6 things you need to know about keo bet88 in Vietnam

keo bet88 in Vietnamhave become pivotal players in the nation's remarkable economic growth story. In this article, we'll provide you with all the essential information about keo bet88 parks in Vietnam, such as status, specific characteristics and future outlook of these dynamic hubs of industry.

1. Status of keo bet88 in Vietnam

According to the development plan for keo bet88 parks in Vietnam, in 2023, there were 397 new IPs established with a total land area of 122,900 hectares. This brought the total number of IPs in Vietnam to 620. These IPs have successfully attracted thousands of projects from 65 countries and territories.

The average investment attraction rate for these IPs reached 4.61 million USD per hectare, with a high occupancy rate of over 80%. Specifically, the northern region and the southern region recorded occupancy rates of 81% and 92%, respectively.

Below is a summarized list of the total number of keo bet88 parks (including those already in operation and those under planning and development) in the three key economic regions of Vietnam:

Region	Number of keo bet88 in Vietnam	Occupancy rate
Northern	248	81%
Central Region	170	67%
Southern	202	92%
Total	620	82.4% (510/620)

(*) According keo bet88 CBRE's 2023 report

1 - Northern region:

The key economic area keo bet88 the North is becoming a shining star keo bet88 the market as it consistently attracts FDI from major conglomerates such as Samsung, LG Electronics, and Vinfast, particularly keo bet88 sectors like electronics, computers, automobile manufacturing, machinery, equipment, and solar energy.

In 2023, the northern region saw the establishment of 68 new keo bet88 projects, attracting a total investment of over 17.3 billion USD, accounting for 67% of the country's total FDI. Among these, Bac Giang (1.06 billion USD) and Bac Ninh (486 million USD) secured the first and third positions in attracting new registered FDI in the country, respectively.

2 - Central Region:

Meanwhile, the central region has rapidly emerged as a new hotspot in the keo bet88 real estate sector in Vietnam. Nghe An, with an FDI capital of 1.2 billion USD, made it into the country's top 10 and stands out as the leading province in attracting FDI in the Central Region. Additionally, several other provinces and cities, including Ninh Thuan, Quang Ngai, and Quang Nam, are swiftly entering the race with enticing incentives to attract both domestic and foreign investors.

With the advantage of abundant vacant land, a plentiful labor force, and government support in terms of policies, the keo bet88 land market in the Central Region is expected to continue its robust growth in the coming years.

3 - Southern Region:

The key economic area in the South secured the second position with 122 new keo bet88 projects and an impressive FDI influx of 1.4 billion USD. In the past, this region was renowned for its exceptional FDI attraction capabilities. However, its rapid development has led to an average primary rent price reaching USD 159/m2/lease cycle, which is 42% higher than the Northern key economic region's rate of USD 112/m2/lease cycle (*).

(*) According to the Cushman & Wakefield Vietnam report on the cost competitiveness of keo bet88 parks in the Northern and Southern regions.

Nonetheless, this region is expected to experience a significant boost in the keo bet88 real estate market, with a series of transportation infrastructure projects nearing completion. These projects include the Ben Luc - Long Thanh expressway, the Long Thanh International Airport project, and Terminal 3 of Tan Son Nhat International Airport.

2. Specific characteristics of keo bet88 in Vietnam

keo bet88 parks in Vietnam boast several distinctive features that make them attractive destinations for businesses, including:

• Strategic locations: keo bet88 parks often situated in close proximity to major cities and transportation hubs, which facilitates efficient supply chain management. Additionally, these parks offer excellent accessibility to ports and airports, ensuring seamless import and export activities.
• Infrastructure facilities: keo bet88 parks stand out for their top-notch infrastructure facilities, featuring modern amenities and reliable utilities such as water, electricity, and gas. This infrastructure support helps businesses operate smoothly and sustainably.
• Size and zoning: keo bet88 parks come in a variety of sizes, accommodating various industries and not restricting activities through zoning regulations.
• Government support and policies: Businesses investing keo bet88 in Vietnam parks can enjoy investment incentives and tax benefits, which can substantially reduce operational costs. Moreover, Vietnam's regulatory framework is favorable to foreign enterprises, providing a conducive environment for their growth and success.

