The document is a market report summarizing economic and real estate market conditions in Vietnam for Q3 2021. Some key points:
- GDP growth rate fell significantly to -6.17% compared to Q3 2020 due to strict social distancing measures. However, FDI increased 4.4% to $22.15 billion, showing continued investor confidence.
- Real estate transactions such as apartment, office, and commercial sales plunged due to the pandemic. However, average apartment prices decreased less than 5% year-over-year in major cities.
- The office market saw declines in rental prices and occupancy rates, especially in Da Nang. However, prices are expected to stabilize or increase slightly as construction
The document provides a market report for Q4 2021, summarizing key economic indicators and real estate trends in Vietnam. It finds that while Vietnam's GDP grew by 5.22% in Q4 2021, the country faced challenges from COVID-19 lockdowns. Real estate prices increased slightly for apartments, offices, and retail across major cities. The report expects modest continued growth in 2022 as vaccination rates increase and the economy reopens further.
The stock market has fallen sharply due to the COVID-19 pandemic, however, economic experts see this as an opportunity for long-term investors. The real estate market is also facing difficulties with reduced demand due to the pandemic and lack of new project launches. In the first quarter of 2020, Ho Chi Minh City only saw the introduction of 5,497 housing units from 11 new real estate projects, down significantly from previous quarters. Both the stock and real estate markets are expected to recover once the pandemic is controlled and economic support policies take effect.
- Vietnam's GDP grew 5.64% in the first half of 2021, higher than the previous year but lower than pre-pandemic levels, as COVID-19 continued to impact the economy.
- Real estate prices increased in both Hanoi and Ho Chi Minh City in Q2 2021, with apartment prices rising 2-15% year-over-year. Office market absorption also improved compared to last year.
- Foreign direct investment and trade deficit were impacted by COVID-19 outbreaks in Vietnam during the quarter, though vaccination progress and economic reopenings in other countries are expected to support recovery in the second half of the year.
The document discusses Vietnam's growing attractiveness as an investment destination due to trade tensions between China and the US. It notes that Vietnam has joined several trade agreements and economic partnerships that improve its business environment. The document also lists companies that have moved or plan to move factories from China to Vietnam, taking advantage of Vietnam's lower costs, young workforce, and strategic location between China and other Asian markets.
Impact of covid 19 on Indian Economy & Banking SectorDr Praveen S
Impact of Covid-19 on indian Economy & Banking Sector
Topics covered:
- What is Covid-19 ((Corona Virus Disease) ?
- Socio - Economic Effects of Covid-19 on global society.
- How Covid-19 hit India?
- Impact of COVID-19 on Indian Economy.
- Impact of COVID-19 on Indian Banking Sector.
- Steps to be taken by Indian Banks.
Vietnam M&A Research Report 2019 - FiinResearchFiinGroup JSC
FiinGroup is pleased to present our intensive report of Vietnam M&A 2019, the 9th issue of this report. This report presents the extensive data mining of M&A deals in Vietnam in the reviewed period, as well as analysis by key investors and industries where we recognize potential investment opportunities in the near future.
The research provides latest information on market activities as well as competition landscape of M&A in Vietnam. Three main segments of M&A categories including (i) Inbound M&A, which is when a foreign company merges with or acquires a domestic company) (ii) Domestic M&A, which is when two domestic companies merge with or acquire other (iii) Outbound, which is when a domestic company merges with or acquires a foreign company.
The economies are integrate with each other and nations need cooperation and coordination among themselves to overcome the economic crisis. Moreover, the nations should co-operate, coordinate and help each other to fight against Coronavirus. Subject to immediate relief from pandemic, the economic recovery from this fatal disease is only possible by 2021. It has already left severe impacts on the global economy and the countries face multiple difficulties to bring it back in a stable condition.
The document provides a market report for Q4 2021, summarizing key economic indicators and real estate trends in Vietnam. It finds that while Vietnam's GDP grew by 5.22% in Q4 2021, the country faced challenges from COVID-19 lockdowns. Real estate prices increased slightly for apartments, offices, and retail across major cities. The report expects modest continued growth in 2022 as vaccination rates increase and the economy reopens further.
The stock market has fallen sharply due to the COVID-19 pandemic, however, economic experts see this as an opportunity for long-term investors. The real estate market is also facing difficulties with reduced demand due to the pandemic and lack of new project launches. In the first quarter of 2020, Ho Chi Minh City only saw the introduction of 5,497 housing units from 11 new real estate projects, down significantly from previous quarters. Both the stock and real estate markets are expected to recover once the pandemic is controlled and economic support policies take effect.
- Vietnam's GDP grew 5.64% in the first half of 2021, higher than the previous year but lower than pre-pandemic levels, as COVID-19 continued to impact the economy.
- Real estate prices increased in both Hanoi and Ho Chi Minh City in Q2 2021, with apartment prices rising 2-15% year-over-year. Office market absorption also improved compared to last year.
- Foreign direct investment and trade deficit were impacted by COVID-19 outbreaks in Vietnam during the quarter, though vaccination progress and economic reopenings in other countries are expected to support recovery in the second half of the year.
The document discusses Vietnam's growing attractiveness as an investment destination due to trade tensions between China and the US. It notes that Vietnam has joined several trade agreements and economic partnerships that improve its business environment. The document also lists companies that have moved or plan to move factories from China to Vietnam, taking advantage of Vietnam's lower costs, young workforce, and strategic location between China and other Asian markets.
Impact of covid 19 on Indian Economy & Banking SectorDr Praveen S
Impact of Covid-19 on indian Economy & Banking Sector
Topics covered:
- What is Covid-19 ((Corona Virus Disease) ?
- Socio - Economic Effects of Covid-19 on global society.
- How Covid-19 hit India?
- Impact of COVID-19 on Indian Economy.
- Impact of COVID-19 on Indian Banking Sector.
- Steps to be taken by Indian Banks.
Vietnam M&A Research Report 2019 - FiinResearchFiinGroup JSC
FiinGroup is pleased to present our intensive report of Vietnam M&A 2019, the 9th issue of this report. This report presents the extensive data mining of M&A deals in Vietnam in the reviewed period, as well as analysis by key investors and industries where we recognize potential investment opportunities in the near future.
The research provides latest information on market activities as well as competition landscape of M&A in Vietnam. Three main segments of M&A categories including (i) Inbound M&A, which is when a foreign company merges with or acquires a domestic company) (ii) Domestic M&A, which is when two domestic companies merge with or acquire other (iii) Outbound, which is when a domestic company merges with or acquires a foreign company.
The economies are integrate with each other and nations need cooperation and coordination among themselves to overcome the economic crisis. Moreover, the nations should co-operate, coordinate and help each other to fight against Coronavirus. Subject to immediate relief from pandemic, the economic recovery from this fatal disease is only possible by 2021. It has already left severe impacts on the global economy and the countries face multiple difficulties to bring it back in a stable condition.
The COVID-19 pandemic is having a severe impact on the Indian economy through both demand and supply-side shocks. On the demand side, sectors like tourism, hospitality, aviation, and retail are facing major declines. Consumption is falling due to job losses and income declines. Supply chains have been disrupted by factory shutdowns in China. Exports are down as key markets like China have slowed. Multilateral agencies have significantly lowered India's growth projections for 2020 and 2021. The Indian government and RBI need to take steps like lowering interest rates, increasing liquidity support, easing credit policies, and increasing fiscal spending to mitigate the economic impacts of the pandemic.
The COVID-19 pandemic is expected to have significant impacts on global migration and remittance flows in 2020-2021. Lockdowns and travel bans have brought economic activity to a near standstill worldwide. Migrant workers are particularly vulnerable to losing their jobs and wages during the crisis. Remittance flows to low- and middle-income countries are projected to decline by around 20% in 2020 due to the economic downturn and loss of migrant worker incomes. The crisis could also slow progress on reducing remittance costs and achieving other migration-related development goals. Governments need policies that support migrants, remittances, and vulnerable populations both during the pandemic and in its aftermath.
This 2020 issue provides the latest information on current supply – demand situation in Vietnam cement sector with the in-depth analysis on key growth drivers, outlook for 2020 as well as forecast analysis until 2030. Especially, the analysis on retail bagged cement price for PCB30 and PCB40 by region and key brands is also included in this report.
Data Digest #9: Vietnam Stock Market: Embracing New Normal amidst COVID!FiinGroup JSC
COVID-related impacts on the Value could be somehow predictable. In this Report, we conduct an in-depth analysis on factors determining SUPPLY in correlation with DEMAND, instead of purely analyzing corporate fundamentals like before. Under the current circumstance, factors determining DEMAND or affecting money flow and investor sentiment, in our view, are the most important and need taking into serious consideration.
