In the economic news, news about Vietnam is overwhelming, and some describe Vietnam as the next world factory and the hottest investment hot spot. Some friends say that Vietnam is China more than ten years ago, and the prices are quite cheap, and there is still a big gap with China. Hearing is false, seeing is believing, and has always planned to visit Vietnam on the spot. Due to the impact of the epidemic, the plan can only be on paper and cannot be implemented. The trip finally took place in late March, and I roughly listed what I saw and heard for the reference of friends who are interested in the Vietnamese market.
1. Plan Vietnam study tour
In the first ten days of March, during the outbreak of the epidemic in Vietnam, Shentong’s Vietnamese friends excitedly said that Vietnam would officially announce that it would accept overseas tourists on March 15. Although dubious, we chose to believe in the energy of the network of Vietnamese friends (of course not blindly following the trend, we have seen their strength in Europe), and booked a non-refundable round-trip ticket in late March in early March. So began to wait for the official announcement of the Vietnamese government on March 15. Sure enough, on March 15, the government's official announcement was made, but only thirteen developed countries are exempt from visas, and China still needs visas. I thought that as before the epidemic, I could easily get a visa with only simple documents, but it turned out that it was difficult to hand over the visa to the Vietnamese embassy. Because the central government has just announced, the embassy has not received the specific implementation rules. Therefore, I gave my Vietnamese friends the opportunity to show the strength of their network again. Through their relationship, they granted visas within 2 days.
2. Tour of Phu Quoc Island
When we arrived at Hanoi Airport, we found that we were very few overseas tourists (because the policy has just been released). Basically, they are Vietnamese who have been trapped overseas for 2 years. Transfer directly from Hanoi International Airport to domestic airport, and fly directly to Phu Quoc Island, the "Sanya" of Vietnam. Under the arrangement of Vietnamese friends, I have a general understanding of the entire Phu Quoc Island. (The reason why Phu Quoc Island is the first choice is because I heard that real estate investment in Phu Quoc Island is very hot.) The best beaches on the island are basically divided between the two groups. Vingroup, the richest man in Vietnam, bought a large beach on the northwest side of the island and built holiday villas, hotels, wildlife parks, amusement parks, etc. Another big group, the Sun group, bought the beach at the southern end of the island. A large number of holiday homes have been built. The magic is that thousands of holiday homes are almost completely unoccupied (it is said to be due to the epidemic), which can be said to be completely vacant. It was thought that the real estate company was in a blood loss, but according to local Vietnamese friends in Phu Quoc Island (actually Hanoi, but There is a company in Phu Quoc Island, which has a large amount of land), said that these holiday homes have basically sold more than 80%. It is said that the price of a set of 5-storey townhouses (covering an area of ??about 80m2) is about RM**0-600w. Looking at the large vacant real estate, combined with the estimated price, I can't help feeling that this is China for more than ten years, and it should be almost synchronized with China. It's just that the heat is more than that. The "local" friend just mentioned took us on a tour of his plot, planning hundreds of villas. The project has not yet started, and the value of the plot is said to have more than doubled in five years. Local real estate investment can be described as fiery. If you are a master of drawing chestnuts from fire, you may try it. By the way, the waters and beaches of Phu Quoc Island are very beautiful. The annual temperature is 28-35, and there is no winter. The sea is warm in the morning and evening, and because it is half-surrounded by land, the sea is calm like a lake. Highly recommended for vacation. (The cost should be slightly lower than that in Sanya, but it is far from the imagined low price in Vietnam)
3. A trip to Hanoi
The old quarter in the center of Hanoi should be said to be similar to the old quarters in the domestic 3rd and 4th tier cities, with more cluttered and narrow roads. However, because of the superior geographical location, possibly due to the high land price, developers are basically developing on the periphery. There are multiple mature areas. For example, the community developed by Vingroup, and the high-end community (Kabucha?) similar to Shanghai Lianyang Community. In such a high-end community, a 3-storey villa covering an area of ??about 300m2 (with a small yard) costs about RMB3000w. The price of 150m2 of high-rise apartments (90% new) in the same community is around RMB250-300w. Apartments in more remote areas will be less expensive. Prices of villas are said to have skyrocketed over the years, while condos have not risen by much. According to the experience in China, will the price of the apartment start to rise after the land becomes more and more tense? When our Vietnamese friends showed us the hundreds of villas developed by their family, we were really shocked. (I realized that the network of contacts needs strength support.) The villas they developed have basically been sold out. There are two high-rise apartments under construction in the same area. They are actively fighting with friends to see if they can reserve 1-2 sets for a chance. , make a small investment to test the water. If you have friends who are familiar with real estate in Hanoi, please give me some advice. (Because the friend has not agreed yet, if there is any risk warning, please enlighten me. Thank you in advance!)
3. Halong Bay
Halong Bay is Guilin on the sea, the scenery is very beautiful. It is a very famous tourist destination in Vietnam, and it is only more than 2 hours' drive from Hanoi, and it is very popular. In 2021, a friend once showed us two Halong Bay plots of about 500m2, and the price was not high at that time. Because I haven't been to Vietnam and I don't know the situation at all, I didn't dare to make a rash move. It was just as a discussion point, and I practiced on paper. After I went to the field this time, I immediately wanted to find a place to buy regret medicine. The price has at least doubled. On the way back, we passed Haiphong City (an important port city) and Bac Ninh City (a very developed industrial area, with companies such as Canon). Indeed, as the report said, the industry developed very rapidly.
In general, Vietnam's roads and other infrastructure will be a very revolutionary period for at least the next ten years, and the government should invest heavily. Industrial zones are also expected to sprout up like mushrooms after the rain. Real estate is already feeling hot, and there may still be some opportunities for apartments. (Because as a capital city, the price is still reasonable) The above is just my humble opinion, please correct me from friends who are familiar with Vietnam.
The most shocking thing about this trip to Vietnam is the strength and connections shown by Vietnamese friends in Vietnam. Their way of doing things is still at the stage of relying on interpersonal relationships and strength. Perhaps from a business point of view, taking advantage of it may be an advantage.
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