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News Release

Vietnam

JLL Market Watch W51 2016


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Vietnam forecasts record 2016 US$15 billion foreign investment

Vietnam forecasts disbursed foreign direct investment to rise to a record USD 15 million by the end of this year. The country may have a trade surplus of USD 2 billion to USD 3 billion, with exports likely rising 8 percent and estimated economic growth may reach 6.3 percent in 2016.

     
    
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IPP Group seeks investment in Tan Son Nhat airport

The Imex Pan Pacific Company Limited (IPP Group) has been sent a proposal to the Ministry of Transport (MoT) for the project implementation of the construction and investment in expanding the airport terminal system at Tan Son Nhat International Airport. Its serviced capacity is around 10 million passengers per year, bringing the total exploitation capacity of the airport up to 40 to 50 million passengers per year.

     
    
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New urban are planned for Hanoi's north-west

The Hanoi People’s Committee has issued a decision adjusting the planning for the new urban area in Me Tri, Trung Van and Phu Do wards in Nam Tu Liem District with the total land area affected is 750,296 square meters. Beside to low- and high-rise buildings are located in the south-west and eastern areas, the community areas will include the public buildings, schools and recreation spaces as well as mixed-use commercial services and hotels.
  
      
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Hospitality real estate will soar in 2017

Hospitality property continues to be the segment with the highest potential in 2016 and into 2017, according to "Vietnam’s Real Estate Market 2016-2017: Overview and Forecast" conference. A plenty of hospitality projects were launched this year, accounting for 10 per cent of the total projects. Investment in the hospitality real estate segment is the trend and results in big benefits for investors in Vietnam. In particular, the country will host the Asia Pacific Economic Cooperation (APEC) summit in Da Nang next year that will be another opportunity for developing the segment.
  
      
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VinaCapital. partners to open US$4 billion Vietnam casino project in 2019

Vietnam-based asset management firm VinaCapital and its Hong Kong and Macau joint venture partners have set a timeline for the long-stalled USD 4 billion tourism and leisure project Nam Hoi An, re-branded as HOIANA. The resort and casino complex development is expected to launch the first phase in Q1, 2019, including a 445-room hotel, 200 apartment-suites for sale on a buy-to-let basis operated by Hong Kong’s New World Hotels and a variety of recreation facilities as well.

     
    
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Hotel Okura to open luxury hotel in Ho Chi Minh in 2020

Hotel Okura Co., Ltd. announced that it has collaborated with the Saigon Trading Group (SATRA) to develop The Okura Prestige Saigon, which will be the third property in Vietnam managed by Okura Nikko Hotel Management following Hotel Nikko Hanoi and Hotel Nikko Saigon operated under the Nikko brand. The 40-story commercial complex is developed on the site of the former Saigon Tax Trade Center, situated in District 1, including 250 guest rooms, Japanese restaurants, multipurpose internal amenities, and is expected to open officially in 2020.
  
      
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Walk this way: Hanoi to extend pedestrian zone trial through first half of next year

According to Mr. Nguyen Duc Chung, the chairman of Hanoi People’s Committee, a pedestrian zone in the heart of Hanoi has been on trial for the past four months and the city is decided to expand it from January 1 to June 30, 2017.

     
    
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City approves project to build underground parking lot beneath Saigon Zoo

The underground parking lot of the central city has recently approved. The one-hectare lot with the capacity of 3,000 motorbikes and 100 cars will be built beneath the Saigon Zoo and have an entrance on Nguyen Thi Minh Khai Street. Until now, there is neither set official date to begin the project’s construction nor a timeline for when the parking lot will be complete.
  
      
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Central city Danang plans central square

Central Da Nang city is planning to build a 4.4ha Central Square in the city’s downtown that will serve as a landmark tourism attraction, shopping and public entertainment site. The project would cost around USD 31 million. According to the city’s construction department, a design contest has been launched challenging domestic and foreign companies to create the concept in a ‘green’, peaceful and friendly style.

     
    
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