Business News

1.Hanoi home, shophouse prices rise on lack of supply

 Source: https://e.vnexpress.net/news/property/hanoi-home-shophouse-
prices-rise-on-lack-of-supply-4662484.html
 Summary:
Property consultancies said the prices of villas, shophouses and townhouses in
the Hanoi primary market increased in the third quarter mainly due to sparse
supply.According to Savills Vietnam, villa prices rose by 3% year-on-year to 103
million VND ($4,360 USD) per square meter on average, and shophouse prices by
6%.JLL data showed townhouse prices increased by nearly 7%. Some projects near
the Belt Road No. 3 fetched high opening prices of up to 200 million VND per
square meter.According to Savills, there’s no new supply entered the market in the
third quarter.JLL experts said developers have become very cautious now,
prioritizing legal procedures and construction rather than aggressive pre-sale
activities unlike in the past, leading to the townhouse market remaining in a state
of "hibernation." High prices are the biggest turn-off for potential home
buyers.Savills data showed that sales of villas, shophouses and townhouses – all in
the secondary market - decreased by 66% year-on-year to 101 units.According to
experts, supply will show signs of improvement from the end of this year. In the
fourth quarter more than 500 new units at five projects are expected to enter the
market.By 2025 there will be 9,000 new villas, shophouses and townhouses at 34
projects, concentrated in the districts of Dong Anh and Ha Dong, according to
Savills.
 Keyword: property consultancies, supply, legal procedures, hibernation,
turn-off
 Questions:
- Why did the prices of villas, shophouses and townhouses in Ha Noi increase
in the third quarter?
- According to JLL data,how much have the townhouse prices increased by?
- How many villas, shophouses and townhouses are there in Ha Noi by 2025?
 2. Vietnam's richest man donates $296M to his company
 Source: https://e.vnexpress.net/news/business/companies/vietnam-s-
richest-man-donates-296m-to-his-company-
4661900.html#box_comment
 Summary:
Vingroup chairman and Vietnam’s richest man Pham Nhat Vuong donated 7
trillion VND ($296.6 million USD) to his company’s automobile subsidiary
VinFast in September.The same month Vingroup has provided the car unit with
a loan of 23 trillion VND.Vuong owns 99% of VinFast’s 2.3 billion ordinary
shares.Vingroup will also provide a non-refundable grant of $500 million and
a further loan of $1 billion to VinFast for a maximum period of five years.Two
shareholders controlled by Vuong, Asian Star Trading & Investment and
Vietnam Investment Group (VIG), will donate the net proceeds from selling 46
million shares in VinFast to the carmaker.Electric vehicle maker VinFast
delivered over 9,500 cars in Q2, more than five times the Q1 number.Most of
the vehicles were sold to GSM, a newly established subsidiary that leases
electric cars and motorbikes and operates electric taxis.VinFast reported
revenues of US$334.1 million for Q2, a four-fold increase from the first. It
made a net loss of $526.7 million, down 11.2% from Q1 and 8.2% year-on-
year.VinFast shares closed at $8.05 on Oct. 4, , giving it a market capitalization
of nearly $18.8 billion.
 Keyword: chairman, subsidiary, loan, non-refundable, revenues,
shareholders
 Questions:
- Who is the Vietnam’s richest man?
- What are the two shareholders controlled by him?
- To whom were most of the vehicles sold to?

3. South Korea's Hana Micron eyes $1B microchip investment in Vietnam

 Source: https://e.vnexpress.net/news/business/companies/south-korea-s-
hana-micron-eyes-1b-microchip-investment-in-vietnam-4660414.html
 Summary: 5
South Korean semiconductor manufacturer Hana Micron plans to invest US $1
billion in Vietnam by 2025.The company, which specializes in chip packaging and
memory products, told Nikkei Asia that it is currently installing equipment in its
second factory in Vietnam in the northern province of Bac Giang. Its first factory
was completed last year.The plant was built last month on an area of six hectares,
and Hana targets annual revenues of $800 million from it by 2025 when it will
employ 4,000 workers.It has so far invested $600 million in Vietnam and plans to
increase the figure to $1 billion by 2025.It is partnering with the Vietnam-Korea
Industrial Technical College for training and recruitment.Vietnamese government
agencies recently signed three memorandums with U.S. businesses to help
enhance their semiconductor design and production capabilities and train
personnel.There are 40 companies in the semiconductor industry in Vietnam, 38
of them foreign-owned.
 Keyword: manufacturer, specialize, targets, memorandums, semiconductor
 Questions:
- How much does Hana Micron plan to invest in Vietnam by 2025?
- What does the Hana Micron specialize in?
- How many companies are there in the semiconductor industry in Vietnam?