IZs outside major cities becoming popular investment

Instead of projects with a small scale, realtors are now developing large projects in areas away from the city center.

The typical characteristic of the new property model lies in the large area of thousands of hectares, associated with sufficient facilities that serve the working and living needs of people.

IZs outside major cities becoming popular investment



However, such projects require huge amounts of investment capital, take longer time to implement, and need investors with project management capability.

VSIP, a well known brand with IZs in Binh Duong province, for example, is now also an IZ – urban area – service center complex, including VSIP Quang Ngai, covering an area of 1,700 hectares, of which 1,200 hectares are reserved for IZs and 500 hectares for urban areas and service centers, near Quang Ngai City’s center.

In Long An province, Tan Thanh Long An Investment recently kicked off the construction of Viet Phat IZ & urban area project. The complex comprises 1,200 hectares of land for IZ and 625 hectares for urban area.

The developer intends to develop a complex with all necessary services and utilities such as shopping centers, amusement parks, sports centers ecological parks, hospitals, schools and ecological villas.

The developer intends to develop a complex with all necessary services and utilities such as shopping centers, amusement parks, sports centers ecological parks, hospitals, schools and ecological villas.

 

All these facilities will create a green, clean, civilized and modern living environment that serves the needs of hundreds of thousands of people, while helping ease population pressure on HCM City.

Phuoc Dong Complex in Tay Ninh and Dung Quat Complex in Quang Ngai province are other projects also developed under this form.

According to JLL Vietnam, the complexes of IZ and urban areas are a modern type of real estate which create more positive value to the economy and society, and strive for sustainable development.

Analysts pointed out that real estate markets are not just in large cities or central areas. More and more residential clusters exist with their own core centers and facilities, including shopping centers, supermarkets, cinemas, hospitals and schools.

The prices of local property are defined based on facilities and the advantages in planning and infrastructure. Therefore, many people are surprised that real estate prices in suburbs are nearly the same as the prices in the old quarters near the central areas.

However, analysts also pointed out a lot of disadvantages of the new model. It requires huge land fund and capital. But it is not easy to attract people to the areas to settle permanently, which is a hurdle for the complexes to become real urban areas and IZs.

Chi Mai 

Reality and vision for industrial zones

Reality and vision for industrial zones

The media have recently featured industrial properties, especially industrial land, as a potential area to attract investment.

Zero-dong supermarket opened in Thang Long industrial zone to help COVID-19-affected workers

Zero-dong supermarket opened in Thang Long industrial zone to help COVID-19-affected workers

A zero-dong supermarket was opened on Saturday to support 1,500 workers of the Thang Long Industrial Zone in Hanoi who have been financially affected by the coronavirus pandemic.

 
 

Other News

.
Alibaba.com rolls out export-focused program for Vietnamese SMEs
Alibaba.com rolls out export-focused program for Vietnamese SMEs
BUSINESSicon  07/09/2020 

Alibaba.com, the global business-to-business (B2B) e-commerce platform of Alibaba Group, has launched a landmark initiative to help businesses in Vietnam go online and reach an enormous pool of qualified global buyers.

Profit taking to weigh on local market, but September may be bright
Profit taking to weigh on local market, but September may be bright
BUSINESSicon  07/09/2020 

Vietnam’s stock market rally may slow this week as investors eye profits but the one-month projection is still optimistic.

E-commerce gives impetus to woodworking sector
E-commerce gives impetus to woodworking sector
BUSINESSicon  06/09/2020 

In the rapid development of e-commerce, online stores and factories are one of the solutions with which enterprises can cope with the prolonged Covid-19 pandemic while laying a foundation for digitalized business

Logistics groups strive to exploit EVFTA potential
Logistics groups strive to exploit EVFTA potential
BUSINESSicon  07/09/2020 

The EU-Vietnam Free Trade Agreement has created a new driving force for Vietnam’s logistics, but the industry needs to take further action to unlock its full potential.

The path to economic recovery and further growth
The path to economic recovery and further growth
BUSINESSicon  06/09/2020 

While Vietnam has experienced an unprecedented boom in recent decades, the current pandemic is now having a clear negative impact on the economic outlook. 

