Vietnam Industrial Park (IZ) in Bac Ninh province is expected to provide the market with more than 90.000 square meters of high-quality warehouse and workshop floor space for rent.
Demand for real estate rental in the Northern Industrial Park is increasing
Since 2019, the Government, management agencies as well as many research units have commented on Vietnam's opportunities before the wave of shifting production chains from China.
The wave of investment and expansion of production and business activities of foreign enterprises into Vietnam leads to the need to rent industrial park space. The industrial park real estate industry has since benefited and achieved positive business results in the past few years.
In recent years, many listed industrial park investors have signed many memorandums of understanding on leasing industrial land to new tenants.
Sharing on the sidelines of the groundbreaking ceremony of the ready-built factory and warehouse project at Thuan Thanh III Industrial Park - Division B, Bac Ninh province on April 17, Mr. Truong Khac Nguyen Minh - Deputy General Director of Tap Joint Stock Company Vietnam Industrial Park Group - also said that in fact the demand for renting houses and warehouses is increasing.
- Total factory rental orders in March were close to the highest level in 3.
- Demand in the Northern region has increased, compared to the past, focusing mainly on the South.
- Foreign investment in Vietnam is active, investors from English-speaking countries (USA, Europe,...) account for 20% of the market share.
Vietnam Industrial Park project in Bac Ninh:
- Providing 90.000 square meters of high quality warehouse and workshop floor space for rent.
- Attract potential investors in high-tech industries, clean technology, electronics, light industry, food processing, and supporting industries.
- Advantage:
- High quality industrial infrastructure.
- Strategic location: Northeast gateway to the capital, convenient traffic connections, near airports and seaports.
- Increase competitive advantage, attract foreign direct investment.
Demand for factory rentals in Vietnam is increasing, especially in the Northern region. The Vietnam Industrial Park project in Bac Ninh with many outstanding advantages promises to meet market needs and attract domestic and foreign investors.
Effects from ring road 4
Speaking at the ceremony, Mr. Nguyen Duc Cao, Deputy Head of the Industrial Park Management Board of Bac Ninh province, said that for many years, the North has always maintained its position as the leading industrial center of the country, generating attract FDI capital flows from international businesses.
Prominent in the region, Bac Ninh is becoming a bright spot in FDI, especially from Northeast Asian countries such as China, Japan and Korea.
According to a report by the Foreign Investment Agency (Ministry of Planning and Investment), in the first quarter of 2024 alone, Bac Ninh province ranked second in the country in attracting FDI capital with a total registered investment capital of nearly 2 million USD, accounting for nearly 745,2% of total investment capital nationwide. It is expected that in the second quarter of 12,1, this locality will renew and adjust with a total investment capital of up to 2024 billion USD.
He added that industrial parks in this locality have 1.988 secondary investment projects with a total registered capital of 26,2 billion USD. Industrial parks currently have about 1.240 businesses operating and employing over 310.000 workers.
It is forecasted that after Ring Road 4 is completed, regional and industry connections will be extremely favorable for socio-economic development of Bac Ninh province. Ring Road 4 helps overcome traffic overload, expand development space and resources, and increase the ability to link and trade goods with neighboring provinces in the Capital Region as well as the Key Economic Region. Northern point.
