Weekly Newsletter

Vietnam Real Estate
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Week 2, August


The first weekly electronic newsletter issued to registered members, approximately 80,000 reads per month
VietRees, a member of

The “hot” real estate market along Highway 32
Lao Dong 05 Aug, 2008

Buying houses for rent loses its attraction

Thanh Nien 07 Aug, 2008

CONTENT A. General Market Information completely presents the whole market with hot news, foreign investment, real estate company, real estate new developments and all necessary legal news. B. Research Results & Statistics provides market statistics including pricings of developments, market prices and construction materials prices, real estate overall statistics, newly announced developments every week and month, approved developments for construction and VietRees’ forecasts on the market and VN-Index stats. C. Utilities & Specialty News consists of useful selected articles, reports and analysis. FREE REGISTER FOR WEEKLY NEWSLETTER Please send your email to

While the current real estate market in Hanoi is “quiet”, the area along Highway 32 and prolonged Hoang Quoc Viet Street are quite “busy”. Together with the expansion of Hanoi’s administrative boundary, land prices are getting hotter and hotter day by day. At Dan Phuong District, land prices have gone up from 10 - 15 million to 25 - 30 millionVND/m2. Although many projects have not been commenced yet, they are advertised for sale. Despite the fact that the compensation for site-clearance has just been finished, land in The Phoenix Garden is advertised for sale at prices of 12 - 18 million VND/m2 and land in Duong Noi new urban is sold at prices of 14 - 15 million/m2. Many people have still flocked to deposit and sign written contracts for the sale of real estate inspite of not having clear information. In the meantime, the investors have not performed any transactions yet. Most investors assert that these kinds of transactions are only “selling what you do not have”. In some lawyers’ opinions, it is popular that paying deposit happens to most of housing investment projects for business. When taking part in these transactions, customers always suffer damages if there are no tighter policies from authorized organization. ”Protect yourself and keep away from buying houses on paper” is the advice of experts for customers.

In the past, buying apartments or houses for rent became an attractive investment channel. But now, this business model does not make as much profit as before. There are many reasons why this investment channel has lost its attraction. Firstly, the supply has been rocketed up in the recent past. The apartment market has declined and “frozen” from the beginning of this year until now, speculators are impossible to respond timely to this situation and a large number of these apartments are being advertised for lease while waiting until the market gets “hot” again. This number of apartments has competed fiercely with the supply of apartments or homes for rent before. Although rental prices do not go down, many apartments are vacant because the tenants have many more choices. As for office or apartment buildings for rent in District 7, Binh Thanh District, Binh Chanh District,… the supply of apartments has grown significantly. Secondly, the bank interest rates have greatly increased greatly, currently, at the average rate of 18% year, which leads to the “little profit” from apartments and houses for rent. With a huge capital, in the context of high inflation, the profit from houses for rent is very low. The higher the value of apartments is, the lower profits from houses for rent are. With all above factors, the investing in buying houses and apartments for rent at the current climate is becoming less attractive, therefore there are fewer transactions in this market.

Real estate foreign investment
Korea to construct a resort at Thua Thien – Hue
TheSaiGonTimes 05 Aug, 2008

Keangnam Landmark Tower sells 100 apartments

VietRees 07 Aug, 2008

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Thua Thien – Hue Provincial People’s Committee has just licensed Nam-A D&C Co. (Korea) to invest in the construction of Nam A Lang Co resort with its total investment of approximately 482 million USD at Loc Binh commune, Phu Loc Suburban District. The 317 hectares project includes 9 hotels with 600 rooms, 1012 villas, entertainment areas, an 18-hole golf-court of international standards, etc. The project is divided into 4 phases, beginning in January, 2008 and finishing in late 2016.

After nearly one year of being executed, Keangnam – Ha Noi Landmark Tower Project have completed basement and started to advertise the first 100 apartments for sale at the prices of 2,700 – 3,000 USD/m2 till August 10th, 2008. On this occasion, the model apartment area of the project is also opened at the exhibition hall in Me Tri new urban area for customer’s reference. Savills Viet Nam is the official and exclusive distributor of Keangnam apartments.

