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CBRE Vietnam’s Top Property News Stories – W22/2016

Japanese hospitality investor docks at Da Nang city, German firms optimistic about Vietnam market – survey, Vingroup partners with 250 domestic suppliers​ …

 

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Urbanisation boosts demand for real estate
Vietnam Investment Review

Rising demand in Vietnam’s residential segment is expected to sustain solid growth in the construction industry, though delays to accompanying infrastructure projects and tighter credit conditions could slow the pace of development. The boom will be fuelled in large part by urbanization and a growing middle class that is benefiting from Vietnam’s sustained economic growth Slower delivery of transport infrastructure projects also affects the commercial segments.

 

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Vietnam has big trade deficits with China and Korea​
The Saigon Times

Vietnam ran big trade deficits with China and South Korea but had large trade surpluses with the U.S. and the European Union (EU) in the first five months this year, according to the General Statistics Office (GSO). A report of GSO showed that Vietnam's exports to other traditional markets continued dipping in the first five months. Particularly, shipments to other ASEAN markets dropped 13.5% to US$6.8 billion and those to Japan declined 2.2% to US$5.4 billion.

 

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Amend Circular No.36: Unclog the capital flow to the market​
Vietnam Plus

Last weekend, State Bank of Vietnam officially amended Circular No.36 by issuing Circular No.06/2016/TT-NHNN, regulating about limits, safety ratio of banking operation. It is worth to mention that the authority has made the regulation more lax than the original plan, in order to conclude debates, idea contributions and negative response from property firms and experts.. [The original article is in Vietnamese only.]

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Japanese hospitality investor docks at Da Nang city
Vietnam Investment Review

Route Inn Group from Japan will develop a coastal resort, the first of its kind in Viet Nam, with total investment of US$18 million, a Da Nang city official said.

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Japanese spot rising star of Vietnam’s realty market
Vietnam Investment Review

Japanese investors are continuing to take advantage of Vietnam’s real estate market  opportunities with new projects from both new and existing developers.

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German firms optimistic about Vietnam market – survey
The Saigon Times

 

A recent survey showed 70% of German firms in Vietnam are pleased with their sales and earnings results while 50% are upbeat about their business operations in the middle term. Nearly 70% of German companies in Vietnam perceive their general business situation as good, according to the AHK World Business Outlook Survey 2016, which was conducted in March by German Industry and Commerce in Vietnam (GIC/AHK Vietnam) and aimed at providing a barometer to track and evaluate the business development and business confidence of German companies in Vietnam

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Vingroup partners with 250 domestic suppliers​
The Saigon Times

Vingroup will distribute goods of 250 domestic producers in its retail system under a major program designed to promote consumption of local products. Vingroup yesterday cut deals with 250 businesses active in areas such as foodstuff, cosmetics, toys, home appliances, fresh food, apparel and cotton from 18 of the nation's 63 provinces and cities. The move is deemed as important to local suppliers since there has emerged a stronger presence of international retail firms on the domestic market, which tend to impose strict conditions on those local firms wanting to sell their products in foreign-invested supermarkets.

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Vietnam plans US$ 5.5 billion expansion to double Hanoi airport capacity
Tuoi Tre News

Vietnam is planning a US$ 5.5 billion expansion of Hanoi's airport to double its capacity by 2030, the government news website reported on Monday. Specifically, the government added a second terminal to Hanoi airport that almost doubled its capacity to 25 million passengers a year at the end of 2014. The new expansion will boost capacity to 50 million people a year by 2030.

 

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Hanoi builds another inner-city flyover

Vietnam Plus

The Hanoi People’s Committee on May 29 held a ceremony to kick off construction of a flyover connecting O Dong Mac and Nguyen Khoai with a view to easing traffic congestion on the Ring Road 1 while ensuring traffic flow for vehicles from Tran Khat Chan street to Nguyen Khoai dyke. The steel flyover, with a length of 232 meters and width of 12 meters, will be built at a total cost of 168 billion VND (US$ 7.5 million). The flyover is stated to make contributions to reducing traffic jam in one of the most important roads in the city.

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Parkson Vietnam: Ovelapping Harship
Viet Bao

After the closure of the trade center Parkson Keangnam (Hanoi) in early 2015, another trade center under the Parkson brand – Parkson Paragon (HCMC) – has recently announced to shut down. According to Vo Thi Phuong Mai, Head of Business Development at Cushman & Wakefield Vietnam, in the early period of its business in Vietnam market (2007-2010), Parkson occupied major market share, as the retail market in the period was prospering. However, its model could not compete against nowadays one-stop shopping centers, where consumers can access shopping, entertainment, food & drink… in the same place. [The original article is in Vietnamese only.]

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Shopping paradise in Singapore stumbles​

Bao Moi

 

If negative factors of Singapore economy continue to exist, and consumers do not stop cutting down their spending, hiring prices of shopping center in the country might decrease up to 5pct this year, according to Colliers International. Meanwhile, Christine Li, Head of Research at Cushman & Wakefield, said that Chinese tourists now visit Singapore to seek for new experience instead of shopping.

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Oil & Gas sector has no place among top 50 listed firms 2016
Thanh Nien

 

On May 30, Forbes Vietnam announces the list of Vietnam's top 50 listed firms, in which doesn't include any companies from Oil & Gas sector, which used to rule the list over years. Notable faces in the property and construction sector include Vingroup, Ha Do Group, Nam Long Group, Fecon, Coteccons, CII, etc. [The original article is in Vietnamese only.]

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FOR MORE INFORMATION,CONTACT:

 

Dung Duong MRICS

Director

T +84 8 3824 6125

dung.duong@cbre.com

 

An Nguyen

Associate Director

T +84 4 2220 0220

an.nguyen@cbre.com

 

 
 
 

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