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COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL Prepared by Vietnam Overview Colliers International Ho Chi Minh City, Vietnam Vietnam Investment Promotion Day May 2018 Prepared for
Transcript
Page 1: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

Prepared by

Vietnam Overview

Colliers International

Ho Chi Minh City, Vietnam

Vietnam Investment Promotion Day

May 2018

Prepared for

Page 2: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

01 COLLIERS INTERNATIONAL PROFILE

Page 3: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

Page 4: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

01 COLLIERS INTERNATIONAL PROFILE

SERVICE LINESVIETNAM

Contact Us:Deutsches Haus, 3rd Floor33 Le Duan Street, District 1,Ho Chi Minh City, Vietnam

> Colliers International is one of the longest International Property consulting firms operating in Vietnam.

> Has two major offices located in Hanoi and Ho Chi Minh City.

> Have around 100 real estate professionals operating in a wide variety of service lines.

Page 5: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

02 VIETNAM OVERVIEW

Page 6: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

02 VIETNAM OVERVIEW

IN THE REGIONTHE BIGGER PICTURE

Contact Us:Deutsches Haus, 3rd Floor33 Le Duan Street, District 1,Ho Chi Minh City, Vietnam

Page 7: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

VIETNAM POPULATION (2010–2017)

02 VIETNAM OVERVIEW

86,930 87,860

88,809 89,760

90,729 91,713

92,695

95,415

0%

2%

4%

6%

8%

10%

82,000

84,000

86,000

88,000

90,000

92,000

94,000

96,000

98,000

2010 2011 2012 2013 2014 2015 2016 2017

YO

Y G

row

th

Po

pu

latio

n (

‘000s)

Population ('000) % growth

> Vietnam is the third largest country in terms of population size among the Association of Southeast Asian Nations (ASEAN).

> As of 2017, Vietnam registered a 8.2% year-on-year (“YOY”) growth to a total population of about 95.4 million in 2017. It is expected

to reach close to 97 million by end of 2018.

> The surging growth in population has been supported by increase in fertility rates and marital rates of an age group between 20

and 45, which accounts for about 44% of the total population).

POPULATIONVIETNAM

POPULATION OF ASEAN COUNTRIES (2017)

Rank Country Population

1 INDONESIA 261,890,000

2 THE PHILIPPINES 104,918,000

3 VIETNAM 95,415,000

4 THAILAND 66,189,000

5 MYANMAR 52,920,000

6 MALAYSIA 32,050,000

7 CAMBODIA 16,005,000

8 LAOS 6,858,000

9 SINGAPORE 5,612,000

10 BRUNEI 429,000

Source: CEIC, Oxford Economics Source: CEIC, Oxford Economics, Wordometers

Page 8: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

POPULATION DISTRIBUTION BY AGE (2010-2017)

02 VIETNAM OVERVIEW

DEMOGRAPHICSVIETNAM

POPULATION PYRAMID (2017)

Source: CEIC, Oxford Economics Source: Oxford Economics

0%

20%

40%

60%

80%

100%

2010 2011 2012 2013 2014 2015 2016 2017

0-15 15-64 65 or above

> Based on the age group, age between 15-64 comprises the highest proportion, which indicate that Vietnam has a growing younger

generation showing a positive outlook for economic growth

> Economically active groups of individuals aged 15-64 composed of 70% of the population and that is forecasted to continue to

grow in the coming years providing a strong labor force at the same time.

Page 9: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

DISPOSABLE INCOME PER CAPITA OF HO CHI MINH CITY (2013-2017)

02 VIETNAM OVERVIEW

DISPOSABLE INCOME PER CAPITAHO CHI MINH CITY

0

500

1,000

1,500

2,000

2,500

2013 2014 2015 2016 2017

Gro

ss N

atio

nal In

com

e P

er

Cap

ita (

USD

)

HCMC

Source: General Statistics Office of Vietnam

With the growing economy, comes the rising disposal income. More major purchases are made as in housing, cars, travels, tertiary

education and foreign education, going beyond essentials.

