Vietnam has emerged as a hot destination for foreign investment in recent years, thanks to its fast-growing economy and favorable investment policies. One of the most significant economic regions in Vietnam is Binh Duong, a province located in the south that has rapidly developed into a bustling industrial hub. More about Binh Duong real estate Vietnam is below!
The Importance Of Binh Duong’s Real Estate In Vietnam
Binh Duong is a rapidly growing industrial hub and one of the most important economic regions in Vietnam. The real estate market in Binh Duong plays a crucial role in supporting its development and attracting foreign investment.
Here are some reasons why Binh Duong real estate is important in Vietnam:
1. Binh Duong is one of the fastest-growing industrial hubs in Vietnam, making it an attractive destination for foreign investors.
2. The real estate market in Binh Duong is essential for supporting the region’s economic growth and development.
3. Binh Duong’s real estate market offers diverse investment opportunities, including industrial, residential, and commercial properties.
4. The strategic location of Binh Duong makes it an ideal spot for logistics and transportation, enhancing the appeal of its real estate market.
5. Favorable policies and incentives for foreign investors in Binh Duong have contributed to the growth and expansion of its real estate market.
6. The real estate market in Binh Duong is projected to continue growing in the future, making it a promising destination for long-term investment.
Comparison With Other Cities In Vietnam
In comparison with Ho Chi Minh, Ha Noi, Nha Trang, Ha Long, Da Nang, Binh Duong real estate Vietnam is distinct from the real estate markets in other Vietnamese cities like Ho Chi Minh, Ha Noi, Da Nang, Nha Trang, and Ha Long. Here are some key differences and similarities:
1. Property types: Binh Duong’s real estate market is mainly focused on industrial and commercial properties, while the markets in Ho Chi Minh, Ha Noi, Da Nang, Nha Trang, and Ha Long have a mix of residential, commercial, and hospitality properties.
2. Location: Being situated in the southern part of Vietnam, Binh Duong is close to Ho Chi Minh City, which is the country’s commercial and financial hub. This makes it easier for businesses to access the city’s infrastructure and resources while still enjoying the lower cost of living and labor in Binh Duong. Additionally, Binh Duong has a well-connected transportation system, with a network of highways, railways, and ports that link it to neighboring provinces and international markets. This gives it an advantage over cities like Nha Trang, Da Nang, and Ha Long, which are located in more remote areas and have less developed transportation infrastructure.
3. Investment policies: Binh Duong has favorable investment policies for foreign investors, including tax incentives, which have helped attract foreign investment. Ha Noi, Da Nang, Nha Trang, and Ha Long also offer incentives to investors but may have different regulations and requirements.
4. Market size: The real estate markets in Ho Chi Minh and Ha Noi are much larger than in Binh Duong, Da Nang, Nha Trang, and Ha Long. As a result, they offer more diverse investment opportunities.
5. Growth potential: All of these cities have strong growth potential in their real estate markets, but Binh Duong’s growth is driven primarily by its industrial and logistics sectors, while the others have a more diverse mix of growth drivers.
Overall, while there are similarities between the real estate markets in these cities, Binh Duong’s specific focus on industrial and commercial properties sets it apart from the others.
Binh Duong Economic Overview: A Promising Hub For Business And Investment In Vietnam
Binh Duong has become an attractive destination for foreign investors looking to capitalize on the province’s abundant resources and pro-business policies. The government has invested in modernizing the province’s infrastructure, which has helped to boost economic activity and attract more investment.
Furthermore, Binh Duong’s strategic location being in the Southern key economic region and proximity to Ho Chi Minh City and other major ports in the region have made it an ideal hub for domestic and international trade.
Overall, Binh Duong’s thriving economy, coupled with its business-friendly environment and supportive government policies, makes it an excellent destination for investors looking to establish a foothold in Vietnam’s dynamic economy.
Binh Duong Emerges As A Top Destination For FDI
Binh Duong has emerged as a prime destination for foreigners to invest in Vietnam real estate due to its attractive FDI policies and favorable business environment. In 2020 alone, the province attracted nearly $1.4 billion in FDI, and recently in 2022, FDI reached $3.1 billion, with the majority of investments being made in the manufacturing and processing industries.
Top Industrial Properties Available For Lease Or Purchase In Binh Duong
Discover some of the best industrial properties currently on the market for lease or purchase in Binh Duong with our curated list below.
– Total area: 42,300 m²
– Vacant area: 28,180 m²
– Key feature: One of the noteworthy attributes of Tan Uyen, Binh Duong is the exceptional chance to invest in VSIP II, which is completely occupied due to the high demand for manufacturing tenants in the area. Additionally, multinational tenants of high value have established themselves in VSIP II.
+ Power Supply: 321.3 MV
+ Water Supply Capacity: 20,000 m3/day
+ Water Drainage Capacity: 40,000 m3/day
+ Lease term: 2058
+ Legal status: LURC – confirmed
+ Price: Contact Savills
– Total area: 18,500 m²
– Vacant area: 13,000 m²
– Key feature: Binh Duong is connected to neighboring provinces via National Highway 13, which has been recently upgraded and expanded to accommodate six lanes, making it the primary route linking Binh Duong with adjacent areas.
+ Power Supply: Voltage: 110/22kV
+ Loading Capacity: 2 tones/m2
+ Ceiling Height: 7-10 m
+ Legal Status: LURC/Redbook & LURC fees
+ LUR Lease Term: 2058
+ Price: Contact Savills
– Total area: 20000 m²
– Vacant area: 11000 m²
– Key feature: The property includes a top-performing tenant in the industry, serving clients worldwide, with a lease term of 10 years.
– Price: Contact Savills
+ Factory floor loading capacity: 05 tons/m2
+ Factory ceiling height:16 m
+ Legal Status: LURC & LURC fees
+ LUR Lease Term: 2064
– Total area: 430,000 m²
– Vacant area: 225,153 m²
– Price: Contact Savills
+ Water supply capacity: 60,000m3/day
+ Wastewater treatment capacity: 600m3/day
+ Loading capacity: 2t/m2
+ Ceiling height: 7m
+ Min. Lease term: 05 years
+ Deposit: 06 Months rent
Industrial lands for lease:
Binh Duong is a rapidly developing province in Vietnam, with a thriving economy and a favorable business environment. Its strategic location, modern infrastructure, and attractive investment policies make it an ideal destination for foreign investors looking to expand their operations in Southeast Asia. That is all about Binh Duong real estate Vietnam!
If you want to know more about Binh Duong industrial zone land price, the price list for land rental in Binh Duong industrial park, or the land rental price VSIP Binh Duong industrial park, please contact us right away. You can reach Mr. John Campbell on our hotline at 0986.718.337 or Savills Vietnam’s senior team of experts for detailed advice on types of factories with sizes, standards, and prices suitable for your business.