The office occupancy rate in HCM City reached an average of 94 percent, according to a report on the HCM City and Hanoi office markets made in the third quarter by Savills Vietnam.
The Vincom Centre A building in HCM City (Source: VNA)
HCM City (VNA) – The office occupancy rate in HCM City reached an average of 94 percent, according to a report on the HCM C﷽ity and Hanoi office markets made in the third quarter by Savills Vietnam.
The rate for A-level office space is 96 percent, for B-level offices, it is 94 percent, and C-level offices, 92 percent.
Rental prices are an average of 563,000 VND (25 USD) per sq.m each month, up 3 percent from the second quarter.
The total office space supply in HCM City reached 1.5 million sq.m from 22 projects, up 4 percent over the second quarter. It is expected to increase to 1.6 million sq.m by the end of 2016.
CBRE Vietnam said the office-for-lease market in HCM City will not have new space in the third quarter in both A-level and B-level categories, and this will help reduce the existing empty area in these categories.
The occupancy rate will increase at new office buildings, but remains stable in old buildings. Foreign companies have been searching for big areas to lease long term and re-lease with many successful transactions. They are searching for buildings to buy for use as well.
Customers with the highest rental demand are in the fields of information technology-electronics, trade, finance-banking, logistics and media-marketing.
Stephen Wyatt, General Director of Jones LaSalle Vietnam, said that the HCM City property market has a stable supply, but an economy with a strong growth rate will boost demand in the next five years.
The expansion of the supporting service sector will boost the demand for office area and entail the increase of rental prices, especially in the context of limited supplies of new projects.
According to the HCM City People’s Committee, since the beginning of 2015 the city has attracted 3.08 billion USD in foreign investment, up 4.8 percent from 2014.-VNA
The Hanoi real estate market saw optimistic development in the third quarter and the growth trend is expected to continue to the end of this year, Savills Vietnam real estate agent reported on Oct. 5.
Foreign firms have pumped hundreds of millions of US dollars into numerous real estate projects in HCM City, attributed to an upswing in the real estate market after a long period of hibernation.
The PetroVietnam Insurance Corporation (PVI) Tower in Hanoi has been honoured as “Vietnam’s best office development” at the 2015 Asia Pacific Property Awards, which is given to only one project in each attending country.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
The Vincom Centre A building in HCM City (Source: VNA)
