The deadly factory fire accident in the Northern Province of Bac Ninh killed three workers, said police investigators on April 17.

While many IZs are left idle or have low occupancy rates, others are very selective in accepting tenants because they are located in advantageous positions and are well organized.

Developing IZs is seen as a profitable business at this time as many foreign investors are leaving China and heading for Vietnam.

Industrial infrastructure companies are still thriving amid Covid-19, and are expected to continue to grow as Vietnam is one of the best destinations for investors in the post-epidemic period.

Following the prediction about a new strong FDI wave, real estate shares have been sought by investors.

With purchasing power dropping dramatically and liquidity becoming alarminging weak, the real estate market is witnessing a repeat of the 2011-2013 crisis.

Industrial real estate is believed to be the only segment which can continue to prosper in the current real estate market.

Legal bottlenecks have affected the real estate market since the beginning of the year.

The development of the industrial real estate market will have a positive impact on other market segments such as houses and offices for rent.

Existing factors in the market, especially strong FDI inflow, all are supporting the prosperity of the industrial real estate market.

Vietnam has borrowed big money to develop industrial infrastructure, but this has mostly brought benefits to foreign invested IZs (industrial zones) and FIEs (foreign invested enterprises).

Vietnam has the opportunity to become a new production base for the world amid the US-China trade war.

The rent in industrial zones (IZ) has increased rapidly. Some provinces in the eastern part of the south have no more land to lease, while investments in the processing and manufacturing industry continue to rise.

Vietnam is an ideal destination for foreign investors, including Chinese, despite China’s efforts to prevent capital flowing out of the country.

Some large corporations with plentiful capital have decided to pour money into industrial real estate as they can see opportunity in the sector.

Because of local agencies’ tardiness in setting up a land rental framework, the HCMC Hi-tech Park (SHTP) in the first four months of the year granted licenses to only two projects with registered capital of $5 million.

The reports released by securities companies so far this year all show the bright prospects of the industrial real estate market segment.

Despite relatively high leasing fees, ready-made workshops are still being chosen by foreign investors, especially those from Japan and South Korea.

VietNamNet Bridge - Industrial real estate developers are busier than ever as they are expanding existing IZs and developing new ones in anticipation of a new FDI wave into Vietnam.