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Bright prospects for FDI in Vietnamese property market

Bright prospects for FDI in Vietnamese property market

The property market in Vietnam has received increased FDI inflows during the past years. VIR talked with Savills Vietnam managing director Neil MacGregor about his assessments of these FDI flows and expectations for the property market in the year ahead.

Local hotel industry faces challenge in technology

Local hotel industry faces challenge in technology

The domestic hotel industry will face many challenges during development, especially in the application of technology, according to an expert from Savills Vietnam – a foreign property service provider in Vietnam.

Hanoi office market to likely to lack supply

Hanoi office market to likely to lack supply

The office market in Hanoi was expected to face a shortage of supply with competition between offices for lease and co-working spaces likely to rise in the future, but was performing well at present, according to experts.

Vietnam hospitality market to continue growth this year: Savills

Vietnam hospitality market to continue growth this year: Savills

The hospitality market in Vietnam, which has been an attractive sector for investors over the past few years thanks to its consistent growth, is expected to continue to expand this year, partly due to global trends, according to Savills Hotels Asia Pacific.

Retail sales rise on strong domestic demand

Retail sales rise on strong domestic demand

Total retail sales of goods and services in Vietnam reached nearly VND4.4 quadrillion (US$191 billion) in 2018, representing a rise of 11.7% against the previous year, according to the General Statistics Office (GSO).

Branded residences come to Vietnam

Branded residences come to Vietnam

Vietnamese developers were recently trained on how to turn their projects into Urban Branded Residences – a popular product in the world that is so far unfamiliar in Vietnam.

Retail sector grows 10.6% in 2017: Savills Vietnam

Retail sector grows 10.6% in 2017: Savills Vietnam

Vietnam’s retail sector earned about US$129.6 billion in 2017, a rise of 10.6% from the previous year, according to a report on global retail market trends of Savills Vietnam retail consultancy.

Consumers change retail

Consumers change retail

The retail sector in Vietnam has been going through revolutionary changes to serve a generation of local, tech-savvy consumers as well as an increasing number of tourists.

Savills says Vietnam youth is easier for housing affordability

Savills says Vietnam youth is easier for housing affordability

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.

Office-for-lease market ready to take off

Office-for-lease market ready to take off

2017 has witnessed the rise of the office-for-lease segment in Hanoi and Ho Chi Minh City. It is believed that 2018 will act as a leverage for a boom in this segment in the following years.

HCM City: FDI flow into property sector triples

HCM City: FDI flow into property sector triples

Ho Chi Minh City’s real estate sector attracted US$984.4 million in foreign direct investment (FDI) during January-November, triple the figure from the same time in 2016.

Vietnamese fashion brands warn they may lose home market

Vietnamese fashion brands warn they may lose home market

Vietnamese fashion and garment companies have usually focused on outsourcing and have ignored branding. But the business strategy will no longer fit the new circumstances as more and more foreign brands have landed in Vietnam.