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
Vietnam resort real estate supply set to grow 20% in 2024: association
The supply of resort and tourism real estate in Vietnam is expected to rise by 20% this year from 2023, with a spotlight on beachfront apartments, forecast the Vietnam Association of Realtors (VARS).
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hanoi, HCMC in apartment price race
The average primary asking price of apartments in Hanoi has increased for 20 consecutive quarters to VND58 million ($2,363) per square meters, while in Ho Chi Minh City, apartments priced under VND2 billion ($81,000) per unit are no longer available.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
Apartment supplies in southern Vietnam lowest in 5 years
Apartment supplies in Ho Chi Minh City and surrounding areas in 2023 were at their lowest level in the past five years, reported realty services firm DKRA.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
Vietnam rice exports soar to all time high
Vietnam’s rice exports of nearly 6 million tons in Jan-August was the highest ever, up 20% over the same period last year and equivalent to 89% of the year plan.
Economy - 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
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
HCMC office vacancy to rise amid new supply: consultancy
Ho Chi Minh City’s office market is poised to witness a record 29% vacancy rate in Grade A offices by the end of 2023 due to higher supply and lower demand, according to a new Knight Frank report.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s largest refinery avoids suspension with improved cash flow
Nghi Son, Vietnam’s largest refinery, is expected to avoid a prolonged suspension with improved cash flow enabling a November debt repayment, a Nikkei Asia report said Thursday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
Coffee farmers embrace regenerative agri-practices for better incomes: Nestle
Improved incomes, increased use of regenerative agricultural practices, and integrated approaches have been adopted by coffee growers in Vietnam and other key coffee-supplying countries, Swiss food and nutrition giant Nestle said.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
Loss-making EVN justifies why subsidiaries have huge bank deposits
State utility Vietnam Electricity (EVN) has said its member companies maintain vast deposits in domestic banks in order to ensure trust with business partners and pay due debts.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam PM demands sufficient power supply
Electricity supply sources in Vietnam have to leave no stone unturned to ensure adequate supply during the heat wave across the country, Prime Minister Pham Minh Chinh said.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hospitality real estate projects pause sales amid low liquidity
Real estate projects across Vietnam’s hospitality industry have placed their sale plans on ice in a wait-and-see attitude during this year’s first quarter due to low trading volume.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
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
HCMC apartment sales slump in Q4 amid increased prices
The Ho Chi Minh City apartment market recorded just 983 new units sold in the final quarter of 2022, down 76% against the third, according to property services firm Cushman & Wakefield.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Southern Vietnam real estate firms in distress
Real estate businesses in southern Vietnam are in a very difficult situation, unable to sell their products even at big discounts.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central bank asks Vietnamese lenders to support petrol importers
The State Bank of Vietnam has required commercial lenders to supply fuel importers sufficient loans to ease current petroleum shortages.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s biggest refinery to import 2.52 mln tons of crude oil in Q4
Nghi Son, Vietnam’s largest refinery, is importing 2.52 million tons of crude oil between October and December while running at full capacity to help maintain stable supplies of petroleum products in the domestic market.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
Vietnamese pangasius suppliers strike deals with Europe’s leading frozen foods firm
Europe’s leading frozen food company, Nomad Foods, has inked new contracts to secure the supply of certified farmed pangasius fish from three Vietnamese firms - Vinh Hoan, VDTG and Godaco Seafood.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam earns $40.8 bln from agriculture, fisheries, forestry exports
Vietnam earned $40.8 billion from exporting agriculture, forestry and fisheries products in the first nine months of this year, up 15.2% year-on-year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese firm ups solar module supply to US energy developer
American solar energy developer Origis Energy said Thursday it has signed an additional purchase order for more than 400 megawatts of capacity with Vietnam-headquartered solar module maker Boviet Solar, following a 700 MW agreement the duo signed this July.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
HCMC housing market to see plentiful new supplies
Major property developers in Ho Chi Minh City are set to introduce their new housing products in large quantities by the end of this year, giving the market a fillip.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Real estate prices likely to drop 30%: economist
Real estate prices might decline by a maximum 30% in the coming time, but will quickly rebound, according to Le Xuan Nghia, one of Vietnam's leading economists.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Northern Vietnam short of industrial land as demand rises
Vietnam's northern region will see a shortage of industrial land in the second half of this year as demand exceeds supply, while the situation will be more balanced in the south, according to real estate consultancy Cushman & Wakefield.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
HCMC real estate uncertainties worrisome: insiders
The Ho Chi Minh City Real Estate Association (HoREA) says visible “slowdown, stagnation and shrinking liquidity” are worrisome signs of uncertainty in the domestic real estate market.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
Soaring steel price torments construction firms
Steel prices, which have surged 20-35% against last year, have rattled construction contractors and real estate developers.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
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