Weekly Newsletter

A41
Vietnam Real Estate Week 4, July

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

A. GENERAL MARKET INFORMATION

Market hot news
Instabilities of real estate Lao Dong Real estate agents “shift” NLD
CONTENT
market 23 July, 2008 24 July, 2008
A. General Market
The real estate market is witnessing ups and downs Since the real estate market fell into recession, Information completely
which signals a short supply in near future. observers have anticipated that as for Ho Chi Minh presents the whole
During the first months of the year 2008, in some big city area, there would be about 600 real estate market with hot news,
cities like Hanoi, Ho Chi Minh city, Danang,… prices of agents on the verge of bankruptcy. However, up to foreign investment, real
offices for rent, apartments, and land at village now, real estate agents have been operating due to estate company, real
community and at the edges of town…have suddenly their flexibility in changing their business direction. estate new developments
gone up by 50% over the past year. However, since One real estate agent said that the real estate and all necessary legal
March 2008, prices of real estate have been on a down market has just frozen in the segment of high-end news.
trend and the number of successful transactions has apartments and project land. Besides, small houses B. Research Results &
become fewer and fewer. Prices of high-end of approximately 1 billion VND, especially town Statistics provides
apartments has decreased by 35 - 40%, prices of houses have not suffered such effects. As a result, market statistics including
separate ground base and villas have fallen by 30%. many real estate enterprises have shifted their pricings of developments,
Nevertheless, the market for dwellings worth under 1 investment into small dwellings. market prices and
billion VND and apartments of small area and low Experts anticipate that the real estate market would construction materials
prices still has movement. recover towards the middle of 2009. Therefore, the prices, real estate overall
The existing reality shows that the market has been changing business direction of real estate agents is statistics, newly
developed but still remains unstable and varied one of measures called “short term investments announced developments
according to consumer psychology. There is no long support long term plans” which help them overcome every week and month,
term orientation or definite planning. On the other hand, imminent difficulties. Despite small profits, investing approved developments
fluctuations in the currency market and rising in small dwellings has very few risks. Because it for construction and
construction material prices have also strongly affected originates from very big housing demand in reality. VietRees’ forecasts on
real estate enterprises. However, according to one expert, although it is very the market and VN-Index
Many projects have had progress prolonged or delayed. little risky, it is advisable not to easily follow this stats.
Many experts say that supply of real estate would have investment fad. To “win”, enterprises must always C. Utilities & Speciality
to suffer intermittent phases causing a shortage of study, update and thoroughly understand market News consists of useful
supply in the near future and increasing imbalance in information and take interest in market demands. selected articles, reports
supply and demand of this market. and analysis.

Real estate foreign investment FREE REGISTER FOR

Starting construction of Thu SGGP Binh Thuan: Ocean Valley VietRees WEEKLY NEWSLETTER
Thiem Software Center Project 20 July, 2008 Tourism Site to be constructed 22 July, 2008 Please send your email to
marketnews@VietRees.com
16-hectare Thu Thiem Software Center at An Loi Dong Binh Thuan Provincial People’s Committee has or download the
Ward, District 2, HCMC was commenced in the morning licensed Ocean Valley Tourist Area Project at Tien newsletter on website.
of July 19th, 2008 with total investment of over $1.2 Thanh Commune, Phan Thiet City on a site of 1000
billion USD. The project is invested by Saigontel – Teco hectares. The project is invested by Delta-Valley
Joint Venture (Sai Gon Telecom Joint-Stock Company Binh Thuan Co., Ltd (joint-venture between Chau ADVERTISING
and TA Associates International Pte. Ltd – Singapore Tho Investment JSCo. & Yoakside Trading Limited T: (84 8) 948 5574
Company). The project will be invested to construct Co. – Ucraina). The tourist area comprises real E: properties@VietRees.com
infrastructure, commercial office building for lease and estate area, resort tourism area, golf court, spa,
housing area for specialists to serve production and to service area, outdoor entertainment area, public
process export software… works… with total investment of $400 millions USD. INTRODUCTION OF
OTHER PUBLICATION
Real estate foreign investment
Vietnam Property
Hung Thanh informs process of BDS & TS Berjaya establishes a new TheSaiGonTimes Investment Newsletter
Carina Plaza 21 July, 2008 company 24 July, 2008 issued every month.
Hung Thanh Limited Company said that Carina Plaza Berjaya has officially opened Berjaya Vietnam International Vietnam Real Estate E-
high-class apartment building area at W. 16, Dist. 8, University township One Member Limited Company with Directory issued every
HCMC has finished ground leveling and prepared to total investment of approximately 3.5 billion USD. Berjaya
quarter.
Viut places its head office at 422-424 Ung Van Khiem St.,
carry out piling for the whole construction site.
W. 25, Binh Thanh Dist., HCMC. The head office is licensed For more information,
Besides, in early October, 2008, the company will to operate within 50 years by Municipal People’s please visit our website.
open their onsite showroom of 400m2 to serve visitors. Committee. The company’s main activity field is business
development of real estate of all types in VIUT University
Township at Hoc Mon province.
Sponsor:

