Friday, March 29, 2024 7:57:08 PM - Markets open
VN-INDEX 1,284.09 -6.09/-0.47%
HNX-INDEX 242.58 -1.33/-0.55%
UPCOM-INDEX 91.57 +0.09/+0.10%
Industrial real estate likely to pick up in remaining months
Vietnamnews - 9/13/2022 1:53:09 PM
 (0 ratings. You must sign in to rate.)
The industrial real estate sector will likely continue to pick up in the remaining months of the year thanks to the ongoing global supply chain disruption and diversification, and the trade deals that Việt Nam has signed, experts said.
 
Energy price uncertainty due to geopolitical issues and concerns on economic growth, China’s persistence in pursuing a zero COVID-19 policy coupled with a global trade slowdown have been fueling the disruption and diversification, they added.
 
In Việt Nam, industrial real estate leasing has seen a hike in demand and rental prices, especially for logistics and warehousing.
 
According to CBRE Vietnam, a commercial real estate services and investment firm, in the third quarter, its industrial leasing enquiries are improving in both quantity and sizes. Land acquisition enjoyed 10 per cent year-on-year growth so far this year and 7 per cent growth for ready-built factories/warehouses.
 
The average size required by tenants of all CBRE’s enquiries was 9.4 ha in the first half of 2022 compared to 9.2 ha last year for land and 6,700 sqm in the first half compared with 6,100 sqm in 2021 for ready-built factories/warehouses.
 
Việt Nam continues to be an appealing destination for industrial real estate investors, according to global real estate services firm Cushman and Wakefield.
 
It attributed this to the country’s stable growth rate, an export-oriented economy, a rise in free trade agreements, a young labour force, investment incentives and strategic location.
 
With favourable government incentives, competitive labour costs, a stable political environment, a positive economic outlook and free trade agreements, the Southeast Asian country has become popular for foreign investors moving out of China.
 
Emerging market
 
To seize this opportunity, the north-eastern province of Quảng Ninh has emerged as a vibrant industrial property market as the province is transforming its rural tourism-based economy and industrialising to attract foreign investment.
 
Speaking at a recent conference to promote investment in Quảng Ninh, Châu Thành Hưng, deputy head of the Quảng Ninh Economic Zone Authority, said the province has a strategic geographical location as a gateway connecting China and Southeast Asia.
 
It has extensive transport infrastructure with an international airport, seaports, the Móng Cái international border gate and modern facilities.
 
It is home to major economic zones such as Quảng Yên, Vân Đồn and Móng Cái and 15 industrial parks (IPs).
 
Hưng said the province was developing seaport-IP complexes starting with the Bắc Tiền Phong Industrial Zone and Nam Tiền Phong Industrial Zone in the Quảng Yên Coastal Economic Zone.
 
These port-IP eco-systems would help reduce logistics costs for manufacturers.
 
It just issued investment licences to Indochina Kajima Development for its $23.9 million Core5 Quảng Ninh ready-built factory project.
 
As of the end of June, it had 150 foreign direct investment (FDI) projects worth $8.26 billion by investors from 20 countries and territories.
 
Việt Nam lured more than $14 billion of FDI in the first half, of which the Northern region attracted $6.7 billion, slightly higher than the Southern region with $6.5 billion.
 
The Northern region currently has about 63,500 ha of planned land for 238 industrial zones and clusters which are operational or in the process of site clearance and construction, according to a report by the Ministry of Industry and Trade. — VNS
 
Read original article here
 
Newer News
28/03 Management of real estate brokers to be tightened
23/03 HCM City real estate market to recover in H2
23/03 Industrial real estate emerges out of storm
18/03 Lots of ground to cover to build 130,000 social housing units this year
12/03 Deputy PM urges resolving price manipulation for healthy real estate market
12/03 Limit set on interest rates of loans for social housing
21/02 Experts upbeat about real estate prospects
23/12 Foreign investments in property market expected to soar: experts
22/12 Thừa Thiên-Huế invests in infrastructure in economic zones and industrial parks
19/12 PM asks for drastic solutions to remove difficulties for realty market
Older News
30/08 PM highlights solutions to ensure sustainable development of real estate market
16/08 Demand for logistics real estate increases sharply: Savills Vietnam
01/08 M&A deals light up property market in first half of 2022
18/07 Urban cities plan restructuring of public land
25/06 Party Central Committee urges sweeping changes to real estate market
21/06 S. Korean investment into Việt Nam property market increases
15/06 Vietnam’s real estate market attractive to RoK investors: consultancy company
30/05 Drastic measures needed to keep property market healthy: conference
16/05 Not lending to property sector will have mixed effects: analysts
31/03 Real estate market riding high
 
Newsletter Signup
Top Stories
Shares sustain gains on strong investor confidence
Banks given advantages to CASA ratio
Man owes bank nearly VNĐ9 billion in credit card's interest after 11 years
VN-Index corrects, liquidity stays high
Stock Market Upgrade Journey: overcoming hurdles and reaching new heights
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,284.09 -6.09/-0.47%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.