Many companies are moving their factories from other countries to Viet Nam, showing the potential for strong development of industrial real estate. — Photo courtesy of Savills Many companies are moving their factories from other countries to Viet Nam, showing the potential for strong development of industrial real estate. Savills Vietnam made the statement at a conference on September 4 in HCM City to release its white paper on Viet Nam’s industrial real estate in the first half of this year. They included many factories from China operating mainly in the fields of electronics, textiles, footwear and spare parts production, such as Hanwha, Yokowo, Shuafu, Goertek, Foxcom, Lenovo, Nintendo, Sharp, Kyocera and Oasis, according to the report. “Although occupancy in key provinces grew year on year, available land coupled with an array of upcoming projects has seen foreign companies significantly increasing investment in Viet Nam,” John Campbell, Senior Consultant, Savills Vietnam Industrial Services said. “Manufacturers are showing interest in the Central Regions while developers are actively converting agricultural land to industrial usage, guaranteeing additional supply.” The industrial sector is growing strongly with a tenfold increase in foreign direct investment (FDI) over the last decade. Good land supply is facilitating incoming… Read full this story
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