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CBRE Vietnam Real Estate Spotlight – W42 – 2020

Vietnam attracts US$23.48 billion in FDI in ten months, Overseas remittances to HCMC reach US$4 billion in nine months, Vietravel Airlines receives business license for air transport,…

  • One New Launched

    • Masteri Waterfront – Gia Lam District

      • Total units: 3,837 units             
      • Scale: 37,525 sqm         
      • Unit size: 28.8 – 166.7 sqm (Studio, 1 – 3 bedrooms and duplex)                            
      • Price*: from VND 50 million psm
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    • Sunshine Crystal River – Tay Ho District

      • Total units: 954 units
      • Scale: 50,850 sqm
      • Unit size: 157 – 234 sqm (2 – 3 bedrooms, duplex)  
      • Price*: from VND 51 million psm             
    • Geleximco Southern Star – Hoang Mai District

      • Total units: 360 units
      • Scale: 9,401 sqm    
      • Unit size: 60.6 – 92.8 sqm (2 – 3 bedrooms)  
      • Price*: from VND 31 million psm

* Prices included VAT

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    • Masteri Centre Point (District 9)  

      • Developer: Masterise Homes
      • Total scale: 10 towers                                                               
      • Unit size: 1 – 4 bedrooms

* 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 attracts US$23.48 billion in FDI in ten months
Vietnam attracted US$23.48 billion worth of foreign direct investment (FDI) in the first ten months of 2020, equivalent to 80.6% of the same period in 2019, according to the Ministry of Planning and Investment. The FDI capital includes newly registered capital, supplemented capital, share purchasing and the capital contributions of foreign investors during the ten-month period. In the January-October period, a total of US$15.8 billion worth of FDI was disbursed, equivalent to 97.5% of the corresponding period in 2019.
Overseas remittances to HCMC reach US$4 billion in nine months
The Ho Chi Minh City Committee for Overseas Vietnamese Affairs organized a meeting for overseas Vietnamese entrepreneurs on the theme of promoting the strength of the overseas Vietnamese business community for the development of Ho Chi Minh City, enhancing the level of Vietnamese products on October 27. Despite heavy impacts by the Covdi-19 pandemic, the number of remittances transferred to HCMC through commercial banking systems and economic organizations that directly receive and pay in foreign currencies reached about US$4 billion in the first nine months of this year, up 2 percent over the same period last year. It is estimated that overseas remittances transferred to the city will hit around $5.5 billion this year, up 0.82 percent compared to last year.
Banks maintain profit growth but bad debts rise
Most banks reported profit growth in the first nine months, but bad debts posted a double-digit rise due to the impacts of the COVID-19 pandemic. VPBank saw its pre-tax profits surge by nearly 30 percent year-on-year to VND9.4 trillion ($402.75 million) as it managed to cut operating costs by nearly 6 percent. But its bad and doubtful debts rose by 15 percent to over VND10 trillion. Military Bank’s profits rose by nearly 7 percent to VND8.13 trillion while its bad and doubtful debts rose by 39 percent.
Vietravel Airlines receives business license for air transport
Vietravel Airlines has received a business license for air transport, one of last few permits it needs to start flying. It still needs the air operator certificate from the Civil Aviation Authority of Vietnam (CAAV) and approval as part of the country’s aviation security program to ensure safety. Based at Phu Bai International Airport in the central Thua Thien Hue Province, Vietravel Airlines, belonging to leading tourism company Vietravel, was licensed in April with a charter capital of VND700 billion ($30.1 million).
HCMC's travel companies offer 200 discounted tours
As many as 100 travel companies in Ho Chi Minh City are taking part in the second tourism stimulus programme with nearly 200 discounted productsDirector of the HCM City Department of Tourism Nguyen Thi Anh Hoa said the programme recently kicked off in an effort to help travel agencies affected by the COVID-19 pandemic. Hoa said that about 100 travel agencies have agreed to join the programme and are offering tourism products with discounts of 10 to 50 percent. In order to encourage people to travel to and within HCM City, many tours have been upgraded or are brand new.
Ba Ria-Vung Tau to speed up key national projects
The southern coastal province of Ba Ria – Vung Tau has asked the Government to allocate capital from the central budget to speed up progress of national key projects in the province over the next five yearsOf the 16 major public-invested projects, three of the most important projects are the Bien Hoa – Vung Tau expressway, Phuoc An Bridge and 991B Road, according to the provincial People’s Committee.
Safety evaluation of Hanoi's first metro to be completed by December
The safety evaluation of Hanoi's first metro route is set to finish by December, which will enable commercial operations to begin next year. By mid-November some 10 experts from France would come to Vietnam to carry out the evaluation of the Cat Linh – Ha Dong metro section, Minister of Transport Nguyen Van The said at a cabinet meeting on Wednesday. It has been delayed for months due to international flight restrictions amid the Covid-19 pandemic. The ministry hopes to begin operation of the metro by the first quarter of next year, The said.
Southern sea port welcomes ultra-large container ship
Margrethe Maersk, one of the world’s largest container ships, docked at Cai Mep International Terminal (CMIT) in Phu My township, the southern province of Ba Ria – Vung Tau, on October 25. The 214,121-DWT vessel, operated by the 2M Alliance led by Maersk Line and Mediterranean Shipping Company, is able to carry over 18,300 twenty-foot equivalent units and stretches nearly 400m in length and 59m in width. With the ship’s call, CMIT became one of about 20 major ports worldwide capable of handling vessels of this size, establishing its position on the global navigation map. The terminal’s capacity to receive ships of over 214,000 DWT was said to be significant as Vietnam has signed several free trade deals such as the EU-Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), hoped to fuel trading activities.




















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