The HCM City property market is expected to remain strong this year thanks to the country’s robust economic growth last year. HCM City real estate market is expected to remains on growth path in 2018. — Photo baodautu.vnAccording to American real estate services firm John Lang LaSalle, mergers and acquisitions in the sector will continue to attract great interest among international investors, especially Japanese, Singaporean, Chinese and South Korean companies, and could reach record levels of almost US$2 billion, up from $1.5 billion last year.New housing launches will continue at a similar pace as last year and the focus will be on the affordable and mid-priced sectors.In the office space segment, two grade A buildings were launched at the end of 2017, but there will be no more until 2020. With the occupancy rate being 92 per cent prices are expected to increase.In other news, Nhip Cau Dau Tu (Investment Bridge) magazine will give away the 2017 Outstanding Real Estate … [Read more...] about HCM City real estate market remains on growth path
Growth
Vietnam enjoying fastest wealth growth in the world
Vietnam’s emergence as a global manufacturing hub has helped it top a list of countries ranked by wealth growth over the past ten years, according to a report from market research company New World Wealth and interpreted by Visual Capitalist.Wealth in Vietnam grew 210 per cent between 2007 and 2017 and the country’s wealth market is predicted to continue growing another 200 per cent in the next ten years, according to the report.Much of that growth is due to the surge in ultra-high net worth individuals (UHNWIs) living in the country, defined as people with investable assets of at least $30 million, excluding personal assets and property such as a primary residence, collectibles, and consumer durables.Vietnam’s ultra-rich population is growing faster than in any other economy in the world and is on track to continue leading that growth over the next decade.Mr. Andrew Amoils, Head of Research at New World Wealth, highlighted Vietnam as a market where … [Read more...] about Vietnam enjoying fastest wealth growth in the world
Impressive start inspires high growth
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Illustration photo The PM made the assessment at the recent Government’s regular meeting. Almost all Cabinet members assessed that ministries, sectors, and localities positively implemented Resolution 01 in January, the socio-economic performance progressed positively in all fields. In January, 2018, the Nikkei Viet Nam Manufacturing Purchasing Managers' Index, or PMI, rose to the highest level since April 2017 to 53.4 in January, up from 52.5 in December, the highest level in ASEAN and even bigger than the Republic of Korea and China. These figures showed the big confidence of customers and the society. Meanwhile, average rate of ASEAN was only 50.2. Industrial production index jumped 20.9% against the same period in 2017. Agricultural production was stable. Aquaculture output saw a year-on-year growth of 4.1%. Total retail sale of goods and services increased 9.5% against the same period last year. Total retail sales of goods and services picked … [Read more...] about Impressive start inspires high growth
A new route for ANZ as FDI growth hits records
It has been 25 years since ANZ first entered the country in 1993, after the introduction of the Law on Foreign Direct Investment (FDI) in 1987, which opened the floodgates for a burgeoning inflow of FDI into the nation. Indeed, the inflow of FDI has changed the face of the local economy. It has bolstered economic growth and opened up a whole new world of opportunities for the local business community as well as the community of foreign-invested enterprises, including ANZ.“I suppose you could say that we correctly forecast this incredible growth when we started 25 years ago,” was the joking assessment of Dennis Hussey, CEO of ANZ Vietnam and ANZ’s Greater Mekong Region head, when asked if the lender had been right about FDI growth from the beginning.With the long-term vision and corporate strategy that set ANZ Vietnam – as well as some of the lender’s other Asian subsidiaries – to shift its focus on the institutional banking sector instead of retail, … [Read more...] about A new route for ANZ as FDI growth hits records
Perennial growth of Vietnam-Laos special solidarity
NDO – Prime Minister Nguyen Xuan Phuc, accompanied by a delegation of high-ranking Vietnamese Government officials, arrived in Vientiane, Laos on February 4 to kick start his two-day visit to the neighbouring country as he attends and co-chairs the 40th meeting of the Vietnam-Laos Inter-Governmental Committee from February 4-5. >>> PM visits Laos to co-chair Vietnam-Laos Inter-Governmental Committee’s 40th meeting The visit, made at the invitation of Lao Prime Minister Thongloun Sisoulith, is considered an important political event, demonstrating a reaffirmation of the priorities in foreign affairs between both countries. Of main importance is the sustained consolidation and development of the Vietnam-Laos traditional friendship, with special solidarity and comprehensive cooperation while enhancing political credibility and creating a unified steering channel to promote the implementation of high-level agreements in strengthening the cooperation between the … [Read more...] about Perennial growth of Vietnam-Laos special solidarity