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CBRE Vietnam Real Estate Spotlight – W30 – 2020

Three Vietnam hotels make global best list, Most Japanese firms in Vietnam affected by COVID-19 travel restrictions: survey, Foreign arrivals to Vietnam plunge 61.6 pct. in first seven months…





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    • Imperia Smart City (Nam Tu Liem District)

      • Total units: 699 units                        
      • Unit size: 30.5 – 76.2 sqm (1 – 3 bedrooms)                            
      • Price*: from VND 38 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      
    • Stellar Garden – Thanh Xuan District   

      • Total units: 368 units
      • Scale: 6,822 sqm
      • Unit size: 91.2 – 150.3 sqm (2 – 3 bedrooms)                                 
      • Price*: from VND30 million psm
    • The Zei – Nam Tu Liem District

      • Total units: 891 units
      • Scale: 7,700 sqm land area
      • Unit size: 84 – 106 sqm (2 – 3 bedrooms)
      • Price*: from VND40 million per sqm 

* 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

 

Vietnam economy may expand by up to 6.8% in 2021: World Bank
Tuoitre
Vietnam’s economic growth will range from 4.5 percent to 6.8 percent next year, depending on global conditions amid the COVID-19 crisis, the World Bank forecast in a report this week. While the Vietnamese economy has been seriously impacted by COVID-19, it remains resilient and is poised to bounce back, the World Bank said. Prospects remain positive for both the short and medium terms although the Vietnamese economy suffered from COVID-19 impacts in the first half of this year.
Disbursement of public investment increases in July
VIR
The disbursement of public investment sourced from the State Budget in July increased to its highest rate in the past four years.
The money came as Vietnam hurried up public investment disbursement as one of major drivers to get the economy back on its feet after the COVID-19 pandemic. Latest updates from the finance ministry showed that the State budget sourced public investment disbursement was estimated at total VND45.7 trillion (US$1.97 billion) in July, representing a rise of 51.8 percent against the same period last year.
Foreign direct investment into Vietnam surges in July
VIR
Vietnam attracted US$3.15 billion in foreign direct investment (FDI) and capital for share purchases in July, representing a rise of 79.8 percent against the same period last year and 76.2 percent against June, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. 
Vietnam’s exports up slightly in first seven months of 2020
Nhandan
Vietnam exported goods worth a total US$145.8 billion in the first seven months of 2020, up by a slight 0.2% compared with the same period in 2019, according to the General Statistics Office. Meanwhile, imports fell by 2.9% to US$139.3 billion, meaning Vietnam posted a trade surplus of US$6.5 billion during the period. Domestic companies’ exports recorded strong growth at 13.5% to reach US$50.8 billion while exports by foreign-invested firms declined by 5.7% to US$95 billion, including oil revenue. Imports by domestic companies rose 1.5% while those in the foreign sector fell 6.2%.
Foreign arrivals to Vietnam plunge 61.6 pct. in first seven months
VIR
Vietnam welcomed 3.8 million foreign tourists in the first seven months of 2020, a year-on-year decline of 61.6 percent, the General Statistics Office announced on July 29. Asian visitors accounted for the lion’s share, 73 percent, down 63.9 percent year-on-year. Arrivals from most major markets, including China, the Republic of Korea, and Japan, declined substantially in January-July, with only those from Cambodia rising, by 88.9 percent. Tourists from Europe fell 48.7 percent year-on-year.
Most Japanese firms in Vietnam affected by COVID-19 travel restrictions: survey
VnExpress
Eighty nine percent of Japanese firms in Vietnam complain over entry restrictions, 65 percent stating they are impacted by domestic travel restrictions, a survey revealed. Revenues were down in the first half of the year for 65 percent of firms, and higher for only 13 percent, according to the survey, done in June by the Japan External Trade Organization (Jetro) and the Japan Chamber of Commerce and Industry (JCCI).
Parkson to give up on full-scale stores in Vietnam
Insideretail.asia
Malaysian department-store operator Parkson is to quit operating full-scale stores in Vietnam after years of losses. At one stage the company had 10 stores in the country and was confident of long-term success given it was the first overseas department-store brand to enter the market. This week, Singapore-listed Parkson Retail Asia announced that, subject to shareholder approval, it will sell the Parkson TD Plaza Shopping Centre it anchors in the northern port city of Haiphong for US$10 million, representing a $500,000 loss on book value, but a $500,000 premium on local valuation. Parkson’s Vietnam operations are owned by Parkson Haiphong, a wholly owned subsidiary of Parkson Retail Asia, which is two-thirds owned by Parkson Holdings of Malaysia. The purchaser is local company Thuy Dong Construction Trading.
Three Vietnam hotels make global best list
VnExpress
Tripadvisor has named three hotels in Vietnam among the world's top 25 based on traveler recommendation. The Traveler’s Choice Best of the Best Awards are selected by compiling reviews, ratings and saves global travelers have shared on Tripadvisor, the world's most popular travel guide and review website. This year, Hanoi La Siesta Hotel & Spa was placed second, behind Viroth’s Hotel in Siem Riep, Cambodia. The hotel is located on 94 Ma May Street, Hoan Kiem District, in Hanoi's Old Quarter.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOR MORE INFORMATION,CONTACT:

Dung Duong MRICS

Senior Director

T +84 286 284 7668

dung.duong@cbre.com

 

An Nguyen
Director

T +84 24 6288 6379

an.nguyen@cbre.com