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Vietnam’s Top Property News – Week 15/2021

Posted by Khoi Pham on April 14, 2021

The top residential and commercial real estate news of the Week 15/2021 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 & Marriott
  • Expected launch in May 2021
  • Refundable booking is now available

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

  • Developed by Masterise Homes
  • The last phase and project with river view in Thao Dien, District 2
  • 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

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 – Celesta Rise, Phase 2 (Nha Be, HCMC):

  • Developed by Keppel Land and Phu Long
  • 2-3 bedroom (78-105m2)
  • Price from 2,300USD/m2
  • Expected launch Q2/2021
  • Refundable booking is now available

NEW – The Marq, (District 1, HCMC):

  • Developed by Hongkong Land
  • 1-4 bedroom (48-145m2)
  • Price from 9,000USD/m2
  • Expected launch Q2/2021
  • Refundable booking is now available

NEW – Maia Resort Quy Nhon:

  • Developed by VinaCapital
  • Located at an untouched beach of Quy Nhon
  • A Fusion branch, Maia, new and promoting food and culture of Quy Nhon
  • 2 Bedroom from 453-611m2
  • Price per unit from 666USD/m2

NEW- Ixora Ho Tram by Fusion:

  • Developed by VinaCapital
  • Located at Ho Tram, 2 hours away from HCMC
  • 46 beach view villas (229-486m2) and 164 beach view apartments (45-98m2)
  • Managed by Fusion Resorts
  • Price from 2,600 USD/m2

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

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

Vietnam readies vaccine passport entry for investors, tourists

A syringe with a dose of the made-in-Vietnam Covid-19 vaccine Nanocovax is placed next to three vials of the vaccine in HCMC, December 2020. Photo by VnExpress/Quynh Tran

Vietnamese stranded abroad, foreign investors, and vaccinated tourists are three groups who might be able to enter Vietnam with a vaccine passport, officials say.

At a regular meeting of the National Steering Committee for Covid-19 Prevention and Control, related agencies and telecom providers said Friday that the information technology infrastructure for handling Covid-19 vaccine passports was basically ready and “fully adapts to international preparations of vaccine passport deployment.”

Last month, the committee had said that concerned agencies should be prepared to offer their best services for the most complicated cases if and when Vietnam adopts a policy to allow vaccinated foreigners to enter the country.

The IT infrastructure that is being prepared for vaccine passports should include the software and website system to confirm information of people entering the nation, like conditions of entry permits, types of vaccine, nationalities of the citizens and other related information, the committee had said.

Following the latest developments, the committee has decided to target the dual goals of making maximum efforts to keep the community safe from the pandemic while opening the doors to facilitate economic development. This would include mass vaccination of Vietnamese citizens and coordinating with other countries to categorize those allowed to enter Vietnam.

With the vaccine passport, specifically, Vietnam would divide entrants into three different groups.

The first group would be Vietnamese citizens who are stranded abroad and have been administered the Covid-19 vaccine. The Ministry of Health will be in charge of providing detailed guidance on isolating and monitoring arrivals from different countries. A similar protocol would also apply for Vietnamese businesspeople returning home after going abroad in pursuit of investment and business opportunities.

The second group would be foreigners entering Vietnam to invest and do business. The Health Ministry would specify the protocol for testing, medical isolation and medical monitoring based on the entrants’ citizenship and the vaccines they have been administered.

The third group would comprise international tourists. For this category, the health ministry would work with the Ministry of Culture, Sports and Tourism and submit to the committee specific plans on allowing international tourists.

It is expected that Vietnam will welcome visitors from countries that have basically brought the pandemic under control and those that have deployed vaccination programs to achieve community immunity. Such tourists would be allowed to go to Vietnamese destinations where sufficient control can be maintained in terms of Covid-19 precautions.

Source: VnExpress

Hanoi metro to begin commercial operations this month

A train of the Cat Linh–Ha Dong metro. Photo by VnExpress/Giang Huy.Hanoi’s first metro service from Cat Linh to Ha Dong is expected to start commercial operations in April

The Ministry of Transport and the Hanoi People’s Committee are working to wrap up the final details based on recommendations by French safety consultancy consortium Apave-Certifier-Tricc so that the metro could be handed over to the city this month, Minister of Transport Nguyen Van The said on Friday.

