Business News

Industrial real estate has had easier access to bank credit since July, when the State Bank of Vietnam (SBV) reduced the credit risk coefficient for industrial real estate from 200 per cent to 160 per cent, encouraging commercial banks to lend to more projects in the segment.

The Ministry of Foreign Affairs' State Committee for Overseas Vietnamese (SCOV) in coordination with the Hanoi Bar Association organised a conference on June 27 to popularise regulations and laws regarding the Land Law 2024 of Vietnam to overseas Vietnamese (OVs).

Large manufacturers continue to see Vietnam as a potential candidate in their supply chain diversification strategies. Big moves in early 2024 included the microchip project of US firm Coherent and a scheme to build warehouses for rent by Singapore’s SLP in the southern province of Dong Nai.

Apartment prices have stabilized, and demand has cooled. However, apartments remain the most liquid assets among real estate products, with stronger interest in Hanoi and HCMC, the Vietnam News Agency reported, citing Nguyen Quoc Anh, deputy general director of the local realty website batdongsan.com.vn.

According to a report by JLL, rental prices for apartments in the city increased by 1.6 per cent quarterly and 5.9 per cent annually in the first three months, averaging 10 USD per square metre per month, particularly in new high-quality developments.

According to the Ministry of Natural Resources and Environment (MoNRE), new provisions will allow investors to implement construction works to prevent land erosion within their projects. The land created or reclaimed by such construction works would be given to the investors' use for a fee, without the need to go through auctions.

Foreign developers dominate the modern warehouse market in Vietnam, accounting for over 75 per cent of the market share by net leasable area (NLA) in 2023. According to an industry report by FiinGroup, warehousing remains one of the most promising logistics segments in Vietnam, attracting investments from both local and foreign investors.

Vietnam’s industrial real estate sector is experiencing strong expansion, driven by favorable elements such as macroeconomic stability, industrial advancement and enhancements in transportation infrastructure.improvement.