Giant East Asian manufacturers dominate Vietnam’s industrial parks
Giant East Asian manufacturers were major clients of industrial parks across Vietnam in the first half of 2016, according to a report on industrial real estate released on October 4 by Savills Vietnam. The most outstanding projects came from hi-tech product manufacturers of the Republic of Korea, such as LG which poured 1.5 billion USD into an OLED display factory in Hai Phong city. The RoK’s investments in industrial parks totalled 4 billion USD in the first half, accounting for 35 percent of the registered FDI there. Japan and Singapore ranked second and third when they invested 1.2 billion USD and 1.1 billion USD into projects in industrial parks, representing 11 percent and 10 percent of the capital inflow there respectively. Savills Vietnam said 28,500ha of land in industrial parks were leased in the first six months, up 5 percent from the latter half of 2015, mostly thanks to an FDI inflow. That raised the rate of leased land in industrial parks to 70 percent.
