Construction of a factory at Gia Thuan I industrial complex underway. (Photo: VNA) Hanoi (VNA) – Industrial property and ready-built factories remainthe top choice of investors due to high demand, said experts from SavillsVietnam.
They said in the thirdquarter, the Vietnamese economy still suffered negative impacts of the fourth pandemicwave. Data from the General Statistics Office showed that the country’s grossdomestic product (GDP) only moved up 1.42 percent annually in three quarters dueto prolonged social distancing nationwide, resulting in supply chaindisruptions and suspension of factories.
However, the Ministry of Planning and Investment reported that foreigndirect investment in three quarters still rose by 4.4 percent to nearly22.15 billion USD year-on-year. Merger and acquisition deals involving realestate development were also recorded.
The northern provincesof Bac Giang and Hung Yen approved industrial parks covering 800ha and 193ha,respectively. According to the Ministry of Natural Resources and Environment,the area of industrial land will increase by 115,000ha by 2030 compared to2020.
Several new publicinfrastructure projects are also underway.
Illustrative image (Photo: VNA) Managing Director ofSavills Vietnam Neil MacGregor said infrastructure investment is important toopen new markets, thus meeting demand for real estate investment among the growingmiddle-income class in Vietnam.
He added that aseconomic recovery could take years, it is good time to buy quality products, especiallyin major cities and resort destinations./.
