






{"id":3709,"date":"2019-07-23T08:34:34","date_gmt":"2019-07-23T08:34:34","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3709"},"modified":"2021-06-04T14:33:40","modified_gmt":"2021-06-04T07:33:40","slug":"trade-war-spurs-industrial-land-rents-in-southern-vietnam","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/trade-war-spurs-industrial-land-rents-in-southern-vietnam\/","title":{"rendered":"Trade war spurs industrial rents in southern Vietnam"},"content":{"rendered":"<p>The exodus of manufacturers in China propelling land leasing costs in HCMC and its environs<\/p>\n<figure id=\"attachment_3710\" aria-describedby=\"caption-attachment-3710\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-3710\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/07\/shutterstock_630129953.jpg\" alt=\"\" width=\"1000\" height=\"593\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/07\/shutterstock_630129953.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/07\/shutterstock_630129953-300x178.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/07\/shutterstock_630129953-768x455.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-3710\" class=\"wp-caption-text\">Ho Chi Minh City, Vietnam. Nguyen Quang Ngoc Tonkin\/Shutterstock<\/figcaption><\/figure>\n<p>Industrial parks in Ho Chi Minh City and its surrounds posted sanguine rental growth in the second quarter of 2019, according to a new report from JLL Vietnam.<\/p>\n<p>Land leasing costs in HCMC&#8217;s industrial zones as well as those in the provinces of Binh Duong, Dong Nai, Long An and Ba Ria-Vung Tau hit USD95 per square metre on average during the quarter, up 15.8 percent year-on-year.<\/p>\n<p>Strong demand, supported by the escalating trade war, drove the increase. \u201cAs US-China trade tensions will likely escalate, the trend of manufacturing shifting away from China to the South East Asia region will continue to benefit the whole region, including Vietnam,\u201d JLL reported.<\/p>\n<p>Vietnam\u2019s industrial property sector will also benefit from continuous expansion of trade networks, led by the signing of the European Union-Vietnam Free Trade Agreement (EVFTA) last month.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/in-war-as-in-peace-vietnam-real-estate-is-a-winner\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: In war as in peace, Vietnam real estate is a winner<\/strong><\/a><\/p>\n<p>Such agreement \u201cbolsters the attractiveness of Vietnam&#8217;s industrial market, generating further demand for industrial property in the country,\u201d JLL researchers commented.<\/p>\n<p>In HCMC alone, the average rent hit USD162 per square metre for every lease term.<\/p>\n<p>The average occupancy rate in the top five industrial markets of Vietnam\u2019s Southern Key Economic Zone was 81 percent, a \u201chealthy rate\u201d, noted JLL.<\/p>\n<p>An additional 18,290 hectares of land is slated for industrial development in southern Vietnam. These will be predominantly located in the Long An, Binh Duong and Dong Nai provinces.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The exodus of manufacturers in China propelling land leasing costs in HCMC and its environs<\/p>\n","protected":false},"author":8,"featured_media":20191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[406,407,404,405],"class_list":["post-3709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binh-duong","tag-dong-nai","tag-ho-chi-minh","tag-long-an","news_country-vietnam","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trade war spurs industrial rents in southern Vietnam | Asia Property Awards<\/title>\n<meta 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