TAN PHU TRUNG INDUSTRIAL ZONE - DESTINATION FOR INVESTORS SEEKING LONG-TERM STABILITY AND SOLID FUTURE
Tan Phu Trung Industrial Zone is located in the Northwest of Ho Chi Minh City, planned to be a trade gateway to global trade of the city and the southern key economic zone. After more than 10 years of construction and development, as a catalyst for boosting economic, trade and investment cooperation between Ho Chi Minh City of Vietnam and international partners, Tan Phu Trung Industrial Zone has made positive contributions to the overall industrial output value of Ho Chi Minh City.
HA NAM GETS APPROVAL OF REVISED INDUSTRIAL ZONE PLANNING
The Prime Minister has given the nod to several revisions to the development planning of industrial zones in Ha Nam province by 2020. Specifically, the PM approved the expansion of the Dong Van I and II industrial parks to 371ha and 339ha, up 162ha and 18ha, respectively.
CITY PROPERTY FIRMS AIM FOR COOPERATION, STABILITY
HCM City needs better co-operation among the State, developers, builders, material suppliers and banks to improve the local property market, the HCM City Real Estate Association has said.
REAL ESTATE DEALS STALL IN FEBRUARY
Real estate transactions slowed down in February because of the Lunar New Year holidays, the construction ministry’s Management Agency for Housing and Real Estate Market has said.
VIETNAM REAL ESTATE CONTINUING AS DESTINATION FOR INT’L INVESTORS
According to the research results of Jones Lang LaSalle Incorporated (JLL), a professional services and investment management company specialising in real estate, although the global economy has not prospered, Southeast Asia still remains a bright spot for investors. Accordingly, ASEAN economic growth remains at 5 per cent per year, which is quite high compared to the global average growth of 3.5 per cent per year. This is creating a huge advantage for developing countries like Vietnam, particularly in the real estate sector.
PROPERTY MARKET: CAUTIOUS INVESTORS
In the first two months of 2017, the Vietnamese real estate market has not experienced major changes. It even witnessed a slight decline in deals from late 2016. The market development has fuelled investors with anxiety because many specialists have warned against potential hardships in 2017.
FDI IN REAL ESTATE EXPECTS BREAKTHROUGHS
According to statistics of the Foreign Investment Agency (FIA), Ministry of Planning and Investment of Vietnam, in January 2017, the country attracted US$1.4 billion of foreign direct investment (FDI), of which the real estate industry attracted US$297 million (21.2 per cent of the total FDI), ranking 2nd only to the processing and manufacturing industry.
INFRASTRUCTURE BOOSTS DONG NAI PROPERTY MARKET
The property market is booming in the southern province of Dong Nai of thanks to its excellent infrastructure. The local Department of Construction said 250 property projects were developed recently, 15 by foreign investors and involving a minimum investment of US$10 million.
