Hanoi low-cost apartment supply down 47% yearly since 2020: Savills

Hanoi low-cost apartment supply down 47% yearly since 2020: Savills

Hanoi’s supply of budget apartments priced below VND30 million ($1,179) per square meter has dropped 47% every year since 2020, according to real estate service firm Savills Vietnam.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Danang realty market plummets in supply, demand

Danang realty market plummets in supply, demand

The central city of Danang and its surrounding areas witnessed a decline in supply and demand in the property market in 2023, apart from in the apartment segment, according to real estate consultancy DKRA Vietnam.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Risk factors: market demand, skilled labor shortage worry German firms in Vietnam

Risk factors: market demand, skilled labor shortage worry German firms in Vietnam

Low market demand and shortage of skilled labor are the biggest risk factors that German firms see in Vietnam over the next 12 months, a new study says.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam faces dearth of high-quality office space: analysts

Vietnam faces dearth of high-quality office space: analysts

As Vietnam braces for regional competition for foreign investment, a chronic deficit in high-quality office supply may be further aggravated. Will this open investment opportunities? Analysts from consultancy Avison Young provide an insight into the issue.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Coworking office space supply in HCMC up 16%, rents down 35%

Coworking office space supply in HCMC up 16%, rents down 35%

Ho Chi Minh City has seen a 16% increase in leasable floor space in the serviced office and coworking sector this year but a commensurate fall in overall occupancy and asking rents, according to a new study by property services firm Knight Frank Vietnam.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam hospitality real estate at a standstill

Vietnam hospitality real estate at a standstill

Just one resort villa project with 40 units was introduced to the Vietnamese market in July and only one unit of this was sold, according to Vietnamese property consultancy DKRA.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

VN-Index up strongly on Vingroup stock rally

VN-Index up strongly on Vingroup stock rally

Vietnam’s benchmark VN-Index gained 11.6 points, or 0.95%, to close at 1232.21 on Friday, with VIC of Vingroup as major driving force.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Sustained drop in new orders amid weak demand in Vietnam: S&P

Sustained drop in new orders amid weak demand in Vietnam: S&P

Manufacturers in Vietnam continued to struggle in the face of weak market demand as the second quarter drew to a close, with both output and new orders falling again in June, S&P Global said on Monday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Gainful season seen for global rice suppliers including Vietnam

Gainful season seen for global rice suppliers including Vietnam

Vietnam and other major rice exporters are likely to enjoy higher demand and prices in the 2023-24 season, says the United Nations’ Food and Agricultural Organization.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Millions of industrial park workers in need of housing

Millions of industrial park workers in need of housing

Vietnam currently employs around 4.5 million workers at its industrial parks, and around half of them are in need of accommodation, equivalent to 12.5 million square meters of housing, according to property consultancy Savills.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Eastern HCMC meets real housing demand

Eastern HCMC meets real housing demand

The east of Ho Chi Minh City still has many new housing units with affordable prices for buyers, while other parts of the megacity have seen almost no new supplies.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam pharma firms report healthy earnings in 2022

Vietnam pharma firms report healthy earnings in 2022

Major pharma companies Traphaco, Mekophar, Hau Giang, OPC and Imexpharm all posted healthy profits last year thanks to high domestic demand for drugs, according to their financial statements.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

IFC approves $100 mln loan to enhance SeABank housing loans

IFC approves $100 mln loan to enhance SeABank housing loans

The World Bank’s investment arm IFC has agreed a $100 million senior loan with five years in tenor to SeABank, with the proceeds to be exclusively used for the Vietnamese lender’s housing portfolio, including affordable housing.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Rising goods prices over new year holiday drive up CPI in Jan

Rising goods prices over new year holiday drive up CPI in Jan

Vietnam's Consumer Price Index (CPI) in January rose 0.52% from the previous month and 4.89% year-on-year largely due to the increased price of goods and services over the Lunar New Year (Tet) holiday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Flexibility, acumen key drivers of fertilizer industry

Flexibility, acumen key drivers of fertilizer industry

Difficulties face all fertilizer industry players this year, and the winner will be the one who knows how to deal with adverse impacts, says Cao Trung Kien, vice president of the Petrovietnam Fertilizer & Chemicals Corporation (PVFCCo).

