Co-Working Your Way Towards Success

Real Estate - Saigon/HCMC: March 20, 2018

First things first: what is a co-working space?

A co-working space is a work environment that several occupiers, often from different industries, share.

The point is that rather than renting an office, you pay for a membership that allows you and your fellow co-workers to use the working space and the on-site facilities such as coffee machines (that’s an important one), Wi-Fi, printers, meeting rooms, etc.

Who uses it? This real-estate model caters to freelancers and start-ups as they are full of ideas and motivation but short of money, and in need of flexible office solutions as well as a networking-friendly environment.

coworking spaceImage source: coworker.imgix.net

Co-working spaces provide them with just that. Since memberships are typically monthly, leasing costs considerably lower and their networking options sit right at their table.

In Ho Chi Minh City, choosing a co-working space over a traditional office can save up to 25 percent of leasing costs, and that doesn’t even include the extra money needed to equip the office.

A Belated Boom

However, while Tokyo alone is home to more than 100 co-working operators, Ho Chi Minh City only recently reached the modest threshold of 10, covering less than one percent of the city’s overall office space. The reason is easy to guess: Japan experienced a “start-up boom” earlier and on a larger scale than Vietnam.

Between 2010 and 2012, the number of co-working spaces in Japan, tailored to the new business model, skyrocketed by more than 1,400 percent! Meanwhile, the very first co-working provider in Ho Chi Minh City, Start Saigon, began its business in 2012.

coworking spaceImage source: up-co.vn

The numbers seem to indicate a similar, yet more moderate trend in Vietnam. According to data from the General Statistics Office, the amount of newly registered companies has been growing at an average 21 percent per year across the country since 2015.

The start-up model has taken hold in Vietnam, even though at a comparatively slow speed.

Ho Chi Minh City is in the vanguard of this movement, followed by Hanoi and Danang.

Let’s embrace the future by taking stock of the present: here’s all you need to know about five major co-working spaces in Ho Chi Minh City.

DREAMPLEX

DreamPlex 1: Level 9 - 10 - 11, 21 Nguyen Trung Ngan, D1
DreamPlex 2: Level 10 - 11 - 12, 195 Dien Bien Phu, Binh Thanh D
Auditorium: Ground Floor, 195 Dien Bien Phu, Binh Thanh D |+84 28 7306 6880 | info@dreamplex.co dreamplex.co
Business hours: Mon-Sat 9 a.m. to 6 p.m.
Price: VND 150,000/day; From VND 2,000,000/month

coworking spaceImage source: coworker.imgix.net

- What’s the place like? DreamPlex has two huge complexes in District 1 and Binh Thanh District with DreamPlex 1 catering to small or medium start-ups, while DreamPlex 2 provides bigger space for bigger companies.

- Who does it cater to? All kinds of individuals, start-ups and small businesses are welcome.

- What about private offices? Small studios for two to four people come at VND 17,000,000 to 20,000,000

- Business services? DreamPlex provides contact to law and accounting firms, audit and HR companies, investment mentoring and coaching.

- Networking events/workshops/coaching? There are weekly events and workshops to connect investors and start-ups.

- Is there an in-house coffee shop? Yes.

- Any special amenities? DreamPlex 2 also houses a 225-m2 auditorium for up to 210 guests.

- What else to mention? Former American President Barack Obama spoke with entrepreneurs at DreamPlex when he visited Saigon in May 2016.

START SAIGON

18bis/14 Nguyen Thi Minh Khai, D1 | +84 28 6682 8580 | hello@start-coworking.spacestart-saigon.com
Business hours: Mon-Fri 9 a.m. to 6 p.m.
Price: VND 120,000/day; From VND 1,800,000/month

coworking spaceImage source: leungalexander.com

- What’s the place like? Start Saigon sets a casual environment spread over two houses. It was the first co-working space in Vietnam.

- Who does it cater to? The focus lies on IT start-ups and design professionals.

- What about private offices? Private offices for five or more co-workers come at VND 25,000,000/month.

- Business services? Start Saigon actively helps start-ups with product development, web design and team building. Renowned partners provide legal advice and business licences.

- Networking events/workshops/coaching? It organises daily community lunches, barbecue and pool parties, tech meet-ups, workshops, etc.

- Is there an in-house coffee shop? No.

- Any special amenities? Start Saigon boasts outdoor areas including a swimming pool and a rooftop lounge.

- What else to mention? For those who want to make their workspace their home, a private bedroom including membership is VND 11,000,000/month.

SAIGON COWORKING

101 Cu Lao, Phu Nhuan D | +84 9 6510 0244 | info@saigoncoworking.com | saigoncoworking.com
Business hours: Mon-Fri 9 a.m. to 9 p.m.
Price: No daily pass; From VND 2,000,000/month

coworking spaceImage source: leungalexander.com

- What’s the place like? Saigon Coworking was among the first co-working spaces in Saigon. Housed in a multi-storey building in a calm neighbourhood, it is a dynamic and large co-working space.

- Who does it cater to? Saigon Coworking attracts co-workers from all business and creative fields.

- What about private offices? Saigon Coworking offers private offices for up to 15 people, starting at a monthly fee of VND 11,000,000.

- Business services? It provides co-workers with legal, financial and IT consulting, as well as a range of business and individual services including help with driving licence or work permit.

- Networking events/workshops/coaching? No.

- Is there an in-house coffee shop? Yes.

- Any special amenities? How about a lush rooftop garden?

- What else to mention? Saigon Coworking can organise a personal secretary for you.

GO WORK

15 Nguyen U Di, D2 | +84 28 3744 2589 | info@factoryartscentre.com | factoryartscentre.com/go-work 
Business hours: Mon-Fri 9 a.m. to 7 p.m.
Price: VND 100,000/day; VND 1,900,000/month

coworking spaceImage source: coworker.imgix.net

- What’s the place like? Go Work is a smaller co-working space that is part of The Factory Contemporary Arts Centre.

- Who does it cater to? All kinds of individuals, start-ups and small businesses are welcome.

- What about private offices? No.

- Business services? No.

- Networking events/workshops/coaching? It organises networking events and workshops.

- Is there an in-house coffee shop? Yes.

- Any special amenities? Go to the outdoor terrace or the exhibition hall to have a creative break.

- What else to mention? Membership comes with a discount at the on-site restaurant, bar and cafe with an organic and healthy menu; members have free entrance to all exhibition openings at The Factory.

FABLAB

44/10 Nguyen Van Dau, Binh Thanh D | +84 9 4971 6313 | hello@fablabsaigon.org | fablabsaigon.org
Business hours: Mon-Sat 9 a.m. to 6 p.m.
Price:
No daily pass; VND 1,300,000/month

coworking spaceImage source: fablabsaigon.org

- What’s the place like? Fablab is a makerspace, a coffee shop and a co-working space all in one, housed in a typical Vietnamese town house.

- Who does it cater to? Fablab is tailored to creatives and designers.

- What about private offices? You can rent a private office for eight-10 people, starting from VND 8,000,000/month.

- Business services? No.

- Networking events/workshops/coaching? Fablab runs regular workshops of original content and engages members in community projects.

- Is there an in-house coffee shop? Yes.

- Any special amenities? Fablab also has a makerspace and an on-site shower.

- What else to mention? Membership comes with one free drink per day and a 10% discount on food and beverages.

Banner Image source: soundpostacoustics.com