VRG has 3 members in the top 10 industrial real estate companies in 2024

On March 20, Vietnam Rubber Industry Group (VRG) cited the announcement of Vietnam Report Joint Stock Company (Vietnam Report) saying that in the list of top 10 industrial real estate companies in 2024, VRG has 3 units including: Saigon VRG Investment Joint Stock Company, Nam Tan Uyen Industrial Park Joint Stock Company, Tan Binh Industrial Park Joint Stock Company.

Headquarters of Tan Binh Industrial Park Joint Stock Company

This is the result of an independent research by Vietnam Report, built on scientific and objective principles to recognize and honor the pillars of the real estate industry.

Enterprises are filtered from the database of Vietnamese enterprises in Vietnam Report's ranking studies in the real estate industry with financial data updated to December 31, 2023, combined with the use of Media Coding method (coding press data on the media), surveying research subjects and stakeholders to provide the most comprehensive, objective and complete assessment of enterprises throughout the recent difficult period.

Top 10 industrial real estate companies as announced by Vietnam Report

According to Vietnam Report, although many segments of the real estate market have reached a bottleneck, industrial real estate is still a bright spot in the market when the occupancy rate of industrial parks in the tier 1 markets in the North and South regions reached 81% and 92% respectively.

Up to now, Vietnam has 413 established industrial parks with a total industrial land area of about 87,700 hectares.

As the occupancy rate in the tier 1 market increases, demand will shift to the tier 2 market – industrial parks that ensure connectivity and lower rental prices than the tier 1 market. Therefore, important infrastructure projects are expected to boost the industrial real estate market.

Demand for industrial real estate for ready-built factories/warehouses is increasing, and this is expected to be a promising segment, along with the development of e-commerce, international trade and the shift of supply chains to Southeast Asian countries such as Vietnam.

Investing and doing business in industrial parks and industrial clusters on rubber land of member enterprises converted according to land use planning approved by competent authorities is a main business line of VRG.

VRG aims to continue to effectively exploit industrial parks and industrial clusters on converted rubber land by 2025; promote investment in expanding and investing in new industrial parks and industrial clusters according to local planning and legal regulations, in conjunction with consolidating and developing the Group's brand.

Source: https://nld.com.vn/vrg-co-3-thanh-vien-thuoc-top-10-cong-ty-bat-dong-san-cong-nghiep-nam-2024-196240320091147089.htm