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LANGDON & SEAH VIETNAM CO.

, LTD
2

Handbook Cover Photos:


1. Harmony Apartment Hanoi

2. Hilton Hanoi Hotel Hanoi


3. The Estella Height 1 HCMC
4. Mipec Riverside Residence Hanoi
5. Saigon Center Phase 2&3 HCMC

Copyright Statement and information caveat


Ninth Edition 2016
Langdon & Seah Vietnam Co., Ltd
All rights reserved. No part of this publication
may be produced, copied, stored or transmitted
in any form without prior written permission from
Langdon & Seah Vietnam Co., Ltd.
The information contained herein should be
regarded as indicative and for general guidance
only. Langdon & Seah Vietnam Co., Ltd makes
no representation, expressed or implied, with
regard to the accuracy of the information herein
and cannot accept any responsibility or liability
for any errors or omissions that may be made.

handbook are current as at 4th Quarter 2015.

TABLE OF CONTENT

Table of Content

Calendars
Introduction

6
7

1. CONSTRUCTION COST DATA


Construction Market 2016 Outlook
Major Rates for Selected Asian Cities
Construction Cost Specification
Construction Costs for Selected Asian Cities
M&E Costs for Selected Asian Cities
Utility Costs for Selected Asian Cities

10
18
26
28
36
44

2. GENERAL CONSTRUCTION DATA


Material Price Indices
Import Duties
Progress Payments
Estimating Rules of Thumb

50
52
53
54

LANGDON & SEAH VIETNAM CO., LTD

3. PROPERTY INVESTMENT

Building Control and Procedures


Project Closed Out Procedures
Typical Submission Flowchart
Key Planning Parameter
Building Areas Definitions
Procurement Strategies
Contractor Selection Strategies
Property Overview

58
62
63
64
67
72
77
82

4. VIETNAM BUSINESS ENVIRONMENT


Language

90

Accounting System
Banks

90
91

Government Administration

93
94

Taxation
Insurance
Workforce

98
104

5. OTHER INFORMATION
Vietnam Map
Domestic Routes
Relevant Websites
Public Holidays
Prime Rates
IDD Codes and Time Differences
Conversion Factors
Some Interesting Facts
Vietnam Key Data
Arcadis Asia Leadership Team
Arcadis Asia Sectors
Arcadis Asia Services
Directory of offices
Acknowledgement

108
109
110
112
121
122
124
126
128
132
134
137
139
155

CALENDARS

2016
1 2
31
3 4 5 6 7 8 9
10 11 12 13 14 15 16

JAN

17 18 19 20 21 22 23
24 25 26 27 28 29 30

APR

1
8

2
9

10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

31
3

JUL

1
8

2
9

3 4 5 6
10 11 12 13

FEB

1
8

2
9

3 4 5
10 11 12

MAR

14 15 16 17 18 19 20
21 22 23 24 25 26 27

13 14 15 16 17 18 19
20 21 22 23 24 25 26

28 29

27 28 29 30 31

1
8

2
9

3 4 5 6 7
10 11 12 13 14

MAY

1
8

2
9

3 4
10 11

JUN

15 16 17 18 19 20 21
22 23 24 25 26 27 28

12 13 14 15 16 17 18
19 20 21 22 23 24 25

29 30 31

26 27 28 29 30

1
8

2
9

3 4 5 6
10 11 12 13

AUG

1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17

SEP

10 11 12 13 14 15 16
17 18 19 20 21 22 23

14 15 16 17 18 19 20
21 22 23 24 25 26 27

24 25 26 27 28 29 30

28 29 30 31

18 19 20 21 22 23 24
25 26 27 28 29 30

30 31
1
2 3 4 5 6 7 8
9 10 11 12 13 14 15

1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19

1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17

16 17 18 19 20 21 22
23 24 25 26 27 28 29

20 21 22 23 24 25 26
27 28 29 30

18 19 20 21 22 23 24
25 26 27 28 29 30 31

OCT

NOV

DEC

2017
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21

LANGDON & SEAH VIETNAM CO., LTD

JAN

22 23 24 25 26 27 28
29 30 31

30
2 3

1
8

APR

1
8

2
9

3 4
10 11

FEB

1
8

1
5

JUL

2
9

3 4
10 11

MAR

26 27 28 29 30 31

2
9

3 4 5 6
10 11 12 13

MAY

28 29 30 31

1
8

26 27 28

23 24 25 26 27 28 29

12 13 14 15 16 17 18
19 20 21 22 23 24 25

14 15 16 17 18 19 20
21 22 23 24 25 26 27

12 13 14 15 16 17 18
19 20 21 22 23 24 25

9 10 11 12 13 14 15
16 17 18 19 20 21 22

30 31

1
8

2
9

3 4 5
10 11 12

AUG

1
8

2
9

3
10

JUN

11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30

1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16

SEP

9 10 11 12 13 14 15
16 17 18 19 20 21 22

13 14 15 16 17 18 19
20 21 22 23 24 25 26

23 24 25 26 27 28 29

27 28 29 30 31

17 18 19 20 21 22 23
24 25 26 27 28 29 30

1 2 3 4 5 6 7
10 11 12 13 14
15 16 17 18 19 20 21

1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18

1 2
31
3 4 5 6 7 8 9
10 11 12 13 14 15 16

22 23 24 25 26 27 28
29 30 31

19 20 21 22 23 24 25
26 27 28 29 30

17 18 19 20 21 22 23
24 25 26 27 28 29 30

OCT

NOV

DEC

INTRODUCTION

INTRODUCTION
6
future annually published handbooks, focuses on the
major cities in Asia.
The handbook is structured to serve as a general
reference guide on construction cost indicators in Asia.
The information contained in this handbook has been
compiled by Langdon & Seah Vietnam Co., Ltd. Any
further information and/or if advice relating to particular

Langdon & Seah Vietnam Co., Ltd

INTRODUCTION

CONSTRUCTION COST DATA

Construction Market 2016 Outlook


Major Rates for Selected Asian Cities

Construction Costs for Selected Asian Cities


M&E Costs for Selected Asian Cities
Utility Costs for Selected Asian Cities

CONSTRUCTION COST DATA


CONSTRUCTION MARKET 2016 OUTLOOK
2015 was very important year for our business and we
witnessed both a change of brand name and an
increase in synergies.
In 2016 and as ARCADIS we can now deliver global
construction and engineering expertise to all areas
within the built and natural environments.
We all know Vietnam has experienced a difficult time
over the past few years but so also has the rest of the
world. We at ARCADIS strongly believe that Vietnam
is now positioned for better times ahead and we look
forward to being involved in Vietnam ongoing
development.

LANGDON & SEAH VIETNAM CO., LTD

As in 2015 much of the press has focused more on


politics rather than economic growth. The downturn in
China, the raising of interest rates in the USA and
potential the UK and geo political tensions all provide
reasons to expect lower global growth in 2015 than in
previous years.

12
10

Although Global GDP will be lower in 2016 we note


that Vietnam GDP growth remains quite strong at circa
6% on 2015 and circa 6.6% in 2016 it will remain
largely driven by exports and Foreign Direct
Investment.
THE GLOBAL ECONOMY 2016
Global GDP in 2015 will grow around 2.0% and the
fastest growing region will be Asia but few countries in
the region will improve upon their 2014 & 2015 growth.
Vietnam will likely be one the fastest growing Asian
economy at 6.6% growth.
The US and UK are likely to remain the best performing developed economies and Japan will continue its
own economic and structural reforms. QE has now
stopped in USA and UK where interest rate rises are

CONSTRUCTION COST DATA

expected. Europe and Japan will continue their


ongoing of QE and China.
All commodities will at best be flat in 2016 and this will
continue to affect most Emerging Markets.
THE VIETNAM ECONOMY 2016
Vietnam will have one of the higher GDP growth rates
in the region at circa 6.6% and growth will continue to
be fuelled by exports and Foreign Direct Investment
(FDI). Low commodity prices will affect Vietnam
exports but we note that due to a greater increase of
higher value exports than the commodity downturn will
not significantly hamper expert grown. In fact Vietnam
balance of payments may improve due to the
commodity downturn.
The banking sectors non performing loans issues are
being rectified and as consequence we do expect an
improvement in money supply into the domestic
economy.
THE VIETNAM CONSTRUCTION MARKET 2016
The market will continue to remain flat and due to
limited access to credit. We do expect a greater FDI
focus into property development including private
investment into the residential market, industrial sector
and continued Overseas Development Assistance
(ODA) into the infrastructure sector.
Global commodity prices will at best be flat in 2016 but
from a low base and accordingly construction costs will
not increase significantly in 2016.

CONSTRUCTION COST DATA

13
11

16
12

555

808

791

811

970

987 1,544 1,557 1,155 969

919

980 1,175 1588 2,013

285

391

2.47 0.98 1.31 1.71 1.27 1.14 1.22 1.97 4.67 6.04 11.50 10.00 11.00 10.05 10.00 10.55 12.35 14.50

No. of Projects

327

5.10 2.57 2.84 3.14 3.00 3.19 4.55 6.84 12.00 21.30 71.73 22.63 18.60 12.70 12.18 20.82 20.23 22.76

Legal Capital (bn US$)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Registered Capital (bn US$)

10

20

30

40

50

60

70

80

Annual Foreign Investment (1998-2015)

LANGDON & SEAH VIETNAM CO., LTD

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2,200

1
CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

13

13.42

523

30.69

2,475

Malaysia

No. of Projects

Taiwan

Registered Capital

10

15

20

25

30

35

40

45

50

2,883

38.41

Japan

4,944

44.90
1,526

34.72
620

19.21

972

15.69

415

7.36

S. Korea Singapore B.V.Islands Hong Kong Thailand

FDI by countries as of Dec 2015

780

10.78

United
States

1,284

9.99

China

1,000

2,000

3,000

4,000

5,000

6,000

CONSTRUCTION COST DATA


FDI BY SECTORS AS OF DECEMBER 2015
1%
5%

94%

16,097

260,944

94%

10,697

160,600

Industry and construction


Manufacturing
Property

492

50,473

Accommodation

442

11,952

1,258

10,834

95

4,388

Electricity, gas and


water production and
distribution

108

12,662

Information and
Communication

1,254

4,209

Wholesale & Retail;


Repair

1,708

4,469

43

1,356

Mining

LANGDON & SEAH VIETNAM CO., LTD

Legal
Capital
(%)

No. of
projects

Construction

18
14

Registered
Capital
(mn US$)

Sector

Water supply & Waste


treatment
2

Agriculture & Forestry &


Aquaculture

Service

522

3,637

1%

3,310

14,457

5%

Art & Entertainment

143

3,622

Logistics

499

3,786

Finance, Banking &


Insurance

82

1,334

Health care & Social welfare

108

1,761

Science & Technology

1,920

2,098

Education and Training

239

709

Administration & Supporting services

167

406

3.09

Homecare
Others
Total

150

742.17

19,929

279,039

100%

(Source: Vietnam Investment Review)

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

1.35

1.65

1.77

2000

(Source: Ministry of Planning and Investment)

1.24

ODA Disbursement

1.50

1998 1999

2.44

ODA Conclusion

Billion US$

1.50

2.41

1.53

1.81

2001 2002

1.42

1.76

2003

1.65

5.57

2004

1.79

2.52

2005

1.79

2.82

2006

2.18

3.80

2007

2.14

3.46

2008

4.10

5.40

2009

3.54

3.40

2010

3.65

6.80

2011

4.18

5.87

2012

5.13

6.6

2013

5.66

4.38

2014

5.00

3.5

2015

VIETNAM ANNUAL ODA

19
15

5.35

2000

(Source: General Statistics Office)

Construction, % of GDP

%8

5.80

2001

5.89

2002

6.05

2003

LANGDON & SEAH VIETNAM CO., LTD

6.25

2004

6.36

2005

6.62

2006
6.96

2007
6.49

2008
6.70

2009

7.03

2010

6.41

2011

6.08

2012

5.35

2013

5.33

2014

5.44

2015

1.94

2.07

2.82

3.36

4.03

1.94

5.35

7.51 12.78

Construction, % of GDP

Construction, Real Growth,


% y-o-y

5.80

2001

1.63

6.05

2.39

2003

10.57 10.59

5.89

2.07

2002

9.03

6.25

2.82

2004

5.83

10.80

6.36

3.36
6.96

4.95

2007

11.05 12.10

6.62

4.03

2006

2007 2008

4.95

2005

2003 2004 2005 2006

2000

2000 2001 2002

1.63

2.39

Construction Value, US$bn

10

12

0.02

6.49

5.83

2008

11.36

6.70

6.19

2009

2009 2010

6.19

7.26

Construction Value, US$bn

8.59

6.41

7.86

2011

10.06 (0.97)

7.03

7.26

2010

2.09

6.08

8.59

2012

5.83

5.35

9.14

2013

2011 2012 2013

7.86

9.14

7.07

5.33

9.80

2014

2014

9.80

10.82

5.44

10.39

2015

2015

10.39

22
18

350,000 - 386,900

m3

m3 1,377,900 - 1,522,900

4. Hardcore bed blinded with fine materials

5. Mass concrete grade 15

17,600 - 19,500

16,000 - 17,700

184,000 - 203,300

235,300 - 260,000

198,000 - 218,800

kg

kg

m2

m2

m2

6. Reinforced concrete grade 30

7. Mild steel rod reinforcement

8. High tensile rod reinforcement

9. Sawn formwork to soffits of suspended slabs

10. Sawn formwork to columns and walls

11. 112.5mm thick brick walls

1,787,400 - 1,975,500

70,400 - 77,800

m3

3. Remove excavated materials off site

76,400 - 84,500

2. Excavating for footings not exceeding 1.5m deep

68,300 - 75,400

VND

HO CHI MINH#

m3

Unit

1. Excavating basement not exceeding 2m deep

DESCRIPTION

LANGDON & SEAH VIETNAM CO., LTD

45 - 50

38 - 45

38 - 45

3.00 - 3.30

3.00 - 3.30

260 - 320

240 - 280

60 - 70

20 - 25

15 - 20

15 - 20

RM

KUALA LUMPUR

700

420

420

22

23

2,600

2,200

650

120

120

120

BAHT

BANGKOK#

17.50

15.00

15.00

0.65

0.65

130.00

124.00

43.00

3.00

3.00

3.50

B$

BRUNEI

1
CONSTRUCTION COST DATA

MAJOR RATES FOR SELECTED ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

23
19

283,500 - 313,300

77,700 - 85,800

m2

20. Two coats of emulsion paint to plastered surfaces

Average expected preliminaries

55 - 60

6 - 12

3.50 - 4.50

35 - 45

50 - 70

15 - 22

15 - 22

6.00 - 8.00

6.00 - 8.00

350 - 500

12 - 18

120

800

1,200

220

200

55

55

7,000

1,200

The above cost are at 4th Quarter 2015 levels, exclusive of preliminaries and contingencies unless otherwise stated.
# Rates are nett of VAT

8 - 12

239,500 - 264,700

m2

17. 20mm Cement and sand (1:4) plaster to walls

m2

82,000 - 90,600

m2

16. 25mm Cement and sand (1:3) paving

57,400 - 63,500

kg

15. Steelwork - angles, channels, flats and the like

19. 12mm fibrous plasterboard ceiling lining

28,500 - 31,500

kg

14. Structural steelwork - beams, stanchions and the like

18. Ceramic tiles bedded to floor screed (m/s)

26,000 - 28,700

m2

13. Aluminium casement windows, single glazed

494,200 - 546,200

2,660,000 - 2,940,000

m2

12. "Kliplok Colorbond" 0.64mm profiled steel sheeting

58.00

5-8

5.00

28.00

33.00

8.00

9.00

3.20

3.50

160 - 210

22
20

3,500
42
43

1,050

1,200

10

m3

11. 112.5mm thick brick walls

170

170

m2

10

190

8. High tensile rod reinforcement

kg

kg

7. Mild steel rod reinforcement

m2

6. Reinforced concrete grade 30

5. Mass concrete grade 15

370

m3

N/A

850

900

2,750

784

145

38

m3

250

45

3. Remove excavated materials off site

220

PHP

MANILA

2. Excavating for footings not exceeding 1.5m deep

35

RP000

JAKARTA#

m3

Unit

1. Excavating basement not exceeding 2m deep

DESCRIPTION

LANGDON & SEAH VIETNAM CO., LTD

35.00-40.00

42.00

42.00

1.20-1.30

1.20-1.30

130.00-135.00

190.00-200.00

50.00

15.00-20.00

20.00

20.00

S$

SINGAPORE**

420

420

420

9.50

9.50

1,400

1,200

950

280

205

225

HK$

HONGKONG

72

73

85

4.00

4.00

517

433

170

37

31

26

RMB

BEIJING

1
CONSTRUCTION COST DATA

MAJOR RATES FOR SELECTED ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

21
25

m2
m2

m2
m2

17. 20mm Cement and sand (1:4) plaster to walls

19. 12mm fibrous plasterboard ceiling lining

20. Two coats of emulsion paint to plastered surfaces

Average expected preliminaries

6 - 10

12 - 18

250
275
1,600
965
220

95
95

25
25

60
75
160
150
25

1,100
10,500

250
1,200

13 - 17

21.00
22.00
74.00
30.00
3.50-4.00

4.80-5.80
4.80-5.80

43.00
290.00

10 - 15

140
145
380
570
60

38
42

880
2,950

The above cost are at 4th Quarter 2015 levels, exclusive of preliminaries and contingencies unless otherwise stated.
# Rates are nett of VAT
** Rates are nett of GST
Jakarta - Item 19 - 9 mm gypsum board
Manila - Item 13 - Aluminium with anodized finish; 6mm thick
Singapore - Item 5 - Rate for lean concrete blinding
Hong Kong - Item 3 - Rate including dumping charges
Beijing - Item 13 - rate for double glazed window

18. Ceramic tiles bedded to floor screed (m/s)

m2

m2
m2
kg
kg

16. 25mm Cement and sand (1:3) paving

15. Steelwork - angles, channels, flats and the like

14. Structural steelwork - beams, stanchions and the like

13. Aluminium casement windows, single glazed

12. "Kliplok Colorbond" 0.64mm profiled steel sheeting

7 - 10

27
28
140
162
32

9.35
8.50

N/A
815

22

3.40

84

84

85

kg

m2

m2

10. Sawn formwork to columns and walls

11. 112.5mm thick brick walls

3.40

kg

7. Mild steel rod reinforcement

m2

420

m3

6. Reinforced concrete grade 30

9. Sawn formwork to soffits of suspended slabs

320

m3

8. High tensile rod reinforcement

165

5. Mass concrete grade 15

98

m3

3. Remove excavated materials off site

4. Hardcore bed blinded with fine materials

30

30

m3

2. Excavating for footings not exceeding 1.5m deep

RMB

m3

Unit

SHANGHAI

1. Excavating basement not exceeding 2m deep

DESCRIPTION

LANGDON & SEAH VIETNAM CO., LTD

60

80

80

5.00

5.00

484

449

180

65

25

30

RMB

SHENZHEN
/GUANG-ZHOU

65

50

50

3.50

3.50

360

340

150

52

25

18

RMB

CHONGQING
/ CHENGDU

70

90

90

4.20

4.20

500

410

150

35

25

22

RMB

SHENYANG

1
CONSTRUCTION COST DATA

MAJOR RATES FOR SELECTED ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

23

150

39

m2

20. Two coats of emulsion paint to plastered surfaces

Average expected preliminaries

N/A

5 - 10

30

180

150

25

30

8.00

10.00

525

N/A

5 - 10

35

120

120

32

28

8.50

8.50

700

The above cost are at 4th Quarter 2015 levels, exclusive of preliminaries and contingencies unless otherwise stated.
Shanghai - Item 11 - Rate for 120mm thick concrete block walls
Chongqing/Chengdu, Shenyang - Item 13 - rate for double glazed window

5 - 10

155

m2

17. 20mm Cement and sand (1:4) plaster to walls

m2

26

m2

16. 25mm Cement and sand (1:3) paving

25

kg

15. Steelwork - angles, channels, flats and the like

19. 12mm fibrous plasterboard ceiling lining

8.00

kg

14. Structural steelwork - beams, stanchions and the like

18. Ceramic tiles bedded to floor screed (m/s)

10.00

m2

13. Aluminium casement windows, single glazed

N/A

690

m2

12. "Kliplok Colorbond" 0.64mm profiled steel sheeting

N/A

5 - 10

30

120

165

26

25

9.80

9.80

700

22
24

4.20

92

92

70

kg

m2

m2

m2

9. Sawn formwork to soffits of suspended slabs

10. Sawn formwork to columns and walls

11. 112.5mm thick brick walls

4.20

8. High tensile rod reinforcement

500

kg

420

m3

5. Mass concrete grade 15

170

m3

4. Hardcore bed blinded with fine materials

7. Mild steel rod reinforcement

30

3. Remove excavated materials off site

6. Reinforced concrete grade 30

33

m3

2. Excavating for footings not exceeding 1.5m deep

28

RMB

DALIAN

m3

Unit

1. Excavating basement not exceeding 2m deep

DESCRIPTION

LANGDON & SEAH VIETNAM CO., LTD

500

280

280

8.00

8.00

1,300

1,400

1,100

90

140

120

MOP

MACAU

940

650

600

65

63

6,850

5,650

4,025

NA

195

175

Rs

INDIA@

44,700

29,400

29,400

1,280

1,240

78,000

64,400

29,200

9,900

1,930

1,930

KRW

SEOUL^^

1
CONSTRUCTION COST DATA

MAJOR RATES FOR SELECTED ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

29
25

140

32

m2

20. Two coats of emulsion paint to plastered surfaces

Average expected preliminaries

N/A

6 - 12

200

650

500

150

120

43

38

4,000

8 - 12

210

1,100

1,450

340

400

103

103

5,250

1,425

39,300

6 - 11

7,870

26,500

64,400

9,300

3,160

1,660

1,660

321,000

The above cost are at 4th Quarter 2015 levels, exclusive of preliminaries and contingencies unless otherwise stated.
@ All rates above are Supply & Fix based on projects in Bangalore and are nett of VAT and Service Tax. Mumbai costs are generally 8% higher
^^ Rates include labour costs and are nett of VAT
Dalian - Item 13 - rate for double glazed window

5 -10

140

m2

17. 20mm Cement and sand (1:4) plaster to walls

m2

40

m2

16. 25mm Cement and sand (1:3) paving

37

kg

15. Steelwork - angles, channels, flats and the like

19. 12mm fibrous plasterboard ceiling lining

9.80

kg

14. Structural steelwork - beams, stanchions and the like

18. Ceramic tiles bedded to floor screed (m/s)

9.80

m2

13. Aluminium casement windows, single glazed

N/A

700

m2

12. "Kliplok Colorbond" 0.64mm profiled steel sheeting

30
26

Detached houses, high end

Terraced houses, average standard

Apartments, high rise, high end

HOTELS

INDUSTRIAL

OUTLINE SPECIFICATION

RC structure with steel roof and M&E to main distribution, but excluding a/c, heating and lighting

Including public area fit-out and M&E, but excluding shop fit-out

RC structure, curtain wall, including public area fit-out, tenant area with raised floor/carpet,
painted wall and false ceiling

Apartment units with fit-out, including air-conditioning, kitchen cabinets and home appliances,
but excluding decorative light fittings and loose furniture
Apartment units with good quality fit-out, including air-conditioning, kitchen cabinets and home
appliances, but excluding decorative light fittings and loose furniture
Houses with fit-out, including air-conditioning, kitchen cabinets and home appliances, but
excluding decorative light fittings, loose furniture, garden and parking
Houses with good quality fit-out, including air-conditioning, kitchen cabinets and home
appliances, but excluding decorative light fittings, loose furniture, garden and parking

Luxury hotels - 5-star

Business hotels - 4/5-star

Budget hotels - 3-star, mid market

1) Interior decoration
2) Furniture (fixed and movable)
3) Special light fittings (chandeliers, etc.)
4) Operating Supplies and Equipment (OS&E) excluded

Owner operated factories, low rise, light weight industry RC structure, including small office with simple fit-out and M&E, but excluding a/c and heating

Medium/high rise offices, average standard


High rise offices, prestige quality
OFFICE /
COMMERCIAL Out-of-town shopping centre, average standard
Retail malls, high end
Industrial units, shell only
(Conventional single storey framed units)

DOMESTIC

Apartments, high rise, average standard

BUILDING

LANGDON & SEAH VIETNAM CO., LTD

1
CONSTRUCTION COST DATA

CONSTRUCTION COST SPECIFICATION

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

31
27

Including fit-out and a/c, but excluding educational equipment

Including fit-out, loose furniture and a/c

Dry sports (no swimming pool) and are for 'leisure centre' type schemes including main
sports hall, ancillary sports facilities, changing and showers, restaurant / cafe, bar, etc. Costs
include a/c, Furniture, Fittings and Equipment (FF&E).

