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Vietnam's hotels suffer huge damage from coronavirus

Vietnam's hotels suffer huge damage from coronavirus

Due to the new ban on international travelers and rising concerns domestically, hotel occupancy in the first three weeks of March dropped dramatically to a single digit in many destinations within Vietnam.

SonKim Land raises $121 million in follow-up funding

The Ho Chi Minh City-based property developer has successfully closed nearly $121 million in fundraising from a group of investors including EXS Capital, ACA Investments, and Credit Suisse AG.

Nomura Real Estate fully acquires Zen Plaza in Ho Chi Minh City

Tokyo-based Nomura Real Estate Development Co., Ltd. has now become the sole owner of office building Zen Plaza in Ho Chi Minh City.

Luxstay raises $6 million in fresh funds to take on Airbnb

Local rental market platform Luxstay has successfully secured additional $6 million in venture capital funding via the Shark Tank Vietnam progamme this week, gearing itself up to compete with international rivals like Airbnb.

Ascott making inroads into Cam Ranh and Hoi An

CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), is accelerating its growth globally with the signing of 26 properties mostly in Asia Pacific. Cam Ranh and Hoi An are the two new cities that the firm is now venturing into.

Savills Vietnam: Residential sales to ascend in Ho Chi Minh City

The residential sector is at the apex of Ho Chi Minh City’s growth, driven by a need for better housing, a growing middle class and an increasing number of overseas buyers.

Ho Chi Minh City sees uptick in condo absorption

New projects achieve high sold rate of over 80 per cent of launched units, despite price increase.

Office rents keep rising in Ho Chi Minh City and Hanoi

Demand is strong enough to absorb nobtable new supply.

Keppel Land partners Phu Long to develop three residential sites in Saigon South

This is the first deal the established Vietnamese developer has inked with a foreign partner although it has developed a number of quality residential projects.

New hotel supply to ease room shortage in Hanoi and Ho Chi Minh CIty

Hotel pipeline in Hanoi and Ho Chi Minh City is expected to accelerate in the next three years, helping ease supply shortage amid rising demand from international tourists, according to CBRE.

Housing demand remains healthy despite supply at lowest level in five years

Demand for apartments in both Hanoi and Ho Chi Minh City remains rather healthy in the face of limited new projects. While prices stay flat in the capital city, they soar to a record high in the bustling southern city.

Stock indexes
847.61 5.23 0.62
Volume: 203,000,000 Value: 3,561 (Billions VNĐ)
111.55 -0.06 -0.05
Volume: 0 Value: 0 (Billions VNĐ)
56.26 0.37 0.67
Volume: 18,000,000 Value: 123 (Billions VNĐ)
789.87 4.28 0.55
Volume: 43,000,000 Value: 1,349 (Billions VNĐ)