Another vibrant year awaits Vietnam’s property market
Last year witnessed many mergers and acquisitions (M&As) in Vietnam’s real estate sector, and foreign investors’ interest in the market is forecast to continue in 2018.
Visitors to an event introducing real estate projects (Photo: VNA)
Hanoi (VNA) – Last year witnessed many mergersand acquisitions (M&As) in Vietnam’s real estate sector, and foreigninvestors’ interest in the market is forecast to continue in 2018.
Thu Thiem, a new residential area in Ho Chi MinhCity, recorded several big deals last year, including cooperation to developthe Thu Thiem River Park project between Hongkong Land and Ho Chi Minh CityInfrastructure Investment Joint Stock Company.
Also in the fourth quarter of 2017, CapitaLandannounced it had bought a condominium project covering 1.45ha in District 4 ofHCM City at 40 million USD. The purchase raised the number of housing projectsowned by the Singapore-based firm to nine in HCM City and 11 in Vietnam.
Many insiders expressed belief that 2018 will beanother big year for foreign investment in Vietnam’s property market.
Senior Director of CBRE Vietnam Duong Thuy Dungsaid real estate led all sectors in attracting foreign investment in HCM Citylast year. She predicted it will continue to be a magnet for foreign investmentin 2018, and investors from Asia, especially Japan, will still make up themajority.
“In 2018, foreign investment in the propertymarket will begin to reap outcomes when projects are finished and handed overto clients,” she noted.
However, she added, domestic businesses stilllead, which can be seen in their total investment capital in the market and thetotal number of projects for sale.
Echoing this view, Stephen Wyatt, Country Headof JLL Vietnam, said Vietnam has considerable attraction to foreign investorsthanks to its huge potential. Real estate was among the top five sectorsreceiving most foreign direct investment in the country in 2017.
In 2018 and the next several years, foreigninvestors will keep pouring their money into Vietnam’s real estate market,particularly through M&As, he added.-VNA
According to statistics of property firms, 2017 saw an increase in the number of people searching for information on real estate, compared to previous years.
The Ministry of Construction should take more effective steps to support the development of low-cost housing and build an information system about housing and property market to improve transparency, management and planning, said Prime Minister Nguyen Xuan Phuc.
While Asian investors are dominating real estate investment and mergers and acquisitions in Vietnam, many European and American firms have chosen to invest in listed property companies.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
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In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Visitors to an event introducing real estate projects (Photo: VNA) 
