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Industrial Properties: The emergence of tier-2 cities and provinces – Update

Sector note 21/01/2020    178

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  • Vietnam’s industrial property (IP) sector still enjoys healthy growth on the back of solid positive economic outlook and manufacturing diversion. We see two trends in the sector: 1) ready-built factory (RBF) leasing is becoming the new profit growth engine of small-size IP operators; and 2) the emergence of Tier-2 provinces; ie Ba Ria – Vung Tau, Hai Duong and Bac Giang.

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