Business News

Industrial parks (IPs) in the northern province of Vinh Phuc attracted nearly 300 million USD in FDI in the first ten months of this year, equal to 80 percent of the year’s target.

Vietnam will see strong growth in industrial property next year due to higher demand for industrial parks as business expand production or relocate out of China, according to Savills Vietnam.

As among the most advantageous industrial zones in Hai Phong city, DEEP C industrial zones are located adjacent to the Hanoi-Hai Phong-Quang Ninh Expressway and to Lach Huyen International Port (capable of accommodating ships of up to 40,000 DWT). DEEP C industrial zones have synchronous infrastructure, attractive investment incentives, a friendly investment environment and reliable and conscientious support which has produced a strong appeal to investors, especially foreigners.

The $23 per square meter per month price tag in the third quarter marks a 10 percent year-on-year fall, according to data compiled by real estate consultancy Savills.

Domestic and foreign capital flow is expected to bolster real estate shares after the COVID-19 pandemic as many investors are paying attention to the industry.

This month Masan MEATLife, a subsidiary of Masan Group, commissioned the VNĐ1.8 trillion (US$77.6 million) MEATDeli Saigon Meat Processing Complex in Long An Province.

Deputy Prime Minister Truong Hoa Binh’s consent to establish an eastern city of Ho Chi Minh City has stirred up the real estate market there, especially the apartment market. This has brought many great opportunities for developers, secondary investors and end buyers in the coming years.

The market witnessed a negative net absorption in the first nine months of 2020. Some 31% of major transactions collected and closed by CBRE were for contraction purposes, which is expected to continue becoming a trend until the end of this year.