Business leaders outline investment plans for 2025

Joseph Low, president of real estate (Vietnam), Keppel Ltd

Joseph Low, president of real estate (Vietnam), Keppel Ltd

With Vietnam's strong focus on sustainable development, we believe that Keppel’s solutions can unlock new opportunities for growth in the country. As a leading global asset manager and operator, Keppel is well placed to bring in global financial investors who can contribute capital to fund the development of smarter and greener solutions and assets. We will leverage our strong track record in the development and operation of such assets to provide critical infrastructure and services to Vietnam.

In the real estate space, we continue to see many opportunities in Vietnam, where we have successfully established a quality portfolio of residential, office, and retail properties. We are looking forward to advancing Saigon Centre Phase 3 in Ho Chi Minh City and launching Hanoi Centre, our retail development slated to open in 2025.

Keppel has also secured several energy-as-a-service (EaaS) contracts in Vietnam to design and retrofit existing cooling systems in clients’ developments, improving energy efficiency and asset performance. Additionally, we are exploring the implementation of other types of EaaS with various Vietnamese partners.

As a leading data centre player with a premier portfolio of 35 data centres across key data hubs in Asia-Pacific and Europe, Keppel is well-positioned to offer integrated data centre solutions to support Vietnam’s fast-growing digital economy.

Edwin Chee, COO, SLP Vietnam

Edwin Chee, COO, SLP Vietnam

For SLP, 2025 promises to be a year of growth and opportunity. Our focus remains on advancing business development and expanding our footprint in the industrial facilities sector. A key milestone is the launch of a new initiative in Bac Ninh province in Q4 2024, offering state-of-the-art factory and warehouse solutions.

While the first half of 2024 presented challenges due to weaker business sentiment and an overall subdued market outlook, we saw positive momentum in the second half.

Looking ahead to 2025, we are optimistic about a brighter business landscape and anticipate growing demand in the industrial sector. In line with this, we plan to initiate additional projects that underscore our commitment to supporting customer growth, driving industry advancement, and enhancing our market presence.

The industrial real estate market shows encouraging signs of recovery, marked by rising activity and increased investment. These developments provide a solid foundation for expanding our project portfolio in 2025, creating value for our stakeholders and contributing to long-term growth.

Ben Ding Khoon Yew, general director, Soilbuild International (Vietnam)

Ben Ding Khoon Yew, general director, Soilbuild International (Vietnam)

Soilbuild International is looking ahead to 2025 with great enthusiasm and clear goals. Following the successful launch of Spectrum Nghe An, we aim to fill up our Phase 1 of this project by the end of the year, providing businesses with a robust space to thrive.

Our strategic vision also includes launching more new projects in Vietnam, namely Spectrum Hung Yen and Spectrum Bac Ninh. The additional locations will offer a wider spectrum of investment choices for our customers, catering to their diverse needs and helping them capitalise on the burgeoning industrial markets in Vietnam.

With the uncertainty of Trump’s policies on trade and bilateral relations, we hope his new policies will foster a favourable business environment, enhance trade relations, and create more investment opportunities. This will have a direct impact on the Vietnamese economy, particularly in the industrial sector, further solidifying Vietnam’s position as a global manufacturing hub.

Overall, we maintain a positive outlook on Vietnam's prospects. With its strategic location, dynamic workforce, and supportive government policies, Vietnam remains a key focus for our expansion plans. Soilbuild International is committed to leveraging our expertise and resources to drive sustainable development and contribute to the nation's industrial advancement. We look forward to continuing and expanding our collaboration with partners and clients to achieve these goals.

Taking this opportunity, Soilbuild International would like to wish VIR and every business a happy and prosperous 2025.