Demand for industrial land remains high, especially in the southern region, with ready-built warehouses and factories increasingly attracting investors, according to Savills Vietnam.
The industrial realty market has recorded robust development on the back of recovering foreign trade which grew 15.7% year-on-year to 368.53 billion USD in the first half of the year, insiders have said.
The northern port city of Hai Phong attracted 647 million USD in foreign direct investment (FDI) in the first five months of 2024, up 11% year on year, solidifying its position as one of the biggest recipient of FDI nationwide.
More than 5,300 flights are scheduled to operate during the peak travel period from August 31 to September 5, providing a total of 1.06 million seats in order to meet passengers' demand during the National Day (September 2) holidays.
Vietravel Airlines, a member of Vietravel Corporation, on May 5 inked an aircraft lease agreement with Cambodia Airways, a step forward in expanding its fleet as planned for the third quarter of this year.
Industrial parks (IPs) in Hanoi had attracted 303 foreign direct investment projects worth nearly 6.1 billion USSD and 399 domestic projects with total registered capital of almost 18 trillion VND (788 million USD) by the beginning of December last year.
The need for commercial space in Quarter 1 slightly increased as compared to the previous quarter as exchanges of goods rose during the traditional Lunar New Year (Tet) holiday and international brands continued to expand their networks in Vietnam, according to the Ministry of Construction.
The picture of the domestic aviation industry remains gloomy as the COVID-19 pandemic has left a strong impact on airlines, eating quickly into their wallets. The national flag carrier Vietnam Airlines forecast that the domestic aviation market will gradually recover this year and in 2021 despite difficulties, but it will take a very long time for the international market to regain its health.
The occupancy rate at operational industrial parks in the major industrial localities in the south averaged 84.5 percent during January-September, according to a report from CBRE Vietnam.
Despite short-term difficulties, the prospects for industrial park stocks will increase after the COVID-19 pandemic is over, driven by the relocation of global firms to diversify supply chains, with many picking Vietnam as their destination.
The occupancy rate at operational industrial parks (IPs) nationwide hits nearly 75 percent, according to the Economic Zone Management Department under the Ministry of Planning and Investment.
Hanoi welcomed more than 4.7 million foreign tourists in the first nine months of 2019, a year-on-year increase of 10.1 percent, announced the municipal Department of Tourism on September 24.
The southern provinces of Binh Duong and Dong Nai have given top priority to projects with high added value and rolled out the red carpet for investors with technological breakthroughs.
The occupancy rate at active industrial parks (IPs) nationwide in January-July was about 73 percent, according to the Management Department of Economic Zones under the Ministry of Planning and Investment.
The occupancy rate in operational industrial parks (IPs) across the country has reached 73 percent, according to the Economic Zone Management Department under the Ministry of Planning and Investment.