Expanding space and accelerating investment help Ho Chi Minh City become the leading industrial center of the region - Photo: NGOC HIEN
The future megacity of Ho Chi Minh City will not only be a financial center but also a magnet for industrial and commercial investment capital. The advantage of expanding space and the potential from Binh Duong and Ba Ria - Vung Tau will create the most dynamic economic ecosystem in the region.
Ho Chi Minh City megacity with infrastructure advantages and large consumer market
The expansion of Ho Chi Minh City’s administrative boundaries will create a boost to turn the megacity of Ho Chi Minh City into a regional logistics center. Key transport infrastructure projects such as Ring Road 3, Ring Road 4, and expressways will form a multi-dimensional, interconnecting network between industrial parks, seaports, and urban centers.
Ms. Cao Thi Phi Van - Deputy Director of the Ho Chi Minh City Trade and Investment Promotion Center - said that after the merger, Ho Chi Minh City will become a special urban area with a multi-pillar economy when the new Ho Chi Minh City simultaneously possesses the financial and commercial capacity of the national center, advanced industrial driving force from Binh Duong and the seaport logistics ecosystem along with agricultural and marine tourism potential from Ba Ria - Vung Tau.
According to Ms. Van, Ho Chi Minh City is currently not only a major financial and commercial center but also a national economic nucleus with a special urban area after the merger, converging financial capacity, advanced industry and a coastal logistics - agricultural ecosystem.
"This combination opens up the potential to form a closed intra-regional value chain, reduce transaction costs, improve competitiveness, and turn Ho Chi Minh City into a megacity leading the development of the southern economic region and the whole country," said Ms. Van.
In addition to the advantages in infrastructure, Ms. Van said that in addition to the advantages in human resources and consumer market with a population of 13.6 million, Ho Chi Minh City is the gateway to the Mekong Delta and the Southeast region with a large population.
Therefore, the city is also a large consumption area with the rate and speed of shopping and consumption in this area being twice the national average.
Will be a bright spot in attracting FDI
Mr. Tran Viet Ha - Deputy Head of the Management Board of Export Processing and Industrial Zones of Ho Chi Minh City - assessed that the merger has created advantages in attracting investment into industrial zones of the new Ho Chi Minh City. Specifically, after the merger, Ho Chi Minh City will have 66 export processing zones and industrial zones with a total land area of over 27,000 hectares.
According to the vision plan to 2050, Ho Chi Minh City will have 105 export processing zones and industrial parks with a total planning area of more than 49,000 hectares, becoming the country's leading industrial center.
Meanwhile, Mr. Le Trong Hieu - senior director of consulting and leasing warehouse, factory and industrial park logistics of CBRE Vietnam - said that despite fluctuations in the world economy, Vietnam is still an attractive destination for industrial real estate investment, especially after the new wave of tariffs.
"After the merger, Ho Chi Minh City still emerges as an ideal destination thanks to its strategic geographical location, favorable investment environment and high-quality labor force," Mr. Hieu affirmed.
By merging urban areas, Ho Chi Minh City will have a competitive advantage for industrial real estate when overcoming the shortage of industrial land in the central area, instead there will be room for large land funds in Binh Duong and Ba Ria - Vung Tau (old) - Photo: NGOC HIEN
Mr. Hieu commented that the new Ho Chi Minh City has increased the industrial land fund to a larger size, with a variety of rental options. The central core area has high prices (200-280 USD/m²) and prioritizes high technology with few incentives, while the Binh Duong area (old) has more competitive prices (160-180 USD/m²) and the Ba Ria - Vung Tau area (old) has even more competitive prices (90-120 USD/m²).
Speaking to Tuoi Tre , Mr. Hardy Diec - CEO of Vietnam Industrial Park Group - said that in addition to the existing advantages in attracting investment, the megacity of Ho Chi Minh City needs to prepare for a new growth cycle with sustainable pillars. According to Mr. Hardy Diec, in the future, the market will prioritize the green industrial park model, in line with global ESG standards, while expanding services to meet the needs of fast, stable and long-term operations of manufacturing enterprises.
Therefore, in addition to traditional industrial parks, Ho Chi Minh City needs to prioritize the development of green, sustainable and smart industrial park infrastructure because this is an inevitable trend to attract high-quality FDI capital. In addition, Ho Chi Minh City needs to shift its investment attraction structure to areas that bring higher economic value, contributing to improving the competitiveness of the economy.
Ready-built warehouse projects that meet green standards developed by Vietnam Industrial Parks in recent times are expected to contribute to creating new momentum in attracting investment, especially investors that bring high value.
"As a secondary industrial real estate investor, we are steadfast in our orientation of developing professional, efficient and sustainable infrastructure to continue promoting the attraction of new generation FDI capital flows in the long term in the megacity of Ho Chi Minh City and other localities across the country," said Mr. Hardy.
Together "Contribute to the development of industry and trade in Ho Chi Minh City"
Tuoi Tre Newspaper in collaboration with the Department of Industry and Trade of Ho Chi Minh City opened a forum "Proposing ideas for developing industry and trade in Ho Chi Minh City". The forum aims to listen to ideas and solutions from businesses, researchers and people to build and develop industry and trade for the new Ho Chi Minh City, forming a strong urban area in industry - trade - services, with international competitiveness.
Mr. Bui Ta Hoang Vu - Director of the Department of Industry and Trade of Ho Chi Minh City - said that he will respect and listen to every opinion and suggestion from people and businesses to advise the People's Committee of Ho Chi Minh City on breakthrough solutions to develop industry - trade - services.
Readers participating in the forum can send their comments to the editorial office of Tuoi Tre newspaper, 60A Hoang Van Thu, Duc Nhuan ward, Ho Chi Minh City, or send them via email: [email protected].
Source: https://tuoitre.vn/sieu-do-thi-tp-hcm-thoi-nam-cham-hut-von-dau-tu-nho-nhung-loi-the-vang-20250728170618082.htm
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