top of page

Industrial Parks in Vietnam 2024: Update on Key Indicators

Citing statistics from the Foreign Investment Agency, Mr. Truong Khac Nguyen Minh pointed out that in the first 5 months of 2024, the total registered FDI capital in Vietnam reached nearly 8 billion USD.


Video: Vietdata


Accordingly, the manufacturing and processing industry with many projects still accounts for the largest proportion in attracting new FDI capital into Vietnam. However, the strongest growth belongs to the real estate sector in industrial parks (IPs) with an increase of 70.8% over the same period last year.



According to research data from the Vietnam Association of Realtors (VARS), by the end of the first quarter of 2024, the country had 418 industrial parks (including 4 export processing zones) established in 61/63 provinces and cities with a total natural land area of ​​about 129.9 thousand hectares. The total industrial land area reached about 89.2 thousand hectares. Including 371 industrial parks outside economic zones (EZs), 39 industrial parks located in coastal EZs, and 8 industrial parks located in border gate EZs.


Industrial parks and economic zones have attracted over 10,400 domestic investment projects and over 11,200 valid FDI projects, with total registered investment capital of over VND2.54 trillion and USD231 billion, respectively. FDI capital in industrial parks and economic zones accounts for about 35 - 40% of the total registered FDI capital increase of the whole country in recent years.


Speaking at the Forum, Mr. Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association (Horea) emphasized that since the Covid-19 pandemic, industrial park real estate has been the only bright spot and has lasted until now in the overall picture of real estate.


“The evidence is that a series of big companies continuously pour hundreds of millions or even billions of dollars into industrial parks in Binh Duong, Dong Nai, Ba Ria – Vung Tau such as Lego, Samsung, SK, Pandora..”, Mr. Chau stated.


Great potential combined with the progress of completing infrastructure upgrades has pushed occupancy rates and rental prices in industrial parks to maintain stable growth rates.


Specifically, the operating industrial parks have an estimated occupancy rate of over 75%. Of which, the key northern provinces reach 82% and the key southern provinces reach 92%.


High demand and an increasing trend have pushed up industrial park land rental prices, with a steady increase of 8-12% per year. The Northern region has witnessed the strongest price increase with an average industrial park rental price of 135 USD/m2/rental period. In the South, the average rental price is 188 USD/m2/rental period.


Demand for warehouses and ready-built factories for rent continues to grow strongly, mainly from the manufacturing industry; e-commerce, machinery, and electronic components. Rental prices for warehouses and ready-built factories range from 4-5 USD/m2/month.



(baodautu.vn)





Comentarios


bottom of page