According to data from the Foreign Investment Agency, Ministry of Planning and Investment of Vietnam, in the first two months of 2022, Vietnam will attract nearly 5 billion USD in foreign direct investment. Although this figure is equivalent to 91.5% over the same period last year, it still gives a positive signal during the epidemic. Capital for foreign-invested projects in two months still reached US$2.68 billion, up 7.2% over the same period in 2021 and up 0.4 percentage points compared to January/January. 2022.

The processing and manufacturing industry ranks first in attracting foreign direct investment, with a total investment capital exceeding 3.13 billion USD, accounting for 62.7% of the total registered investment capital. Real estate continues to hold the second position with nearly $1.52 billion

According to Mr. Matthew Powell, Director of Savills Hanoi, Vietnam is in a good position compared to neighboring countries in the region. Real estate prices are still relatively affordable compared to other countries such as Malaysia, Thailand, China or India. Despite the upward trend in real estate prices, there will still be many new projects being implemented in the future, which will be a factor affecting land prices.

Matthew Powell believes that more job opportunities and development, good labor prices, and an increasingly complete legal framework towards openness and transparency are all factors that make companies feel secure to invest and operate. in Viet Nam.

The fact that big-name companies choose Vietnam as a strategic destination is of great significance in promoting the growth of foreign direct investment funds, and at the same time contributing to enhancing Vietnam's reputation in the international arena. economic. For example, LEGO currently has only 5 manufacturing plants in the world. Therefore, their choice of Vietnam as the destination for the new factory is a testament to Vietnam's great success in attracting foreign direct investment. In addition to large corporations, Vietnam has also attracted foreign direct investment funds from companies operating in the manufacturing and logistics sectors. The number of industrial investment projects in Vietnam is increasing, with the priority goal of developing data centers.

According to Matthew Powell, industrial real estate is attractive for a number of reasons. Specifically, the price of land for industrial zones in Vietnam is relatively reasonable, with many reputable real estate developers and appropriate legal policies. In addition, factors such as residence, labor force, labor cost, convenient transportation network, accessibility of international ports and airports to serve import and export activities of finished products and products. Products are also factors that attract businesses to invest in Vietnam.

Matthew Powell believes that more job opportunities and development, good labor prices, and an increasingly complete legal framework towards openness and transparency are all factors that make companies feel secure to invest and operate. in Viet Nam.

According to Mr. Matthew Powell, currently, companies are making efforts to expand and diversify the market so as not to depend on China, in which Vietnam has a stable political situation and open investment opportunities to meet the needs of customers. needs of companies.

Savills experts believe that the industrial real estate market has also witnessed many data center and logistics projects with high-quality investment, contributing to enhancing Vietnam's reputation in the international arena. economic. On March 15, Vietnam will reopen international routes, which will make it easier for foreign-invested companies to invest in Vietnam's industrial park projects, creating a great impetus for the development of Vietnam's industrial zones. growth of industrial real estate in 2022. (End)

Source: Vietnamplus