Monthly Real Estate News | September 2016 by Vietnam Realty

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Daily Real Estate News Highlights Vietnam - 5 September 2016

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.

Sun Life becomes sole owner of PVI Sun Life Vietnam News

Canada’s Sun Life Assurance Company has bought out PVI Holdings’ 25 per cent stake in PVI Sun Life Insurance Company Limited to increase its ownership to 100 per cent. But the companies will maintain their close relationship with PVI continuing as a Sun Life distribution partner. Industrial zones getting hot again

PIV Sun Life Company

Vietnam Net

Investors have poured money into industrial zone (IZ) projects again and many large-scale projects will be completed in the time to come. Analysts commented that the IZ development has been supported by favorite conditions. The foreign direct investment (FDI) has seen a strong recovery since 2015. In the first seven months of the year, the total FDI registered capital reached $13 billion, a sharp increase of 46 percent compared with last year. Room remains for growth in luxury hotel segment

Industrial zones

Vietnam Investment Review

Even though the supply of hotels has been rising in Vietnam, there is still room for more in the luxury segment. Looking forward, the Vietnamese hotel market will see the 5-star hotel and resort sector getting busy. More 5-star hotels are expected to open in Ho Chi Minh City until 2017, while Hanoi is to welcome approximately 1,000 5-star hotel rooms. Malaysian apartment property invites Vietnamese buyers Vietnam Investment Review

The Star Residences Two, a five-star apartment and commercial integrated project being under development in Malaysia’s Kuala Lumpur city centre has attracted keen interest from people in HCM City when it launched in the city on Sunday by the sales consultant Anpha Holdings. Developped by Malaysia’s two leading firms - UMLand and PropNex, the project is expected to complete in late 2019. Saigon kicks off construction of its own ‘Silicon Valley’ Vn Express

The construction of Saigon Silicon City Center – a study & development project – officially started this morning in Ho Chi Minh City’s District 9 as part of Vietnam’s push to build a start-up ecosystem. It will host workshops, research and development projects and incubate start-ups in modern science and technology.

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. ©2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 6 September 2016

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.

How Real Estate Can Take Advantage of Pokemon Go? Vietnam Net

Colliers International Group Inc., a global leader in commercial real estate services has just launched the idea: ”HOW REAL ESTATE CAN TAKE ADVANTAGE OF POKEMON GO” which could help retailers to turn screen-obsessed zombies into customers. According to our Colliers professor in retail marketing, it comes in the form of 3 ways retailers can make use of to capitalise on trends: Place a ‘lure’ outside Real Estate Can Take Advantage of Pokemon Go your store, Provide free charging, Retail sponsored locations. Bill Gates Foundation Pours $12m Into Vietnam Stock Market Saigoneer

Earlier this month, the Bill & Melinda Gates Foundation Trust announced an injection of US$12 million into VEIL-Vietnam’s largest investment fund. The foundation increased its stake in VEIL to 11.34% which made it become the largest shareholder in the fund being run Bill Gates Foundation Pours by Dragon Capital. It holds shares in major Vietnamese corporations $12m Into Vietnam Stock Market such as Vinamilk and Vietcombank. $4.1 billion tourism complex appeals for unprecedented incentives Vietnam Investment Review

Attempts by the Ba Ria-Vung Tau People’s Committee to salvage the long delayed $4.1 billion Saigon Atlantic Hotel invested by Winvest LLC Group from the US hit insurmountable obstacles as the province’s mandate seems to fall short to grant the investor’s requests. The investor offered the province to provide incentives on land lease fees for the tourism and entertainment complex, so that construction can be implemented. Industrial development policy to take shape Vietnam Net

Speaking at a dialogue on industrial development policy in Hanoi last week, Nguyen Van Binh, head of the Party Central Committee’s Economic Commission, called for scientists and experts to point out the country’s current industrial conditions to help the commission improve and quickly complete the scheme for submission to the Politburo in November. Home prices up in July Vietnam Investment Review

Price hikes were seen in almost all segments including apartment, townhouse, villa and land lot. Prices of mid- and hi-end apartments in finished projects picked up 4-6%. Demand for land lots and townhouses surged in July, sending their prices up 4-12% depending on locations.

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Daily Real Estate News Highlights Vietnam - 7 September 2016

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.

Singaporean developer launches condo in District 7 The Saigon Times

Keppel Land Limited and its local partner Tan Truong Company last week opened a housing gallery and started marketing their mix-used property project underway in District 7. The Riviera Point project would join the local property market with 2,400 apartments serving different accommodation demands of homebuyers. Besides, it has spaces for retail shops, food and beverage outlets and recreational facilities. Is hotel business in Vietnam beyond Thailand and Malaysia?

