Vietnam is benefitting enormously from the US-China trade war as the contention has been taking a toll on growth in the world’s two largest economies, and investment opportunities are rising in the country. Here are the top 3 reasons why you should invest in Vietnam.
The number of trade agreements Vietnam has signed is a good indication of the openness to the global economy, making the market more liberal.
Some of the international memberships and significant agreements:
Especially with the EVFTA, promising growth is evident with the growth trajectory of Vietnam’s development with more than 99 percent of tariffs on Vietnamese exports to the EU will be removed. Its commitment towards promoting the country’s economic growth and international trading has brought corporates relocating from China and henceforth, property investment in the country is on the rise.
PricewaterhouseCoopers recently estimated that the country may be the fastest-growing of the world’s economies with a potential annual GDP growth rate of 5.2%, which would make it the world’s 20th largest economy by 2050.
Vietnam has been targeting annual GDP growth of 6.5%-7.0% for the 2016-2020 period, and in 2018 it grew by 7.08%, according to the International Monetary Fund (IMF), which had put GDP at more than $240 billion in 2018.
Infrastructure system plays an important role in the socio-economic development of any country, especially in a fast-growing economy like Vietnam.
Vietnam has a strong project pipeline in roads, rails, bridges, public service infrastructure, urban transportation such as MRT, and more importantly, the infrastructure for its ports and special economic zones. According to studies, between 2016 and 2020, Vietnam will need an investment of approximately $38 billion per annum for various socio-economic infrastructure projects.
Vietnamese government’s efforts to bolster infrastructure at key economic and industrial zones such as Ho Chi Minh City, Hanoi and the northern port city of Hai Phong has helped modernise the country and contribute to social mobility.
So you see the potential of Vietnam, and the question now is HOW to invest.
If you are new to Vietnam Property Investment, you may also have these questions in mind.
While you should not miss this golden opportunity, you should also be aware of the risks involved in bringing your money to an emerging economy. However, these risks can be minimized with a trusted partner.
Asia Bankers Club is one of the pioneers promoting Vietnam real estate since the market opening up in 2015. Over the years, we have built a reputation amongst investors, bankers, members and our private guests, expats from everywhere, especially those from Hong Kong and Singapore, who are looking to diversify their investment portfolio.
Asia Bankers Club works directly with reputable developers and is given exclusive foreign quota stocks for their projects.
We can assist you in all stages: before you invest, during your purchase and after, from pre-investment, maintenance and management, to exit strategy.
Asia Bankers Club has its own project management and leasing companies, providing services such as:
Our group has been doing business in Vietnam for a period of time, with an extensive network of contact and realistic knowledge of the local market ready to be shared with you. Our offices and representatives in Ho Chi Minh City and Hanoi enable us to be ready and be always up-to-date to the latest changes on regulations and policies.
For each project, we research thoroughly from the macro environment to the micro details of the properties, the area’s market updates to tenant and buyer behaviour, environment as well as its average income level, you name it. We are well-versed in the local region and are able to explain to you the know-how relating to foreign investments going into these regions.
We’ve organized iconic and sold-out events throughout the years:
We are recognized on media and our company representative is often interviewed for our views on Vietnam and overseas investment:
Prestigious topping out ceremony with Mr. Chen Lian Pang, Chief Executive Officer of CapitaLand Vietnam and Asia Bankers Club CEO, Kingston Lai
Vietnam press interviews our CEO, Kingston Lai
NowTV interviewed our Founder & CEO Kingston Lai on investing in Vietnam Real Estate
Founder & CEO Kingston Lai discussed with Vietnam Property Investment on the Standard
Hong Kong Commercial Daily Interviews our CEO, Kingston Lai, About Southeast Asia’s property rental yield.