Want to be in the loop?
subscribe to
our notification
Business News
DEVELOPMENT TRENDS THAT WILL SHAPE PROPERTY MARKET IN 2019
The real estate market remains strong in 2019 since the economy continues to grow robustly and there is a lot of investment flowing into infrastructure, thus attracting both domestic and foreign investors.
According to real estate and investment management services firm Jones Lang Lasalle (JLL), in 2019 the mid-priced and affordable segment will dominate the market.
In HCM City, the supply of finished apartments in all segments has reached 160,000 units, corresponding to a rate of 17 apartments/1,000 people.
"If this rate is high, we should invest in high-end apartments, but if this is low, we should focus on the mass housing market; this is the segment with real demand for apartments," Stephen Wyatt, general director of JLL Viet Nam, said.
At the same time flexible workspaces are becoming more and more popular around the country, largely due to the limited supply of traditional office space in sought-after locations.
The market is still in its infancy though the first serviced office, Regus, has been operating since 1999.
Flexible space is often considered the answer to small companies and start-ups’ needs rather than traditional offices because of reduced costs due to sharing space and facilities.
With the strong growth in e-commerce, JLL predicted technology companies would continue to hunt for ideal office buildings and quickly become the main tenant category, providing an opportunity for investors who can build offices in time to keep up with demand.
For technology companies, their office location must be able to attract talent and have convenient transportation with live-work-play facilities integrated into the surrounding environment.
“The logistics industry will grow along with e-commerce,” Wyatt pointed out.
In Viet Nam, online shopping activities are increasing in step with the rapid growth of smartphones and 4G networks.
There is thus increasing pressure on logistics systems, supply chains, distribution and retail channels, and factories and warehouses.
Compared to other countries in its neighbourhood, Viet Nam’s logistics market is still in its infancy.
The final trend, a “hotel” lifestyle, is expected to be popular with millennials, or people born between 1980 and 2000.
People of this generation are unlikely to stay with their parents and prefer to have their own space.
Source: VIR
Related News
VIETNAM EYES 8% GDP GROWTH IN 2025
The State Bank of Vietnam (SBV) has been tasked with closely monitoring global and regional economic developments and adjusting monetary policies to align with shifts in major economies. The directive emphasizes reducing lending rates, managing deposit rates at commercial banks, and ensuring credit flows remain uninterrupted in early 2025.
GOVERNMENT MEMBER FOR 2021-2026 TERM
The 2021-2026 government term was recently consolidated after the 8th session of the 15th National Assembly. It consists of 27 members, including the Prime Minister, five Deputy Prime Ministers, and 21 ministers and heads of ministerial-level agencies.
EXCLUSIVE OFFER FOR HKBAV MEMBERS
Minimum order: 1 box (10 gift boxes per box; 6 gift bags per box)Free shipping on orders over 2 million VND (nationwide delivery across Vietnam)Volume discounts available for large orders
TOTAL FDI REGISTERED IN VIETNAM HITS 31.4 BILLION USD IN JANUARY-NOVEMBER
As of November 30, 2024, the total newly registered capital, adjusted capital, and capital contributions or share purchases by foreign investors in Vietnam reached nearly 31.4 billion USD, up 1% increase compared to the same period last year.
QUANG TRI TARGETS 6,000 MW WIND POWER CAPACITY BOOST
The central province of Quang Tri is seeking the Government’s approval to expand its wind power capacity by an additional 1,500-2,000 MW for onshore projects and 2,600-4,000 MW for offshore projects, according to the Vietnam News Agency.
HCMC’S RETAIL SALES REACH NEARLY VND568 TRILLION
HCMC’s retail sector has shown a notable recovery this year, with total retail sales of goods nearing VND568 trillion, an 11% uptick compared to the previous year, according to the HCMC Department of Industry and Trade.This year marks the second consecutive year the city has implemented its market stabilization program, with businesses playing a pivotal role in maintaining stable prices and ensuring a steady supply of goods.