The condominium in District 7

Lao Dong

According to the report, the country’s hotel business has grown strongly, witnessed the superior growth even surpassing Thailand, Malaysia and Indonesia in the room price index and average revenue thanks to the increase number of international tourist. The growth Is hotel business in Vietnam also depends greatly on the development of tourism. beyond Thailand and Malaysia? Phu Quoc eyes more investment

Bizhub

Phu Quoc Island has so far attracted 244 projects worth VND314 trillion mostly in infrastructure, urban development, fisheries, tourism, trade and services. To attract investors, the island authorities have been developing infrastructure for many years, including the Phu Quoc International Airport, An Thoi international sea port, the north-south traffic system, the road network around the island, undersea cable from Ha Tien town for power supply… Here are four challenges facing the hotel industry this year Bisnow

The hotel sector performed well in 2015-revenue per available room (RevPAR) was up and occupancy rates remained healthy. But there were certain things looming on the horizon that are coming to fruition in 2016, Colliers International National Hospitality and Leisure Group practice leader said. Check out these four factors Bryan says shaking up the hotel industry in 2016. Ministry: Prioritize social housing in major cities Bizhub

The Ministry of Construction has asked Ha Noi and HCM City to formulate policies that promote social housing development amid a rising demand from citizens for products in this segment. In addition, SBV and the Ministry of Construction would pay attention to the credit for the property market together with policies to encourage investment in housing projects for low-income earners.

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. ©2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 8 September 2016

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.

Vietnam Real Estate and the Investment Problems Mua Ban Nha Dat

Real Estate Association of Vietnam (VNREA) have recently published a report about the finance situation, both short and long-term are still limited and the interest rates are too high for the investors to afford. The source of captital depends on the enterprises’capital, the equity investment and the bank credit. There should be the orientation to develop the market stably, transparently, and the synchronization solution so as to attract other external capital.

Vietnam Real Estate and the Investment

President: Vietnam always welcomes Singaporean investors Vietnam Investment Review

Vietnam always welcomes Singaporean investors and believes in their success in doing business in the country. Expressing wish to lift strategic partnership with Singapore to a new height to match each country’s potential, the President said Vietnam encourages Vietnam always welcomes Singaporean investors Singaporean investment in several industry.

Half-done Saigon Silicon Valley already on foreign investors’ radar Vietnam Investment Review The construction of a Ho Chi Minh City-based hi-tech complex Saigon Silicon City Centre, modelled after Silicon Valley in the US, has only been kicked off but already sees numerous foreign investors having plans to invest once it comes into operation. On August 30, Saigon Silicon City JSC started construction of a research and development (R&D) centre located in Saigon Hi-Tech Park in District 9. Vietnam: A rising retail market in Asia Pacific Bao Moi Over the last few years the market has welcomed a host of big names from Japan, such as Aeon and Takashimaya. Thai investors have also considered Vietnam a good investment destination and moved to enter the market, with prime examples being the acquisition of Metro Cash & Carry and the Big C supermarket chain. Assessing the prosperity of Vietnam’s retail market, market research companies and experts believe it has great prospects and will record high growth in the years to come. Tourism property market picks up Bizhub The tourism property market has been hot this year with many new projects and increasing transaction volumes. However, the Government need to join hand with investors and operators of hospitality products to fight for a strong place in the competitive market since the culture/heritage is not significant compared to places like Bali, Cambodia and Thailand, the focus should be on services and experiences such as: stunning beaches, cuisine, wellness, golf, medical tourism, conference, etc. 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. ©2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 9 September 2016 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.

Property businesses in the first half of year: half-dark and half-light Tin nhanh chung khoan

There is a strong differentiation in business results of listed real estate companies in the first 6 months of 2016. While many companies such as Vingroup, FLC, Khang Dien,… continued to report their “super” profits, a big number of companies were recorded with Property businesses in the first half of year: half-dark and half“shrinking” revenues e.g SacomReal, NBB,… light Local authorities put on market Vung Tau Paradise Resort Vietnam Investment Review

The Ba Ria-Vung Tau People’s Committee has released the criteria to choose new investors for Vung Tau Paradise Resort developed by Vung Tau Paradise Company, a joint venture between Vietnameses Vung Tau Intourco Resort JSC and Taiwanese Paradise Development and Investment. Accordingly, the investors will have to invest at least $2 billion in the project, at least 25% of which need to be equity capital. Singapore’s GIC to take 7.7 pct stake in Vietnam’s Vietcombank

Vung Tau Paradise Resort

Thanhnien News

Singapore sovereign wealth GIC Pte Ltd said on Monday it will acquire a 7.73 percent stake in Vietcombank, Vietnam’s biggest lender by market capitalisation. GIC will purchase 305,810,895 new shares in Vietcombank as part of the deal, it said in a statement without disclosing the value of the transaction. New route open to alleviate congestion at Ho Chi Minh City airport Vietnam Breaking News

A new route has been put into operation in the hope of relieving traffic overloads commonly seen at the entrance of the international airport in Ho Chi Minh City. The project is expected to alleviate traffic congestion at the entrance to the airport and on nearby roads, the official added. The total cost of the project includes USD186 mn worth of construction, channeled by investors. Vietnamese, French firms forge stronger partnership Vietnam Plus

HCM City (VNA) – Vietnamese and French enterprises gathered at a business forum in Ho Chi Minh City on September 7 to seek measures to boost their partnerships, contributing to the sustainable development in Vietnam. Addressing the event, Chairman of the French Chamber of Commerce and Industry in Vietnam Nicolas Du Pasquier spoke highly of recent improvements of Vietnam’s investment environment. 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. ©2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 12 September 2016

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.

