The largest-ever U.S. business mission to Vietnam including 52 businesses visited Vietnam from March 21-23 to learn about the local market and seek investment opportunities. Most of the firms in the mission have business and production activities in Vietnam.

The demand for industrial real estate is said to remain high this year. (Photo for illustration)

Major groups around the world also have production expansion plans in Vietnam in the coming time.

According to CBRE Vietnam, the rent of industrial real estate and occupancy rates are very good across all regions of the country.

Vietnam’s industrial real estate sector has great potential for developing more projects related to data centers, cold storages, and logistics, according to John Campbell, Associate Director, Head of Industrial Services at Savills Vietnam.

He forecast that the demand for industrial land will remain high this year. A remarkable point is the increasing trend of investment in specialized products such as ready-built warehouses (RBW), ready-built factories (RBF), logistics facilities, and data centers.

Main opportunities in the logistics industry include last-mile logistics services and the implementation of a logistics 4.0 system, said Campbell.

Moreover, investors can take advantage of the lack of cold storages in Vietnam to develop new projects, and increase supply for the market, he said, adding that the construction of built-to-suit warehouses to meet special technical requirements is also an attraction for investors.

Source: VNA