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News Release


JLL Market Watch Week Nov 06, 2017



1. Realty M&A picks up foreign interest
Mergers-and-acquisitions in Vietnam in this year’s first nine months has seen continuously strong momentum, with a number of key transactions in commercial and residential sectors. The ledger of merger-and-acquisition (M&A) cases was full, with 11 big M&As involving well-known firms such as FLC, Keppel Land, and VinaLand. According to JLL, the residential segment remains the most attractive for both buyers and sellers. Apart from this, investors are now averting their attention to commercial Grade A office properties and hotels, which offer investment returns of 7-8%.

2. Ten-month FDI grows 37% to $28 billion
Some US$28.24 billion in foreign direct investment (FDI) was poured into Việt Nam between January and October, representing a year-on-year increase of 37.4%.Foreign investment was concentrated in 19 fields, with the processing and manufacturing industry ranking first with $13.75 billion, accounting for 48.7 per cent of total investment. Electricity production and distribution came second with $5.63 billion, followed by real estate with $2.04 billion.
3. 10-month inflation rises but still under control
The consumer price index (CPI) in October rose 0.41 per cent from the previous month and 2.98 per cent year-on-year, according to the General Statistics Office (GSO). That meant the average CPI for the last 10 months rose 3.71 year-on-year – the highest growth rate in the last three years. It was up 2.25% from December 2016. the inflation rate of 3.71%  is still below the expected level for 2017, which is estimated at 4 %.
4.  VN retail forecast to grow steadily
Việt Nam’s retail sector is forecast to be stable in the coming years, attracting investment from many foreign enterprises thank to its large population, brighter economic outlook and greater purchasing power. Consumer spending is on the rise thanks to an increasingly open economy with rising employment, business and income opportunities. Việt Nam is currently ranked the sixth largest economy in the ASEAN region, following Singapore, Malaysia, the Philippines, Indonesia and Thailand.

5. Phu Quoc to Transform Old Airport Into New Urban Zone
The leadership of Phu Quoc has unveiled a plan to turn the island's old airport into a new urban area. Accordingly, the 78.9 hectares which makes up Phu Quoc's former airport will be transformed into a neighborhood featuring an administrative center, shopping mall, office buildings, hotels and apartment blocks. Under the development plan, 9,000 square meters of the urban area will be reserved for trees, parks and gardens, while another 4,000 square meters will include a wastewater treatment plant, power station and communication center.
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6. Tiên Sa Port gets fund to expand
The central Đà Nẵng City’s Investment and Development Fund has agreed to provide a US$7.9 million loan to the Đà Nẵng Port joint-stock company to upgrade and expand the Tiên Sa Port.
Director of the port, Nguyễn Hữu Sia, said that the 13-year loan was to fund the building an international standard logistics centre in Việt Nam, the loan was just 20 per cent of total investment capital ($49.3 million) needed to complete upgrading the port during the next two years.
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7. Trade surplus of $1.23 billion in 10 months
Việt Nam witnessed a trade surplus of $1.23 billion so far this year, according to a report from the General Department of Customs. In October alone, the report revealed that the import and export value was estimated at $37.9 billion, lightly increasing by 0.8 per cent, as compared to September. The export value was $19.4 billion and the import value was $18.5 billion, up 0.3 per cent and 1.4 per cent, respectively, making trade surplus of US$900 million in October.​
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