Towards the end of the year, real estate losses tended to decrease, many landowners chose to hold out when seeing positive signals from the market.

In early October, Joint Stock Bank Branch Director – Ms. Ngoc put up for sale her private house of 38.4 m2 in Phu Nhuan District, Ho Chi Minh City. Now she decided to stop and wait for the market to improve.

She said, this house was initially listed for sale for 5.3 billion VND. According to estimates, after negotiating with the buyer, the transaction can be down to about 5 billion VND, at this price the sale can be closed.

 

This level has decreased by 20% compared to the peak (2020 – 2021), but many customers came to see it and then negotiated the price down to 3.5-4 billion VND so they could not sell it.

According to the sharing, Ms. Ngoc does not often use this house so she wants to sell it and get her money back. Her finances are debt-free, so she doesn’t have to cut losses at all costs. Therefore, she decided to wait for the market to stabilize before selling again.

Mr. Phuc (residing in Thu Duc City) also stopped selling his land in Thu Dau Mot City after being pressured many times by customers. He said that the land lot purchased in 2021 for 3.6 billion VND, now sold for 3.2 billion VND, is still highly criticized.

“This selling price compared to when I bought it was a loss of 400 million VND, but customers still want to reduce it further. I decided to keep it and wait for the market to recover before selling it,” Mr. Phuc said.

The motivation for Mr. Phuc to keep the property is because bank interest rates have cooled down, he has borrowed money from the bank, and currently does not need to sell his house anymore, so he wants to wait a little longer for the market to improve.

Recently, transaction cessation has become more common, especially after bank interest rates dropped sharply and new legal policies were passed. Most of the products temporarily suspended from trading are small, registered plots of land in residential areas and individual houses in the inner city. Most of the products temporarily suspended from trading are land plots with small areas and individual houses in the inner city.

With the private house segment, the reason for flipping is mainly because the owner adjusted the price previously negotiated with the broker. The owner emphasized that he did not want the price to drop further. As for the land segment, information about the upcoming tightening of land division and separation makes many people expect that the land plots that have been separated and legally completed will be more “valuable”. If they are not financially stuck, the owners want to keep it instead of selling it cheaply at present.

In November, the wave of sales to cut losses on land and individual houses cooled down, and deep discounts of 30-35% were no longer common.

Primary land and housing prices in Ho Chi Minh City and neighboring provinces recorded an average decrease of 3-10% over the same period in 2022And it only decreased in the group of high-value products with incomplete infrastructure and legality. As for the secondary market, prices and transactions maintain a sideways trend.

According to Mr. Le Hoang Chau – Chairman of Ho Chi Minh City Real Estate Association, although real estate has passed the most difficult period, it is not the end of the chain of difficulties. Compared to the beginning of the year, the market has only partially overcome difficulties, meaning there are still many difficulties that need to be resolved in order to fully recover.

Accordingly to Mr. Ngo Quang Phuc – General Director of Phu Dong Group, recommends that if investors accept to hold land, they need to wait another 6-12 months to have liquidity again. If the financial foundation cannot hold out until then, the owner should accept a partial sale.

(Source: VnExpress)

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Despite other gloomy segments, industrial real estate continues to grow steadily with rental prices increasing by up to 30%.

Fulian Precision Technology Component, a subsidiary of Foxconn, has invested 621 million USD in Bac Giang. Earlier this year, they spent 62.5 million USD to rent 45 hectares of land located in Quang Chau industrial park, with a term until February 2057. It is expected that this will be the location of a new factory to assemble iPads and AirPods for Apple.

In the first half of the year, Goerteck (Hong Kong) was in the top 5 units with high capital injection in the manufacturing industry in the North with 280 million USD. This company’s third project in Bac Ninh specializes in manufacturing consumer electronic products, communication equipment, and optical instruments, expected to come into operation in 2024. To deploy, they rented 62.7 hectares of land in Nam Son – Hap Linh industrial park to build a factory.

