Savills: EVFTA positively impacts on Vietnam’s industrial real estate
Savills: EVFTA positively impacts on Vietnam’s industrial real estate market
The EU-Vietnam Free Trade Agreement (EVFTA) has a positive impact on Vietnam's real estate market, especially the industrial real estate, said experts from Savills Vietnam.
Troy Griffiths, Deputy Managing Director of Savills Vietnam (Source: savills)
HCMCity (VNA) - The EU-Vietnam Free Trade Agreement (EVFTA) has a positiveimpact on Vietnam's real estate market, especially the industrial real estate,said experts from Savills Vietnam.
EVFTA is a landmark deal and strongly promotes industrial and export sectors inVietnam by removing 99 percent of tariffs on goods from both sides.
Vietnam's industrial clusters and zones have been attracting attention from investors,especially those from Europe.
Troy Griffiths, Deputy Managing Director of Savills Vietnam, said the tradedeal shows the Vietnamese Government's commitment to turning the country into aleading destination in manufacturing in Asia.
According to Griffiths, bilateral trade activities between Vietnam and the EUwill certainly rise, resulting in an increase in foreign direct investment andjobs and offering more opportunities in all real estate segments. - VNA
The European Union – Vietnam Free Trade Agreement (EVFTA), once taking effect, will benefit the agricultural sector of Vietnam which is leading the world in pepper exports and ranking second in terms of coffee exports, third in rice, fourth in seafood and fifth in wood and wood products.
Insiders have recommended Vietnam pay attention to developing weaving and other production activities supporting the textile-garment sector to make best use of the EVFTA, a freshly-inked free trade agreement with the European Union.
After Vietnam signed a bilateral free trade agreement with the European Union (EU), many Japanese enterprises expressed their optimism about business opportunities that the deal could bring to the Southeast Asian market.
Vietnam and the European Union (EU) last week signed a landmark free trade deal that will slash tariffs on almost all goods, including wood and timber products. It is expected to give Vietnamese wood exporters better market access and more opportunities to expand their business.
The freshly-signed EU-Vietnam Free Trade Agreement (EVFTA) will help the Vietnamese steel sector expand export markets in Europe, industry insiders said.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Troy Griffiths, Deputy Managing Director of Savills Vietnam (Source: savills) 