Excluding medical and operating equipment

Schools (primary and secondary)

Students' residences

Sports clubs, multi purpose sports/leisure


centres (dry sports)

General hospitals - public sector

5. All costs are in US$/m2 CFA. Fluctuation in exchange rates may lead to changes in construction costs expressed in U.S. dollars.

4. The standard for each category of building varies from region to region and do not necessary follow that of each other.

The cost excludes site formation works, external works, land cost, professional fees, finance and legal expenses.

3. All bulidings are assumed to have no basements (except otherwise stated) and are built on flat ground, with normal soil and site condition.

lift shafts, stairwells, balconies, plant rooms, water tanks and the like.

2. The costs per square metre are based on Construction Floor Areas (CFA) measured to the outside face of the external walls / external perimeter including

building will depend upon the design and many other factors and may vary from the figures shown.

1. The costs for the respective categories given above are averages based on fixed price competitive tenders. It must be understood that the actual cost of a

Notes:

OTHERS

RC structure

Multi storey car parks, above ground (<4 levels) RC structure, natural ventilaion, no facade enclosure

Underground/basement car parks (<3 levels)

32
28

605 - 755
765 - 885
405 - 475
465 - 565

710 - 825
815 - 1,110
N/A
655 - 860

1,305 - 1,590
N/A
1,690 - 1,960

OFFICE/COMMERCIAL
Medium/high rise offices, average standard
High rise offices, prestige quality
Out-of-town shopping centre, average standard
Retail malls, high end

HOTELS
Budget hotels - 3-star, mid market
Business hotels - 4/5-star
Luxury hotels - 5-star

HO CHI MINH ##

DOMESTIC
Apartments, high rise, average standard
Apartments, high rise, high end
Terraced houses, average standard
Detached houses, high end

DESCRIPTION

LANGDON & SEAH VIETNAM CO., LTD

965 - 1,350
1,675 - 1,960
1,855 - 2,175

575 - 665
835 - 1,130
515 - 615
635 - 825

305 - 460
735 - 880
210 - 305
715 - 880

KUALA
LUMPUR

1,053 - 1,165
1,348 - 1,544
1,573 - 1,685

590 - 730
772 - 983
576 - 744
772 - 800

604 - 730
899 - 1,067
421 - 505
730 - 885

BANGKOK#

US$/m2

1,537 - 1,840
2,167 - 2,471
2,225 - 2,528

813 - 1,116
1,149 - 1,453
789 - 1,092
1,040 - 1,343

813 - 1,116
1,004 - 1,307
526 - 829
800 - 1,103

BRUNEI

1,093 - 1,292
1,492 - 1,663
1,596 - 1,805

627 - 698
926 - 1,045
542 - 599
599 - 646

636 - 722
879 - 998
342 - 442
922 - 1,112

JAKARTA###

1
CONSTRUCTION COST DATA

CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

33
29

345 - 475
200 - 255
210 - 235
265 - 295
560 - 610

835 - 1,040
RM 4.33

N/A

VND 22,410

415 - 465

360 - 475

605 - 725
385 - 425
505 - 555
505 - 655
755 - 805

305 - 385

305 - 380

BAHT 35.61

N/A

505 - 660
168 - 270
N/A
N/A
N/A

N/A

449 - 562

B$ 1.37

1,843 - 2,146

N/A
416 - 720
610 - 913
713 - 1,016
1,640 - 1,943

511 - 814

375 - 678

The above cost are at 4th Quarter 2015 levels, inclusive of preliminaries and contingencies unless otherwise stated.
# Rates exclude VAT and contingencies
## Rates are nett of VAT and contingencies
### Rates are nett of VAT

Exchange Rate Used : US$1 =

OTHERS
Underground/basement car parks (<3 levels)
Multi storey car parks, above ground (<4 levels)
Schools (primary and secondary)
Students' residences
Sports clubs, multi purpose sports/leisure centres
(dry sports)
General hospitals - public sector

INDUSTRIAL
Industrial units, shell only (Conventional single
storey framed units)
Owner operated factories, low rise, light weight
industry

IDR 13,750

N/A

442 - 541
287 - 310
N/A
N/A
998 - 1,496

310 - 343

287 - 310

34
30

Budget hotels - 3-star, mid market


Business hotels - 4/5-star
Luxury hotels - 5-star

HOTELS

Medium/high rise offices, average standard


High rise offices, prestige quality
Out-of-town shopping centre, average standard
Retail malls, high end

OFFICE/COMMERCIAL

Apartments, high rise, average standard


Apartments, high rise, high end
Terraced houses, average standard
Detached houses, high end

DOMESTIC

DESCRIPTION

LANGDON & SEAH VIETNAM CO., LTD

1,180 - 1,375
1,350 - 1,685
1,575 - 2,030

820 - 870
1,260 - 1,365
735 - 870
1,080 - 1,260

860 - 920
1,170 - 1,310
605 - 690
1,280 - 1,370

MANILA*

2,180 - 2,360
2,790 - 3,145
2,790 - 3,145

1,750 - 1,930#
1,930 - 2,145#
1,930 - 2,075
2,075 - 2,290

1,360 - 1,540
2,075 - 3,075
1,750 - 1,965
2,215 - 2,930

SINGAPORE**

4,010 - 4,330
4,210 - 4,970
4,920 - 5,710

3,080 - 3,650
3,820 - 4,710
3,140 - 3,690
4,180 - 4,960

3,140 - 3,690
4,240 - 4,940
4,310 - 5,030
5,580 - 6,350

HONG KONG^

US$/m2

1,010 - 1,245
1,715 - 2,190
2,190 - 2,820

900 - 1,215
1,215 - 2,000
695 - 930
1,245 - 1,715

630 - 695
1,575 - 1,795
929 - 1,010
1,795 - 1,875

BEIJING$

1
CONSTRUCTION COST DATA

CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

35
31

5,130 - 5,830

2,790 - 2,930
SG 1.40

1,350 - 1,475

PHP 47.00

HK$ 7.8

2,370 - 2,950
1,470 - 1,730
2,590 - 2,810
2,540 - 2,950
3,970 - 4,490

945 - 1,290
665 - 945^^
N/A
1,610 - 1,750
2,000 - 2,145

2,410 - 3,060

N/A

560 - 650

510 - 560
460 - 606
690 - 765
690 - 765
1,180 - 1,425

N/A

740 - 945

450 - 460

RMB 6.35

1,245 - 1,560

770 - 850
455 - 535
535 - 695
380 - 535
930 - 1,245

N/A

535 - 615

The above cost are at 4th Quarter 2015 levels, inclusive of preliminaries and contingencies unless otherwise stated.
Rates are exclusive of contingencies.
Rates are nett of GST and exclusive of contingencies
Houses are built to shell and core standard ONLY,
Open on all sides with parapet
where all tenant or occupant areas are unfurnished.
Rates are exclusive of contingencies
Schools (primary and secondary) are of public authority
Offices of average standard are built to the following provisions:
standard, no a/c and complete with basic external works.
(i) Curtain wall/window wall facade
Includes raised floor and ceiling to tenanted areas but
(ii) Tenant are with screeded floor, painted wall and ceiling
excludes office carpets (normally under tenant's fit-out)
Schools (primary and secondary) are of public authority standard,
Rates are exclusive of contingencies & include 12% VAT
no a/c and complete with basic external works.

OTHERS
Underground/basement car parks (<3 levels)
Multi storey car parks, above ground (<4 levels)
Schools (primary and secondary)
Students' residences
Sports clubs, multi purpose sports/leisure centres
(dry sports)
General hospitals - public sector

INDUSTRIAL
Industrial units, shell only (Conventional single
storey framed units)
Owner operated factories, low rise, light weight
industry

36
32

HOTELS

Retail malls, high end

OFFICE/COMMERCIAL

DOMESTIC
Apartments, high rise, average standard
Apartments, high rise, high end

DESCRIPTION

LANGDON & SEAH VIETNAM CO., LTD

975 - 1,195
1,645 - 2,245
2,245 - 2,695

900 - 1,195
1,195 - 1,495
N/A
1,270 - 1,645

675 - 750
1,645 - 1,800
450 - 480
675 - 750

SHANGHAI$

980 - 1,085
1,585 - 1,750
2,160 - 2,385

755 - 836
1,045 - 1,155
720 - 795
1,065 - 1,175

520 - 575
865 - 955
390 - 435
535 - 590

SHENZHEN
GUANGZHOU$

945 - 1,180
1,655 - 2,125
N/A

805 - 960
1,025 - 1,415
630 - 835
1,100 - 1,495

490 - 645
785 - 1,040
385 - 470
530 - 630

CHONGQING
CHENGDU$

US$/m2

980 - 1,080
1,480 - 1,930
N/A

815 - 890
1,110 - 1,260
666 - 740
1,110 - 1,260

520 - 590
860 - 965
385 - 445
520 - 565

SHENYANG$

1
CONSTRUCTION COST DATA

CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

33

N/A

1,495 - 1,945

RMB 6.35

Exchange Rate Used : US$1 =

RMB 6.35

N/A

N/A
330 - 395
N/A
N/A
N/A

The above cost are at 4th Quarter 2015 levels, inclusive of preliminaries and contingencies unless otherwise stated
$ Rates are exclusive of contingencies.
Houses are built to shell and core standard ONLY, where all tenant or occupant areas are unfurnished.
Schools (primary and secondary) are of public authority standard, no a/c and complete with basic external works.

RMB 6.35

500 - 795
355 - 390
395 - 435
250 - 280
740 - 815

N/A

N/A

N/A

750 - 1,050
375 - 525
525 - 675
375 - 525
975 - 1,195

440 - 585

495 - 545

525 - 600

OTHERS
Underground/basement car parks (<3 levels)
Multi storey car parks, above ground (<4 levels)
Schools (primary and secondary)
Students' residences
Sports clubs, multi purpose sports/leisure centres
(dry sports)
General hospitals - public sector

INDUSTRIAL
Industrial units, shell only (Conventional single
storey framed units)
Owner operated factories, low rise, light weight
industry

RMB 6.35

N/A

560 - 625
350 - 375
N/A
N/A
N/A

N/A

N/A

38
34

560 - 650
1,070 - 1,170
415 - 475
560 - 625

845 - 905
1,155 - 1,215
740 - 830
1,140 - 1,290

1,010 - 1,095
1,700 - 1,930
N/A

OFFICE/COMMERCIAL
Medium/high rise offices, average standard
High rise offices, prestige quality
Out-of-town shopping centre, average standard
Retail malls, high end

HOTELS
Budget hotels - 3-star, mid market
Business hotels - 4/5-star
Luxury hotels - 5-star

DALIAN$

DOMESTIC
Apartments, high rise, average standard
Apartments, high rise, high end
Terraced houses, average standard
Detached houses, high end

DESCRIPTION

LANGDON & SEAH VIETNAM CO., LTD

3,295 - 3,720
4,475 - 5,340
5,340 - 6,315

2,505 - 3,235
3,235 - 3,535
2,355 - 3,535
3,710 - 4,475

2,170 - 2,655
3,035 - 4,635
3,710 - 4,425
4,510 - 5,875

MACAU***

US$/m2

725 - 805
1,130 -1,340
1,430 -1,585

385 - 420
480 - 510
375 - 410
525 - 570

510 - 585
775 - 930
350 - 375
460 - 485

INDIA@

1,646 - 2,069
2,306 - 3,979
2,562 - 4,093

1,197 - 1,364
1,391 - 1,690
1,127 - 1,743
1,320 - 2,183

1,347 - 1,629
1,620 - 1,981
N/A
2,210 - 3,363

SEOUL##

1
CONSTRUCTION COST DATA

CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

39
35

MOP 7.98

N/A

N/A

RMB 6.35

1,955 - 2,870
1,080 - 1,415
2,155 - 2,505
1,715 - 1,990
N/A

N/A

N/A

N/A
365 - 380
N/A
N/A
N/A

N/A

N/A

INR 65

585 - 640

250 - 270
195 - 215
245 - 270
270 - 300
535 - 560

320 - 375

300 - 355

KRW 1,136

N/A

942 - 1,109
581 - 757
N/A
1,382 - 1,488
N/A

N/A

660 - 836

The above cost are at 4th Quarter 2015 levels, inclusive of preliminaries and contingencies unless otherwise stated.
Rates are exclusive of contingencies.
Houses are built to shell and core standard ONLY, where all tenant or occupant areas are unfurnished.
Schools (primary and secondary) are of public authority standard, no a/c and complete with basic external works.
Rates are based on projects in Bangalore and are nett of VAT and Service Tax. Mumbai costs are generally 8% higher
Rates are nett of VAT and exclusive of contingencies
Rates are exclusive of contingencies and any management contract fee

Exchange Rate Used : US$1 =

OTHERS
Underground/basement car parks (<3 levels)
Multi storey car parks, above ground (<4 levels)
Schools (primary and secondary)
Students' residences
Sports clubs, multi purpose sports/leisure centres
(dry sports)
General hospitals - public sector

INDUSTRIAL
Industrial units, shell only (Conventional single
storey framed units)
Owner operated factories, low rise, light weight
industry

40
36

1,736,000 -2,474,000
N/A
N/A
N/A
1,387,000 - 1,900,000

2,037,000 -2,429,000
N/A
N/A
N/A
1,796,000 - 2,269,000

281,000 - 534,000

ELECTRICAL SERVICES
Offices
Industrial**
Hotels
Shopping Centres
Apartment

HYDRAULIC SERVICES
Offices

VND/m2

HO CHI MINH

MECHANICAL SERVICES
Offices
Industrial*
Hotels
Shopping Centres
Apartment

DESCRIPTION

LANGDON & SEAH VIETNAM CO., LTD

26 - 59

230 - 470
144 - 160
255 - 600
210 - 280
88 - 220

360 - 475
62 - 90
290 - 465
300 - 410
210 - 295

RM/m2

KUALA
LUMPUR

790 - 910

3,400 - 3,600
1,950 - 2,200
3,800 - 4,200
2,800 - 3,010
2,800 - 3,350

4,400 - 4,800
1,550 - 1,600
4,600 - 5,100
4,400 - 4,800
4,400 - 4,500

BAHT/m2

BANGKOK##

16 - 39

233 - 292
194 - 233
292 - 381
221 - 317
252 - 317

181 - 226
23 - 39
292 - 336
207 - 246
214 - 246

B$/m2

BRUNEI

190 - 290

780 - 1,040
440 - 690
790 - 1,110
690 - 870
780 - 1,040

965 - 1,140
300 - 700
965 - 1,300
855 - 1,030
855 - 1,110

RP000/m2

JAKARTA$

1
CONSTRUCTION COST DATA

M&E COSTS FOR SELECTED ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

41
37

650,000 - 1,079,000
N/A
N/A
N/A
446,000 - 561,000

611,000 - 1,165,000
N/A
N/A
1,243,000 - 1,760,000
694,000 - 1,004,000

FIRE SERVICES
Offices
Industrial
Hotels
Shopping Centres
Apartment

LIFTS/ESCALATORS
Offices
Industrial
Hotels
Shopping Centres
Apartment

88 - 400
55 - 190
85 - 370
85 - 110
63 - 105

60 - 80
45 - 65
65 - 95
65 - 85
20 - 25

37 - 46
180 - 250
26 - 35
20 - 50

1,050 - 1,180
N/A
1,100 - 1,200
250 - 450
500 - 580

780 - 850
730 - 750
780 - 890
780 - 820
720 - 850

750 - 790
1,400 - 1,650
790 - 950
1,200 - 1,400

9 - 32
4 - 19
12 - 45
12 - 36
11 - 26

32 - 39
12 - 19
26 - 49
32 - 66
26 - 52

11 - 19
61 - 84
12 - 41
38 - 60

The above cost are at 4th Quarter 2015 levels, exclusive of preliminaries and contingencies unless otherwise stated.
* Generally without A/C
** Excludes special power supply
## Based upon nett enclosed area and nett of VAT
$ All rates are nett of VAT. Rates for Electrical Services are excluding genset. Rates for Hydraulic Services are excluding STP
Rates for Mechanical Services refers to ACMV Rates only

N/A
N/A
N/A
546,000 - 647,000

Industrial
Hotels
Shopping Centres
Apartment

430 - 1,170
N/A
430 - 1,090
320 - 870
420 - 870

250 - 390
110 - 200
270 - 390
270 - 310
270 - 310

110 - 200
790 - 1,110
190 - 290
770 - 1,110

42
38

3,000 - 5,000
650 - 1,500
3,000 - 6,500
2,500 - 4,500
600 - 3,000

3,300 - 6,000
2,000 - 3,500
4,700 - 9,000
3,060 - 6,000
3,600 - 6,300

900 - 2,000

ELECTRICAL SERVICES
Offices
Industrial**
Hotels
Shopping Centres
Apartment

HYDRAULIC SERVICES
Offices

PESOS/m2

MANILA^

MECHANICAL SERVICES
Offices
Industrial*
Hotels
Shopping Centres
Apartment

DESCRIPTION

LANGDON & SEAH VIETNAM CO., LTD

30 - 60

170 - 275
55 - 145
195 - 380
170 - 325
105 - 245

165 - 270
35 - 125
140 - 300
160 - 265
95 - 180

S$/m2

SINGAPORE^^

600 - 750

1,750 - 2,500
650 - 900
1,900 - 2,600
1,900 - 2,500
1,100 - 1,750

2,000 - 2,800
200 - 300
2,200 - 2,750
2,300 - 2,850
850 - 1,750

HK$/m2

HONG KONG

95 - 140

460 - 703
320 - 450
705 - 943
481 - 676
253 - 398

760 - 1,050
170 - 280
910 - 1,150
790 - 950
140 - 410

RMB/m2

BEIJING

1
CONSTRUCTION COST DATA

M&E COSTS FOR SELECTED ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

43
39

70 - 180
45 - 115
70 - 120
60 - 100
45 - 125

35 - 60
25 - 55
35 - 60
40 - 60
25 - 55

20 - 40
100 - 190
50 - 90
80 - 155

700 - 1,200
550 - 750
550 - 850
850 - 1,000
450 - 850

550 - 700
400 - 500
600 - 850
550 - 700
150 - 250

450 - 600
1,800 - 2,500
600 - 750
1,250 - 2,000

The above cost are at 4th Quarter 2015 levels, exclusive of preliminaries and contingencies unless otherwise stated.
* Generally without A/C
** Excludes special power supply
^ Transformer, included in Electrical Services
^^ Rates are nett of GST and excluding BAS

