EVFTA has an impact on the industrial real estate market

The EU - Vietnam Free Trade Agreement (EVFTA) is a landmark agreement, strongly promoting the industrial and export sectors in Vietnam through the removal of 99% of tariffs on goods. As a result, Vietnam's zones and industrial parks are increasingly attracting the attention of investors.

The EU - Vietnam Free Trade Agreement (EVFTA) will increasingly attract market interest in Vietnam's industrial real estate.

EU investors are expressing their deep concern and transparency of the legal and investment environment will continue to increase Vietnam's national reputation. However, the United States has recently imposed tariffs on Korean and Taiwanese steel products manufactured and processed in Vietnam. This shows that the origin of import and export items is increasingly being monitored by countries around the world.

Mr. Troy Griffiths, Deputy General Director of Savills Vietnam, commented: “One more good news for Vietnam real estate market. This agreement demonstrates the government's commitment to making Vietnam a leading destination in the manufacturing industry in Asia. Bilateral trade will undoubtedly increase, leading to increased FDI inflows, increased employment, and more opportunities across all real estate segments”.

Mr. John Campbell, Head of Industrial Real Estate Division, confirmed that the number of requests from EU customers has increased while waiting for the agreement to be signed.

He also gave advice: "The EU - Vietnam Free Trade Agreement will increasingly attract market attention to Vietnam's industrial real estate. By facilitating the application of the latest production technologies and increasing human resource training, the Government of Vietnam is gradually eliminating enterprises' fears about feasibility, or the shortage of human resources and increasing costs 2. Improving the transparency of the business environment will help reduce investor concerns and raise production quality standards in Vietnam”.

According to Minh Thu