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CBRE Vietnam Real Estate Spotlight – W38 2018

Hanoi's first sky train to commercially run before 2019 Tet holiday, Vingroup launches four new Vinpearl hotels, HCMC calls for investors for two smart city projects,…


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Hanoi's first sky train to commercially run before 2019 Tet holiday

Hanoi Times

The Chinese-invested Cat Linh-Ha Dong elevated railway in Hanoi city began a trial run on September 20 morning. The Railway Project Management Unit (RPPM) under Ministry of Transport has just announced that the Cat Linh – Ha Dong elevated railway, the first of its kind in Hanoi, will be ready for commercial operation before the upcoming Tet holiday, which falls in early February 2019. 

 

 

 

PM approves road linking Noi Bai-Lao Cai Expy and Sapa
 

The Saigon Times

The Prime Minister has approved the construction of a road connecting the Noi Bai-Lao Cai Expressway and Sapa Town in the northern upland province of Lao Cai, with estimated total investment capital of VND2.5 trillion, under the build-operate-transfer (BOT) format. The project will be executed in two phases: Phase one will run from this year until 2020, and phase two will begin immediately thereafter. Site clearance and the construction of a 13.8-kilometer-long section of Provincial Road 155, running from the intersection linking the expressway and Provincial Road 4D, will be completed in the first phase.

 

 

Ha Noi to build 48.5-hectare urban area in Bac Tu Liem

Vietnamnet

Ha Noi People’s Committee has approved a 1:500 scale plan of Vibex urban area which covers more than 48.5 hectares in Bac Tu Liem District with a population of 7,000. The urban area will stretch through three wards, including Duc Thang, Dong Ngac and Thuy Phuong. It will be developed by Ha Noi Concrete Construction Joint Stock Company.

 

 

Vingroup launches four new Vinpearl hotels

Bizhub

Vinpearl Joint Stock Company, a member of property developer Vingroup, on September 15 officially launched four international standard five-star Vinpearl Hotels in Hue, Quang Binh, Thanh Hoa and Lang Son, increasing the number of Vinpearl units to 27. These are the highest buildings in the four cities and provinces, marking the prestige of Vinpearl in the strategy of expanding its network to major tourist cities in Viet Nam.

 

 

Vietnamese logistics startup EcoTruck secures US$1.7m pre-Series A funding

Deal Street Asia

Ho Chi Minh City-based logistics startup EcoTruck has raised a US$1.7 million pre-Series A funding from South Korean and Vietnamese investors. Backers include Access Ventures, Nextrans and FuturePlay from Korea, and Viet Capital Ventures – a newly established Vietnamese firm associated with IDG Ventures Vietnam’s vice president Pham Hop Pho.

 

 

HCMC calls for investors for two smart city projects

Vietnam Investment Review

Speaking at the conference, HCMC Party Secretary Nguyen Thien Nhan called on both domestic and international investors and experts to co-develop these two centres and turn HCMC into a smart city. Nhan set the target that the general structural framework of these two centres must be finished before 2019. From 2020 onwards, these two centres will be piloted in District 1, 12, and Thu Thiem New Urban Area and expanded to other districts of the city later on.

 

 

Long An to have first solar farm
 

Vietnam Investment Review

The 50.2-hectare solar farm of BCG Bang Duong Energy JSC, an affiliate of Bamboo Capital Group, is the first such project in the locality and will contribute an annual 60 million kWh to the national electric grid. The construction is expected to be completed by June 2019.

 

 

Approving the expansion plan of Tan Son Nhat airport
 

NLD

In the planning of 2020, 2030, Tan Son Nhat airport has a total area of 791 hectares (excluding the area of directly managed land). Accordingly, Tan Son Nhat Airport is compliant with airport standard 4E (International Civil Aviation Organization (ICAO) standard) and airport class I. General use of civil and military equipment with 160 parking location.

 

 

Vietnam's President Tran Dai Quang Is Dead at 61 Following a Serious Illness


TIME

The government said he passed away despite domestic and foreign treatment efforts. He died at a hospital in Hanoi and the government statement did not elaborate on his illness. His last public appearance was at a Politburo meeting of the ruling Communist Party September 19. Born in northern Ninh Binh province, Quang attended a police college and rose through the ranks at various positions at the Ministry of Public Security before being appointed minister in 2011. He effectively became second most powerful man in Vietnam after General Secretary Nguyen Phu Trong. 

 

 

Mitsubishi and its subsidiary Temasek invest $ 2.5 billion in urban areas throughout South East Asia, including Vietnam

NLD

Surbana Jurong, a subsidiary of Temasek Group in Singapore, will co-operate with Mitsubishi Japan to develop its urban areas throughout Southeast Asia, according to Nikkei. Surbana Jurong – Mitsubishi was established this year to implement projects in some countries such as Myanmar, Vietnam, Indonesia, Philippines … in South East Asia and India, Sri Lanka. According to the initial plan, the project will be invested $ 2.5 billion and developed within 5 years. Comprehensive urban development packages will include transport infrastructure such as rail and road; housing, shopping centers, hospitals and other public projects.

 

 

 

 

 

 

 

 

 

 

FOR MORE INFORMATION,CONTACT:

Dung Duong MRICS

Director

T +84 8 3824 6125

dung.duong@cbre.com

 

An Nguyen
Director

T +84 4 2220 0220

an.nguyen@cbre.com

 

 

 

Information herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the market.

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