Update news retail space
Many large buildings in Hanoi such as Discovery Complex Cau Giay, Mipec Tower Dong Da and Artemis Thanh Xuan are now mostly abandoned.
The COVID-19-hit rental real estate market is bouncing back from hibernation as the successful vaccination campaign nationwide has allowed the reopening of economic activities, pushing up demand.
Commercial spaces on HCM City’s main streets do not have many takers since rentals remain too high.
Many large retail groups are bringing new international brands to Vietnam and planning to open large stores in the city center.
VietNamNet Bridge – Parkson has returned, while Ocean Group has jumped into the HCM City market. The moves taken by the big guys are believed to heat up the market.