return icon

Industrial park real estate sees bright future ahead

 From the mere 335ha of land used for industrial parks in 1986, the total area has since expanded to some 80,000ha, reflecting the strong development of industrial real estate in Vietnam.

From the mere 335ha of land used for industrial parks in 1986, the total area has since expanded to some 80,000ha, reflecting the strong development of industrial real estate in Vietnam.


Industrial real estate has witnessed strong development in the past time.

The strong investment inflow in production is also a factor contributing to the development of industrial real estate. 

Greg Ohan, Vice Director of BW Industrial said that the Vietnamese economy, and the real estate market in particular, is becoming an alluring option for investors thanks to good economic growth and stable macroeconomics. 

In that context, the industrial and logistics real estate market has drawn much attention from a range of investors, especially foreign-invested firms.

Experts attributed the industrial park boom in Vietnam to the formation of the export-oriented economy and specific planning of the parks. Vietnam has also joined various free trade agreements of late and economic growth has been high in recent years.

All these factors have contributed to luring a sea of foreign investors to Vietnam. Notably, when the Republic of Korea’s Samsung Group announced that its investment in Vietnam had surpassed 17 billion USD, Vietnam had earned the trust of investors around the world.

Vietnam has focused intently on its exports and encouraged enterprises to get involved in the field. This has shown through the mushrooming of industrial parks and key economic zones in the northern, central, and southern regions. 

At the same time, the country’s engagement in 18 free trade agreements also added to the allure of Vietnam. 

As of June 2018, Ho Chi Minh City’s total land for industrial parks was 4,206ha with an occupancy ratio of 77 percent; while in Dong Nai, the area is 9,813ha with an 85 percent occupancy rate; in Binh Duong, 10,931ha and 88 percent; and 1,305ha and 85 percent in Binh Phuoc.

Troy Griffiths, Deputy Managing Director of Savills Vietnam, said that the surge in foreign direct investment and the transformation in value chains have opened up a bright future for industrial park real estate in Vietnam. –VNA 


Vietnamese ICT enterprises more deeply involved in global value chain

Over 10 years ago, Vietnamese software companies performed only a few stages under orders from foreign partners but the work has now expanded.

China proposes re-signing protocol for seven kinds of Vietnamese fruit

China has proposed signing protocol for seven types of local fruit exported to the northern neighbour via official channels for stricter management, as is currently applied to durian and star apples.

10-year-old translator brings scientific knowledge closer to young readers

Children’s history book series, Unstoppable Us, by best-selling author Yuval Noah Harari, has been translated from English into Vietnamese by a 10-year-old translator and published by Omega Plus.

Floods kill five in central region

Heavy downpours and floods in the central region in the past few days claimed the lives of five people as of 5pm on December 6.


Vietnam spends nearly 190 million USD on importing pork in ten months

Vinfast faces challenges in North America

North America is a promising market, but it is not easy to be successful because there are many rivals there.

Festivities celebrate holiday season in HCM City

HCM City is preparing to launch a series of festivities to celebrate the New Year and Tet holidays (Lunar New Year).

Young driver offers thousands of free rides for poor patients

Dang Xuan Hieu, 24, has for four years given free trips to thousands of poor patients in Ha Giang Province.

Policies take effect in December 2022

Below are among new policies on import and export nomenclature, electricity generation price bracket, and licenses to manufacture tobacco products taking effect from December.

Finance Ministry to raise taxes on land and housing

Taxes on land and housing in Vietnam are far lower than those in other countries, exposing the need for higher tax rates to improve fiscal revenues.

Vietnam, RoK enter new chapter of cooperation

Vietnam and the Republic of Korea have entered a new chapter in their relationship as they upgraded to a comprehensive strategic partnership during President Nguyen Xuan Phuc's official visit to the country.

Free piano class for the elderly in HCM City

A piano class has been run free-of-charge for elderly people in Ho Chi Minh City for the past five years.

Business safety in the digital age

Vietnamese businesses are facing challenges related to cyber security and difficulties adapting to digital transformation.

Tax refunds worth trillions of VND

Tax bodies are working on problems related to VAT refunds in order to help businesses get money to invest in operations, following a dialogue held last week.