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CNBC- Vietnam is Asia’s leading economy during the Covid-19 pandemic

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economy

Bank of America Global Research economists said in a report this month: “Vietnam has posted one of its highest growth rates in a year, while the rest of the world is mired in recession. heavy”.

Not all Asian economies are reporting fourth-quarter and full-year economic data. But estimates compiled by CNBC from official sources – if any – and organizations like the International Monetary Fund show that Vietnam outperformed all of its peers last year.

According to government estimates released at the end of December, Vietnam’s economy grew 2.9% last year from a year ago. That number was better than China’s 2.3% forecast growth in the same period.

Figure 1- GDP growth / contraction chart of major Asian economies in 2020

Bank of America Global Research economists said in a report this month: “With this result, Vietnam has achieved one of the highest growth rates in a year in which the rest of the world is sinking. in a deep recession”.

Some economists over the years have questioned the veracity of Vietnam’s gross domestic product (GDP) data. However, many economists are optimistic that the country’s economic growth will accelerate this year.

Despite neighboring China – where Covid-19 was first detected – Estella heights for rent reported more than 1,500 infections and 35 deaths as of Tuesday, according to figures compiled by Johns Hopkins University.

Vietnam’s handling of the outbreak is internationally hailed as a model for other developing countries to follow and help its economy continue to thrive throughout 2020.

Figure 2-Quarterly GDP growth / shrinkage chart in Vietnam and China in 2020

That solid economic momentum is likely to continue this year, central bank economists said. The bank forecasts Vietnam’s economy will grow 9.3% in 2021 – much higher than the 6.7% growth expected by the World Bank.

Vietnam’s manufacturing sector was widely credited for its economic success last year, with output growing on the back of steady export demand. That is a trend that will persist in the coming years, economists said.

“Considering that Vietnam has been a big beneficiary of the relocation/supply chain diversification trend out of China over the past few years, we see huge growth potential for Vietnamese exports in the coming years. ,” Fitch Solutions said in a December report.

Figure 3-Annual change chart of Vietnam’s monthly export and production output

The consulting firm added that Vietnam has also signed several new trade agreements – such as with the UK and the European Union – that could further boost trade flows.

Gareth Leather, the senior Asia economist at Capital Economics, said one potential threat to Vietnam’s export growth – and thus the overall economic outlook – is the US sanctions.

Former Masteri thao dien for rent administration in December labeled Vietnam a currency manipulator. That would allow the United States to take punitive actions such as tariffs on goods imported from Vietnam.

But analysts from Australian bank ANZ said they do not expect any immediate action from the US, in part because the administration of President Joe Biden “may not take a hard line on the issue.” like under President Trump.”

Vietnam’s service sector, which has been hit hard by the pandemic, is set to grow by the end of 2020.

Economists say that the degree of recovery in services – especially tourism – will determine how quickly Vietnam’s economy returns to its pre-pandemic path.

Leather describes the tourism outlook as “poor.” However, his forecast of 10% growth for Vietnam this year is one of the most optimistic market. “By the end of 2021, we expect GDP to be only 1.5% below normal if the crisis does not occur,” he wrote.

Figure 4-Annual change chart of Vietnam’s monthly retail sales of goods and services

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Real Estate

10 Signs Your Property Management Startup is a Success

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property

Many people think that profit is the primary source of measuring the success of any company. That is true in many cases but there are many other indicators that provide you with a better idea of your business success. Here are some other indicators for measuring your real estate and property management success.

1. Your vacancy rates are low.

When your marketing efforts are fruitful then your vacancy rates are low. It means you are good not only in your marketing campaigns but also in maintaining the existing tenants.

2. You receive new property management clients from referrals.

Word of mouth is the best way to build your reputation. If you are getting clients from referrals then it is a sign of great success. Let’s take the example of Southcourt Property Management, a property management company in London, having the happiest clients and they are getting more clients from their referrals.

You can read Southcourt Property reviews for a complete story about their success.

3. You receive new tenants from referrals.

There are slight chances of tenants who are dissatisfied with your rented property aren’t going to recommend your property to their friends. For example with client recommendations, tenant recommendations speak good and generous of your services and it can also specify that you’ve successfully instated a good tenant referral program. If your customers are satisfied with all the services you are providing to your tenants there are maximum chances that those tenants will definitely recommend your place to their friends.

