The Industrial and service urban real estate models attract investors
The North is witnessing the trend of investors are accelerating the development of complex real estate models in the North, such as LG Korea Group is expressing its desire to invest in a 304ha Dai Hung industrial, urban and service complex project, with a total investment of nearly US $500 million in Hai Duong; IDICO company is expected to invest in more Vinh Quang serviced urban industrial park with an area of 495ha in Hai Phong.
In addition to traditional industrial provinces, the market also has the development of complex models in new markets, typically the investment research project of industrial- urban – service complex with a total area of about 496 hectares in Yen Bai province proposed by Viglacera Corporation.
Short-term market volatility has little effect on medium to long-term potential.
Due to the impact of the epidemic in 3Q, not only did the number of newly registered FDI projects record a downward trend, but the market also noted that some manufacturing enterprises had to shift orders out of Vietnam to cope with the situation. The shift of orders is currently temporary, however, none of the FDI enterprises have left Vietnam.
Although the long-term social gap has raised concerns among the foreign business community, Vietnam is still considered an attractive destination thanks to its human resource advantages, diverse free trade agreements and government commitments to infrastructure development. If the pandemic is soon controlled, Vietnam will continue to benefit from changes in the global supply chain.