1,600 - 2,900
N/A
1,800 - 3,000
595 - 2,000
800 - 2,100

700 - 1,200
600 - 900
700 - 1,200
700 - 1,300
650 - 1,300

FIRE SERVICES
Offices
Industrial
Hotels
Shopping Centres
Apartment

LIFTS/ESCALATORS
Offices
Industrial
Hotels
Shopping Centres
Apartment

700 - 1,300
1,950 - 4,000
700 - 1,600
1,400 - 2,700

Industrial
Hotels
Shopping Centres
Apartment

294 - 577
145 - 400
232 - 520
327 - 520
175 - 289

180 - 265
150 - 225
220 - 375
220 - 375
70 - 135

95 - 140
370 - 480
140 - 200
170 - 230

44
40

761 - 966
173 - 289
971 - 1,265
1,050 - 1,103
310 - 410

593 - 651
305 - 431
651 - 830
520 - 651
252 - 368

110 - 163

ELECTRICAL SERVICES
Offices
Industrial**
Hotels
Shopping Centres
Apartment

HYDRAULIC SERVICES
Offices

RMB/m2

SHANGHAI

MECHANICAL SERVICES
Offices
Industrial*
Hotels
Shopping Centres
Apartment

DESCRIPTION

LANGDON & SEAH VIETNAM CO., LTD

122 - 166

530 - 765
306 - 445
680 - 916
483 - 653
278 - 445

765 - 1,040
150 - 268
1,071 - 1,339
707 - 954
122 - 380

RMB/m2

SHENZHEN
GUANGZHOU

N/A

N/A
N/A
2,600 - 3,100
2,600 - 2,800
1,000 - 1,300

N/A
N/A
2,600 - 3,000
2,200 - 2,800
900 - 1,100

MOP/m2

MACAU

60 - 120

420 - 650
250 - 350
500 - 750
400 - 650
220 - 330

680 - 980
130 - 220
720 - 1,150
580 - 980
90 - 280

RMB/m2

CHONGQING
CHENGDU

1
CONSTRUCTION COST DATA

M&E COSTS FOR SELECTED ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

45
41

220 - 300
150 - 250
280 - 380
250 - 380
50 - 100

280 - 550
135 - 390
220 - 495
325 - 495
165 - 325

FIRE SERVICES
Offices
Industrial
Hotels
Shopping Centres
Apartment

LIFTS/ESCALATORS
Offices
Industrial
Hotels
Shopping Centres
Apartment

294 - 481
150 - 434
241 - 465
326 - 460
122 - 268

224 - 348
139 - 267
278 - 413
247 - 370
64 - 122

86 - 112
391 - 493
112 - 150
145 - 257

N/A
N/A
600 - 800
450 - 700
450 - 600

N/A
N/A
900 - 1,100
600 - 800
250 - 300

N/A
1,800 - 2,200
600 - 800
1,500 - 2,000

The above cost are at 4th Quarter 2015 levels, exclusive of preliminaries and contingencies unless otherwise stated.
* Generally without A/C
** Excludes special power supply

89 - 131
368 - 488
137 - 184
168 - 226

Industrial
Hotels
Shopping Centres
Apartment

330 - 580
140 - 340
280 - 480
280 - 430
130 - 230

160 - 230
130 - 230
180 - 300
200 - 300
45 - 90

60 - 120
280 - 350
60 - 120
100 - 180

46
42

585 - 683
N/A
683 - 780
585 - 878
98 - 293

439 - 634
N/A
683 - 878
488 - 585
293 - 390

30 - 118

ELECTRICAL SERVICES
Offices
Industrial**
Hotels
Shopping Centres
Apartment

HYDRAULIC SERVICES
Offices

RMB/m2

SHENYANG

MECHANICAL SERVICES
Offices
Industrial*
Hotels
Shopping Centres
Apartment

DESCRIPTION

LANGDON & SEAH VIETNAM CO., LTD

69 - 118

458 - 673
N/A
702 - 897
507 - 605
215 - 312

585 - 683
N/A
683 - 780
585 - 683
98 - 293

RMB/m2

DALIAN

36,000 - 59,000

210,000 - 395,000
130,000 - 190,000
300,000 - 490,000
180,000 - 262,000
140,000 - 189,000

230,000 - 301,000
96,000 - 165,000
223,000 - 353,000
155,000 - 255,000
99,000 - 180,000

KRW/m2

SEOUL#

665 - 1,005

3,765 - 5,195
2,225 - 3,700
4,200 - 5,725
3,600 - 4,825
1,825 - 2,500

4,250 - 6,050
1,965 - 3,500
5,250 - 5,725
4,085 - 5,350
2,335 - 2,865

INR/m2

INDIA@

1
CONSTRUCTION COST DATA

M&E COSTS FOR SELECTED ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

43

146 - 224
N/A
127 - 224
49 - 146
49 - 127

300 - 550
N/A
300 - 500
140 - 230
120 - 250

FIRE SERVICES
Offices
Industrial
Hotels
Shopping Centres
Apartment

LIFTS/ESCALATORS
Offices
Industrial
Hotels
Shopping Centres
Apartment
250 - 350
150 - 250
120 - 200

300 - 550

146 - 224
N/A
146 - 224
146 - 195
59 - 146

N/A
197 - 296
118 - 167
99 - 148

42,000 - 67,000
16,000 - 26,000
100,000 - 175,000
48,000 - 84,000
29,000 - 41,000

32,000 - 65,000
25,000 - 38,000
38,000 - 85,000
26,000 - 70,000
35,000 - 68,000

23,000 - 33,000
74,000 - 115,000
30,000 - 60,000
51,000 - 78,000

875 - 1,115
565 - 730
1,275 - 1,850
1,485 - 1,910
795 - 1,010

1,050 - 1,375
505 - 665
1,225 - 1,565
1,010 - 1,165
555 - 670

450 - 795
3,445 - 5,195
980 - 1,775
1,550 - 2,150

The above cost are at 4th Quarter 2015 levels, exclusive of preliminaries and contingencies unless otherwise stated.
* Generally without A/C
** Excludes special power supply
# Rates are nett of VAT
@ Rates are based on projects in Bangalore and are nett of VAT and Service Tax. Mumbai costs are generally 8% higher

N/A
197 - 296
118 - 167
99 - 197

Industrial
Hotels
Shopping Centres
Apartment

48
44

GUANGZHOU

BEIJING

BRUNEI

BANGALORE

BANGKOK

KUALA LUMPUR

HO CHI MINH +

COUNTRY

0.653
0.473
1.014*
0.719*
1.120

N/A
N/A
N/A
N/A

0.645
0.439
0.867
0.648
0.920

0.478 - 0.527
0.290 0.483
0.267 0.444
0.967

0.238 - 0.462
0.260 0.441
0.239 0.406
0.242-0.580

0.110 - 0.147

0.088 - 0.118

0.081 0.083

0.074 0.076

0.115-0.123

0.050 - 0.132

0.057 0.120**

0.052 0.111**

0.043-0.093

RM 4.33

Baht : 32.75

Baht : 35.61

INR 62

4th Quarter 2015

4th Quarter 2014

4th Quarter 2015

RMB 6.14

RMB 6.35

4th Quarter 2014

4th Quarter 2015

0.1

0.1

0.16/0.11

1.31
1.00

N/A
N/A

1.18
0.86

0.57
0.55

0.32
0.31

0.98

1.13

0.07

RMB 6.35

4th Quarter 2015

N/A

N/A
1.12

1.16

0.81~1.47

0.16
0.24(peak)
0.13(normal)
0.16/0.11

0.08

RMB 6.14

4th Quarter 2014

0.86

0.427
0.411
0.306

0.492 - 0.532

0.088 - 0.355

0.058 - 0.162

0.008 - 0.12

B$1.26

4th Quarter 2015

1.28

0.427
0.411
0.306

0.492 - 0.532

0.088 - 0.355

0.058 - 0.162

0.008 - 0.12

B$1.26

4th Quarter 2014

0.78~1.42

0.993
N/A

0.762

1.338

0.400-0.692

0.116-0.121

0.042-0.098

INR 65

4th Quarter 2015

4th Quarter 2014

0.81-0.84++++

NA
N/A

0.61+++

0.75/0.43
0.598 - 0.659

0.24-0.51
0.165 - 0.578

0.09-0.16 / 0.06-0.11

0.11++

0.063 - 0.165

US$/litre
0.95-0.98++++

NA

0.89+++

0.8/0.49

0.25-0.54

Unleaded

US$/litre

US$/litre

US$/m3

FUEL

US$/m3

Leaded

Diesel

WATER
Commercial/
Industrial

Domestic

RM 3.46

0.09-0.16 / 0.06-0.11

Commercial/
Industrial
US$/kwh

ELECTRICITY

VND 22,410

4th Quarter 2015

0.11++

US$/kwh

Domestic

4th Quarter 2014

VND 21,282

4th Quarter 2014

US$1=

Exchange
Rate Used

LANGDON & SEAH VIETNAM CO., LTD

1
CONSTRUCTION COST DATA

UTILITY COST FOR SELECTED ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

49
45

SINGAPORE*

SEOUL

NEW DELHI

MANILA

JAKARTA

CHONGQING

SHANGHAI

MACAU

HONG KONG

0.20^

0.15^

S$1.26

S$1.40

4th Quarter 2015

0.05 - 0.165***

4th Quarter 2015 KRW 1,136.00

4th Quarter 2014

0.129*

0.062-0.130

INR 65

4th Quarter 2015

4th Quarter 2014 KRW 1,114.60

0.064-0.130

INR 62

**0.21-0.22'

PHP 47.00

4th Quarter 2015

4th Quarter 2014

**0.22-0.27'

PHP 44.50

4th Quarter 2014

0.111

IDR 13,750

4th Quarter 2015

0.08

0.125

RMB 6.35

IDR 12,150

4th Quarter 2015

4th Quarter 2014

0.08

RMB 6.14

RMB 6.35

4th Quarter 2014

4th Quarter 2015

0.15^

0.20^

0.06 - 0.1***

0.154*

0.139-0.160

0.139-0.160

**0.21'

**0.21'

0.111

0.125

0.13

0.13/0.138

0.173(peak)
0.082(normal)
0.162(peak)
0.072(normal)

0.111(peak)
0.055(normal)
0.097(peak)
0.048(normal)

RMB 6.14

0.17 oo

0.17 oo

MOP 7.98

4th Quarter 2015

4th Quarter 2014

0.17 oo

0.17 oo

MOP 7.99

0.12

0.1

HK$7.80

4th Quarter 2015

4th Quarter 2014

0.13

0.1

HK$7.80

4th Quarter 2014

1.29^^

1.43^^

0.32 - 0.69****

0.59*

0.288-1.037

0.175-1.288

**0.48-0.80'

**0.48-0.69'

0.713

0.807

0.38

0.46

0.57

0.48

0.55 to 0.78 o

0.55 to 0.78 o

0.83

0.83

1.49^^^

1.65^^^

0.7- 1.11****

1.52**

1.318-5.886

1.202-5.366

**1.47'

**1.47'

0.877

1.033

0.72

0.67

0.82

0.6

0.70 ooo

0.70 ooo

0.59

0.59

0.86^^^^

1.21^^^^

1.08

1.35

0.720

0.847

0.568

0.808

0.487

0.617

0.85

1.08

0.84

1.10

1.21

1.44

1.37

1.57

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

1.62^^^^^

1.76^^^^^

1.28

1.55

0.939

1.021

0.905

1.041

0.538

0.700

0.91/ 0.97 *

1.09/1.15 *

0.91-0.97

1.12-1.19

1.44

1.94

1.85

2.10

46
50

Note
HO CHI MINH
+
All rates are VAT inclusive
++
Domestic electricity rates are applied to the 301 KW above wards
+++ D.O- 0.05%
++++ 92&95 Unleaded petrol
KUALA LUMPUR
Unleaded petrol Ron 95
BANGKOK
*
Unleaded = Gasohol 95
**
For normal tariff with consumption not exceeding 150 kWh per month
BRUNEI
Electricity (Domestic) : Tariff effective from 1st Jan 2012. 1-10kwh 10c, 11-60kwh 8c, 61-100kwh 12c, above 100kwh 15c
BEIJING
 8QOHDGHGJDVROLQH
GUANGZHOU

8QOHDGHGJDVROLQH
HONG KONG
SS
Electricity: (Dom): 0-400 kWh = US$0.10; 400-1,000kWh = US$0.12; 1,000 - 1,800kWh = US$0.14; 1,800 - 2,600kWh = US$0.18;
2,600 - 3,400 kWh = US$0.21; 3,400 - 4,200 kWh = US$0.22; Above 4,200 kWh = US$0.22
(Based on tariff scheme of CLP Holding Limited and is charged on bi-monthly consumption)
SS1 Water: (Dom): 0-12m3 = F.O.C; 12 - 43m3 = US$0.53; 43 - 62m3 = US$0.83/m3; Above 62m3 = US$1.16/m3
MACAU
o
Water: Consumption charge : US$0.55/m3 for 28m3 or below, US$0.62/m3 for 29m3 to 60m3, US$0.70/m3 for 61m3 to 79m3 and
US$0.78/m3 for 80m3 or above; Other charges (Depending on meter size 15mm - 200mm) : Meter rental = US$0.34 - 58.00/month
oo
Electricity tariff are composition of demand charges, consumption charges, fuel clause adjustment and government tax
ooo Charges for ordinary users (e.g. Business, government buildings, schools, associations, hospitals and others) only
Special users (e.g. gaming industries, hotels, saunas, golf courses, construction, public infrastructures and other temporary consumption) are excluded

LANGDON & SEAH VIETNAM CO., LTD

1
CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

51
47

Note (Continued)
SHANGHAI
Unleaded 93# = US$1.09/litre; Unleaded 97# = US$1.15/litre
CHONGQING
*
Unleaded 93# = US$1.09/litre; Unleaded 97# = US$1.15/litre
MANILA
**
Actual Biling: Include misc. charges such as Environmental Charge, Currency Exchange Rate adjustment (CERA), VAT, etc.
'
Electricity - (Dom) : 190 kWh - 860kWh; (Comm/Ind): 150,000kWh; Water - (Dom): 29m3 - 41m3; (Comm/Ind) 4,030m3
SEOUL
*
Plus electricity basic rates; domestic: US$5.368/month + US$0.08/Kwh (300KWh below in use) and commercial: US$4.687/month + US$0.066/Kwh
(300KWh below in use)
**
Plus water basic rates; domestic: US$ 0.939/month (within 30m3 usage) and commercial: US$77.39/month (within 100m3 usage)
***
Plus electricity basic rates; domestic: US$1.41/month + US$0.05/kwh ~ 0.165/kwh (300kwh below in use)
and commercial: US$6.31/month + US$0.06/kwh ~ 0.1/kwh (300kwh below in use)
**** Plus water basic rates; domestic: US$ 0.95/month (the usage of 15mm caliber) and commercial: US$78.35/month (the usage of 100mm caliber)
SINGAPORE
*
All rates are nett of GST
^
Electricity tariff is based on low tension power supply
^^
Domestic water rate includes water conservation tax & water-borne fee and is an average for the 1st 40m3, exclude sanitary appliance fee
^^^ Non-domestic water rate includes water conservation tax and water-borne fee, exclude sanitary appliance fee
^^^^ As at 5 November 2015
^^^^^ 98 Unleaded petrol as at 5 November 2015

GENERAL CONSTRUCTION DATA

Material Price Indices


Import Duties
Progress Payments
Estimating Rules of Thumb

50

2015

2014

2013

2012

2011

2010

2009

2008

Year

I
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
III
IV

Quarter

100.00
129.63
154.51
107.14
97.68
98.13
105.54
109.11
111.18
103.48
114.55
120.00
134.20
131.52
142.19
142.19
142.19
142.19
145.71
145.71
145.71
135.45
135.45
129.20
129.20
129.20
129.20
129.20
128.13
128.13
126.79
126.79

0.00%
29.63%
19.20%
-30.66%
-8.83%
0.46%
7.55%
3.38%
1.90%
-6.93%
10.70%
4.75%
11.83%
-2.00%
8.11%
0.00%
0.00%
0.00%
2.48%
0.00%
0.00%
-7.05%
0.00%
-4.61%
0.00%
0.00%
0.00%
0.00%
-0.83%
0.00%
-1.05%
0.00%

Steelbar (D12-D15)
Index
(Base
Inflation
QI/2008)

11,200,000
14,518,000
17,305,000
12,000,000
10,940,000
10,990,000
11,820,000
12,220,000
12,452,500
11,590,000
12,830,000
13,440,000
15,030,000
14,730,000
15,925,000
15,925,000
15,925,000
15,925,000
16,320,000
16,320,000
16,320,000
15,170,000
15,170,000
14,470,000
14,470,000
14,470,000
14,470,000
14,470,000
14,350,000
14,350,000
14,200,000
14,200,000

VND/T

LANGDON & SEAH VIETNAM CO., LTD

676,804
790,476
904,000
850,000
879,819
879,819
879,819
879,819
879,819
879,819
879,819
879,819
879,819
879,819
970,000
970,000
945,000
945,000
1,127,272
1,109,000
1,109,090
1,109,090
1,109,090
1,109,090
1,109,090
1,109,090
1,109,090
1,109,090
1,109,090
1,109,090
1,109,090
1,109,090

100.00
116.80
133.57
125.59
130.00
130.00
130.00
130.00
130.00
130.00
130.00
130.00
130.00
130.00
143.32
143.32
139.63
139.63
166.56
163.86
163.87
163.87
163.87
163.87
163.87
163.87
163.87
163.87
163.87
163.87
163.87
163.87

0.00%
16.80%
14.36%
-5.97%
3.51%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
10.25%
0.00%
-2.58%
0.00%
19.29%
-1.62%
0.01%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

Concrete (Grade 250)


Index
(Base
Inflation
QI/2008)

VND/m3
976
973
1,275
1,273
1,255
1,255
1,255
1,255
1,255
1,218
1,209
1,209
1,241
1,263
1,459
1,459
1,459
1,546
1,600
1,600
1,600
1,600
1,600
1,600
1,600
1,600
1,600
1,600
1,504
1,550
1,550
1,550

VND/kg
100.00
99.69
130.64
130.43
128.59
128.59
128.59
128.59
128.59
124.80
123.87
123.87
127.15
129.41
149.49
149.49
149.49
158.40
163.93
163.93
163.93
163.93
163.93
163.93
163.93
163.93
163.93
163.93
154.10
158.81
158.81
158.81

Cement (PCB40)
Index
(Base
QI/2008)
0.00%
-0.31%
31.04%
-0.16%
-1.41%
0.00%
0.00%
0.00%
0.00%
-2.95%
-0.74%
0.00%
2.65%
1.77%
15.52%
0.00%
0.00%
5.96%
3.49%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-6.00%
3.06%
0.00%
0.00%

Inflation

2
GENERAL CONSTRUCTION DATA

MATERIAL PRICE INDICES

GENERAL CONSTRUCTION DATA

GENERAL CONSTRUCTION DATA

51

III

2008

II

IV

III

2009

II

IV

Steelbar (D12-D25)

III

2010

II

IV

III

2011

II

III

2012

II

Concrete (Grade 250)

IV

(Source: Ho Chi Minh City Departments of Construction and Departments of Finance Year 2008-2015)

180
170
160
150
140
130
120
110
100
90
80
IV

III

2013

II

IV

IV

III
2015

II

Cement (PCB40)

III
2014

II

IV

GENERAL CONSTRUCTION DATA


IMPORT DUTIES

MFN/WTO

ACFTA

Non-ACFTA

AKFTA

AANZFTA

AIFTA

VCFTA

AJCEP

VJEPA

VAT TARIFF

Marble

kg

12

(1)

(2)

10

10

17

14

16

10

Granite

kg

12

(3)

(2)

10

10

17

14

16

10

Carpentry of Wood

kg

10

Porland cement

kg

37

20

10

29

10

1000
unit

35

20

10

10 22.5

29

23

25

10

Ceramic roofing tiles

kg

45

20

10

30

46

28

31

10

Ceramic floor, hearth, wall


tiles

m2

45

(4)

10

30

48

28

31

10

Ceramic sanitary fixtures of


porcelain

kg

35

15

(5)

10

(4)

10

30

39

29

32

10

Multiple-walled insulating
units of glass

m2

25

10

20

30

30

10

Glass mirror (unframed)

kg

25

10

22

30

30

10

Concrete steel

kg

15

15

(6)

10

10

U,I or H section of steel


(height under 80mm)

kg

12

15

37

15

10

10

Alluminium doors, windows,


frames and thresholds

m2

15

12

13

10

Air conditioner (window or


wall mounted) not
exceeding 26,38 kW

unit

30

15

(7)

10

27

29

11

10

Passenger lifts

unit

10

(8)

(8)

4.5

10

Water pump

unit

20

10

27

21

17

19

10

Electric genset

unit

20

12

(1)

10

21

30

30

10

LANGDON & SEAH VIETNAM CO., LTD

Ceramic building bricks,


flooring blocks

52

MFN/WTO
ATIGA
ACFTA
AKFTA
AANZFTA
AIFTA
VCFTA
AJCEP
VJEPA

Non-AKFTA

UNIT

ATIGA

SPECIAL TARIFF
DESCRIPTION
(ALL FIGURES)

*
*

: Most-Favored-Nation/World Trade Organisation


Normal Tax Rate = Favoured Tax Rate x 150%
: ASEAN Trade In Goods Agreement/ ASEAN Free Trade Area
: ASEAN-China Free Trade Agreement
: ASEAN-Korea Free Trade Agreement
: Australia-ASEAN-New Zealand Free Trade Agreement
: ASEAN-India Free Trade Agreement
: Vietnam-Chile Free Trade Agreement
: ASEAN-Japan Comprehensive Economic Partnership
: Vietnam-Japan Economic Partnership Agreement

(1)

: Cambodia, Thailand
: Thailand
: Cambodia, Indonesia, Thailand
(4)
: Myanmar
(5)
: Cambodia, Indonesia, Malaysia
(6)
: Cambodia, Lao, Malaysia, Thailand
(7)
: Brunei, Cambodia, Philippines, Thailand
(8)
: Malaysia, Thailand
(2)
(3)

(*) When the MFN duty rate of a goods item specified in the preferential import table
of rates is lower than the particularly preferential tax rate specified in Vietnam's
particularly preferential import table of rates applicable to each trade agreement
romulgated under the Finance Minister's decision, the import duty rate applicable
to this goods item is the MFN tax rate.
(*) Symbol in AKFTA column: Goods made in Khai Thanh Industrial Zone of North
Korea (GIC Items).
(*) Imported goods are not received special preferential tariffs at the corresponding time.

GENERAL CONSTRUCTION DATA

PROGRESS PAYMENTS
The following graph and table are an indication of the
rate of expenditure for construction projects.
The rate of expenditure is an average rate and will
circumstances are taken into account.
No account has been made for retention.

