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The infrastructure development such as the metro (MRT) system in Ho Chi Minh City (HCMC) and new international airport by year 2025.  It will contribute to the upside in HCMC’s property market. If you are considering investing in HCMC properties but are not familiar with the city, this is a great opportunity for you to learn from a local expert.

Come and join our event to discover the high investment potential of Vietnam. Our experts will provide a market outlook of HCMC property market to get your next property search off to an ideal start. Located in District 1 – D1mention, a luxury residential development by CapitaLand (owned by Temasek/Singapore Government, rated AAA/Aaa/AAA). District 1 represents the heart of economic in HCMC where banks, financial corporation headquarters and government offices are located. It has very limited supply on residential projects, D1mension is definitely a rare gem for investors!

Dates: 3 June 2017 (Sat)
Venue: La Veranda – Sofitel Legend Metropole Hanoi
15 Ngo Quyen Street, Hoan Kiem District, 10000 Hanoi
Cost: Free
Time: 3pm

** Price from VND 7.5 Billions / 10% Downpayment / 2 Year Rental Guarantee 7% p.a. **

Topics to be covered at the seminar:

1. Values and investment potentials of properties located in district 1
2. New Infrastructure developments – Metro (MRT) and new international airport
3. Ho Chi Minh City Leasing market overview
4. Properties developed by Capital Land and the exclusivities of D1mension residences

Click here to RSVP now

Above: Ho Chi Minh City District 1 – Bitexco Financial Tower is the tallest building in HCMC, the construction finished in 2010.  Besides, District 1 is where HCMC’s CBD located. Banks, financial corporation headquarters and government offices are positioned in this area, many professionals are attracted to move into District 1 and cause to a result of high residential demand.

Vietnam Property Market Updates:

Above: High end properties in HCMC are currently selling around VND 13M p.s.f., significantly lagging behind other South East Asian countries.

Above: HCMC currently offers an attractive rental yield of 8% p.a.

Introducing Infrastructure Projects in HCMC:

1/ New (MRT) Metro Lines by Year 2020

2/ US$16B New Airport in HCMC by Year 2025

3/ The Regeneration of Thu Thiem – The “West Kowloon” / “Pudong” of HCMC

Located across the Saigon River from District 1, the 657 hectare area known as Thu Thiem is ideally located to become the “West Kowloon” / “Pudong” of Ho Chi Minh City.

Introducing The Project – D1mension in HCMC, by CapitaLand:

The View From The Apartment:

Past Projects of CapitaLand Sold Out Fast – Come Early!

Above: Investing in Vietnam is no longer restricted, properties are now in great demand.

Project Summary:

• Condominium units from (around) VND 7.5 billions
• First down-payment 10%
• Target completion date mid of 2018
• Reselling before completion date is allowed
• Net area from 60– 340 sq.m, ideal for self-use or leasing out.
• Prices from VND95mil p.s.f. for both locals and foreigners
• 2-4 bed units & penthouses are available
• Freehold for Vietnamese; (leasehold) 50 years with renewal possibility for foreigners
• Located at Cau Kho Ward which is in District 1
• Developed by CapitaLand which is a Singapore SGX Listed Company and 40% owned by Temasek (Singapore Government, rated AAA/Aaa/AAA)
• 30% foreign quota with pink book is available for foreigners
• More than 50 facilities with unique and exceptional design for a mix of resort and active lifestyle, with the following “Star Facilities”: Sky Infinity Pool with Glass Bottom and Rain Curtain, Sky Jacuzzi, Sky Poolside Bar, Sky Changing Rooms with Sauna & Steam Bath, Sky Party House, Sky Wine & Cigar Lounge, Sky Gym, The Commons (Co-Working Space), The Library (Reading Lounge), Gourmet Pool & Dining Deck, The Playtime Park (Children’s Playground), The Sanctuary (Residential Lounge) and many more
• Concierge Service managed by The Ascott Limited, including courier service, taxi booking, appointment booking, travel and flight booking, hotel and restaurant booking, newspaper delivery (including in the management fee)
• Car park spaces are available
• Fully finished units
• 2Y Rental Guarantee of 7% p.a.*
• Golden Emperor Properties (vietnam) will provide leasing & property management services to clients
• Booking of the units can be done in Hanoi without the need to travel to HCMC – come to our event to find out more!

