South Koreans are shifting to Vietnam because of not only external forces like global politics but also their internal urge for profitability. This is a win-win since their close-knit economic connections at micro levels will help Vietnam and its real estate market maintain continuous development.
It is not hard to see the industrial real estate in Vietnam is deeply influenced by a multitude of manufacturers from the East Asia nation, but it does not just stop there!
Since the first time Daewoo printed its footstep in Hanoi in December 1991, Vietnam has welcomed three waves of investment from South Korea: construction firms in 1992, garment & electronics companies in the 2000’s, and retailers in the 2010’s. This time, a new round of capital is rallying behind the financial sector and adding tension to the crowded mortgage market.
Over two decades after the diplomatic normalization, the South Korea - Vietnam bond is now stronger than ever. It is proven by the growing amount of South Korean manufacturers’ land occupancy and their Foreign Direct Investment to Vietnam, and it shows no sign of deceleration in 2019 and onwards.
Technology is becoming an irreplaceable part of our daily life. Although there are controversies and different streams of opinions regarding this matter, it is undeniable that scientific advancements play a critical role in economic expansion and governments are increasingly integrating technology into national development policy.