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VietRees – Vietnam Real Estate
Real estate developments news
Golden Hill building project
Ngan Binh construction and investment Co, Ltd started work on
Golden Hill Complex on July 18, 2008 with total investment of
stage 1 worth nearly 1.650 billion VND and planned to put this
project into operation in late 2010.
Golden Hill is located at 87 Cong Quynh Street, Nguyen Cu Trinh
Ward, District 1, HCMC with the area of 8,320 m2, including trade
centers, office area for lease and apartments for living. The project
is sponsored by HCMC Housing Development Joint Stock Bank
(HD Bank).
One more Nam Ha Dong new urban
People’s Committee of Ha Tay province suggested the Ministry of
Construction to consider and give ideas about the project of Nam
Ha Dong new urban area located on a 295.47 hectare site in the
region of Phu Lam and Phu Luong communes, Ha Dong city, Ha
Tay province. The project includes the residential areas, existing
neigbours intermixing with industrial bases.
At present, this new urban area project has been finishing its
planning at a scale of 1/2000 to submit to Ministry of Construction.
Legal news
Certificate of Ownership granted within
30 days
Ho Chi Minh city Department of Construction has provided districts
and precincts with guidelines on granting certificate of ownership to
the cases concerning civil deals about houses of private ownership
set up before 1 July 1991 with the participation of Vietnamese
settling in foreign countries.
There are 4 subjects considered to be granted certificate of
ownership, including: inland Vietnamese, overseas Vietnamese,
Vietnamese at home and abroad (joint ownership or joint heir).
Documents requesting certificate of ownership include: application
for certificate of ownership, some papers about setting up houses
and residential land, one of papers relevant to civil deals about
dwellings in the sphere adjusted by resolution number 1037 of
Standing Committee of the National Assembly.
Department of Construction will receive documents and grant
certificate of ownership to organizations, and People’s Committee
of Districts and Precincts will perform the same procedures to
individuals.
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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.
www.VietRees.com Viet Nam Real Estate Newsletter A41 Page 2
VietRees Starting construction of The Splendor BDS & TS
21 July, 2008 apartment building 21 July, 2008
Thanh Nhat Construction - Commerce & Housing Business limited
company has commenced the project of The Splendor high-rise
apartment building on Nguyen Van Dung street, Ward 6, Go Vap
District on July 15, 2008.
The apartment building includes two 12-storey blocks on a site of
2,000 m2, providing 198 apartments, commercial areas and other
amenities. It is expected to be inaugurated in 2009. Besides, the
project will spare 50% of house reserve to serve the resettlement in
Go Vap district.
KT & DT Over 1.600 billion VND invested in the Tuoi Tre
22 July, 2008 residential area 7/5 22 July, 2008
The 7/5 company of Military Zone 7 High Command has just started
construction of the residential area 7/5 at Long Thanh My ward,
District 9, HCMC. The project is 324.000m2 in size. The total
investment of the project is over 1,600 billion VND. The project
includes 662 garden terraced houses, 162 villas, 768 apartment
buildings, trade centers, schools...
Stage 1 will build a fully made infrastructure system until 2010.
Stage 2 (from 2011-2012) will complete the residential area.
Tuoi Tre Changing using purposes of farm land Ha Noi Moi
24 July, 2008 located in residential area 24 July, 2008
People’s Committee of Hanoi city has promulgated Decision No
46/Decision-People’s Committee on changing land using purposes
of households, individuals who are using garden land, ponds on the
same parcel of housing land located in residential area yet not
recognized as residential land or agricultural land into non-
agricultural land (residential land, land for production, for business
and other types of specialized land) in Ha No area.
Based on this decision, households and individuals requesting
permission to change land using purpose should be people who
properly implement local laws on land. Area of land lots whose
using purposes are requested to be changed should fit general
planning. Duration of land using for housing area is permanent,
when switching to land for production base and business, the
maximum duration is not over 50 years. When it comes to expire,
the State will consider renewal of land using.
Dealing time of People’s Committee at ward and commune level
does not exceed 13 days from when legitimate documents are fully
submitted. Department of Resources and Environment at districts
and suburban districts will perform their assessment right after
receiving documents. If suitable, within 15 working days, People’s
Committee at ward and commune level should announce their
permission for changes of land using purpose.
 VietRees – Vietnam Real Estate www.VietRees.com Viet Nam Real Estate Newsletter A41 Page 3

