ifrs adoption roadmap raises challenges to property businesses

IFRS adoption roadmap raises challenges to property businesses

A recent Ministry of Finance ruling to adopt the International Financial Reporting Standards (IFRS) is set to send ripples across real estate businesses, especially those with extensive asset portfolios. The adoption roadmap commits to improved transparency and brings financial reporting in Vietnam closer to global standards.
positive signals for resurgent vietnamese real estate

Positive signals for resurgent Vietnamese real estate

With early success in virus containment and the economy reopening up, the Vietnamese real estate sector has a solid starting point for resuming post-pandemic. Savills Vietnam managing director Neil MacGregor delves more into the situation with VIR’s Quynh Chau.
local tourists guests to help hospitality industry recover

Local tourists, guests to help hospitality industry recover

Hotels need to appeal more to local corporate guests and tourists to help the hospitality sector recover, market researcher Savills has said.
hotel market expected to recover next year

Hotel market expected to recover next year

The hotel market in Vietnam this year is expected to face a severe decline in room occupancy due to the COVID-19 pandemic and will not recover until next year, industry experts have said.
decree puts focus in right direction

Decree puts focus in right direction

Decree No.41/2020/ND-CP on extending the deadline of tax and land rent fee payments for enterprises, individuals, and business households affected by COVID-19 was issued by the government on April 8. Dr. Su Ngoc Khuong, senior director at Savills Vietnam, explains the decree’s impact on the real estate market.
paving the way back to vibrant business

Paving the way back to vibrant business

Hospitality was among the first industries to be hit by the side effects of the pandemic and likely will take a while to fully recover. Mauro Gasparotti, director of Savills Hotels Asia-Pacific talked with Timeout’s Bich Ngoc on how this sector in general and the MICE business can recover after the pandemic.
experts industrial real estate faring well in 2020

Experts: industrial real estate faring well in 2020

Foreign investors are planning to expand their operations in Vietnam this year, creating an opportunity for industrial property development despite the COVID-19 pandemic, according to experts.
apartments for sale in ho chi minh city drop to five year low

Apartments for sale in Ho Chi Minh City drop to five-year low

Impacted by limited new supply, the number of apartments for sale in Ho Chi Minh City was down 42 per cent in the first quarter of this year compared to the same period of last year, hitting the lowest level in the past five years.
tourism industry predicted to recover rapidly after covid 19

Tourism industry predicted to recover rapidly after COVID-19

Hit hardest by the COVID-19 pandemic, Vietnam’s tourism sector is likely to be one of the first to recover strongly after the pandemic is brought under control, according to an expert from Savills Vietnam.
service apartment show stable development in the real estate market

Service apartment show stable development in the real estate market

With the steady growth of business travel and changing accommodation trends, serviced apartments are becoming an appealing alternative to other forms of property investment.
the evftas grand impacts on vietnams industrial sector

The EVFTA’s grand impacts on Vietnam’s industrial sector

The EU-Vietnam Free Trade Agreement and Investment Protection Agreement raise many hopes for all of Vietnam’s economic sectors. John Campbell, manager of Industrial Services from Savills Vietnam, assesses the impacts of these new agreements on the Vietnamese industrial sector.
spirited bidding battle expected in hospitality

Spirited bidding battle expected in hospitality

Cash flow shortages could put several hospitality developers in Vietnam into financial pressure, forcing them to offer their projects for sale.
vietnams estate companies seek investment opportunities in foreign markets

Vietnam’s estate companies seek investment opportunities in foreign markets

More and more domestic real estate firms have begun to seek investment opportunities in global markets, according to Savills Vietnam.
hanoi real estate market welcomes new year with good news

Hanoi real estate market welcomes New Year with good news

According to a survey announced by many consultancies, the Hanoi real estate market in the last months of 2019 and the beginning of 2020 shows upbeat prospects, with a blooming apartment segment.
fulfilling the potential of the risky condotel market

Fulfilling the potential of the risky condotel market

In light of the Cocobay Danang situation, in which contracts are not being honoured due to unrealistic expectations being placed on the condotel model, Mauro Gasparotti, director of Savills Hotels APAC, writes on his expectations of the condotel market in Vietnam, and what solutions could be found to ease the situation.