Vietnam’s plywood suppliers under scrutiny over practices
Vietnam’s plywood suppliers under scrutiny over practices
BUSINESSicon  06/09/2020 

As the trade tensions between the United States and China refuse to slow down, Vietnam-based plywood exporters are under pressure of investigation for alleged issues with the sources of their input materials.

Local wood industry overshadowed by sourcing issues
Local wood industry overshadowed by sourcing issues
BUSINESSicon  05/09/2020 

Vietnam’s wood industry has shown signs of recovery in the third quarter of 2020. However, legal complications may arise through illegally-sourced raw materials from foreign suppliers and a lack of uniformity.

Consumers beware of e-swindlers preying on fledgling cashback apps
Consumers beware of e-swindlers preying on fledgling cashback apps
BUSINESSicon  06/09/2020 

While cashback is considered a strong method to encourage cashless payments, numerous websites and apps are taking advantage of uninformed consumers with untransparent and illegal multi-level marketing models.

One fewer thing to worry for enterprises
One fewer thing to worry for enterprises
BUSINESSicon  06/09/2020 

Businesses will have one fewer thing to worry about in 2021 as the minimum wage is not expected to be increased for privately-owned enterprises.

New strategies required to set deeper roots for wood industry
New strategies required to set deeper roots for wood industry
BUSINESSicon  06/09/2020 

To expand Vietnam’s wood industry sustainably, its development strategy must not only focus on the policies of importing countries but also domestic priorities.

VIETNAM'S BUSINESS NEWS HEADLINES SEPTEMBER 7
VIETNAM'S BUSINESS NEWS HEADLINES SEPTEMBER 7
BUSINESSicon  07/09/2020 

Breakthrough solutions needed to attract foreign investment

Four Vietnamese-born billionaires in the US
Four Vietnamese-born billionaires in the US
BUSINESSicon  06/09/2020 

These are the most famous businessmen of Vietnamese origin in the US.

Airline service fees reduced by half for next six months
Airline service fees reduced by half for next six months
BUSINESSicon  05/09/2020 

Fees for takeoff and landing and aircraft operating services for domestic flights will continue to be cut by 50 per cent for the next six months to support airlines affected by the COVID-19 pandemic, according to a Transport Ministry circular.

More Vietnamese consumers now shop online
More Vietnamese consumers now shop online
BUSINESSicon  07/09/2020 

Online shopping and electronic payments in Vietnam have become more common in recent years as more of the country's population gains access to the internet, 

Funds enjoy growth in August
Funds enjoy growth in August
BUSINESSicon  05/09/2020 

Investment funds involved in Vietnam’s equity market reported positive growth in net asset value (NAV) in August due to a stock market upturn.

Local authorities tighten control over investments in condotels
Local authorities tighten control over investments in condotels
BUSINESSicon  07/09/2020 

Hanoi local authorities are seeking to strengthen management over the construction, investment and trade of condotels, officetels and resort villas.

Vietnam aims to diversify local retail market
Vietnam aims to diversify local retail market
BUSINESSicon  05/09/2020 

The Ministry of Industry and Trade (MoIT) plans to consolidate traditional markets in rural areas while developing a large number of convenience stores and diversifying types and methods of modern business.

Auto manufacturers in Thailand, Indonesia look to Vietnam to sell cars
Auto manufacturers in Thailand, Indonesia look to Vietnam to sell cars
BUSINESSicon  07/09/2020 

Car imports in Vietnam have increased again after a long slump caused by the impact of Covid-19. Thailand and Indonesia have been the biggest sellers.

8-month trade surplus at record high, experts warn of risks
8-month trade surplus at record high, experts warn of risks
BUSINESSicon  05/09/2020 

Vietnam's trade surplus in the first eight months of the year was a record high. However, experts still see risks.

VIETNAM'S BUSINESS NEWS HEADLINES SEPTEMBER 6
VIETNAM'S BUSINESS NEWS HEADLINES SEPTEMBER 6
BUSINESSicon  06/09/2020 

Trading accounts of foreign investors highest in 8 months

 
 
 
Leave your comment on an article

OR QUICK LOGIN