We are trying to make a plenty of data-driven comparisons on impacts of different COVID waves (the first in Q1-2020 and the fourth now) to support you in having assessments on your own. Accordingly, this Report aims to give in-depth analysis and data-driven findings on which sectors or companies could be beneficiaries from the pandemic, especially once the “Embracing the Covid-19” strategy is confirmed.
Download our full report: https://bit.ly/FiinPro-Digest-9-EN
The document discusses the impact of Covid-19 on various sectors of the Indian economy including pharma, banking, and IT. It analyzes key companies within these sectors and finds that while some pharma companies like Sun Pharma were negatively impacted, others like Cipla and Alkem Labs grew profits during the pandemic. Banking was also not significantly impacted, with leading banks like HDFC, Kotak Mahindra, and SBI performing well or growing profits. Within IT, TCS saw declines but HCL and Infosys continued growing revenue and profits amid the pandemic. Overall the analysis found that pharma, banking and IT were sectors that were relatively resilient or grew during the crisis.
Impact of COVID-19 on Indian Economy: 28th November 2020Sam Ghosh
Indian economy entered a technical recession with two consecutive quarters of GDP contraction in Q2 of FY 2020-21. Results released by the National Statistical Office shows that the GDP of India during the H1 of FY 2020-21 contracted by 15.7% at Constant (2011-12) Prices and 13.3% at Current Prices. While quarterly GDP in Q2 FY 2020-21 in rupee terms improved from Q1 FY 2020-21 by 23% at Constant Prices and 24% at Current Prices, it is still 7.5% and 4% lower than Q2 of FY 2019-20 at Constant and Current Prices respectively. The contraction was caused by a drastic drop in private consumption (which contributes around 60% of Indian GDP) and a drop in gross fixed capital formation.
The policy repo rate has been reduced by 115 basis points from the beginning of 2020 to record low levels. Apart from that, RBI is injecting liquidity through various Open Market Operations and Long Term Repo Operations. Currency with the public increased by ~20% from the end of 2019 to the end of October 2020. We can safely say that the Indian economy is flushed with liquidity.
Consumer inflation remains above the policy range of 4%+2%, and with a GDP contraction, the Indian economy is dealing with stagflation.
On the fiscal front, total monthly receipts remained lower than the same period last year for the whole Q1 and Q2 (April - September) FY 2020-21. October receipts show signs of improvement. Fiscal expenditure on the other hand was maintained at the same levels of FY 2019-20 in FY 2020-21 till October. The fiscal deficit stood at 119.7% of the Budget Estimates as of October 2020 due to lower receipts.
Credit growth remains sluggish especially due to lower credit uptake by the industry. Credit demand for smaller companies was low from the beginning of fiscal 2020-21 which improved after August. Credit uptake by the large corporates dropped after July 2020.
Household savings increased dramatically from Rs.5.32 lakh crores in Q4 of FY 2019-20 to Rs. 8.16 lakh crores in Q1 of FY 2020-21 - a more than 50% increase. Most of the increase in household savings resulted from an aversion to liabilities. It signifies that the households turned conservative about their finances to deal with impending financial distress.
The unemployment rate shot-up in April and May 2020 above 20% and moderated to below 10% levels after June 2020. Employees' Provident Fund records show healthy job creation in September 2020.......
The OECD interim economic assessment report provides the following key points:
1) The coronavirus outbreak has weakened the global economic outlook, with global GDP growth projected to slow to 2.4% in 2020 from 2.9% in 2019, before recovering to around 3.25% in 2021.
2) China's economy has been significantly impacted by containment efforts, disrupting global supply chains and lowering demand for exports. Other economies are also feeling effects from their own outbreaks.
3) Considerable uncertainty remains around the outlook depending on the duration and spread of the virus. A more prolonged or widespread outbreak would weaken prospects considerably with global growth potentially dropping to 1.5% in 2020.
The pharmaceutical sector has been impacted by COVID-19 in several ways. Production of active pharmaceutical ingredients has slowed down due to lockdowns in major producing countries like China and India, resulting in higher costs and less availability of materials. Digital health solutions are gaining popularity as people turn to telemedicine and health apps during the pandemic. The supply and distribution of medicines and medical supplies has also been disrupted. Certain drugs, especially generics, have faced shortages as supply was managed through existing inventory for the first two months of disruptions.
ANALYSIS OF ALL SECTORS OF INDIAN ECONOMY.
An analysis of the consumer retail sector (including food and beverage, apparel and footwear, beauty), automotive, travel, and hospitality services.
Security Analysis Project on Tata Global BeveragesShameem Hamed
The document discusses India's economic performance in 2010-2011. It covers GDP growth, inflation, foreign trade, foreign investments, forex reserves, and corporate sector performance. It then provides an overview of India's FMCG sector, including key categories and companies. The FMCG sector contributed around Rs. 90,000 crores annually and is a major part of the Indian economy and services sector. Major players like HUL, Marico and Nestle have increased market share in key categories.
Macroeconomic Developments Report. December 2018Latvijas Banka
Macroeconomic Developments Report:
External Demand;
Financial Conditions;
Sectoral Development;
GDP Analysis from the Demand Side;
Labour Market;
Costs and Prices;
Conclusions and Forecasts;
The Fiscal Impact of Inequality Measures. Analysis of Scenarios.
Understanding Covid-19 from charts and its impact on Stock MarketCovidliveInfo
This document discusses the impact of Covid-19 on the stock market. It provides an overview of Covid-19 cases globally and in India. It also presents charts showing the rapid growth of Covid-19 cases and decreasing number of days for cases to double. The document then examines the impact on stock markets in the US and India, with both seeing sharp declines from their pre-Covid highs. It analyzes the sector-wise impact, finding that banking, aviation, tourism and hospitality saw major declines, while pharmaceuticals and IT saw less impact.
The Estonian Economy, No. 1 - June 21, 2012Swedbank
The Estonian economy is expected to see more stable growth in 2012, led by strengthening domestic demand and investments. In the first quarter of 2012, GDP growth slowed to 3.7% year-over-year as export growth declined and imports increased. Private consumption growth remains strong, supported by improving labor market conditions. Investment growth is projected to be robust in 2012, driven by public sector investments financed by EU funds and revenues from carbon quotas, as well as capacity constraints in manufacturing inducing private investments. Exports are expected to grow more slowly in 2012 as demand from trade partners softens.
This document provides a weekly media update from Balmer Lawrie mentioning several news articles from various Indian publications covering topics like the potential economic impact of the coronavirus outbreak on the Indian economy, cuts to GDP growth forecasts, a narrowing of India's current account deficit, a rise in exports for the first time in seven months, and the government establishing Covid-19 facilities with support from seven ministries.
Vietnam has experienced strong GDP growth in recent years but also has several weaknesses in its economy. It has a skilled workforce and diverse exports but also has a frail banking system, corruption, and tensions with China. A new government was elected in 2016 and Vietnam joined the Trans-Pacific Partnership, which may help offset its economic dependence on China and open new trade channels with the US. However, several reforms have been delayed and state-owned enterprises have only been partially privatized, while the country still lacks transparency.
- The document discusses the impact of COVID-19 on the Indian economy and various sectors. It notes that sectors like tourism, hospitality, aviation have been hit the hardest and consumption is declining due to job losses and falling incomes. The financial markets have also become volatile.
- On the supply side, factory shutdowns and delays in supplies from China are impacting manufacturing. Exports are also declining. Agriculture and poultry, aviation, tourism, education, and entertainment have all faced major disruptions and losses.
- Suggestions provided include financial aid and support for impacted sectors, promoting digital payments, and according essential service status to fintech companies to support the financial system.
Impact of COVID-19 on Indian Economy: 9th September 2020Sam Ghosh
- The GDP of India contracted by 23.9% in Q1 FY 2020-21, the largest contraction on record, due to the COVID-19 lockdown.
- All sectors of the economy declined sharply except government spending, which increased. Credit growth turned negative for the first time.
- In response, the RBI and GOI implemented numerous monetary and fiscal policies including interest rate cuts, moratoriums on loans, increased liquidity injections, and credit guarantees to support the economy.
*There is also a major impact in the tourism sector as many tourist from China come to India for site seeing and enjoying and it also affected the airline businesses a lot also.
