Thị trường bất động sản công nghiệp tiếp tục nóng trong năm nay

The industrial real estate market has recorded positive growth signals, becoming a prominent field attracting FDI to Vietnam. To have an overview of the situation of the industrial real estate market as well as the prospects of this segment, Mr. Matthew Powell, Director of Savills Hanoi made comments and notes for FDI enterprises looking to expect want to invest in Vietnam in the future.

Reporter: Compared with neighboring countries in the region, how do you assess the situation of industrial real estate in Vietnam?

Mr. Matthew Powell: Compared with neighboring countries in the region, Vietnam is in a rather favorable position. Firstly, real estate prices are still relatively affordable when compared with other countries such as Malaysia, Thailand, China, or India.

Although prices are on the upswing, we see many new projects being added to the futures supply. This will be a factor affecting the cost of land. For manufacturing enterprises, the problem lies in the workforce, including quality of workmanship, working environment and social welfare. With many job opportunities and development, labor prices in Vietnam are at a relatively low level in the region. Moreover, because of the relatively simple regulatory framework, businesses feel comfortable investing in and working in Vietnam.

Reporter: In your opinion, what role do FDI enterprises play in the industrial real estate market in Vietnam?

Mr. Matthew Powell: The fact that reputable businesses choose Vietnam as a strategic destination is important in promoting the growth of foreign direct investment (FDI), and at the same time, increasing their prestige. reputation of Vietnam in the international arena. For example, Lego currently has only 5 manufacturing plants worldwide. Therefore, the choice of this enterprise to choose Vietnam as the destination to build a new factory is a great success in attracting FDI capital.

Besides large corporations, Vietnam also attracts FDI from companies operating in the field of production and logistics. In addition, the number of industrial projects investing in Vietnam is increasing, with the goal of prioritizing the development of data centers. In terms of geography, the decisive factors can be mentioned: products, labor, infrastructure, for example, location close to ports, airports or near large urban areas such as Hanoi. Noi and Ho Chi Minh City.

Thị trường bất động sản công nghiệp tiếp tục nóng trong năm nay 1
Mr. Matthew Powell, Director of Savills Hanoi.

Reporter: In your opinion, why is the number of FDI enterprises participating in the industrial real estate market in Vietnam increasing day by day?

Mr. Matthew Powell: There are many reasons for the attractiveness of the industrial real estate industry in Vietnam. Specifically, industrial land in our country has a relatively reasonable price, there are many reputable real estate developers with appropriate legal policies. These are the factors that help attract businesses to invest in Vietnam.

In addition, other factors such as population, working population, labor costs, convenient transportation network and accessibility to international ports and airports, in order to serve export import finished products and products.

In addition to these favorable conditions, the right policy planning from the central to local levels also creates the attractiveness of Vietnam. As a result, many new companies are entering the market due to tax incentives in key economic areas.

Currently, businesses are trying to expand and diversify markets so as not to be dependent on China. In particular, Vietnam emerged with political stability, open investment opportunities, meeting the needs of businesses related to legal factors and support from local authorities. Although administrative procedures still have certain limitations, there have been many improvements. In general, there are many factors that "pull" investors to the Vietnamese market, instead of other places like China, India or Thailand.

Reporter: In your opinion, what should FDI units pay attention to when searching and building industrial real estate projects in Vietnam?

Mr. Matthew Powell:  Vietnam has attracted many industrial real estate developers in the region with projects under construction or new projects. Notably, logistics and data center projects are recording an increase in high-quality investment.

Some large US and European companies are looking for opportunities to enter the Vietnamese market. For these businesses, choosing the right location requires in-depth analytical research. When working with manufacturers to determine the right location, consider a variety of factors including price, labor costs, transportation systems and travel times to ports.

These factors will be calculated based on industry and product characteristics of each enterprise. For example, when working with a medical device manufacturing company that wants to develop a factory in Hanoi; Help them identify the right locations first, then research the legal and investment factors, and make sure the process goes smoothly.

The epidemic has caused many obstacles to investment due to restrictions on working over the Internet. It is difficult for companies to make appropriate decisions. With the return of international flights on March 15, we expect a boom in foreign investment with many new projects being signed, especially manufacturing plants and warehouse logistics. in the coming months.

Ordination
According to the Fatherland
Source:  https://cafef.vn/thi-truong-bat-dong-san-cong-nghiep-tiep-tuc-nong-trong-nam-nay-20220314110858275.chn