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 - AUGUST 2021
The Vietnamese Government is showing its drastic actions to implement its vaccine diplomacy policy for containing the Covid-19 pandemic to soon return to new normal life and recover the manufacturing nationwide.
What Does “Hybrid Work” Really Mean?
Use the right hybrid work tools The best way to support employees in a hybrid work model is to offer them the right tools. By understanding that each person works differently, hybrid managers have a better chance to avoid a toxic productivity environment and improve employees’ mental health when they work from home. For example, managers can run a survey asking for peoples’ preferred working-hours. Another challenge in hybrid work is decision-making. A project can go badly if employees working from home are not considered in the process. Having a transparent way to communicate across departments can improve team accountability. After all, the main goal is to help people to stay motivated and focused at work.
Việt Nam's economic growth forecast at 7.5 per cent in 2022
Việt Nam’s GDP growth is forecast to surge from an estimated 2.6 per cent in 2021 to 7.5 per cent in 2022, with resilient manufacturing and a robust rebound in services serving as the driving forces for economic recovery.
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.
Another reason to want the corner office: It's good for your health
While most of us are sleeping, Keith Jones spends his nights driving a truck. The Charlotte, North Carolina, resident says he doesn't mind the overnights -- the dark and the quiet time help him think. But during the day when he's at his home office filing paperwork, he says has to work in front of the window. The daylight, he says, is essential.
CJ BUILDING

2 Bis - 4 - 6, CJ BUILDING

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

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