Many real estate businesses shift investment to industrial parks for sustainable development.

Many real estate businesses have chosen a new direction by investing in the industrial park sector.

In the context of the housing and resort tourism market not showing clear signs of recovery, many real estate businesses have chosen a new direction by investing in the industrial park sector.

Last June, the Board of Directors of Ba Ria - Vung Tau Housing Development Joint Stock Company (Hodeco) approved the implementation of Chau Duc, Tan Hoi 3 and 4 industrial clusters. This is a step following the strategy announced by the company's management board at the annual shareholders' meeting in May, in which it affirmed that it would promote investment in industrial parks instead of relying too much on tourism real estate, which takes a long time to generate profits.

Hodeco General Director Le Viet Lien once said that he had been planning this plan since he bought shares of Thua Thien Hue Construction Joint Stock Company (the unit developing Phu Bai Industrial Park 1 & 2 - Hue City). The company also plans to spend 400-500 billion VND to work with partners to implement a number of projects in Tay Ninh and Ho Chi Minh City, and at the same time plans to expand clean land funds, cooperating with experienced names such as Kinh Bac Urban Development Corporation.

Not only Hodeco, CEO Group Corporation (CEO Group) has also just promoted the establishment of a subsidiary called CEO Industrial Park Development Corporation (CEO IP), with a charter capital of 450 billion VND, specializing in industrial real estate. Notably, the company has been approved to invest in the Tien Lang Airport Industrial Park project - Zone B in Hai Phong. The decision to adjust capital flows, bringing hundreds of billions of VND to this field, was explained by CEO Group as being to offset the decline in residential real estate revenue, which has only been a few hundred billion VND in the past 2 years.

Another face is Khang Dien Housing Investment and Trading Joint Stock Company, which is familiar in the housing sector in Ho Chi Minh City, has also just entered the industrial park sector with the Le Minh Xuan Industrial Park Expansion Project (Binh Loi Commune) with a scale of nearly 110 hectares, a total investment of more than 1,100 billion VND, expected to be completed in 2027. This is considered a key project, capable of creating jobs for about 10,000 workers when put into operation.

In addition, Licogi 13 Joint Stock Company also joined the "game" when it was approved to invest in Quan Ngang Industrial Park Phase 3 in Quang Tri, with an area of ​​over 116 hectares and a capital of 710 billion VND. The company has established a separate legal entity to implement the project, with a controlling capital contribution ratio.

Source: https://nld.com.vn/nhieu-doanh-nghiep-bat-dong-san-chuyen-huong-196250901202300249.htm