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News Release

Vietnam

JLL Market Watch Week May 08, 2017

Investors are increasingly shifting their focus to emerging-market destinations such as India, China, Vietnam and the Philippines.


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1. The industrial asset challenge in Asia Pacific
According to Pelham Higgins, Director of Industrial Capital Markets for Japan and South Korea at JLL, “Investors are increasingly shifting their focus to emerging-market destinations such as India, China, Vietnam and the Philippines. Besides the growth of e-commerce fulfilment centres, investors are also seeking opportunities in smaller units designed to cater to last-mile deliveries. Across the region, the ongoing structural shortage of modern logistics facilities will continue to boost demand, making industrial real estate one of the most favoured asset classes.

2. The Success of Investors is the Success of Khanh Hoa
In the eyes of investors, Khanh Hoa is one of the provinces with impressive acceleration in socioeconomic development.  Specifically, the economy has grown stably, with gross regional domestic product (GRDP) rising 5.86 per cent a year, of which GRDP by sector climbed 5.97 per cent. GRDP per capita reached VND47.03 million in 2016, an increase of 1.25 times over that in 2013. The economic structure was shifted towards an expected pattern, with a rising share of service, industry and construction, and a declining share of agriculture, forestry and fishery.

3. Japanese manufacturers view Vietnam as key destination
Japanese manufacturers regard Southeast Asia as the most important region for their business but are wary about labor shortages and pollution, according to a recent survey by Japan’s Mizuho Research Institute revealed to Nikkei. The survey was conducted in February on Japanese manufacturers capitalized at 10 million Japanese Yen or more. It received valid responses from 1,121 companies

4. Over 13,000 new firms set up in April: GSO​
As many as 13,102 new enterprises were established in April, the highest figure in the past 12 months, representing a month-on-month rise of 8.9 percent, according to the General Statistics Office (GSO). According to the GSO, total registered capital of the firms set up in April was 4.3 billion USD, a fall of 17.1 percent from the previous month​.

5. Knock-on effects of Can Gio growth​
An influx of transport and real estate projects planned for Can Gio has created a land fe​​ver in this island district. Alongside with expectations of what the turnaround could do for one of poorest areas in Ho Chi Minh City, many experts have raised concerns about the environmental threat​s that come with such a development.
6. Four-month trade records robust performance
According to the Ministry of Planning and Investment’s Department for Industrial Economics (DIE), in the year’s first four months, the country’s trade picture remained quite bright, with imports and exports of both local and foreign firms rising. Specifically, the country’s total import turnover reached more than USD 64 billion, up nearly 25% y-o-y, and the total export turnover reached more than USD 61.34 billion, up 15.4% y-o-y.

7. Phú Quốc to be ‘smart city’ by 2020
The Kiên Giang Province People’s Committee has approved making Phú Quốc a smart city by 2020. The project will be based on the Việt Nam Post and Telecommunications Corporation (VNPT)’s information communications technology infrastructure and the province’s e-governance to develop Phú Quốc island into a smart, hospitable and safe city that attracts tourists, improve the quality of services available to local residents and tourists and urban management.
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8. More than 1.1 bln USD worth of G-bonds raised in April
The Hanoi Stock Exchange (HNX) raised VND 25.083 trillion (USD 1.103 billion) worth of government bonds, down 23.9 percent from March during 18 bidding sessions last month. The five-year bonds offer an annual interest rate of 5.1-5.22 percent while seven-year ones yield 5.43-5.48 percent, up 0.12 percent and 0.05 percent from March, respectively.
9. Dong Nai earns over 5.2 billion USD in export in four months
Dong Nai shipped USD 5.2 billion worth of goods abroad in the period from January-April, up 12.8 percent from the same period last year. The locality also imported USD 4.8 billion worth of goods in the period, according to the provincial Department of Industry and Trade. The trade surplus can be attributed to local businesses’ efforts to seek domestic supply of materials and goods.