost to industrialisation plans

Vietnam News The southern province of Long An is giving top priority to foreign investment in urban residential area construction, transport, industrial infrastructure, hi-tech agriculture, and supporting industry, according to provincial authorities. The statement was made by Vo Ngoc Dinh, deputy director of the province’s Department of Planning and Investment. Dinh said that the province is seeking to become modern and

industrialised by 2020.

For market research reports, please visit our website at www.colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 12 August 2019

Dat Xanh Group to issue over 87 million shares

Vietnam News Dat Xanh Group plans to issue over 87.45 million shares for existing shareholders at a 4:1 ratio. With the issuing price of VND100,000 (US$4.3) per share, the corporation expects to collect over VND874 billion through this share issuance.This amount of money will be used to develop Nam Rach Chiec Residential and Resettlement Project (Gem Riverside project) from this year-end to 2021.

Long haul flights to shift from Tan Son Nhat to Long Thanh airport

The Voice Of Vietnam When operational, the Long Thanh International Airport will receive planes flying 1,000 kilometers and more. The move is planned to reduce the burden on the heavily overloaded Tan Son Nhat International Airport, currently the biggest in the country. In the future, the Tan Son Nhat Airport in Ho Chi Minh City will receive narrow-bodied jets like Airbus A321 and Boeing 737 used for routes under 1,000 kilometers, the Ministry of Transport said in the feasibility report it submitted to the government in late July for the new Long Thanh International Airport.

Money collected from shares issuance by the Dat Xanh Group will be used to develop the Nam Rach Chiec Residential and Resettlement Project.

An artist’s impression of the Long Thanh International Airport’s departure area.

Vietnam tech company pledges US$10M fund for early-stage startups

Vietnam Insider 5The main purpose that the fund aims is to provide coaching for startup founders so they can raise larger rounds of capital from other local and international investors as part of scale-up plans, as reported by DealStreetAsia. During the launch, the company said that the fund will participate in seed rounds of startups with an investment ranging from US$100,000 to US$1 million. This decision, the company highlighted, is a move to help technology entrepreneurs in the middle of the burgeoning startups ecosystem the country is having.

Nomura Real Estate acquires Vietnamese office tower

Deal Street Asia Nomura Real Estate Development has acquired Zen Plaza, an office complex in Ho Chi Minh City, Vietnam for an undisclosed sum. The deal was completed this month. Zen Plaza Co Ltd, the developer of the property, was founded in 1995 as a joint venture between local company Saigon Co.op and Japan’s Hasegawa Corporation. In 2003, Zen Plaza was acquired by Yazuya, a Japanese company operating in functional food manufacturing and real estate.

Industrial zone real-estate stocks soften market’s fall

Bizhub Vietnamese shares extended losses on Tuesday morning but a surge in industrial zone real-estate stocks helped lessen pressure on the market. The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost 0.94 per cent to close at 963.96 points. The VN-Index dropped 1.81 per cent to close Monday at 973.15 points. More than 92 million shares were exchanged on the southern market, worth VNĐ2.3 trillion (US$97 million). The HNX-Index on the Ha Noi Stock Exchange fell 0.83 per cent to end at 102.06 points.

For market research reports, please visit our website at www.colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 13 August 2019

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

Grant Thornton: Trade war not dampening confidence in Vietnam Vietnam Economic Times

Asia-Pacific businesses benefiting from shift in manufacturing from US-China trade war, according to Grant Thornton study. Asia-Pacific businesses are caught in the crossfire of the US-China trade war and no matter how it ends, trade patterns in the region are likely to change permanently and it will be those businesses with the most strategic foresight that stand to benefit, according to Grant Thornton. Novaland reports 88 per cent revenue growth in H1

Nam Long Group invests capital, land prices bounce

Bizhub Property developer Novaland Group has reported an 88 per cent year-on-year jump in net revenues in the first half of the year. In a report on its business results, the company said revenues had been worth nearly VND8.1 trillion (US$348.3 million). Gross profit was VND2.2 trillion, a 53 Kien Giang creates a solid foundation to attract investment. per cent jump. In the first six months NVL handed over 2,936 units, a year-on-year increase of 185 per cent and 50 per cent of its full-year target.

