Market Brief Ha Noi Q2/2023
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The retail landscape in Ha Noi is changing. While small retail podiums and medium-sized shopping centres are rising in central locations, mega shopping centres are moving to the outskitrts and using unique entertainment elements as a competitive advantage.
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Market Brief Ha Noi: Shopping centres and retail podiums in residential projects were in hot denmand in Q2/2023. However shophouse continue to struggle after the pandemic. International visitors are yet to fully return, and below 2019 levels. Demand is sound this year with soild FDI inflows. Given that FDI forecasts are positive, the outlook for the sector is good. Muted conditions will remain until the deposit rate lowers, and more supply enters. Market Brief Ha Noi also see that the government is dynamically working both sides of monetary and fiscal policy.Sales are gradually rising. We expect continued improvement’s policies and efforts to remove obstacles. These mechanisms are forecast to enhance transparency and boost buyer confidence