Beruflich Dokumente
Kultur Dokumente
HA NOI
DA NANG
68,000 sqm Over USD 100M pa
Leased in 2016 Number one for
transactions
HCMC
2
EVOLVING
Modern retail supported by a large young population
and an expanding economy
• 2nd highest urban population in the region and growing.
• Consistently high GDP growth.
35%
R
MYANMA
18.5 7.3
44%
40%
S
ILIPPINE
6.1
45.3
S
D 52%
LAO
AN 7.0
2.7 7.3
PH
IL
2.9
THA
35.8
3.1
34%
AM
A 21%
DI
N
VIET
6.7
O
CAMB
7.0 31.5
3.3 7.0
6.7
IA 75%
YS
A
MAL
5.0 78%
23.3
6.0
BRUNEI
-0.6
0.3
1.9
100%
RE
O
SINGAP
1.9
5.6
0.6 54%
IA
S
INDONE
4.9
141
5.0
Key
40% % Urbanisation
GDP Growth %
45.3
Spending Consumption growth (%) 2016
Savills Vietnam | 3
EVOLVING
Low retail density with growth potential to catch regional peers.
1 Singapore 15.4
2 Bangkok 12.7
3 Tokyo 11.1
4 Taipei 9.9
5 Seoul 9.4
6 Bali 8.7
7 Phuket 8.3
Kuala
8
Lumpur
7.3
9 Sydney 6.8
10 Hongkong 6.6
Source markets
27% 15% 7% 6% 5%
Chinese South Korea Japan US Taiwan
4
Ha Noi & HCMC forecast.
HCMC developing faster
HA NOI HCMC
2%
13%
Non CBD
CBD
98% 87%
15% 8%
15% 14% 9%
10% 6% 16% Shopping Centre
52% 57% 45% 50% Supermarket
2010 2010
2017 2017
6%
15% US$35 US$53
/m /mth
2
/m2/mth
Vacant
Occupancy
85%
94%
Supply
2018 - 2020
760,000m2
Annual average
take up 2014 - 2016
120,000m2
HCMC
Supply 650,000m2
2018 - 2020
Savills Vietnam | 5
EVOLVING
Demographics, Globalisation & Technology
Large, growing youth skewed labour force changing demand Tech users
dynamics
• Internet user (% Pop)
20%
14% 22%
52%
9%
24%
2007 2016
38%
67%
2009
64%
Source: Ministry of Communication, 2017
2025
• Increasing credit card use
6
Globalization and international exposure encourages diversity and more brands
3%
9%
Restaurant
4 149 38%
brands 17% brands Special retail store
Services
Education
Manufacturing
32%
2007 2016
Global brands eyeing Viet Nam. F&B, retail and services leading the charge.
Source: National Office of Intellectual Property of Viet Nam
US$11 BIL
US$4 BIL 647 682
90 93
13 13 20
Savills Vietnam | 7
EVOLVING
Consumption 2011 - 2016
18% 17%
13%
10% 10%
7%
-2%
Vietnam 54.4
Phillipines
40.9
China
24.9
Australia 8.7
Malaysia 7.4
Thailand 6.9
Singapore 6.2
Hongkong 5.3
Newzealand 3.1
Taiwan 2.4
Japan 2.3
South Korea 2.1 Source: Savills, Nielsen & National statistics, 2016
Wanting More
Source: Savills survey, 2017, sample size: 500
Theme
restaurants Indoor Sport
Organic 11% Science Clinic
23% greenhouse Art
Outdoor Museum 1%
16% Gallery
13% sport 1%
11% Live Music
Pet park
9%
15%
8
AWARD WINNING
INTERNATIONAL RECOGNITION
Savills has topped the real estate Savills retained its title as The
agents/advisors in the 2017 UK Times Graduate Employer of
Business Superbrand chart for the Choice for Property for ninth
eighth consecutive year. consecutive year.
Ahead of all industry competitors
Savills Vietnam | 9
ECONOMIC RENT
Sustainable retail development. When revenue exceeds gross occupancy cost. (GOC).
OPERATING
Population Disposable
Income
Entertainment
Clothing
Categories
%
F&B
DEVELOPMENT
10
GOC
AFFORDABLE
Insurance
RENT
Tax
Wages
Rent
$/m2
A. $/m2
B. $/m2
C. $/m2
MARKET
MARKET
RENT
COMPARABLES
AND BENCHMARKING
NOI
Savills Vietnam | 11
OUR SERVICES
Our services are delivered by people who combine entrepreneurial spirit and a deep
understanding of specialist property sectors with the highest standards of client care. We help our
clients to fulfil their real estate needs – whatever and wherever they are.
Disclaimer:
This report is for general informative purposes only. It may not be published, reproduced or quoted in part or in whole, nor may it be used as a basis
for any contract, prospectus, agreement or other document without prior consent. Whilst every effort has been made to ensure its accuracy, Savills
accepts no liability whatsoever for any direct or consequential loss arising from its use. The content is strictly copyright and reproduction of the whole
or part of it in any form is prohibited without written permission from Savills Research.