Province wants Phu Quoc named economic zone VnExpress

Kien Giang authorities want the government to make Phu Quoc Island an economic zone pending the passage of the law on special economic zones. In a recent letter to Prime Minister Nguyen Xuan Phuc, the southern province said the plan to make Phu Quoc a special economic zone (SEZ) should be kept in abeyance until the SEZ bill is passed by the National Assembly. It also sought permission to draw up a new socio-economic development plan for the island which would turn it into the Phu Quoc Economic Zone instead. The plan to turn Phu Quoc into an SEZ was first approved in August 2018 with areas earmarked for urban development, tourism, services, housing, agricultural and forestry development, and specialized areas for airports, seaports and non-tariff zones. Can Tho conference welcomes Singaporean, Malaysian investors

Vietnam Plus A conference welcoming Singaporean and Malaysian firms took place in the Mekong Delta city of Can Tho on August 6. Speaking at the event, Managing Director of Business Media International and head of the Malaysian delegation Dato William Ng hailed Can Tho as the most promising locality in the southwest with the best and most abundant workforce, convenient transportation infrastructure, a gateway to the Lower Mekong River basin and an important inter-regional and international transportation hub. Can Tho is also highly appreciated for its investment policies in education, health care, tourism, biotechnology, information technology and logistics services.

For market research reports, please visit our website at www.colliers.com

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). All material are sourced and collated in this document by Colliers is from the public domain. ÂŠ2019. All rights reserved. vietnam.media@colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 14 August 2019

Da Nang emerges as favourite destination for Japanese investors The Voice Of Vietnam

After lagging behind other provinces and cities nationwide in attracting Japanese investment, the central city of Da Nang has emerged as a popular destination for investors from the Land of the Rising Sun. Statistics released by the Municipal Department of Planning and Investment showed that Japan investors to date have poured more than 950 million USD in 194 projects, ranking first among over 40 countries and territories investing in the city. Danang seeks solutions for hotel development

The Saigon Times As many as 1,000 participants active in the tourism and hospitality sectors will attend Danang Hotel Solutions Workshops and Exhibition 2019, which takes place on August 29, to seek solutions for the development of the hotel industry in Danang. The event is expected to help present the most practical solutions for hotel growth.

Da Nang city has emerged as a popular destination for investors from Japan.

Danang seeks solutions for hotel development.

Strong desire for M&A deals in real estate Vietnam Investment Review

Foreign investment flows into Vietnamâ&#x20AC;&#x2122;s property sector through merger and acquisition transactions have been reported to be on a strong momentum, with outstanding deals made in 2018 and the first half of 2019. Bich Ngoc reports. The latest M&A deal was made by Keppel Land from Singapore, which entered into a conditional share purchase agreement with domestic developer Phu Long Real Estate Corporation to acquire 60 per cent interest in three land parcels, spanning 6.2 hectares in Nha Be District of Ho Chi Minh City for a total of VND1.304 billion ($56.7 million). According to Keppel Land, partners plan to develop a total of 2,400 premium apartments with ancillary shophouses which will offer more than 14,600 square metres of commercial space to the market. FLC to increase capital with $129 mln rights issue

VnExpress Property and leisure company FLC Group plans to increase its charter capital by VND3 trillion ($129 million) by issuing shares to existing shareholders. It plans to sell 300 million shares at VND10,000 (43 cents) at a ratio of 422 shares to every 1,000 held, as said in a statement. The issue opened on Monday. But with its share trading at VND3,990 (17 cents) on Wednesday morning, it is not clear how the company plans to persuade shareholders to buy at par. FLC has a charter capital of almost VND7.1 trillion ($305 million), and the new issue will increase it to VND10.1 trillion ($434 million). The money raised will be invested in some property developments and used to increase the charter capital of its Bamboo Airways from VND1.3 trillion ($56 million) to VND2 trillion ($86 million), the company said.

For market research reports, please visit our website at www.colliers.com

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). All material are sourced and collated in this document by Colliers is from the public domain. ÂŠ2019. All rights reserved. vietnam.media@colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 15 August 2019

Legal stability required for condotel investment Vietnam Investment Review In recent years, the concept of condotels has been dominating the real estate market in Vietnam, and generating a wave of interest in this type of real estate investment. The term, which means a combination of condominium and hotel, is used to indicate a building Only experienced and thorough inthat is owned like a condominium but operated like a hotel. vestors will be able to avoid confuOfficial channel to feed real estate market with supply info sion in the current condotel-buying arena. Bizhub An official channel that will provide Vietnam’s real estate businesses with information such as the number of licensed and awaiting-licensed projects in a given area is being developed by the Department of Properties and Real Estate Management under the Ministry of Construction and the Vietnam National Real Estate Association (VNREA). Official sources said a pilot programme is underway to collect data from six chosen cities Official channel to feed real estate market with supply info. across the country, namely Ha Noi, Ho Chi Minh City, Da Nang, Hai Phong, Khanh Hoa, and Can Tho.

