Illustrative photo. (Source: VNA)Vinhomes IZ, an industrial property arm of developerVinhomes, has raised its charter capital from 70 billion VND (3.02 million USD) to 18.5 trillionVND over the last two years.
VARS said Prime Minister Pham Minh Chinh had meetings with numerousmajor US corporations during his visit to the US last week which providedpositive feedback.
Meeting with the Vietnamese PM, Apple CEO Tim Cook said hiscompany is planning to expand the supply chain and hopes more eligible firms fromVietnam will integrate into its global value chain, VARS noted.
The global economy has been severely hurt by the Russia-Ukrainecrisis, worsened by China’s “Zero COVID” policy, triggering supply chaindisruptions and surging costs and transportation time. As a result, demand forstorages, warehouses and factories is rising in large consumer markets likeVietnam.
Last year, the total FDI flows into Vietnam exceeded 31 billionUSD, up 9.2 percent compared to 2020. Of the figure, 2.6 billion USD worth ofFDI was poured into industrial properties, VARS reported.
By the end of this year, two new industrial parks,namely Vietnam – Singapore Industrial Park (VSIP III) and AMATA Long Thanh,will be put into operation. Work on VSIP III, where the one-billion-USD Legoproject will set up base, started at the end of March.
Many more ready-built factories, including those provided bySLP, BWID and Vietnam Industrial Park, are expected to be available in southernVietnam this year, supplying about 800,000 sqm of warehouses and factories. Southernindustrial parks have sustained a relatively high occupancy rate (about 90percent) and a stable level of rental thanks to growing demand.
In the north, the occupancy rate at IPs stood at 85 percentin the first quarter of this year, up 5 percentage point against the sameperiod last year. The figure even reached 98 percent for ready-built factories.
Savills Hanoi Director Matthew Powell said there is a stiffcompetition among companies seeking a suitable location. A majority ofindustrial properties are located in major cities like Hanoi and Ho Chi MinhCity where there is an easy access to airports and ports.
To lure more investment for other localities,Vietnam should further improve transport networks, develop infrastructure andadopt enabling policies to support economic growth, he said./.
VNA
