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News Release

Vietnam

JLL | Market Watch Sep 25, 2017

by JLL


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1. Da Nang foreign investment surges
The central city has attracted 43 new foreign direct investment (FDI) projects worth US$60 million in the first eight months this year, 4.6 times the amount in the same period last year, In addition, five FDI projects increased their investment capital by a total of nearly $900,000. The city now has 461 FDI projects worth more than $3.6 billion, mostly in tourism, services, property and industry.​

2. CapitaLand agrees to buy Asia Square Tower 2
Singapore real estate company, CapitaLand Commercial Trust, has agreed to buy Asia Square Tower 2, part of a world-class commercial development in Singapore's Marina Bay business and financial district. Real estate consultancy JLL advised on the transaction on behalf of the seller, BlackRock Asia Property Fund III. The sale represents the largest office transaction in both Singapore ​and the Asia Pacific region in 2017​​​​​​ and is the second largest office transaction globally this year.
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3. Final segment of Vam Cong Bridge to be placed
The final segment of the Vam Cong Bridge in the Mekong Delta region is expected to be completed on September 29. The 2,970m-long structure spanning the Tien river connecting Dong Thap Province and Can Tho City was kicked off in September, 2013. It has four lanes for motorized vehicles and two others for non-motorized ones, allowing for a maximum speed of 80km/h. The bridge has a total investment capital of VND 5,700 billion (US$271 million) funded by South Korea’s official development assistance (ODA) loans and Vietnam’s reciprocal capital.
4.  Vietnam spends $174 million on auto import per month
Vietnam spends an average of US$174 million on importing 8,186 automobiles a month, according to the General Department of Vietnam Customs. During the first eight months this year, the country imported 65,485 completely built up automobiles with the total value of $1.39 billion, down 5 percent in volume and 12.8 percent in value over the same period last year.

5. HCM City tackles traffic woes
In Bình Thạnh District, land clearance activities for the Đài Liệt Sĩ traffic interchange to Điện Biên Phủ Street are now being carried out, with the aim of building a tunnel and widening the road. The project is expected to solve the traffic burden at the northeast gateway of the city.The tunnel will be 450m long and 9m wide. A feasibility plan to build the tunnel has been created and it is set to be completed in 2019. In other areas, construction of tunnels has begun.
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6. Nghe An to get US$440.5 million resort complex
Property developer FLC Group has proposed its intention to build a VND10 trillion (US$440.5 million) FLC Beach & Golf Resort in the central province of Nghe An’s Nghi Loc District. According to the investment plan, the complex would cover an area of 460ha and include 24 international standard constructions of 18-hole golf courses, a hotel and condotel with 1,000-2,500 rooms, a 1,000-seat international convention centre, villas, a shop house, a park, adventure sports and camping.
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7. Van Don to get US$220 million resort complex
Van Don, a rural district of Quang Ninh Province in the northeastern region of Viet Nam, may soon see a VND5 trillion (US$220 million) resort complex. This will include a hotel complex of 5,000 rooms, a water park, shopping centres and a shop house, as well as docks and a public beach. The project is expected to take shape during the 2018-22 period
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