VND4,600 billion for ‘Disneyland’ project phase 1 in Hanoi Dan Tri

Hanoi City and Sun Group on September 2 held a ground-breaking ceremony for Kim Quy theme park in Dong Anh District which features the north’s traditional culture and entertainment models of Universal Studios and Disneyland. Covering more than 100 hectares, the international-standard park has an initial investment of VND4.6 VND4,600 billion for ‘Disneyland’ project phase 1 in Hanoi trillion invested by the tycoon Sun Group and a design inspired by the Co Loa Citadel story. No more cheap apartment in Hanoi Tin nhanh chung khoan

The price of cheap apartments launched in 1H2015 in Hanoi had seen a quite surge, from 11.8-13mln/m2 to 15-16mln/m2 up to now. What is worth mentioning is that, this tendency is predicted to still keep its pace of 10% increase/year in the next 3 years. Project location -The key to generate mass profit

No more cheap apartment in Hanoi

Dan Tri

HCMC is currently the hottest market of Vietnam, with about 60,000 apartments planned to hand over in 2017-2018. The keyword “land in central area” is believed to create a massive effect due to the history of ever-increasing hiring/sales prices of high-end apartments in the area. This segment in District 1 has seen the rise in hiring prices evenly of 20-90% from 2017 to late Q1-2016, despite of the market’s up-and-down moments. UOB, ORIX to invest $50m in Vietnam-based Bitexco Power DealStreetAsia

UOB Venture Management Pte Ltd UOB (UOBVM), an investment partners of United Overseas Bank and Japan’s ORK Group, will invest US$50 million in Bitexco Power Joint Stock Company under Bitexco Group. Bitexco Power will use the investment to expand its business and step up its position in the renewable energy sector. Vietnam HR Awards 2016 to be held at GEM Center, HCMC Bao Dan Sinh

On September 28, the prizing ceremony of Vietnam HR Awards 2016 will be held at GEM Center, HCMC. The event promises to bring forth the outstanding stories in regard to HR management and business strategy from inspiring lecturers: Chairman and CEO of PNJ, Chairman of Novaland, Deputy Chairman of Techcombank, CEO of Microsoft Vietnam, Deputy Chairman of Unilever Southeast Asia, etc.

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Daily Real Estate News Highlights Vietnam - 13 July 2016

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.

Japan provides $106 million in ODA for Vietnam Vn Express

Japan has pledged to provide 106.2 million in official development assistance (ODA) for Vietnam in fiscal year 2016. The loan will facilitate Vietnam’s national budget to carry out the Third Economic Management and Competitiveness Credit (EMCC) with the aim to promote reforms in some priority areas during the implementation of Vietnam’s 2016-2020 Socio Economic Development Plan. August auctions raise $127m on two exchanges

Japan provides $106 million in ODA for Vietnam

Vietnam News

Eight auctions were organised on the two national stock exchanges in August, bringing in a total of VNĐ2.83 trillion for issuers. A total of 222 million shares were offered for sale on the two exchanges in August, up 150% over those of July. Ending August, 93 auctions were held in the two markets, collecting more than VNĐ11.8 trillion. August auctions raise $127m on two exchanges Local group wants to build giant software park in Hanoi Vietnam Net

Became ITC has registered to invest in a software park in Hanoi for VND24 trillion. The park will be located along the Nhat Tan - Noi Bai road, covering 70.8 hectares. The park is a project initiated by the Hanoi Department of Information and Communications. It is considered Hanoi’s key IT and digital content project in the near future. It is expected thatthe park will attract over 40,000 employees. More social housing urged Vietnam News

Deputy Prime Minister has asked ministries and authorities to speed up the building of social housing in industrial and economic zones nationwide. The development of industrial and economic zones has not paid adequate attention to developing housing for workers, as well as social facilities. He asked provincial and municipal People’s Committees to allocate land and raise policies to attract investments in developing social housing projects and social facilities. Petrolimex vows tough action on investment errors Vietnam News

Oil & gas conglomerate Petrolimex will identify and deal strictly with collective and individual responsibility for loss-making investment decisions and other business management errors. In this regard, the group will follow to the letter recommendations made by the Government Inspectorate.

