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CBRE Vietnam’s Top Property News Stories – W44/2015

First AEON shopping centre in Hanoi inaugurated, Sun Group and AccorHotels sign strategic agreement, Vietnam on track to replace China as new manufacturing hub: experts…

 

CBRE Newspaper Updates on Residential Ads

 
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      • Area: 2,955 sm, 17 floors, 196 units
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    • Auris City in District 8:
    • 1st launch on October 24, 2015
    • Area: 8,800 sm, 540 units
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    • Area: 7,480 sm, 19 floors
    • Unit scale: 65 – 85 sm with 2 – 3 br
    • Price: from 22.9 mil/sm.
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  • MBLand Central Point (Cau Giay District):
  • Launching date: beginning of November
  • Unit size: 64.7 – 69.9 sqm;
  • Sales gallery opening ceremony on 31/10/2015
  • More than 300/744 units sold
  • Expected completion: Q4 2016.
  • HATECO Hoang Mai (Hoang Mai District):

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Property market shows promise with rising liquidity

Vietnam Investment Review

Viet Nam's property market is on the path to recovery and promises to remain busy in the last few months of the year, the Viet Nam Real Estate Association said. The association's figures revealed rising liquidity and falling inventories of the property market, with large numbers of successful transactions lowering inventories, especially in major cities such as Ha Noi and HCM City. Statistics showed that as of the end of September, property stockpiles declined to nearly VND59.4 trillion (US$2.64 billion), dropping by more than half of the figure recorded in the first quarter of 2013.

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VN brands need better promotion

Vietnam News

By 2014, Viet Nam had 80 supermarkets and trading centres, 50 specialised small shops and 250 convenience stores of foreign invested companies. There are 10 retail brands from Europe and Asia coming to Viet Nam to develop their business.Domestic retailers should join hands and set up Vietnamese brands to compete with foreign rivals, experts said at a seminar on opportunities and challenges in the international economic integration process.

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Sun Group and AccorHotels sign strategic agreement

Vietnam Economic Times

Sun Group signed a strategic cooperation agreement with AccorHotels on October 26 in management consulting at its hotels and resorts. The agreement targets to establish and elevate service quality at Sun Group’s resorts and hotels in accordance with international standards and to maintain such standards, Vice President and Managing Director of Sun Group, Mr. Dang Minh Truong, said at the signing ceremony.

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75 percent of logistics market share held by foreign firms

Vietnam Net

Two-digit import/export growth rates and Free Trade Agreements (FTAs) have made Vietnam into a very promising logistics market worth tens of billions of dollars. However, local logistics firms only have a small piece of the cake. Do Xuan Quang, chair of the Vietnam Logistics Association (VLA), said that 1,300 Vietnamese logistics firms operate, but the firms provide only freight forwarding, storage and loading/unloading services. There are only 25 foreign firms, but they hold 75 percent of the market share.

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UK Debenhams retailer to enter VN next year

Biz Hub

Debenhams, the multichannel department retailer, is set to drive its international presence further by launching its brands in the Vietnamese market next year. The move comes on the back of agreements with local market partner VinDS, part of Vingroup, one of Viet Nam's largest private companies.

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City seeks approval for revised metro project

The Saigon Times

HCMC has asked the Government to present a revised investment plan for the city’s fifth metro line to the National Assembly Standing Committee for approval. The city has submitted the investment plan to the Government after it was revised based on comments from relevant ministries and agencies. Metro Line No.5 is one of the eight outlined in a development scheme for urban railways in the city. The 24-kilometer line is designed to start from Can Giuoc Coach Station, go parallel with National Highway 50, Tung Thien Vuong, Ly Thuong Kiet, Hoang Van Thu, Phan Dang Luu, Bach Dang and Dien Bien Phu streets, and end at Saigon Bridge.

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First AEON shopping centre in Hanoi inaugurated

Vietnam Plus

Japanese retail AEON Group held a ceremony on October 28 to put its first-ever shopping mall in Hanoi into operation. Covering 9.6 hectares, the AEON MALL Long Bien has a total investment capital of 200 million USD with a total leasable area of around 110,000 square meters. It is expected to offer new shopping experiences and new lifestyle for Hanoi residents.

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Hanoi: Thuong Tin planning project with nearly 13,000 hectare

Cafe F

Hanoi People’s Committee has introduced Decision No.5561/QĐ- UBND, approving Thuong Tin District’s construction plan until 2030 with ratio 1/10,000. In the Decision, total area in the range of researching plan is about 12,738.64 hectare including 3,599.09 hectare urban land and 9,139.55 hectare rural land. According to the planning project, Thuong Tin town will be the center of politic – administration, economics, culture and social of Thuong Tin District. New developing area will be constructed in accordance with modern city standard. [The original article is available in Vietnamese only.]

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Vietnam on track to replace China as new manufacturing hub: experts

Thanh Nien News

FDI flows into Vietnam's manufacturing sector has rapidly increased over the past 10 years and will possibly rise more. Official figures showed that foreign investors registered US$11.36 billion for manufacturing projects, accounting for 66.3 percent of the total pledges in the first nine months.

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Foreign investment in VN surges 40% to $19.2 billion

Vietnam News

Foreign direct investment (FDI) worth US$19.2 billion poured into Viet Nam through October 20, 2015, a whopping rise of more than 40 per cent over the same period last year. According to the General Statistics Office (GSO), Viet Nam had 1,657 new FDI projects during the period with a total registered capital of more than $12.4 billion, increasing by respectively 27 per cent and 25 per cent.

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Vietnam’s Vingroup buys Maximark chain in bid to gain retail foothold

Tuoi Tre News

Vietnamese conglomerate Vingroup has added a popular supermarket chain to its latest buying spree, bolstering its plan to increase presence in the retail sector. Vingroup, which has its own retail brand VinMart, has acquired a 100 percent stake to become the new owner of Maximark, the Hanoi-based firm announced on Sunday without revealing the deal price.

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FOR MORE INFORMATION,CONTACT:

 

Dung Duong MRICS

Director

T +84 8 3824 6125

dung.duong@cbre.com

 

An Nguyen

Director

T +84 4 2220 0220

an.nguyen@cbre.com