Industrial Property sector 1Q24

In this 40-page Industrial property (IP) report, we emphasize that now is a good time to pay attention to IP sector despite disapointing 1Q24 earnings results. We believe Vietnam is well-positioned to capture FDI inflows in next coming years thanks to 1) catching the movement waves of many electronic manufacturers from China +1, 2) more competitive cost structure compared to regional peers, 3) improved investment landscape when the tax issue was resolved.
With a bright outlook for the IP sector, we believe some leading stocks will be prime candidates to diversify investment portfolios.