Key Trends in the Office Real Estate Sector in Vietnam
Transportation
and utility infrastructure Improving: Vietnam
has been investing to improve public utilities and infrastructure. Vietnam now
has over 2000 Km of highways. Ho Chi Minh City is planning to launch a city
wide metro network which will help travel between the CBD and other areas of
the city. Various expressway projects are being planned or under construction
to improve connectivity within major cities. Steps like these raise the moral
of speculators and Investors who will start to invest in Vietnam
Residential Market.
Young Homeowners: Population Rising: As of
2018, Vietnam has a population of over ~ Million people, a statistic which has
grown at a CAGR of ~ % 2013-2018.
Among this
population the number of working professional in the age group of 25-40 has
increased at a CAGR of ~ %, People who are most likely to be the new sources of
demand for the market.
How is
Vietnam’s Hotel Real Estate MARKET Positioned?
Vietnam has become a tourist hotspot in recent years, with the
number of international tourists growing at a rate of ~% from 2013-2018. With
Business destinations such as Ho Chi Minh City and Hanoi and upcoming Tourist
Destinations like Da Nang, Vietnam’s Hotel industry is sure to witness a boom
in demand. The market is not only driven by foreign tourism but also by
domestic travel. Both local and foreign tourism drive the demand for hotel
rooms upward. As the disposable income continues to increase, domestic
travelers seek better and more luxurious hotels. Additionally, foreign
visitors, might be price sensitive, but still seek higher-end hotels when
visiting Vietnam, whether for leisure or
meeting-incentives-conference-exhibition (MICE) purposes.
Cities such as Da Nang and Hoi Phong, will serve as the next hubs
for the tourism industry, so global brands will try to increase the presence in
these cities to gain the early advantage, making the hotel market tin Vietnam
highly competitive.
Rising
number of Domestic Tourists: Vietnam has witnessed a rising influx
of Domestic tourists as disposable income per individual increases. Vietnam
recorded the presence of ~ million domestic tourists in 2018, while Ho Chi Minh
City and Hanoi witnessed ~ million and ~ million domestic tourists in 2018.
Vietnam is expected to increase this number to ~ million by 2025 which is a
positive indicator for the industry.
Influx of
Foreign Brands within Vietnam: Vietnam’s potential as a tourist
hotspot has become clear to global hotel brands as is evident from the increase
in number of branded operators from ~ in 2010 to ~ in 2018. Vietnam is putting
in efforts to improve public infrastructure and tourism services, this makes
hotel brands willing to invest in Vietnam.
Rising
number of foreign tourists: Foreign Tourists in Vietnam have been
increasing over the years. With ~ million foreign tourists in 2013, the number
has grown to ~ million foreign tourists by 2018 at a CAGR of ~ %. This number
is expected to rise to ~ billion by 2025. This showcases the strong demand pool
for Hotels in Vietnam’s Hotel Market.
Key Segments
Covered:-
Vietnam Office Real
Estate Market
By Type:
Grade A Office
Grade B Office
Grade C Office
By
Geography:
Vietnam
Ho Chi Minh
Hanoi
Vietnam Retail Real Estate Market:-
By
Location:
CBD (Central
Business District)
Non CBD (non
central business district)
By
Type:
Retail Podium
Department Store
Shopping Center
By
Geography:-
Vietnam
Ho Chi Minh
Hanoi
Vietnam
Residential Real Estate Market:-
By Type:
Apartments
Condominiums
Villas and Townhouses
By Geography:
Vietnam
Ho Chi Minh
Hanoi
Vietnam
Hotel Real Estate Market:-
By Type:
3 Star Hotels
4 Star Hotels
5 Star Hotels
Others (Less than 3 Star Hotels)
By Geography:
Vietnam
Ho Chi Minh
Hanoi
Key Target
Audience:-
Real Estate Developers
Independent Investors
Real Estate Consulting Companies
Third Party Real Estate Companies
Independent Architects
Government Associations
Government Agencies
Time Period Captured in the Report:-
Historical Period – 2013 -
2018
Forecast Period – 2019F –
2025F
Case Studies Covered:-
Vietcom Bank
Deutsches Haus
Diamond Plaza
Vincom Centre
Rever.vn
Emerge
Ohana.vn
For More
Information on the research report, refer to below link:-
Related Reports:-
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