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Take a look at industrial parks that have just received capital flows of hundreds of millions of dollars

A recent report by Savills Vietnam said that in the first half of 2023, the Northern region will welcome a number of large investment projects in industrial parks. These include the project of Fulian Precision Technology, with an investment of 621 million US$ in Bac Giang, the 280 million US$ project of Goerteck (Hong Kong) Co. in Bac Ninh and the 165 million USD project of Boltun Corp & QST International Corp in Quang Ninh.

Large production investment projects worth hundreds of millions of dollars

In the South, prominent projects include Shandong Haohua Tire’s $500 million project in Binh Phuoc, Suntory Pepsico Vietnam’s $185 million project in Long An and $163 million project in Binh Phuoc. Duong of Pandora Production Holdings A/S.

According to the writer’s statistics, from June until now, the industrial real estate market has seen a number of other large investment deals.

For example, the Industrial Zones Management Board of Hai Duong province has just issued an investment registration certificate to investor Biel Crystal Private Limited (Singapore) to implement a project in An Phat 1 Industrial Park (Nam Sach).

Take a look at industrial parks that have just received capital flows of hundreds of millions of dollars rslgrou 4
Take a look at industrial parks that have just received capital flows of hundreds of millions of dollars 4

Accordingly, this investor leased more than 20 hectares in An Phat 1 Industrial Park to build a factory manufacturing glass and glass products, optical equipment and instruments, plastic products, and inspection. and technical analysis,… The project has a total investment capital of over 6,000 billion VND (equivalent to 260 million USD). This is the project with the largest total investment capital in An Phat 1 Industrial Park from the beginning of the year to October 15.

In Thai Binh, the People’s Committee of this province recently held a ceremony to award Investment Registration Certificates for 3 projects with a total investment capital of 270 million USD in Lien Ha Thai Industrial Park (Thai Thuy district).

Specifically, Pegavision Corporation (Taiwan) invested in implementing the Pegavision Vietnam Factory project to produce contact lenses with a scale of 10 hectares, total investment capital of 200 million USD.

Goodway Cayman Co., Ltd. invests in the production of conversion ports, connection devices, and computer equipment on an area of 5 hectares, with a total investment of 45 million USD.

Longstar Lighting Xiamen Co., Ltd. invests in a factory manufacturing and processing LED lights of all types and LED components with a scale of nearly 4 hectares, with a total investment of 25 million USD.

In Hai Phong, the Hai Phong Economic Zone Management Board has also just awarded Investment Registration Certificates/capital increase adjustments to projects in industrial parks and economic zones in the area with a total registered investment capital of nearly 1 billion USD.

A typical example is the Ecovance high-tech biodegradable materials factory project of SK Group (Korea) with an area of 3.2 hectares at Lot CN5.5G2, Dinh Vu Industrial Park, in Dinh Vu – Cat Hai economic zone.

In addition, the office machinery and equipment manufacturing project of investor Kyocera Document Solutions Inc. (Japan) at VSIP Hai Phong Urban, Industrial and Service Area was adjusted to increase total investment capital to 425 million USD.

In Quang Ninh, at the end of June, the Provincial People’s Committee awarded Investment Registration Certificates to two projects (FECV Foxconn Quang Ninh Factory and FMMV Foxconn Quang Ninh Factory) with a total investment capital of nearly 250 million USD. of Foxconn Singapore PTE LTD Company at Song Khoai Industrial Park (Quang Yen town).

Take a look at industrial parks that have just received capital flows of hundreds of millions of dollars rslgrou 5
Take a look at industrial parks that have just received capital flows of hundreds of millions of dollars 5

The market still has many challenges

According to Mr. John Campbell, Deputy Director, Head of Savills Vietnam Industrial Services, the industrial real estate market landscape is changing with the participation of more investors. As the manufacturing and logistics sectors grow, industrial products become increasingly diverse, including prefabricated factories, warehouses, multi-story facilities, combined facilities, and temperature-controlled buildings. and built to suit your needs.

In just the past 5 years, land renters have had more options and are no longer bound to the usual 50-year land lease term. This creates fierce competition among investors with more ready-built housing being launched in key provinces.

However, Mr. John Campbell also pointed out certain challenges of Vietnam’s industrial real estate in the coming time.

Firstly, the quality of all traffic infrastructure in Vietnam is still lower than other countries in the region. Although transportation infrastructure is expanding rapidly, development has not kept pace with economic and social growth. Rapid growth in urban population and freight transport is the main driver of infrastructure demand, while port and seaport capacity has not reached its full potential.

Take a look at industrial parks that have just received capital flows of hundreds of millions of dollars rslgrou 3
Take a look at industrial parks that have just received capital flows of hundreds of millions of dollars 6

Second, as Vietnam’s focus shifts to attracting high value-added industries and increasing productivity to be on par with regional peers, the demand for skilled labor will increase. Although labor costs in Vietnam are only 1/3 of those in China, productivity is also lower at the same level.

Third, strict new fire regulations were introduced at the end of 2022, which has created obstacles for industrial developers, manufacturers and logistics companies. Key foreign investors are having difficulty obtaining the appropriate certificates and some projects have been delayed because of this problem.

“To address existing challenges, the Government needs to continue to invest in infrastructure and improve the skills of Vietnam’s workforce to improve productivity and efficiency. In addition, promoting supporting industries, strengthening supply chains, simplifying investment and land use procedures, and applying digitalization are all key areas of Vietnam’s industry. ”said the expert.

Source: vietnambiz.vn