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On the morning of the 29th of Tet, I sat down with my coffee, reading news while awaiting Tet. Positive forecasts for the 2024 industrial property market caught my attention, bringing good news for developers like BW Industrial Development JSC. Nevertheless, adopting a different perspective is crucial to comprehensively understand the issues. 👉 Recently, inquiries arose about whether BW invests in industrial properties in southern provinces like Tay Nguyen and Tay Nam Bo or northern provinces such as Phu Tho, Nam Dinh, and Thai Binh. The answer is contingent on conditions. Developers like BW strategically choose investment locations based on market research and customer demand. Investments are likely in regions where manufacturers, e-commerce businesses, and last-mile distributors are already established. Likewise, manufacturers conduct thorough research considering factors like location, infrastructure, workforce, and local investment policies to determine investment locations. Key industrial provinces like Binh Duong and Dong Nai in the South or Bac Ninh and Hai Phong in the North remain preferred choices due to meeting investor requirements. While provinces with limitations in location, infrastructure, and workforce may have fewer opportunities, it doesn't rule out an investor shift to neighboring provinces like Long An in the South or Thai Nguyen, Hai Duong, Hung Yen, and Bac Giang in the North, where favorable infrastructure and location conditions exist. 👉 Abundant data on industrial parks and land designated for industrial use in Vietnam exists, providing various criteria. Common figures suggest around 410 industrial parks cover over 130 thousand hectares in Vietnam. Only 1-2 provinces lack industrial parks; the rest all have them. Given Vietnam's extensive terrain and numerous provinces, the presence of industrial parks in every province raises questions about infrastructure and workforce development and allocation. Excessive development of small-scale and scattered industrial parks may hinder developers from fully capitalizing on economies of scale. This elucidates why market leaders like BW have not ventured into "remote" provinces as mentioned. 👉 Developing industrial parks necessitates assessing their potential to attract Queen Bees like IBM, Samsung, or Foxconn. Only when such manufacturers establish themselves do other investors in their supply chain follow suit, forming industrial complexes. Planning the national industrial park system in Vietnam should focus on key regions with advantages in location, infrastructure, and workforce to create scale advantages. Provinces lacking competitive advantages should refrain from converting agricultural or forestry land into industrial zones to prevent resource wastage. Instead, these provinces should concentrate on developing industries where they hold a competitive edge. Hopes arise for a brighter economic landscape in the upcoming Year of the Dragon.

Investing in land can indeed be a smart way to secure your future. Land often appreciates in value over time, making it a stable long-term investment. Plus, it offers various potential uses, such as farming, development, or rental income. However, it's essential to thoroughly research the market, location, and zoning regulations before making any investment decisions.

This is huge news for Built by Nature and an important worldwide initiative for biobased construction materials: Built by Nature has announced a global prize totalling €500,000 to recognise innovation and stimulate scalability in the use of biobased materials such as timber, bamboo, hemp, straw, algae, and fungi in construction. The objective of the Built by Nature Prize is to attract biobased construction material manufacturers and their market-ready innovations from around the world and help take them to the next level of market scalability.  According to CEO Paul King, the Prize takes the Built by Nature mission to the next level: “Since our launch in October of 2021, Built by Nature has seen a rapid expansion of our European network to over 1,300 individuals and organisations committed to a building industry transformation and now this Prize enables us to broaden our scope and deepen our impact on a global level.” The Grand Prize winner will receive €250,000, with Prize criteria based on demonstrated potential for significant carbon emissions reduction and benefits to nature and local communities. Three runners-up prizes of €50,000 each will be awarded with €100,000 reserved for high-potential projects judged to be worthy of support. Successful semi-finalists will also benefit from valuable exposure and storytelling opportunities and connections with Built by Nature’s international frontrunner network for mentoring, access to potential investors and new markets. Applications close on January 25th. Read the full media release below to find out more about this exciting initiative -- including the experts from around the world we've convened to serve as judges -- and help us amplify the news about this global first for biobased construction materials! https://lnkd.in/gbnMNpxW #biobasedmaterials #sustainableconstruction #globalprize #biobasedconstruction #constructioninnovation #biobasedmanufacturers 

