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CBD retail floor in HCMC up 15pct in prices

According to CBRE Vietnam, HCMC in 2016 welcomed five new shopping centers, including one in a central business district, providing over 192,000 square meters of rental retail space, up 50pct y-o-y. The new projects promote many international markets in various segments. CBRE said there are 17 renowned international brands launched in HCMC in 2016, up three times y-o-y. Also, prime location, limited supply and the participation of many new brands is some of factors that sharply increase the retail-hiring rate.