Progress Claims
100%

80%

60%

40%

20%

0%
0%

20%

40%

60%

80%

100%

Project Period

CONTRACT

CUMMULATIVE
PROGRESS
CLAIMS

GENERAL CONSTRUCTION DATA

CONTRACT
PERIOD

CUMMULATIVE
PROGRESS
CLAIMS

53

GENERAL CONSTRUCTION DATA


ESTIMATING RULES OF THUMB
Structural Design Concrete Ratios
The following is a range of concrete ratios for building
superstructure design in Viet Nam.
3/m2
2/m2
3

0.5 m3/m2
3.0 m2/m2
250 kg/m3

to
to
to

Average External Wall/Floor Ratio


2/m2
2/m2
2/m2

Average Internal Wall/Floor Ratio


2/m2
2/m2
2/m2

Air - Conditioning
2

The above ratios are indicative and for reference purposes


only. They do not account for buildings with special shapes,

LANGDON & SEAH VIETNAM CO., LTD

Indicative Dimensions for Sports Grounds

54

Length

Width

Tennis Court

40 m

20 m

Volleyball Court

30 m

20 m

The above dimensions are for a single court with appropriate


clearance. No Spectator seating or support area has been
allowed.
Densities of Common Materials
Concrete
Cement
Sand

2,400 kg/m3
1,441 kg/m3
1,600 kg/m3

Water

3
3

3
3

1,000 kg/m3

Soil (compact)

2,100 kg/m3

GENERAL CONSTRUCTION DATA

Concrete Strength (in accordance with TCVN 3118 - 1993)

6,000
5,000
4,000
3,000

41
34
28
21

49
41
34
25

40
35
30
25

5,800
5,000
4,400
3,600

33
29
25
21

15

2,200

13

Reinforcement
Bar Dia.
(mm)

Weight/m
(kg/m)

Perimeter
(mm)

Area
(mm2)

0.395

25.13

50.26

20

2.466

62.83

314.16

32
40

6.313
9.864

100.53
125.66

804.25
1,256.64

0.45 m3
0.43 m3
0.38 m3

0.90 m3
0.86 m3

Composition of Concrete (per m3)


1:3:6
1:2:4
1:1:2

216 kg
308 kg
540 kg

Average Loads

Volume

Lorry (24 ton)


Concrete truck (24 ton)

10.0 m3
5.5 m3
3

Dimensions for Standard Parking Space,


Loading / Unloading Bays and Lay - bys

Light Vans

5m

2.5 m

2.4 m

Lorries
Container Vehicles

11 m
16 m

3.5 m
3.5 m

4.1 m
3.5 m

and the lower most projection from the ceiling including any
lighting units, ventilation ducts, conduits or similar.

GENERAL CONSTRUCTION DATA

55

PROPERTYINVESTMENT
PROPERTY

Building Control and Procedures


Project Closed Out Procedures
Typical Submission Flowchart
Key Planning Parameter

Procurement Strategies
Contractor Selection Strategies
Property Overview

PROPERTY INVESTMENT
BUILDING CONTROL AND PROCEDURES
Project Classification
Projects are categorized based on the scale, nature
and source of fund in accordance with Appendix 01 of
the Decree 59/2015/NDCP dated 18 June 2015.
Special projects under the jurisdiction of the Prime
Ministers Office encompass the most national important
project and or top security project. Projects classified
as Group A under the jurisdiction of the Ministers of
Ministries encompass infrastructure and ports
(sea-ports and airports), oil and gas, cultural and
sensitive projects to national defense and all projects
over VND 2,300 billion, or equivalent to approx. USD
100 million. Group B projects encompass all other
projects and fall under the jurisdiction of Provincial
Peoples Committees and require registration only for
investment licenses and applies to projects with a
manufacturing and export earnings component. A full
assessment for investment licenses is required for all
other projects.

LANGDON & SEAH VIETNAM CO., LTD

Project Investment Appraisal


Developers must carry out the project investment report
(feasibility study report) and the basic design for project
investment appraisal including the Planning Certificate
applied to the Peoples Committee of the relevant
province. The information of basic design to be included
encompasses address and description of land plot,
function of land plot, red-line boundary and exit and
connection with the existing transportation and
infrastructure including power, water, storm water
drainage , waste water treatment, overall dimension and
existing level, construction boundary, construction
density, plot ratio, schedule of land use area and
schedule of floor area, maximum floor height and building
height, parking lot ratios, principle of architectural,
structure and infrastructure design, environmental impact
plan, fire protection plan, design standards and building
codes. The project investment appraisal is in accordance
with the Circulation 03/2009/TT-BXD dated 26 March 2009.

58

PROPERTY INVESTMENT

Technical Design and Detailed Design


Developers using foreign design consultancies must
ensure their projects undergo a Design Evaluation
Assessment to the Ministry of Construction or the
Chairman of the Peoples Committee of relevant
province who will delegate to the Ministry of
Construction or provincial Construction Department.
The Technical Design and Detailed Design must be in
line with the previous approved basic design including
the compliance of design standards and building
codes, the integrity of project, the well protection of
environment and the safety in the event of fire
circumstances. The appraisal and approval of
technical and detailed design are in accordance with
the Decree 15/2013/NDCP dated 6 February 2013
and Circulation 13/2013/TT-BXD dated 15 August
2013.
Construction Permit
Under the Law on Construction investors must first
obtain a construction permit issued by the Provincial
Peoples Committee Construction Department prior to
construction can commence.
The investor of residential development projects shall
submit an application dossier of all the mentioned
inclusion plus the certificate of EIA (Environment
Impact Assessment) and Fire Protection, which are
issued by the Provincial Department of National
Resources and Environment and Provincial Fire
Police Department respectively. An application
dossier shall contain design implementation drawings
and land-use right certificates and land rental
contracts. The basic inclusions are mandatory and
they are location and description of works, storey
height and height above sea-level, site boundary
demarcation, overall site plan, major cross sections,
main elevations, structural framing plans and
foundation designs, environmental and safety technical

PROPERTY INVESTMENT

59

PROPERTY INVESTMENT
BUILDING CONTROL AND PROCEDURES (contd)
details, principle of materials, schematic line diagrams
of
infrastructure
connection
of
power,
telecommunication, water supply, storm and waste
water drainage system, and quantities for key
components. Construction Permit applications will be
checked against various compliances in respect of
boundaries and interference with neighboring
properties and approved planning (site coverage, plot
ratio and car-parking). The issuing body should
provide timely notice to the investor of any
non-compliance for their remedy and resubmission to
allow the implementation stage to commence. The
content of application, procedures of construction
permit are in accordance with the Decree 64/2012/
NDCP dated 4 September 2012 and Circulation
10/2012/TT-BXD dated 20 December 2012.

LANGDON & SEAH VIETNAM CO., LTD

Site Clearance

60

A plan for site clearance and/or resettlement shall be


submitted at the same time as the application for the
investment license and resettlement carried out prior
to site clearance taking place for construction. The
time limit for site clearance should comply with the
project implementation schedule. Resettlement is
based on the principle of providing similar or better
conditions and governmental regulations on
principles, methods and a price framework shall be
adopted by the Peoples Committee for determination
of compensation levels. This is a matter for great
uncertainty and foreign investors are advised to seek
vacant possession prior to transfer of land use right to
the joint venture.
Supervision of Construction
Independent Supervision of construction works by a
competent and registered firm is a mandatory
requirement. The supervisory role encompasses
quality control and compliance checking, schedule
control, quantification control, safety and environmental

PROPERTY INVESTMENT

hygiene control during construction. The safety and


environment control are conducted regularly and
continuously during the implementation phase. The
Supervisor is also responsible for arranging
independent inspections witnessing of testing and
commissioning data and assistance in compilation of
the dossier for putting the building into operation and
receipt of the Occupation Permit.
Commencement of Construction
Construction of works may only commence after
satisfying the following conditions: the site area being
ready to be handed over, either in whole or in section
and free of encumbrances; a construction permit;
approved design drawings for execution of building; a
construction contract; sufficient capital funds to
ensure the building schedule in accordance with the
approved building schedule in the investment license;
measures to ensure safety and minimum
environmental impact during the construction
process. Construction All Risks and Third Party
Liability Insurances as well as all required insurances
in accordance with conditions of contract are
recommended to be effected prior to commencement
of any physical construction works on Site.

PROPERTY INVESTMENT

61

PROPERTY INVESTMENT
PROJECT CLOSED OUT PROCEDURES
Before an investor can receive rental income and
occupy the premises for its intended use, the receipt
of approval must be received by the provincial
Construction Department or the Ministry of
Construction depending on the category and size of
the project.

LANGDON & SEAH VIETNAM CO., LTD

The Construction Department will receive a dossier


complete with independent testing and commissioning
data (prepared by an independent party not the
original designer) for piling, structure, electricity and
earthing, environmental impact with regard to water
and waste disposal, final checking and approval of fire
protection requirement. The dossier needs to have
Minutes to put the Building into Operation signed by
the Investor, Testing Body, Contractor and Designer
including the Project or Construction Manager if
appointed. The project close out procedure is in
accordance with Decree 46/2015 NDCP dated 12
May 2015.

62

PROPERTY INVESTMENT

TYPICAL SUBMISSION FLOWCHART


PROGRESS OF IMPLEMENTATION FOR CONSTRUCTION
INVESTMENT PROCEDURES FOR REAL ESTATE PROJECTS LEVEL 1,
SPECIAL LEVEL GROUP A

The Employer
[upon completion of the Basic Design]
The Employer can simultaneously perform Step 1,1', 1'', 1'''

(1)
Request for written
comments on the fire
protection measures
(Fire Department
10 days)

(1)
Report on assessment
of environmental impact
(Provincial People's
Committee - 75 days)

Collect the approval on


the Basic Design
(Ministry of Construction
20 days)

Approval on
Fire Protection
(Fire Department
15 days)

Review on
Technical Design
(Ministry of Construction
40 days)

Construction Permit
(Department of
Construction 20 days)

(1)
Request for written approval
on height of the building
( (Department of Combat Department of Defense
- 15 days)

(1)
Agreement on technical
infrastructure connections includes:
(no required time by law so the
Employer shall make their own
arrangements)

Agreement on location of
water supply connection
(Water Supply Company)

Agreement on
Power Supply
(Electricity Company)

Agreement on Drainage
System connection
(Department of Transportation
/Management Company)

Agreement on
communications
infrastructure connection
(Department of
Information Center/
Management Company)

Note:
1. "Date" as above mentioned is considered as working days from the date of receipt
of sufficient and valid documents.
2. The Employer can implement procedures for collecting of the agreements on
technical infrastructure connections after receipt of approval on the basic design.
However, if after the basic design approved by the Ministry of Construction that the
technical infrastructure management agency does not agree with the Employers plan,
then the Employer must change the plan for technical infrastructure connections,
leading to change in the basic design and to request the Ministry of Construction to
approve again on the basis design dossier. Therefore, the Ministry of Construction
recommends that the Employer should have in advance the written agreement on the
provision of electricity, water and drainage connections, transportation system
connection for the project, infrastructure communication connection before submitting
documents to the Ministry of Construction for approval on the basic design.

PROPERTY INVESTMENT

63

PROPERTY INVESTMENT
KEY PLANNING PARAMETER
MAXIMUM SITE COVERAGE
Maximum site coverage of linked houses and villa houses
Land plot area
(m2/house)
coverage (%)

75
100 90

100 200 300 500


80

60

50

40

Maximum site coverage of condominium buildings


Building height Maximum site coverage (%) according
to land plot area
measured from
10,000
18,000
35,000
ground level (m)
m2
m2
m2
m2

19

65

63

60

60

58

55

22

52

53

51

48

28

50

48

45

31

48

46

43

34

46

44

41

44

42

39

40

43

41

38

43

42

40

46

41

39

36

>46

40

38

35

LANGDON & SEAH VIETNAM CO., LTD

55

25

The maximum site coverage of urban public building such as


educational, healthcare, cultural buildings, sport centres and
market in the new urban development area is 40%.

64

PROPERTY INVESTMENT

lot must be complied with the current regulation.

Building height
measured from
ground level (m)

Maximum site coverage (%) according


to land plot area
3,000
10,000
18,000
m2
m2
m2
m2
80

68

65
60

19

80

65

63

22

80

62

60

25

80

58

56

53

28

80

55

53

50

31

80

53

51

48

34

80

51

49

46

80

49

40

80

48

43

80

46

80

46

>46

80

45

44
46

43

45

42

44

41

43

40

For those built on a land plot of area <3.000m2, the site coverage

with the current regulation.


MINIMUM LANDSCAPING RATIO FOR CONSTRUCTION
LAND LOTS
Type of building

Minimum of ratio for


landscape (%)
20

house, villa)
20
30
30
30
3. Factory
20
20

PROPERTY INVESTMENT

65

PROPERTY INVESTMENT
KEY PLANNING PARAMETER (contd)
MINIMUM OF CAR PARKING LOT
Type of building

Minimum car parking lot


4 bedrooms / 1 lot

standard upward
100m2

Super market, shopping


mall, conference centre,
exhibition, show room
and display center

100m2

1 apartment / 1.5 lot


condominium
MINIMUM OF PARKING SPACE
Type of vehicle

Minimum area of
parking space

Car parking space

25 m2
3 m2

LANGDON & SEAH VIETNAM CO., LTD

0.9 m2

66

40 m2
30 m2

Truck parking space

For the hotel grade of below three-star, public administration office and public service buildings, the
numbers of parking lot must be at least 50% of the
parking lots specified in the table above.
ROAD FOR FIRE PROTECTION
Width of road > 3.5 (m)
Clearance height > 4.25 (m)
Area for making U-turn > 15x5 (m)

PROPERTY INVESTMENT

BUILDING AREAS DEFINITIONS

Gross External Area (GEA)

Includes:

Areas occupied by internal walls and partitions


Columns, piers, chimney breasts, stairwells, liftwells,
and the like
Atria with clear height above, measured at base
level only
Internal balconies

access
Lift rooms, plant rooms, fuel stores, tank rooms which
are housed in a covered structure of a permanent
nature, whether or not above main roof level
main building
Loading bays
Areas with a headroom of less than 1.5m

Conservatories

PROPERTY INVESTMENT

67

PROPERTY INVESTMENT
BUILDING AREAS DEFINITIONS (contd)
Excludes:

Canopies

property
Gross Internal Area (GIA)

Includes:
Areas occupied by internal walls and partitions
other internal projections, vertical ducts, and the like

LANGDON & SEAH VIETNAM CO., LTD

Atria with clear height above, measured at base


level only

68

corridors, smoke lobbies, etc.)


access
Lift rooms, plant rooms, fuel stores, tank rooms
which are housed in a covered structure of a
permanent nature, whether or not above main
roof level

PROPERTY INVESTMENT

Service accommodation such as toilets, toilet


lobbies, bathrooms, showers, changing rooms,
cleaners rooms, and the like

Loading bays
Areas with a headroom of less than 1.5m

Conservatories
Excludes:

Canopies

like in residential property


Gross Floor Area (GFA)

the internal structural face of the enclosing walls.


Includes:
Areas occupied by partitions, columns, chimney
and the like
Lift, plant, tank rooms and the like above main roof
slab

PROPERTY INVESTMENT

69

PROPERTY INVESTMENT
BUILDING AREAS DEFINITIONS (contd)
Note:
Sloping surfaces such as staircases, galleries,
tiered terraces and the like should be measured
Excludes:
of the building which are not enclosed spaces
the like). These should each be shown separately
should be shown separately.
Net Internal Area (NIA)
Net Internal Area is the usable area within a building
measured to the internal face of the perimeter walls

LANGDON & SEAH VIETNAM CO., LTD

Includes:

70

Atria with clear height above, measured at base


level only
Entrance halls
Notional lift lobbies

usable areas
Area occupied by ventilation/heating grills
Area occupied by skirting and perimeter trunking
demountable partitions, whether or not perma
nent, and the like, where the purpose of the divi
sion is partition of use, not support, provided the
area beyond is not used in common

PROPERTY INVESTMENT

Excludes:
Those parts of entrance halls, atria, landings and
balconies used in common
Toilets, toilet lobbies, bathrooms, cleaners rooms,
and the like
Lift rooms, plant rooms, tank rooms (other than
those of a trade processcnature), fuel stores, and
the like
Corridors and other circulation areas where used
in common with other occupiers or of a permanent
essential nature (e.g. fire corridors, smoke lobbies,
etc.)
Areas under the control of service or other external
authorities including meter cupboards and statutory
service supply points
Internal structural walls, walls enclosing excluded
areas, columns, piers, chimney breasts, other
projections, vertical ducts, and the like
The space occupied by permanent and continuous
and ducting in so far as the space it occupies is
rendered substantially unusable
Areas with headroom of less than 1.5m
Areas rendered substantially unusable by virtue
having a dimension between opposite faces of
less than 0.25m
Vehicle parking areas (the number and type of
spaces noted)
Building Footprint

but is generally understood to mean the area of the land


upon which the building sits (excluding all basements),
measured to the outside face of external walls.

PROPERTY INVESTMENT

71

PROPERTY INVESTMENT
PROCUREMENT STRATEGIES
Overview
The primary consideration in the choice of procurement
strategy is the need to obtain overall value for money
during the entire life of the facility and each method has
a different risk profile for the employer and contractor.
In Vietnam the following is currently prevalent.
- high extent
- low extent
- medium to
high extent
Design and Construct
- low extent
Prime Contracting
- low extent
Framework Agreements
- rising extent
Public Private Partnership (PPP) - new and
promoted extent

LANGDON & SEAH VIETNAM CO., LTD

Traditional Lump Sum


Management Contracting
Construction Management

72

Most if not all projects in Vietnam are tendered in


competition and the process is covered by the Law of
Tendering promulgated in 2006 intended primarily for
state projects defined as over 30% total investment
capital by a state entity and for Vietnamese Private firms.
Foreign Investors do not need to follow the Law of
Tendering although it is advisable. The law recognizes
open tendering, limited tendering and competitive
tendering. For state projects tenders are normally sought
using a two-envelope system i.e. technical and financial
the former being opened first to check for compliances.
Most foreign entities short-list tendering contractors by
having a robust pre - qualification procedure for checking financial and technical competencies. Tenders are
usually open for 90 days.
The FIDIC suite of contracts is widely used for Vietnam
construction contracts with the 1999 Red Book being
now widely accepted. There are official translations of
some of the FIDIC forms and the Vietnam Consultant
Association (VECAS) is an official member of FIDIC.
Most Official Development Aid (ODA) projects in
Vietnam adopt FIDIC also.

PROPERTY INVESTMENT

a) Traditional Lump Sum


Most contracts are let in Vietnam on a lump sum basis
using a modified FIDIC Contract which in its
unamended form is a measure and value contract.
This method requires appointment of independent
design consultants by the employer and a sufficiently
developed design preferably frozen prior to tender.
Bills of Quantities are usually provided for information
only to the contractor who normally provide their own
quantities with their tender for comparison purposes
only and only the rates are contract rates with any
errors and omissions not being subject to remeasurement after the lump sum is finalized. Prime costs
sums for nominated subcontracts for mechanical and
electrical and lift sub-contracts are widely used.
b) Construction Management
This form of procurement is often portrayed as
fast-track as tender packages are often let successively throughout the design process with no need to
wait until detail design is complete. A construction
management consultant is engaged normally for a
fixed percentage fee to procure and manage the
individual trade contracts which are placed by the
employer. This necessitates effective cost management as the total construction budget is not finalized
until the final packages are let. The employer bears
not an insignificant risk in terms of price certainty,
delays, disruption, design and coordination problems.
Clients adopting this approach need to be conversant
with the local environment and have the requisite
in-house skills to deal with issues as they arise.
c) Framework Agreements
Framework agreements referred sometimes as
call-off contracts between investors with a pipe-line
of projects and contractors can result in significant
savings to both parties using any of the procurement
options above. The advantages are time reduced for
tendering and negotiations, improved processes and
knowledge transfer, bulk order costs savings, reduced
confrontation and economies of scale due to continuity of workflow. All these advantages are extremely
important in the Vietnam context because it is of
paramount importance to maintain healthy relationships between employers and contractors as unforeseen events are prevalent during the design and
procurement stages in Vietnam.

PROPERTY INVESTMENT

73

PROPERTY INVESTMENT

LANGDON & SEAH VIETNAM CO., LTD

PROCUREMENT STRATEGIES (contd)

74

d) Public Private Partnership (PPP)


PPP is the generic term for the relationships formed
between the private sector and public bodies often with
the aim of introducing private sector resources and / or
expertise in order to help provide and deliver public
sector assets and services. The term PPP is used to
describe a wide variety of working arrangement from
loose, informal and strategic partnerships to design,
build, finance and operate type services contract and
formal points of joint venture companies. The PPP
mechanisms would help attract commercial capital and
other sources of capital that private investors will seek for
PPP projects. In that way, investment efficiency will be
improved while public debts controlled at safe levels.
Investors of projects will be chosen via competitive
bidding in order to maximize benefits and create equal
opportunities for domestic and foreign investors. On 9
November 2010 the Prime Minister of Vietnam
authorized the issue of detailed regulations covering the
piloting of investment in the form of Public Private
Partnerships (PPPs) in Vietnam. The PPP Regulations
became effective on 15 January 2011 and will continue
to be implemented over the next three to five years. The
Vietnamese Government intends to carry out PPP
programme according to a list of defined projects to
ensure that investors are provided with carefully
prepared projects with a view to creating a real PPP
commercial market in Vietnam. In the coming years the
government will carry out some pilot projects. The PPP
projects in the country will concentrate on core technical
infrastructure that requires much capital, and furthermore, mechanisms to mobilize private investment: (i)
Roads, Road bridges, road tunnels, ferry road stations;
(ii) Railway, railway bridges, railway tunnels; (iii) Airports,
sea ports and river ports; (iv) Clean water supply
systems; water drainage systems; liquid and solid waste
collection and treatment systems; (v) Power plants,
electricity transmission cables; (vi) Hospitals; (vii) Other
infrastructure projects.
The draft decrees of PPP has been official submitted
to Prime Minister since October 2014 and hopefully
been approved soon to create solid legal frame work
to increase the trends of contribution of private fund
into the infrastructure works especially the major
infrastructure works.

