Hanoi to welcome launch of 26,000 apartment units in 2022: C&W Vietnam
Around 26,000 apartment units are expected to be launched in Hanoi in 2022, signaling a vibrant outlook for the segment, according to real estate service provider Cushman & Wakefield (C&W) Vietnam.
Hanoi (VNA) – Around 26,000 apartment units areexpected to be launched in Hanoi in 2022, signaling a vibrant outlook for thesegment, according to real estate service provider Cushman & Wakefield(C&W) Vietnam.
A survey by C&W Vietnam revealed that the launch of luxurious apartment project The Grand Hanoi at the end of last year, which were sold out inthe first offering, has established a new height for the segment’s prices inthe capital city.
A number of prestigious developers in the south, such asMasterise Homes, Phu Long and Hung Thinh, have entered Hanoi’s property market recently. The move is expected to set the scene for the launch of morehigh-quality units and raise the average price of the market.
Statistics show that Hanoi’s Gross Regional DomesticProduct (GRDP) grew by 2.92 percent in 2021, lower than 4.18 percent of theprevious year, as a consequence of the severe COVID-19 outbreaks.
However, FDI flows into the city rose by 10.6 percent to 1.5billion USD. Additionally, several key transport projects of the city have been completed, notably the Cat Linh - Ha Dong urban railway and theintersection of Ring Road No.3 and Hanoi-Hai Phong Expressway.
These factors are likely to help the city’s real estatemarket gain greater growth momentum in 2022 and the following years, accordingto C&W Vietnam.
In the final quarter of 2021, the average price of the class-A units stood at 137.3 million VND (or 5,927 USD) per sq.m, doubling thatof the previous quarter and the same period last year. The prices of theclass-B ones averaged 39.5 million VND (or 1,706 USD) per sq.m, up 4 percentquarter-on-quarter and 14 percent year-on-year. That of the class-C units edgedup 11 percent quarter-on-quarter and 16 percent year-on-year to 25.8 millionVND (or 1,112 USD) per sq.m./.
Vice Chairman of Hung Yen provincial People's Committee Nguyen Hung Nam on December 13 handed over a decision on establishing a clean industrial park, and an cooperation agreement on smart city development to the Korea Land and Housing Corporation (LH) of the Republic of Korea (RoK) in the framework of the Vietnam - Korea Business Forum.
With an average gross domestic product (GDP) growth rate of 6-7 percent, Vietnam is being evaluated as an ideal destination for investment, compared to other countries in the region, particularly in the field of the real estate market.
The real estate market remains attractive and many segments are expected to become bright spots to accelerate the market growth in 2022 thanks to the flexible response.
The Ministry of Construction (MoC) has requested the People's Committees of provinces and centrally-run cities to strengthen the management of the domestic real estate market, controlling the risks of a property market bubble.
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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
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
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.
Illustrative image (Photo: VNA) 
