Booming demand for industrial property from the US-China trade war is sending impacts across the entire real estate spectrum The impacts of the US-China trade war are already felt across the Vietnamese real estate market, benefitting some segments while challenging others. At present, industrial real estate has numerous advantages attracting overseas investors, with a lot of economic zones, industrial zones, international and regional integration, and rapid growth. Besides, Vietnam has low-cost labour force in abundance. According to CBRE, industrial real estate in the northern provinces will be affected by the US-China trade war because of its proximity to China, especially in industrial zones in Bac Ninh, Haiphong, Quang Ninh, Hung Yen, Hai Duong, and some other southern industrial zones. Explaining this case, Nguyen Hoai An, director of CBRE Vietnam’s Hanoi branch, said that corporations usually apply the “China+1” model. “They build a facility in China and then look for a new destination to become an intermediary location or to serve as a target for expansion and relocation in the future,” said An. During the year-long US-China trade war, more and more corporations have been eyeing Vietnam as a destination. “Therefore, the number of transactions that CBRE did over the past… Read full this story
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