Press Release- For Immediate Release
Vietnam has been regarded as the Asian Powerhouse and winner of the US-China trade dispute. DBS Bank and Japanese financial services company, Nomura Holdings, foresee Vietnam’s excelling future and predict that its GDP and economy could overtake Singapore by 2029.
Vietnam’s efforts to spur investments have paid off. Its capital city, Hanoi, welcomed a 5-fold increase its in FDI accumulation the first 4 months this year. Robust growth in its manufacturing sector has propelled Hanoi’s economic rise, attracting a skilled labor and professionals to the city, spawning demand in its residential market. Those centralized in the city and nearby shopping districts are expected to experience the greatest upside potential. Chelsea Residence, a joint venture by HCCI and Vietnam Land is strategically located near the city’s CBD. Its prestigious location, symbolic of its high-end status, will attract both local and international investors with prices beginning at HKD 1.3M.
Trade War spurs Vietnam’s economic growth
Vietnam’s GDP growth eclipsed China’s last year, capturing the attention of international investors. As the trade dispute worsens, Vietnam stands to benefit as a major provider in the regional supply chain, further fueling the country’s rapid growth. Nomura revealed that Vietnam is the largest beneficiary from the trade war and predicts that it will gain 7.9% of GDP from trade diversion, where 7.5% will come from the US in the coming year.
DBS senior economist Elvin Seattle attributed that Vietnam’s economic growth could likely overtake Singapore by 2029. The projections are based on current contribution of the trade war towards Vietnam’s FDI and labor force growth while Vietnam maintains a steady economic growth at 6% to 6.5% in the coming decade.
Hanoi records 5-fold increase in FDI accumulation
Under high trade activities, Hanoi will achieve tremendous growth opportunities from the manufacturing and production sectors. Services and construction sectors recorded a 7.08% and 7.13% increase, respectively. Direct and indirect FDIs, brought over USD 4.04 billion of foreign capital to Hanoi, a tenfold increase year on year.
Hanoi’s FDI soared in the first 4 months this year, totaling to over USD 4.47 billion, a 5-fold increase from last year, which contributed a VND 90.426 trillion surplus to the Vietnamese government. Such FDI amount equates to 34.4% of the yearly total and an increase of 18.7% from last year, which indicates Hanoi’s exceptional economic growth.
Hanoi’s ‘Mid-Levels’ is a vibrant expat community
Hanoi’ s new CBD Nam Tu Liem, is a strategic financial hub. In addition to Keangnam Landmark 72, a number of international firms and hoteliers, such as JW Marriott, Hanoi Grand Plaza and InterContinental also reside in the area, highlighting the exuberance of this commercial core.
Cau Giay, located nearby Nam Tu Liem, is comparable to the ‘Mid-Levels’ in Hong Kong. Its impeccable proximity to the CBD and expat community brings the district a prestigious status. “Cau Giay is set in the center of Hanoi’s skyline. International corporates such as Samsung, Manulife and the Vietnamese Mobifone have their regional offices in the area and Trung Hoa Street has further been remodeled into a Korean town. Cau Giay is a vibrant community for expats and the middle to upper classes, who demand a relaxed yet upscale living style,” says Terence Chan, Managing Director of Golden Emperor Properties.
Close proximity to the city’s commercial core
Cau Giay’s vibrant lifestyle is integrated with a vast network of education institutions and entertainment facilities. Renowned institutions nearby include Global International School, Korea International School (KIS) and Japan International School. The Cau Giay Urban Park additionally offers a vast recreational and outdoor space for residents.
Hanoi’s new CBD and Keangnam Landmark 72 are merely a 15-minute walk from Chelsea Residence. On-site amenities include a swimming pool, gym center, kids’ playground, shops, cafes, cottages, picnic space, parking space and 24-hour guarded security. This upscale residence in Hanoi city will be able to meet all living needs of those who demand the best of modern living.
Chelsea Residences will host one to three-bedroom condominium units ranging from 590 to 1,500 square feet, all finished with a spacious floorplan. Completion is scheduled for 2021 with a starting price of HKD 1.3M and expected gross rental yield at 7% per annum. “The project promises attractive capital gains and will soar in value once Hanoi’s MRT begins operation by 2020,” Chan remarks.
About HCCI and Vietnam Land
HCCI, with 43% holdings by the Vietnamese government, was established in 1972. The listed company has aided the country in a number of infrastructure developments, hence has gained a high reputation and successful foundation in the country. HCCI is also highly competent in developments with years of experience and is regarded as one of the top developers in Vietnam.
Vietnam Land was established in 2002 as one of the key departments under Viet Tin Capital. The company is expertized in property development, fund management and stock brokerage. Viet Tin is one of the few stock brokers in Vietnam with services focusing on stock trading, fund management and financial consulting.
About Golden Emperor Properties Inc.
Golden Emperor Properties (HK) Limited is a Hong Kong-based property agency company that offers property investments worldwide to clients in Hong Kong and internationally. Since the establishment of the company, it has accomplished close partnerships with developers from England, Australia, Thailand, Vietnam, Malaysia, Japan and Europe. The company has a team of dedicated sales representatives to provide consultation and services on relevant enquiries for investors, including tax information, buy and sell procedures, payment schedules and etc. www.goldenemperor.com
For media enquiries, please contact:
Golden Emperor Properties
PR & Marketing Director
Tel: （852）9374 1753 / （852）2912 0920
Email: [email protected]
PR & Marketing Executive
Tel: （852）6530 7108 / （852）2912 0952
Email: [email protected]