Vietnam Urged to Develop Multi-service IPs to Attract Foreign Investors
Vietnam should develop multi-service industrial parks (IPs) to attract more foreign investors, Marc Townsend, general director of CB Richard Ellis Vietnam, told the Thoi bao Kinh te newspaper Thursday.
Marc Townsend said that IPs in Vietnam should include trade centers, offices, apartments and hotels as well as other logistics services such as warehouses and cold storages apart from production facilities.
Foreign investors are now interested in leasing land in IPs which can offer them many supporting services to facilitate their operations, not purely a “land plot surrounded by four walls”, he added.
Townsend noted that developing such services will help operators of IPs raise their rentals from the current level lower than that of China’s IPs where boast the auxiliary facilities.
Land rentals of warehouses at the Vietnamese IPs are reported at from $2.2 to $23.5 per square per month against up to between $80 and $201 in some Chinese cities.
He cited Song Than IP in Ho Chi Minh City as a typical example that the park, where is home to many vacant warehouses and depots, remains unattractive to investors due to lack of the services despite rentals offered at just between $2 and $5 per square meter.
Vietnamese localities should work out plans for the construction of multi-service IPs to meet the increasing demand of investors.
Vietnam now has 228 IPs, including 162 put into operations and has attracted 6,800 projects totaling $60.2 billion so far. (Vietnam Economic Times)
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