Demand for land in industrial zones remains high: Savills

Demand for industrial land remains high, especially in the southern region, with ready-built warehouses and factories increasingly attracting investors, according to Savills Vietnam.

Illustrative image (Photo: VNA)

According to the firm, Vietnam has 33,000 ha of industrial land for rent with an occupancy rate of up to 80%.

The average rental is 5.4 USD per sq.m per month, mostly in the south. However, industrial real estate in northern provinces surrounding Hanoi such as Bac Giang and Hai Duong is also seeing rapid growth.

General Director of Savills Vietnam Neil MacGregor said that in the context global fluctuations, since the beginning of this year, Vietnam has emerged with a stable growth rate and is a favourite destination for diverse foreign direct investment (FDI) flows from Singapore, China and Japan, among others.

Notably, Vietnam continues to increase its position in the global value chain thanks to its accumulated production experience, efforts to develop infrastructure and its strength in young and skilled labour. Therefore, the real estate market is also supported, especially in the industrial, retail, office and residential segments.

CEO of InCorp Vietnam Jack Nguyen said that FDI capital flows to Vietnam mainly focus on manufacturing, real estate and energy industries. Singapore, Japan and Hong Kong (China) are still the largest investors in Vietnam.

He said Vietnam, with many new industrial parks being developed, is becoming an attractive destination for Chinese enterprises that want to diversify their supply chains. InCorp Vietnam has received consulting requests from many Chinese companies, especially in the northern market.

He added that many Chinese manufacturers are moving to Vietnam to set up their supply chains. Building a large-scale industrial park right on the outskirts can create a new wave of investment.

Economy

Australian plums to be available in Vietnam
Economy

Australian plums to be available in Vietnam

Australian plums will soon be on shelves in Vietnam under the two-way agricultural market access agreement between the two countries that brings Australian plums to Vietnam and Vietnamese passion fruit to Australia, according to the Australian Government.

Vinamarine prohibits profiteering in emergency situations
Economy

Vinamarine prohibits profiteering in emergency situations

The Vietnam Maritime Administration (Vinamarine) under the Ministry of Transport strictly prohibits all acts of taking advantage of emergency situations, storms and floods to raise service prices inconsistent with fluctuations in total costs compared to normal conditions for profiteering.

Vietnamese female entrepreneurs strengthen connections
Economy

Vietnamese female entrepreneurs strengthen connections

The Executive Board of the Vietnam Women Forum in Europe (VWFE) held a working session with the Hanoi Association for Women Entrepreneurs (HNEW) on August 21 to strengthen connections between Vietnamese women in the country and those in Europe.