Vietnam has gathered momentum over the past few years to establish itself as the production hub for Southeast Asia and now offers a viable alternative for companies looking to establish their operations outside of China. This is backed by a number of key fundamentals, such as strategic location, business-friendly environment, and competitive labour costs. While Hong Kong’s central area will set you back in occupancy costs of $338 per square foot, premium offices in Taipei are 80 per cent lower and, in Seoul, office costs are around 70 per cent lower. With a coastal line stretching over 3,200 kilometres along the East Sea, Vietnam possesses an advantageous geographical location that provides great access to the world’s major shipping lanes. As a result, sea transport has been the most prominent mode of freight transportation facilitating international trade, with the majority of cargo going through the shipping hubs located at either end of the country. The south, with the … [Read more...] about Haiphong a goldmine for industrial property
Rail support industries
JLL: Hai Phong a ‘hot’ location for industrial investment
Northern Hai Phong city has been viewed as a “hot” location for industrial investment over recent years after attracting a large amount of FDI, which garnered attention and support from authorities and was supported by a major infrastructure boom and numerous government incentives, according to JLL’s “Northern Vietnam: A Vision for Growth” report released on April 25. Given its proximity to China, just 200 km from the border, Hai Phong is widely regarded as a China+1 manufacturing base in ASEAN to take advantage of the China-ASEAN FTA. The Hai Phong Economic Zone, which offers companies preferential treatment when they set up operations, is also acting as a catalyst to tempt more investors to the region. The city is one of five in Vietnam, with direct connections to central authorities. Home to nearly 2 million people, it is the third-largest city in the country, after Ho Chi Minh City and Hanoi. Its rapid urbanization has underpinned its … [Read more...] about JLL: Hai Phong a ‘hot’ location for industrial investment
Haiphong – city of heated industrial property
The Hanoitimes - Located on the main economic corridor, Haiphong is set to become the main gateway for import and export in Vietnam`s northern region. Northern industrial real estate benefits from manufacturing growth FDI boosts Vietnam’s industrial real estate in 2018 South Korea eyes deep sea port project in Haiphong Haiphong, the northern coastal city receiving shipment from many parts of the world, has appeared to be one of the most buzzling economic hubs in Vietnam’s northern region and so is its industrial real estate segment, JLL has predicted. An overview of Haiphong. Photo: Haiphong.gov.vn Position fuels economic growth Being one of five major cities in Vietnam with direct connection to Hanoi and located on the main economic corridor, along the north-eastern coastal area, Haiphong is set to become the main gateway for import and export in the northern region, according to Country Head of JLL Vietnam Stephen Wyatt. Given its … [Read more...] about Haiphong – city of heated industrial property
Haiphong – potential for industrial property
The Hanoitimes - Located on the main economic corridor, Haiphong is set to become the main gateway for import and export in Vietnam`s northern region. Northern industrial real estate benefits from manufacturing growth FDI boosts Vietnam’s industrial real estate in 2018 South Korea eyes deep sea port project in Haiphong Haiphong, the northern coastal city receiving shipment from many parts of the world, has appeared to be one of the most buzzling economic hubs in Vietnam’s northern region and so is its industrial real estate segment, JLL has predicted. An overview of Haiphong. Photo: Haiphong.gov.vn Position fuels economic growth Being one of five major cities in Vietnam with direct connection to Hanoi and located on the main economic corridor, along the north-eastern coastal area, Haiphong is set to become the main gateway for import and export in the northern region, according to Country Head of JLL Vietnam Stephen Wyatt. Given its … [Read more...] about Haiphong – potential for industrial property
France faces second day of transport chaos as rail workers strike
Weeks of disruption lie ahead for France's 4.5 million daily train passengers AFP/ludovic MARIN Only one in seven high-speed TGV trains and one in five regional trains were expected to be running, state rail operator SNCF warned, after similar stoppages on the first day of the walkout that French media dubbed "Black Tuesday". The strike is being led by SNCF staff but workers at Air France as well as garbage collectors and some energy workers also staged separate walkouts in a growing atmosphere of social strife 11 months after 40-year-old Macron came to power. Macron's government says the heavily-indebted SNCF needs deep reforms as EU countries prepare to open passenger rail to competition by 2020, arguing it is 30 per cent more expensive to run a train in France than elsewhere. Unions fear the changes are a first step towards privatising the national rail operator - a claim the government denies - and object to plans to strip new hires of a special rail workers' status guaranteeing … [Read more...] about France faces second day of transport chaos as rail workers strike