B. RESEARCH RESULTS & STATISTICS

FDI by Industries in the first 6 months, 2008 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.
In quarter II of 2008, Area Price (million
the field of District
(m2) VND/m2)
+/-
constructing office Apartment building – HCMC
and apartment has The Vista 2 108 30.5 -
attracted most FDI, Hoang Dieu 4 72 29
ranking second to Hung Vuong Plaza 5 120 30 +
only heavy industry. Tan Da Court 5 93 39.5 +
V - Star 7 85,5 16.5 +
Aview 7 86 22 +
USD Billion 45.28 FDI in the first 7 months, 2008 Him Lam 7 99 19
Him Lam - Nam Khanh 8 82,5 13.5 -
According to Foreign Investment Bureau, including new-level capital and Thai An - Quang Trung 12 72 10.5 +
additional capital in the first 7 months of year 2008, the whole country has Saigon Pearl BTH 90 51 +
attracted a registered capital of 45.28 billions USD double last year’s figure. The Manor 2 BTH 67 38.5
During July, the whole country has 167 projects granted certificates of Phu My Thuan NB 89 10
investment with registered capital of 13.55 billions USD and total new-level Phu Nhuan PN 98 28.5 +
projects in the first 7 months of year 2008 is 654. The newly registered Development land lots – HCMC
capital has mainly focused on service sector (22.84 billions USD), next, on Huy Hoang 2 100 28 -
industry and construction sector (21.45 billions USD). The remainder is for Phu My 7 126 23.5
agriculture-silviculture-pisciculture sector (0.5%). Thai Sơn 1 7 250 14 +
Bac Rach Chiec 9 80 13.5 +
Regarding investment partners, Taiwan has continued to top the list of 35 Nam Long 9 136 25
nations and territory areas investing in Vietnam (82 projects, investment of Conic BC 120 17
8.4 billions USD). The next are Japan (65 projects, investment of 4.3 billions Hai Yen BC 100 9
USD), Malaysia (28 projects, investment of 5.07 billions USD), Brunei (14 KDC Ho Hoc Lam BTA 84 9.5
projects, investment of 4.3 billions USD), Canada (4 projects, investment of Phuoc Kien NB 140 5
4.2 billions USD). Thanh Nhut NB 126 11
Ba Ria-Vung Tau has been leading in attracting investment nationwide with Apartment building - Ha No
21% of total registered capital. The next are Ho Chi Minh city (17.7%), Thanh Nam Trung Yen CG 112 17
Hoa (13.9%), Phu Yen (9.7%), Dong Nai (4%), Kien Giang (3.7%), Bac Ninh The Manor CG 189 32
(2.1%) and Ha No (1.6%). VIP CG 275 24
Ngoc Khanh Plaza DD 111 38.5
Source: Foreign Investment Beaureau – Edited by VietRees
Thai Thinh DD 114 27
Insightful real estate market information and research Lilama HM 114 22
Ciputra TH 123 29
Please contact VietRees, a professional real estate consultancy and Keangnam TL 90 35
research company, specializing in understanding market demands and Development land lots Province
Hiep Thanh 1 BD 138 3
researching existing customers, target customers and potential customer for
My Phuoc BD 100 2
all types of real estate. On this base, VietRees will offer construction
Long Dien BR-VT 135 3
companies consultancy on perfect and successful plans of marketing and
Nam Long CT 114 7
business in order to best meet and satisfy customers’ demand. VietRees Phuoc An - Long Tho DNI 300 2.5 -
also performs researches on feasibility, competitiveness, marketing Long Hau 1 LA 106 6
communications and prices of real estate.

