Landed property continued to attract strong buyer attention despite pandemic effects. New supply was mostly in the West with its abundant land and improving infrastructure.
Mr. Matthew Powell, Director, Savills Hanoi
MACRO INDICATORS
In Q1/2021, gross domestic product growth of 4.5% was positive in the context of the global pandemic. Manufacturing was the main driver, up 9.5% YoY, especially in electronics, mobile phones, and accessories. The first quarter saw trade recovering with estimated revenue of US$153 billion, up 24% YoY, to provide trade surplus of over $2 billion. The USA, China, and EU continue to be the leading export markets. First quarter committed FDI inceased 18.5% YoY, while disbursed FDI was up 6.5%YoY. Tourism struggles continue with just 48,000 arrivals, down 99% YoY.