FOREIGN FUNDS PUMPED INTO VIETNAM LOGISTICS MARKET
In July, Vietnam Maritime Corporation (VIMC) signed a joint venture contract with its Japanese partner, Suzue, on shipping and logistics business. Sumitomo Corporation recently cooperated with Suzuyo and a Japanese public-private investment fund to spend nearly US$40 million buying a 10% stake of Gemadept Corporation of Vietnam.
BALANCING BENEFITS BETWEEN EMPLOYEES AND EMPLOYERS
Numerous opinions on the draft Labor Code from specialists, businesses and associations have been collected by the Vietnam Chamber of Commerce and Industry (VCCI) to submit to the Government.
REAL ESTATE MARKET: POSSIBLE RISK OF BUBBLE BURST?
According to market performance data released by the Association of Vietnam Realtors, the first quarter of 2019 witnessed 14,047 successful property deals in Hanoi, Ho Chi Minh City and some localities (like Da Nang, Khanh Hoa and Quang Nam), of which apartments and low-rise buildings accounted for 94%.
JLL VIETNAM: INVESTORS LOOK FOR M&A PROPERTY IN VIETNAM
Investors are looking for industrial and logistics assets through joint ventures with local industrial developers and/or acquisition of land and operating real estate, Jones LaSalle Vietnam Co Ltd (JLL Vietnam) said in a statement.
REAL ESTATE M&A ATTRACTIVE TO INVESTORS
The company further said mergers and acquisitions (M & A) in real estate is a bright spot in the market. The shortage of high-tech assets, modern warehouses and strong demand from businesses are promoting the potential of domestic industrial realty market.
LOGISTICS MARKET SEES WAVE OF INVESTMENT FROM JAPAN, ROK
The logistics market has become more vibrant in recent times with large merger and acquisition (M&A) deals between Vietnamese businesses and foreign investors who have strong financial and technological potential, especially those from Japan and the Republic of Korea.
OFFICIAL CHANNEL TO FEED REAL ESTATE MARKET WITH SUPPLY INFO
An official channel that will provide Viet Nam’s real estate businesses with information such as the number of licensed projects and projects awaiting licenses in a given area is being developed by the Department of Properties and Real Estate Management under the Ministry of Construction and the Vietnam National Real Estate Association (VNREA).
VIETNAM IMPORTS US$6.6 BILLION IN TEXTILE-GARMENT MATERIALS IN H1
Though the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has been in force for a while, Vietnam has not made much use of the free trade agreement and imported US$6.7 billion worth of materials in the first half of the year.
