The demand for industrial real estate from European investors increased during the period of waiting for the Vietnam - EU Free Trade Agreement to be signed so far.
Savill has just published a quick report on the positive impact of the EU-Vietnam trade agreement on Vietnam's industrial property market. This unit stated that EVFTA is a point, strongly promoting the industrial and export sectors in Vietnam by removing 99% of tariffs on goods. The clusters and industrial parks of Vietnam have been increasingly attracting the attention of international investments, especially investors from Europe.
This unit said that EU investors are expressing deep concern and transparency of the legal and investment environment will continue to increase the attractiveness of the Vietnamese market. John Campbell, Head of Industrial Property, confirmed that the number of requests from EU customers has increased in the process of waiting for the agreement to be signed until it is completed.
This expert said that Vietnam - EU Free Trade Agreement will attract more and more attention of the market to Vietnam's industrial real estate. By facilitating the application of the latest production technologies and strengthening human resource training, the Vietnamese government is gradually eliminating enterprises' concerns about feasibility, or lack of human resources, force and increase costs. Improving the transparency of the business environment will help reduce investors' worries and raise production quality standards in Vietnam.
Mr. Troy Griffiths, Deputy General Director of Savills Vietnam evaluated, EVFTA showed the government's commitment to making Vietnam a leading destination in manufacturing industry in Asia. Bilateral trade activities will certainly increase in the coming time, leading to an increase in FDI inflows, an increase in the number of jobs and more opportunities in all segments of industrial real estate.
According to Ha Thanh