The growth of the Vietnamese auto industry presents a chance for industrial real estate developers to cash in. (Photo: diendanbatdongsan.vn) Hanoi (VNS/VNA) - New policies promoting development of the domestic automobile sector will create opportunities for the industrial real estate market, according to a CBRE Vietnam report released in December. The report said recent rapid changes in Vietnam’s regulations, policies and international trade agreements have had a significant positive impact on the automobile market. These changes will help not only the industry but also the consumer market. For the industrial real estate market, the most important factor is the increased demand for production space, the report said. The Vietnamese automobile industry still has much to do to compete with regional rivals. The State will introduce policies encouraging the domestic automobile industry to develop its production and business, according to the report. Industrial land developers … [Read more...] about CBRE: Growth in auto sector promotes industrial property development
Cbre vietnam report
Foreign giants tap Vietnam’s coworking space market
The Hanoitimes - With the high growth potential, coworking space is promising to bring tremendous utility not only for the users but also a ‘piece of cake’ which is attractive for both foreign and domestic investors. Major international coworking space players have entered Vietnam’s market, which has developed strongly over the past year driven by the country’s large millennial population. Vietnam’s coworking market will surge to over 90,000 square meters by the year-end The US-based coworking space firm WeWork this week announced that it will start putting into service its first coworking space office in Vietnam early next month. According to Turochas “T” Fuad, managing director for Southeast Asia at WeWork, the firm’s first coworking space in E-Town Central Building in Ho Chi Minh City’s District 4, which has four stories and can accommodate 1,000 people, is the firm’s largest space in the region. WeWork … [Read more...] about Foreign giants tap Vietnam’s coworking space market
Vietnam sees strong development in co-working space: CBRE
Vietnam has seen strong development in co-working spaces in recent years, and the growth will be higher in future, according to CBRE Vietnam, a foreign property consulting company. Vietnam has seen strong development in co-working spaces in recent years, and the growth will be higher in future. – Photo daubao.com According to CBRE Vietnam’s press release on May 28, as of April 2018, there are 19 co-working spaces (CWSs) in Hanoi and 15 CWSs in HCM City, with more than 23 co-working operators, inclusive of two international CWS operators. The number of co-working spaces has grown by 62 per cent from 2017 and has recorded a 55 per cent growth rate per annum over the past five years. By the end of this year, the number of co-working spaces is expected to increase to 45, with Hanoi and HCM City accounting for 56 per cent and 44 per cent of the market share, respectively. Major local operators, including Toong, UP, Circo and Dreamplex, are all expanding quickly, with each … [Read more...] about Vietnam sees strong development in co-working space: CBRE
Coworking space expanding in Vietnam: report
A concept that has been evolving for hundreds of years, given a fresh lease of life by technological advances over the last couple of decades, and named coworking by Brad Neuberg in 2005, has been catching on rapidly in Vietnam. A report by real estate firm CBRE Vietnam says there are 34 coworking spaces in Hanoi and Ho Chi Minh City, an increase of 62 percent from last year. In the last five years, the number of coworking venues in Vietnam has grown by an average of 55 percent, it says. Major local operators like Toong, UP, Circo and Dreamplex are all expanding at an accelerated rate, and the number of smaller operators with just one venue is also increasing. The growth is attracting increasing attention from international firms. The Hive, a coworking space maker from Hong Kong, is planning to open a new facility by the end of this year in Ho Chi Minh City. The company already has one office on Xuan Thuy road in District 2 in the same city. Naked Hub, a successful … [Read more...] about Coworking space expanding in Vietnam: report
CPTPP benefits Vietnam’s industrial property
Vietnam’s industrial real estate sector stands ready to take off after the CPTPP takes effect. (Photo: cafef.vn) – Vietnam’s industrial real estate sector stands ready to take off after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) comes into effect, experts have said. France’s FM Logistic, a leading group in international supply of warehouse, transport, and packaging, has been successful in renting and purchasing land in the northern region with the advice from real estate services company Cushman & Wakefield. As part of the firm “Ambition 2022” plan to expand geographical coverage to support customer growth, FM Logistic launched a 5,000 square-metre tri-temperature logistics warehouse in Bac Ninh province while purchasing an additional 50,000 square metres in the northern region to build the first European-standard storage in Vietnam. According to Director of Operations in Asia for FM Logistic … [Read more...] about CPTPP benefits Vietnam’s industrial property