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Daily Real Estate News Highlights
Vietnam - 15 May 2019
Top 5 - Daily Updated Real Estate News
Colliers International’s Residential Highlights is daily news summary which features the latest
updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Novaland officially signs strategic cooperation with Lotte
E&C
Moi Truong Va Do Thi
On May 8, Novaland Group officially signed a strategic cooperation
with Lotte E&C Company, a subsidiary of Korean Lotte Group.
Accordingly, Lotte E&C has become the main contractor for the 3
high-end apartment projects developed by Novaland, notably the On May 8, Novaland Group offi-
high-end commercial apartment complex of The Grand Manhattan cially signed a strategic cooper-
ation with Lotte E&C Company,
(HCM City) and the 2 upcoming projects in District 2.
a subsidiary of Korean Lotte
Ha Long aims to become smart city
Vietnam Investment Review
Ha Long city in the northern province Quang Ninh is angling to
become a smart tourism city. The city plans to apply technologies in
various sectors including health, education, governance, transport,
finance-banking and taxation with an aim to provide convenient
Ha Long city in the northern
services to people and businesses.
province Quang Ninh is angling
to become a smart tourism city.
Market tumbles as VHM turns the biggest drag
Saigon Times Daily
The southern market continued its gloomy trade as the VNIndex ebbed further yesterday due largely
to VHM, which was the biggest drag as the stock tumbled on a mammoth trade volume. VHM saw
a staggering 34.4 million shares traded in block deals with a total value of almost VND3 trillion,
making it the biggest contributor to the HCMC bourse’s liquidity.
City leader urges resumption of delayed projects
Vietnam News
The chairman of HCM City People’s Committee Nguyen Thanh Phong has urged agencies to speed
up implementation of a number of investment projects, mostly property projects that have been
delayed for long periods. Speaking yesterday at a meeting reviewing the city’s socio-economic
development in the first four months of the year, Phong attributed the problem to a lack of capital
and administrative procedures.
PM requests tighter control of industrial park planning
VOV
Prime Minister Nguyen Xuan Phuc has ordered the Ministry of Planning and Investment, along with
relevant ministries and localities, to further intensify their management of industrial park planning.
The move came after local media reported that several experts had raised concerns regarding the
lack of control over the planning process.
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