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CBRE Vietnam’s Top Property News Stories – Week 42/2017

Ben Thanh – Suoi Tien metro stop, H&M and Zara open first stores in Hanoi, Approval of compensation framework, resettlement of Long Thanh airport…

CBRE Newspaper Updates on Residential Ads


  • No new launch
  • Advertisements:

    • Diamond Lotus Riverside (District 8)

      • Total units: 1,460 (for condos only)
      • Scale: three 22-floor blocks
      • Unit size: 49 – 91 sm (1 – 3 bedrooms)
      • Price*: from VND 38.7 million/sm
    • Lavida Plus (District 7)

      • Total units: 1,212
      • Scale: three 27-floor blocks
      • Unit size: 49.8 – 103.5 sm (1 – 3 bedrooms)
      • Price*: from VND 33 – 35 million/sm
    • Saigon Intela (Binh Chanh District)

      • Total units: 1,068 (for condos only)
      • Scale: two 24-floor blocks 
      • Unit size: 41 – 78 sm 
      • Price*: from VND 20 – 22 million/sm

* Prices included VAT


  • No new launch
  • Advertisements

    • Valencia Garden (Long Bien District)

      • Total units: 366
      • Scale: 7,052 sm land area
      • Unit size: 60 – 100 sm (2-3 bedrooms)
    •     Intracom Riverside (Dong Anh District)

      • Total units: 1,036
      • Unit size: 46 – 76 sm (1-2 bedrooms)
    • 5 Seasons (Thanh Xuan District)

      • Total units: ~400
      • Unit size: 60 – 100 sm (2-3 bedrooms)
    • D’.EL DORADO

      • Total units: 448
      • Scale: 2,808 sm land area
      • Unit size: 71 – 160 sm (2-3 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, Tap chi dau tu bat dong san, Vietnamnet, Thi truong Bat dong san & Tai san, Nguoi dua tin, Vnexpress

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German investors “pumped” US$15 million for Kinh Bac (KBC) to build a factory project

Kinh Bac City Development Share Holding Corporation said its subsidiary, Kinh Bac Trading Office and Workshop Company Limited, has just reached an agreement to sign a contract to fund a project to build a factory with the German Development Investment Corporation (DEG) of the German Rebate Bank (Kfw). The company will receive a long-term loan from the German Development and Investment Corporation (DEG) which is worth US$15 million (US$33.4 million worth of factory building loans). The loan is up to 8 years to supply the capital to build and develop factories in industrial zones.


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Approval of compensation framework, resettlement of Long Thanh airport

Approval of compensation framework, resettlement of Long Thanh airport
Prime Minister Nguyen Xuan Phuc has approved the policy framework on compensation, support and resettlement of Long Thanh International Airport. Long Thanh international airport project is an important national-level project of great significance to the socio-economic development of Vietnam. The project has an estimated land area of up to 5,000 hectares, of which land for construction of airport infrastructure is 2,750 hectares.

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Textile revival and new barriers
The Saigon Times

Thread, weaving and dyeing projects have been restarted after a postponement or recession from the United States' "shock" of withdrawing from the Trans-Pacific Partnership (TPP). However, the textile and apparel industry faces many difficulties from safeguard measures and labor cost pressures.

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Vietnam to become next outsourcing hotspot
Vietnam Investment Review

The latest report by PwC forecasts that outsourcing will be among the top five most attractive sectors for foreign investment in Vietnam. The two key drivers for outsourcing in Vietnam, according to PwC, are the rise of skilled workforce and improvements in infrastructure. The next generation provides a steady supply of educated, young, and low-cost workforce for the country. Regarding infrastructure, Internet and mobile phone connectivity in Vietnam has expanded dramatically. This is especially true as the wages in India and the Philippines are rising due to higher costs of living. 

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Vietnam picks top private players to advise on private sector development
Deal Street Asia

Vietnam has appointed top executives of its leading private sector firms to head a newly established private sector development committee. The committee will propose policy reform to create an environment more conducive to investments by private businesses. It will be publicly launched at the end of this month, Truong Gia Binh, chairman of Vietnam’s IT conglomerate FPT Corporation, has been mandated as chairman of the new group. Meanwhile, Don Lam, founder and CEO of asset management company VinaCapital, will act as vice chairman. Other members of the private sector development advisory committee include four entrepreneurs with expertise in the finance, manufacturing, retail, tourism, agriculture, real estate and logistics industries.

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To promote the relocation of all branch offices to the West Lake and Me Tri

The Office of the Government has just announced the conclusion of Deputy Prime Minister Trinh Dinh Dung at the meeting on the planning of building the system of working offices of ministries, ministerial-level agencies, agencies attached to the Government, central agencies. Hitherto, the Ministry of Construction has arranged the position and proposed the list of headquarters of the agencies to relocate. At present, the Ministry of Construction is building and finalizing the planning scheme for 13 branch offices after relocation

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H&M and Zara open first stores in Hanoi
Vietnam Investment Review

The emergence of Zara and H&M in Vietnam is heating up the competition among local fashion brands and garment manufacturers, exacerbating the battles in prices, designs, and the international feature.The second store in the capitol is planned to target the same market segment of affordable fashion as the first one in Ho Chi Minh City. The brand’s spokesperson shared with newswire Vnexpress that H&M is in search of new locations for new store openings. Zara’s second store is scheduled to launch in Vincom Ba Trieu, Hanoi, on November 9, two days before H&M launched its second store.

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Construction permit procedures: Vietnam needs 166 days, much longer than the area

The period of the construction permit procedures in Vietnam is 166 days (according to the World Bank 2017), one of the countries with high number of days in the region. On average, ASEAN 4 countries have only 66 days. Currently, the Ministry of Construction is drafting a Directive of the Prime Minister on strengthening the implementation of measures aimed at shortening the time of granting construction permits and related procedures as the basis for ministries, branches and localities to implement; It is expected to submit to the Prime Minister in the fourth quarter of 2017

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Ben Thanh – Suoi Tien metro stop

Minister of Planning and Investment Nguyen Chi Dung said that the existing problem causing the project of Ben Thanh-Suoi Tien metro 1 stagnated is the proposal to increase the investment capital is too large, so far the project is not true. currently approved total investment. The deputies of the Ho Chi Minh delegation will have a proposal to the National Assembly on this issue at its fourth session.


Hanoi: Bridge proposed to nearly 5,000 billion across the Red River

Me So Bridge crossing the Hong River linking Hanoi with Hung Yen province has been proposed with a total investment of nearly VND5,000 billion in the form of a BOT contract. Estimated total investment is about 4.881 billion VND with a payback period of 22 years 11 months.

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