Policy reform is key to unlock Vietnam’s M&A future

Vietnam Investment Review As new policies and trade deals change the focus of M&A inflows to Vietnam, the Vietnamese government is expected to remove legal barriers, create a positive environment for foreign investors, and push the divestment process at state-owned enterprises. In the first panel discussion at yesterday’s Vietnam M&A Forum 2019 in Ho Chi Minh City, policymakers and industry experts have talked at length about legal reforms that can push the M&A market forward.

Hai Duong approves seven projects worth $11.6m

Vietnam News Earlier this month, the Hai Duong People’s Committee granted in-principle approval for seven new projects valued at more than VND267 billion (US$11.6 million) in total. Among these projects were a VND97 billion convention centre and office project, to be financed by Phu Thai Trade and Investment Company; a VND50 billion project producing electronics components to be funded by HTV Investment and Development Company, and a petroleum trading project, to be developed by Anh Khoi Trade and Service Company at a cost of VND36 billion.

Vietnamese proptech startup Propzy seeks $25m in Series B

Deal Street Asia Vietnamese proptech startup Propzy is planning to raise $25 million in Series B funding round later this year to expand its financial relationship management and property management products. Propzy has secured a total of $12 million in funding since 2016. Its latest round was a $6 million financing led by Korean VC firm Stonebridge Capital in 2018, said its founder and CEO John Le. Investors backing the business include Insignia Ventures, GS Shop, Frontier Digital Ventures, TNB Aura and Next Billion Ventures, among others. For market research reports, please visit our website at www.colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 16 August 2019

Selective investing key for Danang

Vietnam Investment Review At the 11th session of the 9th Danang People’s Council, Chairman Nguyen Nho Trung stated that in the first six months of this year, the city developed in the right direction with stable economic development, despite facing many ups and downs. Accordingly, budget revenues achieved good results, foreign direct investment (FDI) attraction witnessed positive changes, and A view of Sam Son Beach and Golf key projects have been implemented effectively. Resort developed by FLC Group in

Hospitality property in Cam Ranh to bring huge profits to buyers

the central province of Thanh Hoa.

New German investments in pipeline

NovaBeach Resort & Villas in Cam Ranh, where the hospitality market has great advantages compared to other places in the country.

Bizhub As one of the three most attractive hospitality markets in Viet Nam, Cam Ranh, a tourism hotspot in the south-central province of Khanh Hoa, promises huge profits to customers. After Da Nang and Phu Quoc, Cam Ranh has become a magnet for both Vietnamese and foreign property developers, especially hospitality developers. Despite being a new market, Cam Ranh has many competitive advantages.

Vietnam Economic Times Prime Minister Nguyen Xuan Phuc hosted a reception for Mr. Horst Geicke, Chairman of Deutsches Haus, and Mr. Horst Pudwill, Chairman of Techtronic Industries (TTI) and Co-Chairman of Deutsches Haus on August 6, to kick start a new wave of German investments into Vietnam. Mr. Pudwill presented a plan for a $650-million project at the Saigon High-Tech Park that focuses on manufacturing and R&D for smart power tools.

Ho Chi Minh City pours investment in infrastructure in south

Vietnam Plus Ho Chi Minh City will continue to invest in transport infrastructure in its south, according to a report by its transport department. The southern area is comprised of District 7, Nha Be and Binh Chanh. Tran Quang Lam, director of the Department of Transport told Sai Gon Giai Phong (Liberated Sai Gon) newspaper that Huynh Tan Phat and Le Van Luong Streets in District 7 would be upgraded and Nguyen Huu Tho Street widened from four lanes to six or eight. Three bridges would be built to replace the decrepit Rach Dia, Long Kien, and Rach Tom bridges.

Hoan Cau Group sells $4 billion resort project to new investor

VnExpress Multi-sector investor Hoan Cau Group has sold its $4 billion Diamond Bay resort project in Nha Trang to real estate developer Sunshine Group. The 300-ha resort in the southern coastal town, currently the group’s largest development project, has been completely transferred to Sunshine Group for an undisclosed fee. The newly registered general director and legal representative for Hoan Cau Nha Trang is Do Thi Hong Nhung, general director of Sunshine Sai Gon, a subsidiary of Sunshine Group, in place of Tran Ngoc Nhat, a long-time executive of Hoan Cau Group. For market research reports, please visit our website at www.colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 20 August 2019

Adjustments to overall planning of Ha Long city announced

Vietnam News The People’s Committee of Ha Long City in the northern coastal province of Quang Ninh on Monday announced adjustments to the city’s overall planning to 2040. The adjustments are made with the goal of enhancing the role and position of Quang Ninh Province and Ha Long City, home to the World Heritage site of Ha Long Bay. They are designed to help Ha Long develop in a sustainable manner, meeting requirements of green growth and adaptation to climate change.

