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Demand for land in industrial zones remains high: Savills
Demand for industrial land remains high -- especially in the southern region, where ready-built warehouses and factories are increasingly attracting investors, according to real estate company Savills Việt Nam.
Đình Vũ Industrial Park in Hải Phòng. — VNA/VNS Photo
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According to the firm, Việt Nam has 33,000ha of industrial land for rent with an occupancy rate of up to 80 per cent.
The average rental is US$5.4 per square metre per month, with most potential renters eyeing property in the south. However, industrial real estate in northern provinces surrounding Hà Nội, such as in Bắc Giang and Hải Dương, is also seeing rapid growth.
General Director of Savills Việt Nam Neil MacGregor said that despite global economic fluctuations, since the beginning of this year, Việt Nam has emerged with a stable growth rate and is a favourite destination for diverse foreign direct investment (FDI) flows from countries like Singapore, China and Japan.
Notably, Việt Nam 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. The real estate market is supported by these factors, especially in the industrial, retail, office and residential segments.
CEO of InCorp Việt Nam Jack Nguyễn said that FDI capital flows to Việt Nam mainly focus on manufacturing, real estate and energy industries. Singapore, Japan and Hong Kong (China) are still the largest investors in Việt Nam.
He said Việt Nam's rapidly developing industrial parks are an attractive destination for Chinese enterprises that want to diversify their supply chains. InCorp Việt Nam has received consulting requests from many Chinese companies, especially in the northern market.
He added that many Chinese manufacturers are moving to Việt Nam to set up their supply chains. Building a large-scale industrial park on the outskirts of a city can create a new wave of investment.
Bizhub
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