Investors able to visit Nam Dinh Vu IP using Virtual Reality technology

As the COVID-19 pandemic is evolving unpredictably, in order to assist foreign investors to have a look at the industrial park from a distance, Nam Dinh Vu IP’s landlord has introduced a new approach to the site visit by using virtual reality technology.

Since the beginning of the year, the global economy as well as Viet Nam’s economy has faced many challenges, affecting GDP growth. Transactions and worldwide trade were interrupted. International investment and trade promotion activities have been also affected.

Mr. Nguyen Thanh Phuong, General Director of Sao Do Group and owner of Nam Dinh Vu Industrial Park (IP), said that all investment promotion activities abroad must be stopped.

“We cannot go abroad and FDI investors cannot come to study, visit the industrial park and experience our facilities and services. All activities are done through email or online.”

Currently, Sao Do Group is pushing the completion of infrastructure at Nam Dinh Vu Industrial Park Phase II, which is expected to be handed over to investors by the fourth quarter of 2020. The first phase being occupied up to about 85% at the same time creates synchronous utility services for investors. 

Consisting of four functional subzones – an industrial zone, oil and gas jetty area, seaport and logistics area and complex zone supplementing each other – it forms a perfect business environment which facilitates project implementation and sustainable operation of domestic and foreign investors.

At the 2nd Industrial Real Estate Forum 2020 co-organized by the Vietnam Real Estate Association, many experts also said that the “exit China” trend offered Viet Nam countless opportunities along with adequate virus control, abundant human resources, competitive prices and the benefits of the EVFTA. 

"We are ready to welcome investors moving out of China and investors taking benefits from the FTAs that Viet Nam has recently taken part in," said Mr. Phuong.

However, these great opportunities are being slowed down by the COVID-19 pandemic as investors are unable to conduct surveys at potential industrial zones in Viet Nam, or the IPs cannot hold investment promotion events overseas.

To overcome this situation, Sao Do Group is applying virtual reality (VR) so customers can visit and evaluate the project without going to the site. It includes pioneering and modern technology such as 360-degree panorama photos, 360-degree sample house viewings and VR services. 

Images of the Industrial Park and its utilities are reproduced in a virtual 3D space. 

“The VR experience allows our partners to observe the entire space without being obscured or obstructed by an object or angle, creating the feeling of going into the reality of a project. This application will offer customers advanced experiences of the project,” Mr. Phuong said.

Besides the provision of this experience to customers at Nam Dinh Vu Industrial Park, Sao Do Group continues to assist customers in the implementation of investment procedures in Viet Nam. The completion of documents is also supported by using electronic signatures and will not encounter any difficulties for FDI investors.