 * Terms & conditions apply (investors may choose to opt out from the rental guarantee program should they wish to have the apartment for self-use or to conduct their own leasing arrangement)

DEPUTY Prime Minister Somkid Jatusripitak said yesterday that the government plans to connect its new Eastern Economic Corridor (EEC) development project with the Chinese government’s One Belt, One Road initiative.

“The connection will be through a high-speed railway and other linkage infrastructure, “ Somkid told hundreds of investors from Hong Kong and Shanghai interested in doing business and investing with Thai partners.

Addressing the forum “Thailand-Hong Kong-Shanghai Strategic Partnership on One Belt, One Road” in Bangkok yesterday, Somkid said he was upbeat about future economic cooperation between Thailand, Hong Kong and mainland China.

He said that foreign direct investment in the EEC from Hong Kong and China reached US$14 billion and $16 billion (Bt485.2 billion and Bt554.2 billion) respectively by the end of last year. Many of the investments were in small and medium-sized enterprises.

Somkid said he expected Thai businesses would benefit from Hong Kong investment including technology transfers since Hong Kong’s small and medium-sized enterprises were very competitive. Hong Kong also wants free trade agreements with Asean countries, Somkid said.

Meanwhile, Vincent Lo, chairman of the Hong Kong Trade Development Council (HKTDC), who led the Hong Kong and Shanghai investment mission, said Hong Kong could mobilise global resources for investment in Thailand, adding that low tax barriers were important to attract investment.

“If we’re investing in Thailand and utilising world resources, and if there are tax benefits for investors, then they will be more encouraged to come and invest, just like in the Chinese mainland when they first opened up. They offered a lot of tax benefits. So I think this would attract a lot of capital to Thailand,” he said.

He added that Hong Kong investors were looking for business opportunities in more than 100 projects in Thailand. He said he did not want his mission to be a courtesy call and he wanted to start talking about details.

Lo later met with Prime Minister General Prayut Chan-o-cha at Government House and expressed his support for the EEC project, saying that it would complement the One Belt, One Road initiative. In his conversation with Prayut, he reiterated that Hong Kong and Shanghai investors were interested in investment opportunities in the EEC, according to a statement released by the Thai government.

Prayut responded that the government was ready to support cooperation under the One Belt, One Road initiative in line with the theme for Asia development “Stronger together”.

Prayut also assured Lo that the government was committed to the political road map in which a general election will be held next year, adding that the government also had a strategy for long-term economic and social development embodied in its 20-year plan.

Thailand’s Minister of Industry Uttama Savanayana said investors from Hong Kong and Shanghai were interested in infrastructure projects, aviation-related industries, seaports, waste management, property development and |professional services.

The two sides yesterday signed a memorandum of understanding (MOU) for the EEC investment cooperation.

“It is the first MOU that the EEC signed with foreign counterpart HKTDC and next month delegates from Hong Kong will visit the EEC zone,” said Kanit Sangsuphan, secretary-general of the EEC Office.

The Thai government is in the progress of passing an EEC bill, which was recently approved by Cabinet but must be approved by the National Legislative Assembly before it becomes law.

The government has pledged a corporate tax holiday for investors for up to 15 years, with an emphasis on high-technology industries like “smart” electronics, robotics, biotechnology, healthcare and next-generation automotives.

The government believes the public sector and private companies will invest at least Bt1.5 trillion in the first five years.

Priority projects are airports, seaports, dual-track railways, high-speed railways, motorways, new cities and hospitals.

The government plans to connect the three international airports, Don Mueang, Suvarnabhumi and U-Tapao, with a high-speed train system. The government will also offer a low flat tax rate for experts working at the international headquarters of companies located in the eastern coastal provinces of Chon Buri, Chachoengsao and Rayong, or a 17 per cent |personal income tax rate compared with |normal progressive rates of between 5 per cent and 35 per cent.

Kobsak Pootrakool, vice minister of the Prime Minister’s Office, told Hong Kong investors that the approval process for public-private partnership investments would be expedited under the EEC, taking between eight and 10 months, down from the typical 40 months.

Source: The Nation

Chiang Mai has been increasing in popularity as a retirement country for foreigners as the Southeast-Asian nation has a low cost of living, tropical weather, and a multi-lingual population. With the introduction of the retirement program, non-Thai are eligible to apply for a renewable visa and other privileges enjoyed by locals. Golden Emperor hosted a seminar last weekend to introduce the Thai retirement program and the retirement lifestyle in Chiang Mai. Sansiri’s latest landed property projects from Chiang Mai, Burasiri was featured at this event, and it attracted over 400 customers.

