The EUViet Nam Free Trade Agreement (EVFTA) will have a positive impact on Viet Nam's real estate market, especially the industrial real estate, experts said. Troy Griffiths, Deputy Managing Director of Savills Vietnam, said the trade deal showed the Vietnamese Government's commitment to turning the country into a leading manufacturing destination in Asia. According to Griffiths, bilateral trade between Viet Nam and the EU will rise as a result of the deal, bringing an increase in foreign direct investment and jobs and offering more opportunities in all real estate segments. Meanwhile, foreign property consulting firm CBRE said industrial parks (IPs) will continue to grow. A standard occupancy rate of about 70¬90 per cent will be maintained and infrastructure will play a decisive role in the choice of rental locations. New IPs are scheduled to be established both in the north and south of Viet Nam.

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