INDUSTRIAL & LOGISTICS MARKET
Vietnam: Industrial real estate continues to have positive developments
According to FERI’s report, in the first 6 months of 2024, the industrial real estate market has stable supply, steadily increasing demand and rental prices continue to go up. Specifically, the total supply of industrial real estate in the North and the South remained stable compared to the previous quarter, reaching about 14,500 ha and 27,700 ha, respectively. The occupancy rate in the North reached 83%, while the occupancy rate in the South reached 92%.
Vietnam: Enterprises compete for warehouse market share
According to FiinGroup’s latest report, the three foreign “giants” alone, Mapletree, BW Industrial and SLP, account for 46% of the total net leasable floor area of the entire market. It is forecast that in the period 2024 – 2027, there will be about 25 projects entering the market, adding 1,870 million sqm of net leased area, of which FDI enterprises still dominate. To compete with FDI enterprises, domestic enterprises must learn and improve more strongly.
Vietnam: The four Chaebol plan to continue investing in Vietnam
The four leading Korean Chaebol corporations (Samsung, Hyundai, LG and Lotte) are willing to spend billions of dollars to invest in many fields in Vietnam. Typically: Samsung plans to invest heavily in the next 3 years to make the factory in Vietnam become the group’s “largest display module production base” globally. LG Group has disbursed investment of more than 5 billion USD and will invest an additional 3 billion USD in the next 5 years…
Vietnam: Capital Land is planning to invest 110 million USD in the Industrial Park
Nikkei Asia recently reported that CapitaLand Investment is planning to invest about 110 million USD in Vietnam to build or acquire factories to meet the need to open production facilities outside of China. A representative of CapitaLand Investment shared that the group plans to invest an additional 100 – 150 million SGD, equivalent to about 73 – 110 million USD, in Vietnam within the next 2 years.
Quang Tri: Started construction of an airport worth more than 5,800 billion VND
On July 6, the People’s Committee of Quang Tri province and the joint venture investor T&T – CIENCO 4 held a groundbreaking ceremony for the Quang Tri Airport construction investment project with a total investment capital of more than 5,800 billion VND. The project is implemented in Gio Quang, Gio Hai and Gio Mai communes, Gio Linh district with a scale of more than 265 ha. The project will be put into operation in July 2026.
Hung Yen: Inaugurated a Road connecting 2 Highways of the North
On July 7, the road connecting the Hanoi-Hai Phong expressway with the Cau Gie-Ninh Binh expressway section through Hung Yen province (phase 2) was inaugurated. The project is nearly 24 km long, the route helps shorten travel time between Phap Van-Cau Gie expressway and Hanoi-Hai Phong expressway by up to 30 minutes. According to the plan, The road will be upgraded to a highway after 2030.
HCM: FDI attraction into Industrial Parks doubled over the same period
According to Hepza’s report, in the first 6 months of 2024, total investment capital (foreign and domestic) including new and adjusted capital reached 271.99 million USD, reaching 49.45% of the year’s plan, down 65.52% over the same period. The area of l and for rent reaches 5.05 ha; Factory area for rent reaches 24,907 sqm. The bright spot is that total FDI capital reached nearly 199 million USD, an increase of 2 times compared to the same period last year.
HCM: FDI attraction into Industrial Parks doubled over the same period
After receiving the investment license for the 730 million USD biological factory project in Phu My 2 Industrial Park (Ba Ria – Vung Tau), Hyosung Group continues to look for investment opportunities in the information technology. One of the projects that the Group is targeting is the Data Center Project in HCM High-Tech Park. The project has an expected scale of 1,500 – 4,000 racks meeting Tier-3 international standards with an area of 3 ha.
Dong Nai: Activate 36 priority Projects to attract investment
Dong Nai province has just announced a list of 36 projects in 5 priority areas to attract investment from now to 2030. In particular, Dong Nai prioritizes inviting investment in at least 3 green industrial parks, meeting Net Zero standards and 3 high-tech parks including 497 hectares high-tech park in Cam My district; 100 hectare information technology park and 300 hectare innovation zone in Long Thanh district.
Quang Tri: Awarded investment policies for 9 Projects
The People’s Committee of Quang Tri province has awarded decisions approving investment policies for a total of 9 projects with a total investment of more than 4,400 billion VND. Including: RAS high-tech shrimp farming project (883.53 billion VND); KIDOS Animal Feed Factory Project (350 billion VND); Expanding TTC International Brewery project for TTC International Beer JSC 330 billion VND; VSICO Quang Tri Dry Port Area of VSICO Maritime JSC 236 billion VND.
Hoa Binh: Approving the planning of Yen Quang Industrial Park
Recently, the People’s Committee of Hoa Binh province approved the 1/2000 scale construction zoning project of Yen Quang Industrial Park in Quang Tien commune, Hoa Binh city with a total planning area of more than 200 ha. The project is planned into two subdivisions, the maximum combined construction density of the entire area is 46.36%, the maximum construction height is 2 – 5 floors, the maximum land use coefficient is 2.25 times.
Da Nang: Withdraw the application for approval of Hoa Ninh Industrial Park
Da Nang City would like to withdraw the dossier approving the investment policy of the Hoa Ninh Industrial Park project to review, edit and update all dossiers according to regulations. This project has a project scale of more than 400 ha, built in Hoa Ninh commune, Hoa Vang district; The total estimated cost of project implementation is more than 6,083 billion VND; Of which compensation and site clearance costs are more than 2,578 billion VND.
Source: Catherine Huỳnh