While the Northern industrial parks welcome many electronic technology, automation or solar energy equipment customers looking to rent land, the South receives a series of large tenants in a variety of industries from tires, beverages to textile.

For example, Binh Phuoc welcomed the province’s largest investor – Shandong Haohua Tire, registering half a billion USD in capital. This Chinese tire manufacturer leased 43 hectares of land in Minh Hung – Sikico industrial park. Or mention Suntory Pepsico Vietnam, which leased 20 hectares of land in Huu Thanh IDICO Industrial Park to implement a 185 million USD investment project in Long An.

In the first nine months of the year, foreign direct investment (FDI) registered in Vietnam was nearly 20.21 billion USD, up 7.7% over the same period. Specifically, capital poured into processing and manufacturing took the lead, reaching more than 14 billion USD, accounting for nearly 69.3% of total registered capital and increasing 15.5% over the same period, according to the Foreign Investment Department.

Foreign investors in the manufacturing sector continuously come to Vietnam to help stabilize the industrial real estate market. According to a recently published report by Savills, industrial parks nationwide have an occupancy rate of over 80%. Northern key provinces reached 83% and southern key provinces reached 91%.

Regarding supply, in 2023, 397 industrial parks were established with a total land area of 122,900 hectares. Of these, there are 292 active zones with a total area of more than 87,100 hectares. And 106 other areas are being built with a total area of 35,700 hectares.

Despite large additional supply, rents still increase. In the North, rental prices increased by 30%, reaching an average of 138 USD per square meter per rental cycle (from 102 USD last year). 

In large industrial provinces in the South (Binh Duong, Dong Nai, Ba Ria – Vung Tau, Long An, Ho Chi Minh City), rent increased from 152 USD last year to 174 USD per m2. Supply in these localities is limited. Binh Duong, Dong Nai, and Ho Chi Minh City have very high occupancy rates, 99%, 96% and 95% respectively.

The industrial real estate market is forecast to continue to be promising. According to experts, despite global difficulties, Vietnam is expected to continue to welcome the wave of shifts in the global production supply chain to competitive production centers in Southeast Asia.

Savills also recorded an increasing number of requests and site surveys from multinational manufacturing, logistics and e-commerce businesses, reflecting growing demand for industrial products.

According to Mr. John Campbell, Vietnam’s attractiveness is maintained thanks to its young workforce and competitive costs, export-oriented economy, stable business environment, geographical location, and active participation. into Free Trade Agreements.

However, industrial real estate in Vietnam still has 3 challenges. Firstly, the quality of all traffic infrastructure in Vietnam is still lower than other countries in the region. Transportation infrastructure is expanding rapidly but development has not yet met the pace of economic and social growth. In fact, in 2023 Vietnam has dropped 4 places compared to 2018 in the World Bank’s logistics performance index (LPI), down to 43 globally.

However, industrial real estate in Vietnam still has 3 challenges.

• Firstly, the quality of all traffic infrastructure in Vietnam is still lower than other countries in the region. Transportation infrastructure is expanding rapidly but development has not yet met the pace of economic and social growth. In fact, in 2023 Vietnam dropped 4 places compared to 2018 in the World Bank’s logistics performance index (LPI), down to 43 globally.
• Secondly, as the focus shifts to attracting high value-added industries and increasing productivity to be on par with regional countries, the demand for skilled labor will increase. Labor costs in Vietnam are only a third of those in China (329 USD per month compared to 1,119 USD per month) but productivity is also lower at the same level.
• Thirdly, strictly new fire regulations have created obstacles for industrial developers, manufacturers and logistics companies. Foreign investors are having difficulty obtaining the appropriate certificates and some projects have been delayed because of this problem.

In recent years, steel factories have become a popular choice for many businesses. So why should you choose to build a steel factory? This article will help you better understand the benefits of building a steel factory

Factory construction is an important and expensive process in developing manufacturing enterprises. Therefore, choosing construction materials is also very important to ensure safety and efficiency in production activities.