INTRODUCTION OF OTHER PUBLICATION Vietnam Property Investment Newsletter issued every month. Vietnam Real Estate EDirectory issued every quarter. For more information, please visit our website.


This weekly newsletter is shared with partners, clients, members (registered) and internal VietRees together with those who are concerning or interested in Vietnam real estate market changes. Although the information is selected, synthesized from all reliable sources, this newsletter is only for reference and VietRees is not responsible for the occurring damage. Please visit the website www.VietRees.com for further Vietnam Real Estate information.

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Page 2

Real estate foreign investment
Starting construction of Bau Bang Highland Park
BDS & TS 04 Aug, 2008

Kim Do conference center to be opened

The SaiGonTimes 05 Aug, 2008

Binh Duong Trading Investment and Development Corporation (TDC) have organized a ground-breaking ceremony for Bau Bang Highland Park project at Bau Bang Urban-Service-Industrial complex, Ben Cat Suburban District, Binh Duong Province on a site of 81 hectares. The project is designed with 1.008 units including single villas, duplexes and terraced houses with total investment of approximately 2,000 billion VND. TDC is the investor and design company of this project. Minh Duc Trung Trading Construction Investment Limited Company takes responsibility for executing the project. Two companies licensed to invest in District 9
VietRees 06 Aug, 2008

Saigontourist has stated that Kim Do conference area at 131 Nguyen Hue Street, Dist. 1, Ho Chi Minh City would be opened on September 1st, 2008. The conference area includes King Hall, Queen Hall, Tropical Garden room and other services to serve conferences, seminars and parties. The company also has planned to construct a complex including an office building, a trade center and a five-star hotel at the site of current Kim Do Hotel. Hoang Quan standard real estate trading floor to be opened
VietRees 08 Aug, 2008

HCMC People’s Committee has promulgated the decision on the construction investment of office buildings and housing areas at Hiep Phu and Truong Thanh Wards, District 9. Accordingly, Hiep Phu Gia Limited Company is licensed to use 49.443m2 at Hiep Phu Ward to invest in the construction of highrise apartment buildings, commercial zones and offices. Vina House Joint-Stock Company is licensed to use 144.642m2 at Truong Thanh Ward to invest in the construction of a housing area.

Hoang Quan Consulting - Trading - Service Real Estate Joint Stock Company opened Hoang Quan standard real estate floors in the morning of August 8th, 2008 at 3 places including Ho Chi Minh City, Can Tho and Vinh Long. At these trading floors, customers will be supplied package and enclosed services of real estate. The trading floors are equipped with modern equipment to help customers to easily access and choose products.

Real estate developments news
Nam Long starts construction of My Khe – Da Nang beach villa project
BDS & TS 04 July, 2008

Ca Mau: Investing 100 billion VND in Khanh An resettlement area

Tuoi Tre 04 Aug, 2008

Nam Long Investment Joint-Stock Company has started construction of My Khe beach villa at Phuoc My Ward, Son Tra District, Da Nang City with the total expected investment of approximately 26 million USD. The 50.000m2 project comprises 27 villas with many functional subdivisions such as living space, club, park and etc. Hanoi to build University Urban Area.
Ha Noi Moi 07 Aug, 2008

On August 4th, Ca Mau Provincial People’s Committee has ratified the construction investment of Khanh An 46-hectares resettlement area at Khanh An Commune, U Minh Suburban District with total investment of up to 100 billion VND mobilized from local budget. The project is expected to be executed within the period of 2008 2011. Trade - apartment building project in District 8
VietRees 07 Aug, 2008

On August 6th 2008, Department of Architecture - Planning and People’ s Committee of Tu Liem District announced and handed over the detailed planning of University Urban Area in the North of Co Nhue – Chem. The total area of this land is about 52,6 hectares, including university area, dormitory area and other areas for public activities.

People’s Committee of Ho Chi Minh city has licensed Van Hung Trading-Construction Company Ltd to invest in construction of trade – apartment building at Ward 5, District 8 on a site of 6,928 m2. Van Hung Phat company should guarantee its ability to execute the project and complete the procedures for land-using right transfer in accordance with regulations.

