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CBRE Vietnam Real Estate Spotlight – W20 – 2021

Vietnamese automaker announces plans to acquire South Korean retail outlet E-Mart, Vietnamese travel firms offer Covid vaccination tours to US, Overseas remittances to Vietnam in 2020 reach US$17.2 billion, …

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    • Vinhomes Smart City – The Metrolines – Nam Tu Liem District                     

      • Scale: 12 Apartment Buildings                                            
      • Unit size: 28 – 75 sqm (studio, 1-3 bedrooms)       
    • Vinhomes Ocean Park – Gia Lam District
    • Scale: 420 ha
    • Unit size: 30 – 108 sqm (studio, 1-3 bedrooms)  
    • Price*: from VND 30 million psm    
    • Total units: 1,099 units
    • Scale: 2.8 ha                                                  
    • Unit size: 70 – 206 sqm (Villas)       
    • Price*: from VND 38 million psm   
    • Hinode City – Hai Ba Trung District                     

* 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
    • Developer: Gia Khang
    • Total units: 2,000 units
    • Unit size: 53.8 – 102.8 sqm
    • King Crown Infinity (Thu Duc District)

* 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

Vietnamese automaker announces plans to acquire South Korean retail outlet E-Mart
Tuoitrenews

Vietnamese carmaker THACO will acquire a 100 percent stake of South Korean-owned E-Mart Vietnam Co., Ltd., according to representatives from both firms. Truong Hai Auto Corporation, or THACO, has finalized negotiations with E-Mart Vietnam Co., Ltd., to acquire the entire South Korean firm, both companies confirmed on Wednesday but declined to state the exact date when the deal would be signed. Once completed, South Korean retail giant E-Mart will stop operating its only retail outlet in Vietnam after seven years and THACO will take over the E-Mart brand name as a franchisee and will pay a royalty to the foreign retailer.

 

Vietnamese travel firms offer Covid vaccination tours to US
VnExpress
Vietnam travel agencies are launching "vaccine tours" to the U.S. to boost a hobbled tourism industry, with some states allowing foreigners to receive Covid-19 jabs. Hong Ngoc Ha Travel Company, headquartered in District 1 of Ho Chi Minh City (HCMC), became the first Vietnamese travel agency to launch a vaccine tour aimed at high-income tourists and those wishing to pay short-term visit or visit relatives, as well as access vaccines from the U.S. The tour is advertised at a cost of nearly VND45 million ($1,950) for an eight-day trip, including one-way air ticket from HCMC to American cities like New York or Los Angeles, three-star standard hotel room and a single dose of Johnson & Johnson Covid-19 vaccine, Le Van Tri, head of the company's media department said.

HCMC aims to achieve disbursement rate of public investment at above 90 percent

According to Ms. Le Thi Huynh Mai, Director of the Department of Planning and Investment, Ho Chi Minh City plans to achieve a disbursement rate of public investment of above 90 percent this year. The complicated situation of the Covid-19 pandemic has directly created difficulties affecting the disbursement progress of projects, especially for ODA projects because foreign experts, equipment, and machinery that serve projects cannot be imported into Vietnam; the project implementation progress is delayed because workers implement social distancing; difficulties lead to many disputes related to contracts, affecting the construction, acceptance, and disbursement. HCMC will drastically carry out solutions to accelerate the disbursement of public investment capital plans to stimulate production, business, and consumption, create jobs, and ensure social security, contributing to the construction and completion of the necessary socio-economic infrastructure to improve competitiveness, support production and business activities of people and enterprises, and attract other sources of social investment capital. 

Industrial parks try to keep factories open amid COVID-19 outbreak

Deputy Prime Minister Vu Duc Dam yesterday asked authorities in Bac Ninh and Bac Giang provinces to continue closely monitoring COVID-19 hotspots and bring companies with large supply chains back into operation. The request was made at a meeting of the National Steering Committee for COVID-19 Prevention and Control. “Bac Giang Province must strictly manage workers in industrial zones to ensure the virus will not spread to other provinces,” he said. “At the same time the two provinces need to quickly bring businesses that meet safety requirements back into operation, especially those with large supply chains.

 

Overseas remittances to Vietnam in 2020 reach US$17.2 billion

According to the latest updated global remittance data that the World Bank (WB) has just announced, the amount of overseas remittances to Vietnam in 2020 was US$17.2 billion, instead of $15.7 billion as previously estimated. Thus, according to the updated figures, the number of overseas remittances in 2020 increased by nearly 3 percent compared to that in 2019. Accordingly, Vietnam is in the top ten countries receiving the most overseas remittances among low and middle-income countries. With overseas remittances transferred to the country equivalent to 5 percent of gross domestic product (GDP) in 2020, Vietnam is one of the 10 countries in East Asia – Pacific with the highest proportion of remittances in GDP.

HCMC to develop riverine infrastructure, economy
Vietnamnews
HCMC is focusing on developing riverside infrastructure and space for businesses there by 2045. According to a plan submitted to the city's Department of Planning and Architecture, it plans to build multi-purpose infrastructure along the Saigon River, improve the scenery and public utilities there, and reinforce the city’s capabilities in combating flooding, climate change and erosion. Architect Ngo Anh Vu, deputy director of the HCM City Urban Planning Institute, said the Saigon River’s two banks have 3,100-5,000 hectares of land that could be used to plant trees, build traffic infrastructure and public spaces and provide space for businesses.

Alibaba, Baring Private Equity Asia invest $400m in Masan retail arm, The CrownX
Vietnamnews
Masan Group Corporation (HOSE: MSN) and a consortium led by Alibaba Group and Baring Private Equity Asia on May 18 announced the signing of definitive agreements for the acquisition of a 5.5 per cent stake in The CrownX for a cash consideration of US$400 million. The CrownX is Masan’s integrated consumer retail arm that consolidates its interests in Masan Consumer Holdings (MCH) and VinCommerce (VCM). The transaction implies a pre-money valuation of $6.9 billion for the company, or $93.5 per share. Masan will own 80.2 per cent of the company after the consortium’s investment.

Foreign enterprises place trust, raise investment in Dong Nai
Vietnamplus
The trust of investors in the local business climate and support from authorities for enterprises count among the factors that have helped southern Dong Nai province almost reach its foreign direct investment (FDI) target for the year. The Swiss-funded Nestle Vietnam, based at the Bien Hoa 2 Industrial Park, has continually increased its charter capital since opening its first factory on-site in 1995. Most recently, in April, it added US$132 million to its investment in a coffee production project at the Amata Industrial Park in Dong Nai, bringing the total to over US$400 million.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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