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The shift toward e-commerce due to the COVID-19 pandemic has brought challenges to Vietnam’s retail property market, according to Savills Vietnam.

The COVID-19 pandemic caused retail revenue to drop sharply in 2020, impacting the domestic retail property market, according to Savills Vietnam.

Food and beverage and fashion and lifestyle will continue to drive demand in Ho Chi Minh City’s retail property market, according to real estate consultancies.

Retail space is set to be a cash cow for the property sector soon, particularly in Hanoi and Ho Chi Minh City.

Many large and unexpected merger and acquisition (M&A) deals were made in 2016, with retail and real estate continuing to dominate the domestic market.

Many big and surprising merger and acquisition (M&A) deals were made in 2016 with retail and real estate continuing to dominate this market.

The property market in Ho Chi Minh City will see good prospects for all segments this year and the retail sector will see new trends, according to experts in the field.