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CBRE Vietnam Real Estate Spotlight – W29 – 2020

HCMC speeds up disbursement of public funds to fuel growth, Vietnamese carrier operates first charter flight to China after five months, Ho Chi Minh City proposes expanding lifespan of Saigon Centre IV and V…

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

      • Total units: 1,256 units  
      • Scale: 18,247 sqm land area
      • Unit size: 29.2 – 96.1 sqm (1- 3 bedrooms) & 126.2 sqm (penthouse)                         
      • Price*: from VND 28 million psm
    • The Terra An Hung (Ha Dong District)

      • Total units: 1,320 units                        
      • Scale: 35.574 sqm
      • Unit size: 74.3 – 140.8 sqm (1 – 4 bedrooms)
      • Price*: from VND 23 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

* Prices included VAT

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    • The River Thu Thiem (District 2)

      • Unit size: 57 – 185 sqm (1 – 4 bedrooms)       
      • Total units: 525 units                                                            
      • Developer: Refico

* 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


Hanoi workshop to promote cross-border e-commerce with Amazon
A workshop will take place in Hanoi on July 30 to discuss cross-border e-commerce with Amazon and opportunities for exports, according to Deputy Director of the Hanoi Department of Industry and Trade Tran Thi Phuong Lan. The event will be hosted by the department in partnership with the Ministry of Industry and Trade (MoIT)’s e-Commerce and Digital Economy Agency, the Hanoi Small and Medium Enterprises Association, and Amazon Global Selling.



Fifteen more Japanese firms want to open plants in Vietnam
Fifteen more Japanese businesses want to open plants in Vietnam, Chief Representative of the Hanoi Office of the Japan External Trade Organization (JETRO) Takeo Nakajima told a press conference on July 23. Nakajima said the Japanese Government has launched a programme to help Japanese firms diversify their supply chains in ASEAN member countries. The Japanese Government is encouraging companies to diversify their supply chains to avoid dependence on a single market, he said, adding that each business joining the programme will receive a maximum grant of 5 billion JPY (US$47 million).


HCMC proposes lengthening Vo Van Kiet road to Long An
The HCMC Department of Transport has proposed extending Vo Van Kiet Avenue to Duc Hoa District in neighboring Long An Province in the Mekong Delta to create an inter-regional route and boost the economic growth of the two localities. Vo Van Kiet Avenue, which is 60 meters wide and 13 kilometers long, was opened to traffic in 2009. It is considered a key route to connect HCMC with many provinces in the southern region. Apart from this, HCMC and Long An Province reached a consensus to develop a new road in the northwest. The new road is expected to be some 20 kilometers in length, starting at National Highway 1A in Binh Tan District and ending at Ring Road 4 in Long An Province’s Hau Nghia Town.


Long An International Port to have more wharves
Construction on three new wharves at the Long An International Port project will be completed in 2021, and another wharf will be built in that same year to increase the port's capacity. The Long An International Port currently has three operating wharves with a combined length of 630 metres, according to the Long An Provincial People's Committee. The three new wharves will be able to receive ships of up to 70,000 DWT and will be ready for operation in 2021. In addition, construction is expected to start on another wharf in 2021. With a total investment of nearly 10 trillion VND (432.7 million USD), the project will cover 147 hectares in size.


Ho Chi Minh City proposes expanding lifespan of Saigon Centre IV and V
HCMC People’s Committee has submitted proposals to the prime minister to extend the operation time of the Saigon Centre IV and V projects until 2070 instead of 2043 due to the slow land delivery by city authorities. At a meeting on the implementation of the public investment plan in 2020 and breaking through difficulties at delayed key foreign investment projects held on the afternoon July 20 in Ho Chi Minh City, chairman Nguyen Thanh Phong proposed the prime minister to expand the lifespan for Saigon Centre IV and V to 50 years from the day of land delivery.


Vietnamese carrier operates first charter flight to China after five months
Vietnam Airlines's charter flight to China's Nanjing airport last Saturday marked the first such exchange between the two nations since the suspension of aviation activities in February. The aircraft flew empty on its return as Vietnam's doors remain closed to international tourists to contain the second wave of Covid-19. All flight crew were quarantined upon landing in the country.


HCMC speeds up disbursement of public funds to fuel growth
Districts and sectors in HCM City have been requested to ensure at least 80 percent of this year’s public funds are disbursed by October 15 and to raise the rate to over 95 percent by year’s end, as the city has committed to the Government. 


Japan moves to relax entry restrictions for Vietnam
Japan will ease entry restrictions for Vinetam and Thailand this month, said Foreign Minister Motegi Toshimitsu on Wednesday. However, all citizens of the two Southeast Asian countries would be quarantined for 14 days at home or a designated location, according to Japan’s Ministry of Foreign Affairs. Regarding the permission for business people and those with work purpose to enter Japan, the ministry said it will continue coordinating with Vietnam and Thailand via diplomatic channels to implement this programme as soon as possible and announce agreements immediately.



















Dung Duong MRICS

Senior Director

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An Nguyen

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