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Daily Real Estate News Highlights Vietnam - 14 September 2016

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 Tram casino operator’s specialised airport given the go-ahead Vietnam Net

The local people’s committee said that the airport will contribute to boosting the local economy and meet the transport demand of travellers to the area. According to the company, the airport will be located on a land area of 200 hectares and will be invested under the build-operate-transfer model and the project will break even within 50 years. New investors sought for Vung Tau resort project

Ho Tram Casino

VnEconomicTimes

Ba Ria-Vung Tau province is seeking new investors to continue the incomplete Paradise Resort project on Back Beach near the Vung Tau city center. To become the developer the investor must meet certain requirements that include total investment of at least $2 New investors sought for Vung Tau resort project billion and equity capital of at least 25 per cent of this investment, with a timeline for project completion of three years. Novaland sets up agency to help customers buy, lease property

Bizhub

According to the Construction Ministry’s Department of Housing and Real Estate market management, the domestic property market might see a shortage of mid-tier housing supply and abundant supply in the high-end segment in late 2016. Although the market is on a stable recovery path, this is a matter of concern as a majority of the local citizens want affordable small or medium-sized apartments. Foreign sales reached assigned limit Vietnam Investment Review

One year after foreigners were permitted to buy houses in Vietnam, many real estate projects have reached their foreign sales limit of 30%. The high rate of foreigners buying house in Vietnam has also been seen in other projects, such as Nam Phuc-Le Jardin, funded by Phu My Hung, and projects by CapitaLand and Keppel Land. Banks’ risk management a cause for concern Bao moi

Poor management of risks and weak supervision of banks were the roots of the largest problems that Vietnam banking system is facing, experts said during a workshop. Based upon the fierce competition, banks pay more attention to growth and expansion, rather than governance, so in a short time bad debt has become one of the largest problems for Vietnamese banks. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 15 September 2016

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.

Developers Change Tactics To Stimulate Demand Talk Vietnam High interest rate, soaring gold price and new restrictive legislation have reduced the liquidity of the real estate market and increased uncertainty for property developers. To make the market move, many developers have to offer incentives to stimulate demand and facing sluggish sales, property developers have had to design different tactics to woo homebuyers. Developers Change Tactics To Stimulate Demand More than 500 participants experienced consultants for first-time home buying VnExpress With the theme “Buying a home is not difficult”, at 9:45 am on 11 Sep, the leading experts in law, finance, construction would advise readers, especially young people how to own a house in the big cities when having limited budget. On this occasion, 1,300 units of EHomeS social housing of the business was introduced to young families, with prices ranging from “Buying a home is not difficult” VND 599 million a unit. MICE tourism underperforms in HCMC The Saigon Times Poor infrastructure and a lack of conductive policy have disenabled HCMC to become a top destination for Meetings, Incentives, Conventions and Exhibitions (MICE) tourism, industry watchers said. The strengths and weaknesses of the city’s MICE tourism sector were discussed at a conference as part of the 12th International Tourism Expo in HCMC (ITE HCMC 2016). More than 100 guests including local firms and overseas buyers of tourism products attended the event. Tallest building in Southeast Asia to commence construction this year PhnomPenh Post The development of Thai Boon Roong’s 500-metre high Twin Trade Center will begin late this year, according to project insiders, who say the developer has secured funding to kickstart the construction of not only “the biggest commercial building in Phnom Penh”, but in the whole of Southeast Asia. However, the development is big for the current market but not too large for future Cambodia, also pointing out that the completion of the project does not guarantee its success. Top 10 most desirable workingplaces of employees Cafef According to the JobStreet.com Viet Nam survey which drew the participation of 2,535 employees. Besides, 4 companies operated in Information Technology field are FPT, Viettel, Samsung and Intel. There are 6 companies in other fields named in the ranking of Top 10 most desirable workplaces at Viet Nam in this year also are fairly familiar brands with Vietnamese employees are Unilever, Vinamilk, Vingroup, Nestlé, P&G and Pepsico. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 16 September 2016 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.

Vietnam secures additional $251 million from China for notorious urban railway project VnExpress

Vietnam has signed a framework agreement to borrow $250.62 million from China to partly offset the additional capital needed for the delayed Cat Linh-Ha Dong urban railway project in Hanoi. The deal was inked on Monday during Vietnamese Prime Minister Nguyen Xuan Phuc’s first visit to China, which began on September 10 and is expected to wrap up on September 15. Shares volatile on foreign selling

“Notorious urban railway project”

VnExpress

Shares on the HCM Stock Exchange gained ground after a slight decrease in morning trade, following the recovery of several large-cap stocks, while continued foreign selling kept weighing on the market. The benchmark VN-Index, the measure of 311 stocks in Shares volatile on foreign selling the southern bourse, closed marginally unchanged at 659.7 points. It was down 1.1 per cent in the previous session. Industry and Trade Ministry will supervise steel project VietnamNet

MoIT Heavy Industry Department Director Truong Thanh Hoai made the announcement after the public voiced concerns that the project, which would be built by Hoa Sen Group and produce about 16 million tonnes of products per year, may harm the environment. Vietnamese citizens worried that the project near the sea could bring about damages similar to those caused by Taiwanese steel firm Formosa along the central coast, which resulted in massive fish death earlier this year. VN stocks still trending downward VietnamNews

Hanoi – Shares declined yesterday on the two national stock exchanges after brief rises on Tuesday. Investors remain cautious about trading exchange-traded funds, which will finish their third-quarter portfolio reallocation by the end of this week. Banks raise deposit rates ahead of SBV rules VietnamNews

HCM CITY — Many commercial banks have recently raised their deposit interest rates in an attempt to satisfy new State Bank of Viet Nam’s regulations that are due to take effect in 2017. Under Circular 06/2016/TT-NHNN, commercial banks will have to lower the ratio of short-term funds used for medium and long-term loans from 60 per cent to 50 per cent from January 1, 2017 to December 31, 2017. 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. ©2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 19 September 2016

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.

