After the APEC conference, will office rents in Ho Chi Minh City increase?

31-01-2018 16:00:11

After the APEC conference, will office rents in Ho Chi Minh City increase?

After the APEC conference, will office rents in Ho Chi Minh City increase? This is the subject that few people notice. Here are some analyzes and comments of VNREAL OFFICE. We invite you to read and predict the office market for lease in 2018 here.
Vietnam is entering an important APEC week in Da Nang. Nearly the end of the year: November 2017 with 21 major economies of the world: Vietnam, USA, China, Russia, Japan, Korea, Thailand, Canada, Singapore, Australia, Peru, Chile, Taiwan , Hong Kong, Mexico, Brunei, New zealand, Philippines. Here the member countries will discuss and connect the major economies together to provide solutions for bilateral cooperation in global economic development, especially economic development of APEC member countries, In addition to economic development, APEC also discussed security, defense and global peace issues. Very lucky for Vietnam because we are the host country this year.
 

Visiting APEC member countries, delegations from APEC member countries visited Hanoi and Da Nang for APEC meetings. In addition to the high-ranking leaders of the countries, there are many leaders of large corporations, rampant to Vietnam, with the first purpose is economic development. Therefore, this is a great opportunity for Vietnam in particular and big countries in general. It is forecasted that after the APEC summit there will be hundreds of large enterprises and corporations in the world of member countries that will invest in Vietnam directly or indirectly. Specifically, Hanoi, Ho Chi Minh City, Da Nang, and the surrounding areas. FDI and ODA will increase sharply in the coming year to 2018. This will certainly be a great opportunity for the Vietnam economy to develop stronger, much brighter than the years.

When large corporations of APEC member countries invest massively in Vietnam, they will be attracted by the organizations of other countries to invest strongly in Vietnam. At the demand for housing: hotels, high-end apartments for rent, especially the office rental market will increase drastically. Not only the office leasing market in big cities: Hanoi, Da Nang, Can Tho ... Office for lease in Ho Chi Minh City will be the most exciting place.
 

According to the study of VNREAL OFFICE up to now, office leasing market in HCM City is declining. Through the years 2016 and 2017, Vietnam's economy is strongly developed, due to macro policies of the government. The trend of starting a business is strongly affecting many classes of entrepreneurs, especially young people. The number of newly registered enterprises has risen sharply, according to data of the Department of Business Registration under the Ministry of Planning and Investment till the end of October. There are 105 125 enterprises newly registered. Old businesses have grown tremendously over the past two years, expanding their operations.
In addition to these issues in HCM City is facing the problem of planning, urban development infrastructure, especially traffic, construction management ... Department of construction does not license for new projects in CBD area, especially CBD area.
These parameters have strongly influenced the supply of offices for rent in Ho Chi Minh City in recent years and predicted that in 2018 will continue to reduce supply and demand. Some records of VNREAL OFFICE so far we are receiving more than 30 large demand for office space in the first quarter of 2018 with businesses ordering up to 5000 m2. Most of these needs come from the fields of finance, banking, IT, telecommunication, trade services ... With the above analyzes and comments, the office rent in Ho Chi Minh City in 2018 will increase especially after the APEC summit.

Above are some comments of VNREAL OFFICE about the office market in the near future, You can refer more sources to decide whether you should rent office sooner or continue to renew. the old buildings.

If you have a need for office rental, please contact VNREAL OFFICE: 0918464777 for a free consultation, and update your latest office rent.
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