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News Release

Vietnam

JLL Market Watch Week May 15, 2017

Recently, The Ministry of Construction has allowed the Dat Lanh Real Estate Company to temporarily apply the minimum areas of 25 sqm for its commercial apartments.


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1. Construction Ministry approves smaller apartments
Recently, The Ministry of Construction has allowed the Dat Lanh Real Estate Company to temporarily apply the minimum areas of 25 sqm for its commercial apartments. However, the apartments should still ensure enough living space for low-and-middle income earners in big cities, especially in industrial parks.

2. Saigon's Metro Line 1 Might Extend Into Binh Duong and Dong Nai
Authorities from Binh Duong has worked with a Japanese research team to study the possibility of stretching the mass transit system into the province. The researchers proposed a three-part extension: a 2km stretch from Suoi Tien to Nut Giao in the first phase, followed by additions to Binh Duong and Dong Nai from there. The total cost of the project is estimated at USD 935 million.

3. Nghe An: FLC to invest in USD 220 million resort complex
Property developer FLC Group plans to invest in a USD 220 million resort and entertainment complex in Nghi Loc District, Nghe An Province. Covering an area of 570 ha, the complex will have a five-star hotel with 1,000 rooms, a seaside resort, villas and golf courses, and a 1,500 seat international conventions and entertainment area. It is expected to promote the district’s tourism in particular and the province in general​.

4. Mekong Capital invests USD 7.6 million in Ben Thanh Jewellery
Mekong Capital has invested USD 7.6 million in Ben Thanh Jewellery JSC, marking its second investment in a jewellery firm in the country after Phu Nhuan Jewellery. The new fund infusion helps Ben Thanh Jewellery build on its existing retail brand to launch a new fine jewellery retail chain in Vietnam called PRECITA.
5. Da Nang approves first-ever dairy project
The central city has approved its first-ever dairy farm on 124 ha in Hoa Phong commune in Hoa Vang district. It’s the third Vinamilk dairy farm in the central region, after Lam Dong in the Central Highlands and Binh Dinh Province. The diary plant will be built with an investment of USD 26.5 million, and develop a herd of 4,000 dairy cows in 2017-20 and supply 40 tonnes of fresh cow’s milk for the plant each day.

6. Master scheme on Vung Tau city adjusted
Nearly, The Prime Minister has ratified adjustments to the development planning of Vung Tau city by 2035. The planning aims to convert Vung Tau city into a national  centre of tourism, finance, and trade of regional and international standards. It also sets to propose development orientations on ecological farming and high-tech centers as well as become an environmentally friendly city.
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7. Binh Duong records four-month trade surplus
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.