Savills Vietnam report on Hanoi real estate market Q4.2017
GDP grew at 6.8%, the highest in five years and exceeded the year target. GDP per capita of US$2,385 increased 10% year on year (YoY).
Credit growth is estimated to reach 18% to 19 percent. Estimated outstanding consumer borrowing increased 65% YoY. Loans for home buying and house repairs had a 53% share and increased 77% YoY.
Inbound tourism continued to grow in 2017 with12.9 million international visitors, up 29 percent. Accommodation and F&B revenues were approximately US$22million, up 12% YoY.
Total registered FDI growth was 44% and disbursement was up 11% over 2016. Japan, with an over 36% share led new FDI registered capital.
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