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CBRE Vietnam Real Estate Spotlight – W12 – 2021

Vietnamese tourism workforce shrinks by 60 percent in 2020, AEON Vietnam to build new shopping mall in Bac Ninh province, Deputy PM urges fast implementation of Long Thanh Airport’s component projects…


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    • The Nine – Cau Giay District                     

      • Total units: 350 units
      • Scale: 5,190 sqm
      • Unit size: 75 – 162 sqm (Apartment)       
      • Price*: from VND 42 million psm  
    • The Matrix One – Nam Tu Liem District

      • Total units: 740 units
      • Scale: 39.8 ha
      • Unit size: 86 – 112.5 sqm (Condos)
      • Price*: from VND 50 million psm 
    • The Summit 216 – Cau Giay District

      • Scale: 2,373 sqm
      • Total units: 288 units
      • Unit size: 86.4 – 145.4 sqm (Apartment)
      • Price*: from VND 50 million psm

* Prices included VAT

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    • Lumière Riverside (District 2)

      • Developer: Masterise Homes
      • Total units: 4 towers                                                               
      • Unit size: 1 – 4 bedrooms, Shophouse, Duplex, Penthouse
    • Masteri Centre Point (District 9)  

      • Developer: Masterise Homes
      • Total units: 10 towers                                                               
      • Unit size: 1 – 4 bedrooms
    • King Crown Infinity (Thu Duc District)

      • Developer: Gia Khang
      • Total units: 2,000 units
      • Unit size: 53.8 – 102.8 sqm

* Prices included VAT

Note: Selected newspapers include Dau Tu Bat Dong San, Thoi bao kinh te Vietnam, The gioi thong tin bat dong san, CafeF, Tuoitre, Tap chi dau tu bat dong san, Vietnamnet, Thi truong Bat dong san & Tai san, Nguoi dua tin, VnExpress

Hanoi plans to begin construction of 43 industrial clusters in 2021

The capital city of Hanoi is planning to start construction of 43 industrial clusters in 2021, which were set up during the 2018-2020 period. Accordingly, the municipal People’s Committee will begin construction of one industrial cluster in Quarter 1, 23 in Quarter 2, 13 in Quarter 3, and six in Quarter 4. The city is striving to complete technical infrastructure for at least 20 industrial clusters, while attracting investment into 10-15 clusters. All of the operating industrial clusters will have synchronous technical infrastructure, which will be managed in line with the current regulations. Furthermore, all of the newly-built industrial parks will have standardised sewage treatment stations. 


Moody's change of outlook for Viet Nam by two places unprecedented: official
Moody's Investors Service (Moody's)'s decision to maintain the Government of Vietnam's long-term issuer and senior unsecured ratings at Ba3 and changing the outlook to “positive” from “negative” is unprecedented, an official has said. Moody’s raised the credit rating for Vietnam to Ba3 in August 2018, and this is the first time it has changed the outlook for the country by two places, to “positive”, since the COVID-19 pandemic broke out. It explained that this decision is in recognition of Vietnam's economic development that has outpaced other countries with similar credit ratings amid extremely complex developments of the COVID-19 pandemic around the world. It noted that Vietnam's economic policies and disease containment solutions have supported domestic economic activities and foreign trade to recover quickly and helped with budget collection.

Thu Duc City prioritizes traffic infrastructure, urban renewal projects
Deputy Chairman of the newly-established Thu Duc City People’s Committee Nguyen Bach Hoang Phung emphasized to speed up major public-invested projects and increase disbursement rate as per the direction of the municipal People’s Committee with the focus on infrastructure projects, traffic connection projects, drainage projects, anti-flooding projects, urban renewal projects to bring considerable changes in the city.

Deputy PM urges fast implementation of Long Thanh Airport’s component projects

Deputy Prime Minister Trinh Dinh Dung has urged the People’s Committee of the southern province of Dong Nai to quickly carry out forth projects on land acquisition, compensation, site clearance, and development of resettlement zones for construction of Long Thanh International Airport. Dong Nai should join hands with the Ministry of Transport, the Airports Corporation of Vietnam and competent agencies to implement component projects to ensure efficiency and progress of Long Thanh Airport construction. Construction of the first detail of Long Thanh International Airport starts on January 5.

Vietnam Airlines resumes international commercial flights

Vietnam Airlines has resumed international commercial operations after a long hiatus, with its first flight arriving in Da Nang from Taiwan on Thursday. Over 200 passengers arrived from Taipei, all paying from their pockets for quarantine and COVID-19 testing on landing. "This flight marked the restart of Vietnam Airlines' inbound commercial flights after a period of suspension due to the complicated development of COVID-19," the carrier said in a release. Before departure, all passengers had to furnish a certificate showing they had tested negative for the novel coronavirus based on an RT-PCR test done three days before the flight.



AEON Vietnam to build new shopping mall in Bac Ninh province
AEON Vietnam will kick off construction of a new shopping mall worth some 190 million USD in the northern province of Bac Ninh next year, per an MoU on cooperation signed between the company and local authorities on March 26. Bac Ninh will facilitate AEON in conducting research and will prepare the related paperwork for the establishment of the new mall. Once in operation, it is expected to create about 3,000 jobs and put local farm produce and traditional products on shelves.

Mekong Delta expressway construction to start next year
Work is set to begin next year on a 156-km expressway linking Can Tho City with Ca Mau Province. In connecting the delta’s economic center with the southernmost tip of the country, the expressway will pass through provinces of Vinh Long, Hau Giang, Soc Trang, and Bac Lieu, boosting connectivity in Vietnam's agriculture hub. During the first phase of the project that is estimated to cost VND37.6 trillion ($1.63 billion), the expressway will be designed with two lanes that allow vehicles to travel at 80 kilometers per hour. In the second phase that would cost VND64 trillion, it would be upgraded into four lanes, allowing speeds of up to 100 km an hour. Construction is set to be completed in 2025.

Vietnamese tourism workforce shrinks by 60 percent in 2020
Statistics that Vietnamese officials cited in a recent roundtable conference paint a depressing outlook of the domestic tourism sector in 2020, which requires quick responses to reverse the course in 2021. As the COVID-19 pandemic ravaged global tourism, inflicting a total loss of US$1.3 billion, Vietnam’s tourism sector also suffered with foreign tourist counts dropping 79.5 percent, while domestic travelers fell 34 percent last year, according to Nguyen Trung Khanh, chairman of the Vietnam National Administration of Tourism.




















Dung Duong MRICS

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An Nguyen

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