There was a 20% increase in co-working space in HCM City driven primarily by some large new premium centres in the downtown area, according to property consultancy Knight Frank Vietnam.

Strong demand will ensure stable absorption of office space in Hanoi in the second half of 2022, according to real estate services firms CBRE.

Many businesses have struggled due to the COVID-19 pandemic, but co-working spaces have bucked the trend and is expected to expand in the coming time, fuelled by companies seeking flexible leasing contracts, according to Savills experts.

Co-working space provider WeWork is expanding in Vietnam by opening two more offices in Ho Chi Minh City.

UK based Workthere, a website listing platform and brokerage services, has entered the Vietnamese market to help businesses find flexible, co-working and serviced office spaces in a country where co-working has expanded rapidly.

With its decentralised, transparent and high-security features, blockchain is a revolutionary technology expected to drive change in the future and be used in many areas.

The first WeWork co-working space in Vietnam opened in HCM City on March 13.

Co-working space in Vietnam is growing in terms of both suppliers and types of co-working spaces targeting specific renters, real estate service provider CBRE Vietnam said on May 29.

With both local and international operators strongly expanding into co-working in Vietnam, the industry is expected to develop rapidly, experts have said.