12/08/2020
There are some reasons as:
The First Reason
Vietnam has effectively controlled the spread of the Covid-19 epidemic and maintained a safe environment for production and trade. With many natural advantages, Vietnam is a promising place for foreign investors to expand their supply chains.
Before the epidemic, many businesses with factories in China had eyed Vietnam and other ASEAN countries.
Nguyen Anh Van, an official of the Van Trung 2 Industrial Park in Bac Giang province, says they have heard from a growing number of foreign investors wishing to invest in the industrial park.
“The first thing foreign investors ask about is the provincial investment policies, whether they’re favorable or not. The second matter of their concern is the location and infrastructure of the industrial park. Third, they want to know about labour quality and availability,” Van explains.
Taking advantage of opportunities
Successful containment of the COVID-19 epidemic has confirmed Vietnam’s ability to ensure a stable, safe environment.
Nikkei Asian Review reports shifting of investment is inevitable after the COVID-19 pandemic and ASEAN countries like Vietnam will be favored destinations. The IMF’s World Economic Outlook report for 2020 agrees Vietnam has the best growth prospect in ASEAN. Meanwhile, the World Bank concludes Vietnam’s economy was resilient to external shocks in the first few months of this year and its economy will rebound.
Director of the American Chamber of Commerce Adam Sitkoff says Vietnam is a lucrative investment destination in Asia.
According to Hirai Shinji, Chief Representative of Japan’s External Trade Organization in Ho Chi Minh City, Vietnam has successfully contained the epidemic and will now receive more foreign direct investment.
ChosunBiz, an economic newspaper published by the Republic of Korea’s Chosun Group, points out that the Vietnamese government’s determination to fight the epidemic received strong support from foreign investors. It gives as example Samsung’s closure of factories elsewhere in the world, but not in Vietnam.
Bloomberg predicts the Vietnamese economy will bounce back because Vietnam is a favored destination for foreign investors. It says US$12 billion was registered in Vietnam in the first four months of this year.
The Vietnamese government has set a GDP growth target of 5%. Fitch Ratings has kept the outlook for Vietnam at “stable” as they expect a strong recovery in 2021, with growth forecast at 7.3%.
The Second Reason
First Vietnam Metro Rail to Take Shape Property Market
SEPTEMBER 05, 2019
As skyscraper homes rise in the city of two names, urban metro lines are also in full speed ahead.
Vietnam is improving infrastructure to transform the city and to have a more competitive economy. One remarkable project on the works is the first Ho Chi Minh metro rail system. Despite the previous delays, mass transportation will soon to have an impact on the property market.
Developers can look forward to the increase and surge of the property sale price. Real estate investors can expect a higher return too because of its property value – premium houses and condos near public transportation.
Impact of Vietnam Metro Line in Real Estate Property
Saigon’s Metro Line Layout
The Ho Chi Minh metro line is set to have six routes.
Line 1 will start at Ben Thanh in the central area until Suoi Tien in District 9.
Line 2 will run between Ben Thanh Market to Tham Luong.
Then Line 3 will end at Bin Tan District.
As for Line 4, it will start from Lang Cha Ca and will end at Van Thanh Park.
Line 5 will stretch from District 8 to District 2.
While Line 6 will operate from Ba Queo to Phu Lam.
To real estate investors who are searching for prime Vietnam properties, here are condos for sale close to the metro rail routes.
The Third Reason
The golden land funds are being developed in the center, which is the new land of Thu Thiem, District 2.
New City Area of District 2, HCM, VN.
This article is a comprehensive guide to every major project in District 2. It includes apartment towers, mixed use developments, public transport and infrastructure, along with public buildings and architectural landmarks. Projects are listed by ward and in no particular order.
Thu Thiem – Empire City
Empire City is one of the signature projects of the Thu Thiem New Urban Area, being on prime riverfront land next to the Thu Thiem tunnel. The development is being built in stages by four developers.
The Empire 88 Tower is designed by Büro Ole Scheeren, and this 88-storey tower is currently the tallest building planned for District 2 (over 300 metres). This is by the same architect that designed the MahaNakhon Tower in Bangkok.
Lotte Eco Smart City
Lotte Eco Smart City is a mixed-use development on one of the two plots of riverfront land that faces Downtown District 1. This project has been delayed for years but it appears that an official design announcement will be made in 2019.