Page 10: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

ECONOMIC OUTLOOKVIETNAM

Driven by rising foreign direct investment, vigorous export growth, robust domestic demand, and the various enactment of trade

treaties, Vietnam’s economic outlook is looking stronger than even/r.. This comes after a series of adverse events in early 2017

that undermined Vietnam’s status as a major exporter but the country achieved over 6% growth YoY for 2017 and the trend

continues. GDP in the first quarter of 2018 achieved an estimated increase of 7.38% compared to the same period last year,

indicating the highest growth rate of the first quarter in the last ten years.

ECONOMY SNAPSHOT

INDUSTRIAL SNAPSHOT

> The economic structure has seen a gradual shift from agriculture to

industry-services in the last five years. With the significant influx of

foreign investment, the proportion of the industry and construction

sector has risen to 35.26% 2018.

> Manufacturing was also a key contributor to growth, rising 13.56%

over the quarter driven by a 9.07% rise in the industry and

construction sector.

> Total international arrivals in first three months reached 4,205,401

arrivals, an increase of 30.9% over the same period last year.

GDP FORECAST BY MAJOR PARTIES

6.5% 6.4% 6.6%

Asian

Development

Bank

IMFWorld Bank

02 VIETNAM OVERVIEW

Page 11: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

02 VIETNAM OVERVIEW

ASSOCIATION OF SOUTH EAST ASIAN (ASEAN)NATIONAL ACCOUNTSGDP (2017)

GROSS DOMESTIC PRODUCT (USD Mil)

RANK COUNTRY GDP (USD Mn)

1 INDONESIA 1,015,544

2 THAILAND 455,510

3 SINGAPORE 324,017

4 MALAYSIA 314,656

5 THE PHILIPPINES 313,595

6 VIETNAM 223,868

7 MYANMAR 75,745

8 CAMBODIA 20,937

9 LAOS 14,811

10 BRUNEI 12,128

Source: CEIC, Oxford Economics

GDP PER CAPITA (2017) REAL GDP YOY GROWTH (2017)

GDP PER CAPITA (USD)

RANK COUNTRY GDP PER CAPITA

1 SINGAPORE 57,772

2 BRUNEI 28,290

3 MALAYSIA 9,818

4 THAILAND 6,882

5 INDONESIA 3,878

6 THE PHILIPPINES 2,989

7 VIETNAM 2,358

8 LAOS 2,160

9 CAMBODIA 1,308

10 MYANMAR 1,196

REAL GDP YOY GROWTH

RANK COUNTRY YOY GROWTH

1 CAMBODIA 7.0%

2 VIETNAM 6.8%

2 LAOS 6.8%

4 MYANMAR 6.8%

5 THE PHILIPPINES 6.7%

6 MALAYSIA 5.9%

7 INDONESIA 5.1%

8 THAILAND 3.9%

9 SINGAPORE 3.6%

10 BRUNEI 1.3%

Source: CEIC, Oxford EconomicsSource: CEIC, Asia Development Bank

Page 12: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

IMPORTS AND EXPORTS (2010-2017)

02 VIETNAM OVERVIEW

IMPORTS AND EXPORTSVIETNAM

Source: CEIC

0%

15%

30%

45%

60%

75%

0

50,000

100,000

150,000

200,000

250,000

2010 2011 2012 2013 2014 2015 2016 2017

Fore

ign

Tra

de

(USD

Mil)

Imports (USD mn) Exports (USD mn) Imports YOY Growth Exports YOY Growth

Page 13: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

CURRENCY EXCHANGE RATES, VIETNAMESE DONG (VND) TO UNITED STATES DOLLAR (USD) (2010-2017)

02 VIETNAM OVERVIEW

IMPORTS AND EXPORTSVIETNAM

Source: Oxford Economics

> Last major depreciation was in August 2015 and the Vietnamese Dong has been stable since. 2018 is slated to be a positive year

for the Vietnamese dong, thanks to Vietnam’s stable macroeconomics and strong capital inflows. The most positive prediction

actually forecasts that the VND will appreciate by 1 per cent against the USD partly attributable to a weakening US.

> The Chinese yuan is forecast to strengthen by 1 per cent as well. If the Dong can match this level, Vietnam’s exports won’t lose

much of their competitiveness.

> Vietnam’s foreign reserves now stand at USD 54.5 billion, the highest level ever recorded.

