Vertical cities – the destination of urban space

Vietnam Investment Review

Vertical cities are a potential solution to the world's urban problems, but they have extremely high construction costs. Therefore, only a few vertical cities are developed by enthusiastic and determined investors with strong financial capability. Vertical city relieves pressure on urban development. In 2015, two famous architects Kenneth King and Kellogg and partners unveiled the book titled “Vertical City: A Solution for Sustainable Living”, the ground-breaking 619-page book that envisions a sustainable future through the emerging technologies of vertical cities.

FDI attraction - highlight in Vietnam’s economic growth

VOV

The General Statistics Office of Vietnam has released a report on Vietnam’s socio-economic development in the first five months of this year. Accordingly, Foreign Direct Investment continues to prosper with nearly 1,400 projects and a fresh capital of 6.5 billion USD, the highest in three recent years. Vietnam’s FDI attraction has increased by more than 38% in the amount of capital and 26% in the number of projects during the last 5 months.

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The investor has created a refined living environment inside The Zei including luxury apartments, co-working space, as well as entertainment and shopping zones

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FDI attraction - highlight in Vietnam’s economic growth

Central province okays two tourism projects worth $64 mln

VnExpress

Quang Ngai has approved in principle two tourism projects which together cost almost VND1.49 trillion ($64 million). The King Bay Sa Huynh resort, invested in by Vietnamese investment firm King Bay, is estimated to cost VND1 trillion ($43 million). It covers an area of 96 hectares, of which 45 hectares are protected forests in Duc Pho District, 48 kilometers to the south of Quang Ngai Town. The resort will have apartments, villas, hotels and a palace, along with water sports and parks. The second project, Thach Ky Dieu Tau, covering over 16 hectares, will include hotels, restaurants, bars and other attractions.

Real Estate Firms Issue More High-Yield Bonds as Capital Shortage Bites

Bizlive

A capital shortage following the tightening of bank credit is pushing Vietnamese real estate firms to issue more high-yield bonds. The Phat Dat Real Estate Development JSC has announced that it will issue 1,500 bonds worth VND150 billion ($6.41 million) for the second and third quarter this year. Previously, the company had already issued bonds three times worth a total of nearly VND850 billion ($36.35 million). All four issues have interest rates ranging from 10.5 percent to 14.5 percent.

Major trends in Vietnam’s consumer market

Vietnam Net

Vietnam’s middle class - the foundation of consumers - is rising fast: in 2030, 49% of households will have annual disposable income of US$5,000 to US$15,000, an increase of 33.8% from that in 2018. Viet Dragon Securities Company (VDSC) listed three major trends in the Vietnam consumer market until 2030, adding the country’s rapid economic growth is expected to create huge opportunities for companies adaptable to market changes. Vietnam’s consumer market has always been attractive due to supportive demographics, economic growth and high urbanization rate, stated VDSC’s report.