Vietnam’s Top Property News – Week 1/2021
The top residential and commercial real estate news of the Week 1/2021 and property recommendations:
Information herein has been obtained from sources believed reliable, please analyze and use it at your own responsibility and independently confirm its accuracy and completeness.
The River Thu Thiem (District 2):
- Ultimate Collection: 12 Penthouses and 12 Pool Villas
- Unobstructed River View
- Million Dollars Project
Angel Island (Dong Nai Province):
- Elite Villas/Garden Villas/Grand Villas/Shop Houses from 154m2-360m2
- First and Unique Island Property with Yacht Marina Entrance MAINLY
- Million Dollars Project
Aqua City (Dong Nai Provice):
- Townhouses/Villas/Shophouses from 120m2-360m2
- Decent Eco Satellite City Adjacent to HCMC
- Affordable from 300,000 USD
Masteri Centre Point (District 9, Thu Duc City):
- Developer: Masterise Homes
- Total scale: 10 towers
- Unit size: 1 – 4 bedrooms
- Affordable from 140,000 USD
Lumiere Riverside (District 2):
- Developer: Masterise Homes
- Total scale: 2 towers
- Unit size: 1 – 3 bedrooms
- Affordable from 280,000 USD
Habana Island Ho Tram:
- Semi Detached Villas/Single Villas from 160m2-240m2
- Unique Island Property with View to Ocean and View to River
- Million Dollars Project
NovaWorld Phan Thiet:
- Townhouses/Semi Detached Villas/Shophouses from 100m2-150m2
- Capital Gain Guarantee 13%/year
- Affordable from 200,000 USD
- Beach Property
NovaWorld Ho Tram – Tropicana:
- Townhouses/Semi Detached Villas/Shophouses from 160m2-260m2
- Capital Gain Guarantee 13%/year
- Affordable from 300,000 USD
- Beach Property
FDI capital reaches US$28.5 billion, down 25 percent
According to the data recently announced by the Ministry of Planning and Investment (MPI), by December 20 this year, total foreign direct investment (FDI) capital in Vietnam, including newly-registered, adjusted capital, capital contribution, and purchase of shares, reached US$28.5 billion, a decrease of 25 percent compared to last year.
A particularly clear impact of the Covid-19 pandemic on foreign investment this year is reflected, the report of the MPI stated. However, noticeably, the realized investment capital of FDI projects this year merely decreased slightly compared to that in 2019. By December 20, the disbursement of FDI capital was estimated at US$19.98 billion, accounting for 98 percent of that in the same period last year.
Regarding the situation of registered capital, in 2020, there were 2,523 newly-licensed projects, with registered capital of $14.6 billion, down 35 percent in the volume of projects and 12.5 percent in the value of registered capital compared to the previous year; 1,140 times of projects licensed in previous years registered to adjust investment capital, with an additional capital of $6.4 billion, an increase of 10.6 percent.
Source: Sai Gon Giai Phong News
UKVFTA takes effect temporarily from 6am of January 1
Vietnam and the UK concluded necessary procedures for the temporary application of the bilateral free trade agreement from 6am of January 1, 2021 (Vietnam time) following the signing of the deal on December 29, 2020.
According to the Ministry of Industry and trade, in the context that the UK had officially left the European Union and the transitional period concluded on December 31, the temporary effectiveness of the UK-Vietnam Free Trade Agreement (UKVFTA) ensures bilateral trade activities are not interrupted when the transitional period ends, enabling the two sides to complete domestic procedures for the deal in line with the regulations of each country.
In the time to come, the ministry will coordinate with relevant ministries, sectors and agencies to issue detailed guiding documents for the temporary enforcement of the deal, while building a plan for the implementation to optimize opportunities from the UKVFTA, thus benefiting people and businesses of Vietnam, it said.
Meanwhile, the ministry also informed that Vietnam is still on the list of countries enjoying Generalized System of Preferences (GSP) of the UK. This means Vietnamese products exported to the UK will enjoy GSP as exporters showing the certificate of origins (C/O) form A. The UK will only accept the C/O in line with the EU mechanism, allowing exporters to apply the Registered Exporter system (REX) on products to be exported to the UK in 12 months since December 31, 2020.The EU’s GSP removes import duties from products coming into the EU market from vulnerable developing countries. This helps developing countries to alleviate poverty and create jobs based on international values and principles, including labor and human rights.
Source: Vietnamplus
Trade surplus hits $19 billion, highest since 2016
The country’s total trade revenue has hit $543.9 billion, up 5.1 per cent year-on-year
Vietnam is estimated to enjoy a trade surplus of US$19.1 billion this year, the highest since 2016, despite the challenges posed by the COVID-19 pandemic.
The country’s total trade revenue has hit $543.9 billion, up 5.1 per cent year-on-year. Of the total, export value is $281.5 billion and imports $262.4 billion, year-on-year rises of 6.5 per cent and 3.6 per cent, respectively.
Nguyen Viet Phong from the General Statistics Office (GSO)’s Trade and Service Statistics Department said the trade surplus is a bright spot contributing remarkably to economic growth and aiding the exchange rate and foreign exchange reserves in the context of Vietnam needing more resources for post-pandemic economic recovery in 2021.
While the world economy is seriously affected by the pandemic, the trade surplus of $19.1 billion shows Vietnam has taken advantage of opportunities brought by signed free trade agreements (FTAs), especially the EU-Vietnam FTA and the quality of the country’s exports has improved, meeting the requirements of choosy markets.
According to the GSO, in 2020, 31 commodities enjoyed export turnover of more than $1 billion, with six posting export values of more than $10 billion, accounting for 64.3 per cent of the total export turnover.
The heavy industry and mineral sector enjoyed the biggest export value of $152.5 billion, up 11.3 per cent year-on-year.
On the other side, 35 commodities posted import values of more than $1 billion this year, with four reaching $10 billion, accounting for 49.4 per cent of total import revenue.
Vietnam becomes second biggest exporter to US:
Vietnam moved up four spots to become the second-biggest exporter to the US in 2020, with its export turnover to the country surging 24.5 per cent to an estimated $76.4 billion.
Besides traditional exports like textiles, footwear and aquatic products, Vietnam has also shipped electronics, spare parts and wooden products to the market.
According to Phong, Vietnam enjoys a trade a surplus of $62.6 billion with the US, compared to $20.3 billion with the EU, while it has trade deficits of $34.5 billion with China, $27.6 billion with the Republic of Korea, and $6.9 billion with ASEAN.
However, Vietnam’s exports to the US account for only 2.7 per cent of the American country’s total imports from all countries and territories worldwide.
Statistics from the US side show that two-way trade increased to $75.7 billion in 2019 from just $450 million in 1995 when Vietnam and the US established diplomatic relations.
Apart from trade co-operation, the two countries have also enhanced toes in investment, research, sci-tech development, transportation, education, telecommunication and energy.
Source: Vietnam News
It’s official: HCMC to get its Thu Duc City
Thu Duc City taking shape in HCMC
Source: Vnexpress
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