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In January, NAI Global President and CEO Jay Olshonsky, FRICS, CCIM, SIOR, announced the opening of operations in HCM City for the first time.

NAI Vietnam provides strategic advisory and property-related consulting services to private and institutional investors, developers, owners and occupiers throughout Vietnam. The services include sales, leasing, advisory, research, property management, and capital markets.

Jay considered opening the first office in Vietnam as a strong addition to the group’s network by growing the number of offices in the Asia-pacific region.

“We are delighted to have NAI represented in one of the region's rapidly growing countries," he said.

Ho Chi Minh City real estate market. Photo: NAI Global

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Banking/insurance, manufacturing, and IT sectors are expected to drive demand, with flexible/co-working office spaces showing notable growth in the past few years. Many office landlords, even in grade B and C buildings, are repositioning part of their space to accommodate this trend.

In the retail segment, many new retail brands are setting up stores or looking to set up stores in Vietnam, introducing new concepts to the market which will attract visitors as local discretionary spending power increases.

“Out-of-town malls will continue to flourish where larger available land plots allow for more destination-style retail experiences,” Hang said.

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NAI Global's global office network. Photo: NAI Vietnam

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Nguyen Thanh Tam, Principal of NAI Vietnam, considers this an excellent time to become part of NAI Global. “Not only does it enhance the service we provide our clients in Vietnam, but the new affiliation will also help domestic and international companies to grow and expand in the country.

NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5100 local market professionals. NAI Global manages over 100 million square meters of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions worldwide.

To learn more about NAI Vietnam, visit www.naivietnam.com