Singaporean businesses expand investment in Vietnam's real estate

Vietnam is becoming a key market for Singaporean real estate investors with hundreds of housing and office for lease projects throughout the country.

Tuesday, August 10, 2021 11:20

Singaporean businesses expand investment in Vietnam's real estate ảnh 1

Illustrative image. (Photo: baodautu.vn)

Hanoi (VNA) - Vietnam is becoming a key market for Singaporean real estate investors with hundreds of housing and office for lease projects throughout the country.

Many investors including Sembcorp Development, CapitaLand, Keppel Land, Frasers Property, Mapletree have been doing business in Vietnam over the past 20 years, Dau tu (Investment) newspaper reported.

Industrial property is also attractive to Singaporean investors. Vietnam-Singapore Industrial Park (VSIP), a joint venture between Becamex IDC and a consortium of Singaporean investors led by Sembcorp Development Group, is a typical example.

Established in 1996, VSIP has so far had nearly 10 industrial park development projects in many localities such as Hai Phong, Bac Ninh, Hai Duong, Binh Duong, Quang Ngai, Nghe An and Binh Dinh. It is providing production infrastructure for 880 customers from 30 countries and territories investing in Vietnam with a total investment of 14 billion USD while generating jobs for 270,000 employees in the country and abroad.

VSIP is also a pioneer in the construction of service urban areas and commercial zones which are synchronously planned along with industrial parks.

Mapletree Group, another Singaporean investor, has eight real estate and logistics projects in Vietnam. The group owns and manages more than 1 billion SGD (719.2 million USD) in assets in the country, stretching from Hanoi to HCM City, Binh Duong, and Bac Ninh.

Boustead Projects Limited, Singapore's leading industrial real estate solution developer, launched the first ready-built factory-for-rent project in Nhon Trach 2 Industrial Park in Dong Nai province in 2018. Currently, the second phase of the project is going on. It is expected to complete and welcome tenants in the third quarter of this year.

Previously, Singaporean investors only invested in housing development in Vietnam, but they have recently expanded their portfolio to the logistics and factory real estate segments.

Frasers Property Vietnam has unveiled its latest development project in Binh Duong province. The group is rushing to complete and put into operation a 40,000 sq.m of ready-built factory-for-rent project at Binh Duong Industrial Park Project (BDIP) in the second quarter of 2022. It is expected that BDIP will provide a total of more than 200,000 sq.m of factories for lease in the next 6-7 years.

CapitaLand, a leading residential real estate developer with nearly 9,000 luxury apartments, that has developed in Vietnam for nearly 30 years, also has plans to invest in industrial real estate.

Ronald Tay, General Director of CapitaLand Vietnam, said that the completion of the merger with Ascendas-Singbridge in 2019 has contributed to strengthening the capacity and foundation for the development of logistics and industrial parks property.

꧑ In May, Emergent Vietnam Logistics Development Pte of Singapore received a licence to develop a 34.4 million USD logistics centre in Binh Duong. When🥂 completed, this project will provide logistics, storage and warehouses or lease./.

VNA

#Singapore #investment #industrial parks #Vietnam Plus #Vietnam News Agency Ho Chi Minh City

See more

Experts share cost-saving solutions for businesses at the panel discussion (Photo: VNA)

Cost optimisat🐠ion sol꧂utions sought to support Vietnamese exports to US

19/06/2025 06:05

The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.

Representatives from Phu Quoc city and agencies at the press conference to announce the fisrt Phu Quoc fish sauce festival. (Photo: VNA)

Phu Quoc to host 🍃first fis🌳h sauce festival this month

19/06/2025 02:24

The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.

Mastercard reaffirms commitment to supporting Vietnam🌌’s cashless futur🌸e

18/06/2025 23:00

According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.

Three subsidiaries of Viettel enter Fortune Southeast Asia 500 list (Photo: VNA)

Three subsidiaries of Viettel enter Fortune ༺Southeast Asia 500ꩲ list

18/06/2025 19:10

Vietnam has 76 businesses on the list this year, with total revenue of more than 160 billion USD.

Bac Ninh city to develope an urban area in the southeastern part. (Photo: diendandothi.kinhtedothi.vn)

Korean firm seeks cooperation ♑in developing urban🧸 project in Bac Ninh

18/06/2025 19:02

Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.

Do Thi Thuy Huong, a member of the Executive Board of the Vietnam Electronic Industries Association (VEIA), speaks at the seminar. (Photo: Screenshot)

Vietnam, India explore cooperatꦿi♉on opportunities in electricity, electronics sectors

18/06/2025 17:34

With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.

Wind energy is expected to be a source of clean power. (Photo: VNA)

Germany invests 50 m💧illi﷽on USD in renewable energy workforce training in Vietnam

18/06/2025 15:19

The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.

Vietnam is becoming a new hub in the regional supply chain, leading to a sharp increase in demand for industrial real estate, logistics and housing for foreign experts. (Photo: VNA)

Savills expert points out three drivers of🍰 FDI attraction in Vietnamese ♚real estate

18/06/2025 12:25

A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.

ITM Semiconductor Vietnam Co., Ltd. in VSIP Industrial Park, Tu Son, Bac Ninh has always been given favorable conditions by the locality for production and business. (Photo: VNA)

Bac Ninh exꦫerts efforts to ensure businesses thri♚ve

18/06/2025 11:09

To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.

Vietnamese Ambassador to Sweden (second, from left) Tran Van Tuan meets with representatives of H&M. (Photo: moit.gov.vn)

H&M, Nordic businesses ♏s⛄eek suppliers in Vietnam

18/06/2025 10:05

The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.

The daily reference exchange rate for the US dollar is set at 26,244 VND/USD on June 18. (Photo: VNA)

Reference exchange rate down 3 VND on June 18

18/06/2025 09:17

The State Bank of Vietnam set the daily reference exchange rate at 24,994 VND on June 18, up 5 VND from the previous day.

Vietjet places additional order for 40 Rolls-Royce Trent 7000 engines to power its A330neo fleet. (Photo courtesy of Vietjet)

Vietjet places major order for 40 additional R🍸olls-Royce Trent 7000 engines

18/06/2025 09:05

This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.

Petrovietnam Ca Mau Fertiliser JSC's fertiliser products has achieved “Level One” certification for bulk fertiliser in Australia. (Photo: VNA)

Fertiliser exports – bright spot for Petrovietnam Ca Mau Fertiliser JSC in༒ H1

18/06/2025 03:24

Fertiliser products of the PVCFC are now available in over 20 countries, including demanding markets such as Australia and New Zealand.

Minister of Industry and Trade Nguyen Hong Dien at the 15th National Assembly’s 9th session on June 17 (Photo: VNA)

V🀅ietnam ramps up efforts against counterfeit goods amidst c𓂃hallenges: Minister

17/06/2025 20:28

Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.