SK Real Estate Investment in Hanoi

12/12/2020

House prices in the center Hanoi increased 33 times in the past 18 years

(中文版本在下方)

The average house prices in Hoan Kiem district, increased close to 33 times from 11m VND/m2 ($475 USD) in 2002 to 360m VND/m2 ($15,550 USD) in 2020 according to batd**gsan.com.vn, Vietnam largest real estate listing site. Meanwhile, the price of gold has only increased for 8 times.

According to Nguyen Quoc Anh, the deputy general director of batd**gson.com.vn, the amount of real estate threads posted and interest from buyers fell in the first two quarters of this year. However, in the later half of 2020, the trend reversed and investors shifted their interest northward from HCM city to Hanoi.

Within Hanoi there has been a sizeable increase in house prices recently especially in the western Hanoi. Geleximco and Nam An Khanh urban developments, in Ha D**g, have seen their townhouse prices increased from 500m to 1b VND ($21,600 to $43,200 USD) in the past couple of months. Lands in Ha D**g are currently trading anyway from 40m to 50m VND/m2 ($1,720 to $2,160 USD).
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河內市中心房價在18年裡上漲了33倍

根據越南最大房地產網站batd**gsan.com.vn的數據，河內市中心還劍區的平均房價從2002年每平方米1,100萬越盾（475美元）上漲至2020年每平方米3.6億越盾（15，550美元），增長了近33倍。同時，黃金價格僅上漲了8倍。

該網站的副總經理Nguyen Quoc Anh表示，今年前兩個季度由中介發佈到該網站的貼文和買家對房產的關注下降了。但是這趨勢在下半年已發生了逆轉的現象，而且投資者們對房產的關注也從胡志明市轉向河內市。

最近，河內的房地產尤其是在河內西部有了明顯的上漲。河東的Geleximco和Nam An Khanh市區發展項目在過去的幾個月中每棟聯排別墅上漲了5億至10億越盾（21，600至43，200美元）。河東的土地目前的交易價位一般在每平方米4,000萬越盾到5,000萬越盾（1，720到2，160美元）之間。



Photo credit: vietnamtravel.com

11/12/2020

Vietnam largest steel maker enters the real estate industry

(中文版本在下方)

Hoa Phat Group, Vietnam largest steel and steel pipes producer, announced its entrance into the real estate industry after recording its highest 9-month period revenue and net profit of 65,000b VND (2.818b USD) and 8,800b VND (321m USD) respectively, increased 40% and 56% from the corresponding period in 2019.

The total startup capital of CTCP Bat d**g san Hoa Phat (Hoa Phat Real Estate Joint Stock Company) is 2,000b VND (86m USD). Hoa Phat Group holds 99.9% of it through a startup capital contribution of 1,998b VND. According to Hoa Phat Group, the objectives of setting up this company are to invest, construct and develop real estate projects.

Hoa Phat Group, which is listed in Ho Chi Minh Stock Exchange with ticker symbol (HPG), has a share price of 38,500 VND (1.67 USD) per share and is close to doubling its share price of 20,000 VND (0.87 USD) at the beginning of this year.

Hoa Phat Real Estate JSC is not the only real estate company in HPG’s portfolio. In 2001, it started CTCP Xay dung va Phat trien Do thi Hoa Phat (Hoa Phat Urban Construction and Development JSC) to invest and develop industrial parks. Some of its flagship projects are: Pho Noi A, Yen My II and Hoa Mac.
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越南最大的鋼鐵製造商進入房地產行業

越南最大的鋼鐵製造商和發集團（Hoa Phat Group）宣布進入房地產行業。該公司在一個月前公佈自創立以來最高的前9個月營業額和淨利潤，分別為650,000億越盾（28.18億美元）和88,000億越盾（3.21億美元），相比2019年同期增長了40％和56％。

CTCP Bat d**g San Hoa Phat（和發房地產股份公司）的總啟動資金為20,000億越盾（8,600萬美元）。和發集團通過投資19,980億越盾以持有其中99.9％的股份。和發集團表示成立該公司的目的為投資，建設和開發房地產項目。

