"Vietnam Real Estate Report Q4 2012" Is Now Available At Fast Market Research

New Business research report from Business Monitor International is now available from Fast Market Research

by Bill Thompson

(WireNews+Co) - Boston, MA - 25 October 2012

The Vietnam Real Estate report examines the Commercial Office, Retail and Industrial segments in the context of a market which is close to its nadir, and as such is becoming increasingly attractive to both domestic international players.

With a focus on the three principal cities of Da Nang, Ho Chi Minh and Hanoi, the report covers the rental market performance in terms of rates and yields over the past 18 months and examines how best to maximise returns in the commercial real estate market, which is beset by high interest rates, oversupply and government efforts to curb lending. While many analysts believe the sectoral downturn to be close to bottoming out, soft market conditions persist and the cycle is likely to be lengthened by the external economic hurdles faced by the export-led economy. Nevertheless there is growing optimism surrounding the sector with the construction industry, investment outlook and demand picture looking to pickup over the coming quarters.

View Full Report Details and Table of Contents (http://www.fastmr.com/prod/456385_vietnam_real_estate_report_q4_2012.aspx) (http://www.fastmr.com/prod/456385_vietnam_real_estate_report_q4_2012.aspx)

Key Points

- Vietnam's real GDP growth is expected to remain subdued at 5.8% in 2012 before we see a recovery in external demand, which is expected to come only in late-2012. The threat of a severe credit squeeze due to growing risk aversion towards heavily indebted emerging markets places further downside risk to our outlook on Vietnam's economic growth.
- Construction activity in Vietnam continued to contract in the second quarter of 2012, prompting us to revise down our full-year forecast for the construction sector; Real growth is now expected to come in at 0.1% in 2012 (from a previous forecast of 4.9%). Despite this downward revision, we remain convinced that a robust recovery is still on the cards for Vietnam's construction industry as monetary conditions become increasingly conducive for construction. We expect construction growth to return to positive territory as early as Q312 and last well into 2013. This expectation is reflected in our forecasts, with construction real growth projected to reach 6.9% in 2013.
- We have completed our latest round of in country interviews in July of 2012, and while the results for the first six months of the year do not offer a resounding conclusion to the anticipation of a market nadir, the green shoots of recovery have broken through the surface.

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