Announced prominent real estate developments during the last 4 weeks

Week1, July 2008 Week 2, July 2008 Week 3, July 2008 Week 4, July 2008
HCM Vietnam International University 5-star hotel - trade center (D.1) Thang Long Tower (Tan Binh Dist.), Golden Hill Complex (Dist.1), The
City town (H.Mon D.), Resettlement Rach Lao Resettlement Apartment Splendor apartment buidling (Go
Area W.22 (B.Thanh D.), Buidling (Dist.8) Vap), Residential area 7/5 (Dist.9),
Horizon Place Complex (D.4) Thu Duc Sofware Center (Dist.2)
Other Trang Cat UA and Industrial An Tay UA (B.Duong), Ben Luc Thuan An Ecotourism Site Ocean Valley Tourism Site
Areas Park (H.Phong), Long Dien RA (L.An), Hue “Nha Ruong” (P.Quoc), Phu Yen Toursim (P.Thiet), Nam Ha Dong new
Apartment Area (V.Tau), Ecotourism Area (Hue), Trung Complex - Hon Ngoc Bai Tram Eco urban area (H.Tay)
Marketing Center at Bac An Hung New UA (H.Noi) tourism (P.Yen), Da Sa Ecotourism
Khanh UA (H.Tay), Tan Phu Site (L.Dong), Vinh Yen Plaza
Thanh RA (H.Giang) Trade Center (V.Phuc)
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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.
 VietRees – Vietnam Real Estate www.VietRees.com Viet Nam Real Estate Newsletter A41 Page 4

Approved prominent real estate developments in Ho Chi Minh City

June: Vinh Loc B RA (D. Binh Chanh), Van Phuc Gia Company HA (H.Mon), 38,4ha RA July: Complex W.11 (Minh Phu Co, D.3), Vietnam International
(D.2), Hung Phu Company HA (D.9), Thu Thiem Software Park (D.2), An Phu Dong University Town (VIUT) (H.Mon D.), Suburb Area at Thanh My
Ward – De Tam Company HA (D.12), Truong Tho Ward – Tin Nghia Company AP Loi ward (Quang Trung Co, D.2), Horizon Place Complex
(T.Duc D.), Office Building – Conference Center 31 Le Duan (D.1), Hoang Phuoc (D.4), Descon AP (D.2), Hoang Phuc Company Commercial
Company HA (D.12), P.13 584 Company AP (B.Thanh D.), Hoa Thanh Ward AP (T.Phu (D.6), Phu Xuan Ward - Anh Tuan Company HA (N.Be D.),
D.), Commercial Building 01W Dien Bien Phu (B.Thanh D.), AP For Reurban 147 Ward 4 Commercial (D.4), Le Minh Xuan Ward HA (B.Chanh
Nguyen Chi Thanh – AP and Commercial Building 258 Le Hong Phong (D.5), Hiep Binh D.), Office Building W.13 (B.Thanh D.), Office 26 Nguyen Thi
Phuoc Ward AP (T.Duc D.), Tan Chanh Hiep Ward HA (D.12) Dieu (D.3)
*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

* The situation of real estate market For Sale during the last 6 months shows that prices are maintaining the current downturn. Many
properties on consignment have not been asked to be purchased. According to VietRees, the reason is that the instability of market was
exposed clearly and buyers’ insecurity became worse when they got puzzled about the real value of real estate and kept expecting further
price decreases. Prices of high-end apartment buildings have been plummeted and prices of ground base in some areas have gone up too
much higher than the real value.
* The current time has been considered to be difficult for many real estate companies because the market has been selecting and
promising a lot of new changes. Real estate enterprises are getting in trouble because bank loans for house purchase have tightened. One
of the steps taken by these enterprises is to cut down every cost and expand the progress, delay or stop implementing projects, and wait
for a better market to deploy. In the market, there is a tendency that some enterprises have shifted towards investing in other fields to
maintain their operation and overcome this current period.
* According to VietRees, individual investors or those who are in real demand and have available capital but bank loans can re considered
house buying at this time. Real estate enterprises should reconsider and choose the projects of high feasibility and efficiency to implement.
It is advisable to regard customers as “the core” and guarantee their interests; investment portfolio should aim at customers who have real
demands and avoid focusing on segments of secondary investors. Besides, it is necessary for enterprises to raise capital from many
different sources including joint venture with foreign partners. However, in reality, raising capital from joint venture with foreign porters
currently also has difficulties because they are more punctilious about choosing, evaluating and considering than before. Investors must be
more professional when conducting any negotiation with these foreign partners.
* Note: Information on market forecast is only updated every 4 periods ( after one month) by VietRees

