CTP N.V., one of the European Union’s largest listed owner-developer-operators of industrial and logistics real estate by gross lettable area, refers to recent market rumors in relation to a potential market entry in Vietnam.
A significant proportion of CTP's new clients are coming from Asia. Asian clients represented around 20 percent of the leasing in the last 18 months. This increase in demand from Asian tenants has been driven by a strengthening of the nearshoring trend, given that the CEE region is the best cost production location in Europe. This allows Asian tenants to address increasing trade barriers and tariffs by producing in Europe for consumers in Europe, which comprises 25 percent of the world’s GDP and the largest single market in the world.
Vietnam benefits from the same nearshoring trend, with global manufacturers in the current deglobalization phase often choosing to have a “China plus one” strategy in Asia, with Vietnam the most preferred
