Vietnam’s Top Property News – Week 13/2021
The top residential and commercial real estate news of the Week 13/2021 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.
NEW – Grand Marina Saigon (District 1, HCMC)
- Developed by Masterise Homes
- First branded residential project by JW Marriott & Marriott
- Expected launch in May 2021
- Refundable booking is now available
NEW – LUMIÈRE riverside, Phase 2 (District 2, HCMC):
- Developed by Masterise Homes
- 1-3 Bedrooms (48-113m2)
- ~4,500USD/m2
NEW – The 9 Stellars (District 9, Thu Duc City):
- 3000 apartments and 159 Villas
- 2,300USD/m2 for apartments and 5,500USD/m2 for villas
- Developer: SonKim Land
- Special Promotion: 1% Discount for booking in March
NEW – Meyhomes Capital Phu Quoc:
- Developed by Tan A Dai Thanh Awarded with Labor Medal and 25 Years with Good Contributions to Vietnam Economy
- Is the First and Limited Landed Property with Freehold Tenure on Phu Quoc City (just Upgraded to City)
- Shophouses from 117-206m2
- Affordable from 350,000 USD
- Special Promotion: 8% Discount
NEW – The River Thu Thiem, Phase 2 (District 2, HCMC):
- Phase 2 location is opposite to Phase 1
- Refundable booking is now available
NEW – Celesta Rise, Phase 2 (Nha Be, HCMC):
- Developed by Keppel Land and Phu Long
- 2-3 bedroom (78-105m2)
- Price from 2,300USD/m2
- Expected launch Q2/2021
- Refundable booking is now available
NEW – The Marq, (District 1, HCMC):
- Developed by Hongkong Land
- 1-4 bedroom (48-145m2)
- Price from 9,000USD/m2
- Expected launch Q2/2021
- Refundable booking is now available
NEW – Maia Resort Quy Nhon:
- Developed by VinaCapital
- Located at an untouched beach of Quy Nhon
- A Fusion branch, Maia, new and promoting food and culture of Quy Nhon
- 2 Bedroom from 453-611m2
- Price per unit from 666USD/m2
Kallias Complex City Phu Yen:
- Developed by NDMReal
- Located at a prime location: on coastal road at the beach city center, Tuy Hoa City, Phu Yen
- With an AccorHotels Group brand operating right at the project
- Shophouses from 90-100m2
- Price per unit from 260,000 USD
Hyatt Regency Ho Tram:
- Developed by Hyatt Hotels & Resorts
- President Villa/Beach Front Villa/Sea View Villa/Garden Villa from 290-1000m2
- Limited 63 units
- Million Dollars Project
- Beach Property
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
Q1 GDP grows 4.48 pct despite new Covid-19 outbreak
Vietnam’s GDP grew 4.48 percent in the first quarter, higher than 3.68 percent in the same period last year, despite a new Covid-19 outbreak linked to new strains
The General Statistics Office (GSO) said “this was relatively decent growth in comparison with other regional and global economies.”
The industry and construction sector grew 6.3 percent year-on-year in January-March period. The corresponding figures for the agriculture and service sectors were 3.16 percent and 3.34 percent, respectively.
The main growth driver of the economy in the first quarter was the processing and manufacturing industry, which grew 9.45 percent while the construction industry grew 5.17 percent.
Vietnam’s import-export turnover reached an estimated $152 billion in the first quarter, up 24 percent against the same period last year.
Export value in the first three months increased to $77.34 billion, and that of imports to $75.31 billion, resulting in a trade surplus of $2.03 billion.
“Achieving the 6.5 percent growth target (for 2021) would be a big challenge,” the GSO said.
It recommended that the government contain the Covid-19 pandemic well and try to avoid new outbreaks, while rapidly deploying its mass vaccination program. The government should also help businesses access financial support packages, and speed up the disbursement of public investment capital, the GSO said.
The country tackled the new outbreak detected on January 28. The outbreak hit 13 localities, including major cities like Hanoi, HCMC and Hai Phong. A number of patients were infected with the fast spreading U.K. and South African variants.
Vietnam’s GDP grew 2.91 percent last year, the lowest in a decade, but it remained one of the fastest-growing economies in the world.
Source: VnExpress
FDI inflows jump by 18.5 pct
The investment has flowed into 17 sectors led by manufacturing with 49.6 percent of the FDI pledges, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Singapore was the leading investor with nearly $4.6 billion, followed by Japan with $2.1 billion and South Korea with $1.2 billion.
But the number of new projects dropped by 69.1 percent to 234 as Covid-19 continues to prevent air travel and dampen investor sentiment.
The major projects include the $3-billion LNG-fired power plants Long An 1 and 2 in the southern province of Long An by a joint venture between South Korea’s GS Energy and fund management company VinaCapital, the $1.3-billion O Mon 2 Thermal Power Plant in the southern city of Can Tho by a joint venture between Vietnam Trading Engineering Construction JSC and Japan’s Marubeni Corporation and a $750-million investment in LG Display’s existing plant in Hai Phong.
Vietnam received $4.1 billion in foreign direct investment (FDI) in the first three months of 2021, up 6.5 percent from a year earlier.
Last year, FDI pledges had fallen by 25 percent to $28.5 billion.
A foreign automobile factory in northern Hai Duong Province. Photo by Reuters/Kham
Source: VnExpress
Vietnam Airlines resumes international commercial flights
A Vietnam Airlines aircraft lands at Tan Son Nhat International Airport in Ho Chi Minh City, June 15, 2020. Photo by VnExpress/Quynh Tran
Vietnam Airlines has resumed international commercial operations after a long hiatus, with its first flight arriving in Da Nang from Taiwan on Thursday.
Over 200 passengers arrived from Taipei, all paying from their pockets for quarantine and Covid-19 testing on landing.
“This flight marked the restart of Vietnam Airlines’ inbound commercial flights after a period of suspension due to the complicated development of Covid-19,” the carrier said in a release.
Before departure, all passengers had to furnish a certificate showing they had tested negative for the novel coronavirus based on an RT-PCR test done three days before the flight.
They also had to submit papers for quarantine registration in Vietnam and install Bluezone, a Bluetooth-based app that shows if a person has come into close contact with a Covid-19 patient.
All were tested on landing and will be tested again six days later.
Those testing positive for Covid-19 will be admitted for treatment, and the rest can move from the quarantine center to isolation at home, place of work or a hotel until they complete the 14-day mandatory quarantine under the supervision of local authorities.
Earlier Vietnam Airlines said it is awaiting approval from the U.S. government to launch regular direct flights to that country.
Vietnam closed national borders and canceled all international flights in March last year with only Vietnamese repatriates, foreign experts and highly-skilled workers allowed in since then with stringent conditions.
Source: VnExpress
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