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LOGISTIC SYSTEM – ESSENTIAL FOR ECONOMIC DEVELOPMENT

In recent years, the logistics system has become a top development priority of the Government of Vietnam. High logistics costs are one of the major barriers affecting the competitiveness of the Vietnamese economy. Whilst the economy is highly open, dependent on import-export activities and foreign direct investment (FDI), manufacturing and processing enterprises have been suffering the most from under-developed logistics system.

To catch that issue, we developed the Vietnam Industrial Real Estate Report Q1.2021, which focuses on analyzing the relationship between industrial real estate and logistic system for manufacturing.

The Vietnam Industrial Real Estate Report Q1.2021 comprises of the following main contents: The current development status of the Logistic system and its impact on the development of processing and manufacturing activities; Analysis of the existing and planning production bases, thereby forecasting the development trend of logistic system, especially warehouses and logistic centers.

In 2019, foreign investors continue to gain the upper hand in prominent M&A events in Vietnam’s real estate market. Retail: optimistic movements when the supply (in Hanoi) and the average absorption rate increase. Office: new supply is still coming from Grade B offices. Rents have increased steadily due to meeting customer requirements, with occupancy rates of over 90%. Industrial park: Constant supply. Occupancy rate, rent is constantly improving. Apartments for rent: Hanoi market in the fourth quarter with additional Grade A apartments, HCMC market. HCM did not record additional supply, prices and vacancy rates were maintained stable. Hotel: supply decreased in both areas, prices and occupancy rates increased sharply due to the increase in tourists. Apartments for sale: The supply has increased in both Hanoi and Ho Chi Minh City. HCM, sales increased due to the market demand is still very high. Villa, adjacent: Hanoi continues to record growth in both new supply as well as the number of units sold in the city. HCM City is in short supply again due to slow business licensing...