在胡志明證券交易所上市的和發集團的股票代碼為HPG，現今每股價格38,500越盾（1.67美元）比今年初的20,000越盾（0.87美元）高出了接近一倍。

和發房地產股份公司不是HPG投資組合中唯一的房地產公司。 2001年，它創立了CTCP Xa dung va Phat trien Do thi Hoa Phat（和發城市建設與發展股份公司）以投資和開發工業園區。它的旗艦工業區項目為：Pho Noi A，Yen My II和Hoa Mac。

29/11/2020

Vietnam: The 10th most resilient economy facing Covid-19 pandemic

(中文版本在下方)

Bloomberg ranks Vietnam as the 10th most resilient economy facing the global pandemic among 53 economies with GDP larger than 200b USD.

The ranking takes into account 10 key metrics: growth in virus cases, mortality rate, testing capabilities, vaccine supply agreement and so on. Vietnam scores 74.3/100, higher than other advanced economies such as Singapore, Germany, the US and the UK.

According to Bloomberg, Vietnam is one among the 5 economies expected to see positive growth in 2020 – after Bangladesh, Egypt and China.

Vietnam’s effective control of the Covid-19 pandemic can be attributed to aggressive contact tracing, mandatory quarantine upon arrival, consistent and transparent information from local and central governments, and local and national lockdowns when deemed necessary.

Vietnam has gone on a streak of 85 days without local transmission of Covid-19 and 1,341 total number of cases despite its close to 100m population.
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彭博列越南為疫情期間第十個最抗壓的經濟

彭博將越南列為在疫情期間53個規模超過2000億美金的經濟體內第十個最抗壓的。

該項研究包含了10個關鍵指標：病例的增長，死亡率，測試能力，疫苗供應協議等。越南得分為74.3 / 100，高於其他先進經濟體，例如新加坡，德國，美國和英國。

據彭博社報導，越南是預計在2020年實現正增長的5個經濟體之一，僅次於孟加拉國，埃及和中國。

越南對疫情的有效管控在於廣泛的接觸者追踪，入境後的強制隔離，地方和中央政府一致及透明的信息和在必要時進行的地區和全國封鎖。

儘管越南人口接近1億，越南已經連續85天零本土感染病例和總病例為1,341。

A Bloomberg ranking lists Vietnam 10th among 53 most resilient economies amid the havoc wreaked by the Covid-19 pandemic.

19/11/2020

Huge inflow of FDI into industrial parks and economic zones

中文版本在下方

Ministry of Planning and Investment (MPI) recorded 591 foreign invested projects in industrial parks and economic zones with a total FDI of $8.3b for the first 10 months.

According to the industrial whitepaper published by Savills, 20 key projects in the north and south regions invested more than $1.5b into the industrial real estates. 15 were made by companies from China, Hong Kong or Taiwan with majority of them situated in Bac Giang, Hai Phong, D**g Nai, Binh Duong and Tay Ninh provinces.

The report states that due to travel restrictions caused by the pandemic, most of the industrial investments are done by foreign companies expanding their current production lines or shifting them from abroad.

MPI data shows there are currently 280 industrial parks in Vietnam with an occupancy rate of 70.1%, and another 89 parks are under construction. According to Savills, there will be 6 additional large-scale industrial parks with total area of 3,733 ha starting operation before the end of 2021. Three of the largest ones being: Viet Phat, 1,800 ha; Phu My 3, 999 ha; Hai Phong 519 ha.
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大量外資流入工業園區和經濟區

越南規劃和投資部（MPI）的數據顯示工業園區和經濟區在10個月內吸引了591項總金額為83億美金的外資項目。

根據第一太平戴維斯（Savills）發布的工業白皮書，北部和南部地區的20個關鍵項目對工業房地產的投資超過十五億美金。其中有15家來自中國，香港或台灣的公司，它們的項目大多位於北江省，海防市，同奈省，平陽省和西寧省。

