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CBRE Vietnam Real Estate Spotlight – W16 – 2021

Affordable housing supply fails to meet goal: Official, Tien Giang targets 160.64 million USD in key construction investment, Realising the aspiration to be a prosperous Vietnam…

 



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    • G•TNR The Nosta – Dong Da District                                 

      • Total units: 480 units                        
      • Scale: 3,361 sqm
      • Unit size: 31.4 – 92.1 sqm (1 – 3 bedrooms)                                 
      • Price*: from VND 45 million psm
    • The Matrix One – Nam Tu Liem District

      • Total units: 740 units
      • Scale: 39.8 ha
      • Unit size: 86 – 112.5 sqm (Condos)
      • Price*: from VND 50 million psm 
    • The Nine – Cau Giay District                     

      • Total units: 350 units
      • Scale: 5,190 sqm
      • Unit size: 75 – 162 sqm (Apartment)       
      • Price*: from VND 41 million psm  

* Prices included VAT



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    • Lumière Riverside (District 2)

      • Developer: Masterise Homes
      • Total units: 4 towers                                                               
      • Unit size: 1 – 4 bedrooms, Shophouse, Duplex, Penthouse
    • Masteri Centre Point (District 9)  

      • Developer: Masterise Homes
      • Total units: 10 towers                                                               
      • Unit size: 1 – 4 bedrooms
    • King Crown Infinity (Thu Duc District)

      • Developer: Gia Khang
      • Total units: 2,000 units
      • Unit size: 53.8 – 102.8 sqm

* 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

Affordable housing supply fails to meet goal: Official
VIR

The supply of affordable housing for low-income earners in urban areas and industrial park workers has only met around 42 percent of the target, Bui Xuan Dung, Director of the Ministry of Construction’s Housing and Real Estate Market Management Agency, told a recent workshop. A lack of available land and funding were to blame for the social housing shortage, Dung told the “Social Housing: The Establishment of the 2021 – 2030 Comprehensive Social Housing Policy in Vietnam” workshop on April 20 in Hanoi. The urban population is on the rise and likely to reach 47.25 million, or 44.45 percent of the country’s total, in 2030. By that time, Vietnam will have one city of more than 10 million people, one of 5-10 million, and four of 1-5 million. Rapid urbanisation, though positively impacting socio-economic development, has put enormous pressure on housing, particularly for those on low incomes, he noted.

 

Vietnam becoming an R&D hub for global tech giants 
VnExpress
Samsung Electronics is building a $220 million R&D center in Hanoi, and U.S. chip company Qualcomm has set up its first R&D facility in Southeast Asia in Vietnam. The former is expected to be completed in 2022 and employ 3,000 engineers. The South Korean giant also has other R&D centers in Vietnam to research into mobile devices, household electrical appliances, artificial intelligence, and data analysis.

Central bank to keep proactive, flexible monetary policy

For the time ahead, the State Bank of Vietnam (SBV) will keep a proactive and flexible monetary policy basing on market developments and forecasts for the macro-economy, SBV Deputy Governor Dao Minh Tu told a meeting on April 22. This monetary policy is meant to control this year’s inflation within the targeted ceiling of about 4 percent, support macroeconomic stabilisation, assist economic recovery, ensure liquidity, maintain the stability in the monetary and forex markets, and create conditions to reduce capital expenses for people, businesses, and the economy as a whole, the official said.

Tien Giang targets 160.64 million USD in key construction investment

The Mekong Delta province of Tien Giang plans to mobilise over 3.7 trillion VND (160.64 million USD) in public investment capital this year, Director of the provincial Department of Planning and Investment Nguyen Dinh Thong has said. Of the figure, the local budget will fund nearly 3 trillion VND, while the remainder will come from the State budget. Local authorities are set to roll out 189 key constructions in the fields of education and vocational training, health care, population and family planning, transport, agriculture, irrigation and aquaculture, and the national target programme on building new-style rural areas, including works remaining from last year.

 

Vietnamese, US firms join hands to develop aviation infrastructure

More than 80 state-owned and private enterprises from Vietnam and the US discussed cooperative opportunities at a recent virtual conference as both sides are making preparations for the launch of direct flights between the two countries. Leading US firms such as Autodesk, Boeing, Collins, Aerospace, Haskell, Honeywell, Mitre, Rapiscan, JBT Aerotech, Turner Construction and Tyco Security, among others, shared experience and solutions in airport development, as well as highlighted opportunities to boost the Vietnam-US collaboration in this field.

Realising the aspiration to be a prosperous Vietnam
Nhandan
The 13th Party Congress not only set the national development targets for the next 5-10 years but also envisions a future in which Vietnam will become a developed nation by the mid-21st century when Vietnam marks the centenary of its founding.
By 2025 when Vietnam marks the 50th anniversary of southern liberation and national reunification, Vietnam will be a developing country with a modern industry, surpassing the lower-middle income level. By 2030 when Vietnam marks the 100th anniversary of the Party’s founding, Vietnam will be a developing country with a modern industry and upper middle income. By 2045 when Vietnam marks the 100th anniversary of the country’s founding, Vietnam will be a developed country with high income. 

Job market shows strong signs of recovery
Vietnamplus
Vietnam’s job market showed strong signs of recovery in the first quarter of 2021, opening up various opportunities for workers, especially highly-skilled workers. The labour market has been steadily recovering since early in the year, according to data from Adecco Vietnam, with the number of job openings in March rising 40 percent against January. Growth in job applications was 26 percent. Sectors seeing an increase in hiring demand in the quarter included Engineering and Manufacturing, Energy, IT, E-commerce, Electronics, Semiconductor Design, Civil Engineering, and Industrial Construction. The combination of global supply chain shifts and the positive impact of free trade agreements will offer new prospects for Vietnam’s economy into the future, leading to a significant increase in employment opportunities and hiring demand, said Nguyen Thi Thu Phuong, Adecco Hanoi’s Recruitment Manager.

Measures sought to promote logistics development in Hai Phong
Vietnamplus
A conference seeking measures to promote links and partnerships in developing the logistics industry in the northern port city of Hai Phong was held on April 23. Participants at the meeting, which was jointly organised by the Vietnam Business Forum Magazine of the Vietnam Chamber of Commerce and Industry (VCCI), the municipal People’s Committee, and the Vietnam Logistics Business Association (VLA), focused discussions on how to improve the competitiveness of Vietnam’s logistics sector. They also proposed mechanisms and policies to lure more investment in the sector in Hai Phong city.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOR MORE INFORMATION,CONTACT:

Dung Duong MRICS

Senior Director

T +84 286 284 7668

dung.duong@cbre.com

 

An Nguyen
Director

T +84 24 6288 6379

an.nguyen@cbre.com