Illustrative image (Photo: VNA) Hanoi (VNA) – Vietnam is well-positioned todevelop industrial property, experts said at the Vietnam Industrial Real EstateForum 2019 in Hanoi on April 23.
The event was co-organised by the Central Institute forEconomic Management (CIEM), the Vietnam National Real Estate Association(VNREA) and Thuong gia (Entrepreneur) magazine.
Speaking at the event, former Construction Deputy Ministerand VNREA Chairman Nguyen Tran Nam said industrial property is the mostattractive segment in 2019, wooing industrial manufacturers in Southeast Asia.
He said investors should grasp opportunities in the field inthe short, mid and long terms while the State should offer more incentives todevelop industrial real estate in a way that matches its potential.
Deputy head of the Ministry of Planning and Investment’s Departmentof Economic Zones Management Tran Quoc Trung said as of the late 2018, thecountry was home to 326 industrial and processing zones with a combined area ofmore than 95,600ha, 251 of them put into operation with a total area of over66,200ha. The rate of occupancy in industrial parks reached 73.9 percent.
CIEM Director Nguyen Dinh Cung affirmed that theattractiveness of domestic industrial property is more than the average in theregion, which will be further propelled by low labour cost, reasonable landlease prices, and preferential corporate income tax.
However, he admitted that infrastructure remains segmented,industrial and economic zones’ contributions to the gross domestic product arebelow potential while the State policies are insufficient to develop thesector.
Vice Chairman of the Ha Nam provincial People’s CommitteeTruong Quoc Huy said apart from providing incentives, the province also holdsregular dialogues with investors to promptly address their difficulties.
Huy said Ha Nam is now home to seven out of the eightindustrial zones with suitable infrastructure and hundreds of firms doing goodbusiness. In recent years, Ha Nam has been among the top 10 localitiesnationwide in terms of foreign direct investment attraction.
It is also one of the first provinces that has been allowedby the Government to develop an industrial area in support of Japanese investorson a site of over 300ha in Dong Van III Industrial Park, he said.
Participants presented their opinions on industrial realestate policies and how to tap existing advantages to develop the field.
Domestic and foreign investors had a chance to accessinformation regarding land zoning in localities and their incentives to attractinvestment.-VNA
The event was co-organised by the Central Institute forEconomic Management (CIEM), the Vietnam National Real Estate Association(VNREA) and Thuong gia (Entrepreneur) magazine.
Speaking at the event, former Construction Deputy Ministerand VNREA Chairman Nguyen Tran Nam said industrial property is the mostattractive segment in 2019, wooing industrial manufacturers in Southeast Asia.
He said investors should grasp opportunities in the field inthe short, mid and long terms while the State should offer more incentives todevelop industrial real estate in a way that matches its potential.
Deputy head of the Ministry of Planning and Investment’s Departmentof Economic Zones Management Tran Quoc Trung said as of the late 2018, thecountry was home to 326 industrial and processing zones with a combined area ofmore than 95,600ha, 251 of them put into operation with a total area of over66,200ha. The rate of occupancy in industrial parks reached 73.9 percent.
CIEM Director Nguyen Dinh Cung affirmed that theattractiveness of domestic industrial property is more than the average in theregion, which will be further propelled by low labour cost, reasonable landlease prices, and preferential corporate income tax.
However, he admitted that infrastructure remains segmented,industrial and economic zones’ contributions to the gross domestic product arebelow potential while the State policies are insufficient to develop thesector.
Vice Chairman of the Ha Nam provincial People’s CommitteeTruong Quoc Huy said apart from providing incentives, the province also holdsregular dialogues with investors to promptly address their difficulties.
Huy said Ha Nam is now home to seven out of the eightindustrial zones with suitable infrastructure and hundreds of firms doing goodbusiness. In recent years, Ha Nam has been among the top 10 localitiesnationwide in terms of foreign direct investment attraction.
It is also one of the first provinces that has been allowedby the Government to develop an industrial area in support of Japanese investorson a site of over 300ha in Dong Van III Industrial Park, he said.
Participants presented their opinions on industrial realestate policies and how to tap existing advantages to develop the field.
Domestic and foreign investors had a chance to accessinformation regarding land zoning in localities and their incentives to attractinvestment.-VNA
VNA
