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Savills: EVFTA positively impacts on Vietnam’s industrial real estate

Savills: EVFTA positively impacts on Vietnam’s industrial real estate market

The EU-Vietnam Free Trade Agreement (EVFTA) has a positive impact on Vietnam's real estate market, especially the industrial real estate, said experts from Savills Vietnam.
Savills: EVFTA positively impacts on Vietnam’s industrial real estate market ảnh 1Troy Griffiths, Deputy Managing Director of Savills Vietnam (Source: savills)

HCMCity (VNA) - The EU-Vietnam Free Trade Agreement (EVFTA) has a positiveimpact on Vietnam's real estate market, especially the industrial real estate,said experts from Savills Vietnam.

EVFTA is a landmark deal and strongly promotes industrial and export sectors inVietnam by removing 99 percent of tariffs on goods from both sides.

Vietnam's industrial clusters and zones have been attracting attention from investors,especially those from Europe.

Troy Griffiths, Deputy Managing Director of Savills Vietnam, said the tradedeal shows the Vietnamese Government's commitment to turning the country into aleading destination in manufacturing in Asia.

According to Griffiths, bilateral trade activities between Vietnam and the EUwill certainly rise, resulting in an increase in foreign direct investment andjobs and offering more opportunities in all real estate segments. - VNA
VNA
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