The document discusses the impact of COVID-19 on the Indian economy. It notes that India reported its first COVID-19 case in January 2020. The pandemic caused a catastrophic health crisis and the lockdown measures implemented in March 2020 had a significant negative impact on various economic sectors in India like tourism, manufacturing, and MSMEs. This led to a sharp rise in unemployment and fall in GDP. The government announced various economic relief packages to support the economy during the crisis.
Impact of covid 19 virus on trade and commerceShubhada Gala
The document summarizes the impact of the COVID-19 pandemic on trade, commerce, and the economy in India. It outlines key dates in the spread of the virus in India and globally. It then discusses the effects on various sectors including GDP, agriculture, stock markets, employment, demographics, and specific industries. Government relief measures are also summarized, but it is noted that the scale of spending is inadequate compared to the enormous problems caused by the pandemic.
Report on Indonesia Financial Sector Development Q2 2023.pdfraeyans
Indonesia's economy demonstrated strong performance in Q2 2023, with stable monetary indicators, high investment realization, and rising manufacturing activity. Inflation declined as food prices stabilized. The financial sector also remained stable, supported by ample liquidity and robust capital. Global economic growth is projected to improve in 2023, though inflation pressures persist in most countries.
Korea Financial Market Review_202101_0609. The Bank of Korea expects South Ko...Ethan lee
While the global economy is generally recovering, uncertainty persists due to the recurrence and prolongation of the COVID-19 pandemic and Korea's manufacturing sector is recovering, the service sector continues to experience a slowdown due to COVID-19.
The Bank of Korea expects South Korea's economic growth to recover to a range of 2.1-4.8% in 2021, predicting that the country's economy will recover to 3.0% growth this year as the global economy continues to improve moderately due to the impact of stimulus programs in major economies and improving global investor sentiment.
The COVID-19 pandemic is having a severe impact on the Indian economy through both demand and supply-side shocks. On the demand side, sectors like tourism, hospitality, aviation, and retail are facing major declines. Consumption is falling due to job losses and income declines. Supply chains have been disrupted by factory shutdowns in China. Exports are down as key markets like China have slowed. Multilateral agencies have significantly lowered India's growth projections for 2020 and 2021. The Indian government and RBI need to take steps like lowering interest rates, increasing liquidity support, easing credit policies, and increasing fiscal spending to mitigate the economic impacts of the pandemic.
The COVID-19 pandemic is expected to have significant impacts on global migration and remittance flows in 2020-2021. Lockdowns and travel bans have brought economic activity to a near standstill worldwide. Migrant workers are particularly vulnerable to losing their jobs and wages during the crisis. Remittance flows to low- and middle-income countries are projected to decline by around 20% in 2020 due to the economic downturn and loss of migrant worker incomes. The crisis could also slow progress on reducing remittance costs and achieving other migration-related development goals. Governments need policies that support migrants, remittances, and vulnerable populations both during the pandemic and in its aftermath.
This 2020 issue provides the latest information on current supply – demand situation in Vietnam cement sector with the in-depth analysis on key growth drivers, outlook for 2020 as well as forecast analysis until 2030. Especially, the analysis on retail bagged cement price for PCB30 and PCB40 by region and key brands is also included in this report.
Data Digest #9: Vietnam Stock Market: Embracing New Normal amidst COVID!FiinGroup JSC
COVID-related impacts on the Value could be somehow predictable. In this Report, we conduct an in-depth analysis on factors determining SUPPLY in correlation with DEMAND, instead of purely analyzing corporate fundamentals like before. Under the current circumstance, factors determining DEMAND or affecting money flow and investor sentiment, in our view, are the most important and need taking into serious consideration.
We are trying to make a plenty of data-driven comparisons on impacts of different COVID waves (the first in Q1-2020 and the fourth now) to support you in having assessments on your own. Accordingly, this Report aims to give in-depth analysis and data-driven findings on which sectors or companies could be beneficiaries from the pandemic, especially once the “Embracing the Covid-19” strategy is confirmed.
Download our full report: https://bit.ly/FiinPro-Digest-9-EN
The document discusses the impact of Covid-19 on various sectors of the Indian economy including pharma, banking, and IT. It analyzes key companies within these sectors and finds that while some pharma companies like Sun Pharma were negatively impacted, others like Cipla and Alkem Labs grew profits during the pandemic. Banking was also not significantly impacted, with leading banks like HDFC, Kotak Mahindra, and SBI performing well or growing profits. Within IT, TCS saw declines but HCL and Infosys continued growing revenue and profits amid the pandemic. Overall the analysis found that pharma, banking and IT were sectors that were relatively resilient or grew during the crisis.
Impact of COVID-19 on Indian Economy: 28th November 2020Sam Ghosh
Indian economy entered a technical recession with two consecutive quarters of GDP contraction in Q2 of FY 2020-21. Results released by the National Statistical Office shows that the GDP of India during the H1 of FY 2020-21 contracted by 15.7% at Constant (2011-12) Prices and 13.3% at Current Prices. While quarterly GDP in Q2 FY 2020-21 in rupee terms improved from Q1 FY 2020-21 by 23% at Constant Prices and 24% at Current Prices, it is still 7.5% and 4% lower than Q2 of FY 2019-20 at Constant and Current Prices respectively. The contraction was caused by a drastic drop in private consumption (which contributes around 60% of Indian GDP) and a drop in gross fixed capital formation.
The policy repo rate has been reduced by 115 basis points from the beginning of 2020 to record low levels. Apart from that, RBI is injecting liquidity through various Open Market Operations and Long Term Repo Operations. Currency with the public increased by ~20% from the end of 2019 to the end of October 2020. We can safely say that the Indian economy is flushed with liquidity.
Consumer inflation remains above the policy range of 4%+2%, and with a GDP contraction, the Indian economy is dealing with stagflation.
On the fiscal front, total monthly receipts remained lower than the same period last year for the whole Q1 and Q2 (April - September) FY 2020-21. October receipts show signs of improvement. Fiscal expenditure on the other hand was maintained at the same levels of FY 2019-20 in FY 2020-21 till October. The fiscal deficit stood at 119.7% of the Budget Estimates as of October 2020 due to lower receipts.
Credit growth remains sluggish especially due to lower credit uptake by the industry. Credit demand for smaller companies was low from the beginning of fiscal 2020-21 which improved after August. Credit uptake by the large corporates dropped after July 2020.
Household savings increased dramatically from Rs.5.32 lakh crores in Q4 of FY 2019-20 to Rs. 8.16 lakh crores in Q1 of FY 2020-21 - a more than 50% increase. Most of the increase in household savings resulted from an aversion to liabilities. It signifies that the households turned conservative about their finances to deal with impending financial distress.
The unemployment rate shot-up in April and May 2020 above 20% and moderated to below 10% levels after June 2020. Employees' Provident Fund records show healthy job creation in September 2020.......
The OECD interim economic assessment report provides the following key points:
1) The coronavirus outbreak has weakened the global economic outlook, with global GDP growth projected to slow to 2.4% in 2020 from 2.9% in 2019, before recovering to around 3.25% in 2021.
2) China's economy has been significantly impacted by containment efforts, disrupting global supply chains and lowering demand for exports. Other economies are also feeling effects from their own outbreaks.
3) Considerable uncertainty remains around the outlook depending on the duration and spread of the virus. A more prolonged or widespread outbreak would weaken prospects considerably with global growth potentially dropping to 1.5% in 2020.
The pharmaceutical sector has been impacted by COVID-19 in several ways. Production of active pharmaceutical ingredients has slowed down due to lockdowns in major producing countries like China and India, resulting in higher costs and less availability of materials. Digital health solutions are gaining popularity as people turn to telemedicine and health apps during the pandemic. The supply and distribution of medicines and medical supplies has also been disrupted. Certain drugs, especially generics, have faced shortages as supply was managed through existing inventory for the first two months of disruptions.
ANALYSIS OF ALL SECTORS OF INDIAN ECONOMY.
An analysis of the consumer retail sector (including food and beverage, apparel and footwear, beauty), automotive, travel, and hospitality services.
Security Analysis Project on Tata Global BeveragesShameem Hamed
The document discusses India's economic performance in 2010-2011. It covers GDP growth, inflation, foreign trade, foreign investments, forex reserves, and corporate sector performance. It then provides an overview of India's FMCG sector, including key categories and companies. The FMCG sector contributed around Rs. 90,000 crores annually and is a major part of the Indian economy and services sector. Major players like HUL, Marico and Nestle have increased market share in key categories.
