Trend real estate market

New potential and trends The Indochina Kajima Development Company, a joint venture between Indochina Capital and Kajima Corporation, recently launched an industrial real estate investment and development platform focused on the nationwide roll out of factory and warehouse properties for lease throughout the country’s key manufacturing and logistics markets. The Core5 Vietnam platform ( www.c5ip.vn ) plans to offer industrial assets of some US$1 billion in the next 5-7 years. Germany’s Framas Group has rented a ready-made factory area of ​​20,000 square meters in the KTG Industrial Nhon Trach 2 project (Dong Nai Province). Framas specializes in the production of high-quality plastic parts for customers such as Nike and Adidas. According to Fabian Urban, Head of Footwear Technology at Framas Vietnam, Vietnam was chosen as a factory site because of its superior facilities compared to other locations. The establishment of the new factory is part of the group’s strategy to … [Read more...] about Industrial real estate market recovers strongly

Industrial real estate attracts foreign investors via the M&A method Acquiring a well-established local entity is a preferable market-entry strategy for many foreign companies, particularly in the industrial real estate market. What are domestic enterprises’ advantages in attracting foreign industrial real estate developers? In the M&A playground, foreign investors often have an advantage in terms of capital and experience. Meanwhile, the biggest strength of the local side is its insight, which is shown in its overall understanding of policies, the planning of industrial parks (IP), transport infrastructure, and even urban planning around IPs. In addition, they understand the characteristics of each region and the demographic, which will help businesses recruit employees more easily. To establish an IP, it needs the approval of the prime minister and dozens of signatures from various authorities, thus having an insight into policies and flexibility will create … [Read more...] about Industrial real estate attracts foreign investors via M&A

Among the notable stocks is Kinh Bac Urban Development Corporation JSC (KBC). In the first six months, KBC achieved nearly $47 million in net revenues and $103 million in net profit, down 61 per cent in revenues but up 271 per cent in profit over the same period last year. This year, it set a business plan with total revenue of $426 million and profit after tax of $195 million. Industry analysts say the demand for industrial real estate will continue in a positive trajectory in 2023, Le Toan KBC currently owns more than 4,700 hectares of industrial land and 917ha of urban area nationwide. Of which, the four zones of Que Vo Industrial Zone (IZ) and its expansion, Trang Due 1, and Trang Due 2 are fully occupied. The company is now developing two new IZs, Nam Son Hap Linh and Trang Due 3. Both of these projects cover large areas and are located in key cities and provinces in terms of industrial property development. Industrial Development and Investment Corporation JSC … [Read more...] about Industrial real estate remains defiant in stock market

The supply of budget apartments in Hanoi stood at the lowest level in the past five years. Prices of apartments in Hanoi have now surged by 10-15% against the same period of last year and reached a record high level. Investors looking for information on a new real estate project in Hanoi. Photo: Cong Hung High demand for apartments in the capital means there are no more projects with prices of VND35 million (US$1,500) per square meter in the downtown area, while the average price of budget apartments in the districts of Ha Dong, Nam Tu Liem, or Hoang Mai has also surpassed the VND30-million mark per square meter. Data from CBRE revealed the average selling price of apartments in Hanoi rose by 9% year-on-year during the second quarter to $1,293 per square meter. Prices of high-class projects in downtown areas such as Hai Ba Trung, Dong Da, and Ba Dinh posted an average rise of 10%. Director at the Project Marketing Department of CBRE Vietnam Kiet Vo said … [Read more...] about Apartment prices in Hanoi are at a record high

A feasibility study contract was signed at the end of last month by MTBS and the investor of a superport in northern Vinh Phuc province, 60km from Hanoi. Construction began last December for the Vinh Phuc Inland Container Depot Logistics Cente, to be known as Vietnam SuperPort. It is funded by YCH Group, a Singaporean integrated end-to-end supply chain management and logistics partner, and Vietnamese conglomerate T&T Group. A graphic design of the Vinh Phuc ICD Logistics Centre (Source: vietnamnet.vn) The $200 million, 83-hectare land plot with a designed cargo capacity of about 850,000 TEU will be finished before 2025. According to YCH Group, the SuperPort project will adopt technological advancements such as AI and automation that will help future-proof the logistics industry and enable the delivery of a more integrated, faster, safer, and more sustainable supply chain. Over the past 20 years, Singaporean developers have also entered Vietnam to build hundreds … [Read more...] about More green property trends incoming