Above: Over 420 customers attended the weekend exhibition.

Above: Terence Chan, Director of Golden Emperor, provided a presentation on retiring in Chiang Mai.

Above: Sansiri’s latest landed property project from Chiang Mai, the Burasiri also be featured at this event.

The government expects its two technology megaprojects — the development of a digital innovation park and smart cities — to attract foreign Chinese direct investment this year.

The prospect follows the Digital Economy and Society (DE) Ministry’s recent signing of a five-year memorandum of understanding (MoU) with the Shenzhen municipal government on collaboration supporting the development of Thailand’s digital economy.

The MoU signing was a highlight of the Thai government’s roadshows in Hong Kong and mainland China last month as the state aims to boost economic ties and link the country to China’s new overseas investment strategy.

The agreement covered collaboration in the development of five areas: digital parks; smart cities; the Internet of Things; local tech startups; and national broadband infrastructure.

DE Minister Pichet Durongkaveroj said the government plans to provide attractive tax incentives, including a 15-year corporate income tax exemption for a group of selected industries, plus personal income tax reductions for expatriates and foreign specialists working in the Eastern Economic Corridor (EEC).

“The DE Ministry expects foreign direct investment in the Digital Innovation Park and smart city development projects this year, with particular interest in the EEC,” he said.

The 10-billion-baht Digital Innovation Park, a collaboration between CAT Telecom and the Industrial Estate Authority of Thailand, is under construction on 500 rai in Chon Buri province.

For the smart cities project, Mr Pichet said the government started transforming Phuket island into a smart city last year, followed by Chiang Mai in early 2017 and Khon Kaen scheduled for this year.

The government plans to develop another three provinces as smart cities by 2018: Rayong, Chon Buri and Chachoengsao.

He said the MoU with Shenzhen is expected to assist innovation businesses in Thailand and help the development of a digital economy ecosystem.

China and Hong Kong, meanwhile, can use Thailand as an investment gateway to enter the markets of Cambodia, Laos, Myanmar and Vietnam, said Mr Pichet.

He said the first group of foreign investors from Hong Kong is scheduled to visit Thailand’s EEC project on Monday.

Another group of Chinese investors plans to meet with Thailand’s DE Ministry by September.

Source: Bangkok Post

The governments of Thailand and Hong Kong have joined hands to promote trade among small and medium-sized enterprises (SMEs) for product distribution online.

Industry Minister Uttama Savanayana said the Office of Small and Medium Enterprises Promotion (Osmep) signed a memorandum of understanding with the Hong Kong Trade Development Council (HKTDC) during the four-day Thai trade and investment road show in Hong Kong and mainland China, which started on Wednesday this week.

“The HKTDC will help promote Thai SME products on its website,” said Mr Uttama.

This is another marketing channel to help distribute Thai goods in Hong Kong and across the world, he said. The council could also use Thailand as a production and distribution base for Asean.Mr Uttama said the government would select around 200 Thai SMEs with strong potential soon to be promoted on the HKTDC website. The products are expected to be varied, including fashion, lifestyle, food, consumer products and jewellery.

He said Hong Kong also requested for Thailand set up a joint venture fund to provide support and develop SMEs in both locations.Thailand has also signed MoUs with South Korea to create cooperation in supporting SMEs of the two countries, enabling technology transfer and marketing cooperation to increase their competitive advantage over the long term.

“That is a part of our attempt to push towards the Thailand 4.0 era,” he said. The Thai government plans to hold a seminar in Bangkok on investment between Thailand and Hong Kong on May 8, expecting the event to attract new investment from Hong Kong to the Eastern Economic Corridor, said Mr Uttama.

The Industry Ministry expects to support 3,000 SMEs this year by accelerating its assistance measures. The ministry wants to help SME businesses to expand overseas.

To support Thai SMEs and startups, Mr Uttama said the government has created three funds. There is a fund to improve their competitiveness with 37 billion baht in funding, including a revolving fund of 20 billion under the Pracha Rat (People’s State) scheme, as well as the SME Development Bank’s fund valued at 15 billion baht. Osmep also has a fund to help SMEs with some 2 billion baht.

Source:Bangkok Post