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Q2 2020 Ho Chi Minh City Real Estate Market | Quarterly Report

Q2 2020 Ho Chi Minh City Real Estate Market | Quarterly Report

Vietnam remains one of the fastest-growing SE Asian economies with a bright long-term economic outlook. Positive GDP 2.6% growth in 2020, an average 6.7% pa forecast 2021 with full recovery by 2024, according to FocusEconomics. The prolongation of Coronavirus has challenged the recovery of economies in Vietnam.
Q1 2020 Ho Chi Minh City Real Estate Market | Quarterly Report

Q1 2020 Ho Chi Minh City Real Estate Market | Quarterly Report

Covid-19 outbreak has created many disruptions in Vietnam’s economy and its real estate market. Vietnam’s manufacturing sectors is heavily dependent on raw materials. Disruption to supply has forced many local producers to temporarily cease production since January, leading to a very low growth in exports in Q1 2020.
Q4 2019 Ho Chi Minh City Real Estate Market | Quarterly Report

Q4 2019 Ho Chi Minh City Real Estate Market | Quarterly Report

Vietnam’s economy achieved 7.02%, well exceeding set by the National Congress. High growth was driven by strong export activities 'Total export values was US$263.5 billion' leading to trade surplus US$9.9 billion. New launches in real estate market continued to decrease due to slowdown of licensing process.
Q2 2019 Vietnam’s economic backdrop | Quarterly report

Q2 2019 Vietnam’s economic backdrop | Quarterly report

Amid the prevailing global high uncertainty and growth slowing down, Vietnam’s economy still achieved stable growth with 6.8% in 1H 2019. As of Q2 2019, the GDP growth reached 6.71%, slightly lower than the Q2 2018 rate yet still higher than the growth of the second quarter during the 2011-2017 period.
Q2 2019 Hanoi Real Estate Market | Quarterly Report

Q2 2019 Hanoi Real Estate Market | Quarterly Report

Looking back, there has been a contradictory scene of success and struggle among retail stories in Vietnam during the first half of 2019. Mid-end segment continues to dominate the market with new supply of around 70% - 80%, residential supply will move further away from the 10km radius of the CBD.
Q2 2019 Ho Chi Minh City Real Estate Market | Quarterly Report

Q2 2019 Ho Chi Minh City Real Estate Market | Quarterly Report

Due to limited supply in the 1H 2019, HCMC real estate inventory overall was absorbed. Sales momentum continued to be positive in Q2 2019 with more than 80% of new launch units having been absorbed. Office market performance with vacancy rates of both Grade A and Grade B slight decrease.
Q1 2019 Hanoi Real Estate Market | Quarterly Report

Q1 2019 Hanoi Real Estate Market | Quarterly Report

In line with the geographical diversification real estate supply emerging locations such as Ha Dong, Gia Lam, Hoai Duc and Long Bien were observed. The market has witnessed strong demand from both local and foreign investors for projects at locations close to industrial parks "The East".