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| The industrial real estate segment is forecast to grow strongly in 2024, according to the Vietnam Real Estate Association (VNREA). (Source: Binh Duong Newspaper) |
Industrial real estate plays an important role in supporting the production and distribution of goods. It provides space and infrastructure for industrial enterprises, contributing to economic growth and social development.
Provinces and cities with many advantages in attracting foreign investment are those with good infrastructure, stable human resources, efforts to reform administrative procedures and dynamism in investment promotion,...
According to the 2023 foreign investment situation report of the Foreign Investment Agency (FIA), new investment capital increased sharply in both investment capital and the number of new investment projects, concentrated in 10 localities with a total number of new investment projects accounting for 78.6% of new projects and 74.4% of the country's capital.
Therefore, the industrial real estate segment is forecasted to develop strongly in 2024 and the coming time in 10 localities, namely: Ho Chi Minh City, Hai Phong, Quang Ninh, Bac Giang, Thai Binh, Hanoi, Bac Ninh, Nghe An, Binh Duong, Dong Nai.
The sectors that foreign investors are interested in include: the processing and manufacturing industry leading with a total investment capital of more than 23.5 billion USD, accounting for 64.2% of the total registered investment capital and an increase of 39.9% over the same period. The second industry is the real estate business with a total investment capital of nearly 4.67 billion USD, accounting for more than 12.7% of the total registered investment capital, an increase of 4.8% over the same period in 2022.
According to the 2023 foreign investment situation report of FIA , the 6 partners and economies leading in FDI investment contributing to the strong development of Vietnam's industrial real estate in 2024 are Singapore, Japan, Hong Kong (China), South Korea, China, South Korea, Taiwan (China). These 6 partners alone accounted for more than 81.4% of the country's total investment capital in 2023.
FDI inflows into Vietnam continue to increase strongly with the expansion of production by a series of multinational corporations. There are more and more requests and demands for site surveys from multinational manufacturers, e-commerce, and 3PL logistics, creating strong demand for the industrial real estate market.
Industrial real estate plays an important role in supporting the production and distribution of goods. It provides space and infrastructure for industrial enterprises, contributing to economic growth and social development. It shows that the industrial real estate segment has been, is and will be growing strongly in the future.
Dr. Nguyen Van Khoi, Chairman of the Vietnam Real Estate Association (VNREA), said: The Resolution of the 13th Congress clearly stated: “Continue to promote industrialization and modernization based on the foundation of science, technology, and innovation. In response to the country's development needs and the aspirations of a large community of businesses, organizations, and individuals doing business, producing, and working in economic zones, industrial parks, industrial clusters, export processing zones, and high-tech zones... the Vietnam Real Estate Association - VNREA has established the Vietnam Industrial Real Estate Association.
The Congress of the Vietnam Industrial Real Estate Association - Term I (2024 - 2029) will be held on January 18 in Ho Chi Minh City. The Congress is an event to officially launch the Vietnam Industrial Real Estate Association - a social and professional organization of enterprises investing in infrastructure development of economic zones, industrial parks, industrial clusters, export processing zones, high technology and enterprises investing in production and business activities, financial institutions, logistics, support services related to industrial real estate...
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