ESTATE MARKET EXPECTED POSITIVE GROWTH IN YEAR-END MONTHS
At a seminar in HCM City earlier this week, Châu said it was not a rosy picture in the property market. Since March 7, 2017, when the Prime Minister requested the projects using State-owned land to be reviewed, the market has faced considerable challenges and difficulties.
HCM CITY: OFFICE MARKET CONTINUES STABLE GROWTH
Rental prices of the two grades rose due to the limited supply. The average price of Grade A in the second quarter was 46.7 USD/m2/month, up 0.9 percent against the previous quarter and 2.9 percent over the same period last year. Meanwhile, the monthly price of Grade B was 23.5 USD/m2, an increase of 0.3 percent compared with the previous quarter and 4.7 percent year-on-year.
FOREIGN INVESTORS CONTINUE TO POUR MONEY INTO DONG NAI
The southern province of Dong Nai lured more than US$1.14 billion in foreign direct investment (FDI) in the first seven months of this year, easily surpassing its target for the entire year, according to the provincial Department of Planning and Investment.
‘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.