📯 Calling all biobased construction material innovators! Built by Nature have launched a global prize of up to €250,000 to help you commercialise and scale your solutions. 🌳 Biobased construction materials are key if real estate is to decarbonise in line with the Paris Agreement. Yet there remain many real and perceived barriers to the adoption of these materials at scale on projects. The BBN prize will support those organisations with market-ready solutions and demonstrable climate, nature and social benefits to overcome those barriers. Please share with any organisation you think may qualify for this breakthrough support. #biobased #innovation #decarbonisation #realestate

Why does the Pre-Engineered Buildings Market need market research? Due to the #growth of the #construction industry over the past few years, the pre-engineered building market has experienced enormous growth globally. The market for pre-#engineered buildings is expanding quickly thanks to the rising #urbanization and industrialization of developing countries like #Brazil, China, and India. Additionally, in April 2019, Metsä Group spent nearly $2 billion on pre-engineered buildings to develop its bioproduct mill in Rauma and Finland. The #market has grown significantly during the anticipated period thanks to these factors. To Know more click :- https://lnkd.in/gyhVEKqm #marketresearch #building #like #constructionindustry #marketresearch #engineeredbuilding #nations #industry #forecast #opportunity

Why does the Pre-Engineered Buildings Market need market research? Due to the #growth of the #construction industry over the past few years, the pre-engineered building market has experienced enormous growth globally. The market for pre-#engineered buildings is expanding quickly thanks to the rising #urbanization and industrialization of developing countries like #Brazil, China, and India. Additionally, in April 2019, Metsä Group spent nearly $2 billion on pre-engineered buildings to develop its bioproduct mill in Rauma and Finland. The #market has grown significantly during the anticipated period thanks to these factors. To Know more click :- https://lnkd.in/gyhVEKqm #marketresearch #building #like #constructionindustry #marketresearch #engineeredbuilding #nations #industry #forecast #opportunity

Land investment offers a unique opportunity for substantial long-term returns. Unlike properties with structures, undeveloped land requires minimal maintenance and can appreciate significantly over time, especially in areas poised for growth and development. Key factors to consider include location, zoning regulations, accessibility, and future development plans in the vicinity. Investing in land can serve various purposes, from agricultural use to residential or commercial development. With proper research and strategic planning, land investment can be a valuable addition to a diversified investment portfolio, providing both stability and potential for significant appreciation.

We are excited to share our “Year in Review” – a compilation of market development activities completed by FII and our many industry, association, government, academic and research partners over the past year.    We are committed to a collaborative delivery approach, building on the strengths and shared resources that other organizations bring to this important work. This report summarizes not only the work of FII, but also the many organizations and programs that we contribute to and work closely with.   Despite recent industry and market challenges, B.C.’s forest sector remains a significant contributor to our economy and a global leader in forest product exports. This is due in part to the progress made by the suite of programs supporting the evolution and diversification of the sector. In this report you will learn more about the range of work underway, and the milestones achieved over the past year. While market diversification efforts often take many years to pursue, it is always valuable to take a moment to remind ourselves of the important work being done to support the sector.    Read the Year in Review: https://lnkd.in/g93hPpqt We would like to recognize our partners in market development: BC Wood, Canada Wood Group, Canadian Wood Council, BC Council of Forest Industries, Cedar Shake and Shingle Bureau, UBC - Centre for Advanced Wood Processing, Western Red Cedar Lumber Association (Real Cedar), Wood Pellet Association of Canada, WoodWorks BC, WoodWorks, ZEBx, Athena Sustainable Materials Institute, National Research Council Canada / Conseil national de recherches Canada, The University of British Columbia, University of Northern British Columbia (UNBC), University of Victoria, Simon Fraser University, FPInnovations, Global Affairs Canada | Affaires mondiales Canada, Natural Resources Canada (NRCan), Trade & Invest British Columbia