Gaw NP Capital plans to invest $500 million into Vietnam
Gaw NP Capital plans to invest $500 million into Vietnam
Gaw NP Capital, a joint venture between Hong Kong Gaw Capital Partners and Vietnam NP Capital, plans to invest an additional $500 million into Vietnam's real estate market in the next 18 months.
According to Vo Sy Nhan, Gaw NP Capital’s CEO and co-founder, the investment would flow mainly to the industrial sector to develop factories and warehouses and other facilities.
After investing in two first industrial property projects in Thai Nguyen and Haiphong, Gaw NP Capital is proceeding with ready-built factories and warehouses in Nghe An and Binh Duong provinces.
Gaw NP Capital plans to expand its total land to 100 hectares in 2022, from the current of 49ha for industrial property development.
Kenny Gaw, president and co-founder of Gaw Capital Partners, Vietnam’s commercial hub Ho Chi Minh City has been a favoured destination for foreign investment, which is unlikely to change. Even as forecasts are trimmed, economists have faith the nation will bounce back, he said.
“Vietnam has excelled in reeling in the big fish in electronics, footwear, and clothing in recent decades. Productive labour costs, reliable infrastructure, and smooth bureaucratic processes have drawn the attention of Samsung, Foxconn, Nike, and many others. Along with this opportunity comes a significant amount of difficulty because of Vietnam’s highly complex licensing regulations. Gaw NP Industrial is focusing on administrative support, which will bring practical benefits to investors,” Gaw said.
“Vietnam is expected to continue its move up the value chain thanks to its stable growth, business climate, and relocations out of China,” Gaw added.
Gaw NP Capital has invested in different segments of the real estate in Vietnam, including OneHub Saigon, a 12ha business park development in the Saigon Hi-Tech Park, and the 1Hub Data Centre.