Legal news
Enterprises transferring land – using right taxed.
ThanhNien 26 July, 2008

New regulations on renovation of old apartment buildings in Ha Noi

VietRees 29 July, 2008

Ministry of Finance has just promulgated the Decision No 62/2008/QD-BTC on the abolition of point 8 (section III, part C) of Circular No 134/2007/TT-BTC (providing guidelines on the implementation of Decree No 24/2007/ND-CP which stipulates the implementation of laws on Enterprise Income Tax in detail). Accordingly, when enterprises of investment construction, infrastructure business in industrial zone, export processing zone, high technology zone, economic zone, industrial cluster, industrial point and important projects decided by Prime Minister transfer land using right, land leasing right and right of selling apartments belonging to high-rise building, they should pay enterprise income tax instead of not paying taxes like formerly stipulated by Ministry of Finance.(Circular No 134). This Decision takes effect after 15 days since the date of its publication on the official gazette and is applied since 2007 tax period.

According to new regulations on renovation of old apartment buildings in Ha Noi, the old buildings renovation should be executed under the principle of overwhelming majority which guarantees the legal concurrence of 2/3 of home users and owners. In the case that houses deteriorate to a dangerous level, the People’s Committee of Districts should take responsibility for organizing people to temporarily reside at the house reserve of the city. The owners of resettlement apartments project are licensed to transfer their apartments to project managers at market prices at the time of transfer; exempted from the taxes relevant to sale and purchase of apartments and are eligible to get all compensation costs and are supported in moving to new residences. According to the regulations, the total area of the first floors of apartments after renovation will be preferentially used for public activities, meetings and business services. Every project will spare 5 - 10% of 30 - 45m2 apartments to sell to households belonging to the project scope.

This weekly newsletter is shared with partners, clients, members (registered) and internal VietRees together with those who are concerning or interested in Vietnam real estate market changes. Although the information is selected, synthesized from all reliable sources, this newsletter is only for reference and VietRees is not responsible for the occurring damage. Please visit the website www.VietRees.com for further Vietnam Real Estate information.

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B. RESEARCH RESULTS & STATISTICS Localities attracting most FDI during the past 7 months

Apartments and development lands prices
Updated on information from ACBR, Van Phat Hung, Hung Thinh, Phuc Duc, Tuoi Tre Newspaper and developers (VietRees gathered by direct surveys), listed prices can be original prices or transfer prices at current or at one week prior from the date this newsletter is issued.

With only one more project than June, Ba Ria – Vung Tau has climbed up to take the lead with total FDI of over 9 billions USD. HCMC is the place which attracts most projects with 172 projects.


Area (m2) 96 115 56 148 101 94 110 118 62 115 100 74 80 200 252 110 102.5 75 100 100 192 176 100 125.5 206 120 151 133 139 108 117 129 150 77.5 120 120 126

Price (million VND/m2) 26 29.1 36 31 27 38.5 39 19 15 30.5 20 15 10 29 30 39 37 30 17 38 40 12.5 28 21 43.5 26 26 28 25 21 14 8 3.5 10 3.5 3 15


Apartment building – HCMC
BMC Blooming Park Cantavil Estella The Vista Tan Da Court My Duc Quoc Cuong Gia Lai 2 Phu Loi The EverRich Phu An Conic DNA Da Sa An Phu - An Khanh Detesco Huy Hoang Thanh My Loi Binh Phu 2 ADC Him Lam - Kenh Te Khu Nam Long Minh Long Hong Quang 13A 1 2 2 2 2 5 7 7 8 11 12 BC BTA 2 2 2 2 6 7 7 7 7 8 CG CG CG CG DD TH TL TX BD BD DN DNI DNI HP

