Vietnam office market will make rapid recovery: experts

The office market in Vietnamese cities like Hanoi and Ho Chi Minh City is likely to recover faster post-COVID-19 than other major cities in the Asia Pacific, experts have predicted.

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A report from Savills showed that HCM City has been the best performer in the region this year with occupancy of 96 percent and an increase in rents of 4 percent.

High-grade office space usually attracts foreign tenants, and so interest in the grade A segment would increase proportionately with FDI inflows, it said.

HCM City and Hanoi have been among the top five cities and provinces in terms of FDI inflows this year.

The company forecast FDI to increase strongly after the pandemic ends because of the series of free trade agreements signed in recent times, including the European Union – Vietnam Free Trade Agreement that came into effect recently./.

VNA