Vietnam one of co-working giant WeWork’s best Southeast Asian markets

WeWork’s E. Town Center in Ho Chi Minh City’s district four © Arno Maierbrugger

Vietnam is among the top countries in Southeast Asia for co-working space provider WeWork, growing by eight per cent in occupancy rate since early last year despite the Covid-19 pandemic, Elizabeth Laws Fuller, WeWork’s head of growth in Southeast Asia, told Retail News Asia.

Most of its customers in the country are in technology, pharmaceuticals and manufacturing, while financial organisations are among the new ones, Fuller said.

The US company entered Vietnam in 2018 and now has two locations in Ho Chi Minh City out of its 30 in Southeast Asia.

Overall, Vietnam is seeing rising demand for co-working space.

A recent survey by WeWork and market research firm International Data Corporation found that 80 per cent of companies plan to use co-working space in the next three years.

Another reason for the improving figures in Vietnam is the country’s success in containing the Covid-19 pandemic and sustaining economic growth, Fuller noted.

Changed perception of co-working

Many global corporations have been investing or expanding in Vietnam in recent years, and they have a demand for flexible workspace, she said.

In addition, the pandemic has changed companies’ perception of co-working space, and in the long term, customers would not be only small and medium-sized players but also large companies, she added.

Co-working space in WeWork’s E. Town Center in Ho Chi Minh City



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WeWork's E. Town Center in Ho Chi Minh City's district four © Arno Maierbrugger Vietnam is among the top countries in Southeast Asia for co-working space provider WeWork, growing by eight per cent in occupancy rate since early last year despite the Covid-19 pandemic, Elizabeth Laws Fuller, WeWork’s head of growth in Southeast Asia, told Retail News Asia. Most of its customers in the country are in technology, pharmaceuticals and manufacturing, while financial organisations are among the new ones, Fuller said. The US company entered Vietnam in 2018 and now has two locations in Ho Chi Minh City out of its 30...

WeWork’s E. Town Center in Ho Chi Minh City’s district four © Arno Maierbrugger

Vietnam is among the top countries in Southeast Asia for co-working space provider WeWork, growing by eight per cent in occupancy rate since early last year despite the Covid-19 pandemic, Elizabeth Laws Fuller, WeWork’s head of growth in Southeast Asia, told Retail News Asia.

Most of its customers in the country are in technology, pharmaceuticals and manufacturing, while financial organisations are among the new ones, Fuller said.

The US company entered Vietnam in 2018 and now has two locations in Ho Chi Minh City out of its 30 in Southeast Asia.

Overall, Vietnam is seeing rising demand for co-working space.

A recent survey by WeWork and market research firm International Data Corporation found that 80 per cent of companies plan to use co-working space in the next three years.

Another reason for the improving figures in Vietnam is the country’s success in containing the Covid-19 pandemic and sustaining economic growth, Fuller noted.

Changed perception of co-working

Many global corporations have been investing or expanding in Vietnam in recent years, and they have a demand for flexible workspace, she said.

In addition, the pandemic has changed companies’ perception of co-working space, and in the long term, customers would not be only small and medium-sized players but also large companies, she added.

Co-working space in WeWork’s E. Town Center in Ho Chi Minh City



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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