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A place there is a lack of supply, a place with a lack of supply
Date: 8/28/2023 8:08:16 AM
Vietnam’s industrial real estate market is witnessing interest from global manufacturers with great investment needs, but opportunities are not equally distributed to localities as well as industrial park investors. Karma.

 A place where customers "sorry"

Minh Hung - Sikico Industrial Park (Binh Phuoc) has an area of ​​more than 470 hectares, calling for investment since 2019 and up to now, the occupancy rate has reached over 50%. Huynh Thanh Chung, General Director of Minh Hung Industrial Park, this is the desired number of many industrial park owners.

Indeed, attracting investors to fill industrial parks is not an easy task. For example, Binh Thuan, despite having the advantage of a large land fund and developed transport infrastructure, even local authorities have participated in many investment promotion conferences to call for investors to invest in industrial clusters... but the occupancy rate is not very positive.

According to Mr. Phung Huu Cu, Head of the Management Board of Industrial Parks in Binh Thuan province, in the province, there are 9 industrial parks with a total area of ​​more than 3,003 ha, including 1 industrial zone specialized in processing titanium minerals and 8 multi-industrial park. In which, 6 industrial parks have been investing in building technical infrastructure with a total area of ​​1,093 ha, ensuring conditions for secondary enterprises to seek investment opportunities.... Occupancy rate the province’s industrial zones only reached 37%.

The occupancy rate of Binh Thuan’s industrial parks is still low, according to Mr. Cu, because the infrastructure is not synchronized. Most of the projects are small-scale, the application of new and high-tech technologies is still small, the investment rate is low, about 42 billion VND per hectare.

Previously, Binh Thuan had just lacked a deep-water port, an airport and especially a highway system - essential transport infrastructures for industrial production. Up to now, the "bottlenecks" of traffic have basically been removed, connecting Binh Thuan with the southern key economic area more convenient, but the situation of land rental in industrial parks is still slow to improve. due to limited infrastructure in the area.

Land fund is scarce

While Binh Thuan is trying to find investors in industrial parks, more than a hundred kilometers away, Dong Nai is worried about the lack of land fund for industrial park development in the near future. Specifically, Dong Nai province has been approved by the Government to plan 40 industrial parks, with an area of ​​​​nearly 19,000 hectares.

In which, 32 industrial parks have been established, covering an area of ​​more than 10,000 hectares, the occupancy rate is over 85%. Eight newly approved industrial parks with a total area of ​​more than 8,200 hectares encountered many problems and could not be deployed, making Dong Nai’s industrial land available for lease even more scarce.

After 3 years of waiting, but Dong Nai did not have a large area of ​​industrial land, Lego Group chose VSIP 3 Industrial Park (located in Binh Duong province) as the factory location, with a total investment of more than 1 billion USD.

The story related to the Lego Group is the clearest proof of this. Specifically, after 3 years of waiting, but Dong Nai did not have a large area of ​​industrial land, Lego Group chose VSIP 3 Industrial Park (located in Binh Duong province) as the factory location, with a total investment of more than 1 billion VND. billion USD.

Not only did it lose out on a super FDI project of more than 1 billion USD from Denmark, but Dong Nai province also missed many other FDI projects from Europe, Korea, and Japan with investment capital from several tens to hundreds of millions. USD. Not only with FDI capital, the attraction of domestic investment capital of Dong Nai province also decreased, which is not small due to the lack of land fund.

Mr. Cao Tien Dung, Chairman of Dong Nai Provincial People’s Committee also acknowledged this. According to Mr. Dung, recently, the province has found about 6,500 hectares for industrial development and has had investors wishing to cooperate but has not been approved by the Government. Since then, the head of Dong Nai province suggested that the Government consider approving Dong Nai for the locality to invest in infrastructure soon, in order to attract investors in the coming period.

Talking to the Securities Investment Newspaper, the leader of the Department of Planning and Investment of Dong Nai province said that the actual demand for land for industrial park development in the province by 2030 is more than 23,300 hectares. Meanwhile, according to the Prime Minister’s decision on the allocation of targets for the national land use planning period 2021 - 2030, vision to 2050, issued in March 2022, the land is reserved for industrial parks. by 2025 of this locality is more than 12,400 ha; by 2030 is more than 18,500 ha. Thus, compared with the land area allocated by the Government and the actual needs of the province by 2030, Dong Nai still needs at least 4,700 hectares of land.

Similarly, Binh Phuoc is also a locality with strengths for industrial development. The proof is that after a short time, 3 industrial parks including North Dong Phu, Nam Dong Phu, Minh Hung III of the province have been filled 100%, good investment efficiency. However, many industrial park "boss" and local leaders have a headache about the problem of land fund for industrial development.

More information on this issue, Mr. Nguyen Minh Chien, Head of Binh Phuoc Economic Zone Management Board, said that the province has approved 15 industrial parks by the Prime Minister, with an area of ​​6,065 hectares.

Currently, there are 12 industrial parks in operation, of which Becamex Binh Phuoc Industrial Park has the largest area and the best occupancy rate. In the coming time, Binh Phuoc strives to develop 25 industrial parks, this is the target included in the provincial planning.

However, the land fund for industry is a problem. In 2021, the Prime Minister agreed to the policy of industrial land of Binh Phuoc to be more than 6,800 ha, but 1 year later, the Government adjusted industrial land of Binh Phuoc to just over 4,200 ha by 2025.

From the perspective of enterprises directly developing industrial parks, Mr. Huynh Thanh Chung said that if Binh Phuoc wants to develop, it needs to urgently supplement the land fund for industry. There are two reasons to increase the industrial land fund for Binh Phuoc: Firstly, the current trend is that factories located in residential areas are moving into industrial zones, and some localities have done this. Second, there must be a prior vision of the land fund for industrial development.

“For example, a large investor in, they need 30 - 50 hectares, while available industrial parks have a seamless land fund to meet most of them, leading to the need to adjust the planning to remove the land. reduce roads and traffic, or else have to accept the loss of investors", Mr. Chung analyzed and emphasized, the target of industrial land must be 3-5 years ahead of reality.

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