Adjustments to overall planning of Ha Long city announced.

Official channel to feed real estate market with supply info

Vietnam Investment Review An official channel that will provide Viet Nam’s real estate businesses with information such as the number of licensed projects and projects awaiting licenses in a given area is being developed by the Department of Properties Lack of information on real estate and Real Estate Management under the Ministry of Construction and the supply was blamed for land fevers and price manipulation practices. Vietnam National Real Estate Association (VNREA).

Vietnam among 12 most valuable markets for global franchise expansion

Vietnam Plus The International Franchise Association ranked Vietnam eighth out of the 12 most valuable markets for global expansion, according to Nguyen Phi Van, chairwoman of Retail & Franchise Asia. The potential sectors for franchising include food and beverage (F&B), education, healthcare and nutrition, business services, hospitality, fashion, beauty and skincare, entertainment, children’s services, and convenience stores. According to a report by the Korea Agro-Fisheries & Food Trade Corporation, Vietnam is the most popular destination for 43 percent of companies from the Republic of Korea.

Construction Ministry agrees to put Phu Quoc SEZ plan on hold

The Saigon Times The Ministry of Construction has expressed support for the government of Kien Giang Province’s proposal to suspend a major plan to turn Phu Quoc Island off the province into a special economic zone (SEZ). According to the ministry, the development of Phu Quoc into an SEZ is not appropriate at present and is not in line with the prevailing regulations on planning. Kien Giang had conducted procedures to put the plan into action after it was approved by the prime minister in August last year.

Vietnam’s FDI will grow, despite Trump’s tariffs

Vietnam Insider As a result, Vietnam’s realized foreign direct investment (FDI) capital has risen by 7.8 percent in the first five months of 2019, totaling about $7.3 billion. Vietnam has also continued to liberate its economy and gain access to new markets, signing several significant Free Trade Agreements (FTAs) such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTTP) and the European Union Viet Nam Free Trade Agreement (EVFTA). For market research reports, please visit our website at www.colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 21 August 2019

Standard Chartered: Vietnam to again stand out in ASEAN

Vietnam Economic Times Standard Chartered has forecast that Vietnam will remain the fastest-growing ASEAN economy in the near term, with 2019 growth projected at 6.9 percent. The FDI-driven manufacturing sector, which is poised for a fourth consecutive year of double-digit growth, will continue to be a key growth driver. The forecast is highlighted in the bank’s recently published Global Focus – Economic Outlook report for the third quarter of 2019, entitled “The dovish wave grows”.

Standard Chartered: Vietnam to again stand out in ASEAN.

Kon Tum eyes new urban area

Bizhub Property developer FLC Group will commence construction of FLC Legacy Kon Tum, the first modern urban area in the Central Highlands region, tomorrow. Covering 19 ha in Kon Tum Province, it will comprise shop houses, hotels and apartment buildings, schools, parks, an entertainment area, and a shopping center, the group said on its website on Tuesday.

The model of FLC Legacy Kon Tum.

Your next iPhone might be made in Vietnam. Thank the trade war

The New York Times No country on earth has benefited from President Trump’s trade fight with China more than Vietnam. The country’s factories have swelled with orders as American tariffs cause companies to reconsider making their products in China. Now, more big technology firms are looking to bulk up their manufacturing operations in Vietnam, lifting the ambitions of a nation already well on its way to becoming a powerhouse maker of smartphones and other high-end gadgets. First, though, Vietnam needs to get better at making the little plastic casings on your earbuds. Vu Huu Thang’s company in the northern city of Bac Ninh, Bac Viet Technology, produces small plastic parts for Canon printers, Korg musical instruments, and Samsung cellphones and phone accessories, including earbuds. He said it would be hard for his firm to compete against Chinese suppliers as long as he had to buy 70 to 100 tons of imported plastic material every month, most of it made in China.

