Green factories and industrial parks are playing an increasingly important role in attracting FDI capital into Vietnam - Photo: HG
Industrial real estate attracts FDI capital
In the context of global investment declining, Vietnam is "going against the flow" in attracting FDI capital when the General Statistics Office said that by the end of July, the whole country had 1,816 new projects granted foreign investment registration certificates with capital reaching more than 10.7 billion USD.
Of which, Vietnam increased by 12% in the number of projects and 36% in registered capital compared to the same period in 2023. Notably, realized foreign investment capital reached 12.6 billion USD, up 8.4% over the same period last year, this is the highest implementation level of 7 months in the period 2020-2024.
The General Statistics Office said the above figures show that foreign investors continue to believe in Vietnam's economic development.
Among the top FDI attracting localities, the northern provinces and cities have many advantages, causing industrial real estate businesses to flock to invest.
Cushman & Wakefield’s Northern Industrial Real Estate Market Report shows that four newly launched industrial park projects have added 1,000 hectares of leasable space to the market, while four other ready-built factory projects under construction have also increased supply by nearly 200,000 square meters. Northern provinces continue to receive large investment flows, reflected in a total net absorption area of 184 hectares in the second quarter of 2024.
Ms. Le Thi Huyen Trang, Senior Director of JLL Vietnam, said that the industrial land market in the North is quite vibrant, in the past 12 months the market has welcomed nearly 1,600 hectares of new supply, along with good market absorption and stable price increase. Meanwhile, these indicators in the South are not high because there is no more land fund for lease.
"Greening" industrial zones to avoid missing out on FDI capital flows
To meet market demand and anticipate new generation FDI capital flows, industrial real estate investors are stepping up the construction of green factories. In Vietnam, Hiep Phuoc, Amata, Deep C, Hoa Khanh and Tra Noc 1&2 industrial parks have been supported to build ecological industrial parks.
Speaking to Tuoi Tre Online , an investor in a chain of industrial parks in Vietnam said that due to strict requirements on emission reduction, green certification as well as demands from consumers, manufacturers are looking for industrial parks that meet green criteria to support businesses in reducing emissions.
Similarly, Mr. Hardy Diec, CEO of Vietnam Industrial Park Group, said that the trend of green industrial parks is of interest to FDI investors, so industrial parks need to focus on green environment, pay attention to ESG (environment, society and governance), reduce carbon emissions...
According to Mr. Hardy Diec, Vietnam Industrial Park Group has started construction of phase 2 of the pre-built mixed-use warehouse and factory project at DEEP C Industrial Park - Hai Phong, expected to operate in the first quarter of 2025 with the goal of attracting FDI capital, focusing on the logistics sector.
To attract new generation FDI capital, the investor has applied green building standards, in which the project will achieve LEED Silver certification recognized by the US Green Building Council.
"Developed based on strict standards of sustainable development, the project not only helps the locality attract FDI but also accompanies businesses on the journey of sustainable development," said Mr. Hardy Diec.
Mr. Tran Thien Long, permanent vice president of the Vietnam Industrial Real Estate Association, warned that FDI enterprises are paying more attention to green industrial parks, so developing green industrial parks is not only a requirement to meet environmental standards but also becomes a competitive advantage. Therefore, if they do not quickly transform to "green", industrial parks may miss the opportunity to welcome a new wave of investment.
Changing to meet high-end customer needs
Ms. Le Thi Huyen Trang also said that the industrial market is leading in achieving green building certifications from development to operation in Vietnam. "The commitments and constraints that multinational companies must implement on sustainability are the driving force for industrial park investors to develop sustainable projects to meet the needs of high-end customers," Ms. Trang shared.
Source: https://tuoitre.vn/xanh-hoa-khu-cong-nghiep-la-chia-khoa-thu-hut-fdi-ti-do-2024082613424541.htm
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