> Note that Vietnamese Dong is not a tradable currency in the international market

0%

2%

3%

5%

6%

8%

0

5

10

15

20

25

2010 2011 2012 2013 2014 2015 2016 2017

YO

Y C

han

ge

VN

D (

‘000s)

USD to VND % Change of USD to VND

Page 14: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

02 VIETNAM OVERVIEW

ASSOCIATION OF SOUTH EAST ASIAN (ASEAN)EMPLOYMENT RATE AND GROSS NATIONAL INCOME PER CAPITAEMPLOYMENT RATE (2017)

EMPLOYMENT RATE

RANK COUNTRY EMPLOYMENT RATE

1 CAMBODIA 99.7%

2 LAOS 99.3%

3 MYANMAR 99.2%

4 THAILAND 98.8%

5 SINGAPORE 97.8%

6 VIETNAM 96.8%

7 MALAYSIA 96.5%

8 INDONESIA 94.5%

9 THE PHILIPPINES 94.3%

10 BRUNEI 92.9%

Source: CEIC, Trading Economics

GROSS NATIONAL INCOME PER CAPITA (2017)

GNI PER CAPITA (USD)

RANK COUNTRY GNI PER CAPITA

1 SINGAPORE 51,880

2 BRUNEI 32,860

3 MALAYSIA 9,860

4 THAILAND 5,640

5 THE PHILIPPINES 3,580

6 INDONESIA 3,400

7 LAOS 2,150

8 VIETNAM 2,060

9 MYANMAR 1,190

10 CAMBODIA 1,140

Source: World Bank

Page 15: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

2013 2014 2015 2016 2017

Fo

reig

n D

irect

In

vest

men

t (U

SD

mil)

HCMC Hanoi

FOREIGN DIRECT INVESTMENT OF MAJOR CITIES IN VIETNAM (2013-2017)

02 VIETNAM OVERVIEW

FOREIGN DIRECT INVESTMENTHO CHI MINH CITY / HANOI

Source: General Statistics Office of Vietnam

> FDI has been on the rise and most importantly, the disbursed capital remains strong.

> HCM City was at the top, among 59 localities receiving FDI during the year, followed by the northern province

of Bac Ninh and the central province of Thanh Hoa.

Page 16: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

TOP 3 FOREIGN DIRECT INVESTMENT COUNTRIES IN VIETNAM (2015-2017)

02 VIETNAM OVERVIEW

FOREIGN DIRECT INVESTMENTHO CHI MINH CITY

Among 115 countries and territories investing in VN in 2017, Japan topped the list with USD 9.11 billion, making up 25.4%of the FDI

pledged to the country. Followed by South Korea with USD 8.49 billion or 23.7% of the FDI, and Singapore with USD 5.3 billion or

14.8%.

HCM City was at the top, among 59 localities receiving FDI during the year, followed by the northern province of Bac Ninh and the

central province of Thanh Hoa.

South Korea USD 2.9 bil (17.2%) South Korea USD7.0 bil (28.8%) Japan USD9.1 bil (25.4%)

Malaysia USD 2.5 bil (15.7%) Japan USD2.6 bil (10.6%) South Korea USD8.4 bil (23.7%)

Japan USD 1.3 bil (8.2%) Singapore USD2.4 bil (9.9%) Singapore USD5.3 bil (14.8%)

TOP 3 FOREIGN DIRECT INVESTMENT RECIPIENT CITIES IN VIETNAM (2015-2017)

HCMC 18.0% HCMC 14.0% HCMC -

Tra Vinh 16.2% Hai Phong 12.3% Bach Ninh -

Binh Duong 15.8% Hanoi 11.4% Thanh Hoa -

Page 17: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

TOP 3 FOREIGN DIRECT INVESTMENT SEGMENTS IN VIETNAM (2015-2017)

02 VIETNAM OVERVIEW

FOREIGN DIRECT INVESTMENTVIETNAM

Manufacturing &

Processing

USD15.2 bil (67%) Manufacturing &

Processing

USD15.5 bil (63.7%) Manufacturing &

Processing

USD15.9 bil (44.2%)

Production &

Distribution of

Electricity

USD2.8 bil (12.4%) Automobile /

Motorbike Wholesale

USD1.9 bil (7.79%) Production &

Distribution of

Electricity

USD 8.4 bil (23.3%)

Real Estate USD2.4 bil (10.5%) Real Estate USD1.7 bil (6.9%) Real Estate USD3.1 bil (8.5%)

TOP 3 FOREIGN DIRECT INVESTMENT SEGMENTS IN VIETNAM (2017)

Inflow mainly are from manufacturing-processing industries

accounting for over 44% of total registered FDI.

