First half GDP growth was 5.7%, a 1 ppt increase over 1H/2016.

Registered FDI had 55% annual growth. Japan with US$4.6 billion was the highest contributor. FDI disbursement was up 7% YoY.

Inbound tourist growth momentum continues and was up 30% YoY. Total international visitors numbered 6.2 million, of which Asian visitors accounted for 74 percent.

1H/2017 credit growth at 7.5% is a 6-year high.

Total retail stock was approximately 1.2 million m2 with 26,000 m2 added from the entries of a shopping centre, a new department store and a supermarket.

 Average gross rent decreased -2% quarter-on-quarter (QoQ) and occupancy was stable. Shopping centre and department store performance trended down due to newly opened projects offering competitive rents.

The middle class demographic is the key market for fashion brands. F&B and upscale food services and convenience stores are flourishing due to increasingly modern and hectic lifestyles.

Online shopping in its early stages and yet to have any significant impact to classic retail. A few key e-commerce players such as Lazada, Lotte, Aeon and Vingroup online show segment growth but others report mixed fortunes.

Click 10072017 – Savills Vietnam report on HCMC real estate market Q22017- EN for more information.

See below for the video which summarizes the highlighted categories of the report on their Youtube channel.


OTHER NEWS ON THE AUSCHAM WEBSITE

In the toolbar of this website, click on “NEWS” for the drop down menu which includes: