Vietnam’s industrial sector is entering a new phase of growth, and one of the key players shaping this transformation is Becamex IDC. For decades, the company has been a state-backed powerhouse, with the Binh Duong Provincial Government holding 95.44% of shares. Well, That’s about to change! Becamex IDC upcoming public auction of 300 million shares, valued at VND69,600 per share, is set to raise approximately $900 million—making it the largest public share offering in Vietnam’s stock market history. But beyond the headlines, what does this actually mean for us—the developers, contractors, logistics providers, and business owners who operate in this industrial space every day? Let’s break it down.

At the Bắc Ninh Provincial Planning Announcement and Investment Promotion Conference, two strategic projects by LOGOS and Sembcorp in Yên Phong II-A Industrial Park officially received their Investment Certificates in the presence of the Prime Minister and Bắc Ninh provincial leaders.

On August 3rd, Taseco Real Estate Investment Corporation, a subsidiary of Taseco Group, held a groundbreaking ceremony for the "Construction and Infrastructure Business of Đồng Văn 3 Support Industrial Park," located east of the Cầu Giẽ - Ninh Bình expressway. The event was attended by Deputy Minister of Construction Nguyễn Tường Văn, Hà Nam's Deputy Secretary Đinh Thị Lụa, Provincial Chairman Trương Quốc Huy, and 500 distinguished guests.

On May 30,2024, the groundbreaking ceremony for the Logos Yen Phong IIA project was officially held in Hoa Tien Commune, Yen Phong District, Bac Ninh Province. This significant event was organized by LOGOS Property and related parties.

Foreign direct investment (FDI) in the property sector has jumped by 70 per cent year-on-year to over US$1.98 billion as of May 20, 2024.

The influx of foreign capital into the real estate sector since the beginning of the year has reached $1.68 billion, quadrupling compared to the same period in 2023, indicating that the Vietnamese real estate market remains attractive to foreign real estate giants.

There were no new industrial park projects launched in Vietnam in the 1st quarter of 2024. Existing industrial parks in the North attracted new tenants totaling 110 hectares, while in the Southern market, it was only over 20 hectares (Source: CBRE)

The Ministry of Planning and Investment has submitted a proposal to the Prime Minister for consideration and approval of the investment principle to construct and operate infrastructure for an industrial park covering an area of 964.8 hectares in the Vung Ang Economic Zone, Ky Anh town, Ha Tinh province.

Article 247 of the Land Law 2024 will be effective from January 1, 2025.