China’s prolonged falling yuan may harm Viet Nam’s trade

Vietnam Investment Review China’s yuan (renminbi) has remained above the sensitive level of seven to the US currency for the last three days, hinting that trade friction between the US and China is entering a dangerous phase. The escalating tension between the two world powers is predicted to have negative impacts on Viet Nam’s trade in the short term. The yuan on Monday crossed the red line of seven to the US dollar, which has remained stable for 11 years since 2008, after US President Donald Trump threatened to impose new 10 percent tariffs on US$300 billion of Chinese imports, effective from September 1. The People’s Bank of China-linked the fall of the yuan to the new US tariff threat, though in the evening of the same day it said China had no intention to use the yuan exchange rate as a weapon in the trade war. For market research reports, please visit our website at www.colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 22 August 2019

Sa Dec and a lack of modernized urban area

Dantri The outstanding economic development of Sa Dec in recent years is an undeniable highlight. However, the city still lacks modern and synchronous urban areas to develop in accordance with its position and potential. From the famous land specializing in flower cultivation, Sa Dec FLC La Vista Sadec urban area will has made serious changes to become the economic and cultural center of help make Sa Dec city more synchronous and modern. Dong Thap province. There are many factors that help this city to flourish, including the extremely favorable geographical location.

Phu My Hung Midtown, the magnet in South Sai Gon property market

Bizhub Nearly three years after being launched, Phu My Hung Midtown which is being developed jointly by Phu My Hung Development Corporation and three Japanese partners, has become a magnet in the HCM City real Phu My Hung Midtown has attracted the huge attention of the market estate market, in the South Sai Gon area in particular. Soon after being since it’s opening ceremony. unveiled at the end of 2016, the project heated up the market and created records in terms of sales with nearly 100 per cent of units being snapped up on the first day of each stage.

How did Ho Chi Minh City fix the Thu Thiem violations?

Khoa Hoc & Doi Song Mr. Vo Van Hoan – Vice President of People’s Committee of Ho Chi Minh City – admitted that the city was at fault when applying policies that are more beneficial for businesses rather than for the city. Prime Minister, MONRE and the Ministry of Construction have then acted on the solution of expanding the entire parcel of land. There are 331 affected households and the city will implement the plan of settling compensation, support and resettlement for people after receiving the opinions of households (there are still currently 26 households that have not been contacted).

Goodbye China: Chinese manufacturers look to Vietnam

Vietnam Insider Chinese companies are following their foreign counterparts out of the country in search of alternative production bases to mitigate the impact of the prolonged trade war with the U.S. Nikkei reports. Since last June, 33 listed companies have informed China’s two stock exchanges of their plans to set up or expand production abroad, according to data compiled by the Nikkei Asian Review.

An Giang welcomes 44 new investment projects Vietnam Investment Review

The Mekong Delta province of An Giang has attracted 44 new investment projects with a total registered capital of over 5 trillion VND (217.3 million USD) since the beginning of this year, down five projects and over 10.2 trillion VND in value year-on-year. In the eight months of this year, provincial authorities held exchanges and provided information for more than 20 domestic and foreign investors. For market research reports, please visit our website at www.colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 23 August 2019

Vietnam thirsty for green real estate

Vietnam Insider Only a small proportion of construction works in Vietnam can obtain certificates for green real estate, but the demand is increasing rapidly in the context of climate change. A real estate project in Bac Tu Liem district in Hanoi has been granted an EDGE certificate by IFC belonging to the World Bank Group. According to the investor, the project can save 25 percent of energy and 36 percent of water. The landscape is also designed in a green way that helps reduce the urban heat island.

Vietnam thirsty for green real estate.

All-in-one utilities in Waterpoint township

VietnamNet To meet urbanized standard, a project must not only be large-scale, but also features a diverse utility system that meet every demand of residents. Waterpoint township project of Nam Long Group in Ben Luc District (Long An Province) is a typical example. Waterpoint covers 355 hectares, as large as the famous Phu My Hung township, and is located in a strategic location in Southwest gateway of HCMC.

Gov’t lacks funds to buy back low-revenue BOT projects

Riverside city Waterpoint is planned to be international with a complete utility ecosystem.

VnExpress BOT projects not yielding the expected revenue have put both the government and investors in more than a spot of bother. While the government says it can’t afford to buy back these projects, investors say they badly need the money to repay debts. A report recently submitted to the National Assembly said 39 build-operate-transfer (BOT) projects are seeing lower revenues because the government has lowered tolls; not increased tolls as contracted with investors; or lowered the number of toll booths.

