Rental prices of industrial land set new record

May 20, 2022 | 10:43

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Thanks to an improved manufacturing industry and border reopening, the flock of foreign investors has led rental prices of industrial land to set a new record.

Rental prices of industrial land set new record

Rental prices of industrial land are at an all-time high

The statistics from JLL Vietnam show that in the first quarter, the rental price in industrial zones (IZs) in the south reached a new record average of $120 per square metre, up 9 per cent on-year.

In Ho Chi Minh City, the rental price at Tan Thuan Export Processing Zone is $270 per square metre and at both Hiep Phuoc 1 and Hiep Phuoc 2 IZs, it stands at $250 per sq.m.

In the north, the price is $109 per sq.m, signifying an increase of 9.2 per cent on-year.

The statistics published by the Foreign Investment Agency under the Ministry of Investment and Planning showed that in the first four months of this year, $5.3 billion was added to 323 foreign-invested projects currently underway, a rise of 92.5 per cent in value and 22.8 per cent more in number.

The capital contribution in mergers and acquisitions (M&A) saw a positive change when overseas investors also poured $1.8 billion into over 1,000 deals, signifying an increase of 74.5 per cent on-year.

Since March 15, citizens from 13 countries including Germany, South Korea, Japan, and France have been allowed to travel to Vietnam for 15 days without a visa.

Experts from Savill Vietnam stated that Vietnam’s border reopening is important in strengthening the confidence of international businesses and investors, and is a promising sign for the economy.

By Ha Vy

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