HCMC RETAIL MARKET TO REACH A KEY TURNING POINT IN 2016

Savills Vietnam

Wednesday, 02 Mar 2016

In a recent retail market briefing, Savills Vietnam highlighted growing interest in the Vietnam retail market from both new to market tenants as well as large international investors. Neil MacGregor, Managing Director of Savills Vietnam said: “We believe that the retail market in HCMC will reach a key turning point in 2016. Consumer spending is increasing at a rapid rate when compared with other regional markets, resulting in a more sustainable model going forward. International retailers are now excited to enter the local market following the announcement of the various free trade agreements, offering the prospect of reduced tariffs and simplified procedures.”

For details, please see attached file.