Legal stability required for condotel investment
Vietnam Investment Review
In recent years, the concept of condotels has been dominating the real estate market in Vietnam, and generating a wave of interest in this type of real estate investment. The term, which means a combination of condominium and hotel, is used to indicate a building that is owned like a condominium but operated like a hotel. To be more specific, a more international way of understanding is that the owner of a condotel can either operate it by themselves or leave it under the management of the developers (or any other property management companies) and receive profit.
Official channel to feed real estate market with supply info
An official channel that will provide Vietnam’s real estate businesses with information such as the number of licensed and awaiting-licensed projects in a given area is being developed by the Department of Properties and Real Estate Management under the Ministry of Construction and the Vietnam National Real Estate Association (VNREA).
Only experienced and thorough investors will be able to avoid confusion in the current condotel-buying arena.
Official channel to feed real estate market with supply info.
Policy reform is key to unlock Vietnam's M&A future
Vietnam Investment Review
As new policies and trade deals change the focus of M&A inflows to Vietnam, the Vietnamese government is expected to remove legal barriers, create a positive environment for foreign investors, and push the divestment process at state-owned enterprises. In the first panel discussion at yesterday's Vietnam M&A Forum 2019 in Ho Chi Minh City, policymakers and industry experts have talked at length about legal reforms that can push the M&A market forward.
Hai Duong approves seven projects worth $11.6m
Viet Nam News
Earlier this month, the Hai Duong People’s Committee granted in-principle approval for seven new projects valued at more than VND267 billion (US$11.6 million) in total. Among these projects were a VND97 billion convention centre and office project, to be financed by Phu Thai Trade and Investment Company; a VND50 billion project producing electronics components to be funded by HTV Investment and Development Company, and a petroleum trading project, to be developed by Anh Khoi Trade and Service Company at a cost of VND36 billion.
Vietnamese proptech startup Propzy seeks $25m in Series B
Deal Street Asia
Vietnamese proptech startup Propzy is planning to raise $25 million in Series B funding round later this year to expand its financial relationship management and property management products. Propzy has secured a total of $12 million in funding since 2016. Its latest round was a $6 million financing led by Korean VC firm Stonebridge Capital in 2018, said its founder and CEO John Le. Investors backing the business include Insignia Ventures, GS Shop, Frontier Digital Ventures, TNB Aura and Next Billion Ventures, among others.