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Greater HCMC Region apartment supply up 22% in 2022

Greater HCMC Region apartment supply up 22% in 2022

Ho Chi Minh City and surrounding provinces had 72 apartment projects open for sale last year with 26,681 units in new supply, an increase of 22% compared to 2021, according to real estate consultancy DKRA Vietnam.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Steel industry still faces many risks: top broker SSI

Steel industry still faces many risks: top broker SSI

Domestic steel demand is expected to continue falling due to the stagnant real estate market and tightened monetary policy, according to Vietnam's leading broker Saigon Securities.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Premium flats to remain leaders in HCMC housing supply: consultancy

Premium flats to remain leaders in HCMC housing supply: consultancy

High-end apartments are forecast to continue their dominance of new supplies this year in Ho Chi Minh City, with up to 70-80% of the total, according to real estate consultancy DKRA Vietnam.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hanoi Q3 property market landscape

Hanoi Q3 property market landscape

Property consultancy Cushman & Wakefield offers an insight into the landscape of Hanoi's real estate segments in the third quarter.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam's biggest oil refinery to run at full capacity, ensure fuel supplies

Vietnam's biggest oil refinery to run at full capacity, ensure fuel supplies

Nghi Son Refinery and Petrochemicals, Vietnam's largest, will operate at full capacity in the fourth quarter to assure stable supplies of petroleum products in the domestic market.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Budget carrier Vietjet records $6 mln H1 profit

Budget carrier Vietjet records $6 mln H1 profit

Vietjet recorded an after-tax profit of VND145 billion ($6.18 million) in the first half of the year, up 19% year-on-year as domestic travel demand recovered.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam steel prices drop 12th time in three months

Vietnam steel prices drop 12th time in three months

Retail steel prices in Vietnam have fallen by about VND4 million ($171) per ton since May 11 in 12 consecutive drops.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Sabeco brews highest profit in five years

Sabeco brews highest profit in five years

Sabeco’s after-tax profit of $77 million in the second quarter marked a record quarterly high since ThaiBev became the brewer’s majority shareholder five years ago.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Low foreign demand to hold back Vietnamese textile

Low foreign demand to hold back Vietnamese textile

Although Vietnam's textile and garment exports were riding high in the first half of the year with growth of 22%, insiders are pessimistic that the rest of 2022 would not match up.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Industrial rents to rise 5-13% in next 3 years: CBRE

Industrial rents to rise 5-13% in next 3 years: CBRE

Industrial land leases in northern Vietnam are predicted to climb 5-10% over the next three years, while those in the southern region may rise 8-13%, according to real estate consultancy firm CBRE Vietnam.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Surging demand offers Vietnam rice exporters bright prospects

Surging demand offers Vietnam rice exporters bright prospects

With many countries limiting food exports to guarantee domestic supply, rice is forecast to witness surging prices, offering Vietnam a competitive advantage as one of the world’s largest grain exporters.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam inflation could exceed 5% in 2023: analysts

Vietnam inflation could exceed 5% in 2023: analysts

Given the delay of the government’s economic and development recovery package, Vietnam's inflation may surpass 5% next year, a senior analyst said.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Foreign brands ‘hunt’ retail premises in HCMC: Savills

Foreign brands ‘hunt’ retail premises in HCMC: Savills

Big retail companies are bringing new global brands to Vietnam after delays due to Covid-19, driving demand for premises and market rebound in Ho Chi Minh City, according to Savills.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC in surplus of high-end apartments, scarcity of affordables

HCMC in surplus of high-end apartments, scarcity of affordables

Up to 74% of apartments for sale in Ho Chi Minh City last year were high-end, luxury or ultra luxury, while the city faced a serious dearth of affordable housing supply.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hoa Phat Group to sell containers from Q4

Hoa Phat Group to sell containers from Q4

A plant invested by Hoa Phat Group, Vietnam’s leading steel maker, to manufacture containers in Ba Ria-Vung Tau province will test run in the third quarter and launch products from the fourth quarter.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7