Investors interested in IZs lying along Hanoi-Hai Phong road

Hanoi (VNA) - A number of foreign investors are eyeing locations close to
Hanoi and along the Hai Duong - Hai Phong corridor, according to the latest
survey by the real estate service provider, CB Richard Ellis (CBRE)
Vietnam .

A CBRE representative said that an industrial zone (IZ) corridor along the
Ha Noi - Hai Phong line has been established thanks to the development of
the economic areas in both Hanoi and Hai Phong cities.

The corridor includes 10 industrial zones, hi-tech areas, heavy and light
industry zones as well as several factories and industrial facilities
located at large IZs such as Thang Long ( Hanoi ) and Dinh Vu (Hai Phong).

Businesses renting premises in these IZs benefited from a host of
preferential investment policies from the government as well as high-quality
infrastructure, a stable rental period and low costs.

Currently, almost all areas within the IZs in Hanoi and former Ha Tay
(now Hanoi ) are being rented.

According to CBRE, investors in IZ construction should investigate
expanding the areas of IZs in the provinces of Hung Yen and Bac Ninh to meet
the rental demand at IZs located along the Ha Noi - Hai Phong corridor and
surrounding areas.

Japan 's Sumimoto company is planning to commence operations in the Thang
Long II industrial zone along the 5 and 39A National Roads in the province
of Hung Yen .

Once operational, the IZ is expected to attract a host of foreign
companies, particularly Japanese businesses.-Enditem