First Vietnam industrial real estate forum to take place in Hanoi
The first edition of the Vietnam industrial real estate forum will be held in Hanoi on April 23 by the Central Institute for Economic Management (CIEM), the Vietnam Real Estate Association (VNREA), and Thuong Gia (Merchant) Magazine.
The industrial real estate market – which includes industrial land, ready-built factories, and warehouses and logistics – is expected to develop strongly in the time ahead, according to the organising board.
This segment has gathered strong attraction from foreign investors, especially in the context of the US-China trade war.
Vietnam’s more 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.
Experts have predicted that Vietnam will 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.
It is forecast that Vietnam will have around 500 industrial parks by 2020, which requires some 500,000 ha of land. 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.
At the forum, participants 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.