Foreign capital flows into Vietnamese industrial real estate

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The main leverage of foreign capital inflows to Vietnam in the first quarter of this year came from the industrial real estate segment. VIETNAM NEWS AGENCY

Vietnam’s 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 Bac Ninh Co Ltd has raised its capital by nearly 941 million dollars for the VSIP Bac Ninh urban infrastructure and service construction investment project, which has boosted the total registered capital of foreign investment in the real estate.

With this capital increase, Singapore continues to maintain its leading position in foreign investment flows to Vietnam in the first quarter, with a total registered capital of $2.29 billion, accounting for 25.7% of investment capital. total in Vietnam.

In the southern province of Long An, a major industrial real estate park in Singapore also announced a new land fund of 20.9 ha in Vinh Loc 2 Industrial Park and 22.3 ha in Xuyen A Industrial Park for factories to to rent out.

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 Ho Chi Minh City.

These two projects are expected to be completed in the second and fourth quarters of next year respectively, providing 433 m² of ready-to-use two-storey warehouses.

Nguyen Thanh 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. Domestic investment reached over seven trillion dong [$304 million].

“There are many big projects, such as Coca-Cola’s investment in a factory with a total capital of more than $136 million in Phu An Thanh Industrial Park in Ben Luc District,” Thanh said. to Dau tu (Investment) newspaper.

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 $120 per meter per rental cycle.

JLL said the ready-made plant market has expanded to a larger scale to meet the needs of tenants, especially international customers who choose to lay the foundation or expand production in Vietnam, but wanted to save time, money and get businesses up and running quickly.

VIET NAM NEWS/ASIA NEWS NETWORK

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