Vietnam emerges as popular industrial property destination: CBRE
Vietnam has emerged as a popular destination for industrial property projects as increased labour costs, trade disputes and COVID-19 prompt global manufacturers to vary their supply chains throughout Asia, according to CBRE.
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. (Photo doanhnghiepphattrien.vn)
Hanoi (VNS/VNA) — Vietnam has emerged as a popular destination forindustrial property projects as increased labour costs, trade disputes andCOVID-19 prompt global manufacturers to vary their supply chains throughoutAsia, according to CBRE.
TheUS-China trade conflict benefited Vietnam’s industrial property market in 2019as manufacturers began shifting production to alternative markets.
Averageasking rents for industrial land in Vietnam increased by as much as 10 percent,with some industrial parks reporting rent growth of up to 40 percentyear-on-year, CBRE said.
Vietnam JonesLang Lasalle Company (JLL Vietnam) said land prices in the industrialproperty segment have reached new levels even though the disease has impactedthe land lease process.
COVID-19has caused temporary difficulties for upcoming business plans, but with along-term investment strategy, industrial real estate in Vietnam is still veryattractive.
Inthe second quarter of this year, JLL Vietnam recorded rising land prices withan average of 106 USD per sq.m for a lease cycle, up 9.7 percent compared tothe same period last year for the southern industrial property market.
Meanwhile,the rent price of ready-built factories was still stable at 3.5-5 USD per sq.mper month, because the contract is only short term for 3-5 years and tenantsare also susceptible to the pandemic's impact.
Althoughthere are some barriers to entry, including a shortage of industrial land inprime locations and a lack of infrastructure in key areas, Vietnam’smanufacturing industry and industrial real estate market stand to benefit fromthe rapid changes in global trade and supply chains, as long as trade withdeveloped countries remains a key growth driver, according to CBRE./.
Vietnam's real estate market will not be short of capital next year but will still face many challenges from policies and administrative procedures, experts said at the annual Vietnam Real Estate Forum.
Experts are optimistic about industrial property development prospects in Vietnam, given the country’s rapid integration and improving investment climate.
Industrial park infrastructure development companies continue to do well amid the COVID-19 pandemic, and the industrial property sector is expected to thrive since Vietnam is considered among the most attractive investment destinations post-pandemic.
The development of e-commerce together with delays to import and export activities due to disrupted logistics services has accelerated demand for ready-built factories and warehouses during the COVID-19 outbreak in Vietnam.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
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According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
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. (Photo doanhnghiepphattrien.vn) 
