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Vietnam’s Top Property News – Week 10/2021

Posted by Khoi Pham on March 12, 2021

The top residential and commercial real estate news of the Week 10/2021 and property recommendations:

Information herein has been obtained from sources believed reliable, please analyze and use it at your own responsibility and independently confirm its accuracy and completeness.

NEW – Grand Marina Saigon (District 1, HCMC)

  • Developed by Masterise Homes
  • First branded residential project by JW Marriott & Marriot
  • Expected launch in May 2021
  • Refundable booking is now available

NEW – LUMIÈRE riverside, Phase 2 (District 2, HCMC):

  • Developed by Masterise Homes
  • 1-3 Bedrooms (48-113m2)
  • ~4,500USD/m2

NEW – The 9 Stellars (District 9, Thu Duc City):

  • 3000 apartments and 159 Villas
  • 2,300USD/m2 for apartments and 5,500USD/m2 for villas
  • Developer: SonKim Land
  • Special Promotion: 3% Discount for booking in February

NEW – Meyhomes Capital Phu Quoc:

  • Developed by Tan A Dai Thanh Awarded with Labor Medal and 25 Years with Good Contributions to Vietnam Economy
  • Is the First and Limited Landed Property with Freehold Tenure on Phu Quoc City (just Upgraded to City)
  • Shophouses from 117-206m2
  • Affordable from 350,000 USD
  • Special Promotion: 8% Discount

NEW – The River Thu Thiem, Phase 2 (District 2, HCMC):

  • Phase 2 location is opposite to Phase 1
  • Refundable booking is now available

NEW – Penthouse and Loft (6m ceiling high) at The Opera Residence, The Metropole Thu Thiem (District 2, HCMC):

  • Penthouse: 1-3 Bedrooms (79-324m2), ~13,000USD/m2
  • Loft: 1-3 Bedrooms (69-174m2), ~11,000USD/m2
  • Refundable booking is now available

Kallias Complex City Phu Yen:

  • Developed by NDMReal
  • Located at a prime location: on coastal road at the beach city center, Tuy Hoa City, Phu Yen
  • With an AccorHotels Group brand operating right at the project
  • Shophouses from 90-100m2
  • Price per unit from 260,000 USD

Hyatt Regency Ho Tram:

  • Developed by Hyatt Hotels & Resorts
  • President Villa/Beach Front Villa/Sea View Villa/Garden Villa from 290-1000m2
  • Limited 63 units
  • Million Dollars Project
  • Beach Property

Angel Island (Dong Nai Province):

  • Elite Villas/Garden Villas/Grand Villas/Shop Houses from 154m2-360m2
  • First and Unique Island Property with Yacht Marina Entrance MAINLY
  • Million Dollars Project

Aqua City (Dong Nai Provice):

  • Townhouses/Villas/Shophouses from 120m2-360m2
  • Decent Eco Satellite City Adjacent to HCMC
  • Affordable from 300,000 USD

Masteri Centre Point (District 9, Thu Duc City):

  • Developer: Masterise Homes
  • Total scale: 10 towers
  • Unit size: 1 – 4 bedrooms
  • Affordable from 140,000 USD

Habana Island Ho Tram:

  • Semi Detached Villas/Single Villas from 160m2-240m2
  • Unique Island Property with View to Ocean and View to River
  • Million Dollars Project

NovaWorld Phan Thiet:

  • Townhouses/Semi Detached Villas/Shophouses from 100m2-150m2
  • Capital Gain Guarantee 13%/year
  • Affordable from 200,000 USD
  • Beach Property

NovaWorld Ho Tram – Tropicana:

  • Townhouses/Semi Detached Villas/Shophouses from 160m2-260m2
  • Capital Gain Guarantee 13%/year
  • Affordable from 300,000 USD
  • Beach Property

Thu Duc City to have its own science and technology department

Part of the university precinct in Thu Duc City. Photo by VnExpress/Quynh Tran

HCMC’s Thu Duc City will become the only district in the country to have its own Department of Science and Technology.

The ‘city’ was established with a mandate to act as a center of innovation, research and high technology, and so received approval for the science department from the government following recommendations by the Ministry of Home Affairs and the Ho Chi Minh City administration.

The department is for Thu Duc to perform its position and role as a center of innovation and application of science and high technology as it has been designed from the beginning.

Thu Duc City was created in January through the merger of HCMC’s three eastern districts, 2, 9 and Thu Duc as a “city within a city” and is classified as a class-1 city administered by HCMC.

A class-1 city must have a population of one million if centrally administered, or 500,000 if administered by a province or city, a population density of at least 2,000 per square kilometer and a non-farm-labor ratio of more than 65 percent and 85 percent in its inner area. It also has to meet certain infrastructure and architectural requirements.

But as an administrative unit, Thu Duc is still a district.

It spreads over 211 square kilometers, has a population of more than 1.5 million and accounts for a third of HCMC’s economy and 7 percent of the country’s GDP.

With its important geographical location between the city, the industrial hub of Dong Nai Province and the maritime transport hub of Ba Ria-Vung Tau Province, it is expected to spearhead the development of the city and even the southeastern region.

