On the morning of August 24, VIR is holding the Vietnam Industrial Property Forum 2023 in Ho Chi Minh City, attracting the participation of experts, investors, and policymakers.
Themed “Grasping opportunities from new capital inflows”, the conference was organised amidst the challenges in the real estate market. Experts and investors have gathered to discuss how to overcome the headwinds and take advantage of opportunities from a new flow of investments in the industrial property market.
Le Trong Minh, editor-in-chief of VIR said, “There is ever-stronger competition among developing countries to attract foreign direct investment (FDI) capital, with foreign investment inflows forecast to decline in 2023. However, Vietnam remains a bright spot on the global map in terms of FDI attraction.”
He added that Vietnam continues to maintain macroeconomic stability, control inflation, and achieve positive growth results, despite the turbulent environment. In 2022, Vietnam’s GDP growth reached 8.02 per cent. Meanwhile, import and export turnover reached over $732 billion, up 9.5 per cent on-year.
In addition, the nation has elevated its position on the global market thanks to a wide range of free trade agreements, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the EU-Vietnam Free Trade Agreement, and the Regional Comprehensive Economic Partnership. Vietnam is ranked among the top 20 economies when looking at international trade.
“In an effort to facilitate foreign investment, Vietnam is building policies to spark the development of its industrial parks (IPs). As of present, it boasts 400 IPs with a total area of more than 128,000 hectares of natural land and over 86,000ha of industrial land. The IPs have completed infrastructure and factories that are in line with international standards,” he added.
Meanwhile, Tran Quoc Phuong, Deputy Minister of Planning and investment said, “Many foreign investors consider Vietnam as a priority option in their bid to diversify their supply chains, keep up with the recovery, and benefit from the loosening of monetary policies. The country has seen clear signs of recovery in relation to FDI attraction, leading to a new wave of overseas investment and rising demand for industrial property.
He added that the Vietnam Industrial Property Forum 2023 saw the participation of regulatory agencies that focus on foreign investment, economic zones, and IPs, as well as both domestic and global industrial real estate developers.
Through the two panel discussions, the goal is to better identify FDI trends and the tastes of investors, allowing for better preparation and the realisation of the opportunities that industrial property presents.