The US-China trade conflict benefited Vietnam’s industrial property market in 2019 as manufacturers began shifting production to alternative markets.

Average asking rents for industrial land in Vietnam increased by as much as 10%, with some industrial parks reporting rent growth of up to 40% year-on-year, CBRE said.

A corner of the Vietnam-Singapore Industrial Park in the northern province of Bac Ninh.

Vietnam Jones Lang Lasalle Company (JLL Vietnam) said land prices in the industrial property segment have reached new levels even though the disease has impacted the land lease process.

Covid-19 has caused temporary difficulties for upcoming business plans, but with a long-term investment strategy, industrial real estate in Vietnam is still very attractive.

In the second quarter of this year, JLL Vietnam recorded rising land prices with an average of US$106 per sq.m for a lease cycle, up 9.7% compared to the same period last year for the southern industrial property market.

Meanwhile, the rent price of ready-built factories was still stable at US$3.5-5 per sq.m per month, because the contract is only short term for 3-5 years and tenants are also susceptible to the pandemic's impact.

Although there are some barriers to entry, including a shortage of industrial land in prime locations and a lack of infrastructure in key areas, Vietnam’s manufacturing industry and industrial real estate market stand to benefit from the rapid changes in global trade and supply chains, as long as trade with developed countries remains a key growth driver, according to CBRE.

Industrial production value of Bac Giang’s FDI enterprises hit over 99 trillion VND in 6 months

(BGO) – According to the Department of Industry and Trade (DoIT) in Bac Giang province, the industrial production value (IPV) (actual) in the first six months of this year is estimated at 115 trillion VND (4.9 billion USD), up 10 percent comparing to the same period last year.         

New Zealand embassy opens free supermarket in Hanoi industrial park

The New Zealand embassy opened a free supermarket at Thang Long Industrial Park on Saturday to benefit 1,500 workers there affected by the Covid-19 pandemic.

Bac Giang: Business and production revenue in industrial parks hit 58 trillion VND

(BGO) – According to the Management Board of the Industrial Parks (MBIP) in Bac Giang province, 368 projects have to date operated, up 80 projects comparing to the late 2019, mostly in the industrial parks (IP) of Van Trung, Song Khe – Noi Hoang, Quang Chau and Dinh Tram.

Industrial production index rises again in May

The index of industrial production (IIP) increased by 11.2% in May compared to the previous month although it still decreased by 3.1% over the same period in 2019 in the context that Vietnam has taken control of the Covid-19 pandemic, the General Statistics Office (GSO) has announced.

Bac Giang handles plane difficulties to quickly complete Hoa Phu industrial park

(BGO) – The Permanent Vice Chairman of Bac Giang provincial People’s Committee (PPC) Lai Thanh Son on May 27 paid a working visit to Hoa phu Industrial Park (IP) in Hiep Hoa district to grasp the project status and construction progress.

Source: NDO/VNA