Monthly Real Estate News | May 2019 Monthly Real Estate News | May 2019 | Page 7

Daily Real Estate News Highlights Vietnam - 08 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. Danang announces smart city project Vietnam Investment Review Recently, the Danang People’s Committee held a conference to announce the project of building a smart city in Danang in front about 200 experts, equipment suppliers, co-operation partners, and foreign partners. At the seminar, Le Trung Chinh, Deputy Chairman of the Danang City People’s Committee, shared about the plans to Danang is planning to transform transform Danang into a smart city, the overall architecture plan of itself into a smart city by 2030 which was issued in January 2018. Hong Kong maintains lead in FDI in Vietnam in 4M 2019 Vietnam Insider Foreign investors pour in $14.59 bn in first four months of the year, the Ministry of Planning and Investment reports. Total newly-reg- istered and additional capital and capital contributions and shares purchased by foreign investors stood at $14.59 billion in the first Foreign investors pour in $14.59 four months of 2019, up 81 per cent against the same period of bn in first four months of the year, the Ministry of Planning 2018, according to the latest report from the Ministry of Planning and Investment reports. and Investment (MPI) released on April 24. Da Nang condotel market slows but remains robust Bizhub The Prime Minister has asked the Ministry of Construction (MoC) and relevant ministries to complete the legal system regarding the local property market to ensure sustainable development, according to the Prime Minister’s direction issued on April 23. According to the Directive No 11/CT-TTg on solutions promoting stable and healthy development of the real estate market, the MoC needs to complete adjustments and supplements to the Construction Law, the Housing Law and the Real Estate Business Law in the third quarter of this year. PM urges property laws to be finalised VOV The Prime Minister has asked the Ministry of Construction (MoC) and relevant ministries to complete the legal system regarding the local property market to ensure sustainable development, according to the Prime Minister’s direction issued on April 23. According to the Directive No 11/CT-TTg on solutions promoting stable and healthy development of the real estate market, the MoC needs to complete adjustments and supplements to the Construction Law, the Housing Law and the Real Estate Business Law in the third quarter of this year. HoREA offers proposals to help real estate firms access long-term bank loans Vietnam News The HCM Real Estate Association (HoREA) has suggested the State Bank of Viet Nam (SBV) extend the application of regulations on banks’ maximum ratio of short-term funds used for medium- and long-term loans until the end of 2020.The HoREA also proposed the rate should be reduced to 37 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. ©2017. All rights reserved. [email protected] colliers.com/vietnam