It has a hi-tech park in District 9, the university precinct in the former Thu Duc District and an emerging new urban hub and financial center on the Thu Thiem Peninsula in District 2.

Source: VnExpress

Vietnam to receive 5.6 million Covid-19 vaccine doses

A medic holds a vial of Covid-19 vaccine AstraZeneca that is used to be injected for medical staff in the Central Highlands province of Gia Lai, March 9, 2021. Photo by VnExpress/Tran Hoa

More than four million doses of Covax-funded AstraZeneca vaccine and 1.48 million other doses Vietnam has ordered will arrive this month and next.

According to the national Expanded Program on Immunization (EPI), Vietnam will receive 4.177 million doses of the AstraZeneca Covid-19 vaccine via the Covax program with support from the UNICEF.

The Covax, or the Global Covid-19 Vaccine Facility, is a global mechanism for the development, manufacture and procurement of Covid-19 vaccine candidates, facilitating and supporting member countries to access vaccines as they become available.

Under this, 1.373 million doses are slated to arrive on March 25 and the rest in April. The vaccine is produced by British-Swedish firm AstraZeneca in collaboration with Oxford University.

Covax has pledged to provide Vietnam with 4.9 million doses of the AstraZeneca vaccine in the first half and around 33 million doses in the second half of this year.

Also within April, 1.48 million doses of the AstraZeneca vaccine that Vietnam had ordered to buy via the Vietnam Vaccine JSC will also be delivered.

In all, Vietnam has ordered 30 million doses and 117,600 doses had arrived late last month. A large-scale vaccination program was launched Monday, with priority given to frontline medical workers, military, and police forces.

The latest outbreak has been basically been under controlled as 10 out of 13 affected localities, including HCMC and Hanoi, have not recorded any new infections in 24 days.

Vietnam is expected to acquire 150 million Covid-19 vaccine doses from foreign and domestic sources by 2022.

Besides the deal with AstraZeneca, Vietnam is also stepping up negotiations with the U.S.’s Pfizer and Moderna, along with other vaccine manufacturers in Russia and China.

Four indigenously developed Covid-19 vaccines are in the works. Human trials for Nanocovax, produced by Nanogen Pharmaceutical Biotechnology JSC, began last December; and for Covivac, produced by the health ministry’s Institute of Vaccines and Medical Biologicals, are expected to begin soon.

Source: VnExpress

Vietnam could welcome vaccinated foreign tourists starting July: experts

Foreign tourists at a beach in Nha Trang Town, central Vietnam, February 2020. Photo by VnExpress/Xuan Ngoc

Tourism experts proposed Vietnam’s tourism industry prepare to welcome vaccinated foreign visitors back to the country from the third quarter in a similar vein to regional peers.

Nguyen Huu Tho, chairman of Vietnam Tourism Association (VTA), said Vietnam has been one of the most successful countries in containing Covid-19 outbreaks, creating favorable conditions for the tourism industry to open up to international markets since the beginning of the third quarter.

He cited Thailand, which plans to open its doors to foreign tourists already vaccinated against the coronavirus from July 1, and Singapore, which is ready to do the same.

“Vietnam should prepare to receive international visitors from July to help the heavily-hit tourism industry recover as 95 percent of inbound travel firms have suspended operation,” Tho told a meeting Wednesday.

“Promoting domestic tourism could bring in revenue but cannot save the tourism industry. The roadmap to opening up the international market is the only solution,” he added.

Nguyen Thi Khanh, chairwoman of Ho Chi Minh City Tourism Association, said it is necessary to prepare a set of criteria for picking up foreign passengers as soon as possible, as many countries do not require isolation of vaccinated tourists or those carrying Covid-19 negative certificates.

“The industry should aim at international markets that have responded effectively to the pandemic.”

Vu The Binh, VTA deputy chairman, said opening of international markets could meet with difficulties and public opposition for fears of causing further Covid-19 outbreaks.

However, Binh affirmed Vietnam should avoid lagging behind other economies that recognize vaccine passports, proving a bearer’s Covid-19 vaccination status.

Vietnam has been struggling with its latest Covid-19 outbreak that began on Jan. 28 after a 55-day clean streak, with 879 community transmissions recorded. So far, the outbreak situation in the country is basically under control, with many localities resuming non-essential services.

While the production of domestic vaccines is underway, the government has speeded up foreign procurement to inoculate prioritized groups.

Vietnam recorded a 79 percent decline year-on-year in the number of foreign visitors in 2020 due to travel restrictions amid the pandemic as the country received 3.83 million foreign tourists against a record 18 million in 2019, according to official data.

The government has closed national borders and canceled all international flights since March 25 with only Vietnamese repatriates, foreign experts and highly-skilled workers allowed in with stringent conditions.

The government recently green-lighted the resumption of commercial flights to seven Asian destinations, mainland China, Japan, South Korea, Taiwan, Laos, Cambodia, and Thailand, but Vietnamese carriers are still not allowed to operate inbound flights.

Source: VnExpress

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