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CBRE Vietnam Real Estate Spotlight – W13 2020

HCMC to merge 3 eastern districts to create innovation city, Cồn Market design to be selected later in April, Ba Ria–Vung Tau seeks investors for 23 key projects…

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    • Sapphire Parkville (Vinhomes Smart City) – Nam Tu Liem District

      • Scale: 3 Buildings 35 floors
      • Unit size: 25 – 102 sqm (Studio – 3 bedrooms)                                 
      • Price*: from VND33 million psm
    • Comatce Tower – Thanh Xuan District   
    • Total units: 100 units                        
    • Scale: 6,931 sqm
    • Unit size: 144 – 555 sqm (3 – 6 bedrooms)                                 
    • Price*: from VND29 million psm
    • Number of units: 704 apartments
    • Scale: total area 11,754 sqm
    • Unit size: 73 – 137 sqm (2 – 3 bedrooms)
    • Price*: from VND 31 million per sqm
    • Viet Duc Complex – Thanh Xuan District

* Prices included VAT

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* 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



















Dung Duong MRICS

Senior Director

T +84 286 284 7668



An Nguyen

T +84 24 2220 0220







Vietnam to stay among Asia’s fastest growing economies despite sharp slowdown: ADB

Vietnam’s economic growth rate is expected to slow sharply in 2020, to 4.8%, but remains among Asia’s fastest growing economies, the Asian Development Bank (ADB) has said in a report released today [April 3]. Such a slowdown came from the initial supply shock to economic activity from the outbreak of the Covid-19 and the subsequent and ongoing drop in demand from Vietnam’s principal trade and investment partners, stated the report.




Vietnam Airlines faces $2.1bn revenue cut, 10,000 job cuts due to pandemic: leader

In a letter sent to employees, the airline’s CEO Duong Tri Thanh said that it is unprecedented that the airline is currently grounding 100 out of 106 aircraft in its fleet. The executive said that the airline has suspended all international routes from 7:00 am on March 25 and maintained only a number of domestic flights connecting Hanoi, HCMC, and Da Nang. Vietnam Airlines thus expects to cut services by 60 percent and see its revenue slipping by VND50 trillion, or 65 percent of its targeted revenue in 2020



HCMC to merge 3 eastern districts to create innovation city


HCMC wants to merge three districts, 2, 9 and Thu Duc, and carve out a creative city as part of efforts to foster the development of its eastern part. Nguyen Thanh Phong, chairman of the city People’s Committee, said the establishment of the eastern city is based on the idea of ​​building a hi-tech and smart urban development zone. It is expected to spread over more than 211 sq.km and be home to more than 1.1 million people. The act would make HCMC the first locality in the country to have a city under the management of a city



Cồn Market design to be selected later in April

The central city is seeking the best architectural designs out of 21 submissions to develop the new Cồn Market project after a public display was held on March 27, the city’s construction consultancy centre said. It said the market, which was built 80 years ago and has undergone several decoration and upgrade projects, will cover 24,000sq.m with eight storeys and two underground levels. The market design will include a three-storey building for the traditional market traders and a night cuisine area for tourism.




Site clearance for major southern airport to be completed in October

Authorities in the southern province of Dong Nai are working hard to ensure site clearance for the Long Thanh Airport project is completed by October. Nguyen Dong Thanh, Director of the Dong Nai provincial Land Fund Development Centre, said that to build the airport, the State will revoke 5,000 hectares of land, including 1,800 hectares from 17 offices and organisations. The Dong Nai Rubber Corporation will be the hardest hit with over 1,700 hectares to be revoked. Dong Nai has finished compensation payments to the corporation to build two household resettlement areas in Loc An and Binh Son communes in Long Thanh district, while the corporation has also begun demolishing rubber trees to hand over the site.



Ba Ria–Vung Tau seeks investors for 23 key projects



At a meeting held on March 31, Vice Chairman of the provincial People’s Committee Le Quoc Tuan said that land clearance compensation for important projects must be carried out by local authorities, and that related procedures must be completed soon. The provincial Department of Planning and Investment must create documents to guide the investors bidding process. As for the Lam Vien Nui Dinh Tourism Area, the department is expected to report on how its investment will be carried out, and the provincial People’s Committee will select an investor for the project if the department is unable to choose one.




Businesses find opportunity in Covid-19 pandemic

From innovating new products out of unsold export items to reconnecting with domestic suppliers, Vietnamese businesses are finding silver linings amid the coronavirus cloud. A demand slump caused by the novel coronavirus was the catalyst for HCMC-based ABC Bakery’s newest invention, the dragon fruit bread, Kao Sieu Luc, its owner, said at a recent business conference held by VnExpress.




Japan to aid Vietnam in fight against Covid-19


Japanese Foreign Minister Motegi Toshimitsu has pledged an aid package worth at least JPY200 million (US$1.84 million) for Vietnam in the fight against the Covid-19 pandemic. In a telephone exchange on March 31 with his Japanese counterpart to discuss cooperation amid the complicated evolution of the Covid-19 pandemic, Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh highly appreciated the support of the Japanese government and people for Vietnam in the disease prevention, and asked the Japanese government to continue supporting the Vietnamese community in Japan in this difficult pandemic circumstance.