PROPERTY INVESTMENT

PROPERTY INVESTMENT

Damage

Desire to transfer complete risk

Single contractual link

Need for design team to report


to sponsor

Contractor input to economic


construction

Technically advanced or highly


complex building

Complexity

Facility to recover cost direct


from construction

Avoid prohibitive cost of change

Variations

Avoidance

Design prestige

Quality

Prime
Contracting

Appropriateness of Contract Strategy


Design
Construction
and
Management
Construct

Management
Contracting

Traditional

Early Completion

Timing

PPP

Cost

Objectives

Project Criteria

Parameter

Framework
Agreements

Table A - Procurement Strategy

75

76

Construction Management

Management Contracting

Framework Agreements

Traditional

Prime Contracting

Design and Construct

Public Private Partnerships

Contract Strategy

LANGDON & SEAH VIETNAM CO., LTD

3
PROPERTY INVESTMENT

Table B - Risk Allocation

PROPERTY INVESTMENT

CONTRACTOR SELECTION STRATEGIES


There are four tiers of contractor available for tendering

Tier 1

Foreign contractor from Japan, Korea,


Singapore, Hong Kong, Europe, Australia

Tier 2

Tier 3

Tier 4

State contractors

There is a considerable diversity between these tiers

and have much lower human resource costs. This is


inevitably leading to higher tender returns. A rigorous
weighted scoring in line with project objectives eg.
lowest cost objective will have an inevitable impact

(indicative weighting for Vietnam 1


10 highest)
Vietnam experience (if foreign) 8

through 10,

Financial capacity (particularly local) 8


Direct labour strength (local and foreign) 6

PROPERTY INVESTMENT

77

PROPERTY INVESTMENT
CONTRACTOR SELECTION STRATEGIES (contd)

Cognizance of international procedures, codes and

Financial capacity (local)


Local contractors now have access to bank funding

interim payments. Deductions for defective works


so careful diplomacy is often more productive. Claims
for additional costs due to prevailing market conditions
are more common in todays climate but also for
misinterpretation of contract obligations making the

Plant and Equipment Inventory (local)

LANGDON & SEAH VIETNAM CO., LTD

State firms tend to share or pool plant and equipment


for example tower-cranes and piling rigs. It is often
impossible to determine the true owner of plant and
equipment on-site in the event of premature demobilization.

size, capacity and suitable state of repair as contractors

78

PROPERTY INVESTMENT

Direct labour strength (local)

unskilled and untrained workers from remote provinces,


who often are not legally resident at their working
destination.
Contractors should be asked to prove their direct labour
arrangements. The tier 1 contractors will not have
2 contractors often import workers from their home
country for the project duration and shall be responsible
for all associated costs and taxes.
Labour is not usually permitted to reside on site.
Contractors shall provide details of training curriculums
for each trade discipline when tendering as well as
health and safety programmes.
Proposed sub-contracting arrangements (local)

to check the percentage of work subcontracted out

contractors largely act as management function


providing only project engineers, site supervisors,
and local contractors rarely directly employ foremen,
These arrangements are perfectly normal and accepted
but it is preferable to know in advance the exact
ar
interests with other projects and to understand fully the
amount of control the appointed contractor has on the
works he is engaged to undertake.
Planning and programming capability (local)

PROPERTY INVESTMENT

79

PROPERTY INVESTMENT
CONTRACTOR SELECTION STRATEGIES (contd)
resourced planning is rarely used. The approach
adopted is often rule of thumb whereby planners
determine critical activity durations using their
knowledge of other projects. Floor/structure cycle
times are often inconsistent and the lack of recording
and reutilization of historical data means the planning
process can be crude at best. Time or delay is a
perennial problem in Vietnam sometimes due to
employer delays such as site clearance or permit issues
or neutral delays such as weather but contractor
culpable delays should not be of any surprise. The use
of critical path analysis, planned impacted analysis,
window analysis and collapsed asbuilt are not widely
known in Vietnam. This means time recovery analysis
and the implementation of acceleration measures are
not readily adopted and time for completion can
become unpredictable. The input of experienced
delays and formulating time recovery plans.

LANGDON & SEAH VIETNAM CO., LTD

International experience (local)

80

from the source country. It is essential to determine the


degree of exposure local contractors have had to
international standards, procedures and indeed
expectations. The Vietnamese Codes and Standards
whilst detailed need to be used concurrently with
international standards such as American, Australian,

international standard project. There is no uniform and

bespoke set of standards depending on the investor


and his consultant source country. The appointed design
team will naturally look to use their familiar off the

PROPERTY INVESTMENT

be asked to list the standards they have successfully


built for the key trades and building elements. There
is a move to produce a set of consolidated Vietnamese
standards but this is some way off and the hybrid
approach will continue for some time to come.

mandatory Vietnam building code or standard. Design

to obtain local approvals. The contractors should also


be asked to list investments such as system formwork
and their use of recent technology and list previous
employers and consultants whom they have worked
with.

PROPERTY INVESTMENT

81

PROPERTY INVESTMENT
PROPERTY OVERVIEW
Vietnam ended year 2015 with GDP growth rate of
6.68%, surpassed the consensus level of 6.2% set at
the beginning of the year. The structure of Vietnams
GDP is gradually shifting towards industrials,
construction and services while contributions from
agriculture, forestry and fishery are getting smaller.
Since 2012, Vietnam has experienced trade surplus
for the first time with impressive average annual export
growth of 22% with respect to the average annual
import growth of 16% during the period of 2010-2014.

LANGDON & SEAH VIETNAM CO., LTD

Total FDI for 2015, both newly registered and capital


increased, was USD 22.76 billion (12.5% increase
y-o-y), in which manufacturing/production took the
lead with 66.9%, while real estate ranks third with
10.5% of the total FDI. In addition, the official
formation of ASEAN Economic Community on
January 1st, 2016 will most likely help further foreign
investment attractions and improve Vietnams
competitiveness in both global and regional markets.

82

Vietnams average CPI grew by 0.63% this year. This


was the lowest growth since 2001; significantly below
the annual average rate of 5%. Such low level of
inflation rate boosted the domestic consumption and
investment growth in 2015. Similarly, low mortgage rate
also supported activities in the real estate market.
Mortgage lending, accounted for 8% of total bank
lending, was considered quite healthy compared to the
19% rate in 2009. The amount of home loan is expected
to grow by 15-20 percentage points within 2016.
Although interest rate in Vietnam has slightly
increased after the Feds interest hike last December,
Vietnams interest rate will not expect any drastic
changes in 2016, since most of the effect has already
been factored into its current value. This is a good
news for real estate investors since investing in the
real estate industry has been proved to yield better
return than other types of investments such as USD
currency, gold, oil, or government bonds.
Last but not least, in December 2015, the State
Bank of Vietnam announced its plans to establish a
market-based mechanism that will adjust the Dong

PROPERTY INVESTMENT

currency accordingly to macroeconomics changes,


specifically the aggregate demand-supply model as
well as the eight influential foreign currencies in
Vietnam. Thus, one should keep a close eye on the
Dong in 2016.
RESIDENTIAL FOR SALE
2015 marked a firm recovery in the residential market
with strong launches, positive sales volume and
improved prices, particularly in mid- to high-end
properties. HCMC witnessed 41,907 units launched
from 78 projects, mostly in the East (47%) and the
South (27%), an increase of 122% y-o-y. This was the
highest number of launches in a single year, due to the
introduction of the largest-ever project in the city
Vinhomes Central Park in Binh Thanh District with
over 7,500 units launched to date, and the second
largest Masteri Thao Dien in District 2 with over
3,700 units.
In Hanoi, although Q4 recorded a lower number of
units launched compared to Q3, a total of 28,283 units
were launched during 2015, up 70% y-o-y. High-end
apartments accounted for 28% in the total new launch
units, compared to the peak 21% in 2011 for new
launches. By location, new supply from the West and
South West accounted for 46%, lower than the past
years when these areas used to account for over 50%
of the total new launch.
Overall, market sentiment remained encouragingly
positive throughout the year. 2015 ended with a record
high sales volume an estimated 36,160 sold units in
HCMC (up by 98% y-o-y), and 21,102 estimated sold
units in Hanoi (up by 90%). Taking advantage of the
markets strong sales momentum, developers across
all segments continuously increased their selling price,
even weekly in some cases. New projects under
construction observed sharper price increases than
previously completed projects, emphasizing that
buyers prefer new products although the move-in
dates are not until two or three years later. The HCMC
average primary price hovered at US$2,012 psm in
2015, with an uptick of 4.4% y-o-y and 2.5% q-o-q.
High-end properties reported the largest surge at 8.3%

PROPERTY INVESTMENT

83

PROPERTY INVESTMENT
PROPERTY OVERVIEW (contd)

LANGDON & SEAH VIETNAM CO., LTD

y-o-y, averaging at US$2,025 psm, mostly contributed


by those located in the hot spots. In Hanoi, the overall
launching price at new projects increased from 3%-5%
y-o-y. On the secondary front, overall market recorded
an average increase in prices of 0.3% q-o-q and 1.1%
y-o-y. Resale price throughout the year had been quite
stable and did not see abrupt change as supply rises.

84

Despite high prices, projects were still quickly


absorbed. After seven years of stagnancy, the market
has finally gained full confidence to reintroduce
premium high-end and luxury developments.
However, developers should not forget the premium
affordable and mid-end sectors, where the real
demand lies. 2016 will be another promising year for
the Vietnam residential market with the new stimulus
package for mid-end purchasers from the Government
and the strengthening of familiar local rivals such as
Dat Xanh Group, Nam Long Group, Khang Dien
Group. As the market is developing towards a more
open and internationalised environment, while overall
pricing is still attractive as compared to other matured
markets, more foreign buyers will look into Vietnam
market as more guiding laws are issued to foster
investment activity. However, both homebuyers and
developers need to prepare for a market with
overwhelming number of supply at higher price and
evolving regulations, which might impact the
absorption and purchase pattern eventually.
RETAIL
The HCMC retail market welcomed three shopping
centres in the last quarter of 2015: Pearl Plaza in Binh
Thanh District, Vincom Megamall in District 2 and
Emart in Go Vap District, adding more than 105,000
sm of GFA to the total supply in HCMC. In Hanoi,
Vincom Nguyen Chi Thanh and Aeon mall Long Bien
finally launched their official opening, adding to the
market a total of 152,500 sm GFA (106,500 sm NLA).
F&B and mid-range fashion continued to be the attraction
points enticing consumers to go to shopping malls in

PROPERTY INVESTMENT

HCMC, especially in the non-CBD areas. Taking this


trend into consideration, McDonalds opened its first
store in District 2 at Vincom Megamall and Starbucks
expanded one more store at Emart in Go Vap District.
Most of the enquiries in this sector tended to be fast
casual, rather than fine ding. In Hanoi, all-in-one
malls such as Aeon Long Bien and Vincom Nguyen
Chi Thanh that include a variety of activities ranging
from shopping, entertainment to F&B continue to be
customers favorite. Another notable trend for this year
is affordability. The emergence of new bazaars
outlets, and low price supermarkets are all reinforcing
the trend that consumers demand better value for
money.
For HCMC, rental rate was quite stable and
experienced almost no change in Q4 2015, both in
CBD and non-CBD areas, and across all segments
including shopping centres, department stores,
bazaars and retail podiums. Full occupancy of the
three new shopping centres helped decrease the
market vacancy rate to 7.96%, compared to 9.82% in
Q3 2015. The average vacancy of Hanois retail
market also decreased from 15.2% in Q3 2015 to
10.7% in Q4 2015. In terms of rents, there was no
significant change in the CBD area, while the
non-CBD witnessed a slight increase of 3.7% q-o-q as
Vincom Nguyen Chi Thanh offered rentals that were
higher than the average market rate.
District 1 welcomed a new form of retail on Nguyen
Hue Street with the opening of Saigon Garden. Despite
limited land area, Saigon Garden offered customers,
mostly youngsters and foreigners, a brand-new
experience with lots of open and green areas inside
the buildings. Customers could find bars, shopping
stores, restaurants, exhibitions all under one roof,
which was quite interesting amid the busy, crowded
CBD atmosphere.
Looking forward to 2016, HCMC market is expecting
15 more stores from AuchanSuper, a French retailer.
This entrance can improve the presence of foreign
supermarket brands in HCMC, which is not quite
strong at the moment. As of 2015, Big C was the only
foreign retailer which was ranked among the top five retailers

PROPERTY INVESTMENT

85

PROPERTY INVESTMENT
PROPERTY OVERVIEW (contd)
in Vietnam, with the remaining being local players,
such as Saigon Co.op, Mobile World, Nguyen Kim
Trading, and Saigon Jewelry. As for Hanoi, new
shopping centers are becoming affordable and
starting to target middle-class consumers. Therefore,
rentals might not be as high as those in the past.
Vingroup will continue to be the leading player of the
retail market with several upcoming projects, yet all
outside of the CBD. Other projects developed by
foreign players, including Gamuda and Ciputra, may
offer rentals at market average rate or lower due to
their non-prime locations.

LANGDON & SEAH VIETNAM CO., LTD

OFFICE

86

In Q4 2015, the opening of Pearl Plaza added 30,000


sm NLA to the HCMC Grade B office stock. Large floor
plate, high-quality office and flexible leasing terms are
the key strengths that led to high occupancy rate at
this development. 80% of this building was already
occupied by its opening date. The HCMC office market
also witnessed high improvement in Grade A
segments, with rents increased by 1.5% q-o-q thanks
to the limited supply and positive outlook of the
economy. Grade B rents did not climb up much since
owners decided to maintain their price in order to stay
competitive and attract tenants. Such trend was the
same in Hanoi. By the end of Q4 2015, average asking
rent of Grade A increased by 1.1% q-o-q, while that of
Grade B went down by 0.7%.There was no new supply
recorded, and thus market rates were able to stay
stable this year. By location, CBD and Midtown asking
rents went up by 0.4% and 1.5%, respectively.
Meanwhile, the rent in the West decreased by 1.0%.
Compared to the previous quarter, Grade A vacancy
rate decreased by 1.3%, as landlords at new
developments tried to fill up their buildings before the
year end. Such active leasing activities, coupled with
large floor plate offered from two main commercial
buildings Vincom Center and Vietcombank Tower,
resulted in a net absorption of 3,864 sm NLA for Grade
A. In addition, landlords across matured buildings
reserved their last space for tenants who are reputable
and can afford higher rents. For Grade B buildings, vacancy

PROPERTY INVESTMENT

rate dropped slightly due to good pre-launching


leasing activities at Pearl Plaza. As a consequence,
the net absorption of this segment was reported at
28,570 sm NLA. On the contrary, both Grade A and
Grade B buildings in Hanoi recorded great
improvements. Grade As occupancy rate increased
by 5.5 percentage points q-o-q, reaching 87.8%, and
Grade Bs surged up by 1.2 percentage points q-o-q to
89.1%. Midtown had the best performance towards
the end of 2015, with a 7.98 percentage point growth.
The CBD and the West clusters also witnessed
positive occupancy, with 3.5 and 4.5 percentage
points increases, respectively. Grade A office space
recorded a net absorption of 29,345 sm while Grade B
recorded 28,240 sm.
Based on CBREs enquiries, the top five most active
sectors in 2015 in Vietnam are IT/electronics,
manufacturing, finance/banking, consulting and
logistics. Most of renewal and expansion enquiries
came from tenants in the CBD area. Meanwhile,
relocation enquiries mainly derived from companies in
the non-CBD areas.
Regarding the future supply in HCMC, Saigon M&C
Tower plans to restart its construction and aims to
open within 2016. This tower is considered to have top
quality in the market with large floor plates, which
varies from 1,500 sm to 2,500 sm. The next wave of
high-quality office supply will be in 2017 with an
addition of 70,000 sm GFA.
Meanwhile, for 2016, Hanoi plans to welcome 16 office
building projects with approximately 500,000 sm GFA.
Notably, TNR Tower a Grade A building on Nguyen
Chi Thanh Street will enter the Midtown office cluster.
Another significant source of supply; comprised of one
Grade A and Grade B+ office will soon be in the West.

PROPERTY INVESTMENT

87

VIETNAM BUSINESS
ENVIRONMENT

Language
Accounting System
Banks
Government Administration
Taxation
Insurance
Workforce

VIETNAM BUSINESS ENVIRONMENT


LANGUAGE

borrowed from Chinese and the intonation is similar to


Cantonese. It is spoken by approximately 90% of the
Vietnamese population and ranked as the worlds 15th
most spoken language. English, however, is widely
used in the business community.

ACCOUNTING SYSTEM

LANGDON & SEAH VIETNAM CO., LTD

Accounting records are required to be maintained in


VND. Foreign-invested business entities can select a
foreign currency to be used for their accounting
records and nancial statements provided that they
meet all requirements specied in Circular
244/2009/TT-BTC issued by the Ministry of Finance
(MoF). Accounting records are required in Vietnamese language, but this can be combined with a
commonly-used foreign language. At the end of a
nancial year, the entity must perform a physical
count of iWV[ed assets, cash and inventory.

90

Companies operating in Vietnam are required to


comply with the Vietnam Accounting System (VAS).
It is possible to diverge from the standard VAS, but
this is subject to speciF approval from the MoF. The
tax authorities treat VAS non compliance as a basis
for tax reassessment and imposition of penalties,
including withdrawal of CIT incentives, disallowance
of expense deductions for CIT purposes and
disallowance of input VAT credits/refunds.
The annual nancial statements of all foreign-invested business entities must be audited by an independent auditing company operating in Vietnam. Audited
annual nancial statements must be completed
within 90 days from the end of the nancial year.
These nancial statements should be led with the
applicable licensing body, MoF, local tax authority,
Department of Statistics, and other local authorities if
required by law.

VIETNAM BUSINESS ENVIRONMENT

BANKS
Banking industry of Vietnam is considered as young
in terms of integration to worldwide, until in 1990, it
was only restructured to separate the State Bank of
Vietnam from commercial banks. The State Bank of
Vietnam acts as a central bank and a supervisory
institution and is also a main share holder in
state-owned commercial banks (SOCB). Later,
more forms of commercial banks are established
especially after 2006 when Vietnam joined WTO.
With less than 5% of the population regularly using
banking service, and 10%-20% holding bank
accounts, it has provided good opportunities for
growth, however, competition in banking sector is
considered as very harsh. Besides Vietcombank,
Vietinbank, Agriculture Bank, BIDV as top of SOCB,
top joint stock banks can be named as ACB,
Sacombank, Techcombank, Indovina Bank as top of
joint venture bank. Nowadays, in the banking
sector, we can see a variety range of plenty
commercial banks including 4 biggest SOCB,
around 40 joint stock banks, and 40 foreign invested banks or branches of foreign banks, representative offices, 4 joint-venture banks in playground.
Although all the big names of foreign banks such as
Citibank, HSBC, Standard Chartered Bank, ANZ are
all presence in Vietnam, the banking system is still
characterized by the strong dominance of market
share by SOCB.
Official currency in Vietnam is VND, however, laws
allow local and foreign entities and individuals to
hold foreign currency at bank accounts as
deposit/savings and funds received/transferred from
foreign countries in freely. Nevertheless, domestic
payment, usage or cross border outward transfer of
foreign currency is prohibited or limited to certain
kinds of transactions and it requires supporting
documents.

VIETNAM BUSINESS ENVIRONMENT

91

VIETNAM BUSINESS ENVIRONMENT

LANGDON & SEAH VIETNAM CO., LTD

BANKS (contd)

92

Banks can provide customers with all kinds of


services, however, it is more characterized by
commercial banking market rather than having a clear
division on investment banking and commercial
banking. Commercial banking services are such as
deposits, loans, trade finance, bank guarantees
Deposit can be made in both VND or foreign currencies and deposit is including current account, saving
accounts and fixed deposit from 1 month to 24
months. Interest rate for VND is always higher than
foreign currencies (currently average VND interest
rate is 5%-7%p.a. compared to USD interest rate at
0.75%p.a). Loan services comprises of short term
loan (under 1 year), medium term loan (from 1 to 5
years) and long term loan (over 5 years). Loans in
foreign currencies (popular USD) are restricted to
companies who have the proceeds in foreign currency. Getting loans in USD is also always cheaper than
loans in VND especially for those who having source
of fund from their export. Banks always offer a credit
line to their customers to finance all their need in short
term working capital or long time investment in
machineries or factories. Credit line may be used for
loan disbursement, trade finance or bank guarantee
service. Trade finance can be listed as L/C service
(sight or usance L/C), bills for collection D/P or D/A,
L/C negotiation, shipping guarantee, factoring. The
most popular trade finance service in Vietnam is L/C,
D/P and D/A, while factoring service is rarely used.
Bank guarantee services are comprised of many
types, some commonly used in the economy are such
as bid bond, performance bond, warranty guarantee,
payment guarantee or advance payment guarantee
Fee for issuance of bank guarantee is 2% p.a. of the
guarantee value plus a small amount charge on
documentation. Customers can request banks to
issue for them a bank guarantee by deposit fund to
bank or from a credit line offered by bank.

VIETNAM BUSINESS ENVIRONMENT

GOVERNMENT ADMINISTRATION
The National Assembly is the highest representative
organ of the people and the highest organ of the state

elections. Sittings of the National Assembly are held


twice a year and have full constitutional and legislative
powers. The standing committee of the National Assembly
is responsible for enforcement of laws. Its functions

by the National Assembly from among its members to

from the representatives. The National Defense and


Security Council has the duty to mobilize all forces and

Assembly and shall report to the National Assembly,


the National Assembly standing committees and the

Assembly and has the term of 5 years. The Deputy

take on the State management of allotted branches

criminal court, civilian court, the court of appeal and


the assistant apparatus.

VIETNAM BUSINESS ENVIRONMENT

93

VIETNAM BUSINESS ENVIRONMENT


TAXATION
TAXATION IN THE REAL ESTATE INDUSTRY
I. Corporate Income Tax (CIT)
Organizations established in Vietnam deriving income
from transferring or leasing property are subject to
Corporate Income Tax (CIT) at the standard tax rate of
20% from 1 January 2016.
A CIT rate of 10% shall be applicable to income from
selling, leasing and financial leasing of social housing.
Aside from this, real estate developers generally are not
given preferential tax rates, tax holidays or other tax
reductions except for special cases such as projects
located in poor social-economic regions or projects for
construction of residential houses for the poor or workers.

LANGDON & SEAH VIETNAM CO., LTD

For advanced payment for properties under


development, real estate developers are required to pay
provisional CIT, either at 20% on provisional income if
the corresponding expenses can be determined and
matched with the revenue or 1% on advanced payments
if not. However, no revenue recognition is allowed for the
advance payment.

94

Where the enterprise sub-leases out a property, if the


lessee pays a lump sum for a number of years and
certain conditions are met then the lessor is able to
recognise revenue by one of two methods: (i) on
allocated on a year-by-year basis or (ii) a lump-sum
basis.
Losses incurred in a given year can be consecutively
carried forward for 5 years. With effect from 1 January
2014, losses from real estate transfer activities can be
offset against the taxable income of other business
activities of the relevant tax year. However, the gain
from transfer of real estate is still required to be
recorded and taxed separately without offsetting with
loss from other activities.
Land use rights (LURs) with indefinite terms may not
be depreciated for tax purposes. However, LURs with a
definite term used for production or business activities,
can be amortized over the prescribed land use duration.

