INDUSTRIAL & LOGISTICS
Vietnam: Economy in 4 months continues to change positively
The economy continues to maintain positive development momentum in all three sectors: agriculture, industry, and services. The PMI in April reached 50.3 points, in which the number of new orders increased sharply. The 4-month average CPI increased by 3.93%. Mobilization and lending interest rates continue to trend downward; Exchange rates are managed proactively, flexibly and promptly. Business development continues a positive trend; in 4 months, there were 51,600 newly registered businesses (an increase of 3.4% in number of businesses and 9.3% in registered capital over the same period); At the same time, more than 29,700 businesses resumed operations, an increase of 2.4%.
Vietnam: Industrial Real Estate promises to continue growing in 2024
2024According to foreign investors, compared to othercountries in the region, industrial park real estate rentalprices in Vietnam are still very competitive. Vietnam stillhas many driving forces to help the industrial real estatemarket promise to prosper in 2024 such as: FDI capitalflows are still positive, transportation infrastructure isincreasingly synchronous, and IP support services areincreasingly improved. Two trends may appear in themarket: one is that investors with capacity and availablecash resources will focus on speeding up the progress ofsite clearance for projects that have investment policies;Second, some businesses will aim to M&A projects thatare “strained” with cash flow to seize opportunities.
Vietnam: Implemented 9/29 major projects linking the Southeast region
To date, out of 29 important transportation projects linking the Southeast region, 4 projects have started construction and 5 projects are implementing investment procedures.
Accordingly, the HCM Ring Road 3 project has basically started construction; The Ben Luc-Long Thanh expressway project is under construction, the total volume of the bidding package is currently about 80.05%; The construction project of Passenger Terminal T3 – Tan Son Nhat International Airport has completed more than 50% of the rough construction volume;… Currently, agencies are researching and implementing 20 projects.
Vietnam: Developing the Industrial Park Law – Welcoming high-quality investment flows
The Ministry of Planning and Investment is proposing to develop a law with the tentative name of the Law on Industrial Parks and Economic Zones that meet the requirements of supply chain development as well as green economic development according to current directions. Accordingly, the Ministry of Planning and Investment proposes policy groups in the content of the law to promote the development of industrial parks and economic zones, meeting the requirements of industrialization and modernization of the country. Currently. At the same time, meeting new trends in the world such as: green economy, digital economy, circular economy, green energy…
Vietnam: Approval of planning for the Southeast region until 2050
Prime Minister Pham Minh Chinh has just signed Decision No. 370/QD-TTg dated May 4, 2024 approving the planning of the Southeast region for the period 2021 -2030, with a vision to 2050.
Scope of regional planning boundaries This includes the entire administrative boundary of HCMC and 5 provinces: Dong Nai, Binh Duong, Ba Ria – Vung Tau, Binh Phuoc and Tay Ninh.
The planning goal is that by 2030, the Southeast will become a civilized, modern region with developed industry… By 2050, the Southeast will become a developed region with high income; has strong economic potential, modern economic structure…
Vietnam: Approving the Planning of the Red River Delta until 2050
Prime Minister has just signed and promulgated Decision No. 368/QD-TTg dated May 4, 2024 approving the Planning of the Red River Delta for the period 2021 – 2030, with a vision to 2050. Accordingly, the organization organize the region’s socio-economic activities into two sub-regions: North of the Red River and South of the Red River. The Northern sub-region includes Hanoi, Hai Phong, Quang Ninh, Hai Duong, Hung Yen, Bac Ninh and Vinh Phuc. The southern sub-region includes 04 provinces of Thai Binh, Nam Dinh, Ha Nam and Ninh Binh.
Vietnam: Alibaba plans to build a Data Center
According to Nikkei Asia, Alibaba is planning to build a data center in Vietnam to meet legal regulations. The Chinese technology corporation said that it is currently renting space for servers from Viettel and VNPT. Alibaba leaders refused to disclose the cost of the project as well as the specific time.
According to Nikkei Asia, the cost of building a data center can exceed $1 billion. An important reason why companies like Alibaba want to build their own servers may be to ensure security and better control of information.
Quang Ninh: Turning the seaport into a driving force for marine economic development
Resolution No. 15-NQ/TU of the Executive Committee of Quang Ninh Provincial PartyCommittee on “Development of seaports and seaport services in the province to 2025,orientation to 2030, clearly defining goals to 2025, Quang Ninh’s total seaport servicerevenue reached 25,000 billion VND, an average growth of 17.5%/year, contributingabout 1.2%-1.5% to the province’s GRDP; The output of goods through the port reachesabout 114.5-122.5 million tons, the sea transport passenger traffic reaches 250,000-300,000 passengers.
