Ho Chi Minh City Market Brief in 2020
A recent Asia Development Bank (ADB) report has the 1.8% GDP YoY growth in Viet Nam leading SE Asia recovery. The positive economic outlook, strong domestic consumption, and effects from Free Trade Agreements (FTAs), especially the latest EVFTA will all underpin Retail in Viet Nam. Vietnamese and EU retailer collaborations are expected to support more successful entries and expansion.
" Shophouses continue to be popular, there is also noticeable move up the value chain as more expensive landed property comes to the market and is absorbed well. Vinhomes have been a dominant supplier."
Ms. Vo Thi Khanh Trang, Head of Research, HCMC - Savills Vietnam