Industrial Zone Continuous To Welcome “Eagles” To Build Nests
It is not without reason that Long An is considered an industrial zone satellite of Ho Chi Minh City. The vast clean land fund, foreign direct investment (FDI) attraction policy, and an open investment environment have made Long An become a “counterpart” in industrial economic development with Binh Duong or Dong Nai in recent years.
According to the Ministry of Planning and Investment, in 2023, Long An has had 118 new FDI projects licensed with a total newly granted capital of nearly 603 million USD, along with 81 projects adjusting capital with a total capital of nearly 118 million USD. As of February 2024, Long An has attracted 1,276 projects with a capital of over 11 billion USD. Based on this result, Long An ranked in the top 10 localities leading the country in attracting FDI.
Recently, many large enterprises continue to choose Long An to “build nests” for factories and industrial park (IP) projects.
For example, recently Suntory PepsiCo Vietnam started construction of its sixth factory in Duc Hoa district (Long An). This factory has a scale of 20 hectares, an investment capital of over 300 million USD (equivalent to 7,500 billion VND), and will be put into operation in the first quarter of 2026.
In addition to PepsiCo Vietnam, “eagles” such as AEON, Lotte, Misubishi, Yokorei, …. have invested and are investing in a series of large-scale projects in Long An.
The arrival of major corporations, strong investment in transport infrastructure, and industrial zones continuously attracting FDI have recently attracted attention to the Long An real estate market.
As of the first quarter of 2204, Long An has established 35 industrial zones with a total planned area of over 9,300 hectares. Of which, 26 industrial zones are eligible to receive investment, the clean land area available for lease is over 650 hectares.
Currently, the Industrial Zones have attracted over 1,900 projects, including 954 FDI projects and 951 domestic projects, with a total investment capital of over 6,600 million USD and 140,000 billion VND. To date, there are about 183,000 employees working in more than 1,600 enterprises in the Industrial Zones.
From the available momentum, the goal until 2030 that Long An strives to become an industrial center with advanced automation and production processes, continuing the development momentum from Ho Chi Minh City to the provinces of the Mekong Delta… is completely possible.
Thus, when FDI increases, along with the development of industrial zones, per capita income improves…, this will be a great driving force for the local real estate market.
Strongly Promote The Development Of Green Industrial Urban Areas, The Demand For Housing Will Increase
Looking at the number of industrial parks in Long An, it shows that the actual demand for jobs and housing is always present.
Currently, Long An is orienting towards developing strong ecological industrial urban areas, which will further support the real estate market having the opportunity to “rebound” in the near future.
In fact, the model of developing modern industrial – urban – service zones has appeared in the world for many years. It has been seen in Binh Duong, Dong Nai. This model once became a bright spot attracting investment for the market there.
In the case of Long An, although it is “late”, it is assessed to have strong development momentum due to the great potential demand for housing. A land with many advantages in terms of location, land fund for industrial parks, real estate prices, transport infrastructure, and population dispersion like Long An, the formation of ecological industrial park clusters is a sustainable direction.
Recently, the Long An market has started to “emerge” with models of industrial – urban – service zones. This model has been developed in Binh Duong, Dong Nai.
Recently, some projects developed according to this model have “emerged” in the Long An market and received positive attention. For example, in Ben Luc, the Prodezi integrated industrial – urban – service zone with a scale of 500 hectares is being formed. This is an integrated industrial – urban – service zone developed according to the green, ecological orientation with 50% of total electricity supplied by renewable energy sources, environmentally friendly building materials, advanced water treatment technology, and a specialized rainwater harvesting system for reuse and conservation of the natural ecological environment…
Along with this model will be the LA Home urban area. This urban area project with diverse types of housing from townhouses to river view villas to commercial shophouses is expected to become a “resting place” for many types of customers. In which, the most practical need is housing for thousands of experts, engineers, senior managers, and workers at Prodezi and adjacent industrial park clusters.
More than anyone, this customer group needs housing with full amenities such as schools, healthcare, culture, sports, trade and services, etc. “Closely located”, convenient for the distance to travel from the workplace to home.
Housing projects near industrial zones are meeting the real demand for housing for thousands of experts, engineers, senior managers, and workers…
It is not difficult to see the inevitable trend of the development model of industrial – urban – service zones. This model not only contributes to improving the efficiency of land use but also supports the dispersion of the population in central urban areas. At the same time, it helps localities strengthen social infrastructure, technical infrastructure, upgrade synchronous urban areas, transport, culture, and society.
In addition, the model transforms industrial development and investment attraction into a lever for consolidating and developing the local economy comprehensively, creating a living environment for a diverse community.
