A confectionery aisle at the Aeon Supermarket in Hanoi. (Photo: VNA)
Hanoi (VNA) - Retail space is set to be a cash cow for the property sector soon,particularly in Hanoi and Ho Chi Minh City.
Expertsfrom property consultant firm Savills Vietnam said despite closuresand fierce competition last year, the outlook for 2017 and beyond is rosy.
Conveniencestore chains that open round the clock are expected to thrive this year.
In additionto successful long-standing Thai investors, retailers from Japan, China and theRepublic of Korea are landing in the Vietnamese property market.
In Hanoi, sourcesof retail property are projected to concentrate in the downtown area and thewest between 2017 and 2018. A signal that bodes well for the sector is anincreasing number of newly registered enterprises, with the figure for 2016exceeding 22,000, up 19 percent year-on-year.
Savills’counterpart CBRE Vietnam highlightedtwo recently debuted projects in the capital, Vincom Pham Ngoc Thach shoppingmall and Vincom Plaza in north Tu Liem, adding 45,900 square metres of retail space tothe market.
Hanoi’sretail space now amounts to approximately 758,216 square metres, with a goodoccupancy rate.
The closureof poor performing shopping centres has boosted the occupancy rate. Due torestricted space in central Hanoi, a shift to suburban districts is on thecards. Retail space supply this year stands at about 106,000 square metres, allin the suburbs. Average leasing prices have fallen slightly, increasingcompetition.
Ho Chi MinhCity also has an active retail property market.
A CBRE studyfound that 17 international brands entered the southern hub last year, nearly triplingthe figure for 2015. Big brands, such as Zara, H&M and 7-eleven, are set toexpand.
In the nextthree years, the city expects to have 500,000 square metres of retail spaceleased, with shopping malls accounting for 75 percent of the supply.-VNA
The property market in Ho Chi Minh City will see good prospects for all segments this year and the retail sector will see new trends, according to experts in the field.
Many large and unexpected merger and acquisition (M&A) deals were made in 2016, with retail and real estate continuing to dominate the domestic market.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
A confectionery aisle at the Aeon Supermarket in Hanoi. (Photo: VNA) 
