Viet Nam remains an attractive destination for investors. — Photo Internet With Covid-19 and trade tensions driving the shift of production lines from China to Southeast Asia, Viet Nam, in particular, seems to have emerged as an attractive destination for investors and manufacturers alike, experts have predicted. “Viet Nam remains a promising market with a growing trend of manufacturing companies looking to set up operations in the country, which has been happening for a number of years. Industrial park developers remain confident that demand for industrial land will continue to grow and therefore land prices are expected to increase in-line with the long-term potential of Vietnam’s industrial segment,” said Stephen Wyatt, country head for JLL Vietnam. According to JLL, multinational manufacturers have been setting up operations in Viet Nam for a number of years and this movement has accelerated over the past 12-24 months with companies looking to diversify their operations and supply chains due to tariffs on goods exported from China to the US. More companies are expected to follow suit as the cost of production rises. Data from the US Census Bureau show a 35.6 per cent surge in goods imports from Viet Nam last year, compared with… Read full this story
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