Race hard

- In Hanoi and Ho Chi Minh City, a retail real estate consulting firm noted that rental prices continued to increase in the first half of this year. The occupancy rate in Ho Chi Minh City reached 93%, so even though rental prices are not cheap, retailers still invest.

- Which areas have the most rented premises?

- The three sectors that account for the most rental space are entertainment, lifestyle and home appliances. This shows that the most significant spending segment of residents is middle-class consumers. This will also remain the biggest force influencing retail development in the coming years.

- But what is the main reason for the increase in rent?

- More vibrant consumption shows clear signs of economic recovery. Retail rental prices are increasing because demand is greater than supply. Luxury retail real estate in the central area always has a stable number of tenants. Because in addition to revenue, they also aim to expand brand recognition.

- Between domestic and foreign retail businesses, which side has the upper hand?

- The market is heating up, meaning there is no room for laggards. Therefore, regardless of whether they are domestic or foreign, businesses must compete fiercely to maintain and expand market share. The market will benefit sustainably when all participants put their efforts into the race.

CROSSED TU

Source: https://www.sggp.org.vn/don-suc-dua-post804792.html