First half GDP up 8.1% over 1H/2016.
Registered FDI surged 269.5% year on year (YoY) with US$14.3 million disbursed.
Nearly 2,400 new businesses were established.
Retail sales up 17.1% YoY to US$ 2.1 billion.
International visitors up 72.2% YoY to 1.2 million. Total inbounds up 33.2% YoY.
1H/2017 credit growth of 7.5% a 6-year high.
RETAIL: Softer Performance
Total retail stock increased 17.3% YoY with the new F Home shopping centre entry in Q3/2016 and Nguyen Kim supermarket reopening in Q4/2016. Hai Chau district remained the largest supplier with a 35% market share, followed by Thanh Khe district with 30 percent.
First half average ground floor rent eased -0.2% YoY and occupancy decreased -1.7 ppts YoY, mainly due to slightly weaker performance in the retail podium segment.
No supply is expected to the end of the year. Three projects with 22,000 m² are scheduled for 2018. Future supply will be mainly concentrated in Hai Chau district.
OFFICE: Increased Rent But Decreased Occupancy
Total office stock increased 6% YoY with one project closure and another opening. Hai Chau district has 74% of stock.
Average rent gained 11% and occupancy decreased -4 ppts YoY to 87%. Grade C had improved performance but Grade A softened a little.
In the second half, no new project is expected. Next year, one project with more than 3,000 m² is scheduled to launch in Hai Chau district.
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