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News Release

Vietnam

JLL Market Watch Week July 17, 2017

By JLL


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1. JLL: Real estate M&A to reach record levels in 2017 & 2018
JLL observed that there are hundreds of millions of dollars waiting to be poured into most segments of the real estate market, including residential, office, retail, hospitality and industrial. Investors are from countries such as Japan, South Korea, and Singapore, with an increasing number of groups from mainland China. Due to the strong focus on Vietnam from regional investors, JLL expects M&A activities to reach record levels in 2017 and 2018.

2. HCMC adjusts planning schemes for industrial zones
HCMC is adjusting its industrial development strategy until 2020, including removing zoning plans for delayed industrial parks and downsizing the scale of industrial complexes in a bid to speed up investment projects and lure more investment. The city also decided to slash the total number of 30 industrial complexes covering an area of 1,900 hectares to six complexes with an area of 331 hectares.

3. Hanoi to auction 6,000 ha of land for urban railway
Hanoi plans to auction 6,000 ha of land in order to build ten urban railway lines from now to 2030. According to its transport plan to 2030 and vision to 2050, approved by the Prime Minister, the city will build ten urban railway lines with a total length of 417.8 km worth over USD 40 billion. The first train and La Khe Station on the Ha Dong- Cat Linh line opened to public viewing in May. The line will have 12 stations and one depot and some 90% has been completed.

4. Firms are optimistic about Q3 outlook
A survey by the General Statistics Office has revealed that that 52% of firms operating the domestic processing and manufacturing sector expect business to improve in the third quarter of this year. In addition, nearly 36% foresaw stable business while only 12% forecast local business would be weaker. Findings also forecast that trends in production and business would follow a stable, upward third quarter trend. Statistics showed that 53.4% expect increases in production and 47.7% anticipate increases in new orders in the next quarter.
5. Quang Ngai attracts projects worth USD 2.81 billion in H1
Dung Quat Economic Zone and industrial zones in Quang Ngai Province attracted eight projects with a total investment of USD 2.81 billion in the first half of this year, according to the provincial People’s Committee. To date, there are 140 valid projects in the Dung Quất Economic Zone with total registered capital of USD 10.31 billion, 90 of which are already put into operation. The province is expected to draw USD 13.5 billion into the Dung Quất Economic Zone by 2020, which would create some 35,000 jobs for the central province.

6. Commercial banks lower loan interest rates
Following the State Bank of Vietnam cut the interest rate of short-term loan for some prioritized sectors, some commercial banks in HCMC have reduced loan interest rates. For example, Agribank offers the interest rate of 6.5% a year for short-term loans and 8% for medium and long-term ones for prioritized people, VPBank also announced a decreased loan interest in short term for small and medium enterprises, down by 0.5-1 percentage points, LienVietPostBank cut 0.25 percentage point for loans of all terms for enterprises with healthy activities.
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7. Vietnam exports over USD 16 billion goods to US
Vietnam shipped to the US USD 16 billion worth of commodities in the past five months of this year, up 10% year on year while its imports from the partner reached USD 3.94 billion, up 26.3%. The figures, released by the Ministry of Industry and Trade, combined a two-way trade value of USD 19.96 billion during the period, rising by 12.8%. ​
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