The company expects to add $73-110 million worth of assets in Vietnam to its portfolio in the next two years, its CEO Patricia Goh told Nikkei Asia in an interview.

Chinese companies in the garment sector and South Korean electronics producers are looking to set up new factories in Vietnam, and therefore CapitaLand is looking for land build new factories or buy existing industrial infrastructure to lease to these potential tenants, Goh said.

The company is also looking to expand its investment in Malaysia and Thailand.

Industrial land rents are expected to rise by 7% in the south and 9% in the north every year for the next three years, property consultancy CBRE has said in a report in April.

Demand from various industrial sectors and foreign businesses would boost rents in the segment across the country, it said.

SSI Securities’ SSI Research expected positive developments in the industrial land segment this year thanks to the sustained rise in foreign direct investment flows into Vietnam.

Several new industrial zones have been planned in the northern region in the next three years, it added.

Vietnam leads region in attracting long-term investment into innovative start-ups

The wave of innovative start-ups in Vietnam has developed at “dizzying” speeds, attracting the attention of many domestic and foreign investors, a seminar, entitled 'Investment Policies for Start-ups' in Hanoi heard on June 3.

China speeds up investment in Vietnam

An upward trend has been recorded in Chinese recent investments in Vietnam, which is hoped to help fuel the industries the country has demand for such as high technology, renewables, supporting industries, electronics, and green finance.

Five-month public investment disbursement reaches nearly 27% of target

The disbursement of public investment from the State budget in the first five months of this year was estimated to reach 190.6 trillion VND (7.44 billion USD), equal to 26.6% of the yearly target and 5% higher than the same period last year, according to the General Statistics Office (GSO).

Chairman of Bac Giang Provincial People's Committee Le Anh Duong orders to focus on disbursement of public investment capital and lychee consumption

BAC GIANG - The Bac Giang Provincial People's Committee (PPC) on May 21 held regular meeting in May under the chair of PPC Chairman Le Anh Duong. The event was attended by Lam Thi Huong Thanh, Standing Vice Chairwoman of the Provincial People's Council; three Vice Chairmen of the Provincial People's Committee: Mai Son, Le O Pich, Phan The Tuan.

Source: VnExpress