Lotte said that there will be “an iconic tower” in the plan, so with the Empire Tower next door it would make the waterfront look like a mini Pudong.
Thu Thiem Square and Riverside Park
The central point of the Thu Thiem New Urban Area will be Thu Thiem Square. This is opposite Me Linh Square in District 1, and will be connected by a pedestrian bridge.
The square (or trapezium if we are being geometrically correct) is wedged between Lotte Eco Smart City and the City Planning Exhibition Center.
Part of this development package also includes Riverside Park, which will be a pedestrian area between the two new bridges connecting Districts 1 and 4 to District 2. The square and riverside park will have the capacity of accommodating up 500,000 people for cultural events.
According to the developer’s website, the Central Square & Riverside Park is scheduled to be completed before April 30, 2020 to commemorate the 45th anniversary of Vietnam’s unification.
Thu Thiem Parish Church
There used to be a settlement on the Thu Thiem riverbank until the land clearance began in preparation for the new urban development. One of the few remaining buildings is the Thu Thiem Parish Church compound. The future of the church had been uncertain for over a decade, but it now appears that the church will remain. The church is in front of the Lotte development area.
Near the church used to be the ferry that connected District 1 to Thu Thiem, which was discontinued after the Thu Thiem tunnel opened in 2011.
Opera House / Performing Arts Centre
Next to the future Thu Thiem 2 Bridge is a proposed opera house or performing arts center. There is no official design yet, so various renders are online of what it might look like. Ho Chi Minh City authorities have approved over US$64.3 million for the project, due to begin construction in 2020.
Sala City
Sala City is a mixed-use development by Dai Quang Minh Corporation. It’s the biggest development in terms of land footprint, taking up the lower half of the Thu Thiem peninsula.
Approximately half of the area includes the Southern Delta ecological park. This wetland will be conserved and integrated into flood mitigation of the peninsula.
The rest of the project is divided into different sections of villas, shophouses, apartment towers, parks, and schools.
At the centre of the Thu Thiem New Urban Area is the Dai Quang Minh Corporation office tower. It’s on the prominent corner of Mai Chi Tho and Nguyen Co Thach, and from District 1 it’s a useful landmark as the geographical centre of the peninsula.
DQM Corp are building this development as part of a Build Transfer (BT) program. They are building the four main roads of Thu Thiem, the central square and riverside park, Thu Thiem 2 Bridge, and the D1-D2 pedestrian bridge, in exchange for land.
The Metropole Thu Thiem
Mixed-use development consisting of luxury residences, premium shopping and F&B outlets and international-standard office space. The development is located next to the Thu Thiem Bridge 2, which is next to the planned landmark opera house.
Thu Thiem River Park
Thu Thiem River Park (also referred to as The Riverin Thu Thiem) is next to the Thu Thiem Bridge and will house around 1,140 units and include swimming pools, public green areas, and supermarkets.
Thu Thiem 2 Bridge
Thu Thiem 2 Bridge is – as the name suggests – the second bridge connecting Thu Thiem (the first bridge from Binh Thanh District being completed in 2008). Thu Thiem 2 will connect District 1 to Disctrict 2 and it will become a prominent landmark on the waterfront.
It’s being built by Dai Quang Minh Corporation as part of the BT contract.
Thu Thiem Railway Station
Thu Thiem Railway Station (Ga Thu Thiem) is the planned new terminal for long distance railways in Ho Chi Minh City. This will also be the station for the Thu Thiem station of metro line 2. The redevelopment of the north-south railway has been in planning for years but it is still no closer to starting. A large parcel of land has been reserved for the station for when it eventually is built.
Ho Chi Minh City Metro
Line 1 of the Ho Chi Minh City Metro is currently the only line under construction. There are three stations within District 2, following the route of the Hanoi Highway in Thao Dien and An Phu.
Line 2: The District 2 section of Line 2 will go from Ben Thanh Station in District 1, under the river to the future Thu Thiem main train station. Another proposal has the metro extended from Ga Thu Thiem to Cat Lai, but this is not featured on the metro management website as an official plan.
Source from news.asiaproperty365 và customersnew, Vietnam-briefing
