The occupancy rate in Ho Chi Minh City parks rose by 24 percentage points year-on-year to over 90 percent, and rents are around $150 per square meter per year, highest anywhere in the country, according to a recent report by real estate firm Savills.

Bau Bang Industrial Park in Binh Duong Province.

Neighboring Binh Duong Province saw occupancy increasing by 28 percentage points to 97 percent despite a 55 percent jump in rentals to $102.

In Dong Nai Province, both occupancy and rental rose 21 percent, while Tay Ninh Province on the Cambodia border saw occupancy rise by 64 percent and rents by 31 percent.

Interest in Vietnam’s industrial real estate market is now at all-time high because of foreign companies’ increasing investment, the report said.

The pledged FDI in manufacturing in the first six months rose by 40 percent year-on-year to $13.1 billion, accounting for 71 percent of total pledges, according to the Ministry of Planning and Investment.

The U.S.-China trade war has seen companies move or consider moving their production from China to Vietnam, increasing demand for industrial land.

Tan Duc Industrial Park in Long An province.

Investment management firm VinaCapital said in a note in July that at least five companies had moved a part of their production from China to Vietnam, and another eight, including Chinese supplier GoerTek and Chinese TV maker TCL, were in the process of moving.

Eight companies, including giant Taiwanese contract manufacturer Foxconn and Japanese electronics firm Sharp, were considering moving, it added.

Vietnam had 251 industrial parks as of the first half of this year, and 75 more are under construction or acquiring lands.

Bac Giang focuses on removing traffic "bottlenecks" in industrial parks

(BGO) - On the morning of August 27, Secretary of the provincial Party Committee Bui Van Hai inspected the current transport infrastructure in the Van Trung Industrial Park in Viet Yen district, Bac Giang province.

Detail construciton plan of Doan Bai – Luong Phong 2 industrial cluster approved

(BGO) – The Chairman of Bac Giang provincial People’s Committee (PPC) has issued the Decision to approve for the detail construction plan of Doan Bai – Luong Phong 2 industrial cluster in Hiep Hoa district (the ratio of 1/500).

Industrial production index surges by 9.7% in July

Vietnam’s industrial production index (IIP) in July was estimated to expand by 5.9% from the previous month and 9.7% compared to the same period last year, according to the General Statistics Office (GSO).

EU tariff preferences for some industrial products from Vietnam

  

Bac Giang: 2 Hong Kong projects invest over 50 million USD in Van Trung and Quang Chau Industrial Parks

(BGO) – According to the Management Board of the Industrial Parks in the northern province of Bac Giang, the project of Tacu Hong Kong Limited (Hong Kong) has been approved  to invest in Van Trung Industrial Park with total capital of over 5.6 million USD.

Source: VnExpress