HCM CITY: 46.8 PERCENT OF FDI GOES TO PROPERTY SECTOR
According to the municipal Department of Planning and Investment, the British Virgin Islands was the largest investor by pouring 71.59 million USD into the sector, accounting for 43.5 percent of realty investment. The Republic of Korea came second with 19.5 percent, followed by Japan (10 percent), Singapore (5.7 percent) and China’s Hong Kong (3.4 percent).
HONGKONG LAND APPOINTS COTECCONS AS THE MAIN CONTRACTOR FOR THE MARQ
Hongkong Land announced the appointment of Coteccons as the main contractor for its latest luxury residential development, The Marq. “The Marq continues to represent our trademark quality being implemented in the Vietnamese property market,” said Robert Wong, chief executive of Hongkong Land.
CBRE VIETNAM PROVIDES ONE-STOP ASSET MANAGEMENT SERVICE EXCLUSIVE FOR ALPHA HILL TOWER
Alpha King and CBRE Vietnam on May 10 signed a contract under which the latter will provide one-stop asset management services exclusively tailored for phase two of Alpha Hill Tower B, one of Alpha King Real Estate JSC’s establishment located in District 1, Ho Chi Minh City.
PROPERTY MARKET MUST SHIFT TOWARDS LOW-COST HOUSING: CONSTRUCTION MINISTRY
The Ministry of Construction has proposed reforming administrative procedures to create favourable conditions for the development of low-cost, compact social and commercial housing. This is one of the solutions suggested in the ministry’s latest report, submitted to the National Assembly ahead of its May session starting on May 20.
PRIVATE SECTOR SUGGESTS WIDER VISA EXEMPTIONS
In the morning on May 2, at the session about tourism in the Vietnam Private Sector Economic Forum 2019, travel enterprises and functional authorities have discussed the barriers to development to attract 17-20 million international visitors by 2020. During the discussion, visa emerged as one of the major roadblocks to private sector representatives.
VN POISED TO BECOME MANUFACTURER OF ESTABLISHED GLOBAL BRANDS
Việt Nam’s garment and textile sector is set to expand its market share globally, taking advantage of free trade agreements (FTAs) to become “a manufacturer of the world's established brands”, a trade and investment official has said.
EXCHANGE RATE FORECAST TO BE STABLE IN 2019
According to analysts from the Fitch Group’s Fitch Solutions Macro Research, the dong will weaken slightly against the dollar to VND23,700 by the end of the year, and average VND23,440 per dollar over 2019, which represents a 1.8 per cent depreciation from the average of 2018.
AUSTRALIAN PROPERTY FORUM IN HANOI & HCMC
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