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Vietnam is the 2nd fastest growing economy in Asia with widespread and visible improvements in living standards for much of the country’s population of 85 million. The country’s decade long effort to win entry to the WTO has already triggered a transformation of the operating environment and played a key role in lifting GDP. This has locked the country into market opening and deregulation policies, assisting Vietnam to transition from a rigid centrally planned economy based on collective ownership to one which is decentralized, socialist, yet market orientated economy.
Foreign direct investment continues to grow and outstrip many other emerging markets in Asia. In summary the growth momentum is sustainable in the coming years against the background of a stable political environment, positive demographics, accelerated pace of reforms supported by a young and new leadership, and increasing world trade and financial integration.
Vietnam, more so than other emerging markets, has an undeveloped legal structure and a complex and fast-changing regulatory framework presenting potential risks and pitfalls which professional advice can minimize.
Cushman & Wakefield’s approach is to set new standards of excellence and provide leadership to help shape this newly opened real estate market. Through our local team we are committed to international standards of service, focusing on Consultancy, Brokerage and Investment across the , Retail, Office and Hospitality sectors.