IMG PHUOC DONG PARK & PORT: RIDING THE NEW WAVE

On October 28, 2020 in Mai House in Ho Chi Minh City, IMG joined the forum : “Vietnam Industrial Property Forum 2020: Riding the new wave”. The forum has around 250 guests, representatives of ministries, agencies, localities, and industrial zones from across the country, as well as experts, and foreign businesses and associations.

According to Deputy Minister of Planning and Investment Vo Thanh Thong said: "In fact, numerous giants from Asia and the US are setting eyes on Vietnam to find new opportunities and restructure their supply chains which have been disrupted by the COVID-19 pandemic and some geopolitical factors over the world”

In the forum, Deputy Director of Sales and Marketing, Mr. Pham Ngoc Tung said that : “Our strategy is focusing on developing different things, the biggest difference is creating a complete infrastructure system. Next, on legal issues, it is also very easy to work with a capital support bank. To do this requires great support from the local government, we may be fortunate to be favored by the People's Committee of Long An province, so the problems related to procedures are resolved very quickly. A huge resonance system also attracts the attention of investors ".

img phuoc dong park port riding the new wave Mr. Pham Ngoc Tung - Deputy General Director of Sales and Marketing shared at the forum

Industrial real estate prospects and opportunities for IMG Phuoc Dong Industrial Park & Port

Speaking at the forum, Mr. Le Trong Hieu - Director of Office Business Consulting Division and Industrial Real Estate Company of CBRE Vietnam - gave a rather general picture of the prospects of this field over the years. recently. Specifically, the occupancy rate of industrial zones (IZs) in the North is quite good (over 74%) while the rate of occupancy in the South is even higher. The ready-built factories and warehouses are also thriving in the past 2-3 years. In the North, total stock of ready-built warehouses and factories is over 3 million m2. In the South, the total stock is over 5 million square meters for both warehouse and workshop. Warehouse and factory rents have seen good growth in the past 2-3 years. The price of industrial park land for lease has increased from 20-30% (70-80 USD / lease term 50 years) now increased to 100 USD/ lease term. The rent of warehouses and workshops has been set a new price level from 3.5 USD / m2 / month ago, now increases over 4 USD / m2 / month.

Mr. Le Trong Hieu emphasized: Outstanding in recent years is the group of industrial zones in Long An, Tay Ninh developing strongly. In 2020, Long An has continuously started and put into operation many industrial zones, in which IMG Phuoc Dong Industrial Park & Port emerges as an economic bright spot in Long An.

Mr. Do Nhat Hoang, Director of Foreign Investment Department, Ministry of Planning and Investment fully agreed with Mr. Le Trong Hieu's comments and added: “Opportunities are coming, but we must identify the bottleneck and improve ourselves to respond ”.

img phuoc dong park port riding the new wave Factory system, roads and trees in IMG Phuoc Dong Industrial Park & Port

Riding the new wave, IMG Phuoc Dong Industrial Park & Port has built IPD with an area of 128.8 hectares, including 92.39 hectares of industrial land, 39 hectares of ready-built factories, 6 hectares of warehouses. Scale of ready-built factories for rent 280,000 m2 equipped with 32 MW rooftop solar power system, wharf cluster system to welcome general cargo ships with tonnage of 20,000 tons, complete synchronous and available technical infrastructure ready to support and fully meet the needs of professional investors, with high-end internal facilities and services, creating an "Green,-Clean-Sustainable" ecosystem for the Industrial park. IMG Phuoc Dong Industrial Park & Port is located in a convenient traffic location both in terms of road and waterway.

In the next time, the Government will continue to improve institutions, policies to attract but investment, with priority given to projects using modern, environmentally friendly technologies and associated with the trend of the 4th industrial revolution. Infrastructure continues to be upgraded, including industrial zones, economic zones with sufficient infrastructure, factories, enough to welcome the "big eagle”. In the future, a number of sectoral clusters may be piloted in order to form production networks and supply chains and to participate more deeply in the global value chain in some localities.