The recommendations relate to staff training, safety measures and others, and authorities have been working on them for the last two months.

The company that built the metro, China Railway Sixth Group, began the process of handing over the metro to local authorities on March 31, and the process is expected to take at least three weeks.

The line runs 13 kilometers on elevated tracks through 12 stations from downtown Dong Da District to Yen Nghia in Ha Dong District in the southwest of the city.

It completed a 20-day test run, including safety evaluation procedures, last December.

Source: VnExpress

Tourism recovery can take off alongside flights resumption

Empty tourist boats seen in Hoi An Town, central Vietnam in July 2020 amid the Covid-19 pandemic. Photo by VnExress/Son Thuy

Tourism companies see a proposed plan to gradually resume international flights as a necessary first step for their sector to recover from the pandemic-inflicted slump.

Nguyen Minh Man, head of marketing at the HCMC-based TST Tourist Co., said that a slow and careful reopening of Vietnam’s borders can form a strong foundation to resume tourism activities.

“This is a golden time for the tourism industry to prepare their human resources and products to recover and achieve a breakthrough next year,” he added.

Nguyen Cong Hoan, deputy director of Hanoi Redtours, said that although the flight resumption won’t be able to “save” Vietnamese tourism this year, it will be a necessary first step for recovery.

International flights will first help resume trade and business activities, which will boost demand for niche tourism segments such as golf and luxury tourism, and after that, other popular segments will start to recover, he said.

“If vaccinated passengers can enter the country in September, that would be an ideal time to travel to Vietnam’s warm beaches or visit terraced fields during the harvest.”

The Civil Aviation Authority of Vietnam (CAAV) is considering the resumption of international flights starting July, with Japan, South Korea and Taiwan the first destinations, each side operating four flights a week.

All passengers will be quarantined upon arrival as per the Health Ministry protocol. It is expected that around 6,000 to 7,000 passengers would enter the country each week from the three Asian destinations.

The CAAV has proposed that starting September, vaccinated foreign passengers into the country are allowed into the country without requiring centralized quarantine.

Vietnamese carriers are eagerly awaiting the government’s green light to take to the skies again.

Budget airline Vietjet resumes regular flights to Thailand, Japan, South Korea and Taiwan this month, serving Vietnamese citizens wishing to study and work abroad, as well as stranded foreigners wanting to return home.

On return trips, the carrier will only carry Vietnamese citizens being repatriated or foreign experts with permission to enter the country as per government regulations.

Meanwhile, national flag carrier Vietnam Airlines has said it will reopen international commercial flights connecting Hanoi and HCMC with several Asian destinations including South Korea, Japan and Australia this month.

However, tourism companies are not too optimistic about a quick recovery. Hoan of Hanoi Redtours said that for this year and the next, domestic travel will be the main revenue source for his company, and prospects for international travel will only look up in 2023 as the earliest.

“We are seeing rising numbers of individual and company trips bookings domestically, and this will be our main focus for the time being. Until the Covid-19 situation is well under control globally, we should not pin our hopes on international travel.”

Vietnam closed its national borders and canceled all international flights in March 2020. Since then, only Vietnamese repatriates, foreign experts and highly-skilled workers are being allowed in under strict conditions.

The number of foreign visitors to Vietnam in the first quarter fell 98.7 percent year-on-year to 48,000 with travel restrictions in place to mitigate the impacts of Covid-19.

Source: VnExpress

HCM City receives US$1.45 billion of remittances in Q1

Illustrative image (Source: VNA)

The resource is not only provided funding for local production and business but also added to the city’s foreign reserves. There are currently some 2 million residents in HCM City living overseas.

Last year, the city received US$6.1 billion in remittances, up 15 percent against 2019. The exchange rate between the VND and the US dollar has been stable in recent times, so recipients tend to sell them to credit institutions. Several banks use remittance payment technology and offer services to change foreign currencies into VND for savings at a high interest rate.

Over recent years, remittances have come not only in the form of savings but also in securities, real estate, share purchases, or business establishment. Banks have also enhanced the use of technology and offered promotions to attract more customers. For example, Sacombank has cooperated with partners in the US, Australia, Europe, Japan, and Taiwan (China), and adopted API technology allowing quick payments around the clock. Recipients can receive their remittances in no more than a minute.

Source: SGGP

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