Google Yahoo! Myspace YouTube Facebook Live eBay Wikipedia Craigslist Blogger Amazon Go CNN ESPN New York Times Weather About MapQuest Apple Ask Wal-Mart Chase Cnet Bank of America CareerBuilder
International brands scramble for retail space in Vietnam’s commercial centres.
|
Demand for retail space in Vietnam´s large cities is expected to soar in 2010 after the country officially opened the door to international retailers and agreed to abide by WTO commitments.
More international retailers, brands and franchises would be present in Vietnam this year, said CB Richard Ellis Co Vietnam. In recent months international brands have scrambled to secure scarce retail space in downtown commercial centres while restaurant chains are being opened on major streets nationwide.
International consulting group AT Kearney said that Vietnam´s sixth position in worldwide trade growth last year had placed the country on the map as an attractive destination for international distributors.
A preference among consumers to shop at modern shopping centres rather than traditional markets was another factor contributing to demand.
The CBRE said average occupancy rates in Ho Chi Minh City and Hanoi´s retail spaces now stood at 95 and 83 per cent, respectively. With the rising demand for retail space, prices have been
forecast to continue climbing in 2010.
International consulting group AT Kearney said that Vietnam´s sixth position in worldwide trade growth last year had placed the country on the map as an attractive destination for international distributors.
A preference among consumers to shop at modern shopping centres rather than traditional markets was another factor contributing to demand.
The CBRE said average occupancy rates in Ho Chi Minh City and Hanoi´s retail spaces now stood at 95 and 83 per cent, respectively. With the rising demand for retail space, prices have been
forecast to continue climbing in 2010.
Categories
Newsletter
Get each new article from
New York
Your email:
Latest
Mets edge Pirates in Dickey's 11-strikeout gameNew York Seizes Control of Horse-Racing BoardNew York City to get first major natgas line in 40 yearsNew York Taxi Drivers Unsure They Will See Benefits of a Fare HikeNew York Tops London With A Million Dollar Parking SpaceAmerican Idol: Will Jessica Sanchez's Bad Original Song Cost Her The Title?Egyptians to vote in historic presidential electionNorth Korea says it will 'expand' nuclear program in face of U.S. 'hostility'Iran's Ahmadinejad to visit China to discuss nuclear issueRomney adds to delegate lead with win in Kentucky
Tags
Popular
New York cops bust 45 in 'Supreme Team' drug crackdownNew York Tattoo Convention lands at Roseland Ballroom with up to 200 artistsREVEALED: A look inside Britain's most exclusive apartment block as £65m flat at One Hyde Park goes up for saleSenators take aim at Facebook co-founder, who will skip taxes by renouncing citizenshipNew York City Plans to Offer Buyouts to Idled TeachersBeastie Boys' Adam Yauch Honored by New York Senate$90M midtown penthouse tops mark for priciest New York City apartmentDonna Summer, Disco Queen, Dead at 63Popular Antibiotic May Raise Risk of Sudden DeathCalifornia expects Facebook boost
Comments
New York, NY |
|
