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  • News
  • 28 July 2021

Vietnam: Logistics is the destination of industrial real estate investor

The inflow of foreign capital registered to invest in the real estate sector in the first half of 2021 skyrocketed by more than 35% over the same period last year, despite the economic impact of Covid-19.

Foreign investment in the real estate sector in the first six months of 2021 will become a bright spot in the picture of attracting foreign investment of the whole country. Real estate still maintained the 3rd position in attracting foreign capital, with a total registered capital of 1.15 billion USD in the first half of the year, up 35.43% over the same period last year.

In Vietnam, foreign investors in the manufacturing sector are currently holding assets on the balance sheet, and therefore, they believe this will create opportunities for real estate investors when the market to maturity. Meanwhile, the logistics sector also set a growth target due to increased exports, increased domestic consumption, and a lack of synchronous infrastructure.

In terms of segment, logistics becomes the gravity, attracting much foreign capital flowing into the real estate market when investors realize the potential and need to develop logistics infrastructure in the country. The number of logistics projects is dense in the list of real estate projects registered by foreign investors, accounting for nearly half of the 33 real estate projects licensed for foreign investors in the last six months. Logistics real estate projects have a total value of almost 538 million USD, equal to 46.78% of the total registered foreign investment capital in the first half of 2021.

In addition, the explosion of e-commerce means that the transport of ‘final’ goods has excellent potential, and demand will increase accordingly to meet the number of full warehouses at the boundaries of commercial centers (CBD) and close to the main roads of the city. With the shift of production facilities from the Chinese market to Vietnam and the rapid increase of domestic consumption, the industrial park real estate market and logistics services have come to a ripe time for this market’s outstanding growth.

Notable is the movement of industrial real estate developer SEA Logistics Partners (SLP) from Singapore. This enterprise and its partners promote investment of about 1 billion USD to develop logistics real estate projects across target markets in Vietnam in the next 3-4 years. The joint venture between SLP and GLP – China’s largest warehouse operation and investment management unit, has so far acquired five industrial land projects with a total area of nearly 700,000 m2 and is strategically located in Hanoi and Ho Chi Minh City.