Business News

Real estate mergers and acquisitions (M&A) are expected to be a good source of funds in 2022, as these activities are likely to increase in terms of frequency and value this year. Despite enormous investment potential, foreign investors should be aware of the potential obstacles within such deals.

The industrial property market is expected to heat up this year, driven by an influx of foreign direct investment (FDI), thanks to an improved manufacturing sector and border reopening which has helped raise investors' confidence.

The southern province of Binh Duong will begin work on two large-scale industrial parks this year, said provincial chairman Vo Van Minh.
These include the Vietnam-Singapore 3 Industrial Park (VSIP3) and the Cay Truong Industrial Park, with each covering an area of 1,000 hectares. The VSIP3 project is scheduled to get off the ground in late March, reported the Vietnam News Agency.

They are Tân An Thạnh in Bình Tân District (500ha), Đình Khao in Long Hồ District ​(400ha), Trung Thành Tây in Vũng Liêm District (30ha), Mỹ Hoà in Bình Minh town (​​300ha), and Phước An in Mang Thít district (200ha).

Funding into industrial zones is expected to be fruitful for the majority of the year, when the demand for land lease recovers and a range of contracts are completed.

Investors of housing projects that lag behind schedule will be fined VND400-600 million each, according to the Government’s newly-issued regulations. The Government has issued Decree 16/2022/ND-CP on administrative sanctions against violations in the real estate sector.

Economic and industrial parks nationwide drew 539 foreign-invested and 615 domestic projects with a total registered capital of 12.8 billion USD last year despite COVID-19 pandemic, up 15 percent annually, reported the Ministry of Planning and Investment (MoPI).

In 2021, despite being affected by the COVID-19 epidemic, all three areas of agro-forestry and fisheries, industry and construction, and services posted higher growth rates compared to 2020.