The demand for coworking space in Nghe An is increasing

The need for coworking space of foreign experts and engineers

In recent years, Nghe An has become a bright spot, continuously ranking in the top 10 nationwide in attracting foreign direct investment (FDI). By the end of 2024, Nghe An province has 151 FDI projects with a total registered investment capital of about 5.8 billion USD, ranking 22nd out of 63 localities in terms of total registered investment capital.

In the first two months of 2025, the province granted 1 new project with a total registered investment capital of 1.5 million USD, adjusted the capital of 2 projects with a total registered investment capital increase of 8 million USD, and the total newly granted and adjusted registered capital increased by 9.5 million USD.

Accordingly, Nghe An province also attracted many large projects in electricity and electronics in the global supply chain of major investors such as: Luxshare ICT, Shandong, Radiant, Everwin, Foxconn, Sunny, Goertek, Tan Viet, Juteng, Runergy.

FDI projects registered for investment in Nghe An come from 14 countries and territories, of which investors from China, South Korea, Hong Kong, Thailand, Taiwan, Japan, Singapore, India, Australia, and the US lead in terms of registered investment capital.

Eco Central Park opens up a civilized, high-quality accommodation option for foreign experts working in Nghe An - Photo: ECP

Along with the expansion of investment activities in Vietnam, the demand for accommodation for experts and high-quality personnel of foreign companies is constantly increasing. Currently, there are many experts, engineers, and foreigners working in Nghe An.

It is forecasted that in the next 10 years, Nghe An will have about 20,000 more foreigners coming to work. However, the accommodation and housing areas in Nghe An are not yet able to meet this demand. This is a group of people with high incomes, and in addition to working hours, they want to spend time enjoying and experiencing life in Vietnam. Accordingly, the need for high-class, civilized accommodation combined with a working space is very important.

A survey at Luxshare ICT Group in 2023 recorded that there are about 700 experts working in Nghe An, living in private homes, renting apartments, and collective housing areas, and most of them have a need for a comfortable home with a living space that stimulates the spirit and work efficiency.

Living space at Central Bay stimulates spirit and work efficiency. Photo: ECP

To solve the problem of "live-work-play" needs, stimulating creativity and efficiency, the founder of Ecopark developed the Central Bay subdivision in the large Eco Central Park of nearly 200 hectares, in Vinh City.

Central Bay is 20 hectares wide, has its own coworking space of ^1,100m2 , including outdoor space, covered space, F&B service, suitable for experts and engineers to work remotely effectively.

Coworking space at Central Bay impresses with its flexible open green space, close to nature, maximizing the green element, bringing a free working space to users.

Air quality in Central Bay will be on par with natural forests. Photo: ECP

Located in the middle of the largest green park in the Central region, with a density of 100 trees/person, the coworking space provides air quality equivalent to natural forests with: Green coverage density greater than 30% of the area, each person has 30m² of trees, pure air, oxygen in the air reaches 21 - 22%, helps improve breathing, high negative ion content from 2,000 - 5,000 ions/cm³, equivalent to the level in natural forests, air quality meets AQI < 50 standards, fresh, unpolluted.

Coworking and Digital Nomad - a valuable duo

The coworking space at Central Bay not only attracts foreign experts and engineers, but also attracts many young people who choose the digital nomad lifestyle to simultaneously achieve financial freedom and unlimited, borderless career development opportunities.

According to Wyse Travel Confederation, there are more than 40 million digital nomads in the world and this community is constantly growing with the global AI wave. Some countries have targeted the digital nomad community as a goal to promote the digital economy with policies to attract global digital nomads to live and work from good Internet incentives, friendly visa policies, attractive living environments, and reasonable living costs.

Not only do they contribute to the local economy through spending on housing, food and services (for example, the average spending of a digital nomad in Singapore is $4,285/month per person, assuming there are 10,000 digital nomads in Singapore, they could contribute about $500 million to the economy each year, according to the Nomad List 2024). The rise of the digital nomad lifestyle is heating up the coworking space market, leading to demand for housing in this area.

Coworking space 1,100m2 at Central Bay, Eco Central Park. Photo: ECP

A report by CBRE Asia said that in Chiang Mai (Thailand), the capital of digital nomads, rental prices around coworking spaces like Punspase have increased by nearly 50% in the past 5 years due to the increasing number of digital nomads.

In Ho Chi Minh City, District 1 and District 3, where many coworking spaces are concentrated, also recorded an increase in apartment rental prices of 20-30% in the period 2020-2024.

In fact, the real estate market also records that projects and living areas with integrated coworking spaces always have higher value than other normal areas due to their attractiveness and rental potential.

Green space and amenities attract the digital nomad community. Photo: ECP

According to experts, Vietnam in general and Nghe An in particular have all the factors (low cost of living, abundant resources and costs for Internet services, friendly living environment, security and safety) to attract the international digital nomad community, creating opportunities for investors as well as residents to own real estate with coworking space amenities.

Recently, the Government has announced policies to attract investment, encourage the development of the digital economy, increase remote job opportunities, and leverage growth for real estate with this utility.

At Central Bay, the founder of Ecopark has built a living space integrated with a coworking space, providing a flexible, creative, connected living and working space and entertainment for residents as well as digital nomads without having to go far while increasing value for the owner.

Sports complex of nearly 5000m2. Photo: ECP

Taking “live” as the center, within a radius of only 5-15 minutes walking or cycling, Central Bay residents or digital nomads, experts, foreign engineers can access amenities serving all ages such as the 5-sense walking path, a bustling 24/7 square, a ^2,800m2 family park, a ^3,000m2 kindergarten, a nearly ^5,000m2 sports complex, ^{a 4,300m2} food court, an 11,200m2 shopping mall, ^etc.

With a convenient location, 8 minutes drive from Vinh city center, the "live-work-play" living space with coworking space at Central Bay promises to be a highlight attracting the digital nomad community, foreign experts and engineers, turning this place into a "second paradise" in Asia after Chiang Mai and Koh Phangan (Thailand).