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Retail property market saw many changes in 2020 due to pandemic: Savills


Retail property market saw many changes in 2020 due to pandemic: Savills
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 02/01/2021
  
12:57
GMT+7
The COVID-19 pandemic caused retail revenue to drop sharply in 2020, impacting the domestic retail property market, according to Savills Vietnam.
However, the market anticipates a revival of the retail sector in the fourth quarter (Q4) of this year and into the first quarter of 2021 due to the important year-end festivals and Tet (Lunar New Year) holiday.
In the third quarter of 2020, retail sales of goods and services (RSGS) eased 0.1 per cent year-on-year, after a Q2 pandemic induced drop of 12 per cent year-on-year. ....

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