Co-working has grown by 55% a year in Vietnam since launching in 2014; however, many early entrants with small-scale, low-rent business models failed. Second-generation operators offer more luxurious offices in larger class A buildings. “We will begin seeking opportunities in HCMC in 2019,” said Tran Xuan Kien, chair of CoGo. According to CBRE Vietnam, there were 34 co-workspace centres in Vietnam in April 2018, managed by 23 operators, five of which are foreign firms such as Regus, Hive, CEO Suite and Klouds. The Vietnamese government is also encouraging the development of new types of businesses. CBRE said 91% of co-workspace users in Vietnam are members of the Y generation compared with 67% in the rest of the world.
Co-working has grown by 55% a year in Vietnam since launching in 2014; however, many early entrants with small-scale, low-rent business models failed. Second-generation operators offer more luxurious offices in larger class A buildings. According to CBRE Vietnam, there were 34 co-workspace centres in Vietnam in April 2018, managed by 23 operators, five of which are foreign firms such as Regus, Hive, CEO Suite and Klouds. The Vietnamese government is also encouraging the development of new types of businesses. CBRE said 91% of co-workspace users in Vietnam are members of the Y generation compared with 67% in the rest of the world.