Vietnam
Overview
Vietnam is a communist state which occupies the eastern and southern part of the Indochinese peninsula in Southeast Asia. A densely populated developing country that has been transitioning from a highly agrarian economy to a more industrial and market-based economy.
Facts and figures
| Population | 97,621,490 |
| Population density (people per sq. km of land area) | 314 |
| GDP per capita in US$ | 2,715.3 |
| Main industries | Electronics Agriculture Mining Textiles Food processing Services and Tourism |
| Total office stock in sq m / sq f | 1,370,000 (Ho Chi Minh City) 2,100,000 (Hanoi) |
| Total retail stock in sq m / sq f | 1,046,000 (Ho Chi Minh City) 1,200,000 (Hanoi) |
| Total industrial stock in sq m / sq f | 249,500,000 (Ho Chi Minh City) 180,200,000 (Hanoi) |
Economy
Vietnam is considered one of the leading agricultural exporters of Southeast Asia. Its economic development over the past 30 years has been remarkable. The economy continued to show fundamental strength and resilience, supported by robust domestic demand and export-oriented manufacturing.
Growth
Vietnam is forecast to be one of the fastest-growing economies in Southeast Asia, despite the impact of COVID-19. According to the ADB’s Asian Development Outlook 2020 report published on April 3, 2020, Vietnam’s economic growth will decline sharply to 4.8 percent in 2020 but bounce back up to 6.8 percent in 2021, provided the pandemic is contained.
Unique aspects
The economy is fast-rising due to labour shifting from agriculture to manufacturing and services, private investment, a strong tourist sector, higher wages, and accelerating urbanisation. The biggest contributors are the large-state owned industries and the agricultural sector.
Key cities
Ho Chi Minh
A city which is named after a Vietnamese revolutionary and politician. Currently, this is Vietnam’s business and financial hub, and a popular tourist destination. Some of the best places are the War Remnants Museum for history and culture enthusiasts, and the Landmark Vincom 81 for tourist and business travellers.
Hanoi
The second largest and the capital city of Vietnam located on the banks of the Red River, which is one of the most ancient capitals in the world. The city where you can find the fusion of business and culture making it one of the most progressive cities in Asia.
Office overview in Vietnam
Selected business districts for rent or lease of office space
Hanoi, Vietnam
The capital city represents growth and development given that there are a lot of commercial offices and businesses. On this city lies different towers and financial centers which are home to multinational companies and large businesses.
Ho Chi Minh City, Vietnam
Ho Chi Minh, the largest city of Vietnam with a population of over 8.9 million, is the economic and financial center of the country. Composed of 19 Districts, the most prominent of which is District 1 or the Saigon District, home of the iconic landmarks and skyscrapers.
Retail overview in Vietnam
Selected districts for rent or lease of retail space
Hanoi, Vietnam
As the capital city of Vietnam, Hanoi is not just known for its bustling skyscrapers and multinational finance centers, but also, for its array of some of the biggest and prominent shopping establishments and retail stores.
Ho Chi Minh City, Vietnam
As the country’s most populated city, this is where the most prestigious and world-class shopping malls and commercial centers are found. This is the best place to work and to enjoy shopping.
Da Nang, Vietnam
Da Nang marks the halfway point between the capital in the north, Hanoi, and Ho Chi Minh City in the south. It’s the fourth largest city in Vietnam. Being one of the tourist destinations, this city has some of the most visited commercial and shopping areas in the country.
Industrial overview in Vietnam
Selected districts for rent or lease of industrial space
Hanoi, Vietnam
Being the capital city, Hanoi is where the biggest industry investments are. Some of them are the mining industry, manufacturing and processing, and the technological investments which generated billions of revenue.
Ho Chi Minh City, Vietnam
The economy of Ho Chi Minh City consists of industries ranging from mining, seafood processing, agriculture, and construction, to tourism, finance, industry and trade. This city has routes that lead to different parts of the country for easy travel and transportation.
Hai Phong, Vietnam
Hai Phong is the main port of northern Vietnam and the third most populous metropolis in the country. It is the location of some notable tourist spots and skyscrapers. This city has also become the leading industrial center of Vietnam.
Can Tho, Vietnam
One of the largest and most populated cities of Vietnam, Can Tho is known to be the industrial capital of the country. This is where floating markets, rice-paper making industry, cacao farms, rice mills and fertilizer manufacturers are found.