Business News

The Ministry of Planning and Investment (MPI) is mulling over an in-depth assessment of land usage of foreign-invested enterprises, particularly projects in major localities such as Hanoi, Ho Chi Minh City, Danang, Haiphong, and Khanh Hoa.

Up to 80 percent of real estate trading floors have resumed operations, along with the establishment of new ones, according to the Ministry of Construction (MoC).

Several large-scale industrial zones were being set up from the beginning of this year to capture the opportunity of attracting both foreign and domestic manufacturers in the wave of post-pandemic production and business recovery.

Since 2019, real estate businesses have been regularly in the group of businesses with the highest value of corporate bonds issued monthly, quarterly and annually. However, since the beginning of the year, after the tightening policy of capital inflows into this sector, the value of real estate corporate bonds has dropped sharply.

According to Michael Tran, chief construction director at KCN Vietnam, the commencement of Ho Nai Industrial Park was a significant milestone for all partners.

Vietnam’s industrial real estate market is becoming hotter, driven by an increase in foreign direct investment (FDI) flows. Germany’s Framas Group recently leased a ready-built warehouse with an area of 20,000sq.m at KTG Industrial Nhon Trach 2 in the southern province of Dong Nai.

Real estate mergers and acquisitions (M&A) are expected to be a good source of FDI in Vietnam this year, said Savills, and forecasting M&A activity is likely to increase in terms of frequency and value.

Earlier, the HCM City Industrial Parks and Export Processing Zones Authority (HEPZA) had submitted the plan for the committee's approval with the aim of gradually weeding out labour-intensive firms and those using outdated technologies in Industrial Parks (IPs) and Export Processing Zones (EPZs).