PM welcomes Japan commerce chamber to shift investment to Vietnam Prime Minister Nguyen Xuan Phuc (R) and Yoichi Kobayashi, Chairman of the Japan-Mekong Business Cooperation Committee Prime Minister Nguyen Xuan Phuc has welcomed the initiative of the Japan Chamber of Commerce and Industry (JCCI) to shift Japan’s investment from other countries to Vietnam and other Mekong River nations. At a reception for Yoichi Kobayashi, Chairman of the Japan-Mekong Business Cooperation Committee, in Hanoi on February 26, the Prime Minister highly appreciated the contributions of the committee in promoting economic exchanges between Vietnam and Japan through fact-finding tours to study Vietnam’s policies, the organisation of relevant workshops, and recommendations to improve the nation’s investment climate. He asked the JCCI to continue organising business delegations in the fields of agriculture, support industry, information technology, Internet of Things, urban planning, and … [Read more...] about BUSINESS NEWS IN BRIEF 27/2
Neil macgregor
Vietnam, site of Trump-Kim summit, is a hot market for luxury property
Published February 26, 2019 Real Estate FOXBusiness Facebook Twitter Comments Print video Trump-Kim summit has to be more than a photo opportunity: Mark Weinberg Former Reagan Assistant Press Secretary Mark Weinberg on the Trump administration's negotiations with North Korea. While President Trump and North Korea leader Kim Jong Un’s second summit in Vietnam’s capital is creating a lot of buzz for the city of Hanoi, according to the real estate data, certain areas in country have been thriving for quite some time. Continue Reading Below According to Bloomberg, prices for luxury condominiums in Ho Chi Minh City, a populous city of Vietnam, have climbed 17 percent in 2018 to an average $5,518 per square meter, citing data from CBRE Group Inc. MORE FROM FOX BUSINESS WHY SMALL BUSINESS OWNERS SHOULD FLOCK TO PORTLAND US HOUSING STARTS TO FALL TO MORE THAN 2-YEAR LOW MIDDLE-CLASS INCOMES ARE RISING AT A MASSIVE RATE IN … [Read more...] about Vietnam, site of Trump-Kim summit, is a hot market for luxury property
How does Trump-Kim summit affect Vietnam’s real estate market?
The Hanoitimes - The movement will firstly leave influences on the hospitality segment and other services. The second meeting of US President Donald Trump and North Korea’s leader Kim Jong Un, which is scheduled to take place in Hanoi next week, will leave positive impacts on Vietnamese tourism and real estate market, according to Savills Vietnam. Nguyen Hong Son, director advisory Savills Hanoi. Photo: Savills Vietnam The event, for the short-time, drives up tourism sector thanks to a surge of international visitors to the country, said Nguyen Hong Son, director advisory Savills Hanoi. The movement will firstly leave influences on the hospitality segment and other services. In fact, demand for hotel rooms in the city is expected to sharply increase days around the summit due to the attendance of politicians and delegations, media, security and logistics personnel, he said. Earlier last week, local media reported that many five-star hotels in Hanoi … [Read more...] about How does Trump-Kim summit affect Vietnam’s real estate market?
Vietnam emerged as hot new market for luxury property: Bloomberg
The Hanoitimes - In a world where home prices are looking precarious from London to Hong Kong, Sydney and New York, it makes Vietnam an attractive location. Vietnam’s status as one of the fastest-growing economies has spurred overseas investors to target the nation’s real estate, alongside a rapidly growing cohort of well-heeled domestic buyers, eager to put hard currency into property, Bloomberg reported. In a world where home prices are looking precarious from London to Hong Kong, Sydney and New York, it makes Vietnam an attractive location. Vietnam is where southern China was 10 or 15 years ago, Goodwin Gaw, chairman of Hong Kong-based private-equity firm Gaw Capital Partners, which oversees US$17 billion in real estate assets globally, told Bloomberg. It is no longer a sure thing considering home prices have been rising steadily over the past 18 months, but “long term it’s still very good if you’re able to hunker down,” Gaw was … [Read more...] about Vietnam emerged as hot new market for luxury property: Bloomberg
Savills Vietnam: luxury real estate remains promising
Illustrative image (Source: VNA) HCM City (VNA) – Vietnam’s luxury real estate market is set for strong growth in 2019, General Director of Savills Vietnam Neil MacGregor told the media on January 30. He said Vietnam’s housing market will continue to be buoyed by a golden population structure, good economic prospects and new infrastructure. The luxury segment is attracting local and foreign buyers thanks to convenient locations and world-class facilities. At the same time, the Vietnamese economy welcomed positive news such as growing gross domestic product and foreign direct investment, record overseas remittances and foreign reserves. Prices of apartments in Hanoi and Ho Chi Minh City are generally lower than those in Kuala Lumpur and Bangkok, and are forecast to increase but more slowly. Prices of new homes in Ho Chi Minh City downtown average 5,500 – 6,500 USD per sq.m. With low property taxes and the relaxation of laws on house ownership for … [Read more...] about Savills Vietnam: luxury real estate remains promising