Construction materials market prices report Construction materials market prices

According to Department of Industry and Trade, after a short Type of goods

Unit Price (VND)
pause period, the quantity of imported steel has begun to (Source: HCMC Department of Finance)
increase again since early July. In the first week of July, the Ha Tien Cement PCB40 50kg pack 72,000
quantity of imported steel and iron has reached nearly 96.1
Holcim Cement PCB40 50kg pack 72,000
thousands tons, up 38.1% over the previous week. Despite a
large import quantity, the import price of many types of iron Chinfon Cement PCB40 50kg pack 67,000
and steel has kept going up. In addition, Viet Nam Steel Steel bloom D6 kg 19,800
Association (VSA) has also been worried that the source of Steel bars D10 bar 148,000
embryo material for the demand of domestic steel
Binh Minh plastic pipe 21x1,6mm in diameter d/m 5,170
manufacture during the last months of this year will “get
strained” if embryo continues to be re-exported. Binh Minh plastic pipe 21x1,6mm in diameter d/m 7,260
After petroleum price has increased, many steel business B40 net 1,2m in height, 3mm in diameter d/md 39,600
stores and agents in HCM City have announced the “dizzy” 5 mm white glass d/m2 115,000
price increase. On July 23 , Pomina steel, Vina Kyoei has Ceramic Vitaly brick 25x40 ( type 1 bright color) d/m2 62,400
risen from 21 million VND/ton up to 23-24 million VND/ton.
Many investors said that prices of steel transportation had Ceramic Vitaly brick 25x40 ( type 1 dark color) d/m2 64,400
also gone up by at least 20,000 VND/truck. The reason for Stone 1x2 d/m3 225,000
price increase is consumers have been worried that steel Stone 4x6 d/m3 196,000
prices would increase strongly after price increase of
Sawn timber < 3m d/m3 9,900,000
petroleum, so, they have rushed to buy steel for reserve.
Cajuput diameter 100-120, 4.0m d/bar 19,800
Edited by VietRees

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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.
 VietRees – Vietnam Real Estate
C. UTILITIES & SPECIALITY NEWS
Housing needs for foreigners
According to Statistics of Construction Ministry, at present,
approximately 80,000 foreigners are living and working in Vietnam,
of whom 21,000 are fully capable of buying houses in Vietnam. In
Hanoi, total housing area for foreigners to lease has reached about
220,000 s.q.m, whereas in HCMCity, this number has tripled.
Houses for lease are mainly villas, terraced houses and apartments
with a lease term of 3-5 years. Ministry of Construction envisages
that in the coming time there are about 10,000 foreigners in need of
buying houses with total square area of 1.5 millions s.q.m.
Demand of welfare houses for low income earners and
resettlement in HCM city
HCM City has developed the project of 30,000 welfare houses since
the last 5 years, yet currently only 30% is done. Regarding houses
for cadres, workers, officials in the whole city, 17/49 projects serves
over 3,600 apartments and over 4,700 ground bases. Most of
projects were executed more slowly than committed date of
investors by an average period of from 12 to 18 months.
According to Department of Construction, (1) HCM City includes 3
export processing zones and 11 industrial zones in which housing
areas need to be built for nearly 218,000 workers; (2) 30,000
houses for resettlement and (3) houses for approximately 11,000
young officials and cadres.
VietRees
Real estate for the low income
Extra hundreds of thousands of apartments to be built for low-
income 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
VN-Index
Source: Vietstock – Up to date 25/07/2008
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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.
www.VietRees.com Viet Nam Real Estate Newsletter A41 Page 5
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 is sometimes
a little lower than in reality because project land of project
management are 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.
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
VietRees – Vietnam Real Estate www.VietRees.com Viet Nam Real Estate Newsletter A41 Page 6

