CBRE Vietnam Real Estate Spotlight – W50 – 2020

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  • Grandeur Palace Giang Vo – Ba Dinh District                            
    • Total units: 72 units
    • Scale: 9,024.8 sqm                                                  
    • Unit size: 77.6 – 153.8 sm (2 – 3 bedrooms)       
    • Price*: from VND80 million psm  
  • D’. Palais Louis – Cau Giay District                            
    • Total units: 242 units
    • Scale: 4,791 sqm                                                  
    • Unit size: 113.2 – 239 sm (2 – 4 bedrooms)     
    • Price*: from VND108 million psm  
  • Hatay Millenium – Ha Dong District
    • Total units: 683 units                        
    • Scale: 5,480 sqm
    • Unit size: 45 – 90 sqm (1 – 3 bedrooms)
    • Price*: from VND25 million psm 

* Prices included VAT

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  • Masteri Centre Point (District 9)  
    • Developer: Masterise Homes
    • Total scale: 10 towers                                                               
    • Unit size: 1 – 4 bedrooms

* Prices included VAT

Note: Selected newspapers include Dau Tu Bat Dong San, Thoi bao kinh te Vietnam, The gioi thong tin bat dong san, CafeF, Tuoitre, Tap chi dau tu bat dong san, Vietnamnet, Thi truong Bat dong san & Tai san, Nguoi dua tin, VnExpress

Trump Administration Says Vietnam and Switzerland Manipulated Currency TheNewYorkTimes The Trump administration on Wednesday labeled Vietnam and Switzerland currency manipulators, accusing them for the first time of improperly intervening in foreign exchange markets and setting off a new economic confrontation with two trading partners. It was the first time that the Treasury Department has applied that label to either country and will require Vietnam and Switzerland to enter into negotiations with the United States and the International Monetary Fund to address the situation.

Vietnam to end 2020 on an optimistic note Nhandan Although all countries in the world, including Vietnam, have seen a sharp slowdown in economic growth and other indicators, most assessments and projections of the Vietnamese economy remain fairly upbeat. Vietnam is one of the few countries that are still registering positive growth and a V-shaped economic recovery, making it one of the 16 most successful emerging economies.

Infrastructure investment key to go forward: experts Vietnamnews Minister of Planning and Investment Nguyen Chi Dung appreciated the contribution and trust from the business community as one of the motivations for the Government to lead Vietnam to good growth amid the pandemic. The minister was speaking at the Vietnam Business Forum 2020 (VBF) yesterday in Hanoi.

Vietnam’s brand value records fastest growth worldwide: Brand Finance Nhandan Vietnam has posted the fastest-growing national brand this year, with value surging 29% to US$319 billion, on the list of the world’s 100 most valuable national brands compiled by the London-based independent brand valuation and strategy consultancy Brand Finance. Vietnam, which has recorded staggeringly low COVID-19 cases and related deaths, has emerged as one of the top locations in Southeast Asia for manufacturing and has become an increasingly attractive destination for investors, particularly from the US, Brand Finance said.

Cat Linh – Ha Dong Urban Railway ready to welcome passengers in March 2021   SGGP The Cat Linh-Ha Dong urban rail project was approved by the Vietnam Ministry of Transport in October 2008 with a total investment capital of more than VND20,000 billion (US$886 million) from the Chinese Government's preferential loans and Vietnam's reciprocal capital. The project was started on October 10, 2011. After many times of delay and test runs in December 2020, the rapid transit railway project is likely to be officially put into operation in March 2021. The project had a total length of 13.5 kilometers, passing through 12 overhead stations with a maximum speed of 80 kilometers per hour and an average speed of 35 kilometers per hour.

1.03 million people receive unemployment allowance this year Vietnamplus The number of people receiving unemployment allowance is estimated to reach 1.03 million by the end of this year, about 24 percent higher than the same period last year due to the impacts of the COVID-19 pandemic. As calculated, the total payment for unemployment allowance has reached over 16 trillion VND (689 million USD) by the end of December, about 33 percent higher than the same period last year. Dao Duy Hien, deputy head of Social Insurance Policy Implementation Department under Vietnam Social Security, revealed the data at a recent online meeting on “Promoting efficiency of unemployment insurance policy.

Huge capital needed to fully develop HCMC’s Eastern innovative urban area SGGP The Ho Chi Minh City (HCMC) Department of Planning and Architecture has just submitted to HCMC People’s Committee a proposal for the project ‘Forming and Developing the Eastern highly interactive, innovative urban area in the period 2020-2025’. This area is where the to-be Thu Duc City is located. The project estimates the necessary state budget for infrastructure, economic, and social growth, reaching US$1.8 billion.

Binh Duong Province attracts more than $1.85 billion of FDI capital SGGP The People's Committee of Binh Duong Province has just announced that foreign direct investment (FDI) attraction in the province will reach more than US$1.85 billion this year, 31.8 percent higher than the plan. Of which, there are $703 million of newly-licensed capital, $337 million of additional capital, and $803 million of capital contribution and purchase of shares from investors. So far, Binh Duong Province has had 3,928 projects with a total capital of $35.4 billion of FDI capital, ranking third domestically in attracting FDI capital, only after HCMC and Hanoi.