INDUSTRIAL MARKET
Vietnam: Industrial real estate races to “attract” FDI in semiconductor and AI
Market demand recovered thanks to new FDI capital flows into Vietnam and increased domestic consumption.
Demand comes from a variety of industries, from traditional industries such as plastics, vehicle manufacturing and animal feed to high value-added industries. The trend is to expand to markets where industrial land funds are relatively abundant and rental prices are more competitive than other tier 1 markets.
Vietnam: Ready-built warehouse rental prices in the North increased
Giving forecasts for the last 6 months of 2024, the modern ready-built warehouse market in the North is expected to record a significant amount of new supply with about 131,000 sqm of rental space in Bac Ninh and Hung Yen. The total market supply to more than 1.3 million sqm by the end of 2024. The market will continue to compete, posing challenges in leasing activities in the context that demand has not kept up with the growth of supply.
Vietnam: Transportation, warehousing, logistics reach expectations
The added value of the transportation and warehousing industry has accounted for 4.92% of the country’s GDP (2023). The total added value of the transportation and warehousing industry accounts for an even higher proportion and ranks about 5/20 level II economic sectors. Therefore, the added value of the entire transportation, warehousing and logistics industry will contribute to the scale & growth rate of the country’s GDP.
Bac Giang: Investment in construction and infrastructure of Yen Lu Industrial Park
Deputy Prime Minister signed Decision No. 636/QD-TTg dated July 12, 2024 approving the investment policy of the Yen Lu industrial park infrastructure construction and business investment project (extension) phase 1. Western Pacific Investment Joint Stock Company is the project investor. The project is implemented in Yen Lu commune, Yen Dung district, Bac Giang province with a scale of 119.83 ha; Investment capital is 1,543,023 billion VND.
Ha Nam: Investing more than 2,900 billion VND to Dong Van V Industrial Park
The Deputy Prime Minister has just signed Decision No. 635/QD-TTg dated July 12, 2024 approving the policy of investment in construction and infrastructure business of Dong Van V Industrial Park phase 1. Investor of the project is Ha Nam Infrastructure JSC. The project’s land use scale is 237.29 ha; was carried out in Tien Noi ward, Tien Ngoai and Yen Nam communes, Duy Tien town, Ha Nam. The total investment capital is 2,911.295 billion VND.
Ha Nam: Commencement of Chia Chang Vietnam Technology Factory
On July 13, at Thai Ha Industrial Park (phase 1), Hai Long Construction JSC and Chia Chang Vietnam Technology Com. Ltm held a groundbreaking ceremony for Chia Chang Vietnam Technology Factory Project (state 1). It is invested on a land area of more than 25,000 sqm. Total project investment capital is 9 million USD with the following items: factory 1 with an area of 2,880 sqm/floor; Factory 2 with an area of 4,150 sqm/floor.
Ha Tinh: Approved the policy of investing in Vinhomes Vung Ang Industrial Park
Deputy Prime Minister signed Decision No. 639/QD-TTg dated July 13, 2024 approving the investment policy of the project to invest in construction and business of infrastructure of Vinhomes Vung Ang industrial park. Vinhomes Industrial Park Investment JSC is the project investor. The project is implemented in the Vung Ang economic zone, Ky Anh town, Ha Tinh province with a total investment of 13,276.491 billion VND.
Hai Duong: Opened Kim Thanh 2 Industrial Park
The People’s Committee of Hai Duong has just submitted a report approving the planning project scale 1/2000 for Kim Thanh 2 Industrial Park. Accordingly, the project is planned in Dai Duc commune and Tam Ky commune, Kim Thanh, Hai Duong. It is divided into 2 phases: Phase 1 has an area of 234.63 ha; Phase 2 has an area of 202.61 ha. This is a supporting industrial park, specializing in manufacturing supporting industrial products.
Phu Yen: Approval of Hoa Tam Industrial Park
The People’s Committee of Phu Yen province has just approved the 1/2,000 scale of Hoa Tam Industrial Park in the South Phu Yen Economic Zone. Accordingly, it is located in Hoa Tam commune, Dong Hoa town, with an area of about 1,115 ha. This is a multi-industry industrial park, investing in high-tech and industrial types associated with promoting the advantages of seaports, focusing on attracting petrochemical, energy refining industries…
Quang Ngai: Dung Quat East Industrial Park will be adjusted to reduce 2,000 ha
Dung Quat East Industrial Park has an area of 5,784 ha, located in Binh Dong, Binh Tri and Binh Thuan communes, Binh Son district. According to the consulting unit, currently this planning is no longer appropriate, so it is necessary to organize a project to adjust the Planning of project to closely match the development requirements in the new situation. Accordingly, the planning area was reduced to only about 3,731 ha.
Nam Dinh: There are more projects on yarn production and textile dyeing
On July 8, Nam Dinh issued an investment certificate for a yarn and textile dyeing production project worth 9 million USD. It is implemented in Rang Dong IP, Nghia Hung district, Nam Dinh province. According to the plan, from now until the Q1/2025, complete legal procedures and start construction; By September 2025, trial operation; By October 2025, the project will be completed and officially operated.
Nam Dinh: Inauguration of fabric factory
On July 13, TOP TEXTILES Co., Ltd. held the inauguration ceremony of TOP TEXTILES factory at Rang Dong Textile Industrial Park (Nghia Hung). The project is being built on an area of 31.2 ha with a total investment of more than 203 million USD. The project was started in July 2022, and has now completed construction investment in phase 1 with a capacity of 60 million meters of fabric/year, 4 times the current capacity of Nam Dinh.
Hung Yen: Acecook built an instant noodle factory worth VND 2,200 billion
General Director of Acecook Vietnam said that in the near future this company will build an Acecook instant noodle factory in Hung Yen with a total investment of 2,200 billion VND. The factory will employ 2,000 workers. Previously, in March 2024, Acecook started construction on the 12th factory in Vinh Long province with an expected number of workers of 3,000 people. The factory is built on the campus of Hoa Phu Industrial Park on an area of 11 ha.
LOGISTICS MARKET
Vietnam: Key highways opened to traffic in the first 6 months of the year
In the first 6 months of the year, many key transportation projects across the country were completed and put into operation. These include: Cam Lam-Vinh Hao expressway project was put into operation and exploitation from April 26.The Dien Chau-Bai Vot expressway project was opened to traffic and put into operation on April 28. Inauguration of the road connecting Hanoi-Hai Phong highway with Cau Gie-Ninh Binh highway section on July 7.
Lao Cai: Implementing 5 projects
he Chairman of Lao Cai Provincial People’s Committee has just issued Decision No. 1671/QD-UBND dated July 5, 2024 approving a list of 5 projects to attract investment in the field of transportation in the province in 2024. A list of 5 projects including: Sa Pa Airport Construction Project; Road project connecting Sa Pa airport to Sa Pa town; Dong Pho Moi Dry Port Project; Kim Thanh – Ban Vuoc Dry Port Project; Sa Pa Airport Dry Port Project.
Bac Ninh: Build 3 routes connecting the City through industrial parks
The Ministry of Natural Resources and Environment has just announced the environmental impact assessment report of the investment project on provincial roads DT.295C and DT.285B connecting Bac Ninh city through industrial parks with new National Highway 3; Provincial road 277B connects to Ha Bac 2 bridge, ring road 4 (adjustment). Total project investment capital is 1,496 billion VND.
Source: Catherine Huỳnh