Low cost

One of the biggest benefits of building a steel factory is its lower cost compared to other materials such as concrete or wood. Steel is a very popular and easy to find material, so its price is also very reasonable. In addition, this also helps save on transportation and installation costs because the parts are pre-manufactured and can be assembled quickly.

Save time

Time is an important factor in production activities. Building a factory with steel saves time compared to using other materials. Because steel factory parts are pre-manufactured and can be quickly assembled, the construction process will go faster and there will be less time spent waiting for parts to be produced.

Durable

Steel is a very durable material and can withstand many impacts from the external environment such as wind, rain, sun and humidity. Therefore, building a steel factory will help the factory last for a long time without needing to be replaced or repaired.

High safety

Building a steel factory also ensures absolute safety for production activities. Steel is a very sturdy material and has good bearing capacity, thus minimizing the risk of collapse or accidents during factory operations.

Easily expandable

You can easily expand the production area when necessary. The factory’s parts are pre-manufactured and can be quickly assembled, so expanding the production area will not take much time or cost.

Easy to repair

If there are any problems with the factory, repairing will also become easier when using a steel factory. Because factory parts are pre-manufactured and can be replaced quickly, repairs will not be time-consuming or costly.

Environmental protection

The use of steel factories also contributes to environmental protection. Steel is a highly recyclable material and causes less pollution to the environment than other materials such as concrete or wood. In addition, building factories with steel also helps minimize the exploitation of natural resources.

Energy saving

Steel factories also help save energy during the production process. Steel is a material with good thermal and sound insulation properties, so it will help keep heat and sound inside the factory. This will help minimize the use of machinery for air conditioning and minimize noise during the production process.

Easily change designs

By using a steel factory, you can easily change the design of the factory when necessary. Factory parts are pre-manufactured and can be easily repositioned, so changing the design will not take much time or cost.

Flexible in use

Steel factories also give you flexibility in the use of production space. Because factory components are pre-manufactured and can be quickly assembled, you can easily change the production area to suit current production needs.

Thus, building steel factories brings many benefits to manufacturing businesses. Low cost, time saving, high durability, absolutely safe, easy to expand and repair, environmental protection, energy saving, easy to change design and flexible in use. These are the main reasons why building steel factories has become the top choice of many businesses.

Therefore, if you are planning to build a factory for your business, consider and choose steel materials to ensure safety and efficiency in production activities.

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A 300m2 factory is a small factory, often chosen by small businesses for production. Check out the top 5 occupations suitable for a 300m2 factory with Ossif!

With a small area, manufacturing businesses need to calculate and choose appropriate production lines to bring in the highest revenue and profits.

300m2 factory – suitable for the electronics and information technology industry

Business forms of the electronics and information technology industry include:

– Production of basic electronic and optoelectronic components for daily life. These components include: Transistors, integrated circuits, sensors, resistors, capacitors, antennas,…

– Production of quartz components for complex circuits and electronic boards.

– Production of electronic components for the assembly industry such as rubber components or plastic components, glass components,…

– Production of materials for electronic components: hard and soft magnetic materials; insulators, conductors,…

– Production of batteries for electronic devices such as phone batteries, laptop batteries,…

300m2 factory – suitable for textile technology industry

The textile technology industry is considered one of the most suitable industries for the 300m2 factory model. Business forms of the textile technology industry include:

– Production of natural fibers from cotton, jute, hemp, silk,…

– Production and manufacturing of synthetic fibers: PE, Viscose,..

– Fabric technology: technical fabrics, nonwoven fabrics

– Other accessories serving the textile industry: buttons, mex, zippers, elastic bands,…

300m2 factory – suitable for the mechanical manufacturing industry

Production forms of the mechanical engineering industry include:

– Available molds upon request: casting molds, stamping molds,…

– Tools for the mechanical industry: cutters, drill bits, electric knives,…

– All kinds of spare parts for machines serving the mechanical and manufacturing industries.

