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VIETNAM MARKET VIEW Q1 2018

♦ The first quarter of 2018 witnessed a remarkable performance of Vietnam economy, which was fueled by the strong growth of manufacturing sector and an export boom. Vietnam’s GDP growth rate was 7.38 % y-o-y, which was the best Q1 performance observed in the last decade. Export turnover grew by 22% y-o-y, while VN-Index reached an 11-year high, which was among...

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RARE SOURCES OF HO CHI MINH CITY LUXURY APARTMENTS

According to CBRE Vietnam, in Saigon, there are only 392 luxury apartments priced at $ 3,500-7,000 per square meter are concentrated in the central core of District 1, accounting for less than 0.3% of the total apartment supply (nearly 160,000 units). After nearly a decade of deep recession and recovery status of real estate market, the concept of luxury apartments...

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REAL ESTATE 4.0

With the wave of technology 4.0, every phase has been changed in order not to be lagged in the competition of Tech companies in the real estate industry. Vietnamese companies are investing in technology in real estate to bring a change in their life cycle. Technology 4.0 is creating a breakthrough such as intelligent apartment, smart project, smart city …...

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FACEBOOK BUYS BOSTON SOFTWARE COMPANY THAT AUTHENTICATES IDS

NEW YORK/SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) is buying a software firm that specializes in authenticating government-issued identification cards, the two companies said on Tuesday, a step that may help the social media company learn more about the people who buy ads on its network. U.S. lawmakers have expressed alarm at Facebook’s limited ability to know who is buying...

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CONDOMINIUMS OR SERVICED APARTMENTS

“Renting a condominiums or a serviced apartment” is a question that many people, especially foreigners, are looking for a long-term living experience in Vietnam. Currently, due to the prosperous real estate market in Vietnam, many high-end condominiums projects come into being, leading to the formation of serviced apartments. With the utilities and differences that each type brings, people are always...

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ASIA SHARES HIT HISTORIC HIGHS, DOLLAR SLIPS ANEW

SYDNEY (Reuters) – Asian shares hit historic highs on Monday after Wall Street extended its record-breaking run, while the U.S. dollar retreat continued as investors priced in the risk of tighter policies elsewhere in the developed world. Activity was restrained somewhat as a U.S. holiday curbed trade in cash Treasuries, though E-Mini futures for the S&P500 still made gains of...

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Asian Shares Step Back From New Year Rally As Trade Concerns Resurface

TOKYO (Reuters) – The New Year rally in Asian shares ran out of steam on Thursday as concerns about the U.S. administration’s protectionist stance hit Wall Street while U.S. bonds were dented by speculation China may curtail buying. MSCI’s broadest index of Asia-Pacific shares outside Japan shed 0.1 percent in early trade, slipping further from Tuesday’s 10-year peak. Japan’s Nikkei...

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LIFE IN SAIGON

Ho Chi Minh City – also known as Saigon – is the largest city in Vietnam in terms of population and economy, ranking the second in the area, and also one of the most important economic, cultural and educational center of the country. According to unofficial statistics, if counting the unregistered resident, the actual population of Saigon is about 14...

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9 DISTRICTS YOU SHOULD LIVE IN SAIGON

If an expat wants to live in Saigon, perhaps your most concern is the question “Where should I live in?” The central areas like District 1 and District 3 have many advantages in accommodation and entertainment; District 2 and District 7 are quite isolated and have a very good environment, especially for those who want to learn languages as these...

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VIETCOMBANK HOLDS NEARLY $ 5 BILLION IN SABECO’S DEAL

On December 29, the transfer of ownership in Sabeco (exchange code SAB – HOSE) completed. The record transaction of nearly 5 billion dollars with 110,000 billion Vietnam dong handled by a domestic commercial bank. Specifically, on December 29, Vietnam Securities Depository (VSD) announced that it has transferred ownership of 343,642,587 shares of SAB, equivalent to 53.6% of Sabeco’s share capital...