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News Release

Vietnam

JLL Market Watch Week Feb 10, 2017

HCMC airport capacity to rise to 45 million passengers


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JLL: Vietnam's real estate has strong opportunities

Vietnam is a rising star in terms of real estate investment with strong opportunities in the office, residential and retail sectors, based on latest data released by real estate consultant JLL. According to Mr. Stephen Wyatt, Country Head, Vietnam, JLL, Vietnam is on the growth as increasing levels of FDI have been supporting strong economy across the country. Its big cities, HCMC and Hanoi, are at the forefront of the transformation as more people flock to its urban centers as new high-rise buildings change its skylines.
  
      
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Vietnam GDP to grow 5.1 percent a year till 2050: PWC report

PWC predicts continued economic growth for Vietnam until 2050 period, with annual GDP increase of 5.1 percent, on average. According to GDP, the report indicates that Vietnam would climb up to No. 29 in the world with GDP at 1.3 trillion USD by 2030, and would continue to rise until 2050 to become the 20th largest economy with GDP of USD 3.17 trillion. This global accounting firm also anticipates the country will grow on average 5.1 percent per annum, making it one the world’s most rapidly progressing countries.
  
      
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175 new projects get licenses in January

During January, 175 new projects were licenced with a total investment of USD 1.244 billion, a rise of 23 percent over the same period last year, according to the Ministry of Planning and Investment. While total disbursement of direct foreign-invested projects was USD 850 million, up 6.3 percent compared to that last year. In terms of sector, the processing reached the highest amount of USD 1.04 billion, accounting for 65.5 percent of total investment, followed by real estate with USD 314.8 million. In 37 province and cities, the largest investment of USD 696.3 million poured into Binh Duong, USD 201.2 million into HCMC, and USD 159.4 million into the northern province of Bac Giang.

     
    
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Decree on piloting granting e-visas for foreigners entering VN

The Government has issued decree on piloting granting e-visas for foreigners entering Viet Nam from 40 countries worldwide, which has come into effect since February 1, 2017. It will take 3 days to process an application for an e-visa valid for 30 days. Besides, the Government also makes a detail list of border gates allowing exit and entry through e-visas, including eight international airport terminals and seven sea border gates.
  
      
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Two overpasses to be built near Tan Son Nhat airport to reduce jams

Construction will commence next week on two overpasses, estimated to cost over USD 33 million, near Tan Son Nhat International Airport in HCMC to reduce traffic congestion around the overloaded airport. The first flyover will have a clearance length of 303.8 meters in the main branch running from Truong Son Street to the international terminal and a secondary, 153.8-meter branch leading to the domestic one. The second overpass with N-shaped will include three sections connecting Nguyen Kiem, Nguyen Thai Son and Hoang Minh Giam Streets, at a cost of USD 22.5 million.

     
    
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InterContinental Danang wins "Best Luxury Resort Worldwide"

The InterContine​ntal Da Nang Sun Peninsula Resort has recently been named as “Best Luxury Resort Worldwide” by Hotel of The Year Awards, which recognize and reward hotels and spas that deliver exceptional levels of service and world-class facilities to guests and set new standards within the global hotel and spa industry.
  
      
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Hanoi attracts USD366 million investment in January

Ha Noi has recently presented investment licences for 43 new projects worth USD 31.7 million, according to Department of Planning and Investment. The city has recorded 15 current on-going projects adjusted the investment capital to up over USD 334 million. In also the first month of 2017, the city granted business registration certificates for 1,414 newly-established enterprises with registered capital of USD 580 million, raising the total number of businesses operating in the city to over 209,500 firms.

     
    
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HCMC airport capacity to rise to 45 million passengers

Authorities have proposed an expansion plan for HCMC’s Tan Son Nhat Airport that will enable it to handle 45 million passengers a year. Two plots of military land measuring 21ha and 7.63ha will be handed over to expand Tan Son Nhat’s parking space to accommodate 96 aircraft at a time. The airport’s capacity is expected to go up to 60 million passengers a year but it will take 10 – 15 years to move 140,000 households and cost around VND 200 trillion.

     
    
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Bà Rịa - Vũng Tàu licenses eight projects

The People’s Committee of the southern coastal province of Ba Ria–Vung Tau announced eight investment certificates to domestic and foreign projects with a combined capital of USD 470 million. Heineken Viet Nam Brewery Vung Tau Joint Stock Company adjusted to expand of a USD 185-million. Other projects include a steel plant, worth more than USD 38 million, invested by Steel Corporation Pomina 2, and a USD 97-million glass plant financed by the Nam Viet Hung Construction Corporation, a float glass factory project in the Phu My 2 IZ, with a total investment of USD 108 million by IDICO and Viglacera.
  
      
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Thailand invests USD 7.7 billion in Vietnam

According to Foreign Investment Agency (FIA), Thailand has invested USD 7.7 billion from 440 projects in Viet Nam to become the country’s tenth largest investor. Now, Thai investors are turning their attention to industrial infrastructure and retail sectors, namely a joint venture project between Amata VNPCL of Thailand and Sonadezi Bien Hoa in the infrastructure sector and a project of MM Mega Market Co, Ltd in HCM City, with a capital of USD 36 million.
  
      
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