Big incentives offered to stimulate purchase demand during Ghost month

Dau Tu Bat Dong San Once again, the Ghost month this year continues to turn into vibrant opening season when many real estate projects start selling with numerous promotions from the investors as well as the supporting banks with a view to raising demands of house buying. Huge gift policies up to millions or attractive discounts from 3 – 10% of many projects have made the real estate market in the Ghost month more appealing. The first project that’s worth mentioning is Goldmark City at 136 Ho Tung Mau from the developer TNR Holdings.

Apartment buildings to have co-holders of maintenance fund

The Voice of Vietnam The Ministry of Construction’s latest draft regulations on apartment building management and use stipulates that there should be three to five co-holders of the apartment maintenance fund. They include one representative for the apartment owners, one representative for the investor and other members of the apartment management board up for a vote at an annual conference. Nguyen Manh Khoi, Deputy Director of the Ministry of Construction’s Housing Management and Real Estate Market Management Agency, said the conference will also decide co-holders of the apartment maintenance fund. For market research reports, please visit our website at www.colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 26 August 2019

Why is the ‘second home’ in Quy Nhon attracting strong investment? Reatimes With the rapid development of tourism, the international standard, good opportunity for investing, TMS Hotel Quy Nhon Beach is considered a high-class resort project of TMS Group. In 2018, Binh Dinh received more than 4 million visitors including visitors from the UK, Australia, Japan, etc. and it’s expected to continue to increase.

Chinese firm to invest in 2 billion USD factory in Thanh Hoa

TMS Hotel Quy Nhon Beach - a luxury resort project in Binh Dinh of TMS Group.

The Voice Of Vietnam Chinese steel firm Mintal Group Co. Ltd has expressed a desire to build a 2 billion USD Ferocrom, stainless steel and non-ferrous metal factory in central Thanh Hoa province’s Nghi Son economic zone. The issue was discussed during a recent meeting between the Mintal Group’s representA view of Nghi Son economic zone atives and the provincial People’s Committee.

in the central Thanh Hoa province. New FTAs facilitate Vietnam’s FDI attraction Hanoi Times The EVFTA will help Vietnam improve the quality of foreign investment, attracting more capital in a number of industries in which the EU is strong such as processing and manufacturing, hi-tech applications, clean energy and financial services. New free trade deals, especially the Europe-Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), are creating new impetus for attracting foreign investment in Vietnam, experts said. Banks raise certificates of deposit rates to more than 10%

Vietnam Insider Banks have increased their interest rates on certificates of deposit (CDs), bringing them in excess of 10 per cent per year with the aim of mobilising long-term capital. Ban Viet Bank recently announced it was issuing long-term CDs with record high interest rates. Specifically, an interest rate of 10.2 per cent per year is applied for a 60-month CD valued at a minimum of VND10 million (US$430) for individual customers and VNĐ100 million for institutional customers.

Interest-free house loans can lure homebuyers into debt trap

Bao Phu Nu House loans with 0% interest rate are used by many investors and banks in the past few years and heavily advertised. For example, according to an advertisement, when taking house loans in Safira Khang Dien project (District 9, HCMC), customers are supported with loans at 0% interest rate within 36 months after signing the contract until the project ends (expected time to take house is Quarter III/2020). In particular, customers have to pay 30% of house value when signing the contract, then continue paying 2% within the first 12 months, pay 37% until handing over the property, and the remaining 5% until having the residence book.

For market research reports, please visit our website at www.colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 27 August 2019

LIM Tower raising bar in commercial office segment

Vietnam Economic Times Following the success of its two previous prominent office towers, LIM recently announced that its latest evolution, LIM Tower 3, is expected to go into operation in September. With expert know-how and a proven track record, LIM Tower 3 seeks to be a new and prestigious business address for both global businesses and top local names in Ho Chi Minh City.

Central bank clamps down on corporate bond growth

VnExpress Vietnam’s central bank has directed commercial banks to stop purchasing corporate bonds towards minimizing risks and tightening control over real estate sector borrowings. The State Bank of Vietnam (SBV) has sent a circular to the commercial banks noting that investment in corporate bonds is laden with risk, but many banks have large proportions of their

Grade A LIM Tower 3 office building to be put into operation in September.

Modern apartment buildings in

asset structure comprised of corporate bonds, and this has been Binh Thanh District, Ho Chi Minh City. increasing rapidly. Expert says: Real estate prices before and after the project can be up to 700 times difference

Bao Xay Dung At a recent real estate conference, Assoc. Prof. Dr. Doan Hong Nhung (Faculty of Law - Vietnam National University, Hanoi) said that after joining WTO, Vietnam has created a favorable business environment with new investment opportunities for investors domestically and internationally. The expert pointed out that the land value will increase through the land transfer and the change of using purpose from agricultural to non-agricultural land to implement the project step by step.