Macroeconomic Developments Report. December 2018Latvijas Banka
Macroeconomic Developments Report:
External Demand;
Financial Conditions;
Sectoral Development;
GDP Analysis from the Demand Side;
Labour Market;
Costs and Prices;
Conclusions and Forecasts;
The Fiscal Impact of Inequality Measures. Analysis of Scenarios.
Understanding Covid-19 from charts and its impact on Stock MarketCovidliveInfo
This document discusses the impact of Covid-19 on the stock market. It provides an overview of Covid-19 cases globally and in India. It also presents charts showing the rapid growth of Covid-19 cases and decreasing number of days for cases to double. The document then examines the impact on stock markets in the US and India, with both seeing sharp declines from their pre-Covid highs. It analyzes the sector-wise impact, finding that banking, aviation, tourism and hospitality saw major declines, while pharmaceuticals and IT saw less impact.
The Estonian Economy, No. 1 - June 21, 2012Swedbank
The Estonian economy is expected to see more stable growth in 2012, led by strengthening domestic demand and investments. In the first quarter of 2012, GDP growth slowed to 3.7% year-over-year as export growth declined and imports increased. Private consumption growth remains strong, supported by improving labor market conditions. Investment growth is projected to be robust in 2012, driven by public sector investments financed by EU funds and revenues from carbon quotas, as well as capacity constraints in manufacturing inducing private investments. Exports are expected to grow more slowly in 2012 as demand from trade partners softens.
This document provides a weekly media update from Balmer Lawrie mentioning several news articles from various Indian publications covering topics like the potential economic impact of the coronavirus outbreak on the Indian economy, cuts to GDP growth forecasts, a narrowing of India's current account deficit, a rise in exports for the first time in seven months, and the government establishing Covid-19 facilities with support from seven ministries.
Vietnam has experienced strong GDP growth in recent years but also has several weaknesses in its economy. It has a skilled workforce and diverse exports but also has a frail banking system, corruption, and tensions with China. A new government was elected in 2016 and Vietnam joined the Trans-Pacific Partnership, which may help offset its economic dependence on China and open new trade channels with the US. However, several reforms have been delayed and state-owned enterprises have only been partially privatized, while the country still lacks transparency.
- The document discusses the impact of COVID-19 on the Indian economy and various sectors. It notes that sectors like tourism, hospitality, aviation have been hit the hardest and consumption is declining due to job losses and falling incomes. The financial markets have also become volatile.
- On the supply side, factory shutdowns and delays in supplies from China are impacting manufacturing. Exports are also declining. Agriculture and poultry, aviation, tourism, education, and entertainment have all faced major disruptions and losses.
- Suggestions provided include financial aid and support for impacted sectors, promoting digital payments, and according essential service status to fintech companies to support the financial system.
Impact of COVID-19 on Indian Economy: 9th September 2020Sam Ghosh
- The GDP of India contracted by 23.9% in Q1 FY 2020-21, the largest contraction on record, due to the COVID-19 lockdown.
- All sectors of the economy declined sharply except government spending, which increased. Credit growth turned negative for the first time.
- In response, the RBI and GOI implemented numerous monetary and fiscal policies including interest rate cuts, moratoriums on loans, increased liquidity injections, and credit guarantees to support the economy.
*There is also a major impact in the tourism sector as many tourist from China come to India for site seeing and enjoying and it also affected the airline businesses a lot also.
The document discusses the impact of COVID-19 on the Indian economy. It notes that India reported its first COVID-19 case in January 2020. The pandemic caused a catastrophic health crisis and the lockdown measures implemented in March 2020 had a significant negative impact on various economic sectors in India like tourism, manufacturing, and MSMEs. This led to a sharp rise in unemployment and fall in GDP. The government announced various economic relief packages to support the economy during the crisis.
Impact of covid 19 virus on trade and commerceShubhada Gala
The document summarizes the impact of the COVID-19 pandemic on trade, commerce, and the economy in India. It outlines key dates in the spread of the virus in India and globally. It then discusses the effects on various sectors including GDP, agriculture, stock markets, employment, demographics, and specific industries. Government relief measures are also summarized, but it is noted that the scale of spending is inadequate compared to the enormous problems caused by the pandemic.
Report on Indonesia Financial Sector Development Q2 2023.pdfraeyans
Indonesia's economy demonstrated strong performance in Q2 2023, with stable monetary indicators, high investment realization, and rising manufacturing activity. Inflation declined as food prices stabilized. The financial sector also remained stable, supported by ample liquidity and robust capital. Global economic growth is projected to improve in 2023, though inflation pressures persist in most countries.
Korea Financial Market Review_202101_0609. The Bank of Korea expects South Ko...Ethan lee
While the global economy is generally recovering, uncertainty persists due to the recurrence and prolongation of the COVID-19 pandemic and Korea's manufacturing sector is recovering, the service sector continues to experience a slowdown due to COVID-19.
The Bank of Korea expects South Korea's economic growth to recover to a range of 2.1-4.8% in 2021, predicting that the country's economy will recover to 3.0% growth this year as the global economy continues to improve moderately due to the impact of stimulus programs in major economies and improving global investor sentiment.
VietinBank IR Presentation_Reviewed 1H2019ngothithungan1
The document is a presentation for 1H2019 that provides an overview of Vietnam's macroeconomic environment and banking sector, as well as general information about VietinBank. Some key points include:
- GDP and CPI growth were lower in 2Q2019 compared to the same period last year, but PMI and import/export turnover reached their highest levels for the first half of the year.
- The banking sector saw stable exchange rates, guaranteed liquidity, and credit growth of over 7%.
- VietinBank is one of Vietnam's leading banks, with a strong governance structure and network of domestic and international branches. The presentation highlights its solid performance and investment potential.
The document is a presentation for 1H2019 covering macroeconomic trends in Vietnam and an overview of VietinBank. It discusses GDP growth, inflation, manufacturing activity, trade levels, FDI and the banking sector environment. For VietinBank specifically, it provides details on its history, governance structure, organizational structure and highlights its large capital base, extensive branch network, strong brand and client base, and shareholder structure which includes the State Bank of Vietnam.
The document is an IR presentation for 2Q2019 that provides an overview of Vietnam's macroeconomic environment and banking sector, as well as general information about VietinBank. It discusses GDP growth, CPI, PMI, import/export levels, FDI trends, and exchange rates. It notes GDP growth was lower in 2Q2019 than the previous year but higher than 2011-2017. Inflation increased but was controlled. The manufacturing PMI index reached its highest level for 1H2019 in June. Total import-export turnover reached a record high. FDI continued to prosper in 1H2019. The exchange rate rose in May and decreased in June. The banking sector saw guaranteed liquidity and stable interest rates.
The quarterly macroeconomic report for Romania provides the following key points:
1) Third quarter GDP growth was 8.8% year-over-year, driven mainly by agriculture, industry, and trade. However, growth is expected to slow to 4% in 2018.
2) Inflation reached 3.3% in December and is expected to peak in the first quarter of 2018 before averaging 4% for the year. The central bank has begun tightening monetary policy in response.
3) The 2018 budget deficit is planned at 3% of GDP, which could continue weighing on investments in the short-term. However, public debt remains sustainable.
Read and follow the top economic indicators for Vietnam, M&A activity, and major developments in finance, banking, and legal. Published Monthly with contribution from LNT & Partners Law Firm.
The document is an IR presentation that provides an overview of Vietnam's macroeconomics, banking sector, and highlights of VietinBank. It discusses Vietnam achieving its highest GDP growth in 9 years and inflation being controlled at a low level. Export and import turnover reached record surpluses while FDI continued to prosper. The banking sector saw guaranteed liquidity and slightly higher deposit rates. The presentation then provides details on VietinBank, including its strong governance structure and organizational setup, as well as investment highlights such as its large charter capital, network, brand, and shareholder base.
This document is an IR presentation for 3Q2018 that provides an overview of Vietnam's macroeconomic environment and banking sector, as well as information about VietinBank. The presentation discusses Vietnam achieving its highest GDP growth since 2011 in 3Q2018 at 6.88% YoY. Inflation was up 3.57% YoY for 3Q2018 while the PMI fell for the third straight month to 51.5, indicating slowing manufacturing growth. Exports were up 15.4% for the first 9 months of 2018 while imports rose 11.8%, resulting in a trade surplus. FDI registrations decreased 3% YoY in 3Q2018 but disbursements rose 6%. The USD/VND exchange
The document analyzes the impact of the COVID-19 pandemic on Vietnam's economy, using case studies of the tourism and textiles/garment industries. It finds:
1) Vietnam's GDP growth declined significantly in the third quarter of 2020 due to the pandemic's effects. Over 83% of Vietnamese enterprises were affected through reduced demand, supply chain disruptions, and lack of capital.