該報告指出由於疫情限制了旅行，大多數工業投資項目是由外國公司擴大其現有生產線或將生產線從國外轉移來越南的方式進行。

MPI數據顯示越南目前有280個工業園區，出租率為70.1％，另有89個園區正在建設中。據Savills稱，在2021年底之前將會有6個大型工業園區（總面積3,733公頃）正式投入營運。其中最大的三個為：越發 1,800公頃；富美3 999公頃；海防 519公頃。



Photo credit: BW Industrial Development JSC

10/11/2020

World Bank expects Vietnam to attract more FDI

(中文版本在下方)

Vietnam attracts $23.48b of FDI in the first 10 months of 2020, which is more than 6% of its GDP. Despite lower than the amount recorded same period last year ($29.13b), it is still the highest in term of % GDP among the emerging markets.

According to Carolyn Turk, the World Bank’s Country Director for Vietnam, effective control of Covid-19 can be Vietnam’s convincing advertisement for international companies looking to diversify their production lines to avoid unforeseen risks within global supply chains. Additionally, Vietnam has all the elements investors deemed important in shifting production lines: incentives on income tax, import export duties, land leasing prices and ample supply of labours.

However, she added, Vietnam could lose its advantage once other economies recover from the pandemic. To remain FDI attractive, she suggests the Vietnamese government to review policies and take actions to tackle increasing unemployment rate, fiscal spending and liquidity issue in the financial sector.

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世界銀行預計越南將引進更多FDI

越南在2020年的前10個月吸引了234.8億美元的外國直接投資（FDI），佔GDP的6％以上。儘管低於去年同期的291.3億美金，它仍是新興市場中佔GDP百分比最高的。

根據世界銀行越南國家主管Carolyn Turk的說法，越南可以利用有效管控新冠肺炎當作廣告說服希望多元化生產連以避免全球供應鏈中斷風險的國際公司。此外，越南具備對生產鏈轉移至關重要的所有要素：所得稅，進出口關稅和土地租賃的激勵措施和充足的人力資源供應。

但是，她補充越南可能會在其他經濟體從疫情恢復過來後失去現有的優勢。所以為了保持越南對外國直接投資的吸引力，她建議越南政府審閱政策和採取必要行動以解決失業率，財政支出上升和金融業流動性緊張問題。

"Giữa bối cảnh các doanh nghiệp trên toàn thế giới đang mong muốn tìm kiếm một 'bến đỗ' có khả năng đảm bảo tính liên tục trong hoạt động sản xuất, Việt Nam đang đứng trước những cơ hội rất lớn để thu hút vốn đầu tư nướ...

04/11/2020

Industrial land rentals in Hanoi and HCMC surge

(中文版本在下方)

Industrial land rentals in Hanoi and HCMC have increased 1.7 and 2 times year-on-year in the third quarter to $260 and $300 per square meter for 30-45 years, respectively. Meanwhile, CBRE Vietnam states that other locations in the southern and northern Vietnam increased for an average of 20-30%.

According to a market research conducted by Houselink on 130 industrial parks under operation and having available land for leasing, the most common land leasing price per leasing period (30-45 years) in the North is $71-90 per sqm, with 36% proportion. In the southern Vietnam, the most common leasing price is $110-150 per sqm, with 33% proportion. The central Vietnam has the lowest land leasing price, with 85% of them lower than $50 per sqm.

Industrial land rentals are expected to increase further with more international giants (eg. Apple, Foxconn, Samsung, Microsoft, etc) shifting production lines from China post-pandemic thanks to Vietnam’s effective containment of Covid-19.