New resolution hoped to facilitate foreign investment attraction

Vietnam Plus General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong has signed a resolution on orientations to perfect institutions and policies to enhance the quality and efficiency of foreign investment cooperation through 2030. The objectives of the Resolution No. 50-NQ/TW include making mechanisms and policies in foreign investment cooperation more competitive, meeting requirements in reforming the growth model and restructuring the economy, protecting the environment, dealing with social issues, and improving the quality, efficiency and competitiveness of the economy.

14 provinces in central Vietnam with huge economic potential

Vietnamnet In recent years, Central Vietnam has seen positive changes in its economic growth largely driven by favorable geographic conditions and a significant infrastructure upsurge. Out of 14 provinces, the region has 9 airports, 14 seaports, and 11 coastal economic zones, creating a major gateway to trade within Vietnam and also other parts of the world. Its growth potential lies in industries and services that are fundamentally associated with the region’s characteristics: tourism, aquaculture and fisheries, logistics, sea transports, etc. For market research reports, please visit our website at www.colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 28 August 2019

The outstanding advantages help Mon Rosalia Villas attract investors

Vietnamnet Mon Rosalia Villas is considered a pearl in Ha Long Bay. It has a big attraction to the investors thanks to its advantageous location. Nearby the project is complex of university, hospital, sports center, supermarket, park, etc. Besides, Mon Rosalia Villas is a luxury villa project aimed at The outstanding advantages help Mon Rosalia Villas attract investors. customers with a high standard of living and investing demand, so it must have a 5-star ecosystem to be equivalent to the investors.

Hoiana integrated resort to boost sustainability

Vietnam Investment Review Central Vietnam is fast emerging as the new hot tourist destination in Asia, and its position as a must-visit destination will be further cemented with the opening of Hoiana, the giant $4 billion venture in Hoi An. The group’s COO, Steve Wolstenholme, told VIR’s Phuong Thu about its commitment to protect the rich culture and natural beauty of the local area mmunity

and surrounding region.

Hoiana integrated resort to boost sustainability.

Vietnam and Australia boost economic co-operation

Viet Nam News Prime Minister Nguyen Xuan Phuc and his Australian counterpart Scott Morrison chaired a meeting on exchanging and promoting co-operation opportunities between Vietnamese and Australian businesses in Ha Noi on Friday. The meeting was attended by Chairman of the Vietnamese Entrepreneurs Association (VEAS) in Sydney Nguyen Ba Luan along with experts and business people from both Viet Nam and Australia.

Dong Nai moves toward smart city

The Voice of Vietnam After Hanoi, Ho Chi Minh City, Da Nang, and Binh Duong, Dong Nai is the next locality selected to pilot a smart city development model through cooperation with major corporations. With its fastest urbanization in Vietnam, Dong Nai has applied several smart applications in traffic, healthcare, and education, which creates a foundation to build a smart metropolis in the future. A smart city is a city that applies information technology and artificial intelligence to manage and improve the standards of urban people’s life and public services and increase the efficiency of energy and natural resources.

Vietnam ranked third most active startup ecosystem in ASEAN

Viet Nam News Vietnam jumped from fifth to third in the list of most active start-up ecosystems in the six largest ASEAN economies in only two years. The change was from the first half of 2017 to the corresponding period of 2019, with the country trailing only Indonesia and Singapore. According to the Vietnam Tech Investment Report released recently by Singapore-based venture capital firm Cento Ventures and Viet Nam’s early stage venture fund ESP Capital, the amount of invested capital and the number of technology deals done in the country have grown six-fold in the period.