Vietnam property market: to buy or not to buy? ThanhnienNews

The Vietnam residential market had seen very sluggish growth leading up to 2015 due to a number of factors including the previous restrictions on foreign ownership; the lack of quality developments; a speculative bubble from 2006 to 2008; the small size of the leasing market and more attractive and transparent investment opportunities elsewhere in the region. Foreigners still hesitant about leasing land in Vietnam

Vietnam property market

VietnamNet

Foreigners who are not licensed to operate in Vietnam cannot obtain such a lease. When the lease expires, the right to use the land, and any infrastructure connected on the land, reverts to the Government with no compensation. A foreign investor can only be leased land directly from the Government. A foreign investor cannot legally sub-lease land from a private individual, enterprise or other entity. VSIP – symbol of Vietnam-Singapore cooperation: Deputy PM

Foreigners still hesitant about leasing land in Vietnam

VietnamNet

Deputy PM Binh said the Vietnamese government highly values contributions by Singaporean firms in Vietnam, and vows to accelerate administrative procedures and offer all possible support to foreign businesses in general and Singaporean ones in particular. Landslides threaten Hanoi’s riverside residential areas VietnamNet

Early this month, a riverside house in Bach Dang Ward, Hoan Kiem District collapsed because of a landslide. About ten nearby houses are also vulnerable to collapse and cracks appeared on roads there. Nguyen Van Binh, owner of the collapsed house, said that his family had lived there for a decade. They were still traumatised by the collapse and felt lucky none of them were at home when the house collapsed. Vietnam’s steel investment future VietnamNews

Regarding construction steel, consumption totals are around 7 million tones per year, of which 5 million tones are produced by local plants while the rest are imported. Meanwhile, the total production capacity of construction steel in Vietnam is actually around 12 million tones.

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Daily Real Estate News Highlights Vietnam - 20 September 2016

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.

Property developers advertise housing projects overseas VietnamNet

The 2014 Housing Law, which allows foreigners to own houses in Vietnam, has prompted real estate developers to introduce their projects overseas. Tan Hoang Minh Group in March launched a marketing campaign for D’. Le Roi Soleil, high-end apartments in Hanoi, to Singaporean investors. Japan’s Kajima forms $1-billion real estate alliance in Vietnam

Property developers advertise housing projects overseas

VnExpress

The company, one of Japan’s biggest builders, tries to catch the wave in the fast growing market.Kajima Corporation and Vietnam’s Indochina Capital have founded a joint venture to develop high quality property projects in the Southeast Asian country.The new venture, Indochina Kajima Development (ICC-Kajima), has a total capital of $1 billion with a 10-year run, according to the Saigon Times. Calls for new property investment law

Japan’s Kajima forms $1-billion real estate alliance in Vietnam

VietnamNews

Hanoi – Real estate associations have proposed amending the Law on Land and the Law on Trading Real Estate to create favourable conditions for investors in property investment. Le Hoang Chau, chairman of HCM City Real Estate Association (HoREA), said the association proposed amending the two laws to permit enterprises to sell full or part of a property project after finishing site clearance for the project. Former execs arrested for $150 million losses at PetroVietnam unit VnExpress

Police on Thursday arrested four former executives of PetroVietnam Construction JSC (PVC) as part of an investigation into nearly $150 million in losses accumulated under their watch at the unit of the state-owned oil giant. A statement from the Ministry of Public Security said Vu Duc Thuan, former general director of PetroVietnam Construction JSC (PVC), his two deputies and chief accountant have been taken into custody. About 109 trees to be relocated for Hanoi subway construction VietnamNet

According to the management board, the relocation will be carried out with trees that have been planted on Kim Ma’s pavement, specifically, the section from Voi Phuc temple to 575 Kim Ma. The relocation process will begin this month and is expected to be completed within 90 days. BeePro Company is in charge of carrying out the plan.

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Daily Real Estate News Highlights Vietnam - 21 September 2016

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.

