Amid COVID-19 pandemic, Vietnam emerges as popular industrial property destination

Update: 20:05 | 02/08/2020
Vietnam has emerged as a popular destination for industrial property projects as increased labor costs, trade disputes and COVID-19 prompt global manufacturers to vary their supply chains throughout Asia, according to CBRE.
TIN LIÊN QUAN
Forex rate under pressure of US-China trade tensions
Vietnam’s realty market sees opportunities from Sino-US trade war
viet nam emerges as popular industrial property destination cbre
Vietnam's property market remains attractive to foreign investors in the next few years.

The US-China trade conflict benefited Vietnam’s industrial property market in 2019 as manufacturers began shifting production to alternative markets.

Average asking rents for industrial land in Vietnam increased by as much as 10 percent, with some industrial parks reporting rent growth of up to 40 percent year-on-year, CBRE said.

Vietnam Jones Lang Lasalle Company (JLL Vietnam) said land prices in the industrial property segment have reached new levels even though the disease has impacted the land lease process.

COVID-19 has caused temporary difficulties for upcoming business plans, but with a long-term investment strategy, industrial real estate in Vietnam is still very attractive.

One more COVID-19 patient dies due to serious complications

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Another 30 COVID-19 cases confirmed on August 2 evening

Another 30 COVID-19 cases confirmed on August 2 evening

Vietnam recorded 30 new COVID-19 cases on August 2, raising the national tally to 620 as of August 2, according to the National Steering Committee ...

Hundreds more Vietnamese citizens flown home from abroad on August 2

Hundreds more Vietnamese citizens flown home from abroad on August 2

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(Source: VNA)