Overview of office space market for lease in the first 7 months of the year 2008
At present, the demand for grade A offices is still at the high level due to the shortage of supply. In the year 2007, average monthly rent is about 35 USD/m2/month, but as of now, the monthly rent has doubled, up nearly 65 70USD/m2/month. However, the market will gradually stabilize as from 2010 on wards when many new projects go into operation. Meanwhile, grade B and C offices see a decline in the number of transaction clients because the economic stabilities have a substantial effect on many enterprises. Many enterprises are seeking to cut down on unnecessary cost including the costs of leasing offices. Additionally, many corporations are developing the construction of their own office buildings, typically such as Oil and Gas Corporation, Cavico Corporation, VNPT Corporation… These corporations use those office buildings not only to solve office space problem for themselves but also to let them out with the purpose of increasing their profits.
Edited by VietRees

+ + + +

Development land lots – HCMC



Apartment building - Ha No
Dich Vong Keangnam Trung Hoa Nhan Chinh Vimexco M5 Thuy Khue My Dinh 2 Nang Huong

Insightful real estate market information and research
Please contact VietRees, a professional real estate consultancy and research company, specializing in understanding market demands and researching existing customers, target customers and potential customer for all types of real estate. On this base, VietRees will offer construction companies consultancy on perfect and successful plans of marketing and business in order to best meet and satisfy customers’ demand. VietRees also performs researches on feasibility, competitiveness, marketing communications and prices of real estate.


Development land lots
KDC Vinh Phu 1 My Phuoc 3 KDC Khue Trung Licogi 16 Thanh Hung An Dong


Announced prominent real estate developments during the last 4 weeks
Week 3, July 2008 HCM City Thang Long Tower (Tan Binh Dist.), Rach Lao Resettlement Apartment Buidling (Dist.8) Thuan An Ecotourism Site (P.Quoc), Phu Yen Toursim Complex - Hon Ngoc Bai Tram Eco tourism (P.Yen), Da Sa Ecotourism Site (L.Dong), Vinh Yen Plaza Trade Center (V.Phuc) Week 4, July 2008 Golden Hill Complex (Dist.1), The Splendor apartment buidling (Go Vap), Residential area 7/5 (Dist.9), Thu Duc Sofware Center (Dist.2) Ocean Valley Tourism (P.Thiet), Nam Ha Dong urban area (H.Tay) Site new Week 1, Aug 2008 M-Star Plaza (Binh Thanh), C.T Plaza (Tan Binh) Week 2, Aug 2008 Trade – Apartment building Ward 5 (Dist.8)

Other Areas

Sacom Resort tourism site (L.Dong), Cam Ranh Bayana Resort (K.Hoa), Duc Giang Oil and Gas UA (K.Hoa), Canh Tien Villa Zone (B.Dinh), C.T Song Than Complex (B.Duong), Lung Xuan Ecotourism-Urban area (H.Binh)

Villa zone My Khe (D.Nang), Resort Nam A Lang Co (TTHue), University Urban Area Co Nhue (H.Noi), Resettlement Area Khanh An (C.Mau)


This weekly newsletter is shared with partners, clients, members (registered) and internal VietRees together with those who are concerning or interested in Vietnam real estate market changes. Although the information is selected, synthesized from all reliable sources, this newsletter is only for reference and VietRees is not responsible for the occurring damage. Please visit the website www.VietRees.com for further Vietnam Real Estate information.

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Viet Nam Real Estate Newsletter


Page 4

Approved prominent real estate developments in Ho Chi Minh City
July: Complex W.11 (Minh Phu Co, D.3), Vietnam International University Town (VIUT) (H.Mon D.), Suburb Area at Thanh My Loi ward (Quang Trung Co, D.2), Horizon Place Complex (D.4), Descon AP (D.2), Hoang Phuc Co. Commercial (D.6), Phu Xuan Ward - Anh Tuan Co. HA (N.Be D.), Ward 4 Commercial (D.4), Le Minh Xuan Ward HA (B.Chanh D.), Office Building W.13 (B.Thanh D.), Office 26 Nguyen Thi Dieu (D.3), Phuoc Long A Ward – Phuc Long Co. HA (D.9), Co Giang Ward – Duc Khai Co. Complex (D.1) August: Hiep Phu Ward – Hiep Phu Gia Co. Office Building, Truong Thanh Ward – VietNam House HA (D.9)

*RA: Residential Area, AP: Apartment Building, HA: Housing Area, RuA: Reurban Area, TA: Tourism Area, IA: Investment Area, UA: Urban Area.

