Amata Optimistic About Vietnam Industrial Market for 2022 at the Annual CBRE Event

Vietnam's real estate market witnessed another challenging year. The markets recovery with potential investment opportunities has been high on the agenda throughout the year.

As one of the most awaited annual events of the year, CB Richard Ellis (CBRE) 2022 Vietnam Real Estate Market Outlook online webinar has provided insightful information and the emerging trends of the Vietnam real estate market, including the office, retail, residential and industrial sectors.

The webinar was held on 12th January 9.00-12.00am with CBRE's leading experts and guest speakers from different industries.

Mrs. Somhatai Panichewa, Chief Executive Officer Amata VN Public Company, spoke about the difficulties in the year 2021. She also shared her expert point of view on the potential of Vietnams logistics industry in the coming years and mentioned Amata’s second newest project in the country’s south, Amata City Long Thanh, that enjoys a superb location for logistic investors, a stone’s throw away from the new international airport at Long Thanh and Ho Chi Minh city center. She also expressed her confidence in Vietnam to recover from its struggles within this year. 

Following the industrial report from CBRE’s team, representatives of Amata Vietnam alongside other panelists, provided valuable information on specific topics of interest.  

Mr. Hoang Trung Kien, Director of the Quang Ninh Economic Zone Authority, shared his thoughts about the modern development of infrastructure in Quang Ninh province, including highway systems connecting the capital city Ha Noi through Ha Long to the Mong Cai Chinese border, as well as the airport and seaport infrastructure readily available for investors. Quang Ninh province has also prepared for the futures high demand for labor by paying special attention to education and accommodation developments.

Mr. Nguyen Van Nhan, General Director of Amata City Ha Long, expressed his appreciation for Quang Ninhs support to Amata projects and expressed a strong confidence in the growth and attractiveness of Quang Ninh as an FDI destination. Moreover, Mr. Nhan also explained about the low carbon footprint city development as the current strategy of Amata group, transforming industrial parks into Smart Cities, which not only requires large investments but also creates opportunities to attract partners in high-tech industries for future collaboration.

Meanwhile, Mr. Osamu Sudo, Head of Sales & Marketing in Vietnam, shared his knowledge about the needs of investors relating to location, infrastructure and trade in particular with neighboring China, as well as managing risks in times of Covid-19.

Mr. Tharabodee Serng–Adichaiwit, General Director of Bangkok Bank, mentioned that nearly 80% of manufacturers were struck by Vietnam’s fourth Covid-19 wave, but then rapidly recovered again after the situation came under control.

 Responding to a question from the audience, Amata’s representatives shared that Amata City Long Thanh has entered into several agreements with customers to transfer land in 2022. Amata City Ha Long has 133 hectares of land ready for customers and will acquire another 200 hectares in 2022 to meet increasing demands.

The event, drawing more than 800 attendees, adjourned with high expectations from all the guests that Vietnam will grow stronger in 2022 and become the regional hot spot to recruit foreign direct investments.