The Accountancy and Finance Centre offers a simulated business environment for practical training in accounting, auditing, taxation, and financial services. Equipped with professional training software and facilities, it prepares students for careers in finance while promoting industry best practices. The Centre also serves as a networking hub with professional bodies and the financial sector.

Retail Lab is equipped with professional teaching facilities and designed to simulate real-life work environments offering different retail services such as beauty care, fashion, watch and jewelry and supermarkets. It helps enrich the learning experience of IVE students and equip them for future career development.

The CLP Power Engineering Laboratory, a collaboration between IVE Engineering and CLP Power, features cutting-edge smart grid and high-voltage training facilities to develop future power engineers. Its Smart Grid Operation Centre and High Voltage Training Centre provide structured training for Electrical Engineering students, supporting Hong Kong's transition to a smart, low-carbon city. 

Designed with airport terminal concepts, this facility provides professional training in aviation and tourism operations through a Boeing 777 Flight Simulator, a simulated Air Traffic Control Console, interactive panels, a multi-function theatre-styled classroom, and a panoramic projection system. The Centre is equipped with industry-applied software, systems, and equipment to offer practical training under simulated scenarios, enhancing the learning experience for students.

Wine and Beverage Laboratory spans 4,000 square feet, featuring European and American tasting room designs. It includes 38 workstations in an arched layout, each equipped with independent lighting, a washing basin, and a Formica tabletop for professional training needs. In addition to full-time student training, the Hospitality discipline regularly organises in-service programmes.

The VRAR Learning Zone provides students with realistic simulation facilities. These include various environmental simulation software programmes, such as a hospital plumbing room and chainsaw operation simulations, allowing students to experience these scenarios in a safe and controlled environment before real-world application, master actual work processes, and enhance professional skills. Furthermore, the learning zone is also equipped with a Virtual Reality Cave (VR Cave) simulation system, allowing students to understand on-site environments, analyze the structure of real equipment, and increase the enjoyment of learning.