Vietnam continues to offer numerous investment and business opportunities.

Vietnam is offering many opportunities for investment and business development. This is the general consensus among many foreign investors currently investing in Vietnam as they enter the Year of the Dragon 2024.

Mr. Lance Li

Confidence in the opportunity for exceptional production growth.

- Mr. Lance Li, General Manager of BW Industrial

BW Industrial (BW) pursues a growth strategy focused on securing land in strategic locations across key economic regions through clean projects, project acquisitions, and the establishment of joint ventures for project development in Vietnam.

Our list of major tenants includes Shopee, the leading e-commerce online shopping platform in Southeast Asia, and BEST Inc., a leading provider of integrated smart supply chain solutions and logistics services in China and Southeast Asia. Other businesses include well-known global corporations such as 7-Eleven, ACFC, Jusda, HKC, Chevron, RPAC, and TTI.

BW's growth strategy is effectively built on a belief in Vietnam's exceptional manufacturing growth opportunities, such as high domestic consumption and the rapid growth of e-commerce combined with other commercial activities, far surpassing its regional peers.

BW selectively acquires commercially viable assets to supplement its portfolio and expand its business. These assets are then developed into ready-built factories (RBFs), ready-built warehouses (RBWs), and customized facilities (BTSs) to meet the specific needs of individual tenants, as well as large-scale multi-story office buildings serving tenants in its projects.

Mr. Ronald Tay

Marking a significant milestone in Vietnam.

- Mr. Ronald Tay, General Director of CapitaLand Development (Vietnam)

2024 marks the 30th anniversary of CapitaLand's presence in Vietnam – a significant milestone reflecting our achievements and commitment to this market. Starting in Vietnam with serviced apartments, CapitaLand has progressively diversified its portfolio to include residential apartments, serviced apartments, retail spaces, SOHO projects, and mixed-use developments.

We anticipate that 2024 will bring new events and opportunities, such as the handover of apartments in the DEFINE Project in Ho Chi Minh City in Q1, the launch of Phase I of the SYCAMORE Project in Binh Duong New City, the launch of the Lumi Hanoi Project, and the handover of apartments in Heritage West Lake in Q2. We also continue to seek new investment opportunities in both the South and the North.

As a leading real estate developer in Asia with expertise in multiple sectors, we are looking to invest in diverse asset classes, particularly residential and commercial properties, in the near future. Our long-term vision is to become the preferred real estate developer in Vietnam's sustainable urbanization journey, contributing to a strong economy through quality real estate products and services. We are also seeking opportunities to expand into areas adjacent to Hanoi and Ho Chi Minh City, such as Bac Ninh, Hung Yen, Hai Phong, Binh Duong, Dong Nai, and Long An.

Mr. Joseph Low

Opportunities to develop sustainable solutions.

- Mr. Joseph Low, Chairman of Real Estate, Keppel Group in Vietnam

We recognize that Vietnam offers numerous opportunities for the application and development of sustainable solutions that companies like Keppel are implementing. Keppel has identified a range of potential projects for the Keppel Real Estate Fund – a fund combining capital from Keppel and global institutional investors to invest in residential and commercial projects in Ho Chi Minh City and Hanoi.

Keppel is implementing the Sustainable Urban Renewal (SUR) business model, combining human elements, technology, and AI-powered processes to enhance the efficiency, sustainability, and value of new and existing commercial buildings. We believe that SUR is the right solution to contribute to Vietnam's Net Zero 2050 goal.

We also see many opportunities in infrastructure development solutions. In 2023, Keppel signed contracts worth over US$70 million to provide Energy as a Service (EaaS) solutions, demonstrating the Vietnamese market's acceptance of our business strategy.

Mr. Truong An Duong

Expectations for the industrial and logistics market.

- Mr. Truong An Duong, Managing Director for Northern Region and Residential Real Estate, Frasers Property Vietnam

Decreased orders, rising input costs, a lack of export markets, and the repercussions of global minimum tax policies have made large corporations more cautious in their investment decisions. Consequently, Frasers Property Vietnam's (FPV) industrial property leasing division is also facing increasing pressure to attract and secure a stable stream of tenants.

We are facing difficulties with overlapping legal and administrative procedures that are slowing down project implementation. Internally, one of the main concerns we are addressing is managing capital and resources, and the highly volatile interest rate situation affecting our ongoing industrial real estate projects, which cover up to 1 million square meters nationwide.

Nevertheless, FPV has achieved stable business performance. We are implementing a long-term strategy to transform and develop our business to become a reliable real estate developer in Vietnam.

We maintain strict investment practices, sound management, and efficient value extraction. Simultaneously, we build our business foundation on in-depth local expertise in the real estate sector. This is essential to establishing a solid business base for FPV's future endeavors.

We have established high-quality asset centers to leverage shared strengths, such as our extensive client network and high level of expertise. These centers will enhance FPV's core competencies, from investment, design, and financing to asset planning, development, and management.

In 2024, we expect the industrial and logistics market to continue its upward trajectory. Strong growth and expansion in the manufacturing sector, particularly in computers and electronics, machinery and equipment, will continue to drive demand for warehousing and logistics facilities in Vietnam.

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