Vietnam's industrial real estate market is on the new growth track, with the big deals carried out at the key locations. According to statistics, up to now, there are about 600 IPs in 61 provinces and cities across Vietnam, mainly concentrated in key economic zones. Vietnam's industrial park system is the ideal destination of thousands of enterprises from 122 countries and regions around the world.

Vietnam remains an attractive investment destination

German Framas Group has just rented a 20,000 m2 ready-built factory at KTG Industrial Nhon Trach 2 Project (Dong Nai province). Said Mr. Fabian Urban, Framas Vietnam’s Director of footwear technology, Vietnam is chosen to open the factory thanks to its superior facilities compared to other locations.

Meanwhile, Danish jewelry branded Pandora signed a Memorandum of Understanding on May 12 to build a new jewelry crafting facility at Vietnam – Singapore Industrial Park III (VSIP) in Binh Duong province, about 40 km from Ho Chi Minh City.

Said Jeerasage Puranasamriddhi, Supply Manager at Pandora Production Co., Ltd., the new factory will be the company’s third production site and the first site outside Thailand.

Reported Cushman & Wakefield Vietnam, as the boom of e-commerce in the recent years, many domestic and foreign investors keep looking for quality logistics real estate to meet the growing demand.

The logistics market will grow dramatically in the next 5-10 years. The strong growth of the middle class with high disposable income and the strong spread of e-commerce will be the driving forces for the logistics market growth.