Research Center

We attended the 3Q18 Savills update on the HCMC property market. The condo segment saw healthy sales volume and absorption rates in 9M2018. Although we expect mortgage rates to increase 50-100bp in 2019F, we project a stable residential market given…

The World Bank expects Vietnam’s middle-class population to grow by 8.7% p.a. in 2018-20F, driving huge demand for mid-range and affordable condos, in our view. Mass metro rail network and upgraded road system in Ho Chi Minh City and Hanoi…

The renewable energy (RE) sector in Vietnam is currently underdeveloped but has huge long-term potential. Most RE projects have low profitability and there are currently no clear policy directives from the government. However, we believe the situation is beginning to…