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Vietnam remains attractive for investors: Savills

Amid considerable changes in the global investment trend in many important real estate segments, Vietnam has still been one of the destinations drawing great interest from investors thanks to the positive recovery capacity and the flexibility of the country’s economy, according to a recent report from Savills Vietnam.
Vietnam remains attractive for investors: Savills ảnh 1Vietnam has still been one of the destinations drawing great interest from investors thanks to the positive recovery capacity and the flexibility of the country’s economy (Photo: VNA)
HCM City (VNA) – Amid considerable changes in the global investment trend in many important real estate segments, Vietnam hasstill been one of the destinations drawing great interest from investors thanksto the positive recovery capacity and the flexibility of the country’s economy,according to a recent report from Savills Vietnam.

Savills highlighted some large-scale merger and acquisition (M&A)deals in Vietnam in the second quarter of 2023, including Everland OpportunityIX’s purchasing of three hotels in Vietnam and Indonesia from StrategyHospitality Holdings Ltd. with 106 million USD.

Meanwhile, Keppel and Keppel Vietnam Fund acquired a 49%stake in two residential projects in Thu Duc city in Ho Chi Minh City with anarea of 11.8 hectares from Khang Dien Group with 136 million USD. THTDevelopment Co. Ltd. also transferred 1.13 hectares of land in Starlake City inHanoi to CMC Technology Group to build an innovation centre with an investmentof 76 million USD.

Troy Griffiths, Deputy Managing Director of Savills Vietnam, said that despite short-term pressures on inflation as well as a decline inproduction and export, Vietnam's medium-term outlook remains positive. Thereduction in interest rates prescribed by the State Bank of Vietnam (SBV) hasstimulated economic growth by reducing the cost of capital for borrowers andcredit institutions.

FDI inflows into Vietnam are showing many promisingopportunities. Although the total FDI decreased, newly registered projects andcapital increased sharply, especially in the manufacturing sector. Improvementsin infrastructure development, administrative reform and investment ininnovation hubs in Vietnam are also contributing to making the market moreattractive to international investors, said Griffiths.

Vietnam remains attractive for investors: Savills ảnh 2Bac Ninh is an ideal choice for domestic and foreign tenants as well as investors in developing ready-built warehouses (Photo: VNA)
The SBV has lowered interest rates tosupport growth and FDI inflows remain sound. New regulations supporting debt restructuring will be positive for real estateand will boost transparency, which is positive for sustainable growth in thelong term, he added.

Thomas Rooney, Senior Manager of Industrial Services atSavills Hanoi, said that the Purchasing Managers' Index (PMI) and the Index of IndustrialProduction in Vietnam both had positive increases in the first months of 2023. Themarket continues to record large investment deals and business activities are bustling.However, the current global economic situation has led to a decline inaggregate demand. He held that the State needs to solve the problem in a timelymanner and in combination with preventive measures to promote economicdevelopment.

The official held that until the end of 2023, transactions willcontinue to take place and the supply still be abundant. As for the supplyof ready-built factories, the attraction of localities such as Hai Phong willincrease in the eyes of investors as well as tenants. In addition, Bac Ninh isalso an ideal choice for domestic and foreign tenants as well as investors indeveloping ready-built warehouses, as the province has risen to the third placein terms FDI attraction, he noted.

In general, the shift to the global supply chain has createdmany new opportunities and also brought certain challenges. Therefore, theVietnamese market needs to grasp trends and access opportunities fully andquickly, so that it can make the best use of it and create a breakthrough,according to Savills./.
VNA
#Savills Vietnam #merger and acquisition (M&A) #Troy Griffiths #State Bank of Vietnam (SBV) #Vietnamese market #Vietnam #Vietnam news #Vietnam News Agency
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