New high-end apartments and villas coming to Da Nang Vietnamese Breaking News

Da Nang’s real estate market will soon welcome a number of new high-end apartments and villas in major projects such as Soleil Da Nang, Coco Bay, Da Phuoc, Han Riverside, Ariyana, Central Coast, Vinpearl Han River, and Ocean Suites & Estates. The View combines Singapore style with local convenience Vietnamese Investment Review

Homes at The View are exquisite, modern and thoughtfully designed for maximum functionality and comfort. Natural lighting and ventilation throughout allows residents to save electricity, while all apartment units are friendly and accessible to children, the elderly, and disabled residents. Moreover, the project combines privacy and space for residents to enjoy a refined living experience consistent with the sophistication of the surrounding neighborhood. Investors compete to acquire “golden land” in Saigon’s central area

Coco Bay Da Nang

The View Riviera Point

VietnamNet

The HCMC People’s Committee is awaiting the Prime Minister’s approval for its proposal on appointing a group of companies, including Toshin Development, Join, Nikken Sekkei and Osaka Chikagai. Toshin would be the investor to implement a component project of the Ben Thanh commercial center. Binh Thuan resort projects left idle Vietnam Investment Review

In the early 2000s, many companies decided to invest in resorts along Ke Ga Beach in Ham Thuan Nam District following a call from local authorities. However in 2007 while some of the projects had opened and others were still under construction, the Ministry of Transport issued a decision to build Ke Ga Port to transit bauxite from the Central Highlands for export. Hanoi’s 936 streets to feature natural stone VietnamNet

The move comes as the city’s pavement continues to show signs of degradation, hindering pedestrians to walk as well as worsening the image of the city, reported by Giao thong (Transport) online newspaper.Le Van Duc, Director of the city’s Transport Department, said the natural stone’s biggest asset is its reliability of 50-70 years.

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Daily Real Estate News Highlights Vietnam - 22 September 2016

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.

Banking investment, no longer one-way flow VietnamNews

Recently the State Bank of Viet Nam (SBV) issued a licence to Malasyia’s second largest lender, CIMB Bank Berhad, to establish a bank in Viet Nam with a registered capital of over VNĐ3.2 trillion (nearly US$144 million). Earlier, the central bank had also licensed the first Malaysian-owned lender, Public Bank Berhad, in March and South Korea’s biggest lender in terms of consolidated assets, Woori, to establish fully-owned banks in the country in August.

CIMB Bank Berhad

Stock losses seen over possible US rate hike VietnamNews

Vietnamese shares may remain volatile this week as investors shift focus to the US central bank’s meeting, worrying about a US interest rate increase which could extend net foreign selling of local stocks. Stock losses seen over possible Hanoi to divest from 96 SOEs US rate hike VietnamNews Hanoi People’s Committee will divest from 96 State-owned enterprises (SOEs) located in the city from 2016-20, according to a city government decision. Sixty-six of the SOEs are owned by large State-owned corporations and groups, under the Government’s management, and 30 are managed by city authorities. Concern over entrance to Hanoi subway project Tuoitre Local experts and architects have expressed concern over the design of a subway project in Hanoi, with one of the aboveground entrances and exits to be located near the capital’s iconic Hoan Kiem Lake. The government does not ban, but restricts construction near the lake, and all projects must limit their impact on the historical site as much as possible. Deputy PM meets with NAM member nations’ leaders VietnamNet Meeting with President of El Salvador Sanchez Ceren, the Deputy PM assured Vietnam’s policy to develop multi-faceted relations with El Salvador, saying that this is a good chance for the two sides to discuss ways for enhancing bilateral ties. Sanchez Ceren said his country will set up a diplomatic agency in Vietnam, towards promoting economic and trade links between the two countries.

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Daily Real Estate News Highlights Vietnam - 23 September 2016 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.

Domestic developers take over golden land VietnamNet

Novaland, the developer of more than 20 projects in Ho Chi Minh City, has recently submitted a proposal to the Ho Chi Minh City People’s Committee to become the developer of the golden land plot at 164 Dong Khoi Street. The land was previously invested by Hong Kong Land, the real estate development arm of Bermuda-based Jardine Matheson Group, and its partner, Japan’s Sumitomo Realty & Development. Stocks rebound after tough week

Domestic developers take over golden land

VietnamNews

Vietnamese shares yesterday bounced back from a gloomy trading week, driven by better investor confidence in blue chips following the re-allocation of ETFs’ investment portfolios and the energy sector was boosted by higher oil prices. SBV reiterates disallowance of loan rollover

Stocks rebound after tough week

VietnamNews

Under the newly-issued document No 6960/NHNN-TTGSNH, the central bank once again reiterated that credit organisations and foreign bank branches must recover a loan’s entire principal and interest at the end of the lending period, as agreed in the credit contract with customers. They must not renew all or part of the original loan before the due date. HCM City, “magnet” to attract investment from RoK’s conglomerates VietnamPlus

The RoK is at present the city’s fourth foreign biggest investor with 1,252 projects with total investment of 4.3 billion USD. Bilateral trade in the first eight months of this year was more than 2.6 billion USD. The city also welcomed about 240,000 tourists from the northeast Asian country. Standard Chartered CEO promises more to come in Vietnam VietnamNet

The first-ever visit of Standard Chartered group’s CEO Bill Winters to Vietnam last week highlighted the lender’s long-term commitment to the country, promising further investment to capture opportunities in the 90-million population market. During his trip, Winters called upon senior Vietnamese government and business leaders to exchange views about Vietnam’s investment opportunities and economic potential.

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Daily Real Estate News Highlights Vietnam - 26 September 2016

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.

