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CBRE Vietnam’s Top Property News Stories – W35/2016

Vietnam to launch international bus routes to Thailand, Vietjet opens two new international routes to Taipei, Kaohsiung , Carlsberg, Heineken fight for Vietnam’s thriving beer market…


CBRE Newspaper Updates on Residential Ads


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  • Advertisements:

    • The Gold View (District 4)

      • Total Units: 1,905 units
      • Scale: one 33-floor block and one 27-floor block with 2 basements
      • Unit size: 63 – 133 sqm (2 – 3 bedrooms)
      • Price: from VND1.9 billion
    • Terra Royal (District 3)

      • Total Units: 366 units
      • Scale: two 25-floor blocks with 2 basements
      • Unit size: 78 – 116 sqm (2 – 4 bedrooms)
      • Price: VND 3.8 billion (2 bedrooms)
    • Asa Light (District 8)

      • Total Units: 1,076 units
      • Scale:three 20-floor buildings with 2 basements
      • Unit size: 50 – 72 sqm (2 – 3 bedrooms)
      • Price: VND 16 million per sqm (basic furniture)

* Prices included VAT


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    • Gemek Premium (Ha Dong District)

      • Total Units: 992 units
      • Scale: two 34-floor buildings with 1 basement
      • Unit size: 65.5 – 91.3 sqm (2 – 3 bedrooms)
      • Price: VND 15 – 16  million per sqm (basic furniture)
    • Green Pearl (Hai Ba Trung District)

      • Total Units: 61 units (villa, terrace, shophouse)
      • Scale:12,9928.5 sqm
      • Unit size: 70.9 – 324.8 sqm (3 floors, 1 attic)
      • Price: VND 8.84 billion per unit (unfurnished)
    • FLC Star Tower (Ha Dong District)

      • Total Units: 429 units
      • Scale: one 41-floor building with 4 basements
      • Unit size: 59.3 – 139 sqm (2 – 3 bedrooms)
      • Price: VND 17.3 – 21 million per sqm (basic furniture)

* Prices included VAT
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Carlsberg, Heineken fight for Vietnam’s thriving beer market
Deal Street Asia


  Heineken NV’s expansion of its production in Vietnam by taking over a brewery from rival Carlsberg A/S highlights growing interest by global beer brands to quench the thirst of about 70 million locals in one of the world’s fastest-growing economies. With a thriving street-side cafe and bar culture, young population and rising middle class, Vietnam is luring brewers such as Heineken, Thai Beverage PCL and Asahi Group Holdings Ltd. to expand in the country. Interest is also being piqued by the government’s plans to offload lucrative assets, with Carlsberg in line to more than double its stake in state-run Hanoi Beer Alcohol Beverage Corp (Habeco).

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GIC Said to Pay Less Than $400 Million for Vietcombank Holding


GIC Pte reached a preliminary agreement to pay less than $400 million for a 7.7 percent stake in Bank for Foreign Trade of Vietnam JSC, the nation’s second-biggest listed company, people with knowledge of the matter said. The Singapore sovereign fund will buy Vietcombank stock at a discount to the current market price, the people said, asking not to be identified because the information is private. GIC signed a memorandum of agreement to purchase 305.8 million new shares of Vietcombank, part of a private placement of 359.8 million shares, it said in an e-mailed statement Monday.

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​Vietjet opens two new international routes to Taipei, Kaohsiung
Vietnam Breaking News


  Low-cost carrier Vietjet on August 29 announced the opening of two international routes connecting Hanoi with Taipei and Ho Chi Minh City with Kaohsiung (Taiwan) as part of its network expansion plan. The Hanoi-Taipei route will be operated on a daily basis from October 30, 2016. Meanwhile, the Ho Chi Minh City-Kaohsiung route will be launched on December 12, 2016 with five return flights a week on Monday, Tuesday, Thursday, Friday and Sunday.

