OVERVIEW OF THE OFFICE MARKET IN Q1/2024

According to Savills's report, by Q1/2024, total stock of Grade A increased by 7% QoQ and 43% YoY. Four new Grade A buildings delivered since 2023 have been large-scale, and green-certified. 


Regarding solid performance, while Grade B and C maintained occupancy above 90%, Grade A fell to 84% down due to new supply.


Deals mainly came from expansion and relocation of tenants. 


In general, the office market in HCMC in Q1/2024 has optimistic signs compared to the end of 2023.


Source: https://vn.savills.com.vn/services/research/vietnam-quarterly-market-report-qmr-q1-2024.aspx?source=fb#contact-box 

Source: Savills' report

news relative
Risk assessment – A precondition to control the risk of transmission of coronavirus in workplace
As an employer, you must protect people from harm. This includes doing a risk assessment to decide what reasonable steps you need to take to protect your workers and others from coronavirus (COVID-19).
Vietnam to Increase Regional Minimum Wage from July 2022
Vietnam will increase regional minimum wages by approximately 6 percent from July 1, 2022. The increase varies from US$140 to US$202 depending on the living expenses in a particular region. Businesses should prepare their budgets given the short notice and incorporate the increased HR costs from July 1 and beyond going forward.
Must-have items to keep you productive in office
You bundle into the office a couple of minutes before 9 am, with a large coffee in your hand and a look of worry on your face. With deadlines to fulfill and clients to meet, keeping yourself productive throughout the day can become a task in itself. While many of us do actually enjoy our jobs, finding that productive rhythm can be a struggle at times.
VIETNAM REAL ESTATE INVESTMENT MARKET OVERVIEW AND OUTLOOK 2022
The Covid-19 outbreak caused great disruptions to the Vietnam real estate market in the year 2020 to 2021. However, production and business activities have since gradually regained growth momentum, and the Government's policy to push socio-economic recovery and development has shown positive effects since the beginning of this year. In the first 9 months of 2022, Vietnam attracted about US$15.4 billion in foreign investment, up 16.2% over the same period last year. Real estate investment continues to rank second among sectors attracting the most foreign direct investment with over US$3.5 billion received, accounting for 18,7% of the total amount of investment. GDP in the first nine months of 2022 increased by 8.83% over the same period last year, the highest growth in the past decade. This shows that Vietnam is still among the markets with great potential for investment in the Asia Pacific region.
VIETNAM NEWS HIGHLIGHTS - JUNE 2021.
Vietnam progressively put in place a range of social distancing and movement restrictions during the fourth wave of Covid-19, which will have long-term and inequitable impacts on its economy. However, in comparison with countries in the region, Vietnam has been the least hit and is expected to be the fastest economy to recover.
CJ BUILDING

2 Bis - 4 - 6, CJ BUILDING

No. 6 Le Thanh Ton street, Sai Gon Ward, HCMC

Tel: +84 28 6255 6800 | Fax: +84 28 6255 6801

Email: leasing@cjbuilding.com.vn

Copyright @2019 CJ BUILDING. All rights reserved