The demand for industrial land for lease in Vietnam remains high, but the supply of industrial land is low.
Viet Nam is an emerging manufacturing hub, especially for electronics, tech and high-value-added industries. Thomas Rooney, Senior Manager, Industrial Services, Savills Ha Noi discussed the outlook of Viet Nam’s industrial real estate sector.
In the first five months of 2023, 554 realty firms went out of business, up 30.4 per cent year-on-year. Others became worse off as their revenue and profit fell by nearly 7 and 40 per cent, respectively.
Land and industrial infrastructure rental costs are increasing by approximately 10 to 15 per cent annually in Vietnam, but according to the most recent analysis by Vietnamese real estate market research firms, land rents for development and infrastructure in the country's industrial parks (IPs) remain competitive compared to other emerging markets.
The development of eco-industrial parks is considered an effective solution to contribute to completing the net zero emission target by 2050 in Việt Nam. However, there are still many problems with the mechanism.
President Joe Biden is making a big bet on the US economy powering him to re-election next year with the unveiling of a "Bidenomics" pitch to voters this week.
A series of consecutive events will take place in 11 cities and provinces across Việt Nam, offering visitors a detailed look at the highly-anticipated new vehicles, including test drives for prospective buyers.