Markets

Three companies, Binh Thuan Agricultural Service Joint Stock Company (ABS), Vietnam Rubber Group (GVR) and Kien Giang Construction and Investment Consultancy Corporation (CKG), listed on HOSE during the month. … [Read more...] about Stock market has torrid time in March

“In the future, foreign buyers will have high demand for apartments. Many investors from Hong Kong, Taiwan and South Korea are still interested in the Ha Noi housing market. The housing price in Ha Noi is competitive compared to other regional countries,” Van Anh said. … [Read more...] about Ha Noi condominium market sputters: CBRE

If the disease is still spreading in September, the vacancy rate will rise in both markets, with the non-CBD areas being hit harder, showing an estimated increase of 5-7 ppts. Rent in the non-CBD area on the ground floor and first floor could end at 10% below the previous level, while the CBD’s rents may still fully recover. … [Read more...] about Retail market hit hard by coronavirus

The administration of Ho Chi Minh City on March 27 issued an official directive outlining the penalties for those who fail to comply with measures enacted to prevent and control COVID-19, including a VND100,000-300,000 (US$4.3-12.9) fine for face mask wearing violations. … [Read more...] about 10,000 face masks seized near Ho Chi Minh City airport

The tourism and export sectors are particularly vulnerable to weaker activity. Tourism accounts for about 10 per cent of GDP directly, but its contribution to overall GDP is considerably higher through indirect spillovers. Tourist arrivals for March fell by about 68 per cent year-on-year. Fitch’s baseline assumes the outbreak is contained by the second-half of this year and the global tourism industry starts to recover at a gradual pace. … [Read more...] about Fitch revises outlook on Viet Nam to Stable; affirms at ‘BB’