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CBRE Vietnam Real Estate Spotlight – W14 2020

Quang Nam prioritises green FDI projects, Saigon's Q1 foreign arrivals down 42 percent, Realty firms try their best to cope with COVID-19…









New launched:

  • Ecopark Sky Oasis (Van Giang District – Hung Yen)

    • Total units: 1,256 units  
    • Scale: 18,247 sqm land area
    • Unit size: 29.2 – 96.14 sqm (1- 3 bedrooms)                                
    • Price*: from VND 26 million psm

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  • TNR Goldmark City (Bac Tu Liem District)   

    • Total units: ~5,000 units                        
    • Scale: 113,996 sqm land area
    • Unit size: 68-161 sqm (2-4 bedrooms)                                 
    • Price*: from VND 26 million psm



* Prices included VAT

  • No New Launch
  • No New Advertisement:               

                                                    

* 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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOR MORE INFORMATION,CONTACT:

Dung Duong MRICS

Senior Director

T +84 286 284 7668

dung.duong@cbre.com

 

An Nguyen
Director

T +84 24 2220 0220

an.nguyen@cbre.com

 

 

 

 

 

Moody's places five VN financial institutions on review for downgrade
 

 

Moody's Investors Service has placed the long-term ratings and assessments of three Vietnamese finance companies and two Vietnamese banks on review for downgrade. According to Moody’s, the rapid and widening spread of the COVID-19 outbreak, deteriorating global economic outlook, falling oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets. The consumer finance industry in Việt Nam is vulnerable to the disruptions given its risky borrower profile and heavy reliance on wholesale funding.

 

 

 

Deadlines for tax and land use fee payments extended

 

The decree took effect immediately and the extension would be five months from the deadline for payments. Accordingly, businesses operating in the agro-forestry-fishery, food processing, textile, garment and construction industries would enjoy the extension, besides those operating in transportation, warehouse, accommodation and catering, education, medical services and part-supply sectors.


 

A US$1.27 billion package offered to supports firms amid the pandemic

 
 

 

Techcombank on Wednesday announced a VND30 trillion (US$1.27 billion) credit package to support its customers to overcome difficulties amid the COVID-19 pandemic. The package includes exemptions and reductions of lending rates as well as extending and rescheduling debts for both businesses and individuals.

 

 

 

Da Nang posts sharp increase in domestic investment
Nhandan

 
Due to the impact of the COVID-19 pandemic, foreign direct investment (FDI) in the city has slowed down but domestic investment is on the rise. So far, the city has attracted 335 projects by domestic investors with accumulated capital of over VND112.6 trillion (US$4.83 billion). Meanwhile, the city attracted nearly US$83.5 million worth of FDI capital in the first quarter of this year, lower than expected. The pandemic has interrupted a series of large projects with registered capital totalling hundreds of millions of US dollars. A bright note is that the disbursement of FDI capital in the first quarter of this year reached VND1.79 trillion (US$76.78 million), a year-on-year increase of 92.1%.

 

 

Realty firms try their best to cope with COVID-19
Vietnamplus

 
 

 

 
Cutting costs and restructuring products are what many real estate firms are doing to deal with difficulties caused by COVID-19. According to the Vietnam Association of Realtors (VAR), the pandemic has caused many difficulties for the property market. Its preliminary statistics show that since the beginning of 2020, there have been no projects launched and over 50 per cent of the 1,000 real estate trading floors nationwide have shut down.

 

 

 

Disburse Long Thanh Airport funds within the year: PM

Prime Minister Nguyen Xuan Phuc has asked Dong Nai Province to disburse VND17 trillion ($720 million) for the Long Thanh Airport project by the end of this year. At an online meeting with the southern province's authorities Wednesday, Phuc noted that despite the government allocating over VND17 trillion to the province for construction of the Long Thanh Airport, only about VND1.8 trillion ($77.59 million), or 10 percent of the allocated amount, had been disbursed.
 


 

 

 

 
Saigon's Q1 foreign arrivals down 42 percent
 

 

HCMC lost around VND10 trillion ($425 million) in first-quarter tourism revenue, with its foreign visitor numbers plummeting 42 percent year-on-year due to the novel coronavirus. The number of foreign arrivals in Ho Chi Minh City in Jan-March fell to 1.3 million, while tourism revenue hit VND25.5 trillion ($1.08 billion), down 26 percent over the same period last year, according to the municipal Tourism Department.
 

 

 

 
Quang Nam prioritises green FDI projects
 

 

HCMC lost around VND10 trillion ($425 million) in first-quarter tourism revenue, with its foreign visitor numbers plummeting 42 percent year-on-year due to the novel coronavirus. The number of foreign arrivals in Ho Chi Minh City in Jan-March fell to 1.3 million, while tourism revenue hit VND25.5 trillion ($1.08 billion), down 26 percent over the same period last year, according to the municipal Tourism Department.
 

 

 

 

 

 

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