MOC PLANS TO RELEASE QUARTERLY REPORTS ON PROPERTY MARKET
The Ministry of Construction (MoC) plans to start releasing quarterly reports on the domestic real estate market to increase transparency, Minister of Construction Phạm Hồng Hà said in a ministry meeting late last week.
PROPERTY MARKET HEATS UP IN BINH PHUOC
Industries that will be developed within these clusters include agro-forestry product processing, and manufacture of rubber and plastic products, metal products, electronic products, engine vehicles, textiles and apparel. These clusters are expected to create around 30,000 jobs.
HOW DEEP C INDUSTRIAL ZONES BECOME INVESTORS’ CHOICE
To date, DEEP C has attracted 100-plus projects funded by multinational enterprises from USA, Japan, Germany, South Korea, etc. with a total investment of over US$3.5 billion. Prominent investors in DEEP C include Bridgestone, JX Nippon Oil & Energy, Chevron, PV Oil, C. Steinweg and Flat Group.
HOUSING AND GREEN BONDS ARE POTENTIAL GROWTH AREAS IN ASIA, SAYS ADB EXPERTS
Việt Nam's domestic bond market has rebounded in the first quarter of this year, marking an increase of 0.7 per cent in value of the domestic currency to US$51.4 billion after falling 5.3 per cent in the fourth quarter of 2018, according to the Asian Development Bank (ADB)’s latest issue of Asia Bond Monitor.
YEAR-END PROPERTY MARKET TREND: POSITIVE SHIFT TOWARD MORE SUSTAINABILITY
Vietnam’s real estate market will positively shift toward more sustainability from now until the end of 2019, according to real estate experts. However, tightening property credits by the banking system will make investors more cautious, resulting in more selective development.
CREATING BREAKOUT MOMENTUM FOR INDUSTRIAL PROPERTY
Vietnam’s new policies on industrial property such as industrial restructuring strategy, new legal frameworks for management of industrial zones and economic zones, have also opened many opportunities for industrial zone development across the country, thus facilitating businesses and investors to invest in this market.
HCM CITY: 46.8 PERCENT OF FDI GOES TO PROPERTY SECTOR
According to the municipal Department of Planning and Investment, the British Virgin Islands was the largest investor by pouring 71.59 million USD into the sector, accounting for 43.5 percent of realty investment. The Republic of Korea came second with 19.5 percent, followed by Japan (10 percent), Singapore (5.7 percent) and China’s Hong Kong (3.4 percent).
HONGKONG LAND APPOINTS COTECCONS AS THE MAIN CONTRACTOR FOR THE MARQ
Hongkong Land announced the appointment of Coteccons as the main contractor for its latest luxury residential development, The Marq. “The Marq continues to represent our trademark quality being implemented in the Vietnamese property market,” said Robert Wong, chief executive of Hongkong Land.
