A number of foreign investors are eyeing locations close to Hanoi and along the Hai Duong – Hai Phong corridor, according to the latest survey by the real estate service provider, CB Richard Ellis (CBRE) Vietnam.

A CBRE representative said that an industrial zone (IZ) corridor along the Ha Noi – Hai Phong line has been established thanks to the development of the economic areas in both Hanoi and Hai Phong cities.

The corridor includes 10 industrial zones, hi-tech areas, heavy and light industry zones as well as several factories and industrial facilities located at large IZs such as Thang Long ( Hanoi ) and Dinh Vu (Hai Phong).

Businesses renting premises in these IZs benefited from a host of preferential investment policies from the government as well as high-quality infrastructure, a stable rental period and low costs.

Currently, almost all areas within the IZs in Hanoi and former Ha Tay (now Hanoi ) are being rented.

According to CBRE, investors in IZ construction should investigate expanding the areas of IZs in the provinces of Hung Yen and Bac Ninh to meet the rental demand at IZs located along the Ha Noi – Hai Phong corridor and surrounding areas..

Japan’s Sumimoto company is planning to commence operations in the Thang Long II industrial zone along the 5 and 39A National Roads in the province of Hung Yen.

Once operational, the IZ is expected to attract a host of foreign companies, particularly Japanese businesses.

Source: VNA