Savills

According to Simon Smith, Savills Asia-Pacific head of Research and Consultancy: “Industrial and logistics properties, especially warehousing, have been at the top of many investor lists for a while now. The sector taps into megatrends such as the growth of online retail and almost every market in the region is undersupplied with modern logistics space.” … [Read more...] about Industrial property proves most resilient to COVID-19

Compared to other cities in Southeast Asia and its neighbouring provinces, HCM City’s property market has remained attractive due to the short supply and imminent price hike. The inventory in the luxury apartment market in HCM City is now 700 compared to 30,000 in Bangkok and 8,300 in Singapore. … [Read more...] about Residence-hotel complexes attract HCM City’s expats

Hoa Phat Agri has been maintaning very high growth rates in recent years. In 2019, the revenue of Hoa Phat Agri increased by 72 percent to VND8 trillion, making up 12 percent of total revenue of the group. Hoa Phat Agri has been maintaning very high growth rates in recent years. In 2019, the revenue of Hoa Phat Agri increased by 72 percent to VND8 trillion, making up 12 percent of total revenue of the group. … [Read more...] about Vietnamese billionaires pour money into non-core business fields

Meanwhile, CBRE reported that the rent of shophouses in HCM City has decreased by 20 percent compared with pre-pandemic days. The rental period has been shortened to 2-3 years from 5 years as previously seen. Some businesspeople are maintaining existing shops, but canceling plans to expand their chains. … [Read more...] about Businesses in HCM City’s central business districts are idle as demand is weak

Ministries with good growth in disbursing public investment were the Ministry of Transport, 8.34 trillion VND, equivalent to 41.6 percent of the plan for the full year and up 91.7 percent against the same period last year. The Ministry of Health disbursed a sum worth 2.3 trillion VND, 34.7 percent of the target and up 36.1 percent while the Ministry of Agriculture and Rural Development saw 1.76 trillion VND in disbursed capital, 39.6 percent and 34.1 percent, respectively. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 5