3. Types of keo bet88 parks in Vietnam

Vietnam offers a diverse types of keo bet88 parks tailored to meet various business needs, including:

• Export Processing Zones (EPZs): Export Processing Zones (EPZs) are specifically designed keo bet88 produce goods for export. These zones are designated areas within a country that are established keo bet88 promote and facilitate export-oriented industrialization.
• High-Tech Parks: These specialized keo bet88 zones place a strong emphasis on fostering cutting-edge technology and promoting innovation. High-Tech Parks provide an ideal environment for research and development activities, attracting businesses and organizations looking to push the boundaries of technology.
• Eco-keo bet88 Parks: These specialized zones prioritize ecological responsibility and the integration of green technologies. With a strong commitment to environmental protection and sustainability, Eco-keo bet88 Parks aim to minimize their carbon footprint and reduce the environmental impact of keo bet88 activities.
• Mixed-Use keo bet88 Parks: These parks are characterized by their unique blend, where manufacturing, residential, and commercial zones seamlessly integrate, creating a holistic ecosystem. Businesses across various sectors coexist and collaborate within these parks, fostering synergies and opportunities for cross-industry partnerships.
• Specialized keo bet88 Zones: These zones are meticulously designed keo bet88 cater keo bet88 the unique requirements of specific industries, such as automotive and electronics. These zones are precision-engineered keo bet88 provide customized infrastructure and support that align with the specialized needs of the targeted sectors.

4. Price and incentives of Viet Nam keo bet88

Vietnam's keo bet88 leasing prices are set for slight increases in the near term. Despite approval for 9 new industrial parks in 2022, covering 2,472 hectares with 29.4 trillion VND in investment, 2023 is expected to see limited supply due to challenges in site clearance, difficulties in converting land, and stricter land conversion controls.

The rental prices for keo bet88 land in Vietnam varied as of December 2023, ranging from USD 90 - 225/m2/lease cycle, approximately equivalent to 2,000,000 to 6,000,000 VND per square meter per lease cycle. Specifically, the average land rental prices in key economic regions were as follows:

• Northern Region: USD 131/m2/lease cycle.
• Central Region: USD 38 - 50/m2/lease cycle.
• Southern Region: The highest among the three regions, with an average land rental price of USD 189/m2/lease cycle.

Land prices in the South are forecasted to rise by 1-2%, with a similar trend expected in the North. Net profits for listed keo bet88 developers are estimated to grow by around 12% in 2023, driven by increased leased land and anticipated rental rate hikes of 3% in the South and 2% in the North.

The Vietnamese government has implemented various tax incentives to attract investors to lease land in keo bet88 parks. These incentives include exemptions or reductions in land rental taxes and fees:

• According to decision 25/2023/QĐ-TTg, the state offers a 30% reduction keo bet88 land rental fees for businesses leasing land directly on an annual payment method(this does not apply keo bet88projectsthat alreadyhaveland tax exemption).
• Investors can also benefit from extensions keo bet88 tax and land rental fee payment deadlines, aligning with their specific circumstances as specified keo bet88 Decree 12/2023/NĐ-CP.

These financial support measures are part of the government's efforts to stimulate economic growth and create a conducive environment for keo bet88 businesses in keo bet88 in Vietnam.

5. keo bet88 in Vietnam: Opportunities and challenges

Opportunities:

Vietnam's keo bet88 parks present abundant opportunities for investors. The government's diverse range of incentives underscores its commitment to fostering remarkable development, with keo bet88 real estate being a priority area.

While major cities like Ho Chi Minh City have seen significant growth and limited available land, there are ample opportunities in nearby provinces like Ninh Thuan that are just beginning to develop keo bet88 real estate, offering abundant vacant land and government investment focus.

Furthermore, the region boasts lower investment costs compared keo bet88 the broader market, making it an attractive option for businesses looking keo bet88 establish a presence. Additionally, the northern and central regions of Vietnam have a substantial inventory of vacant land, creating numerous investment prospects, as the low occupancy rates open the door keo bet88 various opportunities for investors.

Challenges

Investing in Vietnam's keo bet88 parks does come with its share of challenges. One significant challenge is the shortage of high-quality labor, which can affect the productivity and efficiency of businesses operating within these parks. Additionally, navigating administrative procedures in Vietnam can be cumbersome and time-consuming, posing obstacles to investors seeking a streamlined process.

However, the Vietnamese government has recognized these challenges and has taken steps to address them. They have implemented various solutions, which will be further analyzed in the following section. These solutions aim to improve the labor force, enhance administrative efficiency, and create a more favorable environment for both domestic and foreign investors in the keo bet88 sector.

6. Future outlook of keo bet88 in Vietnam

Vietnam's keo bet88 sector is poised for growth, supported by the government's strategic development plan. With a focus on modernization, skilled labor, and technology transfer, the plan prioritizes key sectors like manufacturing, electronics, and renewable energy. It seeks to shift from quantity-based growth to quality and efficiency-driven development, promoting high-value-added products and global integration.

The plan also envisions rational spatial distribution, enhancing inter-industry and inter-regional linkages. By 2035, Vietnam aims for a green, technologically advanced keo bet88 sector, producing internationally competitive products and deeply integrated into global value chains. This forward-looking strategy sets a positive trajectory for the future of keo bet88 parks in Vietnam, promoting sustainable growth and global competitiveness.

keo bet88 in Vietnamoffer a dynamic environment for domestic and international investors. The future outlook for these keo bet88 parks is bright, as Vietnam continues its journey towards modernization, sustainability, and global competitiveness.

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