VN’s industrial property greets new investment wave
12:26 | 10/11/2020

VGP – Viet Nam's industrial real estate is predicted to continue to grow in the next 5-10 years with a new wave of investment, opening up opportunities for the country to participate in the global supply chains.

Viet Nam’s industrial property greets new investment wave

At the recent Viet Nam Industrial Real Estate Forum, Deputy Minister of Planning and Investment Vo Thanh Thong said that foreign investors’ consideration of Viet Nam as an attractive investment destination was mainly attributed to the effective efforts of both the Government and the people in containing the COVID-19 pandemic, promoting business and production activities and stopping the economic downturn.

In the context of investment from the private sector facing many difficulties, the Vietnamese Government has decided to boost public investment, especially in some major infrastructure projects, whilst applying appropriate bailout packages to stimulate the fast recovery of the economy, create jobs and ensure social security.

The Government has stood side by side with enterprises in removing obstacles and stabilizing business and production activities.

Another attractive feature of Viet Nam’s investment climate is the efforts of the whole political system from the central to local levels in reforming administrative procedures, towards creating the most favorable conditions for investors.

In addition, Viet Nam has always been highly appreciated for its political stability, abundant human resources, potential market, competitive costs, favorable geographical location, and an increasingly integrated economy. 

According to CBRE Group’s assessment, there is not only an increasing new trend of investment in industrial real estate in Viet Nam, but the trend to expand production among businesses currently operating in the country such as LG, Samsung, Intel and F&B and animal feed companies, is also growing.

Currently, Viet Nam is a large market with a population of over 100 million and good consumption capacity, which also offers great opportunities for foreign manufacturers doing business there as well as new investors. 

This is also the reason why many industrial real estate investors have invested in ready-built warehouses and factories to leapfrog the wave of investment shift among satellite businesses when they come to Viet Nam.

According to forecasts of experts and investors about Viet Nam’s economy, in the current context of COVID-19, the economy of Viet Nam will continue to grow in 2021, and will even achieve double growth if the US economy recovers, because at that time, there will be a wave of investment into Viet Nam./.

By Vien Nhu

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