The market was mixed on Friday morning as lingering selling pressure continued to weigh on investor sentiment. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) declined by 3.34 points, or 0.27 per cent, to 1,250.81 points. The index fell sharply since the market opened, but gains in some large-cap stocks cushioned the losses. The market’s breadth was negative with 258 stocks decreasing, while 174 increased. Liquidity continued its recent downtrend, of which the matching value on the HoSE dropped 17.5 per cent to VND7.8 trillion (US$336.4 million), equal to a matching volume of 353 million shares. The market benchmark’s pull back was due to losses in pillar sectors, including banking, manufacturing and real estate industries. The VN30-Index also posted a slide of 5.37 points, or 0.42 per cent, to 1,272.36 points. In the VN30 basket, only nine stocks picked up, while 20 were down and one stayed flat. Leading the bearish trend, Vinhomes (VHM) plunged by 1.43 per cent … [Read more...] about VN-Index slides lightly on low-risk sentiment

Emart Go Vap in HCM City. THACO wants to turn Emart into a leading supermarket chain in Viet Nam. — Photo courtesy of THACO Emart Vietnam plans to open two hypermarkets in HCM City this year, one in Thu Duc City’s Thu Thiem area in October and the other in Go Vap District in December. Chun Byung Ki, general director of THISO Retail, revealed this information at the 2022 Emart Partners Day in HCM City on August 5, which was attended by more than 500 suppliers, saying the chain aims to have 20 stores across the country and revenues of US$1 billion by 2026 to become the hypermarket chain with a largest market share. Emart Sala Thu Thiem will spread over an area of ​​more than 6,000sq.m inside THISO Mall in Thu Duc City. With its outstanding facilities, Emart Sala Thu Thiem will seek to provide modern and differentiated shopping experiences to customers living in high-end residential areas and their neighbourhoods. Emart Phan Huy Ich in Go Vap District will be located at the … [Read more...] about THACO determined to turn Emart into leading supermarket chain in Viet Nam

The exclusive seminar introducing Happy One Central in Hong Kong The launching seminar of Happy One Central was organised by the major reputable companies under Knightsbridge Partners including Asia Bankers Club, Golden Emperors, and Ashton Hawks. The seminar has drawn the attention of many Hong Kong investors. Knightsbridge Partners has extensive experience in researching and distributing thousands of Vietnamese high-end apartment projects in foreign markets. The company also boasts a team of experts with a local understanding of the Vietnamese real estate market. They not only spend a lot of time researching Law on Investment but also experience in guiding Hong Kong investors through the entire investment process in Vietnam. Liu, a Hong Kong investor said, “I have learned a lot about Vietnam, especially areas with a strong expat community. I am really keen on the potential of Binh Duong, which is one of the top foreign direct investment recipients in Vietnam. Binh Duong … [Read more...] about Happy One Central receives warm responses in Hong Kong

The figure included the 885 million USD equity purchase of Korean KEB HANA Bank for 15 percent stake of the Bank for Investment and Development of Vietnam (BIDV) announced on July 22. Since 2018, Vietnam has emerged as a big M&A market in the Southeast Asian region with many big value deals. Total M&A value last year reached 7.64 billion USD, down 25 percent compared to 2017’s record value of USD 10.2 billion. However, if excluding the USD 5 billion deal of ThaiBev’s purchase of Sabeco’s equity in 2017, the 2018’s M&A value still increased by 41.4 percent year-on-year. Dang Xuan Minh, General Director of AVM Vietnam, said foreign investors were seeking opportunities in the consumer goods manufacturing and real estate industries in Vietnam to capitalize on the huge market of more than 96 million people. “At a Bloomberg’s investment conference in Thailand recently, many foreign investors expressed their keen interest in Vietnam’s market and want to seek opportunities … [Read more...] about M&A value reaches USD 5.43 billion in seven months

Business strategies including brand and tenant positioning and product diversification are being evaluated as critical success factors for shopping mall developers. The three biggest commercial space developers in Vietnam – Vincom, Lotte, and AEON – are all following this path. AEON wants to continue its aggressive expansion plans over the next few years in this country According to the latest data published by Vingroup’s Vincom Retail Company, the group currently owns 81 shopping centres, with two new Vincom Plaza shopping centres expected to open this year. Pham Thi Thu Hien, deputy CEO of Sales and Marketing for Vincom Retail, said, “In 2021, despite the difficulties posed by the pandemic, Vincom Retail still had many tenants around the world and they have high expectations for the Vietnamese market. Large companies have asked us to formulate a long-term development plan but domestic tenants have said that they are confident in the lease plan for the next 1-3 … [Read more...] about Retailers jostle for superiority