2) International tourism to Vietnam dropped dramatically, decreasing over 80% in the first two quarters of 2020. This caused job losses in the tourism industry and bankruptcies of some hotels and restaurants.
3) While Vietnam's exports increased in 2020, imports declined, resulting in supply chain disruptions for industries like text
This document summarizes Indonesia's economic outlook for Q1 2019. Key points include:
- GDP growth is projected to be 5.1% in Q4 2018, 5.1-5.2% in 2018, and 5.2-5.3% in 2019.
- Consumption growth is expected to exceed 5% in 2018 and accelerate in 2019 if inflation remains under control.
- The current account deficit is predicted to continue widening in Q4 2018 but improve slightly in Q1 2019.
- Lower oil prices and easing trade tensions between the US and China have improved market sentiment.
This document summarizes Indonesia's economic outlook for Q1 2019. It finds that GDP growth was 5.1% in Q4 2018 and is projected to be 5.1-5.2% for FY2018 and 5.2-5.3% for FY2019. Inflation was 3.13% in December 2018 and the current account deficit was 3.37% in Q3 2018. Overall, external pressures on the economy are expected to be lower in Q1 2019 due to improved capital flows, lower oil prices, and US-China trade negotiations.
The document provides an overview of Vietnam's economy and real estate market in recent months. It can be summarized as follows:
1. Vietnam's GDP growth was 6.98% in the first 9 months of 2019, the highest in 9 years, led by industry and services. Inflation remained low at 2.5%. Exports and imports were both up 8.4% year-to-date.
2. Industrial real estate has attracted significant investment in 2019. Japan invested $177 million to expand industrial parks. The conversion of Bien Hoa Industrial Zone 1 to a smart urban area was also announced.
3. Vietnam's stock and real estate markets have also grown, with the VN
The document provides an overview of Vietnam's socio-economic situation and labor market in the post-pandemic period. Key points include:
- GDP growth recovered to over 7% in 2022 after being impacted by COVID-19. Unemployment decreased while the number of new business registrations increased.
- The labor force participation rate declined significantly, posing challenges for economic recovery. Minimum wages saw a 6% increase in July 2022.
- Over 116,000 new enterprises were established in the first half of 2022, while around 83,000 enterprises withdrew from the market, mainly temporarily ceasing operations.
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- The Hanoi residential market experienced a decline in sales transactions in Q1 2016, down 34% quarter-over-quarter. However, demand remained strong for high-end and mid-end properties.
- Average primary prices were stable, while secondary prices decreased slightly for villas but increased for townhouses. Price growth was highest in decentralised districts like Ha Dong.
- New supply increased significantly in Q1 2016 with over 4,400 new units launched, located primarily in Ha Dong, Tu Liem, and West Lake districts. Abundant new launches are expected in coming quarters as well.
Colliers Vietnam Q1 2014 Investment Report: Read and follow the top economic indicators for Vietnam, M&A activity, and major developments in finance, banking, and legal. Published Monthly with contribution from LNT & Partners Law Firm.
This document provides Italy's draft budgetary plan for 2019. It summarizes recent economic trends in Italy, including slowing GDP growth and employment gains. It then outlines the government's macroeconomic and fiscal targets over 2019-2021, including a planned reduction in the budget deficit from 2.4% of GDP in 2019 to 1.8% by 2021. The plan expects GDP growth to accelerate to 1.5% in 2019 and above 1.6% in 2020-2021, driven by stronger domestic demand, exports, and employment growth. Public investment is forecasted to rise to support the economic expansion.
The economy in Romania grew more slowly in the first quarter of 2018 compared to the fourth quarter of 2017. GDP growth was 4% year-over-year in Q1 2018, down from 6.7% in Q4 2017. The budget deficit also increased in Q1 2018 to 0.5% of GDP due to higher spending outpacing revenue growth. Inflation is expected to stabilize later in 2018 and end the year around 3.6% as the central bank has raised interest rates three times in 2018 to cool the economy. Lending to households remains strong while corporate lending has slowed with the moderating economy.
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Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
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If you're Planning to Build a House in Haldwani, Understanding the House Construction Cost in Haldwani is crucial. It's important to grasp the direct and indirect cost factors entailed in the Construction process before Initiating any work. This Understanding is pivotal for Efficient Budget allocation, allowing you to plan your finances more Effectively. Construction expenses can vary Significantly, Influenced by Diverse Elements such as site Location, raw material prices, Labour charges, and various other variables. Here at Geomatrix, we pride Ourselves on offering competitive rates for house construction in Haldwani, ensuring affordability without Compromising on quality and providing the best options within your budget. For a precise evaluation of the cost involved in constructing your dream home, consult our team of architects and construction experts.
For more information visit:
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The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
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Reliable Structure:
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Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
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Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
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The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
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AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyListing Turkey
Looking for a new home in Istanbul? Look no further than Avrupa Konutlari Esentepe! Our beautifully designed homes provide the perfect blend of luxury and comfort, making them the perfect choice for anyone looking for a high-quality home in the city.
With a wide range of apartment types available, from 1+1 to 4+1, we have something to suit every need and budget. Each apartment is designed with attention to detail and features spacious and bright living areas, making them the perfect place to relax and unwind after a long day.
One of the things that sets Avrupa Konutlari Esentepe apart from other developments is our focus on creating a community that is both comfortable and convenient. Our homes are surrounded by lush green spaces, perfect for enjoying a peaceful stroll or having a picnic with friends and family. Additionally, our complex includes a variety of social and recreational amenities, such as swimming pools, sports fields, and playgrounds, making it easy for residents to stay active and socialize with their neighbors.
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2. Content
Part 1: Economic
GDP
CPI
FDI
Trade Balance
Unemployment Rate
VN-Index
Part 2: Real Estate
Apartment
Ho Chi Minh City
Hanoi
Da Nang
Office
Ho Chi Minh City
Hanoi
Da Nang
Retail
Ho Chi Minh City
Hanoi
Hotel
Condotel
Industrial
Part 3: Legal
3
4
5
5
6
6
6
7
8
8
9
9
10
10
11
11
12
13
13
14
14
14
15
3. Q3 2020 Q3 2021 Change
GDP (%) 2.69 -6.17 8.86%
CPI (%) 3.85 2.51 1.34%
FDI in 9 months (Billion USD) 21.1 22.15 4.4%
Export (Billion USD) 80.07 83.89 4.77%
Import (Billion USD) 68.5 84.55 23.43%
VN-Index (Point) 905.21 1342.06 48.25%
Unemployment Rate 2.29 3.43 1.14%
Due to the serious of the
4th wave of pandemic, the
government has proposed
the plan to recover, which has
been carried out since the
beginning of October and will
be effect until the January.
The Viet Nam’s government
is being balance between
the people’s health and the
development of the economy
to reassure people. In which, the
vaccination program has been
developed throughoutly in 64
cities and provinces in Viet Nam.
There are 24.1% of population
has their 1st shot and 39.6% of
population is fully vaccinated.
This data is still lower than the
other surrounding countries,
however, with the import rate
of vaccine and the quick action
from the Health Ministry, Viet
Nam plans to reach immunity
by early 2022.
While many cities and provinces
had been in social distancing
due to the pandemic since
late May until the beginning of
October, Viet Nam’s economy
has been suffered severely. In
particular, GDP growth rate
in Q3/2021 decreased by 6.17%
compared to same period
last year. On the bright side,
FDI was steadily increasing at
22.15%. This shown that FDI
businesses’ belief in Viet Nam
was still maintained.
TMS Research Team concluded
that based on the market
dynamics, consumption rate
declined strongly, the export
value slightly rised, and the
disbursement of public
investment was low. Meanwhile,
the growth of all most sectors
were negative in Q3/2021,
except healthcare, financial/
banking, and agriculture.
Inflation and interest rate
was stabilized. However, the
unemployment rate growed
notably after many cities
and provinces had to follow
Directives 15 and 16 in this 4th
wave of Covid-19 in Vietnam.
Part 1: Economic
Source: TMS Consultancy, Research
GDP
In the situation of the most serious social-
distancing in the 4th wave of COVID-19,
the GDP growth rate fell significantly 6.17%
compared to the Q3/2020. This was the lowest
GDP quarterly rate in Viet Nam in the last 5
years.
