7 Most Popular Myths about Serviced Offices in Ho Chi Minh City Debunked

This article debunks 7 myths about a serviced office in Ho Chi Minh and why they are the future of an agile & connected business world.

Nowadays, both employees and employers in Vietnam are seeking more flexibility in the office solution to achieve a better work-life balance. This results in the surge in flexible workspaces (e.g. serviced office, coworking space, and virtual office) demand in Vietnam, especially in a big city like Ho Chi Minh City (HCMC). Serviced offices are perfect for more agile transnational companies that look for the adaptability of not being tied down to one piece of real estate.

Find Out About Cekindo’s Serviced Offices For Foreign Firms in Vietnam

It leads to a growing number of operators entering Ho Chi Minh City (Saigon), the most populated and bustling city. In today’s job market, having a work-life balance for Ho Chi Minh’s young workforce is a compelling advantage.

Research shows that the serviced office in Ho Chi Minh City is one of the rapidly-growing markets in the Asia-Pacific region. Besides, the city was also ranked as one of the top three flexible workspace markets in the Asia Pacific in 2019. Furthermore as the pandemic has thrown the world into a state of uncertainty more and more businesses are looking for more affordable office renting prices, especially in 2021, according to VNExpress.

While more are aware of the increasing expectations of greater freedom and flexibility offered, many are still skeptical because of the myths.

7 Myths Debunked

Myth #1: Serviced offices are only suitable for startups.

Here’s the truth:

Of course, the serviced office is perfect for startups and freelancers. But they are also designed with medium and large companies in mind.

The fact is businesses of all sizes are seeking for offices with more flexibility compared to a conventional lease. Serviced offices are especially wonderful for businesses looking to make a presence in a new location.

Myth #2: Serviced offices are expensive.

Here’s the truth:

In a conventional office, you have to pay for everything – from rental to administration employee, utilities to office equipment.

However, renting a serviced office only requires you to pay for the subscription fee and it’s often an all-inclusive package. This includes rental, service charges, internet, cleaning and maintenance, reception, utilities. Some providers even offer free parking, gym, bike storage, etc.

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Myth #3: It doesn’t matter where serviced offices are located.

Here’s the truth:

Location is critical for many businesses. Most providers have their serviced office built in the city center or places close to major transportation links. Your reputation is essential in all business-related activities including your office space.

Myth #4: Serviced offices are for short-term projects.

Here’s the truth:

Serviced offices have very flexible lease terms, usually ranging from 3 months or more than a year. Plus, the lease is extendable if there’s a change of plan of your business. Think of it as an office with very few strings attached and commitment is minimal no matter how long you stay, and can be treated as a permanent office if you reach the conclusion that Saigon is the ideal center to do business.

Myth #5: There are many hidden costs.

Here’s the truth:

Reputable providers such as Cekindo offer serviced offices in Ho Chi Minh City with transparent details and fee structure. You will get a clear, itemised monthly invoice without any hidden costs.

Myth #6: There is no sense of community at a serviced offices.

Here’s the truth:

Serviced office providers or companies leasing the serviced offices will organize networking events. They may also hold monthly community activities to share ideas and provide collaboration opportunities with industry experts.

Myth #7: Serviced offices are only open at certain times.

Here’s the truth:

Most reputable serviced offices are open for long hours, some even open for 24 hours. You can have flexible working hours. Security access is also in place.

Serviced Office Solution in Ho Chi Minh City from Cekindo

Cekindo enables you to have a serviced office in Ho Chi Minh City that gives you a wide range of facilities. With the utilities and internet set up, an office space is ready for you to move in right away and make it your own.

Our serviced office in HCMC is situated in a prime location with fast access to your target market and we have lease terms that work for everyone, whether you need short-term convenience or long-term stability.

Furthermore, Cekindo’s service offices solution has simple pricing that includes rental fees, utilities, and a staffed reception. In this case, you don’t even have to worry about many other types of monthly bills and thus you can focus on what’s important for your business.

Simply take advantage of our serviced office now to enjoy its fantastic flexibility and cost saving benefits, among others.

Or, get in touch with us to get to know more about why a serviced office is suitable for your business in Ho Chi Minh City, Vietnam.

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Tomas Svoboda - Cekindo - Vietnam Country Manager

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Ing. Tomas Svoboda

Tomas is the co-founder & Chief Business Development Officer responsible for Vietnam. His role is to define the key potential of the Vietnamese market and to ensure that Incorp's branch in Vietnam provides its clients with smooth and hassle-free market entry solutions.