Foreign investment fuels industrial real estate in Vietnam
The industrial parks are available in every part of Vietnam, mainly Ho Chi Minh City, Hanoi, Binh Duong, Hai Phong, Quang Ngai, and Dong Nai.
Industrial real estate will continue its growing trend in 2018 thanks to rising demand from foreign-invested enterprises (FIEs), according to Savills Vietnam. 
Illustrative photo
|
Industrial property highlighted
Demand for industrial property is on the rise following the growth of foreign direct investment (FDI) which hit US$34.5 billion in 2018.
Accordingly, more firms seek for establishments that range from 500 sq.m to 50,000 sq.m including build-to-suit to optimize their facilities and save cost, Savills Vietnam said.
Meanwhile, the Vietnam National Real Estate Association (VNREA) attributed the growth of industrial property to increasing money inflows, including remittance. Investors prefer real estate to other investment channels namely securities, gold, foreign currencies, and deposits, it said.
Industrial parks in Vietnam have covered an area of more than 80,000 hectares of land with the operations of hundreds thousands of companies, mostly FIEs.
Illustrative photo
|
Earlier this month, CBRE Vietnam has said that the growth of automobile sector in Vietnam over the past years has left positive impacts on the industrial real estate market with anticipated demand for lease extensions in future periods.
It said that the assembling cluster is mainly located in the North with a network of foreign original equipment manufacturers (OEMs) and auto part manufacturing facilities.
22:11, 2023/02/10
Vietnamese, Singaporean firms ink agreements to bolster economic relations
Singapore’s FDI into Vietnam in 2022 amounted to nearly US$6.46 billion, making it the largest foreign investor for that year.
14:32, 2022/09/24
Thang Long Industrial Park urged to streamline administrative procedures for manufacturers
Hanoi continues to promote the attraction of foreign investment capital for socio-economic development.
08:32, 2022/09/12
Vietnam leads top choice for global investors: Cushman & Wakefield
Vietnam is considered an attractive investment destination and a dynamic, open economy with a high growth rate in the world.
17:20, 2022/03/07
Vietnam-Singapore III Industrial Park to be built in Binh Duong this month
The industrial park will prioritize both high-tech tenants and labor-intensive industries such as apparel and footwear.
09:57, 2021/02/26
Vietnam Prime Minister approves three industrial parks
The industrial parks are expected to benefit from the expansion wave of foreign-invested enterprises in Vietnam.
16:27, 2021/01/28
Recruitment demand of foreign manufacturers surges in 2021
Foreign investors will likely expand their scales in new industrial zones in the south this year.
- New industrial project expected to lure high-tech investment in Thai Binh
- Vietnam draws US$6 billion in FDI to industrial and economic zones in H1
- Strong FDI brings gold for Vietnam’s industrial zone developers
- Foreign investment fuels industrial real estate in Vietnam
- Many foreign investors eye industrial property in Vietnam: JLL
- Vietnam - a fresh, attractive hub for South Korean auto parts manufacturers