While GDP in 9 months of 2021 only increased
by 1.42% over the same period last year, the
agriculture, forestry and fishery sector played
theroleofapedestaloftheeconomyduringthe
pandemic. The agricultural sector increased
by 3.32%, contributing 0.31 percentage points
to the growth rate of total added value of the
whole economy; the forestry sector increased
by 3.3%, contributing 0.02 percentage points;
the fisheries sector increased by 0.66%,
contributing 0.02 percentage points.
Source: GSO & TMS Consultancy, Research
GDP PERFORMANCE Q3 2021
Source: GSO & TMS Consultancy, Research
GDP GROWTH RATE BY SECTORS
Since most of the area has lifted the Decision 16, TMS Research
Team expected a strong come back from the Viet Nam’s
economy in Q4/2021 and early
2022. Based on the events been
going on the last few months, TMS
Research Team has forcasted the
GDP growth rate for 2021 will be
between 2% and 4%.
GDP GROWTH RATE (%)
Source: TMS Consultancy, Research
Market Report | Q3 2021
Market Report | Q3 2021
3 4
4. FDI
In this quarter, FDI growth rate increased
at 4.4% Y-o-Y. This news brought a
positive vibe among the depressed news.
According to The General Statistics Office
(GSO), foreign direct investment (FDI) in
nine months of 2021 in Vietnam reached
22.15 billion USD. There were 1,212 newly
licensed projects with a registered capital
of 12.5 billion USD, decreasing 37.8% in
the number of projects and 20.6% Y-o-Y
of registered capital. This showed that
international investors still have beliefs in
the development of Vietnam.
In Q3/2021, Singapore, Japan, Hong Kong,
China, Korea & US contributed much to
FDI’s Vietnam. In detail, Singapore was
more prominent than the others with a
total newly registered investment capital
of the Q3/2021 about 4.98 billion USD.
As the chart showed, Ho Chi Minh City
ranked number 10 with the registered
capital of 380.25 million USD. One of
the cities/provinces, Long An province,
attracted 3.37 billion USD, ranked number
1. It’s followed by Can Tho province with the
registered capital of 1.31 billion USD.
Source: GSO & TMS Consultancy, Research
VIETNAM UNDEREMPLOYMENT RATE (%)
Source: GSO Vietnam
EXPORT & IMPORT OF GOODS BY QUARTER (2016 -2021)
Trade balance
Although the Covid – 19 affected
strongly, in Q3/2021 export turnover
reached 83.89 billion USD, went up
5.2% Y-o-Y. Import turnover reached
84.55 billion USD, rose by 22.6%
Y-o-Y. The trade balance in Q3/2021
witnessed the trade deficit of 657
million USD.
China continued remaining the
largest import market of Vietnam
with the turnover of 81.3 billion USD,
and went up 41.2% Y-o-Y. It’s followed
by the Korean market with 40.3
billion USD, jumped up by 21.6% and
ASEAN market ranked number 3
with 30.7 billion USD.
Vietnam’s government has
prioritized vaccinating workers at
factories, from Samsung in the north
to Intel and garment factories in Ho
Chi Minh City. As the virus outpaces
the vaccination effort, the race is on
among importers of Vietnamese
products to ensure there’s enough
that will arrive before the year-end
rush.
Market Report | Q3 2021
Market Report | Q3 2021
5 6
CPI
The General Statistics Office (GSO) has
published a number of socio – economic
situation figures for Q3/2021 and nine
months of 2021. In the circumstance of 4th
Covid – 19 have been strongly spreading
and it caused the consumer price index
(CPI) in Q3/2021 increased by 2.51%. The
average CPI of nine months in 2021
increased by 1.82% Y-o-Y.
Vietnam’s Inflation rate has been stable
for the last 5 years due to the control
of the government which is keeping
inflation lower than 4%. Compared to other
countries in Southeast Asia, Vietnam’s rate
is moderate, which has shown the steady
movement in the country’s economic.
Source: GSO Vietnam
CPI VIETNAM BY QUARTER (2016 -2021)
Source: TMS Consultancy, Research
INFLATION RATES IN SOUTHEAST ASIA (2017 - 2021F)
Source: GSO & TMS Consultancy, Research
FDI PERFORMANCE Q3 2021
Source: TMS Consultancy, Research
VIETNAM’S FDI BY PROVINCES Q3 2021
VN – Index
At the end of September 30, the VN – Index reached 1,342.06
points and the HNX – Index closed at 357.33 points. The average
points of the VN – Index in Q3/2021 reached 1,342.06 points, up
about 49% Y-o-Y. Besides, the stock prices of steel, real estate,
banks and consumer goods remained on top in this quarter.
When the situation of the pandemic of Covid-19 is controlled
well, businesses will return to normal pace. Our TMS Consultancy
Company’s Market Research Team believes that the target of
VN – Index will go up and exceed 1,400 points.
Unemployment Rate
Thecomplicateddevelopmentsofthe
Covid – 19 pandemics had negatively
affected the labor situation. In
Q3/2021 the labor force working
sharly decreased Q-o-Q and also
Y-o-Y. Generally, the unemployment
rate increased by 3.43% Y-o-Y, of
which the unemployment rate in the
urban and the rural was 3.58% and
2.15% respecttively.
From the beginning of October/2021,
the labors are expected to get back
to work after the Decision 16 is lifted
and each person has at least 1 shot of
vaccine in order to travel and work.
Source: Cophieu68 & TMS Consultancy, Research
VN-INDEX Q3 2021
5. 7 8
Source: TMS Consultancy, Research
ROA & ROE OF TYPICAL REAL ESTATE COMPANIES Q3 2021
Part 2: Real Estate
The 4th Covid – 19 epidemics substantially impacted the economy
in general, especially on the real estate market. Under the impact
of Covid – 19, capital inflows into real estate slowed down; supply
and transaction such as apartments, offices, land plots, and
commercial were plunged. The hotel and condotel were frozen
because service activities were delayed. Moreover, many projects
were delayed for the selling plan.
Through the chart of average apartment prices, the
market in Ho Chi Minh City had the highest price among
the three major cities in Vietnam. However, this chart
shows us that the average cost of apartments in these
three markets decreased by less than 5% compared to
the same quarter last year. Not only did the average price
decrease, but the supply of the markets also reduced due
to the impact of the outbreak, which delayed the market
supply. In addition, the ability to absorb the market also
decreased because investors and buyers were more
careful in buying during this time.
In HCMC, the number of sold units in Q3/2021 decreased
by 52% Y-o-Y. The average asking price was 2,830 USD/
sqm, downed to 4.5 – 4.7% Y-o-Y. However, all segments
witnessed positive price growth in the future when the
luxury segment went up to 3 – 5% Y-o-Y and the other
two remained at 4% Y-o-Y. Later, HCMC will have about
6,000 units new-launched.
The performance of the average asking price in the east
had been still leading in the areas in Ho Chi Minh City, and
the average asking price was over 3,000 USD/sqm. And
the segment of luxury apartments was still in the eastern
area. The average asking price of the north and west areas
was still over 1,000 USD/sqm. Yet, Our TMS Consultancy
Company’s Market Research team believes that
the average asking price of apartments will tend to
increase by over 10% in the Northwest because the
traffic infrastructure is gradually improving to connect
to the center and critical locations of Ho Chi Minh City.
And other areas also will increase from 5% to less than
10% depending on the location of the project because of
high land prices and the cost of construction materials,
and also labor costs tend to increase soon.
In addition, the future supply of apartments will be
about 6,000 sqm in Q4/2021 if the epidemic situation is
well controlled.
Source: TMS Consultancy, Research
Apartment Average Price by Area HCMC
Q2 2021
Source: TMS Consultancy, Research
FDI BY SECTORS Q3 2021
Source: TMS Consultancy, Research
HCMC APARTMENT SUPPLY | Q3 2021
Market Report | Q3 2021
Market Report | Q3 2021
To see about the real estate industry, our TMS Consultancy
Company’s Market Research team collected and analyzed many
businesses belonging to the real estate industry through ROA
and ROE ratios, as shown in the chart below:
Source: TMS Consultancy, Research
REAL ESTATE VN-INDEX Q3 2021
In addition, VN-index of real estate sector demonstrated well its
circumstances in the market.
The chart on FDI
shows us that
the real estate
industry accounts
for about 16%.
