Hanoi to host first Vietnam industrial property forum
06/04/2019 17:20
The first edition of the Vietnam industrial real estate forum is expected to take place in Hanoi on April 23, with the collaboration of the Central Institute for Economic Management (CIEM), the Vietnam Real Estate Association (VNREA), and Thuong Gia (Merchant) Magazine.

The domestic industrial property market, which includes industrial land, ready-built factories, and warehouses and logistics, is predicted to develop strongly in the time ahead, said the organising board.

The segment has gathered strong attraction from foreign investors, especially in the context of the US-China trade war.

Vietnam industrial property

Vietnam’s recent policies, such as strategies to restructure the industry or new legal frameworks on the management of industrial and economic parks, have opened up numerous development opportunities for the industrial real estate sector.

The country is expected to shift from a labour-intensive to a capital market. The increasing flow of foreign direct investment (FDI) along with the shift in the value chain will make industrial real estate a focal point in the market.

By 2020, Vietnam will have about 500 industrial parks, which requires some 500,000 ha of land, experts forecast. Therefore, the opportunity to own land for penetration and development in the field is huge for both existing and potential future investors.

The logistics market is expected to develop within five to 10 years. By 2025, the e-commerce market in Vietnam will continue witnessing strong development. 

Logistics firms should be quick to invest in infrastructure as many foreign businesses will soon be looking to invest in industrial real estate in Vietnam.

Participants at the forum will be given information on relevant policies and how to develop this segment.

Potential investors will also be able to meet local authorities and learn about investment opportunities in their locality’s industrial parks.

(Source: Vietnamnews)