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Hanoi Retail Q2 2022

Figures Q2, 2022

In April 2022, after 5 consecutive quarters without new supply, Hanoi market welcomed Vincom Mega Mall Smart City in Tay Mo ward, Nam Tu Liem district, with net leasable area of 49,000 sqm. Concerns about challenges and inflationary pressures in the coming time are expected to affect the retail sector as costs of raw materials, production costs and consumer goods prices expect to increase further, affecting consumer spending and consumer confidence.

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  • The industrial market recorded many positive signals after Vietnam reopened the borders. The market expects strong pipeline over the next three years.

  • After a quiet quarter, the market saw new supply booming to 15,528 units in Q2 2022. The improvement in price of suburban projects has not only caused the segmentation change in new supply but also driven primary pricing growth.

  • The recovery trend continued with improved indicators in all grades and total net absorption at 21,000 sqm in HCMC. Co-working space are coming back with high occupancy rate of more than 90% and operators continued to seek for expansion. 


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