The northern province of Bac Ninh remains a bright spot in the industrial property market in the north, taking the lead in supply and demand for industrial activities, said experts from Savills Vietnam.
National Assembly (NA) Chairman Vuong Dinh Hue on October 29 chaired a meeting with representatives of the Government, ministries, sectors and NA agencies on handling acts of infringing upon industrial property rights regarding geographical indication.
Despite a new outbreak of COVID-19 in Vietnam, the industrial property segment saw positive signs with new industrial zones established and key industrial projects beginning operations, according to a report by Savills Vietnam.
Foreign capital continued flowing to industrial real estate via mergers and acquisitions (M&A) in five months of this year, particularly in Hanoi and Ho Chi Minh City.
The supply of industrial property in the south is expected to rise further in the next five years to capitalise on the increasing demand in the region, and further strengthen its leading position in terms of supply, according to JLL Vietnam.
Vietnam’s real estate market recommenced its record run, with the industrial sector viewed as the star of the industry thanks to the country's success in combating COVID-19, said a story by Philip Heller published on Forbes earlier this week.
Vietnam will see strong growth in industrial property next year due to higher demand for industrial parks as business expand production or relocate out of China, according to Savills Vietnam.
Industrial real estate will be a highlight this year and next, despite the sector as a whole struggling with the impact of COVID-19, according to Nguyen Quoc Anh, Deputy Director General of Batdongsan.com.vn, the leading property website in Vietnam.
Vietnam has emerged as a popular destination for industrial property projects as increased labour costs, trade disputes and COVID-19 prompt global manufacturers to vary their supply chains throughout Asia, according to CBRE.
Industrial park infrastructure development companies continue to do well amid the COVID-19 pandemic, and the industrial property sector is expected to thrive since Vietnam is considered among the most attractive investment destinations post-pandemic.
Experts are optimistic about industrial property development prospects in Vietnam, given the country’s rapid integration and improving investment climate.
Industrial property in the Northern Key Economic Zone (NKEZ) saw strong development in the third quarter of this year, according to Jones Lang LaSalle firm (JLL Vietnam).
Investors are looking for industrial and logistics assets via forming joint-ventures with local industrial property developers or purchasing land and operating real estate, according to Jones LaSalle Vietnam Co. Ltd.
Vietnam’s industrial zones have been attracting attention from foreign investors thanks to its robust economic growth, abundant workforce, and the signing of various free trade deals which are expected to form a more favourable business climate, according to the latest report from Jones Lang LaSalle (JLL).
In the first six months of 2019, the Intellectual Property Office of Vietnam received and processed a higher number of documents compared to 2018's same period.
Vietnam, boasting complete infrastructure, abundant industrial property on offer and a line-up of inked free trade pacts, is an attractive destination for world’s leading corporations, who are shifting production out of China due to high costs, said real estate consulting company CBRE Vietnam.
A large number of companies from Europe, the Republic of Korea, Japan, and China are choosing to invest in building manufacturing facilities in Vietnam, promising a boost to the development of the industrial property segment.
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