This has a huge impact that makes Ba Ria – Vung Tau real estate market attractive to investors,especially in the type of industrial real estate.
Industrial potential for the "take-off" market
Ba Ria - Vung Tau is one of the localities that consistently achieves high rankings in the country in terms of attracting foreign investment (FDI). Despite the impact of covid-19, in the first 8 months of 2021, Ba Ria - Vung Tau had 39 new investment projects, exceeding the plan. This includes 11 FDI projects and 28 domestic projects. The total capital attracted was more than 945 million USD, an increase of 52% over the same period in 2020.
As of the beginning of 2021, in Ba Ria - Vung Tau province, there are 16 industrial parks (an area of more than 9,000 hectares) and 21 industrial zone clusters (an area of more than 1,500 hectares). The province's industrial parks have 498 valid investment projects, including 256 FDI projects and 242 domestic projects. The total registered investment capital is more than 20,095 million USD dollar. Ba Ria – Vung Tau's industrial parks are mainly concentrated in Xuyen Moc, Chau Duc, Phu My, Red Earth, Tan Thanh,... with a occupancy rate of more than 54%.
Recently, Ba Ria - Vung Tau province has also proposed to approve the investment of an industrial park of more than 450 hectares in Phu My town with a total capital of about 3,200 billion VND.
In addition, Ba Ria - Vung Tau province identified the spearhead of economic development including industry, seaports, tourism and high-tech agriculture. In the 2021-2025 period, the province will promote investment attraction in these areas, increase competitiveness and promote the total strengths of infrastructure systems, industrial parks and seaports. Especially in particular, it is possible to make the most of the operating capacity of Cai Mep – Thi Vai port, the top 20 largest seaports in the world.
Industrial real estate in Ba Ria - Vung Tau ascended to the throne
With the ownership of a system of industrial parks and clusters of industrial parks with a large area and located in the main development orientation of the locality, Ba Ria – Vung Tau's industrial real estate market is reaching out the opportunity to grow. Along with that, the investment in facilities and transport infrastructure from a series of key projects will be an important lever for industrial real estate to take off.
Ba Ria – Vung Tau industrial real estate attracts investors
Some experts said that this is a golden time to invest in industrial real estate in Ba Ria - Vung Tau because the development potential is still large and the infrastructure is being implemented synchronously. As noted, industrial real estate in this locality has had positive growth when a series of large enterprises landed investment. Typical examples are: VinGroup, FLC Group, NovaLand, Sun Group, BRG Group,...
Key infrastructure projects such as Bien Hoa – Vung Tau expressway, Ben Luc – Long Thanh, Long Thanh International Airport, National Highway 51 expansion, National Highway 56, Trans-Asia Avenue, Cai Mep Thi Vai seaport... It has also had a positive impact on the market.
Cai Mep – Thi Vai Port
Positive signals about industry and transport infrastructure are favorable factors to support the industrial real estate market in Ba Ria – Vung Tau to develop strongly. In particular, the segment of industrial real estate and adjacent to the industrial park will have great advantages, catching up with the trend of real estate ownership at the present time.
Source: nhaxuongvietnam.vn