Monthly Real Estate News | May 2019 Monthly Real Estate News | May 2019 | Page 9

Daily Real Estate News Highlights Vietnam - 10 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. Carving Quang Ninh’s global appeal Vietnam Investment Review Propelling the tourism ­potential of the northeastern province of Quang Ninh into the stratosphere is an uphill task but one which can be achieved in time, a ­ ccording to industry experts and government officials. Creating a distinction in the province’s appeal and providing an unforgettable experience for visitors is an urgent and essential Halong-Van Don Expressway is task for Quang Ninh, according to Pham Ngoc Thuy, director of the expected to help transform Van Quang Ninh Department of Tourism in a recent meeting with local Don in particular into an upscale tourism destination press. VNREA: resort property market thrives VOV Vice Chairman of the Vietnam Real Estate Association (VNREA) Nguyen Manh Ha has stated that there is still room for resort real estate to develop, especially in new markets. In the north, Hai Phong and Quang Ninh have attracted the most number of resort property developers with their strengths in sea services. Their real estate products are mostly condotels and resorts. Ha Long city in In the north, Hai Phong and Quang Ninh have attracted the Quang Ninh province has emerged as a resort paradise with major most number of resort property investors pouring trillions of Vietnamese dong into projects such as developers with their strengths in sea services. Sun Premier Village Ha Long Bay and the FLC Ha Long Bay Golf Club & Luxury Resort. First 4 months of 2019, FDI to Vietnam increases 29 percent Vietnam Insider According to Vietnam’s Foreign Investment Agency, which is under the Ministry of Planning and Investment 1,082 foreign-invested projects have been licensed with total registered capital of over USD5.3 billion, posting respective year-on-year increases of 22.5 per cent and 50.4 per cent, and saw 395 operational FDI projects raise their capital by more than USD2.1 billion, down six per cent. Among the fresh FDI of more than USD5.3 billion, 74.1 per cent were poured into the processing and manufacturing sector, 9.9 per cent into the real estate trading sector, and 16 per cent into others. The country’s Foreign Investment Agency said. Central bank buys $8.35 billion to build foreign reserves Bizhub The State Bank of Viet Nam (SBV) bought US$8.35 billion from credit institutions between the beginning of this year and April 17 to build up the nation’s foreign reserve. According to report recently sent by the SBV to the National Assembly’s Economic Committee, SBV said the USD/VND exchange rate and the foreign exchange market was relatively stable while the liquidity of the market was also good in the first four months of the year. 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