vietnam research & forecast report | q32014 (en)
TRANSCRIPT
KNOWLEDGE REPORT | 3Q 2014 | HCMC | INDUSTRIAL
Research &
HCMC | Industrial
Forecast Report
Accelerating success
VIETNAM 3Q14 Y-O-Y 4Q14FGDP Growth 6.19% 0.7%
Total Registered FDI (US$ billion) 4.33 -4%
Exports (US$ billion) 38.7 12.5%
Imports (US$ billion) 37.6 13.6%
CPI 4.3% -2.7%
Total retail sales (VND billion) 706.5 11.1%
International Visitors (million) 1.05 16.0%
Base Rate 9% 0.0%
Exchange Rate (US$) 21,246 -0.9%
VN-Index 630.34 24.9%
Gold Price (VND million/ tael) 35.9 -6.51%
Stable market performance
Last quarter saw no new supply to HCMC industrial market.
Both market average rental and occupancy rate are stable
during 3Q14 and expected to remain unchanged till the end
of this year.
The average rent for Read-built-factory and warehouse within
industrial parks also stayed in a range of US$2-4 per sq. m per
month regarding customer’s request of standard.
The market capitalization has been flat since the early of
2014 given moderate demand of industrial land acquisition.
OneHub Saigon hi-tech complex @ Saigon Hi-tech Park
This is expected to be a business and commercial complex in the East of HCMC
Industrial land is utilised for better functional products
VIETNAM | 3Q14 | ECONOMIC UPDATE
Followed the development of Viet Pan Techno Park
within Hiep Phuoc Industrial Park in the first quarter of
this year, the market welcomed OneHub Saigon complex
in District 9 during last quarter.
Located within Saigon Hi-tech Park compound, the
US$130-million project will be a commercial and industrial
hub with variable choices of product for tenants. Developed
by joint venture between Singaporean-based Ascendas and
Saigon Bund Capital Partners, this first OneHub in Vietnam
is expected to be well absorpted given successful models
from India and China market.
Source: OneHub Ssigon
Foreign investors provide diversity of industrial products
3Q 2014
KNOWLEDGE REPORT | 3Q 2014 | HCMC | INDUSTRIAL
Colliers InternationalHo Chi Minh CityBitexco Office Building, 7th Floor19-25 Nguyen Hue StreetDistrict 1, HCM City, VietnamTel: + 84 8 3827 5665
Accelerating success
QUANG NGUYENResearch [email protected]+84 938 056 603
YEN NGUYENResearch [email protected]+84 915 478 778
www.colliers.com/vietnam
Copyright © 2014 Colliers InternationalThe information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the materials contained in this report.
Publication Coverage Frequency Availability
Research & Forecast Report
Vietnam Cities Quarterly Publicly available
CBD Report HCMC CBD Monthly Publicly available
Asia Pacific Office Report
Asia Pacific in-cluding Vietnam
Quarterly Publicly available
Vietnam Property Market Report
Vietnam cities Quarterly On subscription
Development Recommendation
Vietnam cities At request On subscription
Authors:
No Name of Development LocationArea
(hecta)Warehouse
Rental*Occupancy Rate
1 Tan Binh Tan Binh + Tan Phu District 128 3-4 100%
2 Linh Trung 1 Thu Duc District 62 3-4 100%
3 Tan Tao Binh Chanh District 380 3 87.7%
4 Tan Thuan District 7 300 5 81%
5 Le Minh Xuan Binh Chanh District 100 3.5 100%
6 Vinh Loc Binh Chanh District 203 3-4 100%
7 Cu Chi Western North Cu Chi District 208 2-3 100%
8 Hien Phuoc 1 Nha Be District 311 3-4 92%
9 Cat Lai 2 District 2 124 3.5 89%
* US$/ sq. m/ month
Colliers ViewGenerally, typical investment in Vietnam and particularly HCMC industrial property market is commonly through occupying land
parcel on a long-term lease and constructing facilities. Regarding the ready-built factory and warehouse segment, the developers
normally provide small-sized facilities at 1,000-2,000sq. m while larger spaces are available upon request. Given foreseen increasing
demand for this segment, foreign investors has been proactive in offering better functional industrial property products for tenants
such as high standard factory/ warehouse and industrial complex.
Viet-Pan Techno Park is a 13-hectare development that provides full facilities and services for supporting industry manufacturers,
priotirised for those from Japan. The target tenants of this compound are production as well as service-providers vendors involve
in intermediate and capital goods who do not want to invest too much capital in assets.
On the other hand, implemented by Ascendas, Onehub Saigon will be an urban complex that follows regional and international
development trends of fully-finished manufacturing and office spaces.
These modern-style developments are expected to encourage a new trend of industrial investment that enhance the growth of
local market.