CapitaLand to launch last tower at Seasons Avenue: Tower S4 Sonata Premier Vietnam Investment Review

Singaporean developer CapitaLand is launching for sale the last tower of its Seasons Avenue project in Mo Lao urban area, Hanoi. Surrounded by lush greenery, and a spectacular view of a 2.7-hectare lake in Mo Lao urban area, residents of Sonata Premier are treated CapitaLand to launch last tower at Seasons Avenue: Tower S4 to the best views in the Seasons Avenue project. Sonata Premier Around VND7, 000 billion invested in seaport complex in Quang Ninh Saigon Giai Phong

The project covering on an area of 1,192 hectres will be invested with a total capital of VND6, 940 billion (US301 million) by CDC International Corporation (CDC) from theCayman Islands, Middle Utilities Company Pte. Ltd of Singapore and Infra Asia Investment Limited from Hong Kong (China). The invnestmet duration of projects will run for 50 years. Bank mergers regain momentum

Industrial park in Quang Ninh

Vietnam Breaking News

It seems that the heyday of bank shares has returned as capital from domestic and foreign investors is flowing into the banking sector. Vietcombank shares have seen prices increasing in the last six months from VND40,000 per share to VND55,000. This helped the bank obtain a good price in selling 7.73 percent of its stakes to Singaporean GIC. Late buying lifts stocks for second day VietnamNews

Vietnamese shares struggled to extend gains yesterday on late buying in large-cap stocks during the near-end period of the session. The benchmark VN Index on the HCM Stock Exchange rose 0.8 per cent to close at 663.37 points, making a two-day increase of 1.8 per cent. HCM City to tackle flooding at Tan Son Nhat Airport Saigon Giai Phong

HCM City Party Secretary Dinh La Thang has urged HCM City authorities to develop a long-term plan to prevent worsening flooding at the country’s largest airport. He met with representatives from the ministries of Transport and National Defense and other agencies in HCM City on September 19 to discuss flood-prevention measures at Tan Son Nhat International Airport in Tan Binh District.

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Daily Real Estate News Highlights Vietnam - 27 September 2016

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.

Restructuring wipes out 25% of VN securities firms VietnamNews

After five years of aggressive restructuring, the number of securities companies here has reduced from 105 to 81 in 2016. This decrease came after the Ministry of Finance made restructuring securities firm a priority in early 2012. The main purpose was to heighten operational quality, financial capability, corporate governance and Restructuring wipes out 25% of VN securities firms risk management. State funds for bank debts bashed VietnamNews

Under the plan drafted by the Ministry of Planning and Investment, the feasibility of the proposal is to be studied by the Ministry of Finance and State Bank of Viet Nam. Authorities will have to submit a relevant resolution to the National Assembly for approval next year.

State funds for bank debts bashed

Protection of IPRs under TPP Agreement: Some challenges for Vietnam VietnamNews

The Trans-Pacific Partnership (TPP) Agreement was officially concluded on February 4, 2016 by 12 countries, including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Viet Nam. The issue of intellectual property (IP) is dealt with in Chapter 18 and the annexes of the TPP, which is believed to pose many challenges for Viet Nam, in terms of both legal aspects and IPR enforcement. PM approves Quang Ninh seaport Vietnam Investment Review

Prime Minister Nguyen Xuân Phúc has approved the development of a seaport and industrial park complex in the Nhà Mac marsh area, Quang Yen town, northern Quang Ninh Province. The CDC Corporation headquartered in the Cayman Islands, the Middle Utilities Company Pte Ltd from Singapore and the Infra Asia Investment Limited in Hong Kong are the investors of the project. Compliance with disclosure requirements grows VietnamNews

Listed companies have been better in complying with information disclosure requirements, improving the transparency of Viet Nam’s stock market, a survey has found. The survey, conducted annually to assess the level of compliance with disclosure requirements of listed stock market firms, was published by the Vietnam Association of Financial Executives and financial information services provider Vietstock.

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Daily Real Estate News Highlights Vietnam - 28 September 2016

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.

Foreign capital flowing to Vietnam’s housing market VietnamNet

Creed Group has once again surprised the public when signing a cooperation agreement with An Gia Investment on reserving an investment amount of $200 million to develop real estate projects in HCM City together with An Gia. Toshihiko Muneyoshi, president of Creed Group, when answering Dau Tu’s interview recently, said it is now the right time to make investment as the market has entered the recovery period. Real estate ads boom in Saigon

Takashimaya

VnExpress

Vietnamese research firm Data First just released a report chronicling six million real estate advertisements, including ads for rental properties, in Vietnam during the first nine months of this year. Ho Chi Minh City topped the list with more than 1.7 million ads Hochiminh City outshines others in number of real estate ads followed by more than 720,000 in Hanoi and 170,000 in Da Nang. State urged to retain 51% capital in Song Da Corporation VietnamNet

