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Wardner bc real estate

M&A pushing ahead real estate market

March 4, 2021 by vietnamnet.vn

The long process of project approval from competent government agencies and the serious impact of COVID-19 have helped mergers and acquisitions in real estate sector become more active.

A recent report released by VNDirect Securities Corporation stated that mergers and acquisitions (M&A) deals, especially in transferring part of large-scale real estate projects, were considered one of the fastest solutions for foreign developers when they want to jump into the Vietnamese real estate market, as well as for the domestic developers expanding their land fund and investment portfolios.

This report also cited that some projects from giant developers are currently in the negotiation process with most expected to be completed this year.

“Thanks to the improvement of the legal system in the Law on Investment, a range of deals will be done within this year with total value up to more than $1 billion,” the report cited.

According to Tran Khanh Hien, deputy director of the Research at VNDirect, the real estate market in 2021 will be step-by-step resumed at its active level, based on the economic recovery, rising housing demand, and increased supply due to a range of projects that will be permitted to continue after long delays to review procedures.

The Gem Riverside, funded by domestic developers Dat Xanh Group, and the Eco-smart city at Thu Thiem from South Korea’s Lotte Group, are among those looking to be kicked forward.

Developers cited that M&A deals in real estate are a motivation for developers to be resumed after a long time of being impacted by the ongoing pandemic.

Nguyen Thai Phien, senior financial director at Novaland Group, said that the corporation is based on M&A deals in order to develop its land fund and business for long-term development.

Novaland started collecting land in 2005 via M&As and currently boasts more than 700 hectares in the east of Ho Chi Minh City, 700ha in Dong Nai province, and more than 2,000ha in Phan Thiet of Binh Thuan and Ba Ria-Vung Tau provinces.

Asian activity

Masataka Sam Yoshida, head of the Cross-border Division of RECOF Corporation, said that the trend of Japanese companies into Vietnam is increasing.

The Vietnamese real estate market is presented with a range of large-scale Japanese developers such as Mitsubishi, Nomura Real Estate, Daiwa House Industry, Sumitomo Forestry, Creed Group, Samty Asia Investments, Kajima Corporation, and more.

Most of the sectors in Japan, according to Yoshida, have developed to its highest level so they need to find new markets to expand outside of Japan.

The second factor is the M&A growth strategy supported by the abundant accumulated money over the past 20 years, reaching trillions of US dollars.

“Japanese businesses are still looking to Vietnam in the process of searching and expanding markets, taking advantage of the young population. The interest from Japanese investors in Vietnam is huge, even during the pandemic,” Yoshida commented.

“Once travel restrictions are lifted, a huge wave of Japanese companies waiting to take up investment procedures will appear very soon,” he added.

Similarly, a representative of the Korean Business Association in Vietnam also said that businesses there are very interested in the consumer goods, food and beverage, and retail industries.

“In addition, real estate is a field of large profit margins, long-term efficiency, and is always a channel to attract investment to South Korean investors,” the representative said.

1532 p23 ma pushing ahead real estate market

Increasing the heat

Elsewhere, housing land and industrial real estate are expected to stir up the M&A market in the next 12 months.

Kim Ngoc, director of Valuation and Advisory Services at Colliers International, cited that the amendments and updates in the laws in investment, securities, and enterprises will make M&A activities more active after many inappropriate regulations have been removed.

“Combined with Vietnam’s achievements in 2020 of successfully controlling the pandemic and achieving the highest possible growth rate, there are many reasons to believe that M&A activities will recover quickly. Sectors that can attract more M&A are real estate, retail, and consumer goods,” she said.

Newly-signed trade agreements and the movement of many giant manufacturers and multinational groups are playing a significant role in the M&A trend moving forward.

Apple recently chose Vietnam as its first base for manufacturing the iPad and MacBook after China, demonstrating that high-quality investment flow is driving into Vietnam and helping realise deals in industrial properties, logistics, and support services.