– Measuring tools serve many different industries.

– Details for machines that require high precision such as bolts, screws,…

– Steel manufacturing.

300m2 factory – suitable for the leather and shoe industry

Forms of business and production in the leather and shoe industry:

– Production of imitation leather fabric.

– Production of shoe soles.

– Producing all kinds of threads used for sewing shoes.

– Production of chemicals used for tanning leather.

300m2 factory – suitable for supporting industries

Supporting industry is an industry that produces products to serve other industries. Industries that produce materials, spare parts or accessories, components, etc. Specifically, supporting industries of the following industries: automobiles, motorbikes and mechanical engineering.

In general, businesses such as: auto parts production, packaging processing, packaging production, beer production, furniture production, cosmetics production,…are industries suitable for factories with an area of about 300m2.

To be able to accurately choose a ready-built factory that suits your production needs, please leave your contact information (form below) or inbox fanpage Ossif Factory System. You will receive detailed advice and the most suitable rental plan. Besides, you can also visit our factory for free.

 

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The Ministry of Transport has just sent document No.10092 to the National Assembly Delegation of Long An City to respond to the petition sent by voters before the 5th Session of the 15th National Assembly on Seaport Planning.

• In addition, the seaport system in the province will be invested in upgrading such as:
• Tan Tap route (Long An seaport) – Ben Luc – Duc Hoa
• Tan Tap route (Long An seaport) – Ben Luc – Moc Hoa
• Tan Tap route (Long An seaport) – Tan An – Duc Hoa
• Tan Tap route (Long An seaport) – Tan An – Moc Hoa
• Phuoc Dong route – Tan Kim and 11 branch routes

Long An international seaport not only enhances the province’s position and attracts investment, but also helps the fields of logistics and industry, especially industrial real estate in the area.

The wharves of Long An international seaport have been announced to be open by the Vietnam Maritime Administration in Deciddions: No.1453/QD-CHHVN (September 30th, 2026) and No.1364/QD-CHHVN (September 15th,2020).

According to the provisions of Articles 76 of the Vietnam Maritime Code, seaports have the following fuctions: providing support services for ships arriving and leaving the port; providing necessary facilities and human resources for ship to anchor, load and unload goods, pick up and drop off passengers; providing transportation. loading, unloading, warehousing and preservation of goods in the port.

According to the approved planning and regulations of maritime low. Long An international port – located in can Giuoc port area is allowed to receive domestic and foreign ships, to carry out cargo services in accordance with the approved and announced seaport planning specific tho the port.

⇒ No restrictions on market access forr goods (no restrictions on trasit goods, domestic goods or import and export goods).

Please contact Ossif experts immediately to create a specific business and development plan via Hotline: 0983.68.68.75, receive advice and quotes based on rental area.

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Can Giuoc bridge meets people’s expectations after many years of travelling back and forth between Can Giuoc town and Phuoc Lai commune by ferry, which is very inconvenient.

On August 30th, 2023, the People’s Commitee of Long An province organized the inauguration and opening of Can Giuoc bridge across Can Giuoc river.

Attending the ceremony were former Politburo member, former Permanent Deputy Prime Minister Truong Hoa Binh, leaders of Long An province and many local people.

From the time of commencemnet of construction on March 31st, 2021 to August 30th, 2023. During a total construction period of 518 days, the project with a length of 417m, a width of 8m, and a design tonnage of 18 tons was completed and put into operation 1 minth earlier than required.

It is know that Can Giuoc bridge not only solves the difficult travel problems of local people, it also shortens the travel time to industrial parks such as Tan Kim, Long Hau, Tan Lap,…in the district. Open up opportunities for trade development and inter-regional connection with Ho Chi Minh City.

In the future, Can Giuoc bridge will contribute to making Can Giuoc district an economic key of Long An bordering Ho Chi Minh City.

This location is farr from the central area of the district, making inter-regional connectivity limited, making it difficult to travel, trade, and transport goods.

