Vietnam expects to achieve around 5.8% - 6.6% GDP growth in 2023 by various domestic and international economic institutions.
Yet, in Q1 2023, GDP growth was recorded at 3.32% and CPI at 4.18%. Though satisfying the target CPI of below 4.5%, the rising inflation is evidence that the unstable global economy has put a pressure on the local market.
Dive deeper into our Q1 2023 MarketBeat reports for the latest on the residential, industrial, retail and office sector of the Vietnam real estate market.
Ho Chi Minh City MarketBeat Reports
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Ho Chi Minh City All Sector MarketBeat Q1 2023
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MarketBeat • Office
Ho Chi Minh City Office MarketBeat
The market did not record new supply in Q3 2022, the total cumulative supply of Grade A and B is still 1.43 million sqm of office space. Office rent of the whole market remained stable, with US$59/sqm/month for Grade A, and US$34/sqm/month for Grade B.Cuc Le • 04/10/2022
MarketBeat • Industrial
Ho Chi Minh City Industrial MarketBeat
Industrial land supply increased significantly compared to last year, especially in Q1 and Q2 of 2022, mainly due to delayed projects from last year's pandemic. The total cumulative supply of the market reached 27,780 hectares, with an occupancy rate of 88%.Cuc Le • 04/10/2022
MarketBeat • Retail
Ho Chi Minh City Retail MarketBeat
The occupancy rate of the whole market reached 93%, and the total accumulated supply of shopping malls, department stores, and commercial podiums reached 1 million sqm. The average rental price is US$48,3/sqm/month, up 5.6% over the same period last year.Cuc Le • 04/10/2022
MarketBeat • Residential
Ho Chi Minh City Residential MarketBeat
Cushman & Wakefield’s latest MarketBeat report analyzes Q3 2022 economic and commercial real estate activity.Cuc Le • 04/10/2022
Insights • Logistics
Cushman & Wakefield: Vietnam‘s cold chain market is expected to boom
Vietnam's cold storage market is expected to grow rapidly, reaching $US295 million in 2025.Xuan Pham • 10/03/2022
Insights • Technology
Why 5G is More Important Than Ever for Commercial Real Estate
Being better connected via 5G will become the new standard for commercial real estate.Xuan Pham • 28/02/2022