Song Da Corporation is the largest hydropower construction firm in VN with a market share of 85 per cent. The company plans to expand hydropower projects to Laos. In the equitisation plan designed for the company, which was submitted to the Government, the Ministry of Construction has proposed the State hold 51 per cent of Song Da Corporation’s capital after equitisation and reduce it to 36 per cent by 2020.and Cambodia in the future. Capital, though plentiful, still cannot be easily disbursed VietnamNet

The State Bank’s report released on August 5 showed that the M2 supply had increased by 9.8 percent by July 20 compared with December 2015. The mobilized capital had increased by 10.1 percent, and the outstanding loans by 8 percent by that time. With the reported growth rates, it is estimated that VND5,000 trillion had been injected by commercial banks into the economy this year. Mountain town Sapa sees 5-star resort boom VietnamNet

With natural beauty, cool & fresh climate and unique culture, Sa Pa is becoming a promising land for ambitious real estate developers. A market survey conducted by a real estate firm found there are 126 legal entities which provide accommodation services in Sa Pa with 1,950 rooms and 3,660 beds offered. These include five 2-star hotels, two 3-star and one 4-star hotels. The others are mostly privately run guest rooms.

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Daily Real Estate News Highlights Vietnam - 29 September 2016

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.

Foot in the door Vietnam Net

Singapore’s Pan Pacific Hotels Group (PPHG) announced in June that it has officially arrived in the country. It will launch the Pan Pacific Hotels and Resorts brand in Vietnam in the fourth quarter of this year with the introduction of Pan Pacific Hanoi on October 1, which is currently the Sofitel Plaza Hanoi. Pan Pacific Hotels and Resorts Euromoney names Vingroup Vietnam’s best property developer TuoitreNews

The company was named Vietnam’s best developer of mixed-use projects, best developer of shopping centers, and best developer of resorts in 2016, Vingroup announced in a press release on Monday. The firm sat atop the leader board of Vietnam’s housing sector with the Vinhomes real estate brand thanks to its prime location, high-quality construction and infrastructure, excellent services, and others.

The Vinhomes Real Estate

Shares increase for fifth straight day VietnamNews Vietnamese shares completed a week of gains on both local exchanges yesterday as investor confidence was kept positive and market trading liquidity soared on advance-negotiation deals. The benchmark VN Index on the HCM Stock Exchange edged up 0.4 per cent to finish the week at 674.09 points. The southern market index rallied 3.5 per cent over the five sessions of the week. Fate of Tan Tao project decided within a week VietnamNet On September 23, the Quang Ngai People’s Committee announced intentions to find a definitive end for the project. Accordingly, the investor will have to choose from two alternatives outlined by the province. The first possible course of action is for the investor to retain its interest in developing the project. It must commit to implementing the construction on schedule, according to the adjusted investment certificate granted on August 19, 2014, and completing the project in 2018. ASEAN logistics sectors told to collaborate VietnamNews Vietnamese shares completed a week of gains on both local exchanges yesterday as investor confidence was kept positive and market trading liquidity soared on advance-negotiation deals. The benchmark VN Index on the HCM Stock Exchange edged up 0.4 per cent to finish the week at 674.09 points. The southern market index rallied 3.5 per cent over the five sessions of the week. 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. ©2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 30 September 2016

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.

InterContinental Danang on top of Asia-Pacific Vietnam Investment Review

InterContinental Danang Sun Peninsula Resort has added to its long list of achievements by winning the “Best Resort Hotel in Asia-Pacific” title awarded by Business Traveller magazine. To receive the award, the resort has surpassed numerous and appallingly tough competition from regional luxury resorts. Camelia Homes – A bright spot in the real estate market

InterContinental Danang

Bizhub

Customer interest in Camelia Homes is the result of a 10-year ceaseless effort from Gamuda Land Vietnam. The company’s philosophies are responsible for Gamuda Land Vietnam’s quest to transform Gamuda City into a reality, which is created by comprehensive planning, nature-oriented design, amenities and facilities, as well as security and safety. Sun Group’s new apartments see overwhelming launch results

Camelia Homes

Vietnam Investment Review

The event saw the participation of 600 investors and future residents. According to the Real Estate expert, there are three reasons the project attracts such attention, namely its prime location, the shortage of luxury real estates in Tay Ho district, and the area’s bright future as a hub as the city expands to the north. SCIC to fully divest from Maritime Bank Vietnam Breaking News

The sale, equal to 0.3 per cent of the bank’s charter capital, will see the SCIC fully divest from its holding. The 2,402,325 shares, with a par value of VND10,000 ($0.45), will be sold to one investor. This year the SCIC expects to divest from 120 State-owned enterprises (SOEs) out of 197 where it represents State capital. In recent times there have been rumors circulating regarding the business activities of Maritime Bank. ADB lowers Vietnam’s growth forecast to 6 percent Vietnam Breaking News

The ADB forecast an economic recovery for Vietnam in the final months of the year. The bank said the foreign capital inflows would accelerate and that agricultural sector could make a slight recovery from the downward spiral in the first six months. As the government is set to provide more grants for roads, bridges and other infrastructure, additional spending on infrastructure projects could boost flagging economic growth.

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