Tiếng Việt
1. Industrial real estate has new changes from June 2023
1.1 Situation of industrial park land fund across the country in the first half of 2023
For the industrial land market, the absorption area in the first 6 months of 2023 of level 1 markets in the North and the South reached 386 hectares and 397 hectares, respectively. Compared to the first half of 2022, this absorption is 20% higher for the South and 60% higher for the North.
The Northern region continues to record strong demand from the electronics sector. In the first half of 2023, the industrial real estate market recorded the expansion of large manufacturers such as Foxconn and Goertek in industrial parks (IPs) in Bac Giang and Bac Ninh.
Meanwhile, market demand in the South is very diverse. Tenants from the auto manufacturing, garment and packaging industries are among the industry groups actively looking for industrial land, warehouses and ready-built factories in the South.
1.2 Future directions
Investors are also accelerating preparation and construction progress, leading to a significant increase in the supply of industrial park land in the period 2023 – 2026, expected to reach nearly 5,000 hectares. The market is expected to receive 1.4 million m2 of factories and 0.7 million m2 of warehouses. Demand for these two types is expected to continue to be maintained if the Northern region continues to promote its position in attracting investment.
Industrial park land rental prices are expected to continue to increase due to limited land supply in the short term, amid high demand. Meanwhile, ready-built warehouse rental prices are expected to increase more slowly or remain unchanged.
2. Industrial real estate will grow in the Logistics sector from 2024
In fact, the southern transport infrastructure is being improved and developed, with better connections within the primary market and between primary and secondary markets (level 1 markets include Ho Chi Minh City, Dong Nai, Binh Duong and Long An; level 2 markets include Binh Thuan, Ba Ria-Vung Tau, Binh Phuoc, Tay Ninh).
Specifically, Ho Chi Minh City – Trung Luong – My Thuan expressway (completed in 2022) and projects in the near future such as: Dau Giay – Phan Thiet expressway, My Thuan – Can Tho – Bac Lieu expressway , Nhon Trach bridge…
In addition, the industrial real estate market also witnesses continuous interest from global manufacturers, especially in the electronics and energy sectors. With the story of rapid development in the fields of infrastructure and Logistics, the import-export market being promoted bilaterally and multi-dimensionally also promises that the picture of industrial real estate development planning will be more promising in 2024.
3. Industrial real estate planning Green business model
Currently, besides location and price, industrial real estate leasing businesses are gradually focusing more on technical standards and facilities. It is increasingly necessary for industrial parks to improve the quality of customer service, especially environmental factors and sustainable development such as net zero emissions targets, renewable energy and the economy. circular economy.
In particular, Dai Dung in July completed the procedures. On June 27, 2023, the People’s Committee of Thanh Hoa province just approved Dai Dung Nghi Son Mechanical Manufacturing Joint Stock Company to carry out a Technology Mechanical Factory. Cao Nghi Son; belongs to industrial zone No. 1, Nghi Son economic zone, in Mai Lam ward, Nghi Son town. In particular, the project promotes the development of production of metal structures, mechanical processing and installation of machinery and industrial equipment,… to meet the needs of construction of key national and world projects. .
Accordingly, the project’s land location is located in lot CN-5, industrial subdivision No. 1, Nghi Son economic zone (in Mai Lam ward, Nghi Son town, Thanh Hoa province). The goal of the project is to produce metal structures, mechanical processing and installation of industrial machinery and equipment, meeting the needs of projects and works in Vietnam and around the world.
The project has a land use scale of about 10.2 hectares; Design capacity of 50,000 tons of products/year; Total investment is 501,689 billion VND. It is expected that the project’s products will serve heavy industry – thermal power – petrochemical plants; High-rise buildings, pre-engineered steel buildings; public infrastructure; other components; Of which, about 70-80% of products will be exported to foreign countries for consumption through Nghi Son seaport; The remaining 20-30% will be consumed in the domestic market.
Compiled source: from Investment Newspaper (baodautu.vn) and Ministry of Finance (mof.gov.vn)