Page 18: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

02 VIETNAM OVERVIEW

SOCIALIST REPUBLIC OF VIETNAMPOSITIVE ASPECTS

• Positive economic prospects in terms of growth even through the global economic crisis

• A young, low cost, rapidly growing and increasing technologically qualified workforce

• Social and political stability

• A firm commitment to liberalize the economy and to introduce reforms based on free market

• A movement away from a frontier market to emerging market

• Industrialization and urbanization

• Increasing amount of disposable income

Page 19: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

02 VIETNAM OVERVIEW

SOCIALIST REPUBLIC OF VIETNAMNEGATIVE ASPECTS

• Weak financial and institutional structures.

• Undergoing reformation but financial sector is neither well regulated

nor independent of the Government.

• Unequal allocation of resources between SOE and private sectors

• Lack in guarantees for property rights

• Transparency issues

• Poor legal framework

Page 20: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

03 DRIVING CHANGES

Page 21: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

SOCIALIST REPUBLIC OF VIETNAMPRE 2015

• restrictions on foreign ownership

• lack of qualified developers

• speculative bubble from 2006 to 2008

• small size of leasing market

• lack of clear legal framework

• complicated administrative procedures

• regulations complex

• more ...

Slow growth market

Page 22: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

SOCIALIST REPUBLIC OF VIETNAMPOST 2015

• Streamlined process for acquiring equity in Joint Ventures/

Joint Stock Companies / Property Holding Companies (Vietnamese

version of Special Purchase Vehicles)

• Increase in Foreign ownership Cap from 51% to 100%

• Reduction from 75% to 65% requirement for shareholders voting to

form a super majority

Legal Point to Note – Changes in Valuation VN structure – MOC to MOF

Page 23: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

SOCIALIST REPUBLIC OF VIETNAMPOST 2015 RESIDENTIAL RIGHT TO BUY

Subjects Conditions Purposes Comments

Vietnamese

entities

No specific conditions All purposes:

• For use

• For lease

• For sale

Having full rights

Vietnamese

Overseas

No specific conditions All purposes:

• For use

• For lease

• For sale

Having full rights (only for

residential houses but not

for Com. Property)

Foreign

individuals

• Permitted to enter into

Vietnam

• Not being a diplomat or

subject to consulate immunities

All purposes (only for

residential houses):

• For use

• For lease

• For sale

Having limited rights

FOEs Depending on circumstances Limited purposes Having limited rights

Page 24: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

SOCIALIST REPUBLIC OF VIETNAMPOST 2015 SUBLEASE

Investors

Vietnamese entities

Construction of property for sale/lease

FOEs

Construction of property for sale/lease

Traders

Vietnamese entities

Purchase of property for sale/ lease

Lease of property for sub-lease

FOE

Lease of property for sub-lease

Page 25: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

04 INVESTMENT

Page 26: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

PROPERTY TITLE AND PROPERTY RIGHTS / OWNERSHIP SYSTEM

> There is no freehold title of land in Vietnam available for foreign investors. A Land Use Right ("LUR") for a term of years (normally

up to 50 years (maximum 70 years in some special circumstances such as power stations) is the main form of property ownership

applicable to investors.

> Under the Land Law 2003, Enterprise Law 2005 and their implementing documents, foreign investors can acquire land directly by

leasing land from the State after establishing a 100 % Foreign Owned Company registered in Vietnam, or by creating a Joint

Venture Company ("JVC") with a Vietnamese partner who contributes the LUR to the JVC as their capital contribution after which

the LUR is transferred into the name of the JVC ( the foreign investor then holds the shares of the JVC which holds the land as its

asset ), or alternatively the foreign investor can acquire the shares or assets of an existing Company holding the land by way of an

LUR.

