Vietnam Northern industrial real estate market in 3Q2021
The Covid-19 pandemic has greatly affected Vietnam’s socio-economic situation in 3Q2021 when GDP in this quarter was negative 6.17%. Social distancing during the pandemic has brought many productions and business activities to a stop. However, with these efforts, the pandemic and the economy in the northern region have made good signals. VIETNAM NORTHERN REAL ESTATE The Northern industrial real estate market in 3Q2021 received a lot of positive information, despite the spread of the Covid-19, especially in Hai Phong. Thanks to its good control – pandemic capabilities and methods to maintain stable production, Hai Phong City has received good news with LG’s $1.4 billion capital raising project to expand production in Trang Due IP. JLL Vietnam’s record in the “Northern Industrial Land and Ready-built Factory 3Q21”, showed that the occupancy rate of industrial parks in 05 key industrial provinces temporarily decreased to 72%, lower than in 2Q2021. In the southern and northwest province
