Việt Nam jumped four places to rank 56th globally, according to the Global Real Estate Transparency Index by JLL and LaSalle Investment Management, amid improving building standards across Asia.
The supply of industrial property in the South is expected to rise further in the next five years to capitalise on the increasing demand in the region, and further strengthen its leading position in terms of supply,.
Việt Nam’s logistics industry has grown tremendously alongside with the upsurge in the demand of home delivery in 2020 despite impact of COVID-19 pandemic including social distancing and lockdown, participants heard at a forum on January 5.
Covid-19 and trade tensions are driving the shift of production lines from China to Southeast Asia and Viet Nam seems to have emerged as an attractive destination.
Investors are looking industrial and logistics assets through joint ventures with local industrial developers and/or acquisition of land bank and operating real estate.
Recognising the threat online retail channels, owners of shopping centres will have to explore the use of retail space for non-conventional uses, particularly education, flexible workspaces and fitness clubs, according to Jones Lang LaSalle Incorporated (JLL).
Locals being granted permission to gamble at domestic casinos has given Viet Nam’s growing hospitality industry an added boost, according to JLL experts.