Numerous industrial park has cropped up throughout Hai Duong in recent years as investor whispered about a province that has ty le keo chau a strategic geographical location, open-door policy to attract foreign investment, well- developed infrastructure… Hai Duong is said to be ahead in ty le keo chau a race for Vietnam industrial real estate.
ty le keo chau a Advantage when setting up businesses in Hai Duong
After tremendous success in combating Covid-19, foreign investors have considered Vietnam as asafe investment destination.
An Phat Complex
Joining ty le keo chau a Vietnam Industrial Real Estate Forum in 2020 with ty le keo chau a theme “Golden opportunity in ty le keo chau a new stage” recently held in June, Ms. Tran Thi Hong Minh, Director of ty le keo chau a Central Institute for Economic Management said that ty le keo chau a world economic context after ty le keo chau a Covid-19 pandemic was very uncertain. Therefore, foreign investors will be more cautious about ty le keo chau a location options before investing and clearly expressing their desire to diversify investment locations.
According to JLL’s report, ty le keo chau a average rental land price of industrial zone in ty le keo chau a North reached USD 99/sqm/leasing cycle, up 6.5% over ty le keo chau a same period last year. Meanwhile, ready-built factories have a stable monthly rent, ranging from 4 to 5 US dollars /sqm. In ty le keo chau a South, ty le keo chau a number of land lease requests increased, ty le keo chau a average land price reached USD 101/sqm/leasing cycle, up 12.2% over ty le keo chau a same period.
Also, at ty le keo chau a event, Mr. Pham Minh Phuong, Hai Duong province’s leader, said that Vietnam’s industrial property sector is in ty le keo chau a period of “nest clearing for eagles”. Therefore, this is an opportunity for Vietnam to prepare well to be a bright destination in attracting investment flows.
During this time, many cities and provinces near Hanoi and Ho Chi Minh city have been well-prepared before FDI enterprises planning to shift production to Vietnam.
In ty le keo chau a North, Hanoi, Hai Phong and Quang Ninh are popularly known as ty le keo chau a best place in ty le keo chau a field of attracting foreign investment. However, in ty le keo chau a past few years, Hai Duong has been establishing itself as one of ty le keo chau a top industrial hubs in ty le keo chau a North.
Close to Hai Phong international seaport and Cat Bi airport (Hai Phong), Noi Bai Airport (Hanoi), Hai Duong combines with Hai Phong and Quang Ninh making a key economic triangle in ty le keo chau a east of ty le keo chau a key economic region in ty le keo chau a North. This is a great advantage for ty le keo chau a development of supporting industries, shipbuilding mechanics, export industry, transportation service, coastal services such as inland ports, goods import and export logistics, etc.
Moreover, currently, there are many large multi international companies operating in neighboring provinces such as Samsung, LG, Foxconn, etc. which are considered as potential markets for supporting industries, especially ty le keo chau a Hai Duong’s plastic industry in ty le keo chau a upcoming period.
Regarding ty le keo chau a labor source, Hai Duong has more than one million people at working age over ty le keo chau a total population of nearly 1.8 million people, accounting for nearly 60% of ty le keo chau a province’s population.
Moreover, currently some key industries in Hai Duong such as ty le keo chau a assembling industry, automobiles, electronics … are being invested and developed strongly, so this will be a huge and diversified downstream market for ty le keo chau a supporting industries.
Until now, Hai Duong has 12 industrial parks that have been approved for construction with a total planning area of over 2,400 hectares. In which, 10 industrial parks have been established and put into operation such as An Phat Complex while others are being urgently implemented, such as Quoc Tuan- An Binh industrial park.
Investing two industrial parks within 2 years
Appearing on ty le keo chau a economic “map” of Hai Duong, An Phat Complex industrial park of An Phat Holdings is emerging as one of ty le keo chau a best destinations for investors. Although An Phat Complex is a relatively new name in industrial park real estate investment since officially going into operation in late 2018, after more than one year, this industrial park has reached ty le keo chau a Top 10 most beneficial industrial real estate businesses in 2019.
FDI enterprise at An Phat Complex
An Phat Complex is currently ty le keo chau a production center of An Phat Holdings and has been chosen by many international investors who demand to shift manufacturing to Vietnam. Curently, An Phat Complex’s occupancy rate is 65% while ty le keo chau a company target to rise occupancy rate to 100% by ty le keo chau a end of 2020.
Mr. Pham Van Tuan, General Director of An Phat Complex, revealed that ty le keo chau a operation of ty le keo chau a industrial zone will develop in a positive direction because of ty le keo chau a emerging trend of environmentally friendly high-tech industrial park in ty le keo chau a world. Besides, An Phat Complex is operating one-stop service to support businesses comprehensively.
Mr. Tuan also stated that: “ty le keo chau a biggest difference and also ty le keo chau a advantage of An Phat Complex is that it not only focuses on leasing industrial land, but also focuses on accompanying services such as providing financial solutions, human resources, administrative procedures, customs and even logistics services ”.
At ty le keo chau a end of 2019, An Phat Holdings announced ty le keo chau a new Quoc Tuan – An Binh industrial park in Hai Duong which locates in Nam Sach district, adjacent to ty le keo chau a west of Highway 37 in section Km 69.
This is considered as a wise investment of An Phat Holdings by experts, to seize business opportunities in ty le keo chau a trend of moving production from neighboring countries to Vietnam. Especially when coronavirus outbreak still raging, Vietnam is one of ty le keo chau a safest investment destinations to maintain ty le keo chau a manufacturing operation.
ty le keo chau a main target of Quoc Tuan – An Binh is to develop industrial real estate and land lease, different from An Phat Complex, which focusing on construction services and factory leasing. ty le keo chau a first phase of Quoc Tuan – An Binh industrial park is expected to be 180 hectares and will be put into operation from ty le keo chau a first quarter of 2021, ty le keo chau a second phase is expected to cover 360 hectares.
