The complicated developments of COVID-19 together with the birth of a series of large production factories in many localities and the development of industrialization and modernization are favorable conditions for the industrial real estate segment continues to “encroach on the throne”.
Industrial real estate – a bright spot in the pandemic
Real estate experts said that the attraction of foreign investment capital (FDI) in the first 7 months of the year still reached 10.5 billion USD, up 3.8% over the same period in 2020 despite the pandemic. The complicated developments of COVID-19 together with the birth of a series of large production factories in many localities and the development of industrialization and modernization are favorable conditions for the industrial real estate segment continues to “encroach on the throne”.
What is industrial real estate?
In the context of increasing globalization, Vietnam needs to attract more foreign investment sources. Long-term production and investment are gradually becoming prerequisites for the formation of demand for industrial real estate. It includes a system of factories, factories, warehouses, etc.
The current situation of the industrial real estate market in Vietnam
According to the Ministry of Planning and Investment, in the first 5 months of 2021, industrial parks and economic zones will attract about 291 foreign investment projects with newly registered capital and an increase of about 6.02 billion USD, revenue attracting investment about 271 domestic investment projects with newly registered capital and an increase of about 53.2 billion VND. In Vietnam, there are now many leading corporations in the world setting up factories such as Samsung, Intel, etc.
The development of the industrial park has created a relatively complete new infrastructure system, bringing long-term value, not only serving industrial engineering and logistics but also contributing to urban revitalization. change the face of the whole locality, accelerate the development of the region.
The industry continues to be an attractive segment attracting many investors
In the second quarter of 2021, several industrial parks in Bac Ninh and Bac Giang provinces became complicated outbreaks, even some factories had to temporarily close, causing many concerns about the industrial real estate scenario. could go in a bad direction. But in fact, the fourth wave of the Covid-19 epidemic did not change the heat of industrial land. This segment so far has recorded many positive indicators and continues to be an attractive segment.
Vietnam is in the process of accelerating industrialization, modernization, and attracting investment, so the demand for industrial real estate is nothing but great potential. Many large foreign corporations have been planning to choose Vietnam as the country to set up factories.
Vietnam’s logistics industry and services will also need to adapt shortly, so a lot of lands will be needed to support the service industries to develop. Therefore, industrial real estate is seen as a potential field over time.
GPLease is one of the leading industrial real estate companies in Vietnam
As a team of deep expertise and experience in industry and logistics, we provide comprehensive consulting services for multi-industry industries. GPLease experts will assist clients in every aspect from market entry, planning, and development, leasing, investment, valuation, merger, or transfer.
Founded in 2018 on the background of strong growth in the fields of industrial production and logistics, GPLease has launched a full-service platform for industrial real estate. Vix HO – who has facilitated many successful leases, factory acquisitions, and sales & leases. Vix HO and its dynamic team provide Investor Advisory, Tenant Representation, Strategic Leasing, Investment Brokerage, and Sale & Leaseback services to clients across a wide range of industries.
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