Trade tensions between the U.S. and China are driving increased real-estate investor interest to Southeast Asian countries, with Vietnam’s industrial sector a key focal point, according to JLL.
Vietnam is outperforming its regional peers in terms of exports and can further count on more FDI to come as the result of the ongoing US-China trade tensions. And it all now depends on whether the country is equipped with appropriate capacity to absorb such FDI inflows.
Vietnam’s PMI has slumped to a six-month low in August due to slower client demand and US-China trade tensions restricting new orders and production, according to IHS Markit.
Despite the shadow of US-China trade tensions, Vietnam posted strongest new order growth
Vietnam is having what it takes to upsize its economy, outshining even Singapore, thanks to a raft of foreign investors queuing to get into the nation, a strong FDI drift and the ongoing trade tensions that promote the nation to be the new manufacturing hub.
