• PROVIDING A STRATEGIC ADVANTAGE Through Technology & Processes
  • EXPERIENCE QUALITY Under One Brand with A Single Point of Control
  • UNITING LOCAL COMMERCIAL Real Estate Experience with Global Execution
  • DELIVERING RESULTS Through Collaboration & Integration

Vietnam

    Vietnam

    Vietnam, like many other South Asian nations, is still a developing economy. It's traditionally known for its agricultural production,but is now trying to reinvent itself to entice more foreign investment and Multi-National Corporations. Vietnam is beginning to see the payoffs of reinventing itself as many manufacturers have begun moving operations to the region that had previously been outsourced elsewhere, typically to India.Vietnam has a large, unskilled workforce, making it ideal for the manufacturing of many different goods and equipment. The main industries in Vietnam are food processing, garments, shoes, machine building, mining, cement, chemical fertilizer, glass, tires, oil, coal, steel and paper.

    As the global crisis has deepened, rents have started to fall faster, led by landlords looking to fill up their new office developments. It is predicted that the Vietnamese market will remain a tenant's market through 2009 and possibly beyond due to the high amount of supply. Rising vacancy rates will also assist tenants in the Class A markets which will allow for high end of rental rates to decrease over time.