The capital city of Hanoi will have 13 more industrial parks (IPs) spread over 6,000 hectares by 2020, a 300 percent increase in comparison with the current number of parks.

The latest report for the third quarter of the year, released by global property consultant Cushman & Wakefield, showed that the number of IPs in Hanoi will increase in the near future.

In the first nine months of the year, the city got 10 new IPs spread over an area of 1,423 hectares. Four of these were fully occupied, while the land area left unused accounted for 31.5 percent of the total, a 0.5 percent decrease over the previous quarter.

The IPs include the Hoa Lac High-tech IP, Phu Nghia, Noi Bai (the phase II), South Thang Long, Thach That – Quoc Oai and HANSSIP I. The highest unused land rate of 78 percent was in the Hoa Lac High-tech IP.

The land rentals in the IPs in the third quarter saw a slight decline of 2.1 percent to touch 2.17 million VND (102 USD) per square metre, excluding taxes.

The management fee was 0.2 USD to 1 USD per square metre per month. However, the average rental in the city's IPs is the highest compared with the other cities and provinces in the north.

Twenty-one countries and territories are investing in Hanoi's IPs, focusing on support industries, mechanics and electronics which require high-quality human resources. Japan, mainland China and Hong Kong lead the investments in the capital.

By the end of June this year, the IPs had attracted 550 projects with a total investment of 5.3 billion USD. Of these, 300 were foreign direct investment projects with a total registered capital of 4.7 billion USD.

Cushman &Wakefield Vietnam forecast that the demand for available warehouses will increase greatly in the near future as several foreign companies will come to Vietnam to take advantage of the cheap labour costs.

It added that the IP supply in Hanoi is relatively higher than in Ho Chi Minh City, which is estimated to have 12 new IPs spread over 3,000 hectares, an 85 percent increase against the current number.-VNA