Real estate market forecast
In general, transaction situation of apartments, townhouses and project land in July has been more satisfactory than the previous months. Although the sign of a warming market is less, transactions are coming back. Customers have many choices and a lot of time to consider when buying. Transactions have begun to appear on the market, but not as fast as before. At present and in the future, there may be not many investors, speculators or wholesalers like before. According to VietRees, the number of buyers for real needs will increase. However, due to the inabundance of real needs and finances, they will ponder on this matter. Therefore, the decision making process will take more time than before. There is a slight increase in market prices of projects that investors hasten the progress of infrastructure construction and apartment buildings which are about to be completed and put into use. Although the real estate market is still in a difficult period, some companies, individuals and investment funds still keep investing into properties, especially foreign investors. Apartment market: The apartment segment is warming again due to the large decrease in prices. Additionally, it is difficult for the prices to keep going down while the inflation and prices of construction material are becoming higher and higher. In July, prices of many projects stopped sliding, even with an price increase of 10% in some projects. Customers have not only focused on the apartments with prices of under 1 billion VND as previous months but also learned and really paid attention to high-grade apartments for different purposes, which has caused slight increases in prices of high class projects. In comparision with the previous month, the quantity of customers having a look at apartments of some high-end apartment projects that are about to be put into use in Phu My Hung has significantly increased. Some investors are aiming at the apartment projects on the point of being handed over to customers. These projects can be used for customers’occupancy immediately. Project land market: In general, the land price has stopped suddenly. Most sellers believe that the situation has had less difficulties, prices have gone down too much and they cannot afford to suffer any more losses, so, they have stopped reducing sale prices. Additionally, the majority of projects with price increases have well-built infrastructure, customers can receive land for housing construction and begin building at once. Many projects with substantial price increases are located adjacent to Phu My Hung urban area. * Note: Information on market forecast is only updated every 4 periods ( after one month) by VietRees

Construction materials market prices report
According to Decision No 64/2008/QD - BTC promulgated by Ministry of Finance in early August, 2008 export tax rate on recycled steel, non-alloy iron and steel in ingots or other primary semi finished forms will increase by 10% - 20% in order to limit re-exporting of steel embryo. This decision th applies to customs declaration since August 10 , 2008. Ministry of Trade and Industry shows that rolled steel volume in 7 months has only increased by 4.7% over the same quarter, but because of low consumption level, the amount of embryo and plate is sufficient for the demand of the whole country until the end of the quarter III, 2008. The figures show that the volume of imported steel embryo in the past 7 months is estimated to reach 1,867 millions tons, up 58.8% over the same quarter of the previous year. According to Vietnamese Steel Association, the decrease in exported steel embryo volume of China leads to the shortage of supply and push prices of steel emryo much higher on the world market. Most of domestic production units say that steel prices have gone up by 600 – 2000 VND/kg. It is forecasted by the Association that although Ministry of Finance has raised export tax rate on steel and iron, during the quarter IV, 2008 domestic market will suffer the lack of steel embryo.
Edited by VietRees

Construction materials market prices
Type of goods (Source: HCMC Department of Finance) Ha Tien Cement PCB40 Holcim Cement PCB40 Chinfon Cement PCB40 Steel bloom D6 Steel bars D10 Binh Minh plastic pipe 21x1,6mm in diameter Binh Minh plastic pipe 21x1,6mm in diameter B40 net 1,2m in height, 3mm in diameter 5 mm white glass Sand Sand (base for concrete) Stone 1x2 Hollow brick Lining brick 40x40 – Dong Tam Hem brick 13x40 – Dong Tam Toilet lining brick 33x33 – Dong Tam Unit d/50kg pack d/50kg pack d/50kg pack d/kg d/kg d/m d/m d/md d/m2 d/m3 d/m3 d/m3 VND/brick VND/barrel VND/barrel VND/barrel Price (VND) 70,000 70,000 67,000 21,000 22,000 5,170 7,260 39,600 115,000 190,000 230,000 260,000 1,200 135,960 165,000 173,250

