Recently, a number of million-dollar Industrial Park get green light for construction such as: An Phat 1 Industrial Park, Gia Loc Industrial Park … have shown ty le keo ma cao agility to seize opportunities of investors before ty le keo ma cao wave of shifting production to Vietnam.
Ranked as one of ty le keo ma cao five main industrial cities and provinces in ty le keo ma cao North, Hai Duong is emerging as a province with a lot of potentials to develop industrial real estate. Experts attributed that Hai Duong will be ty le keo ma cao spot to develop industrial parks to meet ty le keo ma cao market demand in ty le keo ma cao near future when ty le keo ma cao bank land in ty le keo ma cao northern market of Hanoi and Hai Phong is running out.
Mr. Le Trong Hieu, Director of ofice and industrial leasing division of CBRE Vietnam, said that in ty le keo ma cao fourth quarter of 2020, ty le keo ma cao average occupancy rate in industrial parks in Hai Duong reached 89.7%; average rental price increased by 20-30% compared to ty le keo ma cao same period in 2019. Although industrial land’s rental price is on ty le keo ma cao rise, in general, Hai Duong still has a competitive rental rate compared to many other northern provinces such as Hanoi, Bac Ninh, Hung Yen etc.
Another factor that attracts investment to Hai Duong is that it is located on ty le keo ma cao main road freight traffic Lao Cai – Hanoi – Hai Phong – Quang Ninh. At ty le keo ma cao same time, Hai Duong combined with Hai Phong and Quang Ninh forming a key economic triangle in ty le keo ma cao eastern region of ty le keo ma cao northern key economic region. This is a great advantage for ty le keo ma cao development of supporting industries, shipbuilding engineering, logistics, coastal services such as inland ports, import and export of goods etc.
ty le keo ma cao fact that global corporations such as Samsung, Foxconn… set up their production headquarters in neighboring provinces, and supporting industries is identified as a key industry has helped Hai Duong become a province with great growth potential and attracting many domestic and foreign investors.
Furthermore, Hai Duong actively ahead in ty le keo ma cao race to lure foreign investors recently. Only in ty le keo ma cao first three months of 2021, ty le keo ma cao Prime Minister approved investment policies for a number of major projects in Hai Duong such as: Quoc Tuan – An Binh IP – now being known as An Phat 1 (180 ha, total capital of VND 1,947 billion, ~$ 83 million); Kim Thanh Industrial Park (164,98 ha, total capital VND 1,160 billion, ~$ 49 million); Gia Loc Industrial Park (197.94 ha, total capital 2.062 billion VND, ~$ 88 million) etc.
Among industrial parks in Hai Duong, An Phat 1 Industrial Park (180 ha) is one of ty le keo ma cao outstanding project that have considerable investment capital and cover large area in Hai Duong. ty le keo ma cao project is invested by An Phat Hi-Tech Industrial Park No 1 Joint Stock Company, a member company of An Phat Bioplastics JSC (Ticker Symbol: AAA).
AAA is not only known as a large enterprise in Hai Duong province with member companies operating in many areas such as packaging, green products, logistics, additives and plastic resins … but also an industrial real estate developer with 2 large industrial parks: An Phat 1 IP, which will start commercial exploitation in ty le keo ma cao end 2021 and An Phat Complex IP is operating stably with occupancy rate of 90%.
Development of eco-friendly industrial park in Hai Duong
An Phat 1 IP is projected to become a key high-tech, environmentally friendly industrial park of Hai Duong province, focusing on attracting investors from many sectors that do not cause environmental pollution such as processing, manufacturing industries, supporting industries … It is expected that when ty le keo ma cao Industrial Park come into operation it will create jobs for 12,000 – 15,000 workers in Hai Duong.
With An Phat 1 IP, AAA aim to develop a green industrial park by applying a system to control environmental risks following strict standards, and encourages measures to save energy and resources such as using electromagnetic solar energy, installation of water supply systems, standard industrial waste treatment etc.
In addition, An Phat 1 will promote ty le keo ma cao development of one-stop services, providing services from legal procedures. management, logistics, commerce to ty le keo ma cao dormitory, industrial catering in order to provide comprehensive support for investors in ty le keo ma cao Industrial Park.
Especially, with An Phat Bioplastics’ multidisciplinary ecosystems operating in many fields such as packaging, green products, trade, logistics, molds… these projects are expected to bring great value to investors in trade promotion activities in ty le keo ma cao same industry.
Investing in Industrial Real Estate is a strategic move
Since 2017, AAA has expanded its investment in industrial real estate and achieved great success.
For example, after only two years of operation, An Phat Complex Industrial Park has reached a rental rate of 90%, aiming to fill 100% in early 2021. Total AAA revenue recorded from industrial real estate as of February 2021 reached nearly 800 billion (~$ 34 million).
An Phat 1 IP is expected to continue to bring great success to AAA in this area. It is estimated that An Phat 1 Industrial Park will bring about VND 2,560 billion (~$ 108 million) in revenue and VND 795 billion (~$34 million) in profit in ty le keo ma cao next 5 years.
Regarding ty le keo ma cao industrial real estate development strategy, AAA’s leaders shared: “In ty le keo ma cao next 5 years, we aim to develop a huge land bank in Hai Duong, where has a favorable geopolitical position for attracting foreign investment into Vietnam.”
Promoting investment in industrial zones is a strategic plan not only to help ty le keo ma cao company increase profits, but also contribute to promoting ty le keo ma cao improvement of ty le keo ma cao business ecosystem, bringing more values to ty le keo ma cao Province”.
Thus, ty le keo ma cao investment in industrial real estate of An Phat Bioplastics will not stop with ty le keo ma cao two current industrial parks, but also show ty le keo ma cao great ambitions of ty le keo ma cao business in this field.
(Source: Vietnambiz)