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河內和胡志明市工業園區地價持續上漲

河內和胡志明市的工業用地租金在第三季度分別同比增長了1.7倍和2倍，分別達到每租憑期（30-45年）每平方米260美元和300美元。同時，越南世邦魏理仕指出，越南南部和北部的其他地區上漲了平均20-30％

根據Houselink對130個正在運營且有可出租土地的工業園區進行的市場研究，在北方最常見的土地租賃價格每租賃期(30-45年）為每平方米71-90美元，佔比36％ 。在越南南部最常見的租賃價格為每平方米110-150美元，佔比33％。越南中部的土地租賃價格最低，其中85％的價格低於每平方米50美元。

由於越南有效遏制了疫情，更多的國際巨頭（如蘋果，富士康，三星，微軟等）在疫情后會將生產線從中國轉移到越南，預計工業用地租金將進一步上漲。

Third quarter industrial land rents in Ho Chi Minh City and Hanoi have surged two and 1.7 times year-on-year, respectively.

30/10/2020

Vietnam achieved record trade surplus of $18.72b

(中文翻譯在下方)

Vietnam recorded a trade surplus of $2.2b in October and a record surplus of $18.72b over the past 10 months. Both export and import volumes grew amid the global pandemic.

According to the General Statistics Office of Vietnam (GSO), Vietnam achieved 4.7% growth in export revenue to $229.27b compared to the corresponding period last year.
US remained the largest importer with total revenue of $62.3b, a yearly increment of 24%.

Concurrently, import grew 0.4% to $210.55b. China remained the largest exporter with total volume of $65.8b, a yearly increment of 6.2%.

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越南創下187億美元貿易順差

越南10月的貿易順差為22億美元，更在過去的10個月創下187億美元貿易順差。儘管在疫情期間，進出口金額任然繼續增長。

根據越南國家統計局（GSO）的數據，越南今年的出口額比去年同期增長了4.7％，達到2292.7億美元。美國仍然是越南最大的進口國，總出口額為623億美元，年增長率為24％。

同時，進口額增長0.4％至2105.5億美元。中國仍然是越南最大的出口國，總出口額為658億美元，年增長率為6.2％。

26/10/2020

The best performer in SEA: VN Index crosses 10-month high

VN Index, which is based on Ho Chi Minh Stock Exchange (HOSE), surged to 10-month high of 961.26 amid Covid-19 pandemic. The index is the best performer in South East Asia after rallying more than 12% in the past three months. According to VietnamInsider, that is due to a number of positive factors including recovery in exports and increment in government spending. Additionally, the fall in bank 12-month deposit rates to 5.8% (the lowest in recent years) caused savers looking for higher return to switch from saving to stocks investing.

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東南亞表現最佳：VN指數創10個月來新高

位於胡志明市證券交易所（HOSE）的VN指數在疫情期間飆升至10個月來高點961.26。該指數在過去三個月裡上漲超了12％成為東南亞表現最好的指數。據VietnamInsider，這是由許多正面因素所致，包括出口復蘇和政府支出增加。此外，因為銀行12個月期存款利率下降至5.8％（近年來最低），導致許多尋求更高回報的儲戶從而轉向股票投資。

25/10/2020

Vietnam to become 4th largest economy in SEA

According to IMF’s latest World Economic Outlook (WEO), Vietnam sets to overtake Singapore and Malaysia to become 4th largest economy in South East Asia (SEA) this year. IMF expects Vietnam’s economy to grow by 1.6% in 2020 while Singapore and Malaysia to contract by 6%. Vietnam’s economy is expected to grow at a rate of 6-7% for the next five years to more than $500b in 2025.

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越南將成為東南亞第四大經濟體

根據國際貨幣基金組織最新的《世界經濟展望》，越南將在今年超越新加坡和馬來西亞，成為東南亞第四大經濟體。 IMF預計越南的經濟在2020年將增長1.6％，而新加坡和馬來西亞將萎縮6％。越南的經濟預計將在未來五年內以6-7％的速度增長，直到2025年時將超過5000億美金。

Photo credit to: https://vietnaminsider.vn

23/10/2020

Central Vietnam experiences the worst flood in decades

The central region of Vietnam (Ha Tinh, Quang Binh, Quang Tri and Thua Thien Hue) is now experiencing its worst flood in decades after weeks of heavy rains. Floodwaters in the region has caused more than 100 dead, dozens missing, and 100,000 residents evacuated. Experts Storm Saudel to bring more heavy rains to the region in the next 3 days.

