Sector Industrial Reports | [Industrial Real Estate Sector] - FDI capital continues to promote growth

[Industrial Real Estate Sector] - FDI capital continues to promote growth

31/10/2024

Summary

The Ministry of Finance's report showed that the estimated disbursement of public investment 9M2024 was about VND 320,566 billion (-11% YoY), reaching 47.29% of the plan assigned by the Prime Minister. The disbursement rate in 9M2024 decreased compared to 9M2023, falling from 51.38% to 47.29%. To promote the disbursement of public investment, the Government issued Official Dispatch No. 104/CD-TTg dated October 8, 2024, to urge the promotion of public investment capital in the last months of 2024.
The business performance within the industrial park real estate sector has shown clear differentiation, with companies that have available land for lease capitalizing on the influx of FDI capital, leading to significant growth in both revenue and profit. Notably, these enterprises have also seen an improvement in their gross profit margins compared to the same period last year, as industrial park land prices continue to rise in key cities and provinces. This upward trend in land prices has further bolstered the financial performance of companies in this sector.
With the prospect of continued growth in FDI , we expect the industrial real estate group to maintain a steady growth momentum. We are particularly interested in BCM, IDC and SZC as these businesses have available land funds and recorded positive revenue in the first 9 months of 2024.

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Sector

Industrial Real Estate