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CBRE Vietnam Real Estate Spotlight – W19 2020

Vietnam launches campaign to reboot domestic travel after COVID-19 freeze, South Korean group proposes $150 million technopark in Dong Nai, Vietnam to stop considering new airlines establishment due to COVID-19…
 

New Launched

  • Vinhomes Ocean Park – S1.08 Tower ( Gia Lam District)

    • Total units: 498 units                        
    • Unit size: 27.8- 98.1 sqm (1 – 3 bedrooms)
    • Price*: from VND32.7 million psm


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  • The Terra An Hung (Ha Dong District)

    • Total units: 1,328 units                        
    • Scale: 35,574 m2
    • Unit size: 74.3 – 140.8 sqm (1 – 4 bedrooms)
    • Price*: from VND23 million psm
  • Ecopark Sky Oasis (Van Giang District – Hung Yen)
  • Total units: 1,256 units  
  • Scale: 18,247 sm land area
  • Unit size: 29.2 – 96.1 sm (1- 3 bedrooms) & 126.2 sm (penthouse)                         
  • Price*: from VND26 million psm
  • Total units: 216 units     
  • Scale: 31,860 sqm                                                  
  • Unit size: 86- 111 sqm (2- 3 bedrooms)                                 
  • Price*: from VND31 million psm
  • Vinata Tower (Thanh Xuan District)                                 
  • * 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

 

 

HCMC works on plan to build fifth metro line
Saigon Times

The Metro Line No.5 in its first phase will run from Bay Hien Intersection in Tan Binh District to Saigon Bridge, stretching some 8.9 kilometers. It is projected to connect with the city’s other metro lines in the years to come, such as Metro Line No.1 at Saigon Bridge, Metro Line 3b at Hang Xanh Intersection, Metro Line No.4 at Phu Nhuan Intersection, Metro Line 4b at Hoang Van Thu Park and Metro Line No.2 at Bay Hien Intersection.

 

Wave of foreign investment into Vietnam
Sggpnews

According to the General Statistics Office of Vietnam, in the first four months of this year, there were 2,523 times of capital contribution and purchase of shares of foreign investors with a total value of nearly US$2 billion, an increase of 52.6 percent over the same period last year. Although the Covid-19 pandemic has been developing complicatedly worldwide, Vietnam is still the destination that receives much attention from FDI enterprises. Ms. Banjongjitt Angsusingh, Director of the Department of International Trade Promotion under the Ministry of Commerce of Thailand, said that over the past time, there were around 200 Thai enterprises seeking to invest in Vietnam

 

Party Central Committee’s 12th plenum concludes
Nhandan

The PCC decided directions on personnel for the 13th National Party Congress and on the general election of deputies to the 15th National Assembly and People’s Councils at all levels for the 2021-2025 term. The committee also made decisions on the standards, number, and applications for delegates to the 13th National Party Congress and looked into other major issues. In his closing remarks, Party General Secretary and President Nguyen Phu Trong said the 13th PCC must be a united, pure and strong collective that has firm political mettle, good virtues, a strategic vision, and a creative mindset
 

 

Vietnam to stop considering new airlines establishment due to COVID-19
Tuoitrenews

Vietnam’s aviation market has seen double-digit annual growth over the past decade but due to the pandemic, the number of arrivals this year is expected to fall by 43 percent on the year, according to a transport ministry report in April.

 

 

 

 

South Korean group proposes $150 million technopark in Dong Nai
VIR

Vietnam-Korea Techno Park proposed to the Dong Nai provincial government to build a 300-hectare industrial park. The project will be developed in three stages with $150 million in total investment and is expected to lure $2-3 billion of investment within six-nine years of operation. This is the first technopark to be built by Vietnamese-Korean co-operation in the country. The park will focus on innovation activities and the commercialisation of high-tech products, including research and development, high-quality human resources training, innovation, manufacturing, and entertainment

 

Vietnam’s central bank cuts rates further to boost growth
Nhandan

 

The refinance rate was slashed from 5% to 4.5% while the rediscount rate fell from 3.5% to 3.0%. The overnight lending rate was also cut by 0.5 percentage point to 5.5%. At the same time, several rates on Vietnamese dong deposits were reduced by 0.3-0.5 percentage point, with the interest rate on deposits of less than one month now capped at 0.2%, down from 0.5%

 

Vietnamese companies face threat of being acquired on the cheap
VnExpress

The State Bank of Vietnam has announced a string of interest rate cuts for the second time in 2020, aiming to boost economic activities hit by the coronavirus outbreak and to ensure social security. The refinance rate was slashed from 5% to 4.5% while the rediscount rate fell from 3.5% to 3.0%. The overnight lending rate was also cut by 0.5 percentage point to 5.5%. At the same time, several rates on Vietnamese dong deposits were reduced by 0.3-0.5 percentage point, with the interest rate on deposits of less than one month now capped at 0.2%, down from 0.5%

 

 

Vietnam launches campaign to reboot domestic travel after COVID-19 freeze
Tuoitrenews

The campaign is introduced as the domestic market is regarded as the primary driver for the recovery of Vietnam’s tourism industry from the crushing impacts of the pandemic. Named ‘Vietnamese people travel to Vietnamese destinations,’ the campaign is aimed at promoting tourism destinations in the country, create new attractive tourism products and high-quality tourism services for local residents via the implementation of diverse tourism stimulus packages, and discounts and promotions offered and committed by enterprises in the industry.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

www.cbrevietnam.com