The industrial real estate market is stable in the first months of the year

The industrial real estate market is stable in the first months of the year
The industrial real estate market is stable in the first months of the year

The industrial real estate market is stable in the first months of the year

The industrial real estate market, especially in the South, remained stable in the first months of this year, which experts say is mainly due to the rebound in imports and exports and the increasing influx of foreign investment (FDI).

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The Vân Trung industrial zone in Bac Giang (North).
Photo: VNA/CVN

The average land rent price in the first-tier market in the southern region was USD 189 per square meter, up 2.4 percent year-on-year, according to real estate consultancy CBRE Vietnam.

Experts said that in addition to electronics, automobile and spare parts manufacturers, tenants of new industries in the high-tech field such as electric vehicle manufacturing, semiconductors and green materials have expressed their interest in Vietnam.

The orientation of localities towards new businesses and the growing interest in high-tech industries are expected to create a boom in this sector in the future.

Pham Thi Mien, deputy director of market research and investment promotion consultancy of the Vietnam Association of Real Estate Agents (VARS), expects the industrial real estate segment to maintain the pace throughout the year, noting that many investment projects in this regard have received approval in principle and continued to move forward.

Experts explained that in addition to the stable socio-economic situation, improved investment environment and incentives for foreign investors, Vietnam has paid attention to infrastructure construction.

Associate Professor Dinh Trong Thinh of the Academy of Finance stressed the need for Vietnam to have a clean land fund, develop a national master plan and programs for localities and sectors to deploy appropriate incentives.

VARS said Vietnam plans to demarcate an additional 115,000 hectares for industrial parks over the next decade, with 558 industrial parks across the country, almost 1.5 times the current number.

VARS Chairman Nguyen Van Dinh said Vietnam will continue to attract many foreign investors, adding that the influx of FDI into industrial parks and economic zones will account for about 45 percent of the total additional FDI recorded. in the country this year.

VNA/CVN

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