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News Release

Vietnam

JLL Market Watch Week Dec 11, 2017

By JLL


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1. Thu Thiem’s land prices forecast to rise 30-35%
JLL said prices of residential units in the peninsula are currently 30-35% below District 1’s levels. Meanwhile, in Shanghai, apartment prices in Pudong new center are 43% above the old central business district of Puxi, and Bonifacio prices are the same as Makati in the Philippines. Over time, the consultant expected Thu Thiem to follow a similar trend. Many overseas investors from China, Malaysia, Singapore, South Korea and Japan have expressed interest to invest in the peninsula. They are hunting for good investment opportunities in Thu Thiem at a reasonable land price through acquisition or joint venture with local partners. 

2. Van Don int’l airport to be operational in 2018’s Q2
The Van Don International Airport in the northern province of Quang Ninh, the first airport invested by a private business in Vietnam, is scheduled to be operational in late June 2018, instead of in late March as previously announced. The airport, on Van Don Island, was invested with nearly 7.5 trillion VND (330 million USD) by property developer Sun Group. The airport’s 3.6km runway is nearly complete and the developer is hastening construction of other works to put the airport into operation. 
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3. HCM City sets ups plans for street vendors
HCM City authorities have announced plans to revamp 159 streets to create space for street food vendors there following a successful three-month trial of street vendor “markets” on Nguyễn Văn Chiêm Street and Bách Tùng Diệp Park in District 1.
It would have some 20 stalls, mainly run by poor street vendors living in the district. After a three-month trial, district authorities would create more food streets elsewhere, he said.
4.  E-commerce growth among world's highest​
E-commerce now accounts for 4.6 per cent of all fast-moving consumer goods (FMCG) sales globally. While e-commerce is growing, however, the FMCG market as a whole is sluggish, increasing just 1.3 per cent during the same period. E-commerce now contributes to a record 36 per cent of global FMCG growth and will continue to outpace growth in offline FMCG retail.“Our projections show that in 2025, online FMCG will be a $170 billion business and hold a 10 per cent market share,” said Mr. Stéphane Roger, Global Shopper and Retail Director at Kantar Worldpanel.

5. HCMC: Real estate firms outnumber other sectors
In January-November, nearly 37,600 enterprises were set up with total registered capital of VND500.8 trillion (US$22.04 billion), up 14.1% and 87.9% year-on-year respectively. The number of enterprises in wholesale and retail, and automobile and motorcycle repair sectors ranked second with 15.7%, followed by construction firms with 12.1%, and those specializing in science, technology, consulting, design and advertising with 6.8%.​
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