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Vietnam Real Estate Market Expected to Rocket

After the epidemic, Vietnam’s economy has recovered strongly, and property prices are expected to rise even more sharply than in 2022.


Vietnam’s gross domestic product (GDP) growth in 2022 can reach up to 8%, surpassing the target of 6.5%, according to Director General of the General Statistics Office (GSO) Nguyen Thi Huong.

Housing prices in Vietnam continued to rise in 2022 as low mortgage rates are one of the factors that boost housing demand. People typically look to buy a house for living or as an investment.

Assessing the real estate market in 2022, the director of a real estate business in Ho Chi Minh City, who declined to be named, said it became warmer in November and December after the government stabilized the macroeconomic situation. Particularly in the last month of the year, with the State Bank’s decision to raise the credit growth cap for banks by 1.5-2 percentage points, customers began to pay attention to real estate again.

“With the current lending interest rates of 11-12%, real estate or other investment channels will turn out bigger profit than bank deposits,” he said, noting that as property contributes greatly to the country’s GDP, if the market becomes frozen, it will certainly affect hundreds of other industries and the economy as a whole.

Becoming one of Apple’s main manufacturing hubs

Regarding market opportunities next year, he predicted that if the credit situation is positive, the segments of land plots worth below VND1.5 billion ($63,600) and apartments from VND2 billion ($84,800) will thrive. In particular, 2023 will be the year of segments that meet real demand.

Apple will begin producing some of its MacBook computers in Vietnam in 2023, according to a Nikkei Asia report Tuesday. The move reflects the tech giant’s push to expand its manufacturing beyond China, as it grapples with increased U.S.-China trade tensions and supply chain disruptions related to Covid lockdowns.

Besides, Nike, Adidas, Foxconn, Intel, Samsung, etc, have been expanding their presence in Vietnam, showing that the business and investment environment is still stable and has good growth potential.

51% of Nike Shoes are “Made in Vietnam”

Previously, CNBC quoted the financial report of Nike, a corporation specializing in sports products, saying that Vietnam’s shoe production for Nike will account for 51% of its global output, while this proportion is in China. dropped to 21%. In 2006, China made Nike shoes for 35% of its global production. Thus, Vietnam has officially surpassed China, becoming the main production base for this brand. Notably, even Indonesia has overtaken China as the market share of Nike shoe production in the country increased from 21% to 26% in the past 15 years.

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Thailand ranked Asia’s best place to retire. Housing ahead France and Ireland

According to the specialist overseas retirement magazine International Living, Thailand is Number 1 in Asia and 11th of all international destinations in the Annual Global Retirement Index (2022).

The Index is recognized as a comprehensive and in-depth survey of the best retirement destinations around the globe, It ranks countries according to the 10 categories of Housing, Benefits and Discounts, Visas and Residence, Fitting In/Entertain, Development, Climate, Healthcare, Governance, Opportunity, and Cost of Living. Topping the list is Panama, for its low cost of living and easy travel within the city. And Thailand scored an impressive average of 72.9, securing its position at number 1 among Asian while its score on Housing is even ahead of many western countries like France and Ireland. Unsurprisingly, many expats see it as their “second hometown”. And foreigners can buy property in Thailand too.

BangKok the most welcomed 

Apart from the impressive score on Housing, Thailand also wins a particularly high scores in the Visas and Residence (82), Fitting In/Entertain (81), Development (81), Healthcare (80), and Cost of Living (90) categories. The index also indicates BangKok, Chiang Mai and Hua Hin are the most welcomed retiring cities in Thailand.  

There are tremendous reasons for people calling it the dreamy second hometown. An estimated 70,000 retirees call Thailand home for its easy-going lifestyle and lower cost of living. People are attracted by the country’s diversity, from lush green mountains to sunny seaside locations, warm tropical climate, a renewable 12 months visa, good infrastructure and healthcare, and friendly locals. The rest of the listed Southeast Asian countries included  (in order) Cambodia, Malaysia, Bali, Sri Lanka and Vietnam. Other countries among the top list are Costa Rica, Mexico, Portugal, Ecuador, Colombia, France, etc.

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Appreciation Dinner 2022

Thanks everyone for coming to our appreciation dinner. This year we had specially selected Thai cuisine as the closure of 2022. Not only to create a relaxing holiday vibe for our VIPs, but also to touch on our latest sales FLO by Sansiri in BangkokHope you all enjoyed the night. AH looking forward to serving you the coming year with an array of globally well-selected properties. 

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WhatsApp: 5226 1138 wa.link/18dlwo


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    Exclusive VIP night on Gucci Latest CNY Collection

    Ashton Hawks co-hosted an event with Gucci, inviting our VIPs to have a private viewing of the latest Gucci CNY collection. In celebration of the Lunar New Year, different versions of the tiger define a curated selection of ready-to-wear and accessories—highlighting the multifaceted nature of the Gucci universe. Thank you Gucci and our VIPs for sharing an evening with the collection and presentation of the perfectly fit CNY outlook.

    The event was a big success while our members enjoyed a relaxing and fashion-conscious Tuesday evening.

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