Danang: 225 Huyen Tran Cong Chua - T: (84) 511 836 216 * HCMC: 390 Nguyen Cong Tru, D.1 - T: 8 821 7509 * Hanoi: No.6-1D Trung Yen New Town, CauGiay - T: 4 783 1598 Sponsor:

This weekly newsletter is shared with partners, clients, members (registered) and internal VietRees together with those who are concerning or interested in Vietnam real estate market changes. Although the information is selected, synthesized from all reliable sources, this newsletter is only for reference and VietRees is not responsible for the occurring damage. Please visit the website www.VietRees.com for further Vietnam Real Estate information.

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Viet Nam Real Estate Newsletter


Page 5

C. UTILITIES & SPECIALITY NEWS Dwellings for overseas Vietnamese and foreigners
The Committee for overseas Vietnamese in HCMC has showed that there have been 130 overseas Vietnamese buying houses, mainly in HCMC. Those who brought houses are those who come back to the country for their long term and direct investment, scientists, culture researchers invited to come back to the country to become experts and repatriating overseas Vietnamese. To buy houses, beside documents verifying priority subjects, the buyer must present their passport (issued in Vietnam). In the case that house buyers bring foreign passports, they must have certificates of Vietnamese nationality or documents confirming their losing Vietnamese nationality, or certificate of citizenship registration.

Investment trends in development of real estate projects According to VietRees’ analysis, in aspect of project development and investment, the current real estate market is witnessing some following trends:
1. Domestic enterprises with powerful financial potential, mainly corporations, still keep developing, but their progress may be slower than before. 2. Most of enterprises are still expecting and trying to stay in the field, but instead of doing it on their own as before, now these agents have turned joint-ventures, called for cooperation, investment and integration. 3. Some medium and small enterprises with unstable structures and some individuals that own and tend to develop former projects are having difficulties in project implementation and have not found out suitable partners. Now they are aiming at project transfer. Before this situation, one reality is that many foreign investors are hunting for projects of domestic companies to undertake, transfer or carry out joint-venture. According to study of VietRees, some advantages that make foreign investors much interested in this form include: clear legal situation of projects, avoidance of site clearance compensation, furthermore, some projects only need investment to be implemented quickly. In addition, investment costs are sometimes a little lower than in reality because project land of project management is taken back due to their slower implementation than in stipulation. Recently, VietRees Investment Promotion Department has been receiving many requests from domestic investors who have projects in need of investment or transfer and requests of foreign investors about searching properties as well. As a supplier of full services, a deep market understanding and working experiences with foreign partners, VietRees would like to offer advices to project managers interested in calling for foreign investment in their projects as follows.

Social welfare houses for workers
On July 26th, HCMC Housing Development Fund was inaugurated and received Linh Trung resident housing area for workers at Quarter 1, Linh Trung Ward, Thu Duc District, HCMC. This project is invested by Sai Gon Construction Corporation. The housing area includes 2 apartment buildings with 233 rooms, meeting housing demand of over 1.400 employees. Hung Vuong Joint – Stock Company (My Tho, Tien Giang Industrial Zone) has just put a 5-storey apartment building into use. The building includes 45 apartments of over 100m2 for collective living of 400 cadres and employees. As for married people in which their wife or husband work together at this company, they will be eligible for the 10 year installment plan at preferential prices. The company continues to petition Tien Giang Provincial People’s Committee to grant a 5.000m2 land area to construct more apartment buildings for workers with an investment of 100 billions VND. VietRees

