Business

Taiwanese investors’ demand for industrial property expected to be high: Savills

Investors from Taiwan (China) are particularly keen on Vietnam’s industrial, office and retail real estate, motivated by the country’s progress in improving the legal framework and substantial investment in key infrastructure, property consultancy Savills Vietnam said.
Taiwanese investors’ demand for industrial property expected to be high: Savills ảnh 1Chau Duc Industrial Park in Ba Ria-Vung Tau province. Investors from Taiwan (China) are particularly keen on Vietnam’s industrial, office and retail real estate. (Photo: VNA)
HCM City (VNS/VNA) - Investors from Taiwan (China)are particularly keen on Vietnam’s industrial, office and retail real estate,motivated by the country’s progress in improving the legal framework andsubstantial investment in key infrastructure, property consultancy Savills Vietnamsaid.

This year, Taiwan has been the second largest foreign investor in Vietnamwith 407.1 million USD, according to the Foreign Investment Agency under theMinistry of Planning and Investment.

Cumulatively, the island was the fourth largest foreign investorin Vietnam as of mid-2022.

Its investments are mostly in manufacturing, construction and realestate.

There is a long history of Taiwanese investment into Vietnamdating back over 30 years and covering manufacturing as well as real estate, saidManaging Director of Savills Neil MacGregor.

In the early days, the key driver was low-cost labour andthis saw many large manufacturers from the garment and footwear industriesestablish a strong presence, he said.

Today, while these investors continue to expand their presence in Vietnam,there are also increasingly hi-tech investors from Taiwan moving production to Vietnam,he said.

In real estate, some of the most successful projects in Vietnamare by Taiwanese investors, including Phu My Hung, Royal Centre and Nikko Hotelin Ho Chi Minh City, he added.

Su Ngoc Khuong, Senior Director of Investment at Savills, said thecountry’s real estate market offers tremendous opportunities for foreigninvestors. 

“The strengths of Taiwanese investors are their strong financialresources, business and product development experience, customer base, and lowfinancial costs.”

Savills data showed that manufacturing, industrial and familyoffice investors are bullish on the Vietnamese market, a positive forthe industrial and commercial real estate segments. 

The country currently has 406 industrial parks./.
VNA
#Taiwan (China) #retail real estate #Savills Vietnam #Foreign Investment Agency #Nikko Hotel #Vietnam #Vietnam news #Vietnam News Agency
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