FDI fuels industrial land rentalIncreased foreign investment has fuelled the industrial property market in  Investment from foreign companies has been the driving factor in the recent industrial property market boom According to Tran Duy Dong, deputy director of Economic Zone Management Department under the Ministry of Planning and Investment (MPI), improved FDI attraction has pushed the industrial property market forward. “Investment in industrial zones last year revealed positive trends. Giants such as Samsung and LG have had their investments echoed, with satellite projects following in their wake,” Dong said in a seminar on investment promotion to industrial zones (IZs) in The MPI’s Foreign Investment Agency reported that the total newly committed foreign direct investment (FDI) to Samsung Electronics invested in a $2 billion factory in Yen Binh IZ in the “When a foreign investor builds a factory in CBRE Vietnam forecasted that the IZ real estate market would remain busy because With good infrastructure, good logistics networks and proximity to “With LG’s recent announcement, it is anticipated that a shortage of ready built factories in The last quarter of 2013 saw more In the south, Dong Nai has received more enquiries for both land and ready built factories due to existing and fourth coming infrastructure improvements such as the Long Thanh - Dau Giay highway. In the north, new investors have tended to move either to Hai Duong or Hung Yen provinces, to take advantage of cheap labour or to IZs in “With the incoming factory from LG Electronics, land leasing and factory leasing prices in this and the surrounding area may increase in 2014,” CBRE predicted. Several regulations intended to improve the investment climate took effect from January 2014, and FDI figures are likely to remain positive, with a focus on business process outsourcing, IT and fast moving consumer goods sectors. By Bich Ngoc, VIR |
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