Real estate market conditions

Existing factors in the market, especially strong FDI inflow, all are supporting the prosperity of the industrial real estate market. According to JLL Vietnam, five leading industrial real estate markets in the southern region all had high occupancy rates, 81 percent on average in the second quarter of the year. HCM City, Binh Duong and Dong Nai were the three biggest markets. A report of the Ministry of Planning and Investment shows that in H1, the FDI capital in industrial zones and economic zones reached $8.7 billion, while the demand for industrial real estate surged significantly as a result of the US-China trade war. Meanwhile, Foxconn (Taiwan), Lenovo (China), Nintendo, Sharp, Kyocera and Asics (Japan) are considering moving. Savills’ report says that Vietnam’s industrial real estate sector is thriving because of the impacts of FTAs. Of these, CPTPP, set up in January 2019 and Vietnam-EU (EVFTA), signed in June 2019, both have helped attract more investment … [Read more...] about Industrial real estate thrives on FDI increase

Tran Thap Kieu Quan, CFA Head of Fixed Income, Eastspring Vietnam Eastspring has since built an unparalleled on-the-ground presence in 11 Asian markets as well as distribution offices in North America and Europe. Eastspring Vietnam, formerly known as Prudential Vietnam Fund Management Company, was established in 2005 and re-branded in 2011. Eastspring Vietnam applies a long-term value-oriented investment philosophy to its investment funds and portfolios for both institutional and retail clients who are domiciled both offshore and onshore in Vietnam, with total assets under management currently exceeding around VND100 trillion ($4.34 billion). Promising corporate debt market Vietnam’s domestic bond market has grown substantially since 2012. By 2018, its size had more than doubled, equalling 39 per cent of the country’s GDP. The corporate bond market has also expanded almost five-fold in this time, hitting $6.2 billion by 2018. This expansion has not only been driven by … [Read more...] about Invested in the future of corporate bond market

RICS-Spacious report indicates continuous decline in prices, sales volumes and rentsHONG KONG, CHINA - Media OutReach - 19 September 2019 - Amidst trade tensions between China and the U.S., Hong Kong's political unrest has continued to dampen market sentiment. According to the newly published RICS-Spacious Hong Kong Residential Market Survey, Confidence Index continues to fall from -54 in July to -76 in August. The survey also indicates that both buyer and rental demands have reported significant deterioration, with rental demand recording its first negative reading in the survey's history. During the most intense period of protests, nearly 70% of respondents have cited some degree of price decline over the past three months. Prices, sales volumes and rents are expected to dwindle in the near-term. Aggregate prices are expected to fall 4.6% across Hong Kong, sales volumes are seen slipping 5.3% and rents 2.5%. The market outlook prediction seems to be a significant reversal since … [Read more...] about Civil unrest stalling Hong Kong’s housing market over the coming year

At the opening ceremony, Mr. Nguyen Thanh Phong, chairman of HCMC People’s Committee, said that industrial processing and manufacturing industry is considered as key economic industry of the city. The city has implemented several solutions to support and create favorable conditions for enterprises in this field to develop. Of which, investment stimulation program is for supporting industry sector only, hereby helping enterprises to invest in upgrading machinery and equipment and improving competitiveness. However, he also said that, in order to participate deeply and sustainably into global supply chain, domestic enterprises need to improve productivity, upgrade technology towards environmental protection. The city will increase activities to promote and connect supporting industry enterprises in the city with end-to-end and foreign direct investment enterprises to create conditions and opportunities for the city’s supporting industry to develop. So far, the city has … [Read more...] about HCMC supporting industry seeks market, cooperation

Prime Minister Nguyen Xuan Phuc (R) and USABC Chairman Keith Williams (Photo: VNA)    Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has affirmed the Vietnamese government’s determination to reform the country’s business environment and provide all possible support for foreign enterprises, including those from the US, to do business in Vietnam. During a reception in Hanoi on December 12 for a delegation from the US-ASEAN Business Council (USABC) led by its Chairman Keith Williams, PM Phuc said he himself and ministers have always paid attention to approving and accelerating the implementation of major US projects in Vietnam. Lauding the US as one of the most important partners of Vietnam in various areas, he said Vietnam is always sincere, straightforward and open with US enterprises. Mentioning Vietnam’s goal of achieving a balanced trade with the US, the PM suggested that the USABC should play a greater role in promoting bilateral ties and the … [Read more...] about PM promises to create optimal conditions for US enterprises