CBRE Vietnam’s Top Property News Stories – W28/2016

Experts attending a seminar in Hanoi yesterday were of the opinion that Vietnam may miss this year's target of keeping inflation below 5% as June's consumer price index (CPI) jumped 2.35% versus December 2015 and grew 1.72% on average in the first half. Speaking at the seminar on markets and prices in the January-June period, Le Quoc Phuong, deputy director of the Trade and Industry Information Center under the Ministry of lndustry and Trade, said inflation had partly been influenced by higher health service fees and basic wages. Commodity prices have bounced back slightly since February. Besides, unfavorable weather had hit agricultural production, thus leading food and foodstuff supplies to slump.

From August 1^st 2016, Hanoi Department of Natural Resources and Environment will allow individuals to apply for land certificate online. Since issuing land certificate has been very complicated and time-consuming for years, it is important to work on a solution to improve the current status of land certificate issuance. It is expected that the online process will reduce processing time, ensure accuracy and transparency. [The original article is available in Vietnamese only.]

 The FLC Quy Nhon formidable in southern Binh Dinh Province is scheduled to open on Jul 30. The 7 trillion VND (311.1 million USD) formidable includes an 18-hole golf course, high-end oppulance resort, FLC Luxury Hotel Quy Nhon with some 900 rooms, 500 villas and a 1,500-seat general gathering centre, along with swimming pools and party areas. Launched in May 2015, FLC Quy Nhon’s Golf course, called Golf Links, non-stop after usually 6 months and is deliberate one of a 3 many pleasing golf courses in Asia. Many experts pattern that with an area as abounding in tourism potentials as Quy Nhon, and with a scale and considerable design, FLC Quy Nhon will turn a blue sea bliss in a Central region, attracting vast numbers of domestic and general tourists. Located in Nhon Ly, FLC Quy Nhon embraces 3km of coastline, in that Eo Gio offers what is believed to be a many pleasing sunsets in Vietnam. [The original article is available in Vietnamese only.]

Deo Ca Tunnel linking the central provinces of Phu Yen and Khanh Hoa will be opened to traffic on July 31 after four years of construction. The opening date was decided during Deputy Minister of Transport Le DinhTho's trip to the construction site, according to a report released by the ministry. Deo Ca Investment Joint Stock Company said contractors are building a road section inside the tunnel and installing equipment. The project is scheduled to be put into use on July 31, two months ahead of schedule. The investor said it takes vehicles just over 10 minutes to pass through in the tunnel, instead of traveling around 45 minutes on the pass. Moreover, vehicles using the tunnel can avoid rockslides, which often occur in the rainy season. Deo Ca Tunnel will help boost trade and tourism in the central region in addition to creating a link between Phu Yen's Nam Phu Yen and Khanh Hoa's Van Phong. [The original article is available in Vietnamese only.]

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Under the Hanoi’s Master Transport Plan for 2030, the city will build several new interprovincial coach terminals in urban centers and satellite urban areas: Yen Nghia Terminal in Ha Dong District across 7 ha of land, North-eastern Terminal in Gia Lam District on 10ha, Southern Terminal in Thanh Tri District on 11 ha, Dong Anh Terminal in Dong Anh District on 5.3 ha, as well as Western Terminal in Quoc Oai District on 7ha and Northern Terminal in Soc Son District on 7 ha. The city will also upgrade several terminals, including My Dinh, Nuoc Ngam, Giap Bat, Gia Lam and Thuong Tin.