Vietnam: Ho Chi Minh
Overview
Ho Chi Minh city is commonly known by its previous name Saigon. It is the most populous and largest city in Vietnam. The city covers a total area of 2,061.2 sq. km. The area of Ho Chi Minh City includes 19 urban districts and 5 rural districts.
Facts and figures
| Population | 8,602,317 |
| Total office stock in sq m / sq f | 1,232,000 sq m (2019) |
| Total retail stock in sq m / sq f | 1,338,800 sq m |
| Total industrial stock in sq m / sq f | n/a |
Economy
Ho Chi Minh City is the business and financial hub of Vietnam. The city accounts for one-third of Vietnam’s GDP and is seen as one of the fastest growing markets for technology and manufacturing in the region and the top emerging property market in Asia Pacific.
Growth
Ho Chi Minh has experienced a strong growth in all economic sectors with an average annual growth of 8.3% in 2019. The service sector is the largest contributor to the city’s output at 57.8% followed by industrial production and construction.
Unique aspects
Ho Chi Minh City has undergone many name changes. It was originally called Prey Nokor or Preach Reach Nokor. The city is a popular tourist destination in Vietnam because of its fascinating culture, classic French architecture, sleek skyscrapers and temples.
Office overview in Ho Chi Minh
Ho Chi Minh City, Vietnam - office space for rent, lease or sale
In the 4th quarter of 2019, 2 new Grade B buildings were completed, raising Grade B’s stock by 7% quarter on quarter and by 15% year on year, there was no new Grade A supply. The average vacancy rate of Grade A buildings in 2020 is less than 3% in the central business district of Ho Chi Minh City.
Ho Chi Minh City offers many options on office buildings for lease, including the following
Retail overview in Ho Chi Minh
Ho Chi Minh City, Vietnam - retail space for rent, lease or sale
Ho Chi Minh City’s shopping scene offers more than just boutique outlets and generic shopping malls. The city offers a wide array of international brands and renowned local designs as well as all retail needs at a fixed price.
Ho Chi Minh City offers many options on retail buildings for lease, including the following
Industrial overview in Ho Chi Minh
Ho Chi Minh City, Vietnam - industrial space for rent, lease or sale
Ho Chi Minh city has a well developed infrastructure supporting industrial production and international trading. Cat Lai port located in Ho Chi Minh City handles more than 120 million cargos annually. Ho Chi Minh’s airport, Tan Son International airport, is the largest airport in Vietnam serving 38 million passengers every year.