Vietnam’s two major cities, Hanoi and Ho Chi Minh City, have contributed to the country’s higher rank in the 2020 Global Real Estate Transparency Index.
Steady advances of the two metropolises have helped Vietnam reach the 56th place in this year’s ranking released by market researcher Jones Lang LaSalle (JLL).
The country has become a “semi-transparent” real estate market for the first time. GRETI covers 99 countries and territories, and 163 city regions.
This latest survey has been extended to quantify 210 separate elements of transparency, with additional coverage on sustainability and resilience, health and wellness, prop tech and alternatives sectors.
JLL has been tracking real estate transparency since 1999. According to JLL, over the past 10 years, Vietnam has gradually become a leading destination for the manufacturing industry in Southeast Asia and attracted significant foreign investment.
But Vietnam still need to continue improving its rating if wanting to draw more foreign investment. JJL concluded that the positive outlook of Vietnam's economy has drawn a lot of attention from global investor and increased competing of assets managing companies.
While investment into commercial real estate has inevitably paused during the pandemic, the overarching trend toward rising allocations to this asset class will continue.
As investors look to allocate more capital into real estate in this region, transparency becomes even more important./.
