Weekly News Highlights 10 May 2019

WEEKLY NEWS HIGHLIGHTS 2 – 10 May 2019

1. Policy 2. Real Estate 3. Investment 4. Energy

Policy

The Ministry of Finance is drafting a Decree amending and supplementing a number of articles of the Government’s Decree No. 63/2017 / ND-CP stipulating some special financial and budgetary mechanisms and policies for Hanoi.

According to the Vn economy Magazine on 8 May 2019, with this draft Decree No.63/2017/ ND-CP is to amend the credit balance of the city’ budget from not exceeding 70% to not exceeding 90% of allocated local budget revenues.

The draft also stipulates that State administrative agencies, political organizations, socio-political organizations and public non-business units managed by Hanoi shall use redundant funds for salary reform to increase expenditure for investment, procurement and operational activities of agencies, organizations and units and pay for additional incomes.

The Decree will be issued by the Government in 2019 after consulting all units

Real Estate

Real Estate market in some Provinces attracted some big investors who invested some projects have large- scale and international.

According to the Vn Economy Magazine on May 3, 2019, at Ana Marina Nha Trang international marina, the exclusive signing ceremony of Crystal Marina Bay project development between Crystal Bay Group and KW Phuc An (Phuc An Group) and Hoang Mai Media.

Crystal Marina Bay supplied about 2,000 Apart-Hotels with 5-star international standards will significantly solve the great demand of international luxury vacationers that Crystal Bay is bringing to Nha Trang every year.

Moreover, Binh Thuan Market is a real estate market has recently been strongly boosted by a series of large infrastructure projects to be developed as bellows:

Firstly, the Phan Thiet airport has recently been approved by the Prime Minister to scale from more than 5,000 billion dong to over 10,000 billion dong.

Secondly, The Ministry of Transport has recently approved an investment project for construction of highways on the North-South route in the period of 2017-2020 in Binh Thuan province with a total investment of 39.66 trillion dong.

Facing a strong breakthrough of infrastructure, in the second quarter of 2019, a series of large real estate projects landed. Specifically, on the road of Vo Nguyen Giap Resort, it is possible to mention the Mui Ne. Summerland Resort project - the Lasvegas model, entertainment and party complex with a scale of 31.5 hectares of Hung Loc Phat Corp, will start in May 2019. In addition, there is a project of about 1,000 hectares - NovaWorld Phan Thiet of Novaland Group. Novaworld will diversify types of high-class entertainment and entertainment areas and Universal model theme parks, Safari wild zoo, golf course ...

With the heat from infrastructure and entertainment super projects will push real estate prices up, similar to the inherent potential of this locality in the near future.

Source: Cafef.vn

Vietvalues Appraisal and Consultant Ltd Company | Suite 1202, Citilight Tower, 45 Vo Thi Sau, District1, HCMC

WEEKLY NEWS HIGHLIGHTS | 2-10 May 2019

Investment

To continue to innovate, capitalize on opportunities brought by Industry 4.0 and focus on training human resources to sustain development and remain the driving force behind the country’s development.

According to the VIR Magazine, Government officials, business groups and executives, and experts gathered at a conference in Dong Nai Province’s Bien Hoa City on Monday to discuss measures to enable the southern key economic region to remain spearhead of the country’s economic development. Dong Nai Province and the Ministry of Transport to focus on paying compensation to and resettling people whose lands have been acquired for the Long Thanh International Airport so that work on it could start next year.

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Energy

Vietnam is one of the most efficient power markets in Southeast Asia, driven by low-cost resources such as hydro and coal. The country has achieved around 99 % electrification with relatively low cost in comparison to neighboring countries.

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For more information: LE QUOC HUNG Managing Director Mob: +84 906 787 134 Email: quochung@vietvalues.com.vn

With electricity demand projected to increase by 8% annually until 2025; the government is moving forward to develop renewable energy sources to ensure energy security and addressing the growing power demand. Therefore, according to the Vn Economy Magazine on April 27, 2019, Deputy Prime Minister Vu Duc Dam attended the inauguration ceremony of the 330MWP solar power plant in Ninh Thuan. The project is invested by BIM Energy (the energy brand of BIM Group) and AC Energy (Ayala Philippines group) and will be the largest solar power plant in Southeast Asia by the current time to meet the growing demand in next time.

PHAM MINH TUAN Research Analyst Mob: +84 372 369 423 Email: minhtuan@vietvalues.com.vn

The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made, the accuracy of the whole or any part can not be guaranteed, represented and taken responsibility. Readers are encouraged to consult their professional advisors before acting on any of the materials contained in this report.