Real estate for the low income
Extra hundreds of thousands of apartments to be built for lowincome earners
* Sai Gon – Gia Dinh Real Estate Company and Hoa Binh Phu Yen Company build Thoi An Apartment Building in District 12 with 1,000 apartments. * Construction Company No. 8 (CIC8) will invest in construction of 10,000 Keppel Land apartments and Tien Phuoc Company will build a resettlement area including 1.900 apartments at An Phu, Binh Khanh, District 2. * HCM City housing development fund will build low - income houses in District 12. * HCM City People’s Committee will advance 50.5 billion to carry out the project of Vinh Loc B, Binh Chanh residential area for resettlement with hundreds of townhouses and 40 apartment blocks. *Construction Company No. 5 will invest in construction of 500 apartments at Ward 22, Binh Thanh District. * Dat Lanh Company has granted construction permit for 30-40m2 apartments priced at 200-300 millions VND/unit. * Besides, VinaCapital and Chinese, Korean Groups are expediting projects of apartments worth below 400 millions USD/unit. * HCM City Cooperative Alliance has developed its construction investment project of housing area at Le Minh Xuan Commune, Binh Chanh Suburban District on a site of 67.49 hectares. * 50% of the house reserve at The Slendor apartment area (Go Vap D.) will be intended to serve resettlement demand in the district. VietRees

Advice for project management interested in calling for foreign investment
1. Fully prepare documents about project (especially for legal documents of projects). 2. Carefully study price of transfer or equity capital (for cooperation form or joint-venture form). 3. Regarding projects planned in details, a clear and logical budget distribution sheet for investment and detailed design of every portfolio in the overall project required. 4. Submit an analysis table of successfulness and feasibility level (profitability level) of projects. 5. For joint - venture forms, project managers should have carefully and clearly prepared financial reports on enterprises’ situations and these reports should be carried out by professional audit companies. 6. Additionally, a small yet important factor is to learn about business culture and national culture of foreign investors in order to clear their very concerns and satisfy their requirements. VietRees


Source: Vietstock – Up to date 08/08/2008

This weekly newsletter is shared with partners, clients, members (registered) and internal VietRees together with those who are concerning or interested in Vietnam real estate market changes. Although the information is selected, synthesized from all reliable sources, this newsletter is only for reference and VietRees is not responsible for the occurring damage. Please visit the website www.VietRees.com for further Vietnam Real Estate information.

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Viet Nam Real Estate Newsletter


Page 6

Websites of real estate companies in Vietnam
Property developers Ho Chi Minh
Company 585 - www.585.com.vn Company 584 - www.congty584.com.vn An Phú - www.anphugroup.vn BCCI - www.bcci.com.vn Daewon - www.daewon.vn Him Lam - www.himlam.com Hoang Anh Gia Lai - www.hagl.com.vn Linh Phong Conic - www.conic.com.vn Nam Long - www.namlongvn.com Phu Long - www.phu-long.com.vn Phu Quoc Land - www.phuquocland.net SacomReal - www.sacomreal.com Sadeco - www.sadeco.com.vn Resco - www.rescovn.com Thai Thinh Capital - www.richlandhill.com.vn Thu Duc House - www.thuduchouse.com Phu My Hưng - www.phumyhung.com.vn Van Phat Hưng - www.vanphathung.com.vn Vietnam Land SSG - www.saigonpearl.com.vn

Useful hyperlinks

Brokerage Ho Chi Minh
An Gia - www.angia.com.vn ACBR - www.acbr.com.vn Dat Xanh - www.datxanh.com.vn Dia Loi - www.nhadatdialoi.com.vn Dat Cat - www.datcat.com.vn FICO – www.ficohome.com.vn Kim Son - www.kimson.com.vn Phuc Duc - www.phucduc.com Hung Phu - www.hungphunhadat.com Hung Thinh 2 - www.diaochungthinh.com.vn Hoang Quan - www.hoangquan.com.vn Intresco - www.intresco.com.vn Loc Dien – www.nhadatld.com Nova - www.novahomes.com.vn Phat Hung - www.phathung.com.vn Tan Dien - www.tandien.com.vn Van Hung Phu - www.vanhungphu.com

AREV - www.arev.com.vn Hoang Quan - www.thamdinhgia.com Vietland - www.thamdinhgia.com.vn VVFC - www.valuation.vn

