2001-2010 - average real GDP growth rate of 6.8% annually. 2011-2020 – average real GDP growth rate of 6.2% annually. The country’s unemployment stood at 3.72% in Q3 2021, up from 2.62% in the previous quarter and 2.5% a year earlier, according to GSO - the highest level in two decades.. A wide range of international and domestic high-end and luxury hotel brands are present in HCMC, including IHG, Accor, Marriott, Hyatt, Reverie, Caravelle, Majestic hotel and Rex hotel. According to a report by Cushman & Wakefield Vietnam, by Q1 2022, the total supply of 3-star, 4-star and 5-star hotels in HCMC is 17,000 rooms. The occupancy. Jan 20, 2022 · In Ho Chi Minh City, apartment prices rose by 10.9% in Q3 2021 from a year earlier (8.2% inflation-adjusted), to an average of US$2,683 per square metre (sq. m.), according to JLL Vietnam. Quarter-on-quarter, apartment prices in the city increased 4.4% in Q3 (3.7% inflation-adjusted). In Hanoi, property prices have been continuously rising, too.. In the short introduction of this article, BLawyers Vietnam would like to highlight some guidelines for foreign investors who intends to start a real estate business in Vietnam. 1. Establishing a company operating in real estate sector. Investors investing in real estate sector must obtain an investment registration certificate (the "IRC. A niche sector in a country with specific operational, ownership and investment real estate laws requires specialist knowledge and guidance. Knight Frank's experts have vast experience in Vietnam's property sector backed by deep market knowledge driven by incisive research and unrivalled access to data-led trends. In the three months ending on November 30, 2020, luxury homes saw a 60.7% YoY increase. And new listings grew 31.5% during the same period. The median sales price of these homes is $899,000, a product of a 9% YoY change from the previous year. Luxury houses have a median of 55 days on market. COVID-19 has caused the real estate market of Vietnam to face many difficulties but the pandemic itself became an important catalyst in reshaping the market with many new investment fields emerging to attract investors in a new context. Tran Nhu Trung, general director of Green-Edge Development and Growth JSC, said one notable trend in the. Nov 21, 2016 · Writer. Tuan Phan. A visitor walking deep into the headquarters of property developers Sala and Novaland could see several models of a future Ho Chi Minh City. As given form in plaster models and digitized 3D, a brand new city will arise in District 2 in the next five years, dense in high rises, expansive with wide lane highways, containing a .... "/>
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