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CBRE Vietnam Real Estate Spotlight – W45 – 2020

Vietnam emerges as sole economic winner in Southeast Asia, Ministry starts work on biggest waterway traffic project in Northern Vietnam, Real estate inventories see decline: MoC…

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    • D’. Palais Louis – Cau Giay District                            

      • Total units: 242 units
      • Scale: 4,791 sqm                                                  
      • Unit size: 113.2 – 239 sm (2 – 4 bedrooms)     
      • Price*: from VND 85 million psm  
    • Hatay Millenium – Ha Dong District

      • Total units: 683 units                        
      • Scale: 5,480 sqm
      • Unit size: 45 – 90 sqm (1 – 3 bedrooms)
      • Price*: from VND 25 million psm
    • Imperia Smart City (Nam Tu Liem District)

      • Total units: 3,922 units                    
      • Unit size: 28.3 – 76.2 sqm (1 – 3 bedrooms)                            
      • Price*: from VND 38 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 emerges as sole economic winner in Southeast Asia
Vietnam is shaping up as Southeast Asia's single economic success story in the coronavirus era, maintaining steady positive growth as other economies struggle to recover. Vietnam's real gross domestic product expanded 2.6% on the year in the third quarter, marking a second straight quarter of growth amid the pandemic. The International Monetary Fund sees the country rising to fourth in nominal GDP in the Association of Southeast Asian Nations this year, passing Singapore and Malaysia and gaining on the Philippines. In contrast to other ASEAN economies, Vietnam has succeeded in keeping the virus under control. Rising exports have also helped to drive growth, as companies relocate production from China.
Ministry starts work on biggest waterway traffic project in Northern Vietnam
Construction of a canal linking the Day and Ninh Co rivers, which is regarded as the biggest of its kind in the northern region so far, has been kicked off on November 19 by the Ministry of Transport. The project’s total capital investment is estimated at US$107 million covering on communes of Nghia Lac, Nghia Son and Nghia Hung in Nam Dinh Province. Of which, US$78.74 milion comes from the World Bank (WB) while the rest is the Government's reciprocal capital.
Foxconn makes first batch of display screen at Vietnam plant
Taiwanese electronics contract manufacturer Foxconn has produced the first batch of display screens at its $26 million factory in the Northern Quang Ninh Province. The 100,000 sqm plant at the Dong Mai Industrial Park near Ha Long Town, whose construction started in September last year by the company, formally known as Hon Hai Precision Industry Co., is expected to produce 20,000 screens this year for exports, the government news site reported.  
New Asean network to build logistics infrastructure
A new collaborative platform aims to integrate regional logistics development by strengthening supply chains and promoting competitiveness. The Asean Smart Logistics Network launched yesterday is especially relevant now, given the challenges stemming from the Covid-19 pandemic, said the YCH Group, a Singapore logistics firm. The firm will join forces with Vietnam's T&T Group, a multi-industry investment company, on the network's first project – the Vinh Phuc Inland Container Depot Logistics Centre.
A separate law needed for industrial zone and economic zone development
Experts and investors from the workshop to collect opinions on the review report for 30 years of developing and constructing industrial and economic zones held in the morning of November 20 in Ho Chi Minh City have agreed that a separate law is needed to regulate issues to help develop this segment sustainably in the coming time. According to Tran Duy Dong, Deputy Minister of Planning and Investment, the development of industrial zones (IZs) and economic zones (EZs) has positively contributed to improving the institution and the business investment environment, as well as encouraging the renewal of administrative procedures.
Real estate inventories see decline: MoC
Inventories in the real estate market have been on the decrease thanks to increasing liquidity, according to the Ministry of Construction (MoC). The ministry recently announced a report on the country’s housing and property market in the third quarter of the year. Statistics from the ministry showed the total estate inventories of listed property firms in Hanoi and HCMC by the end of 2019 were estimated at VND18.8 trillion (US$809.9 million). The inventories have been mainly in the high-end segment, condotel, resettlement houses and projects located far from the city centres and lack of synchronous infrastructure.
First e-commerce pavilion for Danish brands launched on Lazada
Danish Ambassador to Vietnam Kim Højlund Christensen and the CEO of Lazada Vietnam, James Z Dong, on Thursday signed a memorandum of understanding (MoU) to form an exclusive partnership to provide consumers in Vietnam access to Danish brands and products online. With this signing, the first e-commerce Danish pavilion in Vietnam has been established to showcase merchants, brands and premium quality products of various Danish brands, such as Bang & Olufsen, Danisa, JYSK, Lego, ScanCom, Royal Copenhagen and Trollbeads.
Quang Ninh redoubling efforts to maintain double-digit GRDP growth
The northern province of Quang Ninh is intensifying efforts to meet its socio-economic targets and keep its gross regional domestic product (GRDP) growth in the double digits this year. The northern province of Quang Ninh is intensifying efforts to meet its socio-economic targets and keep its gross regional domestic product (GRDP) growth in the double digits this year. It posted GRDP growth of 6.5 percent in the first nine months despite the economic fallout from COVID-19. But the figure is still down some 3.5 percent compared to the plan and is 5 percent lower than in the same period last year.



















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An Nguyen

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