November 10, 2009
VietNamNet Bridge – Retail shops at big markets and on big roads change hands all the time these days because their rent has been escalating. Kim Loan used to have a tailor’s shop at Ky Dong T-junction. She revealed that her shop rent increased from two million dong a month to three million dong, and [...]
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October 21, 2009
VietNamNet Bridge – High retail rents in big cities have prompted investing in high quality trade centre development. Newspaper Tien Phong believes that at least 150,000 square metres of retail premises will be available at trade centres in HCM City by June 2010. The figure is equal to 50 percent of the total premises launched [...]
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October 13, 2009
LookAtVietnam – Small businesses have begun preparing for the Tet sale season and despite the economic downturn rental costs continue to escalate. Nguyen Thi Hoa, the owner of a stall at Ben Thanh Market in HCM City, said market merchants are already looking for retail premises to lease. During the end-of-lunar-year Tet sale season, a [...]
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September 15, 2009
LookAtVietnam – Moon cake sales are at their highest pitch, just two weeks before the mid-autumn festival. Moon cake producers are competing fiercely for the best retail sites. Big streets in Hanoi like Ba Trieu, Hai Ba Trung, Tay Son, Giang Vo and Ngoc Ha these days have been turned red by lanterns, stacks of [...]
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September 14, 2009
LookAtVietnam – The demand for commercial real estate is still very high even in the economic downturn, because consumers have gotten used to going shopping at trade centres. Supply grows, but rents don’t fall Tran Van Hung, head of leasing at Eden Mall in the Saigon area of HCM City, said that the great majority of [...]
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August 12, 2009
Both foreign and Vietnamese retailers complain that retail premise leasing fees in Vietnam, especially in HCM City, are sky high. In 2006, local newspapers reported that the transfer price of one square metre of stall at Ben Thanh Market in HCM City was 230 taels of gold. The level, if converted to dollars, was 30 [...]
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July 31, 2009
Unlike the office leasing market, now quiet because of low demand, the leasing market for upscale store sites in Ho Chi Minh City has remained bouyant even in the economic downturn, reports the Saigon Economic Times. Like their counterparts in the in big urban areas of other countries, Vietnamese consumers shop more and more at [...]
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July 8, 2009
High-class retail premises in HCM City are now so scarce that even those who have money cannot find satisfactory places to set up shop. According to local newspaper Saigon tiep thi, HCM City now has 25 modern trade centres which have retail premises for lease to enterprises or individuals. Of these 25 centres, only 11 [...]
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June 2, 2009
Some experts say that lack of prime rental space is hindering the development of Hanoi retailing, though there is plenty of consumer demand. Seeking shop premises proves to be a headacheNguyen Binh Long, the owner of Italy Limone, a food shop, has leased the premises at Hanoi’s Vincom shopping centre for five years. He pays [...]
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May 20, 2009
The total area for retail premises in HCM City by early 2009 had reached 210,323 sq m, with 17 trade centres. The total area for retail premises in HCM City by early 2009 had reached 210,323 sq mOnly one building, Saigon Paragon in district 7, has become operational so far this year. Opened in March, [...]
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