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News Release

Vietnam

JLL Market Watch Week Jan 01, 2018

By JLL


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1. Real estate M&As 2018: golden time for foreign capital
The Vietnamese market has been witnessing a second M&A wave since 2015 and it will continue in 2018. First, the equitization of state-owned enterprises has accelerated. Second, the market now sees a strong rise of many private businesses and Vietnamese enterprises making M&A deals. JLL’s investment director Nguyen Thi Van Khanh said foreign investors will be the major driving force for the M&A deals in the time to come, especially those from Asia, including Thailand, Japan and Singapore.

2. Infrastructure lifts south HCMC property market
Southern HCM City is becoming very popular with property developers thanks to the many infrastructure works planned for the area. The Viet Nam Highway Investment Corporation is now speeding up the last three contract packages for the Ben Luc – Long Thanh Highway so that it can open to traffic in 2020. It will link up with the national highway system and Long Thanh International Airport. The rapid infrastructure development has attracted many housing projects, hospitals, schools and malls.
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3.  Booming Airbnb service puts pressure on hotels in Vietnam
Three-star-hotels are affected the most because they focus on the same market as accomodation-sharing services. The rising number of people visiting Vietnam has created the momentum for growth in the accommodation-sharing businesses, according to experts. Vietnam is on track to receive 12.8 million foreign tourists this year, up 28 percent against 2016, having already broken the record of more than 10 million.

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