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Foreign businesses contribute to the “party” of billion-dollar industrial real estate in the first quarter of 2022

According to Mr. John Campbell, Deputy Director, Head of Industrial Services at Savills Vietnam, the reopening is an important factor to help strengthen confidence for international businesses and investors, and promises a successful development of the industrial sector in 2022. In fact, in the first quarter of the year, many big investors invested in factories to expand production and business activities in Vietnam.

In this March, Savills Vietnam supported the Group Fuchs successfully leased land in Ba Ria – Vung Tau province. Accordingly, Fuchs – Germany’s leading lubricant group – has expanded its operations in Vietnam with a long-term lease of a land plot of 20,000 m2 in Phu My 3 Intensive Industrial Park.

Commenting on the acquisition, Mr. John said: “This 55-year lease highlights the growth in the industrial sector of Ba Ria – Vung Tau and the need for multinational tenants to consider different properties. Ba Ria – Vung Tau province not only has competitive rents, suitable infrastructure for medium and heavy industries, but also has a close distance to a growing seaport cluster. .”

Before that, in February, Savills Vietnam also successfully performed a factory lease deal between frames and KTG Industrial. framas, Germany’s leading injection molding machine manufacturer, leased a 20,000 square meter prefabricated facility at KTG Industrial Nhon Trach 2, Dong Nai province. The 10-year lease signed at the end of Vietnam’s most severe Covid-19 outbreak demonstrates the unrelenting strength of Vietnam’s economy and industrial real estate in the eyes of investors. foreign. On the side of industrial park real estate developers, the market in the past 3 months has been very active with billions of USD worth of investments in industrial parks across the country. For example, at the end of December 2021, Gaw NP Industrial broke ground on a 16-hectare ready-built factory (RBF) project at GNP Yen Binh 2 Industrial Center. Besides, at the end of February, Vietnam’s industrial park also opened held the groundbreaking ceremony of the factory and warehouse project in Phu An Thanh Industrial Park, Long An province with a scale of 13.4 hectares.

According to a representative of Savills, the market has been active since the beginning of this year. Representative, LOGOS Vietnam Logistics Venture conducted the 4th M&A deal in Vietnam. On February 17, LOGOS and Manulife Investment Management established a joint venture partnership to acquire a modern, built-to-suit logistics factory with a total area of ​​116,000 m2 with an investment value of 116,000 square meters. investment up to 80 million USD. CapitaLand Development also signed a memorandum of understanding to invest 1 billion USD with Bac Giang province to develop CLD’s first industrial park, logistics area and urban area in Vietnam.

Along with that, Industrial Development Joint Stock Company BW acquired DEEP C Industrial Park with a scale of about 74,000 m2 in Bac Tien Phong Industrial Park, Quang Ninh province”.

Mr. John Campbell said that besides the reopening plan, the active support of the Government of Vietnam for foreign investors as well as the absolute resilience and adaptability of domestic enterprises to the country. see a promising future. These factors are painting a bright picture of how Vietnam’s economy will not only recover, but can come back stronger than ever.

This expert assessed that Vietnam’s manufacturing sector in the first February of the year was still on the verge of recovery amid the Covid-19 pandemic, which indicates further growth and maintained confidence. According to HIS Markit, Vietnam’s manufacturing PMI in February 2022 increased to 54.3 compared to 53.7 in January 2022.

“February was not only the fifth consecutive month of growth in manufacturing activity, but also had the highest growth rate since April 2021. Specifically, both output and new orders increased the most. in 10 months, in which the number of export orders increased markedly.Although the labor force in the manufacturing industry has increased continuously for 3 months, the employment rate is still modest, especially in the context of many reports for workers have not been able to return to their hometowns due to the epidemic,” added Mr. John Campbell.

In February, Vietnam’s industrial production increased by 8.4% over the same period last year, a sharp increase compared with the increase of 2.8% in January. Output growth accelerated in the sector. The manufacturing sector also improved from 2.8% in January to 10% in February.

According to FDI data in the first two months of the year, Bac Ninh leads in attracting investment capital. Thai Nguyen ranked second with the attraction of 924 million USD of FDI, accounting for nearly 18.5% of the total FDI capital in the country during the period. Prominent among them is the capital addition of 920 million USD by Samsung Electro-Mechanics Vietnam Co., Ltd., a part of Samsung Group of Korea, helping to increase the total investment capital in Yen Binh Industrial Park in Pho Yen town. (Thai Nguyen) to 2.27 billion USD (nearly 52 trillion dong).

https://cafebiz.vn/nhung-doanh-nghiep-nuoc-ngoai-gop-vui-bua-tiec-bds-cong-nghiep-ty-usd-quy-dau-nam-2022-20220317135744121.chn


Phuong Nga

By Business and Marketing

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