Property market to see new development trends in 2019
Several new development trends are emerging in the real estate market, which is expected to remain strong in 2019 since the economy continues to grow robustly and there is a lot of investment flowing into infrastructure.
Flexible workspaces are becoming more and more popular. (Photo: VNA)
HCM City (VNA) – Severalnew deve𝄹lopment trends are emerging in the real estate market, which isexpected to remain strong in 2019 since the economy continues to grow robustlyand there is a lot of investment flowing into infrastructure.
According to realestate and investment management services firm Jones Lang Lasalle (JLL), in2019 the mid-priced and affordable segment will dominate the market. In HCM City, thesupply of finished apartments in all segments has reached 160,000 units,corresponding to a rate of 17 apartments/1,000 people. At the same time,flexible workspaces are becoming more and more popular around the country,largely due to the limited supply of traditional office space in sought-afterlocations. The market is stillin its infancy though the first serviced office, Regus, has been operatingsince 1999. Flexible space isoften considered the answer to small companies and start-ups’ needs rather thantraditional offices because of reduced costs due to sharing space andfacilities. With the stronggrowth in e-commerce, JLL predicted technology companies would continue to huntfor ideal office buildings and quickly become the main tenant category,providing an opportunity for investors who can build offices in time to keep upwith demand. For technologycompanies, their office location must be able to attract talent and haveconvenient transportation with live-work-play facilities integrated into thesurrounding environment. “The logisticsindustry will grow along with e-commerce,” Stephen Wyatt, general director ofJLL Vietnam, pointed out. In Vietnam, onlineshopping activities are increasing in step with the rapid growth of smart phonesand 4G networks. There is thusincreasing pressure on logistics systems, supply chains, distribution andretail channels, and factories and warehouses. Compared to othercountries in its neighbourhood, Vietnam’s logistics market is still in itsinfancy. The final trend, a“hotel” lifestyle, is expected to be popular with millennials, or people bornbetween 1980 and 2000. People of thisgeneration are unlikely to stay with their parents and prefer to have their ownspace.-VNA
The property market awaits technical standards for the development of small apartments, which may become a trend to deal with the housing crisis caused by the country’s rapid urbanisation.
The real estate market is expected to gain momentum in 2019 thanks to the heat from several billion-USD property projects that received investment certificates in previous years.
Prime Minister Pham Minh Chinh affirmed that science, technology, innovation, digital transformation, green transition, and circular economy are offering limitless opportunities for bilateral collaboration.
The US remained Vietnam’s largest market, accounting for 55% of the country's total wood exports. Key products include wooden furniture, plywood, doors, and handicrafts.
With a clear development strategy, proactive investment attraction and strong policy support for sustainable agriculture, Tay Ninh is positioning itself as a major hub for high-tech livestock farming in the southern region.
As Vietnam’s largest private carrier, Vietjet has been awarded the highest ranking for safety with 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in many consecutive years.
The Vietnam National Petroluem Group (Petrolimex) had acted early to mitigate risks amidst the recent surge in global oil prices driven by the Israel–Iran conflict, Vietnam News Agency cited a Petrolimex representative as saying.
In mid-June, the Vietnam Trade Promotion Agency (VIETRADE) at the Ministry of Industry and Trade (MoIT) in collaboration with Alibaba.com announced a list of 200 outstanding businesses selected to participate in the "Vietnam National Pavilion" in 2025.
Vietnamese seafood processing and export enterprises are in the process of completing procedures and adopting necessary technologies to bring their products into the Halal market.
The PM outlined a dual strategy: revitalising traditional growth engines of investment, exports, and consumption, while accelerating breakthroughs in sci-tech, innovation, digital transformation, and green transition.
The complex, covering a total area of 512 ha, is designed after a multi-functional model, prioritising the preservation of natural landscapes, honouring local beauty, and creating an ideal living area.
He requested delegates to provide objective and honest feedback on what has been achieved, what has not, the consequences, and draw lessons learned for the future. He also emphasised the need to identify key directions and tasks, with a firm resolve to prevent, and eventually eliminate the trafficking of counterfeit medicines and fake food products.
The Ministry of Finance is drafting policies to establish specialised AI and smart industrial parks to raise the technological profile of FDI projects and create spillover effects for local businesses.
Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Flexible workspaces are becoming more and more popular. (Photo: VNA) 
