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Cuisine stores to rule retail market in 2016

According to CBRE Vietnam, the two recently-inaugurated trade centers in Q4-2015 – Vincom Nguyen Chi Thanh and AEON Long Bien, totalling 152,500sqm (about 106,500sqm of retail floor for hire) – enjoy an occupancy rate of up to 95pct. In one to two upcoming years, other trade center projects developed by foreign investors, like Gamuda and Ciputra, will have the possibility to have rental prices similar to or slightly reduced compared to other projects outside of Hanoi's central business districts. Marc Townsend, managing director of CBRE Vietnam, aside from the strong expansion of domestic and foreign retailers in 2015, another notable trend is making it affordable to consumers.