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CBRE Vietnam Real Estate Spotlight – W51 – 2020

GIC-led consortium invests $203m in Vingroup's hospital chain Vinmec, Japanese developer Tokyu to develop a shopping mall in Binh Duong, "FDI capital reaches US$28.5 billion, down 25 percent"…


  • One New Launched:

    • BerRiver Jardin (N04 & N05) – Long Bien District

      • Total units: 305 units
      • Scale: 30,000 sqm    
      • Unit size: 48 – 183 sqm (1 – 4 bedrooms)  
      • Price*: from VND 33 million psm
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    • Le Grand Jardin – Long Bien District   

      • Total units: 1,120 units                        
      • Scale: 5,800 sqm
      • Unit size: 49.87 – 105.09 sqm (2 – 3 bedrooms)                                 
      • Price*: from VND 28 million psm
    • The Zei – Nam Tu Liem District

      • Total units: 891 units
      • Scale: 7,700 sqm land area
      • Unit size: 84 – 106 sqm (2 – 3 bedrooms)
      • Price*: from VND 40 million per sqm

* Prices included VAT

  • No New Launch
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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



Lowest in 10 years, Vietnam 2020 growth among world's highest
A 4.48 percent Q4 growth has propelled Vietnam’s annual growth to 2.91 percent for the year, the General Statistics Office said. While the Covid-19 pandemic wreaked socio-economic havoc, the services sector has tanked, several commercial and consumer services enjoyed growth in the last months of 2020. Domestic transportation is recovering, while international transportation and tourism services are still in the doldrums.
Trade surplus hits $19 billion, highest since 2016
Vietnam is estimated to enjoy a trade surplus of US$19.1 billion this year, the highest since 2016, despite the challenges posed by the COVID-19 pandemic. The country’s total trade revenue has hit $543.9 billion, up 5.1 per cent year-on-year. Of the total, export value is $281.5 billion and imports $262.4 billion, year-on-year rises of 6.5 per cent and 3.6 per cent, respectively. While the world economy is seriously affected by the pandemic, the trade surplus of $19.1 billion shows Vietnam has taken advantage of opportunities brought by signed free trade agreements (FTAs), especially the EU-Vietnam FTA and the quality of the country’s exports has improved, meeting the requirements of choosy markets
GIC-led consortium invests $203m in Vingroup's hospital chain Vinmec
A consortium led by Singapore sovereign fund GIC is acquiring a minority stake in Vietnam-based private hospital operator Vinmec, part of the conglomerate Vingroup, for 4.7 trillion dong ($203 million). Vinmec will use the proceeds to expand its medical network, according to a statement. Vingroup will continue to be the sole controlling shareholder of VMC, the company behind Vinmec, following the transaction, it said.
Japanese developer Tokyu to develop a shopping mall in Binh Duong
Japanese developer Tokyu Corp. will build a large-scale shopping centre featuring an outlet of major Japanese retailer AEON in Binh Duong, near HCMC in southern Vietnam. Tokyu announced that the shopping mall, tentatively named SORA gardens SC and located in Binh Duong New City in Binh Duong province, some 30 kilometres north of Vietnam's most populous city, will open in the spring of 2023. It also said its Vietnamese subsidiary, Becamex Tokyu Co., Ltd. will invest in the shopping centre, which will be replete with restaurants and other facilities, in addition to an AEON outlet.
FDI capital reaches US$28.5 billion, down 25 percent
According to the data recently announced by the Ministry of Planning and Investment (MPI), by December 20 this year, total foreign direct investment (FDI) capital in Vietnam, including newly-registered, adjusted capital, capital contribution, and purchase of shares, reached US$28.5 billion, a decrease of 25 percent compared to last year.
Business closure hits record high amid pandemic
Business closures hit a record high this year of 101,700, 13.9 per cent higher than last year, according to the General Statistics Office. Of them, 46,600 have suspended operations temporarily. Nearly 17,500 completed dissolution procedures, up 3.7 per cent, while nearly 37,700 registered to stop business operations and start dissolution procedures. Temporary business closures rose in all 17 industries, with retail and wholesale, auto and motor repair, construction, lodging and catering, employment services, tourism, property, education and training, and entertainment having high rates due to the impact of the COVID-19 pandemic.
UKVFTA takes effect temporarily from 6am of January 1
Vietnam and the UK concluded necessary procedures for the temporary application of the bilateral free trade agreement from 6am of January 1, 2021 (Vietnam time) following the signing of the deal on December 29, 2020. According to the Ministry of Industry and trade, in the context that the UK had officially left the European Union and the transitional period concluded on December 31, the temporary effectiveness of the UK-Vietnam Free Trade Agreement (UKVFTA) ensures bilateral trade activities are not interrupted when the transitional period ends, enabling the two sides to complete domestic procedures for the deal in line with the regulations of each country.
HCMC infrastructure development to focus on services sector
HCMC infrastructure development is focused on transforming the economy and making it services-based. The city Department of Planning and Construction has submitted to the People’s Committee the 2020 – 2045 programme for developing industrial infrastructure. It seeks to make the city the country’s leader in terms of combining the services sector with infrastructure development and linking commerce with services and urban areas with industrial parks.





















Dung Duong MRICS

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An Nguyen

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