While in many other countries generation Y (born from 1981 to 1991) is struggling to get a foot on the property ladder without help from parents or grandparents, youth in Vietnam has been inheriting or receiving significant financial support from the older generation, according to experts from Savills.
In the first quarter of the year, real estate developers launched massive new condo projects with tempting promotions. But will the market be in a position to absorb such an enormous supply?
The government will have breakthroughs in the reform of legal regulations and business investment conditions for the domestic real estate market this year, according to experts.
The revenue of Vietnamese network operators has suffered an uncharacteristic low in the first quarter of this year due to new legislation reducing top-up promotions for pre-paid subscribers from 50% to 20%. The reduction of the promotion was put into force last month.
In 2014, Vietnamese were the most economical consumers in South East Asia in a Nielsen survey. However, their spending habits have changed.
Vietnam attracted US$3 billion worth of foreign direct and portfolio investments to the real estate sector in 2017, a sharp increase of 80% over the year before.
The prices of all kinds of fuel increased as from 15:00 of April 7 following a joint decision of the Ministry of Finance and Ministry of Industry and Trade.
After Grab’s takeover of Uber on March 26, some Vietnamese transport businesses are taking advantage of an opportunity to invest in the lucrative ride-hailing market.
Vietnam’s derivatives market enjoyed robust and sustainable growth with 59 trading sessions in the first quarter of the year, according to the Hanoi Stock Exchange (HNX).
VOV.VN - Pepper prices dropped by half at the end of the first quarter compared to 2017 and equaled to one-fourth of those in mid-2016, down to the lowest level over the last five years.
The gear motorbike market segment has become cramped with many models priced up to VND20 million.
Apartments for middle-income people remained hot for consumers, accounting for three quarters of the total apartments put on sale in the first three months of 2018.
Ho Chi Minh City’s apartment segment witnessed high absorption rate in the first quarter of the year despite the long Tet holiday and abundant supply, the property service provider CBRE said on April 3.
The condotel (condo hotel) market is forecast to remain attractive to investors in 2018, with increasing amounts of capital poured by both domestic and foreign investors into the segment.
The US Department of Commerce (DOC) recently announced an anti-dumping duty and countervailing duty investigations into laminated woven sacks imported from Vietnam.
VOV.VN - Around 404 out of the 986 completely-built-up (CBU) cars, valued at more than US$21 million, which were imported into Vietnam in the last week of March originated from Thailand, according to the General Department of Vietnam Customs.
The appearance of foreign fast-fashion brands in Vietnam has dealt a strong blow to Vietnamese brands.
Imported CBU (completely built unit) cars are expected to flood Vietnam, as domestic automobile manufacturers prepare to launch new models.
The consumer price index (CPI) grew 2.82% in the first three months of 2018 compared to the same period last year, reported the General Statistics Office (GSO).
Banks and payment gateways are now the most effective way for hi-tech criminals to transfer dirty money and conduct illegal actions.
An increasing number of investors are looking to crack Vietnam’s egg market to meet rising demand and explore export opportunities.
Prudential, Manulife, and FWD were among the first insurance firms to transfer insurance transactions to digital platforms, who are now followed by Chubb Life, Generali Vietnam, and Hanwha Life.
Condotels are becoming a hot development target in the real estate market, as international tourists flock to Vietnam with increasing speed.
Domestic brands are expected to have opportunities to prosper in the local market amid the massive arrivals of foreign brands.
Amid a massive invasion of foreign goods in the domestic market, experts remain optimistic about the strong rise of some Vietnamese brands.
Toyota Motor Vietnam is recalling 20,490 Corolla and Lexus cars nationwide over airbag flaws, the firm said on March 21.
Ho Chi Minh City plans to form a pork trading floor which will have advanced technology and careful control of pork origin to ensure quality.
Three giant e-commerce corporations, Alibaba, Tencent and JD.com of China, have arrived in Vietnam.
VOV.VN - Fruit and vegetables are among the agricultural products seeing the highest export growth since the beginning of the year and they are catching interest from more choosy markets in the world.
The Vietnamese snack market, with value of US$518 million in 2015, is expected to be worth US$1 billion by 2020, experts say.