Industrial property continues dominating the market thanks to the fast growing manufacturing industry. Foreign investors have rated Vietnam one of next manufacturing hubs in Southeast Asia over unprecedented changes in the global landscape caused by the Covid-19 pandemic. Industrial property remains the leading segment in Vietnam’s 2020 real estate market. For that reason, the fast development of manufacturing has fueled industrial property market thanks to increasing foreign direct investment (FDI) that results from strong espiration for safe shelter. Indeed, industrial property has appeared to be the leading market segment in Vietnam in 2020 with the support of continued FDI since the start of this year. In the first three quarters 2020, manufacturing topped Vietnam’s sectors in drawing FDI, accounting for 46.47% of the country’s total FDI commitments in the period, according to the Ministry of Planning and Investment. Industrial property continues showing its dominance with rising market attention, proving it the most attractive sector in the market with demand growing strong as companies are still looking to relocate from China amidst political uncertainty. For the past few years, significant interest from foreign investors had sent land value and rental rate increasing. In a latest move, the shift of manufacturing bases… Read full this story
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