The project being put into use is a step in concretizing the direction of trafic development planning of the province and district. Ensuring continous and smooth traffic connection from the district center to lower communes, reducing traffic pressure through Thu Bo bridge.

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Let’s watch the video below with Ossif to update images of Zone D Ossif factory.

This is the factory after completing more than 90% of the construction volume. We currently in the process of completing the final items.

For your information, Zone D is ready to “turn on rental mode” for customers who ara looking for production and storage locations to expand their business model effectively, economically and safely.

Quantity:	4 factories
Acreage:	396m² – 1.600m²
Ceiling:	From 8.1m – 12.8m
Floor load:	Up to 2 tons/m²
Attached service:	Legal support  & Recruiment support

Update image of Zone D Ossif

Zone D Ossif factory for rent with 100% new constructuib status

• Located in front of National Highway 50, Tan Kim commune, Can Giuoc district, Long An province (inside Tan Kim Industrial Park)
• Strong steel frame structure, ensuring durability and stability
• High ceiling, quipped with good heat insulation, stable operation under harsh weather conditions.
• The factory floor has an extremly strong load-bearing capacity of up to 2 tons/m2, able to bear both goods and heavy industrial machinery.
• Busy residential area, convenient transportation, easy to recruit labor.

Advantage:

• The security team is on duty 24/7 to ensure security throyghout the operation.
• Free time to import and export goods, no loading restrictions, creating favorable conditions for your business to operate without any obstacles.
• The technical infratructure is fully built with high-capacity 3-phase electricity, clean water source, and microbiological water filtration system.
• Automatic fire protection system with standard Sprinkler nozzles.

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Please contact Ossif experts immediately to create a specific business and development plan via Hotline: 0983.68.68.75, receive advice and quotes based on rental area.

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In less than 20 days, Can Giuoc Bridge connecting the two banks of Can Giuoc Town and Phuoc lai Commune will be officially inaugurated on the occasion of National Day, September 2nd.

Can Giuoc Bridge connects the two banks of Phuoc Lai commune and Can Giuoc town

Currently, more than 90% of the work has been completed and the final items are in the process of being completed.

The compeletion of the bridge not only meets the long-standing wishes of the government and people, but also contributes to promotion the local socio-economy, attracting more investors into industrial parks and new urban areas in the district.

The bridge across the Can Giuoc River is a key project of the Resolution of the 12th District Party Congress (term 2020 – 2025)

When the bridge is put into use, it will shorten travel tome between Phuoc Lai commune and Can Giuoc district center, especially between Industrial Parks and Ho Chi Minh City. This is good news for many businesses located in Can Giuoc.

Especially for Ossif customers, from now on, getting to the factory is easier and faster, saving both transportation costs and time.

The road leading to the bridge belongs to Can Giuoc town

Representative of the Construction Investment Project Management Board of Can Giuoc district informed that the total length of the bridge is 417m, the width is 8m. The road leading to the bridge has a total length of 184m, the design axle load is 10 tons.

This bridge has an asphalt surface and lighting system with a total project investment of 150 billion VND using local budget sources.

Implement synchronous connection in all localities in the district and areas bordering Ho Chi Minh City. Can Giuoc district also proactively proposed to the Provincial People’s Commitee to assign the district to balance its own budget for investment in bridges across Can Giuoc river as well as a number of other key traffic projects.

Right at the foot of Can Giuoc bridge is the Saigon Riverpark Can Giuoc project. This is the project that will benefit the most when the bridge is put into operation.

This location is far from the central area of the district, making inter-regional connectivily limited, making it difficult to travel, trade and transport goods.

Currently, the operation of Tan Thanh ferry terminal cannot meet local development needs in the long-term. Therefore, when Can Giuoc Bridge is put into operation, it will contribute to solving these problems.

The road surface in this area has also been completed.

Relevant units are preparing for the inauguration ceremony of Can Giuoc Bridge.

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