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President wants to boost ties with Singapore
Vietnam News


  President Trần Đại Quang has affirmed Việt Nam’s policy of treasuring the Strategic Partnership with Singapore. He made the statement during talks with Singaporean President Tony Tan Keng Yam yesterday following a ceremony to welcome his State visit to Singapore in the Istana Presidential Palace. The Vietnamese leader lauded achievements that the Singaporean Government and people have gained, especially in economic development. The Singaporean leader said that President Quang’s visit will contribute to boosting the bilateral Strategic Partnership. On the same day, President Quang received Chairman of Ascendas-Singbridge Corporation Wong Kan Seng, and Chairman of Sembcorp Group Tang Kin Fei.   

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Property businesses in the furst half of year: Two dark and bright halves
Tin Nhanh Chung Khoan


  There is a strong differentiation in listed real estate companies’ business results for the first 6 months of 2016. While many companies continued to report “super” profits, a big number of companies were seen with “shrinking” revenues. For example, in Q2/2016, Sai Gon Thuong Tin Real Estate Joint Stock Company (Sacomreal) profits didn’t surge as much as the company’s the last year profits which mainly came from Celadon City transfer deal..

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​RoK group eyes larger involvement in HCM City’s infrastructure
Sai Gon Giai Phong


  The Republic of Korea’s GS Engineering & Construction (GS E&C) is eyeing bigger role in infrastructure development in Ho Chi Minh City. He said besides the Tan Son Nhat- Binh Loi Ring Road project which is expected to be handed over to the city by end of August, the group is carrying out several projects in Thu Thiem and Nha Be.

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VNREA: Real estate inventories drop


  The total value of property inventories nationwide by mid-August had dipped by VND14.93 trillion, or 29.34%, against December last year to VND36 trillion (USD1.6 billion). Residential land accounted for the largest part of real estate inventories, at nearly VND16 trillion or 4.4 million sqm. Low-rise housing projects came second with 4,951 unsold units worth a total of VND9.89 trillion, followed by condominiums with 4,883 units valued at VND9.4 trillion. Meanwhile, land for commercial purposes totaled over one million square meters worth VND3.255 trillion. In Hanoi, unsold properties were worth VND5.82 trillion, down VND923 billion, or nearly 14%, against December last year and VND64 billion compared to June. 

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Korean firms eye Yen Bai investment
Vietnam Plus


  On August 29, authorities of the province of Yen Bai met a delegation from the Korean Business Association, who came to explore investment opportunities in the province. The Association wants updates on the province’s socio-economic development plans, incentives for foreign investors, local infrastructure and human resources to develop a solar power project in the province. The province pledged that it will create favorable conditions for foreign investors. Yen Bai is currently working with Hai Phong city on an in-land waterway and a logistics center to facilitate goods transportation. Yen Bai has five industrial parks with developed infrastructure facilities, with three located in Yen Bai City. Two other environmentally-friendly industrial parks are under construction.

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Vietnam to launch international bus routes to Thailand


  Vietnam will launch three new bus routes connecting Vietnam, Laos and Thailand in a bid to promote trade and tourism opportunities among the three Southeast Asian nations. Authorities from the three countries have reviewed the first route from Bangkok to Ha Tinh Province, and the Directorate for Roads of Vietnam, in cooperation with its Thai and Lao counterparts, will review the two remaining routes in the near future. New international bus routes will benefit from the establishment of the ASEAN Economic Community.

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IPI rises 6.9% in eight months


  Steel production at the Thái Nguyên Iron and Steel Plant in northern Thái Nguyên Province. A surge of 16.9 per cent was seen in the IPI of the heavy metal industry, followed by the textile industry with 15.5 per cent, engined vehicles production with 15.3 per cent, and electronic, computer and optical products with 14.1 per cent.

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​Inter-bank rates hit record low

  According to the BVSC weekly bond news report between August 22 and 26, thanks to abundant liquidity, the inter-bank rates for all tenors last week reduced by roughly 0.5 per cent to 0.59 per cent per year for overnight loans, 0.59 per cent for one-week loans and 0.92 per cent for two-week loans. Early this year, the inter-bank rate averaged at 5 per cent per year.

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