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News Release

Vietnam

JLL Market Watch Week Oct  30, 2017

by JLL


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1. Viet Nam to reach year’s GDP goal
Viet Nam’s GDP achieved 6.41 per cent over the last nine months of the year, with growth on the momentum again, after a disappointing first quarter, said the Prime Minister. Such positive growth shows that the economy restructuring, in line with the reform in growth model, is starting to take effect, as (Viet Nam’s economy) gradually becomes less dependent on natural resource exploitation, especially oil and gas.

2. Officetels, condotels need regulations
The HCM City Real Estate Association (HoREA) has urged the Government to ensure condotels and officetels are not used primarily as apartments, warning that would cause problems for urban planning and infrastructure and transport. HoREA chairman Lê Hoàng Châu said there are no design standards for projects that include both apartments and officetels-condotels. In projects combining apartments and officetels-condotels, the latter should be in a specific area and separated from the apartments.
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3. Bac Ninh Attracts FDI into Hi-Tech Industries
In the trend of international economic integration, Bac Ninh always determines that foreign direct investment ( FDI) is an important factor. According to Mr Nguyen Dinh Xuan, Director of Department of Planning and Investment of Bac Ninh province, the investors come from 32 countries and territories and Korea has become the leading investor with 69 projects, with total registered capital after adjustment of US$9.15 billion.
4.  Saigon's Annual Per Capital Income to Reach $9,800 by 2020: Official
Saigon’s impressive economic growth might help its residents achieve US$9,800 in average annual income soon. From 2011 to 2015, Saigon’s gross regional domestic product (GRDP) grew at a steady rate of 9.6% per year, 1.66% higher than the national average. A transition from agriculture to industry and services will see Saigon grow further from 2016 to 2020 at a rate of 8.5% annually, Deputy Chairman of the Ho Chi Minh City People’s Committee Tran Vinh Tuyen said.

5. Quảng Ninh promotes Vân Đồn airport​
The province urged Van Don Investment and Development Jsc - Sun Group, the project’s investor, to complete legal procedures to put the airport into operation and actively cooperate with carriers such as Vietnam Airlines and Vietjet for support and consultancy on the first flights. In addition, the developer must study and raise policies to encourage carriers to start flights to Van Don. The airport started construction in 2015 under the build-operate-transfer model with total investment of VND7.5 trillion (US$329 million), of which the province invested VND700 billion for land clearance.
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