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CBRE Vietnam Real Estate Spotlight – W13 – 2021

VinMart to become Winmart, Trade surplus in Q1 reaches more than 2 billion USD, PM approves $147 mln new port in Da Nang…


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    • Tecco Diamond – Thanh Tri District

      • Total units: 665 units                         
      • Scale: 7,525 sqm
      • Unit size: 63 – 106 sqm (2 – 3 bedrooms)          
      • Price*: from VND 25 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 
    • Feliz Homes – Hoang Mai District

      • Total units: 1248 units
      • Scale: 21,000 sqm
      • Unit size: 44 – 120 sqm
      • Price*: from VND 32 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

VinMart to become Winmart

A year after conglomerate Masan Group acquired it from Vingroup, the VinMart retail chain is set to become WinMart. The rebranding would take place after restructuring of the retail chain is complete, Truong Cong Thang, CEO of The CrownX, a subsidiary that operates VinMart, said at the Masan annual general meeting Thursday. In December 2019, the company acquired a 83.74 percent stake in VinCommerce, the subsidiary of Vietnam’s biggest private conglomerate, Vingroup, which operated VinMart chain.


Ministries request strict management on real estate market
The Ministry of Construction, on March 30, said that it had sent Official Dispatch No.989/BXD-QLN to the People's Committees of municipalities on strengthening the management of the real estate market. Accordingly, the Ministry of Construction proposed localities to promptly implement management measures to prevent land fever and real estate bubbles in the area, and publicize information on the planning and implementation progress of infrastructure development projects, especially the merger, establishment, and upgrade of administrative units.

Trade surplus in Q1 reaches more than 2 billion USD
The country's export turnover increased 22 percent to reach 77.34 billion USD in the first quarter, while the trade surplus was estimated at 2.03 billion USD. GSO said goods export turnover in February reached 20.196 billion USD, 196 million USD higher than planned, adding that export turnover was estimated to reach 28.6 billion USD in March, marking an increase of 41.6 percent over February and 19.2 percent over the same period last year. In Q1, there were 11 items with an export turnover of more than 1 billion USD, accounting for 76.6 percent of the total export turnover. They included four items with an export turnover of over 5 billion USD, accounting for 54.7 percent.

Central Retail to invest $1.1 billion in Vietnam in next 5 years

Thai retailer Central Retail Corporation has unveiled a five-year plan to invest 35 billion baht (US$1.1 billion) to expand in Vietnam. Yol Phokasub, its CEO, said: “Throughout CRC’s nine years of operations in Vietnam, food has remained a significant category, contributing approximately 70 per cent of total revenues. The company [now] aims to solidify the non-food category and enhance its omnichannel platform. The omnichannel platform will include online sales, e-commerce, quick commerce, social commerce (chat & shop), hotlines, and ‘click and drive’ services.


PM approves $147 mln new port in Da Nang

The Prime Minister has approved a plan to build the Lien Chieu Port in Da Nang at a cost of over VND3.4 trillion ($147 million). Most of the funds, around 87 percent will be sourced from the state budget. With several features including breakwaters and auxiliary facilities, the port will be able to accommodate container ships weighing 6,000-8,000 TEUs. Work on the port is expected to be completed in 2025.



Ceremony announces establishment of new economic zone in Kien Giang
A ceremony was held in Ha Tien city in the Mekong Delta province of Kien Giang on April 2 to announce the establishment of the Ha Tien Border-Gate Economic Zone, the province’s only economic zone. Established under a decision from Prime Minister Nguyen Xuan Phuc on August 5, 2020, the 1,600-ha economic zone spans five communes – Phao Dai, Dong Ho, To Chau, Binh San, and My Duc. It consists of seven areas, including duty-free, tourism, administrative, residential areas, an industrial park, and the Ha Tien International Border Gate, which leads to the Prek Chak International Border Gate on the Cambodian side, and service areas.

Hanoi determined to implement socio-economic development solutions
Hanoi continues to affirm its place as one of Vietnam’s economic growth drivers. According to the municipal People’s Committee, its GDP growth is estimated at 5.17 percent for the first quarter of 2021, compared to 4.13 percent in the same period last year and higher than the country’s average. In the context of the global economy facing a range of difficulties, Hanoi remains determined to step up business and production and has carried out measures towards this end.

PM asks to remove difficulties for VND10-trillion flooding prevention project
According to the resolution, the anti-flooding project is one of the key and urgent works of HCMC. Currently the done work of the project reached more than 90 percent. The Government approved the proposal by the HCMC People’s Committee; the ministries of Investment and Planning, Justice, Finance; the State Bank of Vietnam; Minister cum Chairman of the Office of the Government to solve difficulties for the project. Accordingly, the city will be allowed to continue to carry out the project in accordance with the Notice No. 285/TB-VPCP dated on August 20, 2015 issued by the Office of the Government to ensure the social and economic benefits and avoid causing losses and wastefulness. The government asked the HCMC People's Committee, investors, design, consulting and inspection units to be responsible for the efficiency and safety of the project.




















Dung Duong MRICS

Senior Director

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An Nguyen

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