Investors in Taiwan are particularly interested in Vietnam’s industrial, office and retail real estate sectors, motivated by the country’s progress in improving the legal framework and significant investments in key infrastructure, according to property consultancy Savills Vietnam.
This year, Taiwan has been the second largest foreign investor in Vietnam, with $407.1 million, according to the Foreign Investment Agency.
Cumulatively, the island was the fourth largest foreign investor in Vietnam as of the middle of this year.
Its investments are mainly focused on the manufacturing, construction and real estate sectors.
There is a long history of Taiwanese investment in Vietnam, dating back more than 30 years and spanning both the manufacturing and real estate sectors, says Neil MacGregor, managing director of Savills.
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In the early days, the key factor was the low cost of labor, which led to many large manufacturers in the clothing and footwear sectors establishing a strong presence.
This year, Taiwan has been the second largest foreign investor in Vietnam, with $407.1 million, according to the Foreign Investment Agency.
Today, while these investors continue to expand their presence in Vietnam, more and more high-tech investors from Taiwan are moving their production to Vietnam.
In the real estate sector, some of the most successful projects in Vietnam are from Taiwanese investors, such as Phú Mỹ Hưng, the Royal Center and Nikko Hotel in Ho Chi Minh, he added.
Sử Ngọc Khương, Savills’ senior investment director, said the country’s property market offers tremendous opportunities for foreign investors.
“The strengths of Taiwanese investors are their strong financial resources, business and product development experience, customer base and low financial costs.”
Savills data shows that investors in the manufacturing, industrial and family office sectors are bullish on the Vietnamese market, which is positive for the industrial and commercial real estate segments.
The country currently has 406 industrial parks.
Article republished from the Vietnamese state media VNA in the framework of an agreement between both parties to share content. Link to the original article: https://vietnamnews.vn/economy/1496248/taiwanese-investors-demand-for-industrial-property-expected-to-be-high-savills.html
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