With its youthful population and fast-growing economy, Vietnam is quickly becoming an integral part of multi-national supply chains, with the country’s industrial real estate market now among Asia’s most dynamic.
Co-founded by US private equity firm Warburg Pincus and Vietnamese infrastructure developer Becamex in 2018, Ho Chi Minh City-based developer BW Industrial has been facilitating this growth by establishing new workshops and warehouses across the nation of nearly 100 million people, including agreeing less than two months ago to begin building a 240,000 square metre (2,583,339 square foot) logistics facility together with ESR.
To find out more about the trajectory for industrial real estate in Southeast Asia’s fastest-growing major economy, Mingtiandi will be interviewing Dongwon Kwak, a vice president and head of northern Vietnam for BW Industrial this Wednesday, 30 June on our MTD TV online video platform.
During the spotlight session, which is sponsored by Yardi, Kwak will be explaining how his three-year-old firm is already helping e-commerce players like Shopee meet their needs for logistics space, at the same time that it provides standard workshops for makers of electronics, furniture and other products.
Base for Expansion
As costs remain high in more developed Asian markets and with recent events having threatened to disrupt global supply chains, more manufacturers are diversifying their Asian operations, with Vietnam having become a leading beneficiary of this strategic shift.
Kwak, who now has several years of experience in Vietnam’s real estate markets, notes that with the signing of the RCEP free trade agreement late last year, Vietnam is now part of a free trade group that includes 2.2 billion, which will boost the country’s industrial development still further.
During the one-hour interview session, Kwak will share with the MTD TV audience how Vietnam’s increasingly transparent regulatory system and simplified licensing requirements are making it easier for many companies setting up industrial facilities to be operational within days, instead of months.
Also on the agenda will be BW Industrial’s tie-up with ESR for a joint venture facility north of Ho Chi Minh City, signifying the growing interest by regional and global players to establish a foothold in Vietnam.
At the end of the session, there will be a live Q&A session, which will let viewers pose their own questions about BW and the Vietnam market.
Core Markets Panel Up Next
The interview with BW Industrial is the second session in Mingtiandi’s five-part logistics real estate forum, with the series continuing on 6 July with a panel discussion on core logistics strategies in Asia Pacific,
That group discussion will feature Allianz Real Estate Asia Pacific chief executive Rushabh Desai, JLL Asia Pacific capital markets chief executive Stuart Crow, SC Capital chairman Suchad Chiaranussati and BW Industrial chief executive Lance Li.
Asia development strategies will be on the agenda on 13 July for a panel discussion featuring Logos head of strategic customers Peter Garrison, BW Industrial director Michael Chan, JLL capital markets director Priyank Shah, and Jai Mirpuri of ESR.
The final panel on 21 July will focus on logistics and e-commerce in mainland China, with appearances by Victor Mok, chairman and chief executive of the asset management platform for GLP China, Cushman & Wakefield head of investors services for Asia Pacific Dennis Yeo, and ESR China chief operating officer Zhou Bo.
Sustainability and Data Centres
Following the logistics forum, MTD TV will be back on 3 August with the first session in our Asia Sustainable Real Estate Forum, which will include sessions on sustainability, wellness and the competition for tenants, as well as a panel on green finance for real estate.