Vietnam’s warehouse market is booming, driven by foreign investment and e-commerce growth, while China’s nearby developments enhance cross-border trade, intensifying competition for both local and international players.
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Vietnam’s warehouse market is booming, driven by foreign investment and e-commerce growth, while China’s nearby developments enhance cross-border trade, intensifying competition for both local and international players.
Key Points
Vietnam’s warehouse market is expanding rapidly due to significant foreign investment and rising e-commerce demands, enhancing logistics efficiency and reshaping cross-border trade dynamics with China.
By the end of 2023, foreign developers controlled over 75% of Vietnam’s warehouse rental space, significantly outpacing domestic companies as modern logistics facilities proliferate in major provinces, offering increased storage and distribution capabilities.
Strategic Chinese warehouse developments near the Vietnam-China border are facilitating faster cross-border trade, intensifying competition for Vietnamese businesses while also presenting challenges…