Illustrative image (Source: VNA)“However, in terms of new trends, data centres and coldstorage facilities are in demand and have gained traction in 2020 and 2021,” JohnCampbell, manager of Industrial Services at Savills Vietnam told the VietnamInvestment Review. “Next year, we expect this to continue, as Vietnamis now on the radar for hyperscale facilities.”
Low-value industries are beginning to set up elsewhere inSoutheast Asia as Vietnam no longer offers the same incentives, he said, addingthat these industries such as textiles and furniture struggle to sourceaffordable labour and land in Vietnam.
However, foreign and high value-added investors remainbullish on Vietnam’s long-term growth, Campell noted.
He further said that Vietnam is expected to continue itsmove up the value chain thanks to its stable growth, business climate, FTAs,and global production relocations.
In 2022 and beyond, it is also expected that some forecasttrends to continue to emerge, such as Industry 4.0 and smarter manufacturing,modernising supply chains, sale-leasebacks, new IZ models and modernmasterplans, data centres, and cold storage, he continued.
“The Government’s re-opening plan has instilled confidencein developers and investors,” the expert stated. “A successful 2022 willlargely rely on international flights resuming, but the fourth quarter of 2021is already looking more promising than the first three quarters.”
“Coupled with an encouraging re-opening plan, the Government’savowed support for foreign investors and the sheer resilience and adaptability oflocal enterprises are promising. It paints a reassuring picture that not onlywill the country recover but is likely to come back stronger than ever.”/.
VNA
