According to the industrial real estate report from Vietcap, in the first half of 2025, major investors in industrial parks (IPs) recorded stable land leasing revenues despite challenges from US tariffs. A notable example is Kinh Bac Urban Development Corporation (KBC), which achieved approximately 150 hectares in leasing, a significant increase from 18 hectares in 2024, with major transactions in Hung Yen and Bac Ninh. IDICO Corporation (IDC) expects to reach at least 60 hectares in H1 2025. Meanwhile, Sai Gon VRG Investment Company (SIP) forecasts 25 hectares, down from 74.5 hectares in 2024. Companies like Sonadezi Chau Duc (SZC) and Phuoc Hoa Rubber (PHR) recorded low revenues due to limited available land. GVR has made progress in land conversion procedures. Despite the impact of tariffs, FDI into Vietnam remains diverse, with northern IPs facing more risks from reliance on electronic exports, while southern IPs benefit from a more varied industry structure. The forecast for 2025 indicates growth driven by new land handovers from KBC.
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