The wave of transiting factories out of China by multinational companies, assistance from primary preferential trade agreements, and international acknowledgement of effective control of the COVID-19 pandemic from the Vietnamese government have greatly increased the chances of welcoming more investments in the country’s industrial real estate arena.
Generation Pass (Genepa), one of the largest woodwork makers in Japan, has a production facility in China’s Qingdao city, and is considering shifting 80 per cent of its production to Vietnam due to the negative implications of the current US-China trade dispute.
Vietnam’s industrial real estate is undergoing a turnaround to cash in on the rising wave of foreign capital influx and factories moving out of China.
Vietnam’s surge towards becoming Asia’s fastest-growing economy is helping the country attract even more capital from overseas sources.
The wave of high-tech companies investing billions of US dollars in Vietnam is already materialising, raising the question for the country on exactly how to absorb all the incoming capital.
