According to CBRE, as of the third quarter of 2020, the total land area of industrial parks in the five main northern industrial cities and provinces including Hanoi, Bac Ninh, Hung Yen, Hai Duong and Hai Phong reached 13,800 hectares, with 9,600 ha of industrial land for lease. The average occupancy rate of the industrial park remained at a positive level of 79%. In which, industrial parks in Hanoi, Hai Duong and Bac Ninh achieved an average occupancy rate of about 90%.
For the Southern market, the total area of industrial land is double that of the Northern market, reaching about 38,000 hectares, of which 24,000 hectares of industrial land for lease include Ho Chi Minh, Binh Duong, Long An, Dong Nai, Ba Ria-Vung Tau with an average occupancy rate of nearly 77%.
WILL VIETNAM CELEBRATE THE TRANSFORMATION Wave IN 2021?
CBRE emphasized that Vietnam is one of the attractive destinations for investors of companies with production lines in China.
Savills experts also said that demand continues to exceed supply with the occupancy rate of industrial real estate reaching 76% nationwide, the demand for this segment is very large in key industrial provinces.
Most of the leasing transactions in the first 6 months of 2020 originate from projects and negotiations that took place since 2019, while many leases are also done from companies already in Vietnam and want to open. production expansion.
It is expected that in 2021 and 2022, manufacturers will move out of China, this is an opportunity for investors to launch more projects to catch up and meet high-value manufacturing investments. .
“The last quarter could see investors and tenants try to quickly finalize negotiations and reach bilateral agreements with property developers to close a favorable price. while investors still have the flexibility to negotiate in the context of the pandemic.
If the flights are put into operation in the first 6 months of 2021, the rental price of land, factories and warehouses is likely to increase, causing investors to lock in prices as soon as possible,” emphasized Savills Vietnam. .
SERIOUS DRINK SUPPLY LAND FOR HANDLING AVAILABLE
The demand for industrial real estate is going to be huge, however, according to CBRE experts, “the supply of industrial land ready for handover in industrial zones in both regions is in short supply”. This is a disadvantage of Vietnam’s industrial real estate and needs to be overcome in order to open the flow of capital into Vietnam.
The director of JLL Vietnam also said that the land fund for development of industrial parks in Vietnam is very limited, and the land fund with good transport infrastructure is even more limited. If you want to get land to expand industrial parks, there are also barriers. With the current infrastructure system, it is feared that Vietnam will not be able to meet all the requirements of many large foreign investors.
VnREA Deputy Secretary General emphasized that if Vietnam wants to attract and absorb the massive wave of FDI, it first needs to have stronger investment in land and infrastructure. With synchronous infrastructure, convenient transportation, and low logistics costs, only agricultural land will be converted into industrial land, and industrial parks and economic zones will be built to attract investors to Vietnam.
Currently, industrial parks and economic zones are concentrated in large economic regions such as the North and the South, while the Central region is a weak industrial development area, so Vietnam can invest in investment, construction of infrastructure and seaports to attract FDI enterprises into this area.
(According to vneconomy.vn)
