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Macro Indicators
GDP growth rate (%)
Retail sales (Billion $)
Currency Exchange Rate (VND/USD)
Trade surplus (Billion $)
International visitors (Million)
Value
6.2%
-0.5ppt
117
+10%
22,800
-0.8%
+2.6
N/A
10
+26%
20.9
-8%
15.8
+9%
101,100
+16%
3,126
+84%
N/A
+4.7%
11%
+1ppt
18.7%
+1.7ppt
41
N/A
Q4/2016
Q4/2016
FIGURE 1
FIGURE 2
FIGURE 3
Q4/2016
FIGURE 4
FIGURE 5
Sales reached 10,200 units, increasing 36% QoQ and 32% YoY.
Absorption was 22%, increasing 4 ppts QoQ and 2 ppts YoY due
to good Grade B and C performances. Grade A had the highest
absorption rate at 26 percent. Grade B sales increased
significantly by 61% QoQ
From Q1/2017 to 2018, over 60,000 units are expected to enter
the market.
FIGURE 6
Q4/2016
FIGURE 1
Ground level rents decreased QoQ and YoY across all retail
segments to a four-year low. Average occupancy increased 1.1
percentage points (ppts) QoQ but decreased -3.0 ppts YoY.
While shopping centre occupancy decreased -1.3 ppts QoQ,
both department store (0.5 ppt) and retail podium (13.9 ppts)
occupancy increased.
New entrants performed well while fierce competition forced
existing projects to either renovate or close. From 2017 to 2018,
new retail supply will be concentrated in the West and Secondary
areas.
FIGURE 2
The average rent was stable QoQ but increased 1.1% YoY, while
the average occupancy increased 1 ppt QoQ and 4 ppts YoY.
Grade A occupancy in the Secondary area sharply increased due
to landlord incentives. In the West, Grade A far outpaced Grade
B with vacancy of just 6 percent.
According to the National Business Registration Portal, in 2016,
Ha Noi was the most dynamic commercial centre with over
22,000 newly registered businesses, increasing 19% YoY.
Source: Savills Research & Consultancy
FIGURE 3
Q4/2016
FIGURE 4
FIGURE 5
FIGURE 6
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