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CBRE Vietnam Real Estate Spotlight – W4 – 2021

CAAV proposes construction, expansion of six airports, Foreign companies boost investment in Vietnam, HCMC targets domestic market for tourism recovery…

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    • Grandeur Palace Giang Vo – Ba Dinh District                            

      • Total units: 72 units
      • Scale: 9,024.8 sqm                                                  
      • Unit size: 77.6 – 153.8 sm (2 – 3 bedrooms)       
      • Price*: from VND 80 million psm
    • Hanhomes Bluestar – Gia Lam District
    • Total units: 816 units
    • Scale: 8,221 sqm
    • Unit size: 57.1 – 75.1 sqm (2 bedrooms)  
    • Price*: from VND 22 million psm
    • Total units: 740 units                        
    • Scale: 39.8 ha
    • Unit size: 49 – 150 sqm (1 – 3 bedrooms)                                 
    • Price*: from VND50 million psm
    • The Matrix One – Nam Tu Liem District                                 

* Prices included VAT

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    • Lumière Riverside (District 2)

      • Developer: Masterise Homes
      • Total units: 4 towers                                                               
      • Unit size: 1 – 4 bedrooms, Shophouse, Duplex, Penthouse
    • Masteri Centre Point (District 9)  
    • Developer: Masterise Homes
    • Total units: 10 towers                                                               
    • Unit size: 1 – 4 bedrooms
    • Developer: Gia Khang
    • Total units: 2,000 units
    • Unit size: 53.8 – 102.8 sqm
    • King Crown Infinity (Thu Duc District)

* 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 records 100 local coronavirus cases in one day

Vietnam logged a record daily count of 100 community transmission cases of Covid-19 in only one day including 7 imported cases who were rushed to medical quarantine wards upon arrival by plane from abroad, said the National Steering Board for Covid-19 Prevention and Control. On January 29 morning, the country recorded additional nine cases of Covid-19 relating to clusters in the northern provinces of Hai Duong and Quang Ninh within 12 hours.



HCMC to become economic, financial centre in Asia by 2045

Ho Chi Minh City is set to become a centre of economics and finance in Asia by 2045, boasting sustainable development and high living standards, a municipal official has said. Nguyen Thanh Phong, Chairman of the municipal People’s Committee, told the media that by 2025, the southern hub will become a smart urban area and a city of services, with a modern-oriented industry. The city is also projected to take the lead in innovation and creation, with gross regional domestic product (GRDP) per capita to reach around 8,500 USD by 2025 and 13,000 USD by 2030, when the city is expected to become a centre of economics, finance, commerce, science-technology, and culture in Southeast Asia. GRDP per capita is then to reach 37,000 USD by 2045.



Airport logistics companies report profits despite COVID-19

Although the aviation industry was ravaged by the COVID-19 pandemic, logistics companies at airports still maintained operations. Noi Bai Cargo Terminal Services (NCT) reported revenue in the fourth quarter of 2020 of VND205.6 billion (US$8.9 million), an increase of 11 percent over the same period last year. It announced post-tax profit of VND52.5 billion, an increase of 5.6 percent. The company attributed the profit increase to the receipt of a dividend of VND7.1 billion from the out-of-business investment. In the whole of 2020, the company achieved total revenue of nearly VND697 billion, down 21.6 percent compared to 2019, and post-tax profit of VND206.75 billion, down 14.6 percent, up 8 percent compared to the yearly plan. Earnings per share reached VND7,495.




HCMC targets domestic market for tourism recovery

The HCMC tourism sector this year plans to focus on digitalisation of the industry and promotion of domestic tourism amid a downturn in tourism because of the COVID-19 pandemic. The department is stepping up digitalisation in tourism to propel the travel experience, said Bui Thi Ngoc Hieu, deputy director of the city's Tourism Department. The city aims to receive 33.5 million domestic visitors this year if COVID-19 remains under control in the country.


Apple bolsters production shift to Vietnam, India

Apple is ramping up the production of iPhones, iPads, Macs and other products outside of China, in a sign that the tech giant is continuing to accelerate its production diversification, reported Nikkei Asia. It quoted its sources as saying that iPad production will begin in Vietnam as early as the middle of this year, marking the first time that the world's biggest tablet maker will build a significant number of the devices outside of China. The tech giant is also stepping up iPhone production in India, its second-largest production base for the iconic device, sources added, with plans to start producing the latest iPhone 12 series, the company's first 5G smartphones, in the South Asian nation in this quarter.





Vietnam's January exports up 50.5 per cent year-on-year

Vietnam's goods exports were valued at US$27.7 billion in January, up 0.2 per cent from the previous month and 50.5 per cent from the same period last year, according to the General Statistics Office of Vietnam (GSO). The GSO largely attributed the sharp year-on-year increase to multinational electronics producer Samsung of the Republic of Korea (RoK) stepping up production and export of its new Galaxy S21 series. In January, six items enjoyed export revenues exceeding the $1 billion benchmark, accounting for 67.3 per cent of total exports. Best performers included the heavy industry and mining sector which earned $15.6 billion in export revenue, up 71.6 per cent year-on-year and the light industry and handicrafts earning $9.7 billion from export, up 32.3 per cent.


Foreign companies boost investment in Vietnam

Foreign enterprises poured a considerable amount of capital into manufacturing and processing projects in the first half of January, according to the head of the investment office at the Ho Chi Minh City Export Processing and Industrial Zones Authority (Hepza), Tran Viet Ha. Notable among them was a 34 million USD project sprawling over 7ha at the Le Minh Xuan Industrial Park, operating in services and logistics. During the first days of 2021, authorities in southern Dong Nai province presented investment licences to three foreign-invested enterprises working in support industries, two of which are long-time South Korean suppliers to Samsung.


CAAV proposes construction, expansion of six airports

The Civil Aviation Authority of Vietnam (CAAV) has proposed the Ministry of Transport to call for investment in the construction and expansion of six airports under public-private-partnership (PPP) model. The suggested airfields include Dong Hoi, Rach Gia, Ca Mau, Sa Pa, Lai Chau and Quang Tri. Of which, the plan for the expansion of Dong Hoi Airport in the central province of Quang Binh is expected to be implemented from 2021-2025 with the total capital of VND2,320 billion (over US$100 million). 






















Dung Duong MRICS

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An Nguyen

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