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News Release

Vietnam

JLL Market Watch Week Mar 13, 2017

Bloomberg Page noted that Vietnam to be listed among the fastest growth economies in the world in 2016. The country’s economy has seen steady growth at almost 7% last year.





















 
                                  
                        
Vietnam is among top 10 fastest growth economies in 2016

Bloomberg Page noted that Vietnam to be listed among the fastest growth economies in the world in 2016. The country’s economy has seen steady growth at almost 7% last year while the world’s largest emerging economies such as Russia, Brazil and China are slowing down. The Government continues to set target to maintain macroeconomic stability while controlling inflation.
  
      
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Bien Hoa - Vung Tau expressway to be constructed under BOT form

More than VND8.2 trillion will be invested to build the first stretch of an expressway connecting Bien Hoa City of Dong Nai Province and Ba Ria-Vung Tau Province with a total length of 38 km will be developed under Build-operate-transfer (BOT) format. It would complete procedures to begin work on the project in 2018.

     
    
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Airports' agency wants USD1.36 million investment

The Airport Corporation of Viet Nam (ACV) has proposed an investment plan of USD1.36 million for the period of 2016-20. ACV will focus on investment projects to improve road system access to airports, and equipment systems and also aims at expanding parking spaces at Tan Son Nhat, Da Nang and Noi Bai and other airports.
  
     
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Vietnam has the Fastest-Growing Ultra-Rich Population in the World

According to Knight Frank’s 2017 Wealth Report, Vietnam is home to the world’s fastest-growing population of ultra-rich individuals. Between now and 2026, the researchers project Vietnam’s number of ultra-high net worth individuals will grow by 170% to reach 540 people, and the population of millionaires will rise from its current 14,300 to 38,600. In Saigon alone, there are 5,900 millionaires, 260 multimillionaires and 90 ultra-high net worth individuals.

     
    
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Bac Ninh gives nod to USD100 million project

Bac Ninh Province granted an investment certificate to a USD100 million project by South Korean firm Hanwha Techwin Security Company, which specializes in manufacturing electronic circuits, semiconductors, chips, computers and cameras. The project will be built on a 6ha plot in Que Vo Industrial Park. In the first two months of this year, the province has attracted USD2.7 billion in FDI.
  
      
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Hai Duong attracts USD128.6 million in foreign investment
The northern province of Hai Duong has attracted USD128.6 million in FDI in the first two months of 2017, up 8.4 times compared to the same period last year. In February, the province granted a license to seven foreign investment projects with a registered capital of USD89.2 million, and adjusted four ongoing ones in the industrial zone, adding another USD39.4 million.

     
    
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Vietnam's February car sales rise 50 pct

Vietnam’s automobile sales in February jumped 50 percent from a year ago to 17,621 units, Vietnam Automobile Manufacturers’ Association said in a report published. A growing middle-class population, rising disposable incomes and falling tariffs on cars imported from neighboring countries in Southeast Asia appear to be driving Vietnam’s car market.

     
    
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Real Estate deals stall in February

The construction ministry’s Management Agency for Housing and Real Estate Market has announced that real estate transactions slowed down in February. Namely, Ha Noi recorded 850 transactions, down 34.6 per cent from January, mostly in the mid- and high-end apartments segment, and HCMC saw around 900 successful deals, down 35 per cent m-o-m. The property market is expected to remain stable this year owing to the state’s macro-economic policies.
  
      
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Dong Nai revokes 40 delayed, abandoned FDI projects

The Industrial Zone Management Board of southern Dong Nai Province has revoked investment permits granted to 40 FDI projects that have been abandoned or delayed for a long time with a total investment of over USD300 million. Since 2017, the board will review the status of projects located in industrial zones, adding the investment permit of any project that exceeded the 12-month limit set for disbursement will be withdrawn.
  
      
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