VIETNAM BUSINESS ENVIRONMENT

Any gains from the revaluation of a LUR for capital


contribution purposes shall be determined as follows:
(i) For capital contribution for residential housing for sale:
the whole gain is recognized as other income at once in
the current tax period.
(ii) For capital contribution for production or business
activities, if the company receiving LUR is allowed to
depreciate such LUR, the whole gain is recognized as
other income at once in the current tax period.
Otherwise, the gains may be allocated to other income
over the period up to ten years.
II. Value Added Tax (VAT)
The transfer of a LUR without any related infrastructure
is not subject to VAT. Conversely, the transfer of LUR
with an infrastructure and building component is
generally subject to VAT at 10%. However, the land
value can be excluded from the revenue subject to VAT.
The determination of deductible land price for VAT
purpose varies depending on how the land was acquired
for the project.
Input VAT incurred for construction costs can generally
be claimed as an input VAT credit. Output VAT will also
be applied to the payment collection on schedule and
the deductible land value for VAT purpose is also
allocated accordingly.
The VAT rate of 5% applicable to contracts of
selling/leasing/financial leasing for social housing, which
satisfy the stipulated conditions.
III. Stamp Duty
Stamp duty is payable at the transfer of title of real estate
property by the buyer. Some specific transfers may be
exempted from the stamp duty. Stamp duty is imposed
at 0.5% on the value of the property up to VND 500
million (approx. USD 25,000) per asset per transaction.
IV. Foreign Contractor Tax (FCT)
Foreign companies with or without its permanent

VIETNAM BUSINESS ENVIRONMENT

95

VIETNAM BUSINESS ENVIRONMENT


TAXATION (contd)
establishment (PE) in Vietnam carrying out its
business activities in Vietnam, and/or deriving income in
Vietnam under a contract or agreement signed with a
Vietnamese organisation or individual, would be referred
to as a foreign contractor (FC), and subject to
Vietnamese FCT.
VAT and CIT are the two components of the FCT. There
are three tax filing and payment options: (i) Full
registration method with maintenance of books and
accounts in Vietnam under Vietnam Accounting System;
(ii) Deemed Withholding method and (iii) the Hybrid
method, which consists of paying VAT on the
conventional deduction method like a Vietnamese
company but paying CIT on a Deemed Withholding
method basis.

LANGDON & SEAH VIETNAM CO., LTD

The Deemed Withholding method is the most common


one in practice by which the contracting Vietnamese
party is responsible for registering, withholding, filing and
paying the FCT due from each payment made to the FC.
The applicable rates vary depending on the nature of
goods and services provided. For projects having a
substantial portion of local purchases, the Hybrid
method is often applied so that the FCs can claim credit
on the input VAT incurred on local purchases but can still
pay the CIT on a deemed basis.

96

V. Personal Income Tax (PIT)


Generally, real estate (other than a property used as a
sole residential property and some other specific exempt
transactions) transferred by an individual is subject to
PIT. Property transactions subject to PIT include the
transfer of the right to buy, and the transfer of the right
to lease.
PIT exemption for transfer of sole residential property is
not applicable for (i) transfer within 182 days from the
date of having the right of ownership/LUR; and (ii)
transfer
of
house/apartment/construction
work
completed in the future.
Typically, a Vietnam tax resident has to pay PIT for the
property transactions at 2% on the transfer price.

VIETNAM BUSINESS ENVIRONMENT

No PIT declaration and payment are required in case


individuals/households having property for lease earning
annual rental of VND 100 million or less (approx. USD
4,800 per year).
VI. Non-agricultural land-use tax
Non-agricultural land-use tax (NALUT) is generally
applicable to the following types of land: Non-agricultural
land used for residential, production or business
purposes.
The calculation of the tax liability is generally based on
the land area, price of land (normally set by the
provincial-level People Committee and remains
unchanged within 5 years from 1 January 2012) and tax
rate. For residential land holding a multi-floor building or
non-agricultural land holding a production or business
establishment, the applicable tax rate is 0.03%.
Organisations granted with LUR and existing land users
are required to submit NALUT declaration on a yearly
basis at the tax office of the relevant district no later than
30 January of the following year. However, no further
declaration in subsequent years is required if there is no
change in tax payer or tax liability. If there is any change,
the tax payer is required to submit an amended
declaration within 30 days following the date on which
the change takes effect.
The tax payer may opt to pay the NALUT on one-off
basis a year no later than 31 May each year or twice a
year no later than 31 May and 31 October each year. If
the tax payer requests to pay the NALUT on one-off
basis for many years within a 5-year period, the payment
of tax may not be later than 31 December of the year in
which the request is made.
NALUT exemption and reduction can be granted to
certain types of land including land related to investment
projects in the sectors eligible for special investment
incentives, investment projects in geographical areas
with qualifying socio-economic difficulties and other
specific cases.

VIETNAM BUSINESS ENVIRONMENT

97

VIETNAM BUSINESS ENVIRONMENT


INSURANCE
Overview

LANGDON & SEAH VIETNAM CO., LTD

Most risks that a company would insure anywhere else


in the world can be adequately insured for in Vietnam.
Rates and terms are generally a function of the world
market with due consideration given to local factors
however it should be noted that VAT of 10% applies to
insurance premiums on policies written within
Vietnam. While the overall ability to insure large or
complicated risks entirely within Vietnam is limited, the
Vietnamese insurance industry can nonetheless
insure any size risk through reinsurance arrangements
with international reinsurance organizations. The
leading reinsurers and those who carry more than
10% have to be rated at least BBB by Standards &
Poors or B++ by AM Best or Baa by Moody's or
equivalent.

98

Vietnam passed a comprehensive Insurance Law in


December 2000 which took effect on April 1, 2001.
The Amendment of Insurance Law has been passed
and was effective as at July 1, 2011. The key changes
are focused at keeping up with any WTO
commitments such as: the insurance market is
professional & open, foreign insurers are allowed to
establish a branch in Vietnam or issue an insurance
policy into Vietnam. However, the law gives the power
to the government to release detailed guidance and to
license such transactions. The Decree No.
123/2011/ND-CP was issued on 28 Dec 2011 to
provide guidance on the implementation of the
Amended Insurance Law. In addition, the government
issued Circular No. 124/2012/TT-BTC and Circular
No. 125/2012/TT-BTC on 30 Jul 2012 with effective
from 01 Oct 2012 to guide on the operation and
finance of the insurance market. The Decree No.
98/2013/ND-CP effective from 15 Oct 2013 providing
guidance on penalties for administration offences in
Insurance Business.
Construction All Risks (CAR) insurance, including the
covers for the Contract Work & Third Party Liability, is
popular in Vietnam. Recently, owners of larger
projects have shown interest in considering more
technical coverages such as Advance Loss of Profit

VIETNAM BUSINESS ENVIRONMENT

(ALoP) / Delay in Start-Up (DSU) to protect their


anticipated profit/fixed costs and Completed
Operation/Product Liability insurance for liability of a
particular project.
Since the real estate market was in hibernation stage
over the past years, construction insurance program
did not develop significantly. At the moment, due to
positive enactment of new law and regulation from the
government including Property Law (Amendment) and
Real Estate Commercial Law (Amendment) which
shall have effect from July 1st, 2015. In addition,
mortgage loan for construction and real estates will be
also easy access as instructions of National Banks,
the real estate market has recovered positively and we
are expecting promising developments in construction
insurance also.
In another side, construction insurance premiums tend
to decline in recent years. This comes from fierce
competition between insurance companies and
tightening insurance costs of investors and
contractors. The international insurance companies
are hardly capable to compete on cost with the local
insurance companies. However, the international
insurance companies still have certain advantages in
projects requiring in-depth underwriting skills and the
ability to arrange with international re-insurers.
Construction insurance still tends to be left to the
contractor to arrange rather than the owner which can
give rise to gaps in cover when projects are delayed or
split into smaller packages. There may also be gaps
when the project passes from construction to
operation.
Compulsory Insurances in Vietnam
Compulsory insurances are regulated in insurance
laws & some specialized laws. Below is the
consolidation:
Fire and Explosion - (Article 8 of Law on Insurance
Business)
Motor Vehicle/Aviation carriers to passengers VIETNAM BUSINESS ENVIRONMENT

99

VIETNAM BUSINESS ENVIRONMENT


INSURANCE (contd)
(Article 8 of Law on Insurance Business, Decree
103/2006/ND-CP/ Article 163 of Civil Aviation Law)
Civil Liability Insurance of those who deal in the
transport of passengers or cargo in inland
waterways - (Article 6 &7 of Decree 125/2005/ND-CP
and Article 58 & 126 of Marine Law)

LANGDON & SEAH VIETNAM CO., LTD

Professional Indemnity insurance for:

100

Insurance brokers - (Article 8 of Law on


Insurance Business)
Lawyers - (Article 8 of Law on Insurance
Business & Article 40 of Law on Lawyer)
Contractor to perform survey for construction
works - (Article 51 of Law on Construction)
Contractor to design for construction works (Article 58 of Law on Construction)
Contractor to supervise for execution of building
works - (Article 90 of Law on Construction)
Securities companies - (Article 71 of Law on
Securities)
Fund management companies - (Article 72 of
Law on Securities)
Auditing Companies - (Decree 105/2004/ND-CP
on independent auditor)
Enterprises on price assessment - Article 11 of
Decree 111/2005/ND-CP on Price assessment)
Medical examination and treatment
Insurance for Construction works:
Applicable to investors/developers - (Article 75 of
Law on Construction)
Applicable to contractors - (Article 76 of Law on
Construction)
Applicable to parties who call construction tender
- (Article 104 of Law on Construction)
Professional insurance, civil liability insurance
and environmental damage compensation
liability insurance applicable to organizations and
individuals performing radiation jobs
Civil Liability Insurance and Environmental
Damage Compensation Liability Insurance applicable

VIETNAM BUSINESS ENVIRONMENT

to Organizations and Individuals performing


Radiation Jobs
Travel Insurance for Vietnamese traveling overseas
Technically there is no requirement for worker
compensation insurance. However since there is a
liability regarding employees under the Vietnamese
labour law the purchase of worker compensation
insurance can act as a risk transfer method to protect
against these liabilities.
Market Players
Insurers
There are numerous domestic and foreign companies
licensed to provide non-life insurance, including
insurance for construction sectors in Vietnam.
State-owned:
Vietnam Insurance Corp (Bao Viet), Bao Minh
Insurance Corp (Bao Minh)
Group-controlled:
PetroVietnam Insurance Corporation (PVI), PG
Insurance (PJICO), Post & Telecommunication
Insurance JSC (PTI), Global Insurance Co. (GIC),
Vietnam Aviation Insurance JSC (VNI), SHB
Vinacomin Insurance JSC (SVIC)
Bank-based:
Vietinbank Insurance Co. (VietInsco), BIDV Insurance
Co. (BIC), Agriculture Bank Insurance JSC (ABIC),
Military Bank Insurance Company (MIC)
Joint Stock:
Bao Long Insurance Corporation (Bao Long), Vien
Dong Assurance Corp (VASS), AAA Assurance JSC
(AAA), Phu Hung Assurance (PAC), Hung Vuong
Insurance Corp (BHV), Great Mountant Insurance
JSC (GMIC)
Foreign:
Groupama, QBE, AIG, ACE, Liberty, Fubon, MSIG,
Cathay, SGI Hanoi

VIETNAM BUSINESS ENVIRONMENT

101

VIETNAM BUSINESS ENVIRONMENT


INSURANCE (contd)
Joint Venture:
Bao Viet Tokyo Marine (JV between Baoviet and Tokio
Marine), United Insurance Co. (UIC the JV among
Bao Minh, Sompo & LG), Samsung Vina Insurance
(JV between Samsung and VinaRe)
Reinsurer:
Vietnam National Insurance Corp (VinaRe).
PVI Reinsurance Joint Stock Corporation (PVIRe)
Brokers
As insurance is best arranged through a licensed
insurance broker who can help companies to assess
the underlying risks and then arrange appropriate
insurance on their behalf, there are a number of
licensed insurance brokers.
International:
Jardine Lloyd Thompson (JLT), Aon, Marsh, Grass
Savoye Willis, Toyota Tsusho

LANGDON & SEAH VIETNAM CO., LTD

Local:
Viet Quoc, A Dong, Thai Binh Duong, Sao Viet,
CIMEICO, Nam A

102

VIETNAM BUSINESS ENVIRONMENT

Vietnam Insurance Market Overview


30 Non-life Insurers

Joint-stock
(17)

Joint-venture
(2)

Bao Viet
Bao Minh
Bao Long
PVI
PJICO
PTI
VASS
AAA
GIC
ABIC
MIC
VNI
HVI
BSH
Vietinsco
Xuan Thanh
BIC

UIC
Baoviet Tokyo
Marine

Foreign-owned
(11)
AIG
QBE
Groupama
ACE
Liberty
MSIG
Fubon
PAC
Cathay
Samsung
SGI Hanoi

(Source: Vietnam Insurance Associate Quarter 1 of 2015)

VIETNAM BUSINESS ENVIRONMENT

103

VIETNAM BUSINESS ENVIRONMENT


WORKFORCE
The estimated population of Vietnam in 2016 will be
circa 92.2 million (as the General Office for Population
Family Planning).
3XUVXDQW WR WKH 'HFUHH 1R 1&3 RI WKH
Government dated 14th November 2015 with effect
from 1st Jan 2016, the region-based minimum wage
for employees working for companies, cooperatives,
cooperative groups, farms, households, individuals
and organizations hiring employees under labor
contracts as follows:
VND 3,500,000/month
operating in region I.
VND 3,100,000/month
operating in region II.
VND 2,700,000/month
operating in region III.
VND 2,400,000/month
operating in region IV.

shall be applied to enterprises


shall be applied to enterprises
shall be applied to enterprises
shall be applied to enterprises

LANGDON & SEAH VIETNAM CO., LTD

In accordance with the Law No. 58/2014/QH13 on


Social Insurance (Law). Below are some remarkable
changes of the Law on Social Insurance:

104

Firstly, since January 1, 2016, for employees who pay


social insurance premiums according to the employer-decided salary regime, their monthly salary on
which social insurance premiums are based is their
salary plus salary-based allowance as prescribed in
the labor law.
Secondly, for Social and Health Insurance, the
contribution is capped at 20 times of the common
minimum salary but for Unemployment Insurance, the
contribution is capped at 20 times of the minimum
regional salary (note that the regional minimum salary
is way higher than the common minimum salary as
the basis for previous cap).
Thirdly, regarding the sickness regime, the method to
define the sickness allowance is changed. In detail,
the per-diem sickness allowance must equal the
monthly sickness allowance divided by 24 (working)
days instead of 26 as before.
VIETNAM BUSINESS ENVIRONMENT

Fourthly, on the side of maternity regime, the new Law


provides on some majority changes: (i) Male employees currently paying social insurance premiums
whose wives give birth to children are entitled to a
maternity leave; (ii) the method to define the per-diem
maternity allowance in cases of check-ups, miscarriage, abortion, taking intrauterine devices, taking
sterilization measures is equal to the monthly
sickness allowance divided by 24 (working) days
instead of 26 as before; (iii) The per-diem allowance
for convalescence and health rehabilitation after
sickness must equal 30% of the basic salary.

VIETNAM BUSINESS ENVIRONMENT

105

OTHER INFORMATION

Vietnam Map
Domestic Routes
Relevant Websites
Public Holidays
Prime Rates
IDD Codes and Time Differences
Conversion Factors
Some Interesting Facts
Vietnam Key Data
Arcadis Asia Leadership Team
Arcadis Asia Sectors
Arcadis Asia Services
Directory of offices
Acknowledgement

OTHER INFORMATION

LANGDON & SEAH VIETNAM CO., LTD

VIETNAM MAP

108

(Source: Wikimedia)

OTHER INFORMATION

DOMESTIC ROUTES
DISTANCE

FLIGHT TIME

MILES/KMS OUTBOUND RETURN


HA NOI TO

Da Lat

662/1065

1:40

1:40

Da Lat

133/214

0:50

0:50

Vinh

549/883

1:45

1:45

HO CHI MINH CITY TO

DA NANG TO

(Source: VietnamAirlines)

OTHER INFORMATION

109

OTHER INFORMATION
RELEVANT WEBSITES
Government Office
Ministry of Public Security
Ministry of Home Affairs
Ministry of Justice
Ministry of Planning and Investment
Ministry of Finance
Ministry of Industry and Trade
Ministry of Agriculture and Rural Development
Ministry of Transport
Ministry of Construction
Ministry of Natural Resources and Environment
Ministry of Information and Communication
Ministry of Labor, War Invalid and Social Affairs
Ministry of Culture, Sports and Tourism
Ministry of Science and Technology

LANGDON & SEAH VIETNAM CO., LTD

Ministry of Health Portal

110

Ministry of Education and Training


Ministry of Foreign Affairs
The State Bank of Vietnam
General Statistics Office of Vietnam
Directorate for Standards, Metrology and Quality
Vietnam National Administration of Tourism
Vietnam Customs
Vietnam Register

OTHER INFORMATION

http://www.chinhphu.vn
http://www.mps.gov.vn
http://www.moha.gov.vn
http://www.moj.gov.vn
http://www.mpi.gov.vn
http://www.mof.gov.vn
http://www.moit.gov.vn
http://www.mard.gov.vn
http://www.mt.gov.vn
http://www.moc.gov.vn
http://www.monre.gov.vn
http://mic.gov.vn
http://www.molisa.gov.vn
http://www.cinet.gov.vn
http://www.most.gov.vn
http://www.moh.gov.vn
http://www.moet.gov.vn
http://www.mofa.gov.vn
http://www.sbv.gov.vn
http://www.gso.gov.vn
http://www.tcvn.gov.vn
http://www.vietnamtourism.com
http://www.customs.gov.vn
http://www.vr.org.vn

OTHER INFORMATION

111

OTHER INFORMATION
PUBLIC HOLIDAYS

2016
VIETNAM
Normal Scheduled Holidays

Solar New Year


Lunar New Year
Liberation Day of Saigon
International Labour Day
National Day
Hung Vuong King Celeration

1 Jan
8,9,10,11,12
Feb
30 Apr
1 May
2, 3 May #
2 Sep
16 Apr
18 Apr ##

# Subtitude for 30 Apr & 1 May (Sat & Sun)


## Subtitude for 16 Apr (Sat)

CHINA

LANGDON & SEAH VIETNAM CO., LTD

New Year's Day


Chinese New Year's Eve
Chinese New Year $

112

Tomb-sweeping Day
Labour Day^
Dragon-boat Festival
Mid Autumn Festival @
National Day#

01 Jan
07 Feb
08 Feb
09 Feb
10 Feb
04 Apr
01 May
09 Jun
15 Sep
01 Oct
02 Oct
03 Oct

$ 11 - 13 February 2016 are holidays. 6 and 14 February 2016


are working days.
^ 2 May 2016 are holidays. 4 May 2016 is working day.
*10 - 11 Jun 2016 are holidays. 12 June 2016 is working day.
@ 16 - 17 September 2016 are holidays. 18 September 2016
is working day.
# 4 - 7 October 2016 are holidays. 8 - 9 October 2016
are working days.

OTHER INFORMATION

2016
HONGKONG

The first day of January


Lunar New Year's Day
The 2nd day of Lunar New Year
The 3rd day of Lunar New Year
Good Friday
The day following Good Friday
The day following Ching Ming
Festival
Easter Monday
Ching Ming Festival
Labour Day
The day following Labour Day
Buddha's Birthday
Tuen Ng Festival
HKSAR Establishment Day
The day following Chinese
Mid-Autumn Festival
National Day
Chung Yeung Festival
The day following Chung Yung
Festival
Christmas Day
The 1st week-day after
Christmas Day
The 2nd week-day after
Christmas Day

01 Jan
08 Feb
09 Feb
10 Feb
25 Mar
26 Mar
28 Mar
4 Apr
02 May*
14 May
09 Jun
01 Jul
16 Sep
01 Oct
10 Oct*

26 Dec
27 Dec*

As both the Labour Day and the Chung Yeung Festival in 2016 fall
on a Sunday, the day following them is designated as a general
holiday in substitution; and as Christmas Day in 2016 falls on a
Sunday, the second weekday after Christmas Day is designated as
a general holiday in substitution.

