In order to make the most accurate and objective predictions, experts have based on information and data taken from reality.

In 2020, the "wave" of investment in industrial real estate in Bac Giang came from the presence of many large corporations such as JA Solar, Sumimoto, Foxconn and Luxshare. This year, Bac Giang’s industrial real estate market has been hot again right from the beginning of the year.

The Van Trung Industrial Park in Bac Giang. Photo: Viet Hung.

Bac Giang has continuously announced positive information. Notably, the Prime Minister agreed to add three new industrial parks: the 377-ha Yen Lu Industrial Park in Yen Lu and Nham Son communes of Yen Dung district; the 300-ha Yen Son - Bac Lung Industrial Park in Yen Son and Bac Lung communes of Luc Nam district; and the 105.3-ha Tan Hung Industrial Park in Tan Hung and Xuong Lam communes of Lang Giang district.

The Prime Minister also agreed to expand the Quang Chau Industrial Park by 90 ha in Nenh township and Quang Chau and Van Trung communes of Viet Yen district; the Hoa Phu Industrial Park by 85 ha in Mai Dinh and Huong Lam communes of Hiep Hoa district; the Vietnam-Korea Industrial Park by 148 ha in Hong Thai and Tang Tien communes and Nenh township of Viet Yen district.

In Bac Giang city, there are many projects building high-end apartments and those for experts have been completed, ensuring the supply for the market.

In the first two months of 2021, Bac Giang province attracted 588.7 million USD worth of converted investment capital, nearly 4.5 times higher than the figure recorded in the same period last year. They include four domestically-invested projects with a total registered capital of 325 billion VND (14.06 million USD), up 60 percent year-on-year; and five FDI projects with a combined registered capital of 562 million USD, a 10.3-fold increase. One domestic and five FDI projects were adjusted with additional capital of 16 billion VND (692,000 USD) and 12.1 million USD, respectively.

In February 2021, Foxconn Singapore PTE Ltd decided to add 23 million USD to its Fukang Technology Factory project in the Quang Chau Industrial Park (Viet Yen district), raising the total investment capital of this project to 293 million USD. Foxconn's project, approved by the provincial People's Committee in mid-January, will manufacture tablets, laptops, smart speakers and speaker motherboards with a capacity of more than 16 million units per year, including about 6.2 million tablets, 1.8 million laptops, 4 million smart speakers and 4 million speaker motherboards.

The realities in 2020 and early 2021 showed that Bac Giang’s real estate market has really changed strongly. It is forecast to continue to grow sharply, becoming a bright spot in the industrial real estate market in the North.

It is undeniable that the strong growth of the industrial real estate in Bac Giang has partly led to the continuous development of other property segments. Only the housing development for foreign workers, engineers and experts have brought high profits to investors and made the real estate market develop more and more vibrantly.

Industrial development has also increased the number of immigrants in Bac Giang, especially foreign experts and workers coming to work in industrial zones. This is driving an increase in housing demand, particularly for high-end apartments, luxury hotels or apartments for professionals.

Each senior foreign employee working in Vietnam will have a stay of 3 to 5 years, earning more than 2 billion VND (86,500 USD) per year. In particular, the budget for renting an apartment can be 1,000 to 2,500 USD per month on average. Therefore, the segment of rented houses for foreign experts sees great potential for development, especially the apartment segment.

This is also the reason why not only big real estate corporations but even small investors are flocking to Bac Giang.

"Bo Gia" becomes first Vietnamese film to rake in VND200 bln on domestic circuit

"Bo Gia" (Old Father) has become the highest-grossing Vietnamese movie by earning VND200 billion ($8.69 million) in nine days.

Fishy banh mi delight Saigon foodies

A 25-year-old banh mi stall in Saigon has developed quite a reputation thanks to its round scad sandwich fillings, normally comprised of pork.

Thy Lan