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Second wave of Covid-19 dampens hopes for quick tourism recovery in 2020

Second wave of Covid-19 dampens hopes for quick tourism recovery in 2020

The performance of hotel industry in the third quarter of 2020 will not see much improvement as Vietnam has faced a second wave of Covid-19 since late July, CBRE said.

Binh Thuan issues warning against Thanh Long Bay project

The southeast coastal province has issued a document requesting the owner of Thanh Long Bay project to stop all transactions related to the property as it has not fulfilled the necessary investment procedures.

Hausneo apartment awarded EDGE certification for green building

The HausNeo Apartment Project, developed by EZ Land Vietnam Development JSC, has been certified with the International Finance Corporation (IFC)’s EDGE certification, for its excellence in design for green building.

M&A activities in Vietnam’s real estate to slow down in the second half: JLL

Merger and acquisition (M&A) activities might potentially occur at slower pace and lower frequencies in the remaining two quarters of 2019 as a result of the scarcity in clean and clear projects readily available to invest.

Smart entries into Vietnam’s industrial property market

As there is an increasing number of foreign investors seeking for investment opportunities in industrial sector in Vietnam, it would be worthwhile to look into proper strategies to enter the market.

SonKim Land raises $121 million in follow-up funding

The Ho Chi Minh City-based property developer has successfully closed nearly $121 million in fundraising from a group of investors including EXS Capital, ACA Investments, and Credit Suisse AG.

Nomura Real Estate fully acquires Zen Plaza in Ho Chi Minh City

Tokyo-based Nomura Real Estate Development Co., Ltd. has now become the sole owner of office building Zen Plaza in Ho Chi Minh City.

Luxstay raises $6 million in fresh funds to take on Airbnb

Local rental market platform Luxstay has successfully secured additional $6 million in venture capital funding via the Shark Tank Vietnam progamme this week, gearing itself up to compete with international rivals like Airbnb.

Ascott making inroads into Cam Ranh and Hoi An

CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), is accelerating its growth globally with the signing of 26 properties mostly in Asia Pacific. Cam Ranh and Hoi An are the two new cities that the firm is now venturing into.

Savills Vietnam: Residential sales to ascend in Ho Chi Minh City

The residential sector is at the apex of Ho Chi Minh City’s growth, driven by a need for better housing, a growing middle class and an increasing number of overseas buyers.

Ho Chi Minh City sees uptick in condo absorption

New projects achieve high sold rate of over 80 per cent of launched units, despite price increase.

Stock indexes
900.95 6.91 0.77
Volume: 361,844,377 Value: 6,661.62 (Billions VNĐ)
129.2 0.73 0.57
Volume: 50 Value: 0.01 (Billions VNĐ)
60.59 0.72 1.2
Volume: 56,603,626 Value: 538.06 (Billions VNĐ)
841.26 9.42 1.13
Volume: 94,168,740 Value: 2,513.84 (Billions VNĐ)