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CBRE Vietnam Real Estate Spotlight – W44 – 2020

Vietnam's internet e-conomy reaches $14 billion, Van Phong Economic Zone to welcome US$3.2 billion CCGT power project, Vietnam's M&A market possibly reaches US$7 billion by 2022…





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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  
    • TNR Goldmark City (Diamond Tower) – Bac Tu Liem District

      • Total units: 278 units
      • Scale: 26,579 sqm
      • Unit size:103 – 186 sqm (3 bedrooms and duplex)  
      • Price*: from VND 27 million psm             
    • 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           

* 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's internet e-conomy reaches $14 billion
VIR
Vietnam’s internet economy reaches a total value of $14 billion in 2020, which is one of the fastest growth rates in Southeast Asia, according to a Google report. The report on Southeast Asia’s internet economy released by Google, Temasek, and Bain & Company pointed out that Vietnam and Indonesia’s digital economies are still growing at double digits. In Vietnam, with its various stages of lockdowns, users turned to the internet for solutions to their sudden challenges. A significant number tried new digital services: 41 per cent of all digital service consumers were new (higher than the SEA average), with 94 per cent of these new consumers intending to continue their new habit post-pandemic.
Banks need to be cautious of bad debts
SGGP
The financial statements of the third quarter of this year of commercial banks showed that more than two-thirds of banks posted fairly high growth in their profits amid the context that the economy was still facing the Covid-19 pandemic. However, the bad debts in the first nine months of this year of most banks have also started to increase rapidly.
New decree to prevent transfer pricing, limit thin capitalization
Vietnamnews
The Government’s recently-issued Decree 132/2020/NĐ-CP would help prevent transfer pricing and limit thin capitalisation to develop a healthy investment market, Deputy Director of the General Department of Taxation Dang Noc Minh said. Minh spoke at a press conference on Monday to introduce new points of the decree dated November 5 about tax management for enterprises with related-party transactions, saying the interest expense deduction limit was raised from 20 per cent to 30 per cent – the highest ratio recommended by the Organisation for Economic Cooperation and Development.
Van Phong Economic Zone to welcome US$3.2 billion CCGT power project
SGGP
J-Power, the Japanese Electric Power Development Company, has been asking for investment policies for the Van Phong Combined Cycle Gas Turbine (CCGT) Power Plant project, with a capacity of 3,000 megawatts (MWs) and investment capital of nearly US$3.2 billion, in the Van Phong Economic Zone in Khanh Hoa Province.
Hai Phong, billed as Vietnam’s Shenzhen, seen getting a boost from status as manufacturing hub of Southeast Asian nation
South China Morning Post
A Hong Kong investment adviser is touting the potential of Hai Phong, the fastest growing city in Vietnam and dubbed as the Shenzhen of the Southeast Asian nation. “Hai Phong is often referred to as ‘the Shenzhen of tomorrow’ because of its transformation into a modern industrial and logistics hub, attracting large amount of foreign investment into the city with the government’s commitment to upgrade transportation infrastructure,” said Kingston Lai, group CEO at Asia Bankers Club. The company and its two affiliate companies are marketing The Minato Residence, a residential project in the northern Vietnamese port city developed by a Japanese joint venture, to investors in Hong Kong.
Vietnam's M&A market possibly reaches US$7 billion by 2022
Vietnamnews
The Regional Comprehensive Economic Partnership, the world’s largest trade pact, was signed on Sunday by leaders of 15 member countries after eight years of negotiations. The region-wide trade deal which involves ten ASEAN countries, as well as China, Japan, the Republic of Korea, Australia and New Zealand, will contribute to nearly 30 per cent of the world’s Gross Domestic Products of US$26.2 trillion and create a market covering nearly one third of the world’s population.
Upgrade of Noi Bai, Tan Son Nhat runways urged to be completed by year-end
Vietnamplus
Permanent Deputy Prime Minister Truong Hoa Binh has urged the Transport Ministry to direct contractors to finish the upgrade of runways at Noi Bai and Tan Son Nhat international airports and put them into operation before the year-end – the peak travel season. Permanent Deputy Prime Minister Truong Hoa Binh has urged the Transport Ministry to direct contractors to finish the upgrade of runways at Noi Bai and Tan Son Nhat international airports and put them into operation before the year-end – the peak travel season.
HCMC to issue bonds worth $86 million 
VnExpress
HCMC plans to issue VND2 trillion ($86.2 million) worth of bonds to partially offset falling revenues as a result of the Covid-19 pandemic. The city is set to fall short of its revenue target for this year by 15 percent. Funds raised from issuing bonds will be used for development works, officials say.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOR MORE INFORMATION,CONTACT:

Dung Duong MRICS

Senior Director

T +84 286 284 7668

dung.duong@cbre.com

 

An Nguyen
Director

T +84 24 6288 6379

an.nguyen@cbre.com