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越南中部經歷了數十年來最嚴重的洪水

越南中部地區（河靜省，廣平省，廣治省和承天順化省）經過數週的大雨之後，正經歷著數十年來最嚴重的洪水。該地區的洪水已造成100多人死亡，數十人失踪以及10萬居民被疏散。專家預計接下來的三天颱風沙德爾將會給該地區帶來更多大雨。

Photo credit to: Vo Thanh (https://e.vnexpress.net/)

22/10/2020

First train for Hanoi’s second Metro has just arrived

The first train for Hanoi’s second metro line (Line 3) has just arrived in Hai Phong port from France. There are 10 trains in total, the last one will arrive next June.

Line 3 is constructed in three separated phases (26km in total). Phase 1 is further split into elevated and underground sections, 8.5km (8 stations) and 4km (4 stations) respectively. The elevated section (from Nhon to Cau Giay) will have its first test run in Q4 2020 and starts operating in H2 2021.

Another line that is close to opening is Line 2A (13.1km in total), it is now under its final stage of safety evaluation. Line 2A consists of 12 elevated stations that go from Cat Linh Station to Ha D**g BRT Station.

Property prices around the MRT lines are expected to increase together with the increase in traffic convenience.

For a clearer illustration of line 2A and 3, please visit (https://www.google.com/maps/d/u/0/viewer?mid=1laY4KtrFc4WZvD5loUEScJO0W3S4U0dN&ll=21.026430779798332%2C105.82642146192447&z=17)

For more information about the current state of Hanoi Metro: https://livinginasia.co/hanoi-metro-2020-construction-update/

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河內第二條地鐵的首列火車剛剛抵達海防

河內第二條地鐵的首列火車剛剛抵達海防 河內第二條地鐵線（3號路線）的首列火車剛剛從法國抵達海防港。 3號路線一共有10列火車，最後一列火車將於明年6月抵達。

3號路線將分三期建設，總長度為26公里。第一階段進一步分為高架線和地下線，分別為8.5公里（8站）和4公里（4站）。高架線（從Nhon到Cau Giay）將於2020年第四季度進行首次試運行，並於2021年下半年開始運營。

另一條即將開始運行的路線是2A號路線（總長13.1公里），目前處於安全評估的最後階段。 2A號路線包括從吉靈站到河東BRT站的12個高架站。

地鐵系統將有效的緩解日益嚴重的交通擁堵和提高周圍房地產升值的潛能。

更多有關2A和3路線的路程：
https://www.google.com/maps/d/u/0/viewer?mid=1laY4KtrFc4WZvD5loUEScJO0W3S4U0dN&ll=21.026430779798332%2C105.82642146192447&z=17

更多有關河內地鐵當前的狀態：
https://livinginasia.co/hanoi-metro-2020-construction-update/

18/10/2020

Hanoi new apartment supply hits 5-year low

Hanoi’s Q3 2020 supply of new apartment fell 60% year-on-year to 5-year low of 3,100 units as Covid-19 slowed new launches. According to Do Thu Hang, director of advisory services at Savills Hanoi, “major developers have been delaying launching new units this year due to Covid-19 impacts.” Meanwhile, absorption rate fell 12% year-on-year to 20%, which means 20% of real estate inventory is sold every month.

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河內新公寓供應創五年新低

由於Covid-19放緩了新項目的發布，河內2020年第三季度的新公寓供應量同比下降了60％至5年新低的3,100套。 Savills河內諮詢服務總監Do Thu Hang表示：“由於Covid-19的影響，主要開發商今年已延遲推出新項目。”同時，吸收率同比下降12％至20％，這意味著每月售出的公寓數量是總庫存的20％。

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Hanoi’s Q3 new apartment supply fell 60 percent year-on-year to a five-year low of 3,100 units as Covid-19 hampered new launches.