Chủ đề: recover

CBRE has forecast that hotel operations in Hanoi will improve over the course of 2022, with room tariffs at 4 and 5-star hotels rising 15 per cent and occupancy reaching 52 per cent, up 21 percentage points compared to 2021. Occupancy at 4 and 5-star hotels in Ho Chi Minh City, meanwhile, will reach 49 per cent, up 20 percentage points.

At the monthly government meeting reviewing March, held on April 4, Prime Minister Pham Minh Chinh said the socio-economy continued to recover strongly in the first quarter despite great pressure. Reports from the meeting show that GDP growth was more than 5 per cent, the CPI under 2 per cent, and the money market, financial stability, and major balances basically secure.

In a recent report, the World Bank (WB) assessed that economic activity in Vietnam is continuing to recover, with a number of bright spots clearly visible, and recommended that the country encourage export enterprises to seek new markets and create new products through global value chains and FTAs to strengthen export resilience.

A pilot program on restarting tourism, introduced in November, has recorded positive results. According to Minister of Culture, Sports and Tourism Nguyen Van Hung, with the nationwide vaccination campaign in full swing, the tourism industry will have many opportunities to recover.

Many localities around Vietnam, such as Ho Chi Minh City and Ha Long Bay in Quang Ninh province, Sapa in Lao Cai province, and Phu Quoc Island in Kien Giang province have welcomed tens of thousands of domestic as well as international tourists in the opening days of 2022, providing hope that tourism is on the path to recovery. It is expected that more than ten flights will re-start in January and February from Singapore, South Korea, Saudi Arabia, and Malaysia to Phu Quoc Island.

The international aviation market needs a boost to recover and support its many businesses.

Recovery in industrial production becoming increasingly evident in fourth quarter.

The following six months is an important period for Vietnam’s economy to recover and develop, Mr. Kidong Park, acting United Nations (UN) Resident Coordinator said at a meeting between himself and heads of UN agencies in Vietnam and the Prime Minister on October 21. He also affirmed that the UN will continue to accompany and support Vietnam along the way.

Hanoi is expected to see the fastest recovery in real estate transactions and supply in the country, possibly by the end of October, while Ho Chi Minh City may see something similar in November and Da Nang in December. Transactions and supply are also likely to be active soon in localities such as Quang Ninh, Hai Phong, Bac Giang, and elsewhere.

Bac Giang authorities have come up with plans to support companies in industrial parks (IPs) to restore production and expect production to be operated again before July 1.

Commenting on the real estate market in 2nd half of 2021, Savills Vietnam believes that there are prospects for recovery in most market segments.