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Business vitality

A series of vacant premises in the central area of ​​Ho Chi Minh City have recently been put up with “Opening Soon” signs. New tenants have invested in renovations or new construction, installing equipment and getting ready for business operations. When many stores are operating, a street will be worth billions of dollars.

Báo Sài Gòn Giải phóngBáo Sài Gòn Giải phóng21/05/2025

- These premises are closed for a long time for two reasons. First, consumer tastes are linked to online sales. Second, the retail market is shrinking because business owners prioritize cutting costs. Only when these two factors improve, will the premises be rented out?

- That's true. But another important aspect is that landlords have sharply reduced their rental prices. Depending on the route, the highest reduction is up to 30%-40%. The rental price must be attractive enough for businesses to make a profit. This incentive helps a series of supermarkets and restaurants along the metro line to open. On the roads with higher rental prices, business owners in the high-end food, expensive fashion , or finance - banking sectors will occupy the premises.

- If observed on a large scale, many retail stores are activated, showing that the "health" of the economy is different from before. In addition, the source of international tourists is increasingly large. Whether the buyers are domestic or foreign, consumption has clearly increased. This is a good sign and further stimulates business vitality.

Source: https://www.sggp.org.vn/sinh-khi-lam-an-post796129.html


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