‘BOOST’ NEEDED IN LAND POLICIES
Vietnam has a golden population structure; the agricultural GDP expanded by 2.95% a year in 2011-2018; and agricultural production has strongly shifted to products of international competitiveness, higher quality and higher productivity. Per capita income in rural areas increased by 3.5 times and the income gap between urban and rural areas narrowed from 2.1 times in 2008 to 1.8 times in 2017. In three years, agribusiness companies tripled.
INDUSTRIAL LAND LEASING COSTS RISE IN SOUTHERN VIETNAM
The average land leasing costs in the second quarter of this year at industrial zones in HCMC and the provinces of Binh Duong, Dong Nai, Long An and Ba Ria-Vung Tau climbed to $95 per square meter, said real estate firm Jones Lang LaSalle Vietnam (JLL) in its report on Vietnam’s property market for Q2, 2019.
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.
