Office rent prices in Hanoi are currently decreasing by 10-20 percent, while more suitable renting options are available for tenants, according to Greg Ohan, Director of the office leasing services section of CBRE Vietnam – a subsidiary of the world’s largest commercial real estate services and investment firm.
In order to attract tenants, office buildings have tried to modernise their facilities, including clean water filter systems, automatic car parking and toilets with five-star hotel standards.
Several buildings also arranged spaces for yoga and gym courses in addition to banking services and cafeterias.
CBRE reported a trend of companies operating in the same industry choosing the same area, citing an example that many pharmaceutical companies have relocated their offices to Dong Da and Ba Dinh districts with high-quality buildings and suitable prices.
The central area remains an alternative for banks, investment funds, consultancy and law firms, and new foreign enterprises, said the foreign property consulting service provider .
Meanwhile, enterprises operating in information technology and transport as well as businesses from the Republic of Korea have prioritised buildings in the western edge of the city, where office prices remain stable.
According to CBRE’s survey, about 106,000 square metres of office will be added to the western area in the near future.-VNA
The Hanoi office market is thriving with new commercial infrastructure, leading to higher occupancy and decreasing rents, noted CB Richard Ellis Vietnam Co Ltd (CBRE)'s Hanoi branch.
Land rents are rising too quickly, according to members of the business community who met in Hanoi at a conference entitled "Property Rights and Enterprise Development".
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
Illustrative image (Photo: VNA)
