Vietnam would be among the top five emerging real estate markets for investment this year, according to the Association of Foreign Investors in Real Estate (FIRE) based in the US. Brazil, China and India dominate the market (in that order), but Vietnam, unranked in 2010, jumped to the fourth position. Mexico ranked fifth, losing last year’s position to Vietnam. Russia, which has been amongst... 

For a long time, Vietnamese real estate developers had to use foreign real estate service providers as their marketing representatives, considering foreign names as the guarantee for their projects’ success. However, they have changed their mind nowadays. According to experts, the real estate service market (marketing, distribution, appraisal, investment consultancy and project management) has,... 

A strong foreign presence in the real estate service sector has led to an imbalance in the Vietnamese market. Experts said many investors have hired foreign companies such as CB Richard Ellis, Savills and Colliers to consult, manage and market successful real estate projects. This situation has been going on for some time and is likely to continue in the coming years, they said. Robin Hill Tourism... 

With the country’s steady economic growth and increased world integration, shopping at department stores and supermarkets has gradually become a way of life. So, the number of commercial centers in major cities like HCMC and Hanoi has doubled in the last three years. But a large part of the population has yet to kick the habit of buying things at dirty and stinking traditional markets. This has... 

HCMC – The increasing number of expatriates coming to HCMC for working is sending a positive signal to the serviced apartment market as those potential tenants are believed to create demand for residential leasing market in the coming time, said a market researcher. CB Richard Ellis Vietnam (CBRE) cited figures from the HCMC Department of Labor, Invalids and Social Affairs to say that the number... 

As his office building has a good location in the central business district and was designed with the latest technology and building materials, Ha Van An wonders why the A&B Tower underway on Le Lai Street in downtown HCMC is classified as a grade B office building. The chief executive officer eventually learns that his building’s grading follows the criteria applied in the city, hence it is... 

HCMC – Despite recent volatility, Vietnam’s hospitality market remains bright for developers and investors if they adapt to market changes and offer innovative products, a property expert said. “Better medium- and long-term investment opportunities are appearing in Vietnam due to its stunning coastal areas, beautiful high-rise hill destinations and highly populated cities,” said Robert McIntosh,... 

The country’s young, newly rich population is seen as a key target of local and international retailers, especially in HCMC where steady economic growth continued in the second quarter of this year. Retail spending was on the increase in the first half of this year, thus having a positive impact on the retail space market. According to market research firm Savills Vietnam, HCMC consumer demand has... 

HCM CITY — Positive signs in HCM City’s economy in the second quarter should enliven the real estate market, according to a property services provider. Marc Townsend of CB Richard Ellis said at a Thursday meeting that HCM City continued to be a key driver for the national economy, which was shown at the 11 per cent year-on-year GDP growth in the second quarter. The industrial and construction... 

The skyscraper building Bitexco Financial Tower in downtown HCMC has put its Retail Galleria into a marketing program to look for international and local retailers who want to open their stores in one of the prime areas in the city. Richard Leech, director of CB Richard Ellis Vietnam (CBRE) as the marketing agent for retail component of the project, says some 8,000 square meters of retail podium that...