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CBRE Vietnam Real Estate Spotlight – W17 2020

Vietnam prepared for a new normal, Vietnam plans more domestic flights as travel demand grows, Further clarity to new investment laws…
 


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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

 

 

Vietnam prepared for a new normal
Nhandan

After the Prime Minister launched a second front to stop economic slowdown and stimulate recovery, some localities that are regarded as engines of the Vietnamese economy have set out plans to bring economic activity back to normal based on the national recovery scenarios. At the same time, credit and fiscal packages are also being implemented to bolster production and business to prevent them being broken up by COVID-19.

 

Long-haul buses come back on stream in Vietnam
Tuoitrenews

Passenger buses were allowed to operate again from Wednesday at 100 percent their capacity along approved routes. Operators have to make sure necessary measures are taken to prevent the spread of novel coronavirus disease (COVID-19) during their operations. Accordingly, passengers have to be seated one meter or one seat apart. Travelers are required to wear face masks during their journey and fill out health declaration forms. All drivers and conductors have to wear face masks and gloves, as well as having their health monitored regularly. Vehicles have to be equipped with hand sanitizers and properly disinfected after each journey.

 

Vietnam plans more domestic flights as travel demand grows
VnExpress

Vietnam’s aviation authorities are proposing a phased increase in domestic flights frequency with travel demand likely to rise ahead of upcoming national holidays. The Civil Aviation Administration of Vietnam (CAAV) has proposed to the Transport Ministry a plan to further increase flight frequency on domestic routes, arguing that the nation is exerting better control on the Covid-19 pandemic and has already relaxed restrictions to restore socioeconomic activities.
 

 

Vietnam attracts US$12.33 billion in FDI in four months
Nhandan

Vietnam attracted US$12.33 billion in foreign direct investment (FDI) in the first four months of 2020, a year-on-year decrease of 15.5% due to the impact of the COVID-19 pandemic, according the Ministry of Planning and Investment’s Foreign Investment Agency (FIA). The figure, however, was much higher than that of the same period of 2018 and 2017 with US$5.8 billion and US$9.2 billion, respectively, the FIA said. The four-month period saw 984 new foreign-invested projects licensed with a total registered capital of US$6.78 billion, down 9.1% in term of number of projects but up 26.9% in value year-on-year.

 

Further clarity to new investment laws
VIR

International investors are seeking for more positive changes in mergers and acquisitions transactions and market access conditions in the latest draft amendments to the Law on Investment to keep them moving forward with their future ventures. The Ministry of Planning and Investment (MPI), which compiles the draft amendments to the Law on Investment 2014, submitted the latest draft to the National Assembly (NA) Standing Committee in mid-April to discuss affairs of concern before sending it to the NA’s May session for approval, with market access conditions and mergers and acquisitions (M&A) transactions garnering the most attention among foreign ventures.

 

HCMC allocates nearly US$150 million for 13 traffic projects
Sggpnews

HCMC broke ground on 13 big traffic projects with total investment of VND 3,500 billion (US$ 150 million) yesterday, Director of Ho Chi Minh City Transportation Works Construction Investment Project Management Authority Luong Minh Phuc said. One of the expected projects is My Thuy 3 Bridge, part of the second phase of the My Thuy Intersection project with a total investment of VND 2,000 billion. The six-lane bridge is expected to ease traffic congestion at Cat Lai Port in HCMC’s District 2 after completed.

 

Da Nang calls for 587.3 million USD in investment in IZs
Vietnamplus

The Da Nang Hi-Tech Park and Industrial Zones Authority (DHPIZA) has offered bidding documents for preliminary selection of investors for infrastructure development of three industrial zones in 2020-2023. DHPIZA’s head Pham Truong Son said the international bidding will help seek eligible domestic and foreign investors developing infrastructure works on two new industrial zones (IZs) of Hoa Nhon, Hoa Ninh, and the second stage of Hoa Cam IZ on total 880ha with an estimated investment capital of 13.8 trillion VND (587.3 million USD).

 

HCMC to hold design contest for $64mn opera house
Tuoitrenews

HCMC will organize a contest to select an architectural design for a 1,700-seat symphony, opera and ballet theater worth over VND1.5 trillion (US$64 million) in the Thu Thiem New Urban Area in District 2. The theater project is intended to cover more than 20,300 square meters of land, with 10,030 square meters zoned for theater development and the remainder for a park, according to a decision signed by the city’s vice-chairman Vo Van Hoan on Monday. The municipal authority for civil and industrial construction projects will serve as the chief developer of the theater. The architectural design is poised to symbolize Vietnam’s huge, bustling metropolis and be a landmark that appeals to visitors to the city.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

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