Ninh Thuan: Inauguration of 2 more expressway projects
On April 28, in Ninh Thuan province, Prime Minister attended the inauguration ceremony of Cam Lam – Vinh Hao expressway and opened the Dien Chau – Bai Vot expressway (section from Dien Chau to National Highway 46B) to traffic. The two projects on the eastern North-South expressway in the period 2017 – 2020, bringing the total length of expressways across the country to exceed the mark of more than 2,000 km.
The project to build a number of expressway sections on the Eastern North-South route in the 2017-2020 period has a total length of 654 km divided into 11 component projects.
Hai Phong: Established Military Command in Dinh Vu-Cat Hai Economic Zone
On May 4, the Hai Phong City Military Command coordinated with the Hai Phong Economic Zone Management Board to announce the decision to establish the Military Command, appointing officers of the Military Command of 11 enterprises in Dinh Vu-Cat Hai Industrial Park and Economic Zone in 2024. The establishment of the Military Command helps businesses have on-site forces to protect and handle situations that arise in production and business activities. normal business as well as having trained, elite forces ready to respond to adverse situations that may occur.
Binh Phuoc: Prioritize investment in 6 supporting industry sub-sectors
Binh Phuoc province has just completed a project to develop supporting industries in the province in 2024. Province targets the export turnover of supporting industry products to reach 800 million USD; Attract 1-2 businesses to invest in large projects with high technology and investment in industrial zones and clusters. At the same time, the province aims to attract and develop 6 supporting industry sub-sectors in the fields of electronics, textiles – garments, automobile manufacturing and assembly, leather -shoes, mechanical engineering and supporting industrial products…
Binh Dinh: Looking for investors for two new Industrial Cluster Projects
The People’s Committee of Phu My district has just announced inviting interest in investing in projects of Trung Hiep Industrial Cluster and Trung Thanh Industrial Cluster. Accordingly, Trung Hiep IC has an area of about 61 ha, in Trung Hiep village, My Chanh Tay commune. And Trung Thanh IC has an area of about 75 ha, in Trung Thanh 1 village, My Quang commune, Phu My district. The nature of the production occupations attracted to the 2 industrial clusters is multi-industry (priority is given to manufacturing and processing occupations that cause little environmental pollution)…
Ba Ria – Vung Tau: Nam Kim invests in a new factory
This year, Nam Kim plans to expand capacity with the investment in building the Nam Kim Phu My roofing steel factory in My Xuan B1 – Dai Duong industrial park. The project scale includes a zinc plating line of 350,000 tons/year, 2 zinc-aluminum alloy plating lines of 300,000 tons/year and 150,000 tons/year, and a color plating line of 150,000 tons/year. It is expected that phase 1 of the project will have a capacity of 800,000 tons/year in the Q2/2024, increasing the total capacity of the entire system to 70% and about 60 – 70% of output from the new factory can be exported.
Thanh Hoa: There are 2 more High-Tech Industrial Parks covering 700 hectares
The People’s Committee of Thanh Hoa province recently approved the planning project for the 1/2000 construction subdivision of Tuong Linh Industrial Park, Nong Cong district, with a scale of 350 ha. The province aims to develop this industrial park as a place to prioritize projects using high technology, assembling electronic components, telecommunications, and information technology. The workforce is about 15,300 people. In addition, Thanh Hoa also asked for opinions from ministries and branches on the 1/2000 scale construction zoning project of Giang Quang Thinh Industrial Park, Thieu Hoa district. This industrial park consists of 2 main zones, total area of 350 hectares.
Hai Duong: There are 2 more industrial clusters with a total area of more than 134 ha
According to decision No. 981/QD-UBND of Hai Duong province, Viet Hoa Western industrial cluster has an area of 59.9 ha, with a total investment of more than 732 billion VND in Viet Hoa ward. The investor is Tan Hung Co. Lt.. Phase I of the project will be implemented from Q2/2024 to the end of Q4/2025, phase II from Q1/2026 to the end of Q1/2028. For the establishment of Thai Tan industrial cluster, according to decision No. 979/QD-UBND of the province, the project is located in Thai Tan, Nam Hong and Hong Phong communes, Nam Sach district. The project has an area of about 75 ha, with a total investment of more than 1,000 billion VND. The investor is Global Real Estate Investment JSC.
Source: Catherine Huỳnh
