Weekly News 4.5.2020 – 8.5.2020

HCMC moves closer to smart city model

HCMC is moving toward becoming a smart city, the city’s chairman Nguyen Thanh Phong told Nguoi Lao Dong newspaper on the sidelines of a meeting on May 5. Phong noted that the smart city model is an initiative that the city has been working out for the past two years, with significant successes recorded in the first phase, which runs from 2017 until the end of 2020. The city has laid the groundwork for four main pillars of a smart city: a shared database and open data ecosystem, a smart city operating center, a center for socioeconomic forecasts and simulation, and a center for information safety. 

For more details, please kindly visit:

https://english.thesaigontimes.vn/76518/hcmc-moves-closer-to-smart-city-model.html

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Insider’s view: Real estate M&A in Vietnam may not be as gloomy as some are saying

Interest in Vietnamese real estate assets has not diminished, but deals are difficult to come by given the economic uncertainties. COVID-19 is making its impact felt across all markets in Asia. For the real estate market, investors are still digesting the implications of the outbreak and how it will affect real estate assets in the long term. 

For more details, please kindly visit:

https://vietnaminsider.vn/insiders-view-real-estate-ma-in-vietnam-may-not-be-as-gloomy-as-some-are-saying/

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Vietnam Airlines to resume all domestic flights next month

Flag carrier Vietnam Airlines will resume all domestic flights in June after grounding most of them for more than a month. The airline said in a statement that it was currently operating 17 flights a day between Hanoi and Ho Chi Minh City, and in the second half of this month it will increase this to 23. It will also add more flights this month Hanoi and HCMC to Da Nang City, and from HCMC to Phu Quoc Island, Hai Phong City and Thanh Hoa Province. Jetstar Pacific, the low cost arm of Vietnam Airlines, resumed its flights from HCMC to Da Nang City and other destinations Thursday.

For more details, please kindly visit:

https://e.vnexpress.net/news/business/companies/vietnam-airlines-to-resume-all-domestic-flights-next-month-4095805.html

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3 reasons to believe that the real estate market is going to recover soon

Ms. Nhu Khuong, Market Research Department at Colliers Vietnam, says that the Vietnam’s real estate market was still an ideal destination for foreign investors and Covid-19 only slowed down the investment process. For the last 3 years, foreign direct investment into Vietnam always recorded over USD 35 billion USD

For more details, please kindly visit:

https://bds.tinnhanhchungkhoan.vn/bat-dong-san/3-ly-do-de-tin-thi-truong-bat-dong-san-som-phuc-hoi-238692.html

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Vietnam’s capital city licensed 235 new FDI projects in first four months

Up to 235 new foreign-invested projects licensed in Vietnam’s capital city of Hanoi in the first four months of 2020. During the period, foreign investors pledged an additional US$365 million to 35 existing projects in the city, while their capital contributions and share purchases reached US$293 million.  Dan Tri Newspaper reported. Hanoi’s export revenue fell by 4.7% year-on-year, hitting US$4.329 billion, of which domestic and foreign-invested sectors reported respective decreases of 4.6% and 4.7%.

For more details, please kindly visit:

https://vietnaminsider.vn/vietnams-capital-city-licensed-235-new-fdi-projects-in-first-four-months/

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HCMC’s 'city within city' lacks precedent, legal framework

A HCMC master plan to build an “innovative urban area” en route to becoming a smart city looks likely to remain on paper. This area, in the making since 2017, would combine three of the southern metropolis’s eastern districts into one innovative hub. City authorities had said then that the plan would generate a bright future for both local residents and businesses. It would encompass the hi-tech park in District 9, the university precinct in Thu Duc District and the new urban area and financial center on the Thu Thiem Peninsula in District 2. 

For more details, please kindly visit:

https://e.vnexpress.net/news/news/hcmc-s-city-within-city-lacks-precedent-legal-framework-4093337.html

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Trung Nam Group to set 16 wind turbines in service in Ninh Thuan

6 wind turbines are expected to be launched soon in the south-central province of Ninh Thuan as part of a $600 million solar and wind farm complex invested by Trung nam Group. So far, Ninh Thuan has approved 13 wind power projects with a designed capacity of 680MW and has already put three into operation. One of these projects is a solar-wind farm complex invested by Trung Nam Group. The complex, when completed, will supply a total of 950 kWh per year to the national grid.

For more details, please kindly visit:

https://www.vir.com.vn/trung-nam-group-to-set-16-wind-turbines-in-service-in-ninh-thuan-76022.html

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CapitaLand and Thien Duc hand over Feliz en Vista apartments to homebuyers

CapitaLand Vietnam, together with Thien Duc Trading-Construction Co., Ltd., has commenced the handover of apartments at Feliz en Vista. Located in Thanh My Loi ward, District 2 of Ho Chi Minh City, Feliz en Vista has three residential towers – Altaz, Berdaz, and Cruz – and one serviced residence tower. The apartments are scheduled to be handed over in phases, with the first phase comprising of apartments in Berdaz and Cruz Towers. 

For more details, please kindly visit:

https://www.vir.com.vn/capitaland-and-thien-duc-hand-over-feliz-en-vista-apartments-to-homebuyers-76031.html

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After having winter sleep in a quarter due to Covid-19, real estate firms are going to launch products

Data from the Business Registration Administration showed that the number of dissolved real estate enterprises in the first quarter increased to 69% due to the Covid-19 epidemic. Therefore, when the disease gradually got well controlled, many businesses have restarted their business programs to find opportunities in the new period. Most recently, Novaland Group officially introduces Deluxe Green House model house (from May 3 to May 9), located in Aqua City with an area of nearly 1,000 hectares in the east of Ho Chi Minh City. 

For more details, please kindly visit:

https://danviet.vn/sau-mot-quy-ngu-dong-vi-covid-19-doanh-nghiep-bat-dong-san-ruc-rich-bung-hang-1085271.htm

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Vietnam offers tremendous investment opportunities: VinaCapital

Consumer goods, health care, energy, construction materials, infrastructure, and technology are among the sectors with enormous potential for investment in Vietnam once the COVID-19 pandemic subsides, an expert has said. Don Lam, co-founder and CEO of fund management company VinaCapital, recently spoke to a group of Republic of Korean investors through video conferencing about Vietnam’s efforts to manage the outbreak, how the pandemic would affect the economy and investment opportunities now and post-pandemic. 

For more details, please kindly visit:

https://english.vov.vn/economy/vietnam-offers-tremendous-investment-opportunities-vinacapital-413359.vov