While the pandemic left the world grappling with supply-chain and logistical disruptions, the demand for warehouses has soared due to overwhelmed transport networks and a surplus of raw materials to ward off inventory shortages.
Li said the pandemic has certainly led to an unfortunate series of events, however, from a business perspective, it’s been an accelerant for warehouse demand.
With a skilled and relatively inexpensive workforce, rapidly improved infrastructure, and a growing number of trade agreements that Vietnam is a part of, the country continues to be an attractive destination for foreign investment, he stressed.
In addition, the growth of e-commerce will lead to an upswing in warehouse demand in Vietnam, which is still in a relatively nascent stage and accounts for only 5.5 percent of total retail sales,/.
