Stable growth, an increase in incomes and high demand for real estate products have together created favourable opportunities for overseas investors in Vietnam’s real estate, a Ho Chi Minh City conference heard last week. The Auscham-hosted event touched on many areas across Vietnam’s property sector Speaking at the Vietnam Real Estate Symposium 2018 hosted by the Australia Chamber of Commerce in Vietnam (Auscham), chairman of the Vietnam National Real Estate Association Nguyen Tran Nam said that many domestic developers own large land funds and, due to current credit tightening that reduces the possibility of bank loans, they should seek out foreign developers to co-operate on schemes. “It is high time for foreign developers join projects in Vietnam because the current credit tightening from the government reduces the finance flow from domestic developers, but this should be a good opportunity for foreign developers to jump … [Read more...] about International investment into real estate develops further
Selling real estate part time
Vietjet now selling Phu Quoc-Seoul tickets
Vietjet Air has opened sales for tickets on the new Phu Quoc - Seoul route, to welcome in the year-end festive season. The new route connects the two famous destinations and satisfies demand among local people and tourists while contributing to the development of trade and integration in the region. The Phu Quoc - Seoul route will be a daily service starting from December 22, with a flight time of some five hours 30 minutes per leg. Flights depart Phu Quoc at 3.30pm and arrive at Seoul at 10.45pm, returning from Seoul at 1.45am and landing in Phu Quoc at 5.35am (all local times). Tickets for the new route are available via all sales channels, with a special promotion running from 12pm to 2pm (GMT+7) every day on www.vietjetair.com (compatible with smartphones at https://m.vietjetair.com) and www.facebook.com/vietjetvietnam (click the “Booking” tab). Payment can be made with international debit and credit cards, including Visa, MasterCard, AMEX, JCB, KCP, and Union, or … [Read more...] about Vietjet now selling Phu Quoc-Seoul tickets
Fine-tuning bottlenecks to lure more M&A in Vietnam’s real estate
The Hanoitimes - Vietnam’s merger and acquisition (M&A) has been attractive to foreign investors in recent years, but there remain obstacles hindering the M&A market to further grow, experts said. After exceeding the US$10-billion landmark for the first time last year, Vietnam’s M&A market continued to rise 55 percent year-on-year to reach US$3.55 billion in the first six months this year. However, experts suggested that M&A should be further promoted as its value is forecast to be lower than last year at US$6.5-6.9 billion in 2018. A typical M&A deal in Vietnam often lasts for a whole year or even 2-3 years Experts said that investors often decide to pursue M&A rather than develop its own land reserves for new project construction to save time in completing legal procedures and dealing with issues related to site clearance and compensation. However, Nguyen Khanh, director of real estate services firm Jones Lang LaSalle (JLL)’s … [Read more...] about Fine-tuning bottlenecks to lure more M&A in Vietnam’s real estate
Online real estate brokerage gaining acceptance
VinaCapital’s flagship fund the Vietnam Opportunity Fund (VOF) and Dragon Capital last month announced they spent $21 million acquiring a 25 per cent stake in the Century Land JSC (CenLand), one of Vietnam’s leading real estate brokerages and the leader in the northern region. CenLand has focused on traditional sales channels since 2002, with its popular real estate supermarket system STDA, and has developed its online brokerage platform Nghemoigioi.vn over the last two years. Online channels contributed to the surging number of the company’s transactions in 2017, at 11,555, an increase of 20 per cent against 2016, thanks to real estate support technology. “Online real estate has seen impressive growth of more than 60 per cent over the last three years and is expected to continue growing into the future,” said Ms. Le Hoang Uyen Vy, General Partner at ESP Capital. Fertile ground In line with Vietnam’s burgeoning real estate … [Read more...] about Online real estate brokerage gaining acceptance
Net sells by foreign investors not a worry: analysts
Vietnam's stock market suffered the biggest monthly fall in the world in April (Photo: VNA) Hanoi (VNS/VNA) - Local investors are concerned with recent increases in net selling by foreign traders, fearing a capital flight, but experts have tried to calm the market with positive recommendations. Vietnam's stock market suffered the biggest monthly fall in the world in April, with the VN-Index on the HCM Stock Exchange losing 12.2 percent and the HNX-Index on the Hanoi Stock Exchange sliding 9.4 percent. The market has moved within a narrow range in early sessions in May. Alongside slumps of large-cap stocks, especially in the banking, securities and real estate sectors due to heavy profit-taking pressure (the benchmark VN-Index hit the all-time record high of nearly 1,200 points on April 6), a long net selling streak by foreign investors negatively affected the market. On the main bourse in HCM City, foreign traders were net buyers of total 1.6 trillion VND (70.6 million USD) in … [Read more...] about Net sells by foreign investors not a worry: analysts