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CBRE Vietnam Real Estate Spotlight – W23 – 2020

One last section keeps Hanoi – China border expressway incomplete, South Korea's CJ CGV to sell stake in Vietnamese subsidiary, Facebook and MPI launch “Proud Việt Nam” tourism promotion project…

  • New launched:

    • Vinhomes Smart City – Sapphire Parkville S4.02 (Nam Tu Liem District)

      • Total units: 616 units                        
      • Unit size: 30.4 – 106.7 sqm (1-3 bedrooms)                            
      • Price*: from VND 40 million psm
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    • Le Grand Jardin – G3 Central Garden ( Long Bien District)

      • Total units: 1,120 units  
      • Total building: 9 buildings
      • Unit size: 49.9 – 105.1 sqm (2 – 3 bedrooms)                     
      • Price*: from VND 28 million psm
    • Mipec Rubik360 (Cau Giay District)                                 

      • Total units: 976 units     
      • Scale: 41,000 sqm                                                  
      • Unit size: 53.3 – 125.1 sm (2 – 4 bedrooms)                                 
      • Price*: from VND41 million psm      
    • The Terra- An Hung (Ha Dong District)

      • Total units: 1320 units                        
      • Scale: 35.574 sqm
      • Unit size: 74.3 – 140.8 sqm (1 – 4 bedrooms)
      • Price*: from VND 22.5 million psm

* Prices included VAT

  • No New Launch
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    • Picity High Park (District 12)  

      • Developer: Pi Group & Gia Cu
      • Total units: 2,635 units                                                               
      • Unit size: 44 – 79 sqm (1 – 4 bedrooms & penthouse)              

* 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
 

East HCMC entices new investors
VIR

The recent green light for Ho Chi Minh City People’s Committee to set up an innovative hub in the east would make the so-called Vietnam Silicon Valley come to life and attract further investment into the city’s real estate market. The proposed innovative city is expected to combine research and development centres, human resources training, and application of science and technology. The creation of this creative city is based on the idea of building a hi-tech and smart urban development zone for Ho Chi Minh City, the southern key economic region of the whole country, and for neighbouring regions.

 

 

Vietnam to resume flights to Guangzhou, Taiwan, Seoul and Tokyo
Asia.Nikkei

Vietnam said on Thursday it is preparing to resume international flights to China, Taiwan, South Korea, Japan and Laos in a bid to sustain growth, with the first flights set for early July.
 

 

Facebook and MPI launch “Proud Việt Nam” tourism promotion project
Vietnamnews

Facebook, in collaboration with the Ministry of Planning and Investment, launched the "Proud Việt Nam" project, including the "Immense Việt Nam" music video, which aims to promote interest in Việt Nam’s tourism development. The “Proud Việt Nam” project also aims to promote domestic and foreign tourism in Việt Nam and is expected to be a source of national pride for the Vietnamese people in response to the Prime Minister's call for post-COVID-19 economic and tourism promotion.

 

More Vietnamese use livestream, says e-commerce company
Vietnamnews

Vietnamese consumers, across ages, are tending to use livestream as a way to connect with sellers and gather information about products while shopping from home, e-commerce giant Shopee said in a report. The e-commerce platform identified three popular trends in livestream activities in recent months.

 

Deputies, experts, businesses on EVFTA approval
Vietnamnews

National Assembly deputies ratified the Europe-Vietnam Free Trade Agreement (EVFTA) and the Europe-Vietnam Investment Protection Agreement (EVIPA) on Monday morning. Vietnam News Agency spoke to various officials about the EVFTA's implementation as well as opportunities and challenges facing Việt Nam on the way to better access to the European market.

 

Digital economy hoped to make up 20% of Vietnam's GDP by 2025
Vietnamnews

 

Prime Minister Nguyen Xuan Phuc has given the green light to a new digital programme to increase economic growth over the next five years. The plan is to develop a digital government, economy, and society and create digital technology businesses capable of extending their reach to the world. It is hoped this will account for 20 per cent of the country’s GDP by 2025 and at least 10 per cent of each sector. Vietnam also expects to be among the top 50 countries in the ICT Development Index and the Global Competitiveness Index, and one of the 35 leading countries in the Global Innovation Index (GII).

 

South Korea's CJ CGV to sell stake in Vietnamese subsidiary
VnExpress

Hit hard by Covid-19, CJ CGV will sell a 25 percent stake in a Vietnamese real estate subsidiary to improve its financial structure. South Korea's largest multiplex cinema chain said it plans to sell the stake in CJ Vietnam for around 32.4 billion KRW ($26.84 million), equivalent to 5.4 percent of its charter capital, on July 3, according to Business Korea. A CJ CGV rep told VnExpress Thursday that the deal will take place internally among companies of the parent CJ Group, a conglomerate holding company operating in foods, services, technology, logistics and media.

 

One last section keeps Hanoi – China border expressway incomplete
VnExpress

Construction of an expressway section that will ease travel between Hanoi and the China border has stalled due to lack of funds. The 43-kilometer Huu Nghi – Chi Lang section in the northern province of Lang Son was approved by the government in 2016 at a cost of VND8.7 trillion ($376 million). To run between the Huu Nghi Border Gate and Chi Lang District, it is to be linked with the existing Bac Giang – Chi Lang Expressway to connect Hanoi with the border. As Huu Nghi is a key border gate between Vietnam and China, the section could improve trade and economic activities in the northern region. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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