> A Certificate of LUR and Ownership of House and Other Assets Attached to the Land ("LURC") is issued by competent authorities

as a legal title for the property ownership.

Page 27: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

Residential – Should I buy? Vietnamese Market

Page 28: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

OFFICE MARKET

Page 29: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

RESIDENTIAL MARKET

• Rapid Urbanization needs accommodation

• Quick process of development and fast changes / Have we peaked?

• Vietnamese End User / Investor currently driven by Capital Appreciation

does not typically understand yields

• Investment driven by speculators / short term investors – 70% of buyers

• Market Value Vs Perception of Worth

• Legal System catching up and changing all the time / Financial system

• Red Tape

• Wide variety of variable and not accurate and transparent market information

• Are transactions at an “arms length”? – who is left “holding the baby?”

• Limited planning on developments over construction progress

• Is progress sustainable – Size of developments should limited some growth

• Is new project vs old project worth investing in?

Page 30: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

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ANNUAL MARKET SUPPLY AND FUTURE PIPELINEEXISTING SUPPLY

04 LOGISTICS MARKET OVERVIEW

HCMC INDUSTRIAL PARK OVERVIEW

No Name of Industrial Park LocationKM to

CBD

Total leasable

area (ha)

Asking Rent

(US$/sqm/term)Occupancy

1 Cat Lai Industrial Park (Cluster II) District 2 21 87 90 100.00%

2 Tan Thuan Export Processing Zone District 7 6.4 204 260 99.56%

3 Saigon Hi-tech Park P1 District 9 15 300 180 98.33%

4 Tan Thoi Hiep District 12 16 20 144 100.00%

5 Tan Binh Industrial Park(P1+2) Tan Phu 11 100 235 100.00%

6 Vinh Loc Industrial Park Binh Chanh 15 131 250 99.77%

7 Le Minh Xuan Industrial Park Binh Chanh 20 66 120 100.00%

8 An Ha Industrial Park Binh Chanh 23 124 69 88.46%

9 Le Minh Xuan III Binh Chanh 26 231 141 80.00%

10 Binh Chieu Industrial Park Thu Duc 16 27 150 100.00%

Page 31: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

04 LOGISTICS MARKET OVERVIEW

ANNUAL MARKET SUPPLY AND FUTURE PIPELINEFUTURE SUPPLY

HCMC INDUSTRIAL PARK FUTURE SUPPLY OVERVIEW

No. Industrial Park Name District GFA (ha) Expected Completion

1. Vinh Loc I - phase 2 Binh Chanh 56 2019

2. Le Minh Xuan Industrial Park - phase 2 Binh Chanh 338 2020

3. Hiep Phuoc Industrial Park - phase 2 Nha Be 597 2020

4. Le Minh Xuan Industrial Park - phase 3 Binh Chanh 242 2021

5. Tay Bac Cu Chi Industrial Park - phase 3 Cu Chi 1,000 2023

6. Vinh Loc Industrial Park III Binh Chanh 210.3 (+20 yrs)

7. Vinh Loc I - phase 3 Binh Chanh 200 (+20 yrs)

Page 32: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

RETAIL SECTOR

Page 33: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

RETAIL SECTOR

Page 34: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

E COMMERCE PENETRATION

Page 35: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

CONCLUSIONS

• Know the reason you are buying / investing? What is your exit strategy?

• Seek professional consulting – this is still in some respects a frontier market!

• Re-investigate your current legal documents

• Always seek proper legal advise

• Do not listen to the masses try to understand what the proper value is?

Page 36: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

Page 37: Vietnam Overview2) Colliers.pdf · colliers international | private & confidential 02 vietnam overview association of south east asian (asean) national accounts gdp (2017) gross domestic

COLLIERS INTERNATIONAL | PRIVATE & CONFIDENTIAL

Contact detailsGet in touch

Address:Deutsches Haus, 3rd Floor 33 Le Duan Street, District 1,Ho Chi Minh City, Vietnam.

Phone: +84 8 3827 5665

E-mail: [email protected]

Web-site: www.colliers.com

Fax: +84 8 3827 5667

Mobile: +84 906 925 935

Colliers InternationalAccelerating success.


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