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CBRE Vietnam Real Estate Spotlight – W35 – 2020

Vietnam dodged the coronavirus bullet, so why are its workers struggling?, HCMC accelerates disbursement of public investment capital, Dong Nai to have three more IZs to avail of post-pandemic investment shift…

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    • The Matrix One (Nam Tu Liem District

      • Total units: 1,752 units                        
      • Scale: 206,337 sqm
      • Unit size: 49 – 150 sqm (1 – 3 bedrooms)                                 
      • Price*: from VND 50 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     
    • D’. El Dorado (Tay Ho District)

      • Total units: 448 units     
      • Scale: 2,808 sqm                   
      • Unit size: 33-252 sqm (1 – 4 bedrooms)                            
      • Price*: from VND 48 million psm

* Prices included VAT

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* 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 dodged the coronavirus bullet, so why are its workers struggling?
Vietnam, with exports equivalent to the size of its GDP, saw its economy grow as fast as 7.02 per cent last year – helped along by multinational companies looking to diversify their production and supply chains away from China in the wake of the US-China trade war, and a burgeoning domestic middle class that accounted for some 13 per cent of the population in 2018, according to the World Bank. Yet now it is bracing itself for its slowest growth in 20 years – a projected 2.4 per cent. This makes it the sole economy in the Association of Southeast Asian Nations not forecast to tip into recession this year, yet by no means does Vietnam have it easy – despite its relative success in containing the coronavirus, with just 1,040 confirmed cases and 32 deaths among its population of more than 95 million as of August 30.
International air routes proposed to resume from September 15
The Civil Aviation Administration of Vietnam has just proposed the re-exploitation of six international routes connecting Vietnam and China, Japan, the Republic of Korea, Taiwan (China), Laos and Cambodia from September 15. As the plan, it is expected that nearly 5,000 passengers will enter HCMC and Hanoi.
HCMC accelerates disbursement of public investment capital
HCMC had disbursed nearly VND21.28 trillion (US$920 million at current exchange rate) of public investment capital as of August 23, fulfilling 50.5 percent of the assigned capital this year, the city’s Department of Planning and Investment reported. At a recent online meeting on the issue, Director of the Department of Planning and Investment Le Thi Huynh Mai said both the amount of disbursed capital and the rate of disbursement were higher than the figures for the same period last year. Specifically, the amount of disbursed capital was up 2.35 times year on year and the rate of disbursement up 1.89 times. The official stressed that the achievement was a bright spot in the city’s performance in 2020 considering the complicated developments of the COVID-19 pandemic.
Dong Nai to have three more IZs to avail of post-pandemic investment shift
The southern province of Dong Nai is seeking the green light from the government to add new industrial zones (IZs) to Vietnam's IZ Development Planning in 2020 to tap into the post-pandemic investment shift. Dong Nai is now home to nearly 12,000 hectares of land space for IZ development, but the province sees ample potential in further IZs. The recent proposal of the province to add three new IZs to Vietnam IZ Development Planning in 2020 would increase its total land space for IZ development to about 20,000ha.
Train for Hanoi’s 2nd metro route to arrive next month
The first train to ply on Hanoi’s second metro route will arrive by October end and be put on display in November. It will be shipped from France to the northern port city of Hai Phong and displayed at S1 station in Nhon, 15 kilometers from the city downtown, for the public to see, according to the Hanoi Metropolitan Railway Management Board (MRB). The train would be tested for several months before the start of commercial operations next year, Nguyen Trung Hieu, deputy head of the MRB, said.
Real estate sellers to push social media and e-commerce marketing amid crackdown on spam
Real estate companies have said that they will push marketing channels on social media and e-commerce floors instead of calling or sending text messages as a Government decree to tackle spam comes into effect next month. Experts have said the decree will contribute to blocking spam messages, emails and calls to protect the interests of citizens. Nguyen Van Dinh, Vice Chairman of Việt Nam Association of Real Estate Brokers (VARS), said the decree will impact real estate sales efforts via telephone.
Việt Nam 42nd in global innovation index
Vietnam ranked 42nd among 131 economies for the second consecutive year in the 2020 Global Innovation Index (GII), the World Intellectual Property Organization (WIPO) has announced. In economies with the most significant progress in their GII innovation ranking over time, Việt Nam was first among 29 lower-middle-income countries and third in Southeast Asia, behind Singapore (eighth) and Malaysia (33rd). Compared to its own index last year, it posted higher levels in several indicators, including business sophistication, from 69th to 39th place, and creative output, from 47th to 38th.
Covid-19 gives Vietnam e-commerce sector a boost
Average order value on e-commerce sites rose by 31 percent year-on-year to VND344,000 ($14.83) in the first half of this year, a report said. People are still spending money on shopping, a good sign given the fears that demand would fall during the COVID-19 pandemic, the report, ‘Vietnam E-commerce Map’, by market research firm iPrice Group and traffic analysis firm SimilarWeb said.



















Dung Duong MRICS

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An Nguyen

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