VIETNAM, April 24 – The main leverage of foreign capital inflows in the first quarter of this year came from the industrial real estate segment. — Stock Photo kinhtechungkhoan.vn
HÀ NỘI — The Vietnamese industrial real estate market continues to register positive signals, attracting a large amount of foreign capital.
The main leverage of foreign capital inflows in the first quarter of this year came from the industrial real estate segment.
VSIP Bắc Ninh Co Ltd has raised the capital by nearly 941 million US dollars for the investment project to build urban infrastructure and services VSIP Bắc Ninh, which has boosted the total registered capital of foreign investment in l ‘real estate.
With this capital increase, Singapore continues to maintain its leading position in foreign investment flows to Việt Nam in the first quarter, with a total registered capital of $2.29 billion, or 25.7% of the capital of total investment in Việt Nam.
In the southern province of Long An, a major industrial real estate park in Singapore also announced a new land fund of 20.9 hectares in Vĩnh Lộc 2 Industrial Park and 22.3 hectares in Xuyên Á Industrial Park for factories for rent.
These are BW’s first two projects in the province and are part of the company’s strategy to expand into key industrial areas adjacent to HCM City.
These two projects are expected to be completed in the second and fourth quarters of next year respectively, providing 433 square meters of ready-to-use two-storey warehouse.
Nguyễn Thành Thanh, head of the economic zone authority of Long An province, said that thanks to the promotion and investment attraction that has taken place throughout and without interruption during the pandemic the year Last year, the province’s industrial land investment process has flourished since the beginning of this year.
“Since the beginning of the year until now, it has attracted $230 million in foreign direct investment (FDI), including new registrations and capital adjustment in industrial parks. National investments reached more than 7 trillion VNĐ (304 million dollars). There are many big projects, such as Coca-Cola’s investment in a factory with a total capital of more than $136 million in Phú An Thạnh industrial park in Bến Lức district,” Thanh said. Đầu tư Journal (of investment).
Long An’s foreign investment attraction was based on improving investment and licensing procedures, as many companies received certificates within the same day, he added.
The massive influx of international investors into the industrial real estate market has driven up industrial land rents.
JLL’s industrial real estate market report shows industrial land prices maintained strong growth momentum in the first quarter of this year, an increase of 8.5% year-on-year.
This is attributed to the wave of FDI pouring into the country after the restoration of flights and the opening of international borders. The average rental price for industrial land is US$120 per meter per rental cycle.
JLL said the ready-to-use plant market has expanded to a larger scale to meet the needs of tenants, especially international customers who choose to lay the groundwork or expand production in Việt Nam, but wanted to save time, money and get businesses up and running quickly. . —VNS