HO CHI MINH, 13 July 2018 – Over the past 20 years Vietnam has established itself as one of the brightest manufacturing hotspots within South East Asia. In 1986, there was 335 hectares of land dedicated to industrial parks. Fast forward to 2018 and Vietnam now boasts 80,000 hectares. This phenomenal growth can be attributed to 1) Vietnam establishing itself as an export driven economy, 2) dedicated Industrial and Economic Zones, 3) numerous free trade agreements (“FTAs”), 4) strong economic growth and 5) young, plentiful, low cost workforce.
These initiatives have led to significant investment by large foreign companies. The best case study is Samsung who have reportedly invested over $17B in Vietnam. This has provided confidence to a raft of other foreign companies from around the globe to set up operations in the country.
The industrial property market in Vietnam, including industrial land, ready-built factories, warehouses and logistics properties, is in the nascent stage of development. The market is concentrated in three key zones, namely North, Central and South Key Economic Zones. The Southern region was the first hub and home to conventional sectors. The North has attracted more advanced high-tech industries and strategically located close to China. The Central region is the relative new comer.
In 13th July, 2018, JLL release a White paper aims to provide a comprehensive overview of the industrial market, the key advantages of investing and operating in the country, the potential impact of Industrial 4.0 and how E-commerce will play an important role in the development of the logistics sector.
For more information, click http://www.joneslanglasalle.com.vn/vietnam/en-gb/news/447/vietnam-southeast-asia-new-industrial-powerhouse
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