Renowned international fast-fashion brand, H&M is set to open its third store in Crescent Mall, Ho Chi Minh City.
Sacombank's bad debt ratio was reduced to a little over three per cent, which is considered the safety limit, in less than two years.
According to Takimoto Koji, chief representative of JETRO HCMC Branch, Japanese businesses have exposed their problems about labor cost, incomplete legal system, unclear law enforcement, complex taxation and undeveloped supply of raw materials to the Vietnamese government and are still awaiting responses.
The different patterns that both markets followed in 2017, along with the characteristics of each, have offered Hanoi and Ho Chi Minh City (HCMC) distinct advantages for their own residential market segments, according to Duong Duc Hien, Director of Residential Sales of Savills Hanoi.
Ho Chi Minh City (HCMC)’s future urban railway system is scheduled to includes eight major urban railway routes divided into 12 project packages of which three have been approved, two have been submitted to the Government and seven have not been started yet.
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According to Savills, the demand of the retail sector increased in Hanoi, while Ho Chi Minh City (HCMC) experienced a surplus in supply.
Behind the initial excitement about the first metro line construction in Hanoi and Ho Chi Minh City (HCMC), some issues still need considering.
The hotel sector of Ho Chi Minh City (HCMC) recorded an occupancy rate of 76 per cent, while the villa and townhouse segment witnessed a year-on-year increase of 25 per cent in sales, according to Savills in its newly launched market briefing on fourth quarter of 2017.
Even though the total new supply of condominium in Ho Chi Minh City (HCMC) showed a decrease last year, good product configuration helps the market to maintain a good absorption.
Despite the appearance of new office buildings, large demand has left hardly any space in central Hanoi and Ho Chi Minh City (HCMC), which may continue to see rising rental prices.
Besides the industrial park in Long An province was offered for sale at nearly VND10 trillion (US$441 million) through the auction, Sacombank is also selling many real estate assets worth to trillions VND in Ho Chi Minh city (HCMC) and Binh Duong province.
The real estate market in Ho Chi Minh City (HCMC) is attracting the huge attention of foreign investors due to the high profit it brings about.
Keppel Land Limited (Keppel Land) has entered into two conditional sales and purchase agreements to acquire 100 per cent interest in two prime sites in Ho Chi Minh City (HCMC) and the total development cost of the two sites amounts to US$297 million.
Welcoming the six millionth international visitor to Ho Chi Minh City (HCMC) in 2017 is an important event concretizing the agreement of economic and social development between Vietnam Airlines and the City.
