Industrial real estate attracts foreign capital
- 195
- Business
- 17:25 24/04/2022
DNHN - Due to the appeal of industrial real estate, foreign investors continue to prioritize Vietnam in their goal of increasing market share.
The industrial real estate industry was the primary source of foreign capital inflows in the first quarter of 2022. The fact that VSIP Bac Ninh Co., Ltd. boosted capital by almost 941 million USD for the investment project to create urban infrastructure and VSIP Bac Ninh services have helped the total registered capital of foreign real estate investment. Leap".
Singapore maintains its lead in foreign investment flows into Vietnam in the first quarter of 2022, accounting for 25.7 per cent of total investment capital, thanks to this capital growth. Vietnam is an excellent investment opportunity.
In Long An, a Singapore-based industrial park "maverick" has also announced a new land fund for buildings totalling 20.9 hectares in Vinh Loc 2 Industrial Park and 22.3 hectares in Xuyen A Industrial Park. Rent a factory.
These are BW's first two projects in Long An province, and they are part of the company's goal to expand into major industrial locations near Ho Chi Minh City. These two projects, which are planned to be finished in the second and fourth quarters of 2023, will provide a total of 433.00 m2 of ready-built warehouse space on two levels.
According to Nguyen Thanh Thanh, Head of Long An province's Economic Zone Authority, the process of investing in industrial land in Long An province has prospered due to continuous promotion and investment attraction throughout and without interruption during the stressful times of the epidemic in 2021, from the start of the year 2022 to now.
A noteworthy aspect of Long An's foreign investment appeal at the moment is how much investment processes and licenses have improved, with many enterprises receiving investment certificates on the same day.
Additionally, Savill Vietnam said that Vietnam has attracted a large number of multinational industrial real estate developers, with new projects scheduled to break ground in early 2022. This is mostly because land prices are still very low. There are a lot of well-respected developers, good management, and good legal rules, as well as labour, traffic, and efficient import and export connections.
Minh Anh
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