One of the driving forces for such deals in Vietnam comes from foreign companies which withdrew from China to avoid risks related to US-China trade tensions. Notable destinations for these companies have included Indonesia, Spain, and Finland, as well as Vietnam.

The market in 2021 and beyond is also expected to blossom in city outskirts and satellite towns which are well connected with Hanoi and Ho Chi Minh City.

In the north, hotspots are projected to be the likes of Bac Giang, Bac Ninh, Vinh Phuc, and Haiphong when in the south, Binh Duong, Dong Nai and Long An are already on the radar of investors.

Vietnam ranked second out of 50 economies in the latest M&A Investment Index by Euromonitor, which reflects the expected level of investment, activity, and attractiveness of the global M&A market amid macroeconomic and financial shocks for 2020-2021.

With COVID-19 still complicated in many countries, most European governments are lowering their basic interest rates to reduce borrowing costs. These factors could create good opportunities for businesses to expand operations in foreign countries through the M&A channel, Euromonitor said.

The Institute for Corporate Investment, Mergers and Acquisitions expects that M&A in Vietnam will recover in 2021-2022, back to around $4.5-5 billion in 2021 and event up to $7 billion in 2022. Real estate will remain the second-hottest sector in M&A, behind finance and banking.

VIR

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Trading value hits monthly high as VN-Index dips

March 4, 2021 by e.vnexpress.net

The index started off in the green before dipping by nearly 28 points starting at around 10.40 a.m. while a slight recovery in the afternoon was unable to bring it back to the starting point. It closed with a 18.43-point drop, ending a chain of five consecutive gaining sessions.

Trading value on the Ho Chi Minh City Stock Exchange (HoSE), on which the index is based, rose 9.8 percent to VND16.8 trillion ($728.4 million), the highest since February 1. The bourse saw 95 stocks gain and 362 lose.

Many investors reported overloads on the bourse even in the morning. There were times when buy orders were delayed for two or three minutes, they said.

The VN30 basket, comprising the 30 largest capped stocks on the HoSE, saw 29 stocks in the red. VIC of biggest conglomerate Vingroup was the only ticker with no price change at VND106,900.

Losing blue chips were led by TCH of real estate company Hoang Huy Investment Financial Services JSC, down 4.2 percent, and SSI of SSI Securities Corporation, down 4 percent.

They were followed by five banks, including TPB of private TPBank, down 3.7 percent, STB of Ho Chi Minh City-based lender Sacombank, down 3.4 percent and TCB of the largest private lender Techcombank, down 3.2 percent.

Foreign investors were net sellers for the 10th session in a row to the tune of VND229.6 billion, with the strongest pressure on VNM of dairy giant Vinamilk, VIC and VCB of state-owned lender Vietcombank.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, gained 0.66 percent, while the UPCoM-Index for stocks on the Unlisted Public Companies Market fell 0.18 percent.

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Heat wave strikes southern Vietnam

March 4, 2021 by vov.vn

According to reports by Le Dinh Quyet, deputy head of the forecasting department at the Southern Regional Hydrometeorology Station, the current heat wave is caused by a subtropical high-pressure system crossing the south.

Moving forward over the coming days, Quyet anticipates that the region’s UV Index will remain at a ‘very high’ level, from nine to 10.

He therefore predicts that the next five days will see the average temperature in the southern region remain around 34 to 36 degrees Celsius. In Ho Chi Minh City, average temperatures will be around 35 to 36 degrees Celsius, although the real feel may be higher, around 37 to 38 degrees Celsius.

Local residents are therefore advised to wear sun protective clothing alongside sunglasses, hats, face masks, and sunscreen when going out during the daytime. They are also encouraged to drink more water to avoid dehydration in the scorching sun.

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Nothing to lose: Vietnamese crypto investors rest hopes on unlisted coin

March 4, 2021 by tuoitrenews.vn

Armed with little more than a smartphone and a dream, inexperienced cryptocurrency investors in Vietnam are hoping to hit it big with Pi – a cryptocurrency that can be mined from a phone.

