INDUSTRIAL SECTOR REPORTS 9% GROWTH IN 2022
Minister Nguyễn Hồng Diên said the sector had made significant progress despite numerous difficulties and challenges including complicated geo-political developments around the world, rising trade protectionism, disrupted supply chains in the aftermath of a global pandemic and tightened monetary policies by major central banks.
BAC GIANG INDUSTRIAL PARKS: EXPANDING LAND FUND, ATTRACTING EFFECTIVE INVESTMENT
To meet investment attraction and industrial development needs, on February 23, 2021, the Prime Minister issued Official Dispatch 216/TTg-CN to ratify the revised industrial park development plan for Bac Giang province. According to the revised plan, the province can add three industrial zones and expand three industrial zones in Yen Dung, Luc Nam, Lang Giang, Viet Yen and Hiep Hoa districts, with a total area of 1,155 ha. This decision is very important to increase the industrial land fund for more investors seeking to invest in the locality and boost socioeconomic development.
INDUSTRIAL REAL ESTATE BOASTING FURTHER ROOM FOR GROWTH
The industrial real estate sector has also been attracting new supply sources. On November 12, investment was approved for developing infrastructure at Hai Long IP in the northern province of Thai Binh. Covering an area of 297ha, the project is funded by Bao Minh IP Infrastructure Investment JSC with total capital of VND2 trillion ($87 million).
EIGHT MORE HOUSING PROJECTS IN HANOI CAN BE OWNED BY FOREIGNERS
They include the high-rise housing project N03-T3&T4 at the Diplomatic Corps Area in Bac Tu Liem District, with the Viet Nam Construction and Engineering Joint Stock Company being the investor; and the low-rise housing project in lot TT6-2 in Tay Tuu urban functional area (Xuan La Construction Investment Joint Stock Company).
REAL ESTATE MARKET MUST BE DIGITALISED
Nguyễn Mạnh Hà, Deputy President of the Việt Nam Real Estate Association, said the digital transformation in the real estate market of Việt Nam was taking place slowly because not all market participants were fully aware of the importance of technology.
REAL ESTATE HOLDS 2ND SPOT IN FDI
Although the domestic real estate market has faced certain difficulties in recent years, foreign investors have continuously poured capital into the field. In the first 10 months of 2022, foreign investors poured $3.87 billion into the real estate sector, bringing it to second position in total foreign direct investment (FDI) in Vietnam.
BUDGET HOUSING STILL IN SHORT SUPPLY
The real estate market remained unstable in January-September this year, with social housing and low-cost commercial apartments still in short supply, according to the Ministry of Construction.
FDI POURED INTO REAL ESTATE SECTOR DOUBLES
Real estate sector attracted 3.5 billion USD in foreign direct investment (FDI) the first nine months of this year, accounting for mearly 19 percent of total FDI that the country lured in the period, coming second among sectors in terms of FDI attraction.