4. Your tenants stay put.

For all the businesses it is best to keep existing tenants rather than finding new ones, it will cost far less. As your existing tenants they like you, they really like you. This is a key to your successful business. If your tenants incline to continue in your units for multiple tenancy periods, there are many chances that you’re pricing your place right and making your tenants feel well and cared for.

5. Other property managers contact you for advice.

When you are successful in keeping your tenants for a longer time and making them happy. Other property managers try to seek your advice. It’s nice to keep some secrets to your success as your own exclusive information, you should feel good about what you do every time. If your competitors are looking forward to your work advice and try to follow your work rules and behavior, it speaks well of your skillset that you are doing best in your field.

6. Associations and other professional organizations invite you to speak at events.

There are events where people invite you to as their guest speaker, if professional industry organizations are asking you to speak at events, it’s a sign that you are doing good and viewed as an industry expert.

7. You have an online marketing strategy.

In this digital time people lookup online for everything. The size of your online presence doesn’t really matter as much as the fact that it exists in real in the first place. Maybe your company has a strong website or maybe you bound your online activity to post available units on Craigslist. On the other hand, maybe you errand social networking sites like Facebook or Twitter for marketing purposes for your business promotion. The main goal is that you must have some sort of online presence, large or small.

8. Rental agents approach you.

In some areas, consumers use real estate agents not only to help them in purchasing a home but also in renting one. Because these estate agents are paid to know about rental properties in their respective areas, no one has a better overview of what’s out there than them. If these rental estate agents are approaching you to make inquiries about the availability of your places, there are chances that it means your properties are stack up against the competitors very well in the market.

9. Potential tenants approach you even when you’re not actively advertising vacant units.

This means your name and/or reputation has made a big sufficient impression that you’re a well-known service or product in the market, available listings or not. All Credit goes to the great marketing, great properties, or great consumer service skills (or a combination of all three!) you are providing to your community.

10. You like coming to work every day.

People spend their whole life doing something they don’t like. If you enjoy what you do, you’re possibly very good at it. In property management, you deal with so many people like property owners, tenants, and vendors. Satisfaction and contentment in the workplace incline to interpret better relationships all around the market, and this means everybody wins.

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Real Estate

How to Get The Best Price From The Sale of Your Home

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home sale

There are many things that you can do as a seller to ensure that you are getting the best price from the sale of your home.

The more home buyers you attract to your home for sale the higher the opportunity that the right person will see it and you will get the best price from the sale of your home. The following is a list of things to consider when you are selling your home to ensure you are doing everything you can to attract the perfect buyer.

The Southcourt property is a fantastic property management company with an amazing record of closed deals. You can read Southcourt Property Reviews to know more about their services.

Following tips are recommended by the Southcourt property in order to get the desired price from the sale of your home.

Know Your Price

A realtor will know the price of comparative homes in your area and will give you information that will help you get the best price from the sale of your home. If you prefer to do it yourself, then you can sell your home on a do it yourself site, however, make sure you do your homework and have answers to the following questions:

  • How quickly did homes in your area sell?
  • What was the average price of homes that sold in your area?
  • How does your home measure up to others that have sold in the area?
  • Are you creating curb appeal with the way your home looks from the outside?

Curb Appeal

Curb appeal is the first impression of your home to potential buyers and if done properly will ensure you are getting the best price from the sale of your home. In the summer ensure your garden features colorful blooms and in the winter make sure your sidewalks are cleared. If you need to, touch up any painting that needs to be done or nail in any loose fence boards.

Staging Your Home

If you have an eye for detail then you can do this yourself, however, this is one of the most important places to invest money. A professional stager can get the best price from the sale of your home by arranging and removing furniture and other items in your home to make it more appealing to those coming to see it.

At the very least always tidy your home before you go out so that it is always clean when potential buyers come to see it. Potential buyers like to imagine themselves in a home and it is easier to see yourself in an attractive clean environment.

Do Repairs That Are Absolutely Necessary

Fix plumbing issues in your bathroom and repair cupboard doors so that small problems don’t look like big ones. Replacing dirty or smelly carpets is a very small expense that can make a lot of difference. Are your appliances in great working order? Homeowners like new appliances and this can attract many potential buyers to your home. Paint walls that look unattractive. Paint is the cheapest investment you can make in attracting new buyers and get the best price from the sale of your home.

