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CBRE Vietnam Real Estate Spotlight – W40 2019

Vietnam welcomed nearly 13 million international visitors in 9M, 4 major trends of Vietnam’s distribution and retail channels, Cam Ranh airport to open second runway next week…
 


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    • Golden Park Tower (Cau Giay District) 

       

       

      • Total units: 368 units
      • Scale: 2,059 sqm land area
      • Unit size: 88 – 140 sqm (2 – 3 bedrooms)
      • Price*: VND40 million per sqm
    • Starlake Tay Ho Tay (Tay Ho District)                              
    • Total units: 603 units
    • Scale: 24,775 sqm land area
    • Unit size: 91 – 155 sqm (2 – 4 bedrooms)                                  
    • Price*: from VND60 million per sqm
    • Total units: 2,058 units
    • Scale: 40,000 sqm land area
    • Unit size: 63 – 97 sqm (2 – 3 bedrooms)                                  
    • Price*: from VND20 million per sqm
    • Total units: 1,124 units
    • Scale: 5,658 sqm
    • Unit size: 50 – 106 sqm (2 – 3 bedrooms)                                  
    • Price*: from VND28 million per sqm
    • Eurowindow River Park (Dong Anh District)                              
    • Le Grand Jardin (Long Bien District)                              


* Prices included VAT

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    • The Sóng Vung Tau

       

       

      • Developer: An Gia and Creed Group
      • Total units: 1654 units
      • Scale (GFA): 123,424 sqm
      • Unit size: 42 – 122sqm (1-3 bedrooms)
      • Compeltion: Q1/2020
    • Waterpoint                                               
    • Developer: Nam Long, NNR, TBS Group và Tân Hiệp
    • Total units: 1,150 units 
    • Scale:  355 ha

                                                    
* 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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOR MORE INFORMATION,CONTACT:

Dung Duong MRICS

Senior Director

T +84 286 284 7668

dung.duong@cbre.com

 

An Nguyen
Director

T +84 24 2220 0220

an.nguyen@cbre.com

 

 

 

 

 

Vietnam’s Economy Expands 7.31% in 3rd Quarter from Year Ago

Vietnam’s economic growth quickened in the third quarter, underpinned by solid growth in exports and manufacturing. Gross domestic product rose 7.31% from a year earlier, up from a revised 6.73% in the second quarter, the General Statistics Office in Hanoi said Saturday. That compared to a median estimate of 6.7% in a Bloomberg survey of four economists. The economy expanded 6.98% in the nine month.

 

 


 

Vietnam’s first casino for locals begins profitably
VnExpress

Casino Corona has made a profitable start, earning a pre-tax profit of VND108 billion (US$4.67 million) in its first six months of operation. Its owner, the Phu Quoc Tourism Investment and Development JSC (PQT), reported revenues of VND1.15 trillion (US$49.69 million) in the period, down 10 percent year-on-year, with the new casino accounting for VND605 billion (US$26.14 million). PQT’s other operations like hotels, restaurants, villa management, and business cooperation contracts all suffered operating losses.


 

 

World’s largest zipper maker opens second plant in Vietnam
VnExpress

 

Japanese zipper maker YKK Corporation started operating its second plant in Vietnam this week to meet growing global demand. YKK Vietnam Co., a local arm of YKK, the world’s largest zipper manufacturer, established the plant in the Dong Van III Industrial Park in the northern province of Ha Nam, some 40 kilometers south of Hanoi. It invested US$59.9 million in the new facility, Japan Times reported, citing a YKK statement.  

 

 

 

Two international container terminals to be built in Hai Phong
Vietnamnet

The investment has been approved by Prime Minister Nguyen Xuan Phuc. Terminal 3 and 4 will have a total length of 750m and be able to receive vessels with tonnage of 100,000DWT. It is being invested by Hai Phong Port Joint Stock Company, a member of State-owned shipping firm Viet Nam National Shipping Lines (Vinalines). The project will start in 2020 and be completed by 2025. Terminal 3 will be operational by 2022.

 

 

 

Why Vietnam is key to Sembcorp's growth
Vietnam and China contributed 90% of the US$86m urban development net profit in FY18. Sembcorp Industries' business in Vietnam is expected to play a key role in sustaining the firm's growth trajectory as the country emerges as one of the key benefactors to the US-China trade dispute, through its 49%-owned subsidiary VSIP, according to an analyst report by CGS-CIMB.

 

 

 

 

Cam Ranh airport to open second runway next week

 

The Cam Ranh International Airport near Nha Trang resort town will open its second runway to traffic on October 10, the Transport Ministry says. The runway's construction had begun in 2015 with a budget of VND1.9 trillion (US$82 million), sourced equally from the central and provincial budgets. The project was divided into two phases, the first of which has been completed and approved by the Transport Engineering Construction and Quality Management Bureau.

 

 

 

 

Hanoi railway to begin commercial operations next month: transport minister
Saigon Times

 
The 13.5-kilometer-long Cat Linh-Ha Dong urban rail line in Hanoi is expected to be put into commercial operation within the next one to one-and-a-half months, said Minister of Transport Nguyen Van The. 

 

 

 

4 major trends of Vietnam’s distribution and retail channels

Firstly, there have been growing M&A activities in the retail sector in the last four or five years, which help create large scale retail corporations with high competitiveness in the market. Secondly, trend of creating diversified shopping experiences for customers. Thirdly, the growing number of centers specialized in purchasing agricultural products and food across the country. Fourthly, the introduction of omni channels: the fact that 70% of Vietnamese population have smart devices, coupled with the rapid advancement of digital technologies, artificial intelligence, big data, among others, are generalizing online shopping among customers and retailers. 


 

 

 

 

Why Vietnam ranks eighth among top 20 countries to invest in
VIR

Vietnam's transformation efforts fetched it the eighth position among the top 20 best countries to invest in by US News & World Report. This is a remarkable improvement against the 23rd position last year, surpassing neighbours like Malaysia, Indonesia, and Singapore.


 

 

 

 

 

Vietnam welcomed nearly 13 million international visitors in 9M

Figures released by the General Statistics Office (GSO) on September 28 show that Vietnam continues to be a growing destination for international tourists. International visitors stood at 12.9 million in the first nine months of this year, up 10.8 per cent over the same period of 2018. September was also the fourth month this year and the second consecutive month that the number of international visitors to Vietnam exceeded 1.5 million. The other months were January, with 1.5 million, February with 1.59 million, and August with 1.51 million.


 

 

 

 

 

 

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