VIETNAM TO SURGE AHEAD DESPITE TPP’S DEATH

Despite the withdrawal of America from the TPP deal, Vietnam will continue to see more FDIs in 2017, flowing into the manufacturing and real estate sectors.

Photography by Jan Yong

Market sentiments for Vietnam in 2017 continues to be rosy. A recently released survey conducted by the Urban Land Institute and supported by PwC (PricewaterhouseCoopers) on the Emerging Trends in Real Estate Asia Pacific 2017 has seen the main economic engine in Vietnam (especially Ho Chi Minh City) chart a steady course by maintaining its real estate investment prospect standing within the top tier of the Asia-Pacific region, and even improving by climbing up one position to fourth on the table.

The relative stability of the market void of extreme fluctuations in prospects has provided much needed credibility to Vietnam’s real estate market. In comparison, Ho Chi Minh City’s more illustrious neighbours occupying the top four spots above it in 2016’s survey results had all fallen from grace well below HCMC in 2017’s prospects.

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