The boom of the semiconductor sector is said to have a direct impact on the industrial realty sector as demand for factories has been on the rise, according to experts.

The industrial real estate segment has emerged as a driver of the property market after sailing through the economic storm last year thanks to the foreign direct investment (FDI) influx, experts have said.

The Intellectual Property Office of Vietnam (IP Vietnam) under the Ministry of Science and Technology (MoST) reported that it has received more than 156,000 applications to establish industrial property rights of all kinds last year, a year-on-year increase of 11%.

VOV.VN - As many as 300 policymakers, experts and business executives are attending the third Vietnam Industrial Property Forum which opened in Ho Chi Minh City on the morning of August 24.

Although the real estate sector has suffered a fall in foreign direct investment (FDI) attraction, experts are still optimistic about its prospects of the sector, especially the industrial segment which is described as a bright spot.

The Ministry of Finance has proposed reducing by 10% to 50% of fees and charges in the securities sector, fees for appraisal of licenses for international travel service business, and for issuance of citizen identification cards from July 1 to December 31, 2023.

Industrial real estate has been a bright spot in the market thanks to a large amount of foreign investment inflows, great potential and high absorption capacity, according to experts.

Investors from Taiwan (China) are particularly keen on Vietnam’s industrial, office and retail real estate, motivated by the country’s progress in improving the legal framework and substantial investment in key infrastructure, property consultancy Savills Vietnam said.

A delegation of the Ministry of Science and Technology (MST) visited France from September 9 - 12 to meet local agencies and learn from their experience, management models, mechanisms and policies for promoting innovation and intellectual property (IP).

The recovery of the industrial real estate sector will be fueled by new investment waves, according to the Vietnam Association of Realtors (VARS).