Websites of real estate companies in Vietnam Useful hyperlinks

Property developers Brokerage Evaluation

Ho Chi Minh Ho Chi Minh AREV - www.arev.com.vn
Company 585 - www.585.com.vn An Gia - www.angia.com.vn Hoang Quan - www.thamdinhgia.com
Company 584 - www.congty584.com.vn ACBR - www.acbr.com.vn Vietland - www.thamdinhgia.com.vn
An Phú - www.anphugroup.vn Dat Xanh - www.datxanh.com.vn VVFC - www.valuation.vn
BCCI - www.bcci.com.vn Dia Loi - www.nhadatdialoi.com.vn
Daewon - www.daewon.vn Dat Cat - www.datcat.com.vn Construction
Him Lam - www.himlam.com FICO – www.ficohome.com.vn
Ho Chi Minh
Hoang Anh Gia Lai - www.hagl.com.vn Kim Son - www.kimson.com.vn
CIC8 - www.cic8.com
Linh Phong Conic - www.conic.com.vn Phuc Duc - www.phucduc.com
Coteccons - www.coteccons.com.vn
Nam Long - www.namlongvn.com Hung Phu - www.hungphunhadat.com
Cosaco - www.cosaco.com.vn
Phu Long - www.phu-long.com.vn Hung Thinh 2 - www.diaochungthinh.com.vn
Hoa Binh - www.hoabinhcorporation.com
Phu Quoc Land - www.phuquocland.net Hoang Quan - www.hoangquan.com.vn
Hai Thanh - www.haithanh.com.vn
SacomReal - www.sacomreal.com Intresco - www.intresco.com.vn
Toan Thinh Phat - www.toanthinhphat.com.vn
Sadeco - www.sadeco.com.vn Loc Dien – www.nhadatld.com
Ho Chi Minh
Resco - www.rescovn.com Nova - www.novahomes.com.vn
Constrexim - www.constrexim.com.vn
Thai Thinh Capital - www.richlandhill.com.vn Phat Hung - www.phathung.com.vn
Cavico - www.cavicovn.com
Thu Duc House - www.thuduchouse.com Tan Dien - www.tandien.com.vn
HANCIC - www.hancic.com.vn
Phu My Hưng - www.phumyhung.com.vn Van Hung Phu - www.vanhungphu.com
HUD - www.hud.com.vn
Van Phat Hưng - www.vanphathung.com.vn
Incomex - www.incomex.vn
Vietnam Land SSG - www.saigonpearl.com.vn Ha No
Ha No Cland - www.cland.com.vn
Architect and Interior Decoration
FPT Land - www.fpt-land.com Dong Do - www.dongdobds.com
C.E.O - www.ceoholdings.com.vn Phu Thai Group - www.phuthaigroup.com Ho Chi Minh
Gia Tue - www.giatue.com.vn Petrowaco - www.petrowaco.vn A2 Visualization - www.a2viz.com.vn

HUD - www.hud.com.vn Petrolimex – www.pland.com.vn Cat Moc - www.catmoc.com.vn

HDB Viet Nam - www.hdbgroup.com.vn Le Do - www.model&more.com

Keangnam – www.eng.kne.co.kr Nha Vui - www.nhavui.com

Research
Nam Cuong – www.namcuong.com.vn Nha Viet - www.nhavietdecor.com
CBRE - www.cbrevietnam.com
Song Hong Land - www.songhongland.com.vn Nha Dep - www.nhadep.com.vn
Savills Viet Nam - www.savills.com.vn
Vinaconex – www.vinaconex.com.vn Pho Xinh - www.phoxinh.com.vn
VietRees - www.VietRees.com
Vincom - www.vincom.com.vn Ha No
Viet Hung - www.ecopark.com.vn ACT - www.act.com.vn
Consulting
Other cities ADKientruc - www.adkientruc.com
CBRE - www.cbrevietnam.com
Becamex IDC - www.becamex.com.vn Ashui – www.ashui.com
Dong Duong - www.indochina-consulting.com
Biconsi - www.biconsi.com.vn Kien Truc Ha No - www.kientruchn.com
Eden Real - www.edenreal.com
Tuan Chau - www.tuanchau-halong.com.vn Indochina Land - www.indochinacapital.com
GNSVINA - www.cozyvill.com Long Gia Khang - www.longgiakhang.com
Company 579 - www.cecico579.com.vn Savills Viet Nam - www.savills.com.vn
Duc Manh - www.ducmanhco.com Vina Capital - www.vinacapital.com
VietRees - www.VietRees.com

Websites of properties in Vietnam Useful hyperlinks

Ho Chi Minh Ha No Other cities

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
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
Furama Resort - www.furamavietnam.com
Sai Gon – Mui Ne Resort - www.saigonmuineresort.com
Sunspa ResortVietnam - www.sunsparesortvietnam.com
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
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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This is a weekly newsletter issued by VietRees – Vietnam Real Estate. This 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.
VietRees – Vietnam Real Estate www.VietRees.com Viet Nam Real Estate Newsletter A41 Page 7

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 collected and selected 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.