Ho Chi Minh City
Source: TMS Consultancy, Research
HCMC APARTMENT ASKING PRICE BY AREA
Q3 2021
APARTMENT
HCMC
Hanoi
Da Nang
: 4.5 - 5.0% Y-o-Y
: 3.5 - 4.0%Y-o-Y
: 4.0 - 4.5%Y-o-Y
6. OFFICE
In general, the situation in the office segment is on a
downward trend. The average rental price of the office
market in Da Nang decreased more sharply (over 5%)
than the other two big cities of Vietnam: Ho Chi Minh
City and Hanoi City. The occupancy rate in Da Nang was
also the lowest among the three big cities of Vietnam.
However, the decrease in office prices was due to the
impact of the general situation of the 4th pandemic
outbreak. Thereby, the buildings’ policies had to reduce
the average leasing price to provide additional support
for tenants. And in addition, some businesses could not
stand it, so they had to leave Grade A and B offices to
switch to Grade C offices or flexible forms of offices to
maintain their stable business operations during this
time. Yet, soon, the average leasing prices of offices will
stabilize and tend to increase slightly due to increased
land prices and construction costs.
No Project Name Address Grade Structure
NLA
(sqm)
Expected
Price (USD/
m2/month)
1 D’. Saint Raffles
No. 43-47 Nguyen Thi Minh
Khai, Ben Nghe ward, Ddistrict 1
A
19 storeys, 6
basements
30,000 40
2 Empire 88 tower
Empire city urban area, Thu
Thiem Ward, Thu Duc City
B 10,500 35
3 Cobi Tower 2
B street, Tan Phu Ward, District
7
B
17 storeys, 2
basements
17,527 23
4 V Plaza Tower
Nguyen Van Linh street, Tan
Phong Ward, District 7
B
4 block, 27
storeys
66,000 25
5 E town 6
No. 364 Cong Hoa, Ward 13, Tan
Binh District
B
16 storeys, 7
basements
35,000 20
In Q3/2021, there was not any new supply in HCMC. The
average rent of grade A and grade B decreased over 5%
Y-o-Y and 3.5% Y-o-Y. The occupancy rates of grade A
and grade B were over 80% and 85% because most staffs
work from home. At the end of 2021, the office market in
HCM is expected, with a total supply of 35,000 sqm NLA
of three new grade B projects.
9 10
Market Report | Q3 2021
Market Report | Q3 2021
Hanoi
In Da Nang, the average market price in Q3/2021
decreased by 4 – 4.2% Y-o-Y. This quarter witnessed
a reduction in three segments’ prices. In specifically,
the luxury segment’s rate went down 4.1% Y-o-Y
while high–end and mid-end’s decreased 3.5 – 3.8%
Y-o-Y.
Through the chart of the average asking price, we
collected information on the average asking price of
apartments in Q3/2021 of Danang city. In Da Nang,
the average asking price of apartments in Linh
Chieu District was still leading (over 2,000 USD/sqm)
compared to other districts. And among them, the
lowest average apartment price was in Thanh Khue
District.
However, with the situation of housing demand,
the supply, as well as the price of apartments in Da
Nang, is expected to increase by about 3% - 5% in
the coming time.
In Hanoi, sold units in Q3/2021 reached about 3,000
units, reduced 30% Y-o-Y. The average asking price
was 1,850 USD/sqm, which decreased 3.5 – 3.7% Y-o-Y.
In the future, the level of new launches is expected
to be about 4,000 units.
The products hitting the market were primarily
high-end and mid-end apartments, while affordable
apartments became scarce. This scarcity has pushed
the asking price to 1,511 USD/m2, increasing about 2%
- less than 3% of Q-o-Q and 14% of Y-o-Y.
AccordingtotheresearchteamofTMSConsultancy
Company, we realize that the apartment market
in Hanoi has much potential, and especially the
average asking price of apartment projects in
some districts near the center will increase over
10% due to increased housing needs, construction
costs increase and add to the increase in land
prices. In addition, to meet the demand, the
supply will add about 7,900 apartments in the
Hanoi market from 11 new projects and the next
phase of 2 existing projects by the end of 2021.
Source: TMS Consultancy, Research
HANOI APARTMENT SUPPLY Q3 2021
Source: TMS Consultancy, Research
HANOI APARTMENT AVERAGE PRICE Q3 2021
Source: TMS Consultancy, Research
DA NANG APARTMENT ASKING PRICE BY
AREA | Q3 2021
Source: TMS Consultancy, Research
OFFICE AVERAGE RENTAL PRICE
Q3 2020 vs Q3 2021
Source: TMS Consultancy, Research
HCMC OFFICE PERFORMANCE Q3 2021
The new supply of
offices in Ho Chi Minh
City in the near future
is shown in the below
table. It is estimated
that the NLA of new
supply of office is
about 160.000 sqm.
Da Nang
Ho Chi Minh City
HCMC
Hanoi
Da Nang
: 6.5 - 6.8% Y-o-Y
: 1.2 - 1.5% Y-o-Y
: 8.0 - 9.0% Y-o-Y
7. 11 12
Market Report | Q3 2021
Market Report | Q3 2021
Project Name
2020
(9 months)
2021
(9 months)
%Y-o-Y
Gross retail sales of consumer
goods and services
3,657,736 3,353,263 -8.3%
Retail sales of consumer goods 2,901,604 2,770,437 -4.5%
Accommodation and food services 362,920 273,712 -24.6%
Tourism 14,198 4,602 -67.6%
Other services 379,014 304,511 -19.7%
Hanoi office market in Q3/2021 welcomed one grade A project. Grade A and Grade
B office rents reached 30.5 USD and 18.2 USD/sqm/month, decreased 1.4% Y-o-Y. The
occupancy rate of grade A and grade B were 81% and 85% due to outbreaking of Covid
– 19, Hanoi had to social distancing.
No Project Name Address Grade Structure
NLA
(sqm)
Expected
Price (USD/
m2/month)
1 Lotte Mall Hanoi
Vo Chi Cong Street, Phu
Thuong Ward, Tay Ho District
A
21 storeys, 2
basements
78,376 31 - 36
2
Horison Tower - 36
Cat Linh
36 Cat Linh, Dong Da District A
8 storeys, 5
basements
16,000 25 - 29
3 Lancaster Luminaire
1152 - 1154 Duong Lang, Lang
Thuong Ward, Dong Da District
A
25 storeys, 4
basements
20,600 15
4 Epic Tower 19 Duy Tan, Cau Giay District B
30 storeys, 4
basements
25,000 25
5 Oriental Sun Tower
198 Tran Quang Khai, Hoan
Kiem District
A
21 storeys, 4
basements
19,200 37 - 45
In Q3/2021, the Da Nang office market witnessed a reduction in rent price. Specifically,
Grade A and Grade B office rents decreased 7.5% Y-o-Y and 3.8% Y-o-Y. The occupancy
rate of grade A and grade B were 85% and 87%.
Not only the average rental price optimistically climbs up, but the occupancy rate also
recovers since Viet Nam has temporarily controlled the pandemic. Danang Market is
promising for investors or developers who will invest there because this market has
much potential development soon when the pandemic of Covid-19 is well controlled.
Source: TMS Consultancy, Research
HANOI OFFICE PERFORMANCE Q3 2021
Source: TMS Consultancy, Research
DA NANG OFFICE PERFORMANCE Q3 2021
RETAIL SALES OF GOODS AND SERVICES
In general, the field of retail sales decreased compared to the same year as
our data collected, in which the tourism sector decreased over 67% Y-o-Y
due to being heavily affected by the pandemic of Covid-19. Because the
number of domestic and foreign tourists coming to Vietnam fell sharply.
Source: TMS Consultancy, Research
GROSS RETAIL SALES OF CONSUMER GOODS AND SERVICES IN
VIETNAM | 01/2020 - 09/2021
And the new supply of offices is shown in the below table:
The performance of average
rental prices for offices in Hanoi
will not change much soon.
Typically, gross retail sales of consumer goods and services reached over
3,353 trillion VND (-8.3% Y-o-Y) and 915.72 trillion VND in the Q3/2021 (-28.3%
Y-o-Y, -21.4% Q-o-Q).
The Covid-19 epidemic has affected the industry since May/2021 - the 4th
outbreak with more strains and complicated infections. Gross retail sales
of consumer goods and services have declined during five months of
social distancing, especially Accommodation and food services, Tourism,
and Other services. Gross retail sales of consumer goods and services
sharply decreased in August (-34% Y-o-Y) and also in April last year (-26%
Y-o-Y) according to our TMS Consultancy Company’s chart.
