Stephen Wyatt, country head, JLL Vietnam The coronavirus situation is evolving, so it’s premature to speculate on the short-to-medium term impacts on the Vietnamese real estate market. Some local governments in China are introducing some supportive measures to help small- and medium-sized enterprises in the country cope with the impact of the novel coronavirus outbreak. Regarding Vietnam, in the short term, we can expect to see more businesses prioritising short-term cost reductions. In the long run, the uncertainty may cause occupiers to be more cautious and adopt more conservative leasing strategies. From a JLL Vietnam perspective, on a market-wide level, the effect of this outbreak is still limited. We expect the impacts to be short-term, and most investors and operators are adopting a wait-to-see attitude and delaying making major decisions. However, what we can tell you is e-commerce will likely benefit as shoppers gravitate towards buying from the safety of their homes. … [Read more...] about Local retail property market over saturation point
India retail market
Masan aims to turn NET detergent into increasingly popular brand among local consumers in the post M&A period The recent transaction of Masan HPC – a member of leading local conglomerate Masan Group – acquiring a 52 per cent stake in Netco shows that heavyweight local firms are getting interested starting in the domestic detergent market and are looking to reconquer their home turf. … [Read more...] about Local detergent firms vying for bigger market pie
“But sustainability is not just a trend; it has to be the future of work. The next generation of buildings is set to become more ‘green’ with sustainable technologies that save on operating costs and innovative designs that attract more occupiers and tenants,” remarked Stephen Wyatt, country head of JLL Vietnam. … [Read more...] about Industrial sector to lead property market: JLL
The online shopping platforms and delivery services are predicted to witness a growth acceleration in both shopper base and incremental spending by attracting new shoppers who have never shopped online, and by increased or upgraded spending from existing online shoppers. … [Read more...] about What effect will COVID-19 have on Vietnam’s FMCG market?
Several e-commerce platforms announced to close or stopped operations in silence in the past months. Of which, the biggest closing is that the Vingroup announced its withdrawal from the direct retail sector to focus resources on the industrial and technological sectors. Accordingly, its Adayroi website would be merged into VinID by the end of December last year. Figures by iPrice showed that the website traffic of Adayroi reached 6-7 million hits per quarter, just behind other large e-commerce platforms, such as Shopee, Tiki, Lazada, and Sendo. Similarly, on December 25 last year, CEO of Lotte.vn sent notifications to suppliers and customers of Lotte.vn, saying that as of January 20 this year, the website would stop providing its services to customers. Suppliers and customers can continue to supply goods or trade with the Lotte Mart Head Office. Earlier, in March last year, fashion e-commerce platform Robin Online, formerly Zalora, also unexpectedly announced to halt all its … [Read more...] about E-commerce: a fierce race