Despite COVID Epidemic, Industrial Real Estate is Bustling Despite COVID Epidemic, Industrial Real Estate is Bustling

Vietnam’s Industrial Real Estate Overview!

In the past 6 months, despite the impacts of COVID-19 pandemic, the industrial real estate market still witnessed many positive signs.

According to Mr. John Campbell, Manager of Savills Vietnam Industrial Real Estate, the Northern region received the majority of newly registered investments in the manufacturing sector up to US$1.97 billion, accounting for 64% of market share. Followed by the Southern region with US$ 728 million (23%), while the Central region attracted US$ 395 million (13%).

Bac Giang has the highest newly registered capital with US$ 589 million, followed by Quang Ninh with US$ 569 million and Bac Ninh with US$ 222 million. The representative of the southern region of Binh Duong ranked 4th with US$ 208 million.

In terms of investors, the largest production projects in the first 6 months of 2021 are those of Jinko Solar and Fukang Technology from Hong Kong (China) and Singapore, with an investment capital of US$ 498 million and US$ 270 million respectively in Quang Ninh and Bac Giang.

However, the massive development of industrial zones may foster oversupply crisis.

By Khanh Phuong, Baoxaydung