First Vietnam industrial real estate forum to take place in Hanoi
The first edition of the Vietnam industrial real estate forum will be held in Hanoi on April 23 by the Central Institute for Economic Management (CIEM), the Vietnam Real Estate Association (VNREA), and Thuong Gia (Merchant) Magazine.
Hanoi (VNA) – The first edition of the Vietnamindustrial real estate forum will be held in Hanoi on April 23 by the CentralInstitute for Economic Management (CIEM), the Vietnam Real Estate Association(VNREA), and Thuong Gia (Merchant) Magazine.
The industrial real estate market – which includesindustrial land, ready-built factories, and warehouses and logistics – is expectedto develop strongly in the time ahead, according to the organising board.
This segment has gathered strong attraction fromforeign investors, especially in the context of the US-China trade war.
Vietnam’s more recent policies, such as strategiesto restructure the industry or new legal frameworks on the management ofindustrial and economic parks, have opened up numerous developmentopportunities for the industrial real estate sector.
Experts have predicted that Vietnam will shiftfrom a labour-intensive to a capital market. The increasing flow of foreigndirect investment (FDI) along with the shift in the value chain will makeindustrial real estate a focal point in the market.
It is forecast that Vietnam will have around 500industrial parks by 2020, which requires some 500,000 ha of land. Therefore,the opportunity to own land for penetration and development in the field ishuge for both existing and potential future investors.
The logistics market is expected to developwithin five to 10 years. By 2025, the e-commerce market in Vietnam willcontinue witnessing strong development.
Logistics firms should be quick to invest ininfrastructure as many foreign businesses will soon be looking to invest inindustrial real estate in Vietnam.
At the forum, participants will be given informationon relevant policies and how to develop this segment.
Potential investors will also be able to meet localauthorities and learn about investment opportunities in their locality’s industrialparks. –VNA
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Illustrative image (Source: VNA)
