Skip Ribbon Commands
Skip to main content

News Release

Vietnam

JLL Market Watch W42 2016


​​



















 
                                  
                        
Ho Chi Minh City commences demonlition of Saigon Tax Trade Center

The demolition of Ho Chi Minh City's iconic Tax Trade Centre started on Wednesday morning with the building set to be replaced by a multi-functional skyscraper.

The 130 year-old Saigon Tax Trade Center, one of the most symbolic buildings in the city, will give way to the Satra -Tax Plaza, designed as a shopping center, hotel, and office building.

  
      
20161013-1.jpg
 
           
                          
                                  
                       
Vietnam's economy takes a good shape

Viet Nam’s economy accelerated in the third quarter, expanding by 6.6 per cent year-on-year. This marks a sharp improvement from the 5.6 per cent growth rate registered last quarter, said a report on Asian economics conducted by the Hong Kong and Shanghai Banking Corporation (HSBC).

     
    
20161013-2.jpg
 
               
                            
                         





















 
                                  
                        
Competition grows as foreign firms make inroads into Vietnam's retail market

Vietnam’s retail market has recently seen a wave of mergers and acquisitions as well as the rapid domination of foreign investors from Japan, Thailand and the Republic of Korea. Such developments raised concerns among domestic retailers about the threat of losing market share, being gradually taken over and then eventually being wiped out. But in one respect, such blows from foreign companies have awakened domestic retailers, driving them to change, adapt and play by international rules.
  
      
20161013-3.jpg
 
           
                          
                                  
                       
Jan-Sept investment pledged for IPs, EPZs in HCMC dives

Foreign direct investment (FDI) and domestic fund flow into industrial parks (IPs) and export processing zones (EPZs) in HCMC fell by a sharp 53.95% year-on-year in the January-September period, the HCMC Export Processing and Industrial Zones Authority (Hepza) announced at a meeting on October 11. Hepza said it has seen no sign of upswing for FDI investment in the final months of the year.

     
    
20161013-4.jpg
 
               
                            
                         





















 
                                  
                        
Japan ventures in realty

Japanese investors are continuing to influence Vietnamese real estate trends with the entry to the market of a new wave of investors. Japan’s Maeda Group, Daiwa House Industry, Nomura Real Estate Development, Sumitomo Forestry, Kajima Corporation, and Mitsubishi Estate are some of famous names that are targeting to Vietnam real estate market.
  
      
20161013-5.jpg
 
           
                          
                                  
                       
Foreign investor circle Vietnam's property market

Vietnam’s real estate market is showing signs of flourishing with international investors trying to secure a foothold in the market either through mergers and acquisitions or by forming joint ventures. According to JLL, transparency across Vietnam’s real estate markets has steadily improved over the last few years with better access to market information, increased availability of market data and improved enforcement of planning and land use regulations.

     
    
20161013-6.jpg
 
               
                            
                         





















 
                                  
                        
CapitaLand shakes hands with JLL Singapore

CapitaLand has appointed JLL Singapore as its sole marketing agent for D1MENSION, a luxury residential tower in Ho Chi Minh City.  Located in District 1, D1MENSION is close to shopping malls, cinemas, schools, office buildings, restaurants and medical facilities. The project is expected to be launched on October 22 in Singapore. Prices range from $350,000 to $500,000 per unit.
  
      
20161013-7.jpg
 
           
                          
                                  
                       
Khanh Hoa to have 6,000 more hotel rooms in next three years

The central province of Khanh Hoa is expected to have an additional 6,000 luxury hotel rooms between now and 2020, which will put more oversupply pressure on hoteliers in the locality. The extra rooms will raise the total number of hotel rooms in Khanh Hoa to 31,000, according to the Nha Trang – Khanh Hoa Tourism Association.

     
    
20161013-8.jpg
 
               
                            
                         





















 
                                  
                        
HCMC needs VND26 trillion to relocate households along canals

HCMC needs around VND26 trillion (US$1.17 billion) to relocate 20,000 households along canals in the city, which is a big headache for the cash-strapped city. Pham Phu Quoc, general director of HCMC Finance and Investment Co. (HFIC), said at a seminar on construction management, refurbishment, and urban development in HCMC last Friday that relocating slums along canals is an important part of the city’s urban renovation program.
  
      
20161013-9.jpg