JILL_2022_Vietnam Property Market Brief
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A positive end for a new start – VietNam Property Market Brief
- As the economy bounced back, Vietnam recorded a positive GDP growth rate in 4Q21
- Retail sales and international arrivals gradually recovered in the new normal
- FDI capital increased sharply in 2021, thanks to large projects from “Queen Bees”
- Vietnam recorded trade surplus in 2021, marking the 6th consecutive year in a row country’s export turnover higher than import’s.
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Retail Market
- Slow resuming of footfall after reopening in early October
- Weak demand led to negative net absorption across all malls
- Rental concessions were lifted after reopening
- Outlook: The market will improve in 2022
Apartment for Sale Market
- New supply recovery in “new normality”
- Strong demand after social distancing
- Positive price escalation in the primary market
- Outlook: Market recovery and vibrancy after strict isolation
Ready-built Landed Property (RBL)
- Limited supply continues in HCMC, but booms in other provinces
- Strong investment sentiment recorded in Binh Duong and Dong Nai
- Primary prices stable q-o-q
- Outlook: Infrastructure and population flow will drive RBL further