Savills Vietnam forecasts growing demand for industrial, office property
Government policies and market forces are expected to propel the real estate sector for continued growth in 2024, with demand in industrial and office leasing segments expected to increase, according to experts from Savills Vietnam.
HCM City (VNA) - Government policies and market forces are expected to propel the realestate sector for continued growth in 2024, with demand inindustrial and office leasing segments expected to increase, according to experts from Savills Vietnam.
The latest report of the company saidhi-tech investment incentives are generating significant demand for industrialreal estate, including warehouses, cold storage facilities, logistics and datacentres. Tax incentives, favourable land policies and streamlined administrativeprocedures have attracted high-tech investors to Vietnam, notably giants fromthe US, the Republic of Korea and Japan.
To meetthe ever-growing demand, developers have heavily invested in industrial realestate projects, especially in areas with potential in attracting hi-tech projects such as HoChi Minh City, Hanoi, Binh Duong, Dong Nai, Bac Ninh, Bac Giang and Thai Nguyen.
Accordingto Savills Vietnam, the Vietnamese office market has defied the global trend,maintaining a high occupancy rate with stable rental growth. Notably, Ho ChiMinh City stands out as one of the potential office markets in the Asia-Pacific,boasting an occupancy rate of over 90%, while Hanoi also witnesses a highoccupancy rate of 85%.
Foreignenterprises and technology companies are increasingly interested in Environmental,Social, and Governance (ESG) standards,leading to a growing demand for certified sustainable offices. In Ho Chi MinhCity, around 28% of Grade A office supply is green certified, and it ispredicted that by 2026, 80% of Grade A and B office supply will be certified.
InHanoi, 20% of Grade A office supply was already green certified as of December2023, with an additional 68,400 sq.m of green office space expected from newprojects such as 27-29 Ly Thai To, Grand Terra, and Tien Bo Plaza.
🌜 GeneralDirector of Savills Vietnam Neil MacGregor said there is a growing demand for offices insuburban areas where rental prices are lower and commuting to industrial zonesand high-tech parks is more convenient.
By the end of 2026, Grade Aand B office supply in Ho Chi Minh City is projected to increase by anadditional 200,000 sq.m, representing a 20% increase from the current supply.Hanoi is expected to add 220,000 sq.m, up 13% from the existing supply./.
One of the critical factors helping attract impressive industrial investments to the Mekong Delta is a series of important infrastructure projects, according to Savills Vietnam.
Vietnam saw positive performance in the office market in its largest cities, Hanoi and HCM City, during the first nine months of this year, according to foreign real estate research firms based in Vietnam.
The industrial real estate market in the south was vibrant and thriving in the third quarter, with many ready-built factories and warehouses entering the market, according to real estate research companies.
The increasing demand for fresh food and e-commerce is serving as the main driving force of the domestic cold storage market - a niche segment of logistics to boom in the coming time.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
Illustrative image (Photo: VNA) 