OTHER INFORMATION

113

OTHER INFORMATION
PUBLIC HOLIDAYS (contd)

2016

LANGDON & SEAH VIETNAM CO., LTD

MACAU

114

New Year's Day


Lunar New Year's Eve (Afternoon)
Lunar New Year's Day
The 2nd day of Lunar New Year
The 3rd day of Lunar New Year
The 4th day of Lunar New Year
The 5th day of Lunar New Year
Good Friday
The day before Easter
Ching Ming Festival
The first working day after
the Day before Easter
The second working day after
Ching Ming Festival
Labour Day
The first working day after Labor Day
The Buddha's Birthday
The first working day after Buddha's Birthday
Tung Ng Festival (Dragon Boat Festival)
The first working day after
Tung Ng Festival
Bank's Holiday
The day following Mid-Autumn
Festival
National Day
The day following National Day
The first working day after National Day
The second working day after National Day
Chung Yeung Festival
The first working day after
Chung Yeung Festival
All Soul's Day
Feast of the Immaculate Conception
Macau SAR Establishment Day
The first working day after Macau
SAR Establishment Day
Winter Solstice
Christmas Eve
Christmas Day
The first working day after Christmas Day
The Second working day after Christmas Day
New Year's Eve (Afternoon)

01 Jan#*
08 Feb*#
09 Feb*#
10 Feb*#
25 Mar#
26 Mar
04 Apr*#
28 Mar@#
01 May*
02 May@#
14 May
16 May@
09 Jun#
01 Jul#
16 Sep*#
01 Oct*
02 Oct
03 Oct@#
04 Oct@
09 Oct*
10 Oct@#
02 Nov#
08 Dec#
20 Dec*#
21 Dec
24 Dec
25 Dec
26 Dec@#
27 Dec@#
-

# Bank's Holiday
* Obligatory Holiday
@ Special Holiday Granted by Chief Executive for staff in Public
Administration

OTHER INFORMATION

2016
BRUNEI
New Year's Day
Chinese New Year
National Day
Israk Miraj
Royal Brunei Armed
Forces Anniversary
First Day of Ramadhan *
Anniversary of the
Revelation of the Holy Koran *
Hari Raya Aidilfitri *
Hari Raya Aidilfitri *
Hari Raya Aidilfitri *
HM The Sultan's Birthday**
Hari Raya Aidil Adha*/**
Islamic New Year*/**
Christmas Day

01-Jan
08-Feb
23-Feb
06-May
31-May
06-Jun
22-Jun
07-Jul
09-Jul
11-Jul
15-Jul
11-Sep
02-Oct
25-Dec

* Subject to Change
** Replacement for Fridays / Sundays
Fridays and Sundays are government off days

SINGAPORE
New Year's Day
Chinese New Year
Good Friday
Labour Day
Vesak Day
Hari Raya Puasa
National Day
Hari Raya Haji
Deepavali
Christmas Day

01-Jan
08-Feb
09-Feb
25-Mar
1-May #
21-May
06-Jul
09-Aug
12-Sep
29-Oct
25-Dec #

# The following Monday will be a public holiday.

OTHER INFORMATION

115

OTHER INFORMATION
PUBLIC HOLIDAYS (contd)

2016
PHILIPPINES
A. Regular Holidays
New Year's Day
Maundy Thursday
Good Friday
Araw ng Kagitingan
Labour Day
Independence Day
End of Eid-ul-Fitre
National Heroes' Day
Eid-ul Adha
Bonifacio Day
Christmas Day
Rizal Day

01 Jan
24 Mar
25 Mar
09 Apr
01 May
12 Jun
08 Jul
29 Aug
13 Sep
30 Nov
25 Dec
30 Dec

LANGDON & SEAH VIETNAM CO., LTD

B. Special Holidays
(Non-Working Holidays)

116

Chinese New Year


Black Saturday (Additional)
Ninoy Aquino Day
All Saint's Day
All Souls Day (Additional)
Christmas Eve (Additional)
Last Day of the Year (Additional)

08 Feb
26 Mar
21 Aug
01 Nov
02 Nov
24 Dec
31 Dec

OTHER INFORMATION

2016
MALAYSIA
New Year's Day **
Chinese New Year
Labour Day
Wesak Day
King/Agong's Birthday
Hari Raya Aidilfitri*
National Day
Hari Raya Qurban*
Malaysia Day
Awal Muharam (Maal Hijrah)
Deepavali*
Prophet Muhammad's Birthday
Christmas Day

01-Jan
08-Feb
09-Feb
01-May
21-May
04-Jun
06-Jul
07-Jul
31-Aug
12-Sep
16-Sep
02-Oct#
29-Oct
12-Dec
25-Dec#

* Subject to change
** Except Johor, Kelantan, Kedah, Perlis & Terengganu
# The following Monday will be an additional public holiday

INDONESIA
New Year's Day
Chinese new Year (Imlek)
Hindu Day of Quiet (Nyepi)
Good Friday
International Labour Day
Ascension Day of Jesus Christ
Ascension of Prophet Mohammad
Waicak Day
Idul Fitri*
National Independence Day
Idul Adha Day
Hijriyah New Year
Prophet Muhammad's Birthday
Christmas Day

01-Jan
08-Feb
09-Mar
25-Mar
01-May
05-May
06-May
22-May
06-Jul
07-Jul
17-Aug
12-Sep
02-Oct
12-Dec
25-Dec

* Subject to changes

OTHER INFORMATION

117

OTHER INFORMATION
PUBLIC HOLIDAYS (contd)

2016
THAILAND
New Year's Day
Chinese New Year*
Makha Bucha Day
Chakri Memorial Day
Songkran Festival

LANGDON & SEAH VIETNAM CO., LTD

National Labour Day


Coronation Day
Royal Ploughing Ceremony Day+
Visakha Bucha Day
Mid Year Bank Holiday#
Asarnha Bucha Day
Khao Phansa Day (Buddhist Lent Day)+
H.M. The Queen's Birthday
Chulalongkorn Day
H.M. The King's Birthday
Constitution Day
New Year's Eve

118

1 Jan
8 Feb
22 Feb
6 Apr
13 Apr
14 Apr
15 Apr
2 May1
5 May
25 April
20 May
1 July
19 July
20 July
12 Aug
24 Oct2
5 Dec
12 Dec3
2 Jan 20174

* Unofficial Chinese Community Only


# Banks only
+ Government only
@ Special Holiday Granted by Thai Government
1

- Substitute for 1 May 2016 (Sunday)


- Substitute for 23 October 2016 (Sunday)
- Substitute for 10 December 2016 (Saturday)
4
- Substitute for 31 December 2016 (Saturday)
2
3

OTHER INFORMATION

2016
INDIA
New Year's Day
Republic Day
Good Friday
Ugadi
Ramnavami
Independence Day
Ganesh Chaturthi
Dusshera
Karnataka Formation Day

01-Jan
26-Jan
25-Mar
08-Apr
15-Apr
15-Aug
05-Sep
12-Oct
01-Nov

KOREA
New Year's Day
Lunar New Year (Seol)
Independent Movement Day
Children's Day
Buddha's Birthday
Memorial Day
Liberation Day
Full Moon Day (Chuseok)
National Foundation day
Hangul Proclamation Day
Christmas Day

OTHER INFORMATION

01-Jan
07-Feb
01-Mar
05-May
14-May
06-Jun
15-Aug
14-Sep
03-Oct
09-Oct
25-Dec

119

OTHER INFORMATION
PUBLIC HOLIDAYS (contd)

2016
TAIWAN

LANGDON & SEAH VIETNAM CO., LTD

Founding Day
Lunar New Year's Eve
Lunar New Year's Day
The 2nd day of Lunar New Year
The 3rd day of Lunar New Year
The 4th day of Lunar New Year
The 5th day of Lunar New Year
Peace Memorial Day
Children's Day
Ching Ming Festival
Dragon Boat Festival
Extra vacation day after
Dragon Boat Festival
Mid-Autumn Festival
Extra vacation day after
Mid-Autumn Festival
Double Ten Day

120

01 Jan
07 Feb
08 Feb
09 Feb
10 Feb
11 Feb*
12 Feb#
29 Feb
04 Apr*
05 Apr
09 Jun
10 Jun#
15 Sep
16 Sep#
10 Oct

*When the memorial day or holiday falls on a Saturday or


Sunday, a deferred day off will be granted. If a memorial day or
a holiday falls on a Saturday, the deferred day off is on the
preceding workday; if a memorial day or a holiday falls on a
Sunday, the deferred day off is on the following workday.
However, the deferred days off for Chinese New Years Eve
and Chinese New Year are always on the following workdays.
# The extra vacation days will have to be made up on the
Saturday before the long weekends occur.

OTHER INFORMATION

PRIME RATES (as at 4th Quarter 2015)

RATE (%)
COUNTRY

4Q
2010

4Q
2011

4Q
2012

4Q
2013

4Q
2014

4Q
2015

Brunei

5.50

5.50

5.50

5.50

5.50

5.50

China**

5.60

6.90

6.40

6.15

6.15

4.75

Hong Kong

5.00

5.00

5.00

5.00

5.00

5.00

India

8.50

14.75

9.75

8.75

10.25

9.95

Indonesia

6.50

6.00

5.75

7.50

7.75

7.75

Macau

5.25

5.25

5.25

5.25

5.25

5.25

Malaysia^^^

6.30

6.60

6.60

6.60

6.85

4.65

Philippines

6.54

5.74

5.32

4.66

4.36

4.51

Singapore

5.38

5.38

5.38

5.38

5.35

5.35

South Korea+

2.38

3.25

2.76

2.50

2.00

1.50

Thailand#

6.56

7.71

7.52

7.51

7.28

7.10

United Kingdom

0.50

0.50

0.50

0.50

0.50

0.50

United States of
America

3.25

3.25

3.25

3.25

3.25

3.25

Vietnam##

9.00

9.00

9.00

9.00

9.00

9.00

China**
= 3-year Benchmark Lending Rate
Malaysia^^^ = Indicative Effective Lending Rate
South Korea+ = Call Rate of The Bank of Korea
(Implementation date is Nov 22nd 2012)
Thailand #
= Minimum Loan Rate % per annum
(avg based on local bank)
Vietnam##
= Min and in VND per year

OTHER INFORMATION

121

OTHER INFORMATION
IDD CODES AND TIME DIFFERENCES

LANGDON & SEAH VIETNAM CO., LTD

LOCATION

122

Australia:
Melbourne
Perth
Sydney
Bahrain
Bangladesh (Dhaka)
Bhutan (Thimphu)
Brunei:
Bandar Seri Begawan
Kuala Belait
Cambodia (Phnom Penh)
Canada:
Toronto (Metropolitan)
Vancouver
China:
Beijing
Guangzhou
Hong Kong
Macau
Shanghai
Shenzhen
France (Paris)
India:
Bangalore
Chennai
New Delhi
Mumbai
Indonesia:
Bali
Jakarta
Ireland:
Cork
Dublin
Japan:
Tokyo
Osaka
Kazakhstan (Almaty)
Korea (Seoul)
Korea (Pyongyang)
Laos (Vientiane)

IDD
COUNTRY
CODE

AREA
CODE

TIME
DIFFERENCE
(Hours)*

61
61
61
973
880
975

3
8
2
2
2

+3
0
+3
-5
-2
-2

673
673
855

2
3
23

0
0
-1

1
1

416
604

-13
-16

86
86
852
853
86
86
33

10
20
21
755
1

0
0
0
0
0
0
-7

91
91
91
91

80
44
11
22

-2.5
-2.5
-2.5
-2.5

62
62

36
21

0
-1

353
353

21
1

-8
-8

81
81
7
82
850
856

3
6
327
2
2
21

+1
+1
-2
+1
+1
-1

Source: www.worldtimeserver.com ; www.worldtimezone.com


www.timeanddate.com

OTHER INFORMATION

LOCATION

Malaysia:
Johor Bahru
Kota Kinabalu
Kuala Lumpur
Kuching
Penang
Mongolia (Ulaanbaatar)
Myanmar (Rangoon)
Nepal (Kathmandu)
New Zealand:
Auckland
Wellington
Pakistan (Karachi)
Philippines (Manila)
Qatar
Singapore
Spain:
Barcelona
Girona
South Africa:
Johannesburg
Cape Town
Sri Lanka (Colombo)
Russia (Moscow)
Taiwan (Taipei)
Thailand:
Bangkok
Phuket
United Arab Emirates:
Abu Dhabi
Dubai
United Kingdom:
London
Edinburgh
USA:
Los Angeles
New York
Vietnam:
Ho Chi Minh City
Hanoi
*

IDD
COUNTRY
CODE

AREA
CODE

TIME
DIFFERENCE
(Hours)*

60
60
60
60
60
976
95
977

7
88
3
82
4
11
1
1

0
0
0
0
0
0
-1.5
-2.25

64
64
92
63
974
65

9
4
21
2
-

+5
+5
-3
0
-5
0

34
34

93
972

-7
-7

27
27
94
7
886

11
21
11
495
2

-6
-6
-2.5
-5
0

66
66

2
76

-1
-1

971
971

2
4

-4
-4

44
44

20
131

-8
-8

1
1

213
212

-16
-13

84
84

8
4

-1
-1

As compared to Hong Kong. Allowance should be made for


seasonal time variations. Time differences above as at 1 January.

OTHER INFORMATION

123

OTHER INFORMATION

LANGDON & SEAH VIETNAM CO., LTD

CONVERSION FACTORS

124

OTHER INFORMATION

OTHER INFORMATION

125

OTHER INFORMATION
SOME INTERESTING FACTS
Vietnams history can roughly be divided into the following
periods:
Pre-history: from circa 400,000 years (Palaeolithic to 4,000
years (Neolithic) ago, cultures in the area included Son Vi,
Hoa Binh, Bac Son, Ha Long, and Hoa Loc.
Proto-history: According to legends, Vietnam riginated in
the seventh century BC when the Hung Kings founded Van
Lang. In the third century BC, King An Duong Vuong
named founded Au Lac and ruled until 179 B.C.
Chinese Occupation: Vietnam was occupied by China
from the first to the tenth century A.D.
Monarchy: Kings rules the area from 968 to 1945.
Independence: The Socialist Republic of Vienam was
founded after the 1945 revolution, when President Ho
Chi Minh declared independence.
French War: Vietnam battled French colonialism from
1858 to the August Revolution in 1945, and from 1946
to the victory at Bien Bien Phu in 1954.
American War: Vietnam fought America from 1954 to
Ho Chi Minhs victory on April 30, 1975.
From 1975 until now: Vietnam has been working towards
development and success and has been member of
International Organizations
1976: NonAligned Movement (NAM)

LANGDON & SEAH VIETNAM CO., LTD

1976, Jun: World Intellectual Property Organization


(WIPO)

126

1976, Oct: Member of UNESCO


1977, Sep: Vietnam became the member of The United
Unions (UN)
1995, Jul: Vietnam became the seventh member of
Association of Southeast Asian Nations (ASEAN)
1995, Jul: ASEAN Free Trade Area (AFTA)
1996: The Asia-Europe Meeting (ASEM)
1998, Nov: Asia-Pacific Economic Cooperation (APEC)
2000, Jul: signed the Bilateral Trade Agreement (BTA)
with the United States
2007, Jan: Vietnam became the 150th member of the
World Trade Organization (WTO)
2013, Jul: Vietnam maintains diplomatic relationships with
182 nations throughout the world, including permanent
members of United Nations Security Council
OTHER INFORMATION

2015, May: Free Trade Agreement (FTA), South Korea


and Vietnam sign Free-Trade Agreement
2015, May: The Free Trade Agreement between the
Socialist Republic of Viet Nam and the Eurasian
Economic Union and its Members States, of the other
part (VN-EAEU FTA)
2015, Oct: The Trans-Pacific Partnership (TPP) was
concluded on 5 October 2015 in Atlanta, Georgia, USA.
2015, Nov: ASEAN Economic Community (AEC)
2015, Dec: Free Trade Agreement between EU and
Vietnam (EVFTA)

OTHER INFORMATION

127

OTHER INFORMATION
VIETNAM KEY DATA
Government
Country Name

The Socialist Republic of Vietnam

Head of State

President

Government Type

Socialist Republic

Head of Government

Prime Minister

Capital City

Hanoi

Administrative Divisions :

58 provinces and 5 municipalities

Independence

2nd September 1945

Legal System

Based on Constitution of Vietnam

Official Language

Vietnamese

National Language

Vietnamese

Geography
Geographic Coordinates :

16 10 N, 107 50 E

Location

South East Asia

Border Countries

Cambodia 1,158 km,

Total Area

331,210 sq km

Land Area

310,070 sq km

Water

21,140 sq km

Land use

arable land: 19.64%;

China 1,297 km, Laos 2,161 km

permanent crops: 11.18%;

LANGDON & SEAH VIETNAM CO., LTD

other: 69.18%

128

Irrigated Land

45,850 sq km (2005)

Coastline

3,444 km (excludes islands)

Land boundaries

4,616 km

Natural Resources

phosphates, coal, manganese,


rare earth

elements, bauxite,

chromate, offshore oil and gas


deposits, timber, hydropower
Climate type

tropical in south; monsoonal


in north with hot, rainy season
(May to September) and warm,
dry season (October to March)

Natural hazards

occasional typhoons (May to


January) with extensive flooding,
especially in the Mekong River
delta

OTHER INFORMATION

People
Total Population

: 91.70 million (2015 est.)

Age structure

: Urban: 31.45%
Rural: 60.25%
Male: 49.35%
Female: 60.64%

Population Growth Rate : 1.07% (2015 est.)


Median Age

: total: 30.4 (2015 est.)

Life Expectancy

: average age: 73.3 years old


male: 70.7 years old
female: 76.1 years old

Urban Population
Hanoi

: 7.38 million (2015 est.)

Ho Chi Minh City

: 8.22 million (2015 est.)

Ethnic Groups

: 54 Ethnic Groups
Kinh (Viet) 85.7%, Tay 1.9%, Thai
1.8%, Muong 1.5%, Khome 1.5%,
Hmong 1.2%, Nung 1.1%, others
5.3% (2009 census)

Languages

: Vietnamese

(official),

English

(increasingly favored as a second


language), some French, Chinese,
and Khmer; mountain area languages
(Mon-Khmer and Malayo-Polynesian)
Literacy (definition: age : total population: 94.7% (2014 est.)
15 and over can read
and write)
Population below

male: 96.4% (2014 est.)


female: 93% (2014 est.)
: 11.3% (2012 est.)

poverty line
Labor Force

: 54.61 million (2015 est.)

Labor Force by

: Agriculture: 44.3% (2015 est.)

occupation

Industry: 22.9% (2015 est.)


Services: 32.8% (2015 est.)

Unemployment Rate

OTHER INFORMATION

: 2.31% (2015 est.)

129

OTHER INFORMATION
VIETNAM KEY DATA (contd)
Economy
Monetary Unit

: Vietnamese Dong

Currency Code

: VND

Exchange rate to
USD

dong (VND) per


: 21,945 (2015 average)

Euro

: 24,469 (2015 average)

British Pound

: 33,693 (2015 average)

Average Consumer

: 0.63% (2015 est)

Price Index (CPI)


Fiscal Year

: 1 January to 31 December

GDP (Official Exchange : US$ 191.06 billion (2015 est)


Rate)
GDP Growth Rate

: 6.68% (2015 est)

GDP composition by

: Agriculture: 17%

sectors

Industry: 33.25%
Services: 39.73% (2015 est.)

Trade
Total Exports

: US$ 162.4 billion

Major Exports

: 1-Telephones, mobile phones and

Commodities

parts thereof
2-Textiles and garments

LANGDON & SEAH VIETNAM CO., LTD

3-Computers, electrical products,

130

spare-parts and components thereof


4-Foot-wear
5-Fishery products
6-Crude oil
7-Machine, equipment, tools and
instruments
8-Wood and wooden products
9-Other means of transportation,
parts and accessories thereof
10-Rice
Export Partners

: EU 10,7%, US 17%, Asean - 4,2%,


Japan - 4%, Korea 25,2%,
China 13.7%

Total Imports

: US$ 165.6 billion

(USD billion)

OTHER INFORMATION

Major Imports
Commodities

: 1- Machine, equipment, tools and


instruments
2- Computers, electrical products,
spare-parts and components thereof
3- Textile, leather and foot-wears
materials and auxiliaries group
4- Telephones, mobile phones and
parts thereof
5- Petroleum products
6- Iron and steel
7- Plastics
8- Animal fodders and animal
fodders materials
9- Chemical
10- Other means of transportation,
parts and auxiliaries thereof

Commodities

: products, fertilizer, steel products, raw

Import Partners

: China 12.9%, Asean 3.8%, Korea 27.4%,

International Airports

: Tan Son Nhat International Airport

cotton, grain, cement, motorcycles


EU 16.3%, Japan 11.6%, US 27%
(Ho Chi Minh City), Da Nang International Airport (Da Nang), Hanoi Noi
Bai International Airport (Hanoi), Nha
Trang

Cam

Ranh

Airport

(Nha

Trang),

International
Can

Tho

International Airport (Can Tho)


Major Seaports

: Cam Pha Port (Quang Ninh), Hai


Phong Port (Hai Phong), Nghi Son
Port (Thanh Hoa), Cua Lo Port
(Nghe An), Vung Ang Port (Ha Tinh),
Chan May Port (Thua Thien Hue),
Da Nang Port (Da Nang), Dung
Quoc Port (Quang Ngai), Quy Nhon
Port (Binh Dinh), Van Phong Port
(Khanh Hoa), Saigon Port (Ho Chi
Minh City), Vung Tau Port (Vung
Tau), Dong Nai Port (Dong Nai), Can
Tho Port (Can Tho)

OTHER INFORMATION

131

OTHER INFORMATION
ARCADIS ASIA LEADERSHIP TEAM

Kenneth Poon
Chief Executive Officer, Asia
kenneth.poon@arcadis.com

Matt Bennion
Chief Operating Officer, Asia
matt.bennion@arcadis.com

Graham Kean
LANGDON & SEAH VIETNAM CO., LTD

Director

132

graham.kean@arcadis.com

Eric de Kruif
Chief Financial Officer, Asia
eric.dekruif@arcadis.com

OTHER INFORMATION

Loo Ming Chee


Regional Head, Southeast Asia
mcloo@arcadis.com

Alan Hearn
Regional Head, East Asia & India
alan.hearn@arcadis.com

Lai Pak Hung


Head of Greater China
pakhung.lai@arcadis.com

OTHER INFORMATION

133

OTHER INFORMATION
ARCADIS ASIA SECTORS
AUTOMOTIVE

LANGDON & SEAH VIETNAM CO., LTD

AVIATION

134

CHEMICALS & PHARMACEUTICALS

OTHER INFORMATION

COMMERCIAL DEVELOPERS

FINANCIAL INSTITUTIONS

OIL AND GAS

OTHER INFORMATION

135

OTHER INFORMATION
ARCADIS ASIA SECTORS (contd)
RAIL

LANGDON & SEAH VIETNAM CO., LTD

RETAIL & CONGLOMERATES

136

OTHER INFORMATION

ARCADIS ASIA SERVICES


BUSINESS ADVISORY

COST MANAGEMENT

CONTRACT SOLUTIONS

OTHER INFORMATION

137

OTHER INFORMATION
ARCADIS ASIA SERVICES (contd)
ENVIRONMENT

LANGDON & SEAH VIETNAM CO., LTD

PROJECT & PROGRAMME MANAGEMENT

138

WATER

OTHER INFORMATION

DIRECTORY OF OFFICES
CHINA
HONG KONG
ARCADIS ASIA LIMITED
LANGDON & SEAH HONG KONG LIMITED
LANGDON & SEAH CHINA LIMITED
LANGDON & SEAH MANAGEMENT LIMITED
38/F, AIA Kowloon Tower, Landmark East
100 How Ming Street
Kwun Tong, Kowloon
Hong Kong
GPS
: 22.3125, 114.2223
Tel
: (852) 2830 3500
Fax
: (852) 2576 0416
Email
: info-hk@arcadis.com
Contact : Au Kai Ming, Francis
BEIJING
LANGDON & SEAH (BEIJING) CONSTRUCTION
CONSULTANTS CO. LTD.
Suite 1225 - 1242, South Wing
Central Tower, Junefield Plaza
10 Xuan Wu Men Wai Street
Beijing 100052
China
GPS
: 39.896738, 116.375676
Tel
: (86 10) 6310 1136
Fax
: (86 10) 6310 1143
Email
: info-cn@arcadis.com
Contact : Chan Chi Keung, Andrew
CHANGSHA
LANGDON & SEAH CONSULTANCY (SHANGHAI)
CO. LTD. CHANGSHA BRANCH
Room 11051, Zhong Tian Plaza
766 Wu Yi Avenue
Furong District
Changsha
Hunan Province 410005
China
GPS
: 28.195151, 112.983057
Tel
: (86 731) 8971 1860
Fax
: (86 731) 8971 6736
Email
: info-cn@arcadis.com
Contact : Chen Yong

