Vietnam’s industrial real estate market is becoming hotter, driven by an increase in foreign direct investment (FDI) flows.

The reopening of international flights to Vietnam after more than one year of closure, coupled with the country’s bright prospect for economic recovery, will help accelerate the inflow of foreign direct investment (FDI).

The industrial real estate market is expected to boom thanks to good signs in foreign direct investment (FDI) and the resumption of international flights, predicted experts from Savills Vietnam.

VOV.VN - Despite the negative impact of COVID-19, several major retail groups have quietly brought in new international brands to Vietnam this year, with priority being given to large-scale stores situated in prime locations in the centre of Ho Chi Minh City.

The resumption of international flights and the border reopening in March will not only benefit Vietnam’s hospitality sector but also drive demand for serviced apartments, according to Savills Vietnam.

VOV.VN - The number of hotel and resort projects with local and international brands in Vietnam has witnessed impressive growth, increasing from 36 projects in 2010 to 120 as of the end of January this year, according to statistics released by Savills Hotels.

After a gap of two years due to the COVID-19 pandemic, many hotel projects of international brands in Vietnam are expected to be put into operation this year.

VOV.VN - Many experts and leaders of travel firms believe that the local tourism sector will recover quickly from the second quarter of this year following the Government’s decision to reopen borders to travel from March 15.

The office lease market in Ho Chi Minh City is recovering, with hybrid working model comprising both remote and office-based work emerging as a bright spot, according to experts from Savills Vietnam.

The increasing demand for services for the elderly has created investment and business opportunities for local and foreign investors.