On August 24, the 3rd Vietnam Industrial Real Estate Forum (VIPF) in 2023 with the theme “Capturing opportunities from new capital flows” was organized by Investment Newspaper, under the auspices of the Investment Review. of the Ministry of Planning and Investment.
Information at the forum shows that there are many positive signals about the wave of “eagle” and “royal bee” investors in countries around the world continuing to move to Vietnam to invest.
According to statistics of the Foreign Investment Department, Ministry of Planning and Investment, by the end of July 2023, foreign direct investment (FDI) into Vietnam reached 13.43 billion USD. In which, the real estate sector attracted 1.53 billion USD, holding the 3rd position among industries and fields.
Vietnam’s IPs have the potential to attract investors, but there are still many challenges
The increase in FDI capital makes industrial real estate demand rise. The report of the second quarter of 2023 of the Ministry of Construction said that the demand for renting industrial parks in the quarter remained stable.
In July, Hyosung Group (Korea) plans to invest in a carbon fiber factory of nearly 1 billion USD (about 160 million USD in the first phase) in Phu My 2 Industrial Park (Ba Ria – Vung Tau province) operated by the Corporation. IDICO as an investor. From the beginning of the year until now, Song Khoai Industrial Park (Quang Ninh) alone has attracted 3 projects with a total capital of 450 million USD. From now until the end of the year, it is possible to attract 4-6 new projects, with a minimum capital of about 500 million USD.
Mr. Do Van Su, Deputy Director of the Foreign Investment Department, Ministry of Planning and Investment, said that roughly calling big investors “eagles” but he likes to call “queen bees” because wherever the queen goes, worker bees will follow.
This form has been shaped by the Government for 10 years and has focused on policies and platforms to prepare for the arrival of the “queen bees” to nest and has had initial successes.
“We have also seen that “queen” investors also have very different requirements and requirements. Vietnam has signed commitments with the Organization for Economic Cooperation and Development (OECD), so how must harmonize the interests of investors and businesses.When big investors come, they will definitely require infrastructure as well as land fund for accompanying ancillary businesses.
Usually, wherever they are, there are 120 ancillary services around to serve them. Large corporations have high environmental requirements, they need to supply clean and sustainable energy for products to meet green standards and be certified to export to the most demanding markets. Therefore, they also require Vietnam to have industrial zones that meet these requirements,” said Mr. Su.
Sharing about the bottlenecks and important factors that need to be removed to attract foreign investors, Mr. Bruno Jaspaert, General Director of DEEP C Industrial Park Complex, said that investors need the Government’s commitment to properly complete the project. progress of highway projects, traffic infrastructure works. Even businessmen or Vietnamese people expect highways, Long Thanh airport … “to be on time”.
In addition, they also expect the energy source to be continuous and stable. They don’t want to give 3 days notice and then cut off the power 24 hours continuously. In particular, they need good and high-quality labor force, so Vietnam needs to strengthen training for this force so that they can invest with peace of mind.
Theo Workers
