The southern province of Binh Duong attracted about 1.7 billion USD of foreign direct investment (FDI) in the first 10 months of this year, exceeding the goal set for the whole year by 19 percent.
Dong Nai People’s Committee has recently granted investment certificates for three foreign-invested supporting industry projects with a combined investment capital sum of $190 million.
The Ministry of Transport has proposed the Ministry of Planning and Investment to appraise the pre-feasibility report of the first phase of Bien Hoa-Vung Tau Expressway, which has a total investment capital of VND18.8 trillion ($817.4 million).
The wave of transiting factories out of China by multinational companies, assistance from primary preferential trade agreements, and international acknowledgement of effective control of the COVID-19 pandemic from the Vietnamese government have greatly increased the chances of welcoming more investments in the country’s industrial real estate arena.
Generation Pass (Genepa), one of the largest woodwork makers in Japan, has a production facility in China’s Qingdao city, and is considering shifting 80 per cent of its production to Vietnam due to the negative implications of the current US-China trade dispute.
Vietnam’s industrial real estate is undergoing a turnaround to cash in on the rising wave of foreign capital influx and factories moving out of China.