In September 2021, gross retail sales of consumer goods and services have
gradually recovered. If the epidemic is controlled well in the fourth quarter
of 2021, our TMS Consultancy Company’s Market Research believes that
the retail industry will soon turn around and achieve a growth rate of
about 5-6%.
The epidemic has remained continuously, so consumers’
spending plans have tended to change in their spending.
They have only bought essential items to meet their
disposable income and needs. Other things such as
entertainment or restaurants were deeply affected because
these weren’t essential.
Moreover, according to Deloitte’s survey, most consumers
reduced non-mandatory spending and increased
spending on essential products when social distancing was
implemented as our Government’s notifications. Typically,
Expenditure on packaged or canned foods significantly
increased by 84% and 70%, respectively. In contrast,
spending on leisure & holidays, dining out, karaoke &
nightclubs all decreased by over 80%. In the medium and
long term, opportunities for non-essential retailers will
increase better to meet our lifestyle demands.
CHANGES IN PLANNED MONTHLY HOUSEHOLD
EXPENDITURE AS A RESULT OF COVID-19
Source: TMS Consultancy, Research
With all the above information analyzed, how are the
average rental price and occupied rate of the Retail sector?
In the condition of market activity, the ground floor and first
floor asking rents in non-CBD shopping centers continued
to decline slightly as some projects with high vacancy rates
reduced prices to retain tenants, and such as supporting
tenants due to the current complicated epidemic situation.
Hanoi
Da Nang
RETAIL
8. Market Report | Q3 2021
Market Report | Q3 2021
13 14
INDUSTRIAL
Next, how were the leasing Price and occupied rate in Q3/2021
of Vietnam’s Industrial Parks? Vietnam’s Industrial Parks had
been spread out and concentrated with three administrative
regions – the Northern, Central, and Southern Region. Each area
had its characteristics as well as unique incentive programs, so
the leasing price and occupied rate were different as the below
chart:
Our country’s highest average leasing price remained in two
big cities: Ho Chi Minh City and Hanoi; the followings were Binh
Duong, Dong Nai, and Hai Phong city. The average occupied
rate of the industrial parks in some cities and provinces
exceeded 90%, they were HCM, Binh Duong, Bac Ninh, and
Dong Nai. However, the average occupied rate of the southern
region was higher than the northern region because the new
land was relatively rare. These are showed on charts collected
by TMS Consultancy’s Market Research team.
Among the IPs of the cities and Provinces, Bac Ninh and Hai
Phongcitywerepotentialcitiesinthenorthernregionsoon.The
average leasing price of two cities/provinces was increasing over
5% q-o-q. The infrastructure of the north area was developing
quickly, and the location was one of its advantages because it
is near China and could benefit from their factories relocated.
With that said, Our TMS Consultancy Company’s Research
team believes that industrial real estate would tend to
develop well in Vietnam next time.
In Ho Chi Minh City, the total retail supply is 1,068,128
m2. Despite being affected by the epidemic, the
average rental price in CBD remained stable at 137
USD/m2/month compared to the previous quarter and
increased by 1.2% Y-o-Y, but developers had to offer
more incentives for retailers. For the non-CBD area,
the rental price decreased by 3.8% Q-o-Q and reached
32.6 USD/m2/month.
In Hanoi, the occupancy rate was relatively lower
than HCMC. The asking price in both areas decreased
compared to the previous quarter, specifically,
averaging 24 USD/m2/month (-4% Q-o-Q) in the non-
CBD area and reaching 103 USD/m2/month (-1% Q-o-Q)
in CBD.
The retail segment of two big cities: Hanoi and Ho Chi
Minh, both were affected by the general outbreak.
However, this time was also an opportunity for
potential financial businesses to expand their scale
and occupy the best positions. Foreign brands have
market penetrated through domestic partners despite
the pandemic border closures.
CONDOTEL
The average rental price and the occupancy rate
of the condotel in this quarter decreased about 9 –
10% Y-o-Y. In Q3/2021, the condotel market did not
record any new supply.
In general, the tourism market in Viet Nam is
still in doubt although the vaccine visa which has
been avaible since the beginning of 2021. However,
due to the complicated situation of the pandemic
from May 2021, international travellers still hesitate
to visit Viet Nam. Therefore, TMS Consultancy
Research Team expects this sector will have a
positive sign in the end of 2021 and the early of
2022.
HCMC & HANOI RETAIL | Q3 2020 vs Q3 2021
Source: TMS Consultancy, Research
HCMC RETAIL RENTAL PRICE 2019 - 2021
Source: TMS Consultancy, Research
HANOI RETAIL RENTAL PRICE 2019 - 2021
HOTEL
The average rental price of hotels in all cities/
provinces decreased dramatically, over 10% Y-o-Y.
Besides, 4-stars hotels fell by 7 – 8% Y-o-Y, and
5-stars ones fell by 10 – 10.5% Y-o-Y. Not only the
rental price of hotels decreased, but the occupancy
rate also decreased sharply because this segment
was strongly affected by the 4th outbreak. Thereby,
the number of domestic and foreign tourists had
been limited to the minimum in business trips and
leisure activities had been temporarily suspended
during this period.
HOTEL AVERAGE RENTAL PRICE Q3 2021
Source: TMS Consultancy, Research
CONDOTEL AVERAGE RENTAL PRICE Q3 2021
Source: TMS Consultancy, Research
INDUSTRIAL PARK AVERAGE LEASING PRICE
Q3 2021
Source: TMS Consultancy, Research
IPS PERFORMANCE BY VIETNAM PROVINCES
Q3 2021
Source: TMS Consultancy, Research
Moreover, the Covid-19 disease has changed both consumer behavior and
the retail market. Since the outbreak in May, except for stores selling essential
products, many businesses have had to close or return premises or downsize
their businesses. Hanoi and Ho Chi Minh City also did not record any new
development in Q3/2021. This 4th outbreak
has delayed new collections for the retail
market. The potential new supply of Ho Chi
Minh City is mainly in the new city, Thu Duc
City, expected to be released in 2021.
Ho Chi Minh City
Hanoi
10 - 11% Y-o-Y
9 - 10% Y-o-Y
3 - 5% Y-o-Y
9. For more information:
Suite 6.04, Nam Viet Building 09 Phan Ke
Binh, Da Kao Ward, District 1, HCMC
+84 906 787 134
info@tms-investment.com
www.tmsconsultancy.com.vn
TMS Consultancy
Our Services:
Valuation Advisory
Investment Advisory
M&A Advisory
Taxation Advisory
Market Research
Leasing Advisory
HIEU DO
Head of Valuation & Investment
+84 907 492 025
hieu.do@tms-investment.com
LE QUOC HUNG
General Director
+84 906 787 134
hung.le@tms-investment.com
GENNIE PHAM
Market Research Director
+84 976 917 368
gennie.pham@tms-investment.com
Part 3: Legal
The main government board has regulated by Decree
No. 54/2021/ND-CP on preliminary environmental impact
assessment. This decree is a detailed PROVISION on an initial
environmental impact assessment; applicable to agencies,
organizations, and individuals participating in or related to
investment activities, public investment, investment in the
form of partnership, construction consultancy, and issuance
of investment certificates, except for the case of granting
an investment registration certificate at the request of the
investor.
The Government has issued Decree No. 69/2021/ND-
CP regulating the renovation and reconstruction of
apartment buildings. This Decree details the renovation and
reconstruction of apartment buildings specified in Article
110 of the Law on Housing.
As for the interest rate on loans to buy social housing, on
April 22, 2021, the State Bank issued Decision No. 697/QD-
NHNN on interest rates for loans to buy, rent, and buy social
housing, building new or renovating, repairing houses for a
living is 4.8%/year
The Ministry of Construction has issued Circular No. 01/2021/
TT-BXD stipulating QCVN 01:2021/BXD national technical
regulations on construction planning; Circular No. 02/2021/
TT-BXD on QCVN 06:2021/BXD on national technical
regulations on fire safety for houses and works; Circular No.
03/2021/TT-BXD on QCVN 04:2021/BXD National technical
regulation on apartment buildings
The Ministry of Construction. has issued Circular No.
06/2021/TT-BXD stipulating the decentralization of
construction works and guiding their application in
managing construction investment activities. This Circular
detail the classification of construction works and guides the
application of construction work grade in the management
of construction investment activities as prescribed in Clause
4, Article 5 of the Law on Construction 2014, amending and
supplementing Clause 3, Article 1 of the Law amending and
supplementing several articles of the Construction Law in
2020 and Clause 2, Article 3 of Decree 06/2021/ND-CP.
Market Report | Q3 2021