As the crypto-craze in Vietnam continues being fueled by skyrocketing bitcoin prices and overnight millionaires, investors in the country are looking for low-barrier avenues to make their own fortunes on digital currency.

Enter Pi, a relatively new digital token that can be mined through the Pi Network app, advertised as “breakthrough tech [that] allows you to mine [Pi] on your phone without draining your battery.”

Unlike conventional cryptocurrency mining, which involves the use of significant computer power to verify the legitimacy of transactions in order to earn tokens as a reward, obtaining Pi only requires ‘miners’ to log into the application and tap a button every few hours.

With such a low barrier to entry, Pi mining has pulled in scores of Vietnamese crypto-newbies in recent weeks.

“We’ve missed the boat on bitcoin, so many of us have switched to mining Pi,” said Duc Danh, a Facebook user in Ho Chi Minh City.

“There’s nothing to lose.

“After a few years, if the project succeeds, each Pi could be worth dozens of U.S. dollars.”

Also in on the Pi hype is Vinh from Phu Nhuan District, a Pi miner who has recruited 70 other ‘miners’ and aggregated over 1,000 Pi coins for doing so as part of a Pi Network program akin to a multi-level marketing scheme.

“Pi mining costs nothing but bits of phone storage,” Vinh argued.

“What if the price shoots up to a few hundred U.S. dollars in the future?

“No one expected bitcoin to soar to $50,000.”

New members on the Pi Network receive one free Pi coin and start with a mining speed of 0.1 Pi per hour.

This velocity will increase with more accepted referrals, thus incentivizing users to gather as many new recruits under their umbrella as possible.

On Facebook, Pi Network groups have amassed hundreds of thousands of members curious about crypto mining, Pi’s identity verification system, and security.

K., a newbie in one of these groups, shared great optimism for the cryptocurrency.

“I learnt about Pi the other day on Facebook, and have had high hopes for it ever since,” he said.

Despite not being listed on big-name cryptocurrency exchanges, Pi’s trading value is already receiving real-world recognition, with one coffee shop in Ho Chi Minh City accepting the token as payment.

There are also reports of an e-commerce platform that accepts Pi as payment at a rate of VND100,000 ($4.5) for one Pi token, though the website was taken down on February 28.

No free lunch

Vietnamese users should take careful consideration before joining the Pi Network, said Dang Minh Tuan, a blockchain expert at the Posts and Telecommunications Institute of Technology in Hanoi, during a conversation with Tuoi Tre (Youth) newspaper.

The most obvious thing, according to Tuan, is the risk of giving away personal data to the app developers.

With a community estimated at over 15 million users worldwide, Pi is currently a gold mine of personal data that can be abused for targeted ads on Google, Facebook, and TikTok.

On top of that, Pi’s core team has not yet registered itself as a legal entity, which renders the contracts and ownership accords between users and Pi unprotected by law.

Pi has also not yet released its source code to the public, making the aggregate supply and demand of Pi tokens unidentifiable.

This indicates a huge risk for users involved because the developers have the power to inflate the currency as they please.

Sharing the skeptic’s view, financial expert Lam Minh Chanh sounded the alarm about scams in the likes of Onecoin, Skyway, or MyAladdinz.

According to Chanh, Pi is not completely free as users have to invest a great amount of time and phone resources.

They also face data security risks in return for the hopes of high investment returns that are fanned by vague speculation.

“Miners are unlikely to get rich. There is no free lunch,” he said.

According to Nguyen Hoang Minh, deputy director of the State Bank branch in Ho Chi Minh City, bitcoin and other similar types of cryptocurrency are not methods of payment compliant with law in Vietnam.

Issuing, supplying, and using bitcoin as well as other similar types of cryptocurrency as forms of payment are also prohibited.

Accordingly, users and suppliers of cryptocurrency in the country will be declared culpable and subject to penalties.

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