Hanoi Market Brief (2020H2EN)
Viet Nam has extensive further potential for development and will remain an attractive investment destination with its rising incomes, political stability, sizable population, and youth skewed demographics. Competition between foreign and local retailers will continue heating up.
It looks as if Covid-19 will end at some point in 2021 with the vaccine coming available, nevertheless it is crucial retailers remain committed to improving customer experiences and applying appropriate health measures when required. The overarching aim is developing more sustainable, flexible, and efficient retail channels.
Ms. Hoang Dieu Trang, Senior Manager, Commercial Leasing, Savills Hanoi
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