According to the assessment of the Vietnam Real Estate Association, Hai Phong has great potential to develop industrial real estate. This is considered a "gold mine" [...]
Great potential
Market Director, JLL Vietnam Company Nguyen Hong Van said that Hai Phong still has a lot of potential to develop the real estate market, especially industrial park real estate. Compared to other provinces and cities in the Northern region, Hai Phong has many advantages in industrial real estate development. In particular, the area of vacant land to welcome investors in Hai Phong is large. According to JIL Vietnam's analysis, currently, the total area of industrial land for lease in the Northern market (including markets: Hanoi (excluding Hoa Lac Hi-Tech Park); Hai Phong; Bac Ninh; Hung Yen and Hai Duong is 9,371 hectares. Of which, the supply in the markets of Hung Yen and Hanoi is filled to 90% or more. Thus, only Bac Ninh and Hai Phong have enough left).Vacant land to welcome investors. Although recently, the occupancy rate in the city's industrial parks is increasing rapidly, but the city has also been implementing planning and construction of new industrial parks and clusters. Specifically, according to the Resolution of the 16th City Party Congress, from now until 2025, the city will continue to invest in building 5 new industrial parks with a total area of more than 6,400 hectares in 8 districts. In particular, Tien Lang district will build 3 industrial parks with the largest area, more than 1,450 hectares, Vinh Bao district will open 3 more industrial parks, with an area of 900 hectares. Among these 15 new industrial zones planned for investment, 11 zones are implementing steps in the investment sequence.
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According to other real estate experts, the Hai Phong real estate market in general, and Hai Phong industrial real estate in particular, have great potential, benefiting from many advantages. Hai Phong has a diverse transportation system network, and is the only locality in the North that converges all 5 types of transportation: road, railway, sea, inland waterway and air. With a favorable geographical location and invested infrastructure, Hai Phong is oriented to become a key gateway for import and export activities of the Northern region. Besides, other factors such as: the increasing provincial competitiveness index, the increasingly favorable investment environment, the constantly improving quality of human resources... are also plus points for real estate development.Hai Phong industry. Also because of the above factors, Vietnam Industrial Real Estate Information Portal (IIP Vietnam) assesses that Hai Phong real estate will definitely become a "gold mine" to attract investors.
Synchronize mechanisms, improve infrastructure quality
According to real estate experts, although Hai Phong has great potential, to create a strong attraction for investors, it is necessary to promote restructuring of existing industrial parks. In addition, it is necessary to develop new industrial parks associated with housing planning and public works to serve the lives of workers and laborers. At the same time, it is necessary to create connection and synchronization with projects in other related industries and professions, to avoid unfair competition between industrial parks, management agencies in the city need to build a strict legal corridor in this field.
According to a representative of Sao Do Investment Group Joint Stock Company, the investor of Nam Dinh Vu 1 Industrial Park, to attract investors to the industrial park, the most important thing is whether the infrastructure and infrastructure quality meet the expectations of investors or not. In fact, many industrial parks are currently in operation, but very few have clean land to hand over. Many areas are developing but currently there is no land handed over. There are areas with large areas planned, but only the first phase can be liberated, while the later phase has planning but no land. Therefore, it is necessary to have macro factors such as Government and city policies in attracting investment (administrative procedure reform, regional traffic connection...).
According to Mr. Pham Hong Diep, Chairman of the Board of Directors, General Director of Nam Cau Kien Industrial Park, it takes at least 2 years to invest in a real estate project. For example, a real estate project of over 10 hectares must go through the appraisal process from the district level, then go to the provincial and city levels (departments and branches for consultation) and then submit to the Prime Minister for approval. It took several months in each place. That is the time if purely administrative procedures "collusion" happen, otherwise we have to start over from the beginning. Therefore, businesses hope for the active participation of city government leaders at all levels to simplify related administrative procedures.
POST: NGUYEN HA – PHOTO: DUY THINH
Procedures