Drawing Buyers

“For Sale” signs are key to directing people to your home for sale but don’t confuse potential buyers with too much signage. A clear sign might be all it takes to entice a buyer who might not even know they were looking. Make sure there is a phone number on the sign and that it is big and clear enough to see from the road. This is the clearest way to ensure you are getting the best price from the sale of your home.

Once your sign has drawn a potential buyer, then make yourself available, when possible, to make viewing your home convenient for all potential buyers on their time.

Selling your home can be hard work and it will take a lot of dedication. Remember to look at your home like you are a stranger, or better yet have your friends critique your home for you. Be honest about what you would change if you were starting over because that is what potential buyers will be thinking.

There are a few things you can do to know that you are getting the best price from the sale of your home. Some of them are more expensive than others but all will move you one step closer to your goal. Understand your budget and spend what is best for you. You will be pleased with the results.

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Real Estate

Apartment Prices in Ho Chi Minh City Continue To Increase

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real estate

Despite the fact that the demand for apartment search tends to decrease sharply in April 2021, the selling price of this segment still recorded an upward trend even during the outbreak of the pandemic.

According to Chintaisaigon.com ‘s April 2021 real estate market report, although the number of products offered for sale and the demand for apartment transactions in Ho Chi Minh City is showing signs of a sharp decline under the impact of the outbreak. disease, the selling price of this segment continues to escalate.

Specifically, in April 2021 alone, the number of apartments in Q2 Thao Dien For Rent decreased by 6% compared to the previous month. The number of listings for sale of high-end apartments fell the most, up to more than 10%, affordable apartments also had a decrease of about 6% compared to the previous month. Particularly, mid-end apartment products have a stable source of goods for sale, only decreasing by about 1% compared to March 2021. The decrease in the number of apartments for sale mainly comes from two main reasons. The first is due to a sharp decrease in the supply of the market, a series of projects that are being offered for sale are forced to be temporarily delayed because of Covid-19. In addition, a large number of transactions in the secondary market were delayed because buyers were more cautious and less interested in investment channels during the epidemic season.

Apartment prices in Ho Chi Minh City

In addition to the reduced supply of products for sale, the demand for apartments in Ho Chi Minh City also dropped sharply in late April and early May. The search volume for apartments in Ho Chi Minh City decreased by 25% compared to that of the end of April and the beginning of May. In March, in which the high-end and mid-end segments decreased by 22-23% respectively and affordable apartments also decreased by nearly 27% compared to the previous month.

Despite the decrease in supply and demand, the selling price of apartments did not record any decrease in April. Compared to the asking price 1 month ago, apartments in Ho Chi Minh City tended to be flat, but compared to the same period last year, the price level of this segment continued to increase by 5%, reaching the level. average 45-47 million VND/m2 and close to 50 million VND/m2. In particular, there are many projects offered for sale at the end of April, with a price increase of nearly 7-10% compared to the level offered at the end of 2020.

Explaining the reason why apartment prices in Ho Chi Minh City continuously increased in the first months of the year, experts said that the limited supply while the large absorption capacity of the market is the factor that causes this type of apartment. price escalation continuously. According to data from the Department of Construction, in the first 3 months of the year, Ho Chi Minh City only had 8 licensed projects for sale with a supply of about 3,422 apartments. The number of apartments eligible for sale in the first quarter of 2021 decreased by more than 86.5% compared to the same period in 2018, down 80% compared to 2019 and reached only 77.3% compared to the 2020 supply. However, the total number of products successfully offered for sale in the whole HCMC market in the first quarter of 2021 reached 6,460 products. Due to the scarcity of new products, the market is well absorbing the backlog of secondary goods.

According to experts of Chintaisaigon.com, in 2021 the apartment segment in Ho Chi Minh City may establish a new price level, higher than previous years. The emergence of more and more high-end and luxury apartment projects is pushing the average price of this segment up. Besides, the scarcity of primary apartment supply also causes secondary transaction prices to continue to escalate in the coming months. It is forecasted that apartment prices in Ho Chi Minh City may increase by at least 9% in 2021.

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