The factory construction demand in Hanoi after the impact of Covid-19 - Delco Construction

The factory construction demand in Hanoi after the impact of Covid-19

By the end of the second quarter of 2021, the industrial real estate market in Vietnam in general still maintained positive movements in rental prices and occupancy rates. According to a report by the Ministry of Planning and Investment, the  average occupancy rate in the northern industrial zones is about 80%, especially in Hanoi it is up to 90%.

Industrial real estate market

Industrial real estate market

By the end of the second quarter of 2021, the industrial real estate market in Vietnam in general still maintained positive movements in rental prices and occupancy rates. According to a report by the Ministry of Planning and Investment, the  average occupancy rate in the northern industrial zones is about 80%, especially in Hanoi it is up to 90%.

The average rental price of industrial land for factory construction in Hanoi is at 140 USD/m2/period

The average rental price of industrial land for factory construction in Hanoi is at 140 USD/m2/period, and is expected to continue to increase. Thanks to the stable political situation, the timely measures of the Management Board of Industrial Parks and Export Processing Zones in Hanoi, supporting businesses to both ensure production and safety against epidemics, Hanoi continues attracting investment to factory construction, despite the difficulties of the COVID-19 epidemic.

The plan to attract investors and factory constructions in Hanoi

Developing the infrastructure of the industrial park

Industrial parks in Hanoi are invested to build quite complete and modern infrastructure, from the system of roads, drainage systems, power supply, communication… Centralized industrial zones in Hanoi attract many projects of large scale and use advanced technology, belonging to big companies in the world such as Canon, Panasonics, Yamaha, Channel Well Technology, …

Channel Well Technology Vietnam factory specializes in manufacturing and assembling power supply products for electronic equipment, by DELCO as the Design - Build general contractor in Quang Minh Industrial Park, Hanoi.

Channel Well Technology Vietnam factory specializes in manufacturing and assembling power supply products for electronic equipment, by DELCO as the Design – Build general contractor in Quang Minh Industrial Park, Hanoi.

Improving business investment environment

Hanoi pays special attention to improving and enhancing the Provincial Competitiveness Index (PCI), through administrative reforms in the direction of “one-stop shop, on-site”, improving the investment environment, focusing on attracting FDI in the fields of high technology, clean technology, high gray matter content… In 2019, Hanoi’s PCI index reached 68.8 points, ranking 9th in Vietnam. In 2020, before the heavy impacts of the Covid-19 epidemic, Hanoi has implemented 21 business support programs with a total budget of more than 215 billion VND, and at the same time postponed/rescheduled/reduced taxes, fees and land rental price more than 25,000 billion.

With these advantages, Industrial Parks in Hanoi are really a good choice for enterprises to invest in building factories. With experience in consulting in factory construction investment in Hanoi, DELCO can help businesses quickly put into production, saving time and initial costs.

Nguồn: Thời báo Tài chính Việt Nam, Tạp chí Kinh tế Việt Nam

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