Monthly Real Estate News | May 2019 Monthly Real Estate News | May 2019 | Page 4

Daily Real Estate News Highlights Vietnam - 03 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. Vinpearl became the first hospitality company Vietnam to apply facial recognition technology Vietnam Insider The technology has been applied to help customers have new experiences such as opening the door automatically, checking in within 3 seconds or paying for services, all with a simple smile. The company said in a statement last Monday. In the first phase, the Vinpearl, the leading hospitality application of facial recognition has been implemented at Vinpearl group in Vietnam officially became Nha Trang and features check-in and check-out options at Vinpearl the first resort, hotel and entertain- Land entertainment areas and restaurants. This technology identifies ment system to apply facial recog- and authenticates customers’ identities accurately and quickly nition technology based on artificial intelligence. through observation devices without other control procedures. Dong Nai seeks funds to build roads to Long Thanh airport Vietnam News The southern province of Đong Nai has asked the central Government to allocate more than VNĐ400 billion (US$17.23 million) to build two roads that would connect the province’s National Road No. 51 up to Long Thanh International Airport, which is expected to start A rendering of the proposed Long Thành International Air- construction next year. Speaking at a meeting held on Tuesday (April port in the southern province of 23) with the National Assembly’s Economics Committee, Tran Van Dong Nai. Vinh, vice chairman of Đong Nai Province People’s Committee, said it was urgent to build the roads to provide access to the airport. LG Electronics to shut South Korean phone factory, move production to Vietnam Tuoi Tre News LG Electronics Inc said on Thursday it would stop producing smartphones in South Korea and move manufacturing to Vietnam, joining global rivals shifting factories to low-cost locations as they battle a slump in global demand. Samsung Electronics Co Ltd, the world’s biggest smartphone maker, said late last year it would cease operations at one of its mobile phone plants in China. HCM City, RoK’s Ansan city promote cooperation VOV Ho Chi Minh City always attaches great importance to enhancing friendship and cooperation with Korean localities, including Gyeonggi province’s Ansan city, said Vice Chairman of the municipal People’s Council Pham Duc Hai. Hosting a reception for Yoon Wha-sub, Governor of Ansan city, on April 23, Hai said that the Vietnamese southern hub has set up friendship relations with seven Korean localities so far, laying the foundations for the city and Ansan to bolster collaboration. For market research reports, please visit our website at www.colliers.com This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). All material are sourced and collated in this document by Colliers is from the public domain. ©2016. All rights reserved. [email protected] colliers.com/vietnam