(Contd)

OTHER INFORMATION

139

OTHER INFORMATION
DIRECTORY OF OFFICES

LANGDON & SEAH VIETNAM CO., LTD

CHENGDU
LANGDON & SEAH CONSULTANCY (CHENGDU)
CO. LTD.
Room 807, Block A
Times Plaza
2 Zongfu Road
Chengdu
Sichuan Province 610016
China
GPS
: 30.656666, 104.080567
Tel
: (86 28) 8671 8373
Fax
: (86 28) 8671 8535
Email
: info-cn@arcadis.com
Contact : Lum Ka Wai, Andy

140

CHONGQING
LANGDON & SEAH CONSULTANCY (CHENGDU)
CO. LTD. CHONGQING BRANCH
Room 3408, International Trade Centre
38 Qing Nian Road
Central District
Chongqing 400010
China
GPS
: 29.556331, 106.574332
Tel
: (86 23) 8655 1333
Fax
: (86 23) 8655 1616
Email
: info-cn@arcadis.com
Contact : Lin Wai Yip, Gary
DALIAN
LANGDON & SEAH (BEIJING) CONSTRUCTION
CONSULTANTS CO. LTD. DALIAN BRANCH
Unit 07, 32F, Xiwang Tower
136 Zhongshan Road
Zhongshan District
Dalian
Liaoning Province 116001
China
GPS
: 38.914864, 121.631245
Tel
: (86 411) 8800 8018
Fax
: (86 411) 8800 8823
Email
: info-cn@arcadis.com
Contact : Ng Hin Kan, Kenn

OTHER INFORMATION

FOSHAN
LANGDON & SEAH CONSULTANCY (SHENZHEN)
CO. LTD. FOSHAN BRANCH
3/F, Foshan Ling Nan Tian Di
Zu Miao Road Shop Nos. Z01 - Z11
Zu Miao Road
Foshan
Guangdong Province 528000
China
GPS
: 23.031224, 113.11278
Tel
: (86 757) 8203 0028
Fax
: (86 757) 8203 0029
Email
: info-cn@arcadis.com
Contact : Lee Kwok Wing, Dickey
GUANGZHOU
LANGDON & SEAH CONSULTANCY (SHENZHEN)
CO. LTD. GUANGZHOU BRANCH
3A10 - 18 Unit, 3/F
Bank of America Plaza
555 Ren Min Zhong Road
Guangzhou
Guangdong Province 510145
China
GPS
: 23.123148, 113.253628
Tel
: (86 20) 8130 3813
Fax
: (86 20) 8130 3812
Email
: info-cn@arcadis.com
Contact : Wong Wing Cheung, Jack
HAIKOU
LANGDON & SEAH CONSULTANCY (SHENZHEN)
CO. LTD. HAIKOU BRANCH
Unit B, 27/F, Times Square
2 Guomao Road
Haikou
Hainan Province 570100
China
GPS
: 20.029509, 110.326235
Tel
: (86 898) 6652 7818
Fax
: (86 898) 6652 7809
Email
: info-cn@arcadis.com
Contact : Yi Zheng Gang

(Contd)

OTHER INFORMATION

141

OTHER INFORMATION
DIRECTORY OF OFFICES

HANGZHOU
LANGDON & SEAH CONSULTANCY (SHANGHAI)
CO. LTD. HANGZHOU BRANCH
Room 2305, WinNing International
100 Min Xin Road
Hangzhou
Zhejiang Province 310016
China
GPS
: 30.251755, 120.218913
Tel
: (86 571) 2829 7766
Fax
: (86 571) 2829 7622
Email
: info-cn@arcadis.com
Contact : Lu Mei Hua / Zhou Yuan

LANGDON & SEAH VIETNAM CO., LTD

HENGQIN
LANGDON & SEAH CONSULTANCY ZHUHAI
HENGQIN CO. LTD.
7/F, 156 Nan Shan Ju Road
Hengqin, Zhuhai
Guangdong Province 519031
China
GPS
: 22.142774, 113.544438
Tel
: (86 756) 868 8986
Fax
: (86 756) 868 8969
Email
: info-cn@arcadis.com
Contact : Wan Chi Shing, Stanley

142

MACAU
LANGDON & SEAH MACAU LIMITED
Avenida da Praia Grande, No. 594
Edificio BCM, 12th Floor
Macau
GPS
: 22.192210, 113.541252
Tel
: (853) 2833 1710
Fax
: (853) 2833 1532
Email
: info-mo@arcadis.com
Contact : Chan Yuk Sim, Katherine

OTHER INFORMATION

NANJING
LANGDON & SEAH CONSULTANCY (SHANGHAI)
CO. LTD. NANJING BRANCH
1104 South Tower Jinmao Plaza
201 Zhong Yang Road
Nanjing
Jiangsu Province 210009
China
GPS
: 32.071984, 118.783443
Tel
: (86 25) 5791 1860
Fax
: (86 25) 6698 1860
Email
: info-cn@arcadis.com
Contact : Chen Taofen
QINGDAO
LANGDON & SEAH CONSULTANCY (SHANGHAI)
CO. LTD. QINGDAO BRANCH
Room 09, 16/F, HNA Center
234 Yan An San Road
Shinan District
Qingdao
Shangdong Province 266071
China
GPS
: 36.060852, 120.375351
Tel
: (86 532) 8280 1818
Fax
: (86 532) 8280 1881
Email
: info-cn@arcadis.com
Contact : Feng Shi En, Andy
SHANGHAI
LANGDON & SEAH CONSULTANCY (SHANGHAI)
CO. LTD.
11th Floor, Building C, The Place
No. 150, Zunyi Road
Changning District
Shanghai 200051
China
GPS
: 31.207363, 121.407984
Tel
: (86 21) 6026 1300
Fax
: (86 21) 6026 1800
Email
: info-cn@arcadis.com
Contact : Chan Hoi Or, Joe

(Contd)

OTHER INFORMATION

143

OTHER INFORMATION
DIRECTORY OF OFFICES

LANGDON & SEAH VIETNAM CO., LTD

SHENYANG
LANGDON & SEAH (BEIJING) CONSTRUCTION
CONSULTANTS CO. LTD. SHENYANG BRANCH
Room 1801, 1806 - 1809, 18/F
E Tower of Fortune Plaza
59 Beizhan Road
Shenhe District
Shenyang
Liaoning Province 110013
China
GPS
: 41.814314, 123.435484
Tel
: (86 24) 3195 8880
Fax
: (86 24) 3128 6983
Email
: info-cn@arcadis.com
Contact : Chow Hau Ming, Simon

144

SHENZHEN
LANGDON & SEAH CONSULTANCY (SHENZHEN)
CO. LTD.
Room 1001, AVIC Centre
1018 Huafu Road
Shenzhen
Guangdong Province 518031
China
GPS
: 22.543241, 114.082051
Tel
: (86 755) 2598 1841
Fax
: (86 755) 2598 1854
Email
: info-cn@arcadis.com
Contact : Lo Kwok Chu, Kenneth
SUZHOU
LANGDON & SEAH CONSULTANCY (SHANGHAI)
CO. LTD. SUZHOU BRANCH
Room 906, Century Financial Tower
1 Suzhou Avenue West
Suzhou
Jiangsu Province 215021
China
GPS
: 31.315872, 120.674879
Tel
: (86 512) 8777 5599
Fax
: (86 512) 8777 5600
Email
: info-cn@arcadis.com
Contact : Zhang Rui

OTHER INFORMATION

TIANJIN
LANGDON & SEAH CONSULTANCY CO. LTD.
TIANJIN BRANCH
4002, 40/F
Tianjin World Financial Centre Office Tower
2 Dagubei Road
He Ping District
Tianjin 300020
China
GPS
: 39.129619, 117.202758
Tel
: (86 22) 2329 8611
Fax
: (86 22) 2319 3186
Email
: info-cn@arcadis.com
Contact : Wong Chin Ying
WUHAN
LANGDON & SEAH CONSULTANCY (SHANGHAI)
CO., LTD. WUHAN BRANCH
Room 1008, 10/F
Corporate Centre 5
Wuhan Tiandi
1628 Zhongshan Road
Wuhan
Hubei Province 430010
China
GPS
: 30.608202, 114.310273
Tel
: (86 27) 5920 9299
Fax
: (86 27) 5920 9298
Email
: info-cn@arcadis.com
Contact : Guang Rong
XIAN
LANGDON & SEAH CONSULTANCY (SHENZHEN)
CO., LTD. XIAN BRANCH
Unit 06-07, 16/F, CapitaMall Office Building
64 South Second Ring Western
Xian
Shaanxi Province 710065
China
GPS
: 34.230397, 108.934893
Tel
: (86 29) 8866 9711
Fax
: (86 29) 8866 9760
Email
: info-cn@arcadis.com
Contact : Wang Zhu Zhu
(Contd)

OTHER INFORMATION

145

OTHER INFORMATION
DIRECTORY OF OFFICES
BRUNEI
BANDAR SERI BEGAWAN
LANGDON & SEAH
JURUUKUR BAHAN dan PENGURUSAN
UTAMACON
Unit 25, BT Complex, Kg. Jaya Setia
Mukim Berakas 'A' BB2713
P.O. Box 313
Bandar Seri Begawan BS8670
Negara Brunei Darussalam
GPS
: 4.9394, 114.9377
Tel
: (673) 233 2833
Fax
: (673) 233 2933
Email
: info-bn@arcadis.com
Contact : Shafie Yusof

LANGDON & SEAH VIETNAM CO., LTD

KUALA BELAIT
JBPU (B) SDN BHD
Unit 1, 1st Floor
Tang Ching Ying (TCY) Building
Lot 118, Jalan Sungai
Kuala Belait, KA 2331
Negara Brunei Darussalam
Tel
: (673) 334 7641
Email
: info.jbpusb@jbpu.com.bn
Contact : Shafie Yusof / Shahril Othman

146

PETROKON UTAMA SDN BHD


Lot 7219, Jalan Jaya Negara
Kg. Pandan, P.O. Box 811
Kuala Belait KA1189
Negara Brunei Darussalam
GPS
: 4.5843, 114.2087
Tel
: (673) 334 7878
Fax
: (673) 334 7788
Email
: pusbkb@pusbbrunei.com.bn
Contact : Shafie Yusof

OTHER INFORMATION

INDIA
BANGALORE
LANGDON & SEAH CONSULTING INDIA PVT. LTD.
2nd Floor, Esquire Center
No. 9, M G Road
Bangalore 560008
India
GPS
: 12.974, 77.617
Tel
: (91 80) 4123 9141
Fax
: (91 80) 4123 8922
Email
: info-in@arcadis.com
Contact : Velan Murali / Biju AK
CHENNAI
LANGDON & SEAH CONSULTING INDIA PVT. LTD.
New No. 20
West Cott Road
Royapettah
Chennai 600004
India
GPS
: 13.055, 80.265
Tel
: (91 44) 2855 3137
Fax
: (91 44) 2855 0141
Email
: info-in@arcadis.com
Contact : Velan Murali / Sankar Ramakrishnan
DELHI
LANGDON & SEAH CONSULTING INDIA PVT. LTD.
The Elements
2nd Floor, Unit No. 465
Udyog Vihar, Phase-V
Gurgaon, Haryana 122016
India
GPS
: 28.5012, 77.085
Tel
: (91 124) 430 8790
Fax
: (91 124) 430 8793
Email
: info-in@arcadis.com
Contact : Velan Murali / Arun Basu

(Contd)

OTHER INFORMATION

147

OTHER INFORMATION
DIRECTORY OF OFFICES

HYDERABAD
LANGDON & SEAH CONSULTING INDIA PVT. LTD.
2nd Floor, Trade Fair Office
Hitex Exhibition Center
Izzat Nagar
Hyderabad 500084
India
GPS
: 17.475, 78.375
Tel
: (91 40) 2311 4942
Fax
: (91 40) 2311 2942
Email
: info-in@arcadis.com
Contact : Velan Murali / Bhoomeshwar Rao

LANGDON & SEAH VIETNAM CO., LTD

KOLKATA
LANGDON & SEAH CONSULTING INDIA PVT. LTD.
Stesalit Towers, 6th Floor
E2-3, EP & Gp Block
Sector V, Salt Lake
Kolkata 700091
India
GPS
: 22.569814, 88.433725
Tel
: (91 124) 430 8790
Fax
: (91 124) 430 8793
Email
: info-in@arcadis.com
Contact : Velan Murali / Arun Basu

148

MUMBAI
LANGDON & SEAH CONSULTING INDIA PVT. LTD.
Unit No. 103, First Floor
Akruti SMC, Khopat Junction
Near Khopat Bus Depot
Thane (West) 400601
Maharashtra
India
GPS
: 19.1988, 72.9756
Tel
: (91 22) 4125 6060
Fax
: (91 22) 4125 6050
Email
: info-in@arcadis.com
Contact : Velan Murali / Darshan Joshi

OTHER INFORMATION

PUNE
LANGDON & SEAH CONSULTING INDIA PVT. LTD.
City Survey No. 804 / B
Bhandarkar Institute Road
Lane No-14
Pune 411004 (Near Skoda Show Room)
Maharashtra
India
GPS
: 18.5204, 73.8567
Tel
: (91 20) 2565 0417 / 2565 0419
Fax
: (91 22) 3933 5556
Email
: info-in@arcadis.com
Contact : Velan Murali / Darshan Joshi

INDONESIA
BALI
P.T. LANGDON & SEAH INDONESIA
Level 2, Alamandra Office
Jalan By Pass Ngurah Rai No. 67
Banjar Pengenderan, Kedonganan
Bali 80361
Indonesia
GPS
: 8.7893, 115.2106
Tel
: (62 361) 472 5353
Fax
: (62 361) 472 5354
Email
: info.idbali@arcadis.com
Contact : Ir. Putu Arya Canti
JAKARTA
P.T. LANGDON & SEAH INDONESIA
Level 18, Ratu Plaza Office Tower
Jalan Jenderal Sudirman 9
Jakarta 10270
Indonesia
GPS
: 6.2271, 106.8008
Tel
: (62 21) 739 7550
Fax
: (62 21) 739 7846
Email
: info.idqs@arcadis.com
Contact : Peter Robinson

(Contd)

OTHER INFORMATION

149

OTHER INFORMATION
DIRECTORY OF OFFICES
MALAYSIA

LANGDON & SEAH VIETNAM CO., LTD

SELANGOR
LANGDON & SEAH SDN BHD
JURU UKUR BAHAN MALAYSIA
JUBM SDN BHD
ARCADIS PROJEKS SDN BHD
Level 5, Menara TSR
12 Jalan PJU 7/3, Mutiara Damansara
47810 Petaling Jaya
Selangor Darul Ehsan, Malaysia
GPS
: 3.1616, 101.6129
Tel
: (60 3) 2106 8000
Fax
: (60 3) 2106 9090
Email
: info-my@arcadis.com
Contact : Loo Ming Chee / Mohd Ali Abd Karim /
Justin Teoh / Syed Mahadzir Syed Ahmad /
Mohamad Faiz Awang / Nur Aziz Abu Bakar

150

JOHOR
LANGDON & SEAH SDN BHD
JURU UKUR BAHAN MALAYSIA
JUBM SDN BHD
ARCADIS PROJEKS SDN BHD
47, Jalan Setia Tropika 1/30
Taman Setia Tropika
81200 Johor Bahru
Johor Darul Takzim, Malaysia
GPS
: 1.5422, 103.7111
Tel
: (60 7) 232 8300
Fax
: (60 7) 232 8232
Email
: info-my@arcadis.com
Contact : Syed Mahadzir Syed Ahmad
PENANG
LANGDON & SEAH SDN BHD
JURU UKUR BAHAN MALAYSIA
JUBM SDN BHD
ARCADIS PROJEKS SDN BHD
Suite 3A-3, Level 3A, Wisma Great Eastern
No. 25, Lebuh Light
10200 Penang, Malaysia
GPS
: 5.4201, 100.3408
Tel
: (60 4) 264 2071 / 264 2072 / 264 2073
Fax
: (60 4) 264 2068
Email
: info-my@arcadis.com
Contact : Nur Aziz Abu Bakar

OTHER INFORMATION

SABAH
LANGDON & SEAH SDN BHD
JURU UKUR BAHAN MALAYSIA
JUBM SDN BHD
ARCADIS PROJEKS SDN BHD
Suite 8A, 8th Floor, Wisma Pendidikan
Jalan Padang
P.O. Box 11598, 88817 Kota Kinabalu
Sabah, Malaysia
GPS
: 5.9783, 116.0761
Tel
: (60 88) 223 369
Fax
: (60 88) 216 537
Email
: info-my@arcadis.com
Contact : Ang Kun Eng
SARAWAK
JUBM SDN BHD
No. 2 (3rd Floor), Jalan Song Thian Cheok
93100 Kuching
Sarawak
Malaysia
GPS
: 1.5532, 110.3532
Tel
: (60 82) 232 212
Fax
: (60 82) 232 198
Email
: info-my@arcadis.com
Contact : Nor Azman Bin Baharum

PHILIPPINES
MANILA
LANGDON & SEAH PHILIPPINES INC
4th & 7th Floor, Kings Court 1
2129 Chino Roces Avenue
Makati City 1231
Philippines
GPS
: 14.5576, 121.0135
Tel
: (63 2) 811 2971
Fax
: (63 2) 811 2071
Email
: info-ph@arcadis.com
Contact : Darneil Perez

(Contd)

OTHER INFORMATION

151

OTHER INFORMATION
DIRECTORY OF OFFICES

CEBU
LANGDON & SEAH PHILIPPINES INC
12F, 2Quad Building
Cardinal Rosales Avenue
Cebu Business Park
Cebu City 6000
Philippines
GPS
: 10.3142574, 123.9053502
Tel
: (63 32) 232 2200
Fax
: (63 32) 260 3699
Email
: info-ph@arcadis.com
Contact : Darneil Perez

SINGAPORE

LANGDON & SEAH VIETNAM CO., LTD

LANGDON & SEAH SINGAPORE PTE LTD


L&S CONTRACT ADVISORY & DISPUTE
MANAGEMENT SERVICES PTE LTD
1 Magazine Road
#05-01 Central Mall
Singapore 059567
GPS
: 1.288526, 103.842085
Tel
: (65) 6222 3888
Fax
: (65) 6224 7089
Email
: info-sg@arcadis.com
Contact : Eugene Seah / Ho Kong Mo

152

ARCADIS PROJECT MANAGEMENT PTE LTD


1 Magazine Road
#03-12 Central Mall
Singapore 059567
GPS
: 1.288526, 103.842085
Tel
: (65) 6239 8600
Fax
: (65) 6538 4508
Email
: pmps@arcadis.sg
Contact : Seah Choo Meng / Teoh Wooi Sin /
Bernard Ho

OTHER INFORMATION

SOUTH KOREA
SEOUL
LANGDON & SEAH KOREA CO. LTD.
#429, 27
Seochojungang-ro 24-gil
Seocho-gu
Seoul 137-882
Korea
GPS
: 37.4953, 127.0164
Tel
: (82 2) 543 3888
Fax
: (82 2) 543 3898
Email
: info-kr@arcadis.com
Contact : Aaron Page

THAILAND
BANGKOK
LANGDON & SEAH (THAILAND) LTD.
LECE (THAILAND) CO. LTD.
10th Floor, Kian Gwan II Building
140/1 Wireless Road
Lumpini, Pratumwan
Bangkok 10330, Thailand
GPS
: 13.734969, 100.545448
Tel
: (66 2) 253 1438 - 9
Fax
: (66 2) 253 4977
Email
: info-th@arcadis.com
Contact : Ang Yen Kooi / Wong Soon Bin

VIETNAM
HANOI
LANGDON & SEAH VIETNAM CO. LTD.
Level 2, Hoa Binh Tower Building
106 Hoang Quoc Viet Street
Cau Giay District
Hanoi
Vietnam
GPS
: 21.046280, 105.793827
Tel
: (844) 3942 7525
Fax
: (844) 3942 7526
Email
: info-vn@arcadis.com
Contact : Mark Olive
(Contd)

OTHER INFORMATION

153

OTHER INFORMATION
DIRECTORY OF OFFICES

HO CHI MINH CITY


LANGDON & SEAH VIETNAM CO. LTD.
L12-03, Level 12, Vincom Building
72 Le Thanh Ton Street, District 1
Ho Chi Minh City
Vietnam
GPS
: 10.777828, 106.702548
Tel
: (848) 3823 8297
Fax
: (848) 3823 8197
Email
: info-vn@arcadis.com
Contact : Mark Olive

ARCADIS ASIA HEADQUARTERS

LANGDON & SEAH VIETNAM CO., LTD

HONG KONG
ARCADIS ASIA LIMITED
38/F, AIA Kowloon Tower, Landmark East
100 How Ming Street
Kwun Tong, Kowloon
Hong Kong
GPS
: 22.3125, 114.2223
Tel
: (852) 2830 3500
Fax
: (852) 2576 0416
Email
: asiainfo@arcadis.com
Contact : Poon Kan Young, Kenneth, CEO, Asia

154

ARCADIS HEADQUARTERS
AMSTERDAM
ARCADIS NV
"Symphony"
Gustav Mahlerplein 97-103
1082 MS Amsterdam
P.O. Box 7895
1008 AB Amsterdam
The Netherlands
Tel
: (31 20) 201 1011
Fax
: (31 20) 201 1002
Email
: info@arcadis.com
Website : www.arcadis.com
Contact : Neil McArthur, CEO

OTHER INFORMATION

ACKNOWLEDGEMENT

Credits to KPMG, Jardine Lloyd Thompson.


CB Richard Ellis.
Langdon & Seah Vietnam Co., Ltd would like to
acknowledge the invaluable support and advice from
the following organisations:

http://www.kpmg.com

http://www.jltasia.com

http://www.cbrevietnam.com

OTHER INFORMATION

155