The performance of the real estate sector in Hanoi in the last three months of this year bodes well for 2021.

Since June, nearly 5,000 enterprises have registered to participate in promotional activities organized by Hanoi's authorities with the combined discount amount of over VND20 trillion (US$861 million).

HSBC has raised its 2020 growth forecast for Vietnam to 3.0% from 1.6% previously, reflecting its renewed assumptions of Vietnam’s speedier economic rebound.

Hanoi’s authorities are expected to issue construction permit for the project in a near future.

Vietnam, with its young demographic, growing incomes and large population, is considered a hugely promising market for retailers.

The trends will contribute to helping navigate foreign investors in Vietnam.

Aeon targets to add Vietnamese goods and products worth US$500 million into its global distribution network in 2020, and around US$1 billion by 2025.

Vingroup and Masan have agreed to merge some of their businesses to create “the country’s largest retail group”.

Favorable conditions in 2020 are expected to help facilitate the elevation of Vietnam’s stock market classification from a “Frontier Market” market to an “Emerging Market” by MSCI.