The Covid-19 pandemic has been complicating and causing many factories in industrial parks to suspend operations. It has made a certain effect on the overall growth momentum. However, we should have a long-term vision and believe in the potential and growth momentum of the market on industrial and logistics real estate.

Huu Thanh IDICO Industrial Park, Duc Hoa, Long An with 524ha has been ready for lease. Image: IDICO.
 

Vietnam is still one of the strongest manufacturing and logistics markets in the world, which remains unchanged and continuously improved via stable politics, open business environment, suitable geographical location, Abundant and dynamic workforce. And free trade agreements can be a long-term solution for Vietnam to support the transfer of knowledge and technology, thereby promoting the transition from producing low value industries and local to high-value industries.

Phu My 2 IDICO Industrial Park in Phu My town, Ba Ria - Vung Tau province with 1.020ha has been ready for lease. Image: IDICO.

Even in the short to medium term, there will still be large operations of industrial investments in Vietnam. In the southern region, Long An is now emerging as an attractive destination for investors. Due to the high occupancy rate in industrial parks in the two provinces of Binh Duong and Dong Nai, many investors have chosen Long An to establish distribution centers and logistics projects to serve the e-commerce industry, which is booming strongly in Vietnam, especially during the Covid pandemic season. In Duc Hoa district, Long An province, IDICO Corporation has Huu Thanh Industrial Park with an area of 524ha which has been ready for lease. Over the past time, IDICO has approached many investors operating in the logistics field who want to invest in this industrial park..

As one of the prestigious industrial park developers in Vietnam with over 20 years of experience in the field of industrial parks development, IDICO has witnessed many investment waves from time to time and IDICO always have preparation for new investment waves, because this is the decisive factor of the success or failure of industrial park infrastructure enterprises.

Currently, IDICO is having 650-700ha of available clean land fund for lease in industrial parks such as Phu My 2 Industrial Park, Phu My 2 expansion Industrial Park in Ba Ria - Vung Tau province; Huu Thanh Industrial Park in Long An province; Cau Nghin Industrial Park in Thai Binh province; Que Vo 2 Industrial Park in Bac Ninh province. And it is expected that in June 2022, IDICO will add and put into operation ready-built-factories and warehouses for rent in Huu Thanh Industrial Park.

The field of industrial park development is a traditional and core field of IDICO and IDICO always considers the search, research, and development of new projects as a key task. Accordingly, by 2025, IDICO will have about 1,000ha of industrial park land in provinces and cities on the country and 500,000m² of ready-built-factories and warehouses for rent in its industrial parks to catch up, serving the diverse needs of investors.