The new opportunities of industrial real estate

The turning point in attracting foreign investment (FDI) from Vietnam is opening up great opportunities to dev...

The turning point in attracting foreign investment (FDI) from Vietnam is opening up great opportunities to develop the industrial real estate market. By continuing to strengthen cooperation with global strategic partners, tenants from the United States, China, and Korea are expected to continue to dominate the demand of Vietnam's industrial real estate market in the near future.

Nam Cau Kien Industrial Park, Hai Phong. (Photo: Hong Diep)

According to the Foreign Investment Cooperation Strategy for the 2021-2030 period, Vietnam aims to increase the number of multinational companies in the group of the world's 500 largest enterprises by 50%; increase the share of registered investment capital in countries with source technologies such as France, Germany, the United Kingdom, the United States, Japan and South Korea,... to 70% of the country's total FDI and 75% during the period 2026-2030.

So far, the country has formed a system of more than 400 industrial parks, but the quality and efficiency of planning has not met the requirements.

To achieve these objectives, it is necessary to promote the development of industrial parks, ready to meet the requirements of synchronous premises and infrastructure for investors. 

So far, the country has formed a system of more than 400 industrial parks, but the quality and efficiency of the planning  did not meet the requirements.

The development of industrial parks in recent years has also revealed certain limitations, the type of industrial park is slow to be renewed. This fact shows that there is still a lot of room to develop the industrial real estate market, meeting the requirements of accelerating and improving the quality of foreign investment cooperation in the coming times.

Looking at the market outlook, investors said Vietnam has many strengths such as geographical location, stable policy, impressive economic growth rate with young human resources, and high productivity; The government is paying great attention to investing in infrastructure to increase connectivity and exports, with the aim of becoming the logistics hub of Southeast Asia.

In addition, the rental prices of land in industrial parks in Vietnam are currently lower than in many countries in the region, and preferential policies such as property tax reduction, VAT reduction have contributed to the attractiveness of industrial real estate in Vietnam.

Green criteria are gradually becoming one of the important criteria in the development of factories, warehouse systems, workshops, promoting the development of green industrial parks

It is expected that investment capital flows in the industrial real estate segment will focus in the coming time on modern and sustainable industrial models such as eco-industrial parks, high-tech industrial parks, data centers, smart warehouses. These are types of industrial real estate that attract the attention of foreign investors in developed markets.

In order to take advantage of market opportunities and avoid the risk of rapid growth of the industrial real estate market, the government must have mechanisms to encourage the development of more diversified and quality industrial park models with sustainable factors, especially the need to develop separate laws for the development of industrial parks. economic zone.

 

 Via Tap chi Tai chinh