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Abstract
This paper aims to present the results of the assessment on industrial real estate development in Phu My district, Ba Ria - Vung Tau province in the period of 2015- 2020 based on collecting data and consulting with officials on the operation situation of two main industrial zones in Phu My town, Phu My 3 Specialized Industrial Zone and My Xuan B1 – Dai Duong Industrial Zone. The research results have shown that land use and infrastructure construction in two industrial zones are still being completed according to the initial plan. The number of businesses renting land and factories increased between 2015 and 2020. However, industrial real estate costs in Phu My 3 Industrial Zone was higher than industrial real estate costs in My Xuan B1– Dai Duong Industrial Zone. Besides, the legal and policy advantages to attract investors, obstacles in the development of industrial real estate in Phu My town have also been identified such as the progress of compensation for site clearance is slow leading to many difficulties in land acquisition, the remaining land lease period is quite short (more than 30 years), infrastructure in some industrial zone projects has not been synchronously invested and the occupancy rate of industrial zones is still low.