Construction Ho Chi Minh
CIC8 - www.cic8.com Coteccons - www.coteccons.com.vn Cosaco - www.cosaco.com.vn Hoa Binh - www.hoabinhcorporation.com Hai Thanh - www.haithanh.com.vn Toan Thinh Phat - www.toanthinhphat.com.vn

Ha Noi
Constrexim - www.constrexim.com.vn Cavico - www.cavicovn.com HANCIC - www.hancic.com.vn HUD - www.hud.com.vn Incomex - www.incomex.vn

Ha Noi
Cland - www.cland.com.vn Dong Do - www.dongdobds.com Phu Thai Group - www.phuthaigroup.com Petrowaco - www.petrowaco.vn Petrolimex – www.pland.com.vn

Ha Noi
FPT Land - www.fpt-land.com C.E.O - www.ceoholdings.com.vn Gia Tue - www.giatue.com.vn HUD - www.hud.com.vn HDB Viet Nam - www.hdbgroup.com.vn Keangnam – www.eng.kne.co.kr Nam Cuong – www.namcuong.com.vn Song Hong Land - www.songhongland.com.vn Vinaconex – www.vinaconex.com.vn Vincom - www.vincom.com.vn Viet Hung - www.ecopark.com.vn

Architect and Interior Decoration Ho Chi Minh
A2 Visualization - www.a2viz.com.vn Cat Moc - www.catmoc.com.vn Le Do - www.model&more.com Nha Vui - www.nhavui.com Nha Viet - www.nhavietdecor.com Nha Dep - www.nhadep.com.vn Pho Xinh - www.phoxinh.com.vn

CBRE - www.cbrevietnam.com Savills Viet Nam - www.savills.com.vn VietRees - www.VietRees.com

CBRE - www.cbrevietnam.com Dong Duong - www.indochina-consulting.com Eden Real - www.edenreal.com Indochina Land - www.indochinacapital.com Long Gia Khang - www.longgiakhang.com Savills Viet Nam - www.savills.com.vn Vina Capital - www.vinacapital.com VietRees - www.VietRees.com

Ha Noi
ACT - www.act.com.vn ADKientruc - www.adkientruc.com Ashui – www.ashui.com Kien Truc Ha No - www.kientruchn.com

Other cities
Becamex IDC - www.becamex.com.vn Biconsi - www.biconsi.com.vn Tuan Chau - www.tuanchau-halong.com.vn GNSVINA - www.cozyvill.com Company 579 - www.cecico579.com.vn Duc Manh - www.ducmanhco.com

Websites of properties in Vietnam
Ho Chi Minh
Blooming Park- www.bloomingpark.com Saigon Paragon - www.saigonparagon.com Dragon City - www.dragonland.com.vn Preche - www.preche.com SaigonPearl - www.saigonpearl.com.vn V-Star - www.v-star.com.vn Time Square - www.timessquare.com.vn The Everrich - www.theeverrich.com Tan Da Court - www.tandacourt.com Lancaster - www.lancaster.com.vn The Vista - www.thevista.com.vn

Useful hyperlinks

Ha Noi
Viglacera Tower - www.viglaceraland.vn KĐT My Dinh – Me Tri - www.sudicosd.com KĐT Bac An Khanh - www.vinaconex.com.vn Ha No Plaza Hotel - www.charmvit.co.kr KĐT Phap Van – Tu Hiep - www.hud.com.vn

Other cities
Cozyvill - www.cozyvill.com Flamingo Dai Lai - www.flamingodailai.com Van Phu township - www.dothivanphu.com Dam Vac Golf - www.damvacgolf.com Sanctuary - http://sanctuary.com.vn Ho Tram Strip - www.hotramstrip.com

Other cities
Furama Resort - www.furamavietnam.com Sai Gon – Mui Ne Resort - www.saigonmuineresort.com Sunspa ResortVietnam - www.sunsparesortvietnam.com

Sai Gon Sunbay - www.ctc-corp.vn Eden Lagi Resort - www.edenreal.com Van Quan – Yen Phuc township - www.hud.com.vn Quoc Te Do Son - www.vietlandgroup.com


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VietRees – Vietnam Real Estate


Viet Nam Real Estate Newsletter


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