Credit for industrial zones has many opportunities for breakthrough

Focusing on loans for industry

NCB has recently launched the credit package “Steadfast, prosperous”. With this credit package, the bank targets businesses operating in export processing zones and industrial parks with preferential interest rates from only 6.99%/year (short-term loans) and 7.99%/year (medium and long-term loans).

In addition, the bank also increased the loan limit for each enterprise to a maximum of VND800 billion (for short-term loans) and VND200 billion (for medium and long-term loans); at the same time, it allowed customers to use collateral as property rights arising from land lease and sublease contracts in industrial parks, with a financing rate of up to 75%.

The implementation of a large credit package targeting a group of companies in industrial parks as mentioned above by NCB as well as the previous approach of VPBank (for the loan package for leasing/purchasing industrial park real estate deployed from mid-2024) took place in the context of investment activities in the industrial park infrastructure sector having positive developments in many localities and the beginning of competition for capital funding from a series of domestic and foreign banks and financial institutions.

For example, VietinBank and Vietnam Industrial Zone Group Corporation have signed a comprehensive cooperation agreement. Accordingly, in addition to committing to provide loans, the bank will focus on supporting businesses in expanding their land fund, factories and bonded warehouses. According to information shared by the parties, after signing this cooperation agreement, Vietnam Industrial Zone Group Corporation has started developing three new projects: Song Than 3 Industrial Park (Binh Duong); Ho Nai Industrial Park (Dong Nai) and An Phat Industrial Park in Hai Duong.

According to records, TTC Land has been supported by Sacombank with a loan of nearly VND 200 billion to lease back land use rights and receive the transfer of pre-built factories at Thanh Thanh Cong Industrial Park in Trang Bang, Tay Ninh. Previously, Phuc Long Investment and Construction Company was funded by BIDV to develop the expanded Phuc Long Industrial Park project with an investment capital of VND 6,000 billion, built in Long An. Meanwhile, Nam Tan Uyen Industrial Park JSC was funded by Vietcombank with more than VND 2,600 billion to invest in the expanded Nam Tan Uyen Industrial Park project - phase 2.

The situation is similar among FDI enterprises and foreign financial institutions. Siba High-Tech Mechanical Group (SBG) has recently received a loan of VND400 billion from four foreign banks to invest in a high-tech mechanical factory project in Chau Duc Industrial Park (Ba Ria - Vung Tau). The Japan International Cooperation Agency (JICA) has also approved cooperation in funding and technical support for the Phu My 3 specialized industrial park project to develop into a smart and ecological industrial park in Ba Ria - Vung Tau. Meanwhile, HSBC Bank has recently arranged a loan of USD40 million from SACE Insurance Group for Gelex Infrastructure JSC. This loan is determined to be the driving force for the enterprise to further develop the fields of industrial park infrastructure, energy and clean water, and electrical equipment, etc.

Progress in industrial park infrastructure development has promoted faster credit in many localities in recent times.

Huge demand from hundreds of trillion-dollar projects

According to financial investors, industrial real estate is currently one of the fastest growing sectors and will continue to be fiercely competitive.

According to a report by CBRE Vietnam, businesses with large market shares in this segment such as Becamex IDC, Kinh Bac Urban Area, Viglacera, IDICO, etc. are currently racing to expand land funds and develop more industrial park projects across localities. Since the beginning of the year alone, more than 20 new industrial park projects have had their investment policies approved and have begun to call for capital mobilization from credit and issuance of stocks and bonds.

“The wave of investment in high-tech projects and research and development centers is driving up demand for infrastructure and factories. Meanwhile, industrial park rental prices continue to increase by 3-9% per year, causing the industry’s profits to increase sharply, reaching 30.4% by the end of this year, helping to consolidate the “brilliant” growth momentum of stocks in this group,” CBRE Vietnam said.

From a credit perspective, according to many infrastructure experts, industrial park real estate will be a good land for credit institutions to develop retail banking products and services and provide capital for production and business. With the competition of diversifying products from many banks, in the coming time, both enterprises, industrial park infrastructure investors and production and business enterprises in industrial parks and clusters will have many opportunities to access loans with suitable interest rates and large limits.

Statistics from the State Bank of Vietnam, Region 2, show that in 2024, credit institutions in Ho Chi Minh City lending to develop infrastructure in export processing zones and industrial parks will have a growth rate of 34.8%. Although the proportion of outstanding loans in this sector accounts for about 5% of total outstanding real estate credit, this is the highest growth rate among lending sectors.

Recently, many commercial banks have asked localities in the Southern region to promote FDI attraction more strongly in key and focal areas and focus on developing private enterprises and economic groups in industrial parks and key economic zones, thereby helping banks expand large credit packages, supporting localities to complete economic growth targets.

In the draft Decree on the pilot mechanism for developing a circular economy, enterprises in the agricultural, forestry and fishery sectors are also included in the list of beneficiaries of investment incentives in economic zones and industrial parks. These developments show that the credit segment for enterprises in industrial parks has the potential to continue growing strongly this year and in the coming years.

Source: https://thoibaonganhang.vn/tin-dung-cho-khu-cong-nghiep-nhieu-co-hoi-but-pha-162094.html