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Vietnam a rising star in Asia-Pacific real estate: Savills

Despite facing a host of difficulties, Vietnam and its real estate market still saw growing interest from foreign investors in the fourth quarter of 2023, according to property consultancy firm Savills’ Asia-Pacific Investment Quarterly (APIQ) Q4/2023 report.

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

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

Rooftop solar power incentives only for homes, public buildings: ministry

The Ministry of Industry and Trade is against extending rooftop solar power development incentives to other groups before first priority recipients - households and public offices - are covered.

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

Vietnam industrial, logistics real estate flashing on investors’ radars

Industrial and logistics properties in Vietnam are the preferred asset choice for foreign investors, with the country growing into a new global manufacturing hub, while the office segment is also in demand, said Cushman & Wakefield’s Asia Pacific CEO Matthew Bouw.

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

HCMC becomes Asia Pacific’s sixth most expensive office rental city

Ho Chi Minh City has become the sixth most expensive city in Asia Pacific to lease premium office space, according to a new study by property services firm Knight Frank.

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

Boeing seeks to boost supply chain in Vietnam

Boeing opened its new permanent Vietnam office in Hanoi on Friday as the aerospace giant embarks on its mission to turn the country into a major supplier for the global aerospace industry.

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

Hybrid trends inspire office workers post-pandemic: experts

The latest post-pandemic workplace trends are taking clearer shape worldwide with the way people are working changing towards a purpose-driven future, and Vietnam needs to keep up in order to remain competitive, experts said at a conference on Wednesday.

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

Office fit out cost in Vietnam second best in Asia Pacific: Cushman & Wakefield

Vietnam’s Ho Chi Minh City and Hanoi are the second most affordable in Asia Pacific in terms of office fit out cost among 32 countries surveyed, just after India’s, according to property services firm Cushman & Wakefield.

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

HCMC to see five-fold increase in Grade A office vacancy: Knight Frank

The Ho Chi Minh City office market is likely to see a record five-fold increase in Grade A segment vacancy by this year-end, real estate services firm Knight Frank said Monday.

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

NusaTrip extends services to Vietnam in regional expansion

Vietnam-based Nasdaq-listed Society Pass Incorporated’s online travel agency NusaTrip has opened a Ho Chi Minh City office, representing its third Southeast Asian office outside of Jakarta, following the opening of offices in Singapore and Manila earlier this year.

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

Taiwan Stock Exchange to establish Vietnam office

The Taiwan Stock Exchange (TWSE) is planning to open an office in Vietnam as its first overseas foothold to attract investment from this Southeast Asian market.

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

HCMC office market set to become tenant-favorable in 2023

Ho Chi Minh City’s office market is likely to witness a transition from a landlord-favorable to a tenant-favorable sector in the new year, according to data released Friday by Knight Frank Vietnam.

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

NVD Asia Logistics makes inroads into Vietnam

Hong Kong-headquartered NVD Asia Logistics has just opened its Vietnam office in Ho Chi Minh City and looks to Hanoi for the next site in the fast-growing market.

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

Google Malaysia's head named managing director for Vietnam

Google Malaysia’s managing director Marc Woo has been appointed managing director of Google Vietnam, where the American tech giant has not opened an office.

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

Allen & Overy Vietnam offices have new managing partner

Lawyer Tina LeDinh has been appointed by Allen & Overy as managing partner of its Vietnamese offices, succeeding Adam Moncrieff.

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

Danish wind power giant COP opens Hanoi office

Denmark’s Copenhagen Offshore Partners, a global leader in offshore wind development, has launched a new office in Hanoi during Danish Crown Prince Frederik’s working visit to Vietnam on November 1-3.

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

13 ministries, state agencies may relocate from downtown Hanoi

The Ministry of Construction says it is completing a Hanoi zoning map for head offices of ministries and state agencies, which may result in 13 moving away from the city center.

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

HCMC green buildings get 18% higher rents: Knight Frank

Green-certified office buildings in Ho Chi Minh City are obtaining rents 18% higher than those without the accreditation for equivalent floor space, says real estate services firm Knight Frank Vietnam.

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

Companies in Vietnam obliged to store user data locally

In its latest cybersecurity move, the Vietnamese government will require technology firms to store their Internet user data and establish local offices within the country.

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

Shinhan Bank opens new branch, transaction offices in Vietnam

South Korea’s Shinhan Bank has launched one more branch in Hanoi and two more transaction offices in Ho Chi Minh City, increasing the total number of its units in Vietnam to 46.

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

French software firm banks on Vietnam as new manufacturing hub

French software firm Dassault Systèmes has opened its Vietnam office to take advantage of opportunities as the country becomes a new global manufacturing hub, a company executive said.

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

Industrial real estate makes up 35% of property M&A deals in H1

Industrial real estate accounted for 35% of merger and acquisition deals in Vietnam's property sector in the first half of the year, second only to the office segment with 39%, according to Cushman & Wakefield.

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

Office rents in HCMC return to pre-pandemic levels

The commercial real estate market in Ho Chi Minh City is expanding, with rents rebounding to pre-pandemic levels due to new supply shortages, according to property services provider Knight Frank.

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

CT Group opens Vietnam's first biz rep office in Israel

CT Group has opened a representative office in Tel Aviv, Israel as the Vietnamese conglomerate lends priority to developing hi-tech sectors.

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

Multi-sector firm REE reports doubled profit after tax

Refrigeration Electrical Engineering (REE) reported its after-tax profit doubled year-on-year in the first quarter of 2022 to VND955.3 billion ($41.6 million).

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

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