For market research reports, please visit our website at www.colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 29 August 2019

Many large construction projects in HCM City inspected Vietnam Insider HCM City People’s Committee has reported to the Government Office and Government Inspectorate that they had discovered 172 violators in construction projects in the first six months of the year. The city inspectorate collected over VND1.2trn in fines, seized five Many large construction projects in houses and over 426 square meters of land. The HCM City People’s HCM City inspected Committee transferred eight cases to the police of which three cases have caused great losses and triggered public outrage. HCM City authorities admit to big housing shortage Vietnam News HCM City faces a housing shortage caused by the rapidly rising population and shortage of new housing projects. According to the HCM City Real Estate Association (HoREA), the city has around nine According to the HCM City Real Esmillion permanent residents. The population increases by 183,000 tate Association, the city needs to apartments to mitigate each year while there are more than 100,000 foreigners working build more the housing shortage. and living in the city. Many property shares are recommended for buy-in Dau Tu Reports of securities firms are recommending investors to buy property shares like VIC, VPI, NLG, KDH… Money flow into property share group constantly increases, making them one of the most attractive groups in the market in recent time. One of the property shares that is recommended for buy-in is NLG share of Nam Long Investment Joint Stock Company. According to ACB Securities, NLG in 2019 will achieve revenue of VND3,178 billion (up 7% on-year), in which 57% comes from the handover of Nguyen Son and Flora Novia projects, and 22% comes from the 50% transfer of Akari project and 35 hectares of Southgate projects to partners. High-end apartment of The Zen Residence attract buyers at handover ceremony Cafef Gamuda Land Vietnam hands over apartments and keys to residents who move to live in The Zen Residence in Gamuda Gardens township, Hoang Mai District, Hanoi. The Zen Residence consists of 3 buildings with 31-35 floors, which are designed in harmony between modern Japanese architecture style and open-space nature. Each apartment measures 52-216 sqm and is equipped with the luxury interior system and natural lighting. Banks warned about risks of real estate corporate bonds Vietnam Investment Review The State Bank of Viet Nam (SBV) has instructed local banks to better control risks in corporate bond investment, especially bonds of real estate firms. According to the SBV, after reviewing the business performance of banks in the first half of this year, it saw the corporate bond investment of some banks facing risks as the ratio of such investment was high and is continuing to rise. For market research reports, please visit our website at www.colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 30 August 2019

Lotus Long Bien - A smart solution for people living in Old Quarter

Dan Tri To respond to the urgent demand of people living in the Old Quarter of Hanoi, Lotus Long Bien project is an ideal option because of golden location, green living space, and modern smart home equipment. In the central districts in Hanoi, land price is highly increasing with an average rate from 2-3.4% while the land fund is gradually depleted, raising pressure on the people, and reducing living standards.

Kien Giang calls for investment in three projects in Phu Quoc

Vietnam News The Mekong Delta province of Kiên Giang is seeking investment for three new projects on the island of Phu Quoc with investment totaling more than VNĐ4.85 trillion (US$208.5 million). According to the Phu Quoc management board of economic zones, the island is inviting bids for the Bac An high-end villa area which covers around 52.5ha in An Thoi township.

Vietnam’s best property developers honored

Luxury apartment area TSG Lotus Sai Dong.

A view of An Thoi Township on Phú Quoc Island from the cable car.

Vietnam Insider Presented by Kohler, the awards included categories for HCM City and Hanoi, recognizing affordable, mid-end, high-end and luxury condo, office, hotel and retail properties, as well as outstanding residential developments in Nha Trang, Da Nang and Ha Long Bay. Vietnam News Agency (VNA) reports. Kien A Corporation won the top award for Best Developer as well as the new Best Mixed-Use Developer award at the country’s biggest and most respected property awards program.

Cheng Loong pours over $600 million into Binh Duong Dau Tu

On the sideline of the recent workshop “Meet Taiwanese companies which invest in Binh Duong”, Bui Minh Tri – Head of Managing Board of Binh Duong Provincial Industrial Parks, said that Cheng Loong proposed two modifications about its project in the province. Accordingly, the corporation wants to expand the project’s area by 16 sqm, and increase the project’s investment capital by US$610 million. In late 2015, the province handed over a certificate of investment for Industrial Packaging Production Plant project to Cheng Loong Binh Duong Paper Company, with registered investment capital of US$1 billion. Vietnam vibrant with merger and acquisition activities The Voice of Vietnam The merger and acquisition (M&A) scene in Vietnam has become increasingly active with more domestic firms setting up ties with global partners so their brands can reach global customers and develop domestically. According to the Ministry of Planning and Investment, the value of M&A deals in the country hit 5.43 billion USD during January-July, and the value will surge to 6.7 billion USD for the whole year. The Southeast Asian country has become a top destination for M&A deals for investors from the Republic of Korea (RoK), For market research reports, please visit our website at www.colliers.com

colliers.com/vietnam

COLLI ERSI NTERNATI ONAL HOCHIMI NHOFFI CE De ut s c he sHa usHCMC, 3r dFl o o r HCMC, Vi e t na m T e l +84( 28)38275665 Fa x +84( 28)38275667