| Publication date 02 June 2021 | 21:12 ICT
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A trading centre in Ho Chi Minh City. Retail rents are flat in the southern Vietnamese city as the impacts of pandemic linger. NGUOI LAO DONG/VIET NAM NEWS
E-commerce changing VN’s retail property market
Wed, 2 June 2021
The shift toward e-commerce due to the Covid-19 pandemic has brought challenges to Vietnam’s retail property market, according to Savills Vietnam.
“Covid-19 has posed serious challenges within the real estate market, in particular for retailers. The market has witnessed many businesses having to foreclose or reduce operations to remain afloat,” said Tu Thi Hong An, director, Commercial Leasing Ho Chi Minh City, Savills Vietnam.