Investors in improving the infrastructure connecting industrial parks have led to an increase in demand for rented spaces in industrial parks
A substantial amount of foreign investment continues to flow into the Vietnamese industrial property market, according to Phnom Penh Post.
Investors in improving the infrastructure connecting industrial parks have led to an increase in demand for rented spaces in industrial parks, according to SSI Securities Inc.
The expressway projects of Bien Hoa – Vung Tau, Dau Giay – Phan Thiet, North – South, Thi Vai – Cai Mep port and Gemalink port will help create convenient transportation between industrial parks.
Several factors make Vietnam a leading industrial real estate investment destination according to Cushman and Wakefield, including the country’s stable growth rate, export-oriented economy, an increase in free trade agreements, preferential investment policies, and strategic location.
As a result of favourable government incentives, competitive labour costs, a stable political climate, positive economic outlook, and free trade agreements, Vietnam has become increasingly popular with foreign investors, as reported by VietnamPlus.
Industrial real estate accounted for a significant proportion of foreign capital inflows in the first quarter of this year.
A total of USD2.29 billion was registered in Singapore’s accounts in the first quarter, which amounted to 25.7percent of all capital invested.
Long An province’s head of the economic zone authority Nguyen Thanh Thanh said the promotion and investment attraction efforts that were conducted throughout the pandemic last year have led to an improvement in the investment climate in the province from the beginning of this year.
“From the beginning of the year until now, it has attracted USD230 million in foreign direct investment [FDI], including new registration and capital adjustment into industrial parks. Domestic investment has reached over USD304 million. There are many big projects, such as Coca-Cola’s investment in a factory with a total capital of more than USD136 million in Phu An Thanh Industrial Park in Ben Luc district,” said Thanh
The Property Report editors wrote this article. For more information, email: [email protected].
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