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News Release

Vietnam

JLL Market Watch Week Mar 06, 2017

JLL has launched VR360 Services, a new technology application that allows clients to watch their real estate projects take shape from anywhere in the world.


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Number of new firms increases in first two months

According to the General Statistics Office (GSO), some 14,450 firms were newly established in the country in the first two months of this year, an increase of 3.9 per cent year on year. Particularly, the real estate industry was up 43.4 per cent in number of new firms and 63.8 per cent in newly-registered capital.
  
      
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Samsung Display gets license to invest USD2.5 billion more in Vietnam

Samsung Electronics Co Ltd's display panel subsidiary has received a license to invest another USD2.5 billion in Vietnam to boost capacity, boosting its total investment in Vietnam to USD6.5 billion and increase the South Korean firm's screen-making capacity to 220 million products a year from 180 million now.

     
    
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Lotte builds a second mall in Vietnam

Recently, Lotte Group has announced a second shopping mall in Hanoi: Ciputra Hanoi Mall. The construction is to begin in the second quarter, located on 7.3 ha within the approximately 200,000 sqm complex, including a department store, a supermarket and a cinema, all to be directly operated by Lotte affiliates.
  
      
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JLL introduces virtual reality tool for real estate design and build

JLL has launched VR360 Services, a new technology application that allows clients to watch their real estate projects take shape from anywhere in the world. New technology enables clients to track the progress of their build closely, identify any problems, and highlight potential issues that may impact the future fit-out or design.

     
    
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Foreign investors keen on retail sector

A large number of foreign investors are expressing their keen interest in Vietnam’s retail market, according to the latest report of The Economist Intelligence Unit (EIU). Local consumer spending is forecast to rise sharply in the next five years as Vietnam has a population of around 94 million people, one-third of them aged under 35. In addition, the city’s per capita spending is expected to rise from USD1,450 last year to USD1,840 in 2021.
  
      
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City aims for high-quality low-cost housing
Low-cost housing projects planned by the municipal administration should have the same quality of construction and infrastructure. According to HCMC Real Estate Association, the city would develop 39 projects with 45,000 condos up to 2020. About 20 per cent of this will be for lease, 60 per cent will be paid for in installments and 20 per cent will be sold outright.

     
    
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Hanoi's CPI rises by 7.1% thanks to services revenue increasing

According to the Hanoi Statistics Office, Hanoi’s retail and service revenue in the first two months of this year amounted to USD16.4 billion, an increase of 7.1 percent from the same period last year. The consumer price index in February increased slightly against the previous month, citing that prices this year changed little due to the early opening of supermarkets and commercial centres, which stopped the typical post-Tet scarcity of goods.

     
    
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Hanoi to upgrade pedestrian streets

Ha Noi’s People’s Committee has implemented measures to improve the pedestrian streets around Hoàn Kiếm Lake. Pedestrian zones officially is expected to open on September 1, operating from Friday night to Sunday night, from 7pm to 12pm in summer and from 6pm to 12pm in winter. All shops and bars in this zone will be allowed to remain open until 2am.
  
      
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Vietnamese citizens can travel to 48 countries and territories without visas

According to the newest released Passport Index report, Vietnamese citizens can travel to 48 countries and territories without visas. The report also shows that the Vietnamese passport was ranked 76th among the world’s most powerful passports.
  
      
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