VIETNAM REAL ESTATE INVESMENT MARKET OVERVIEW AND OUTLOOK Q2.2023
PERFORMACE
The rent remains at a steady level.
Stable rental prices were observed in the office market of Ho Chi Minh in Q2 2023.However, the occupancy rate slightly decreased compared to the previous quarter, with Grade A offices reaching 92% and Grade B offices achieving 75%. Additionally, the average rental prices remained relatively unchanged, with Grade A offices ranging from 41-67 USD/sqm/month and Grade B offices around 36 USD/sqm/month. New projects entering the market in outer CBD areas showed a promising occupancy rate of approximately 20-25%. Furthermore, investor are actively seeking tenants, and it is expected that the occupancy rate will increase in the near future.
Source: Colliers (Vietnam)
Source: Colliers (Vietnam)
news relative
VIETNAM NEWS HIGHLIGHTS - NOVEMBER 2021 The Vietnamese economy is actively recovering with a rebound in industrial production and retail sales, continued trade surplus and stabilized credit growth, a World Bank (WB) update says.
VIETNAM NEWS HIGHLIGHTS - JULY 2021 The fourth wave of COVID-19 in Vietnam is longer and much more serious than previous ones said Nguyễn Thanh Long - Vietnam's Health Minister. Many cities in Vietnam (Ho Chi Minh City and Hanoi included) have imposed 15 days of social distancing measures under the strict Directive 16 of Vietnam's Prime Minister.
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.
Virtual Office vs. Shared Office – Which is best for your workspace needs? A large number of organizations, especially entrepreneurs and small business owners in Vietnam are now looking for workspace options with great flexibility but still minimizing their operation costs, and as a result, virtual and shared offices have incredibly increased in popularity.
Both two types of offices can save your business the cost and hassle of setting up an office from scratch, but do you know which one is best for you?
VIETNAM NEWS HIGHLIGHTS - JANUARY 2022 GDP of Vietnam is expected to rebound to 5.5 percent growth in 2022 in a scenario where the pandemic is under relative control both at home and abroad. The rebound of the economy will be supported by a more accommodating fiscal policy, at least in the first part of 2022.
Serviced Office Global Market Report 2022 The global serviced office market is expected grow from $27.83 billion in 2021 to $33.30 billion in 2022 at a compound annual growth rate (CAGR) of 19.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $64.06 billion in 2026 at a CAGR of 17.8%.
