INDUSTRIAL & LOGISTICS
Vietnam: Large businesses race to build Data Centers
The explosion of artificial intelligence, online television services and online games has increased the demand for data center providers in Vietnam. In 2022, Vietnam enacted a data law requiring companies such as Alibaba, Microsoft, Google and Amazon to store user data in the country.
According to Research and Markets, Vietnam’s data center market generated revenue of 685 million USD in 2023 and is expected to grow to 1.44 billion USD in 2029 with a compound annual growth rate of 13, first%. Domestic companies such as Viettel IDC, NTT Global Data Centers, FPT Telecom, CMC Telecom, and VNPT currently dominate the market.
Vietnam: Chinese businesses move their supply chains to Vietnam
According to the South China Morning Post, the problem of shifting supply chains of Chinese enterprises does not stem from production capacity, but from strategic efforts to prevent increasing political risks. Increase and retain Western customers.
This newspaper believes that many foreign customers are increasingly worried and cautious about the supply chain, causing Chinese businesses themselves to need to expand their supply chains to many other countries outside of China.
However, when Chinese manufacturers move to Vietnam, businesses in the Vietnamese supply chain will face enormous pressure.
Vietnam: Foreign enterprises account for 75% of Vietnam’s logistics industry supply
In recent years, the modern warehousing market in Vietnam has recorded the active participation of both domestic and foreign investors in the development of large-scale logistics. The most active units include: Mapletree, SLP, JD Property, Gemadept and Transimex. Foreign investors will account for over 75% of the market share of warehouse and factory floor space for rent by 2023. According to FiinGroup, there will be 25 warehouse and factory projects about to be implemented in the period 2024-2027, the total additional area 1,870 million m2. The annual growth rate of modern logistics area is forecast to remain at 7% during this period.
Vietnam: Maritime Administration removes difficulties for seaport, shipping businesses
The Vietnam Maritime Administration also issued a document directing port authorities and maritime branches to strengthen monitoring of service prices at seaports, prices and surcharges in addition to the price of container shipping services by sea; Closely coordinate with associations, seaport businesses, shipping businesses, import-export businesses, and relevant authorities in closely monitoring the congestion situation at ports , the situation of providing container shells to serve import and export goods, periodically reporting to the Vietnam Maritime Administration to provide timely solutions.
Vietnam: Enterprises racing to make Industrial Real Estate
Over time, industrial real estate has demonstrated its potential through stable development and is forecast to continue to grow strongly. Many large investors in urban and housing construction such as DIC Corp, Phat Dat, Ha Do, Khang Dien… have quickly entered the race to develop this segment. Typically: DIC Holdings, a member of DIC Corp, has cooperated with Van Thuong Industrial Park Infrastructure Development Company Limited to construct a 400-hectare project infrastructure in Phu My town, Ba Ria – Vung Tau. Similarly, Khang Dien Housing Investment and Trading Joint Stock Company also heated up the industrial real estate race with the Le Minh Xuan Industrial Park project in Ho Chi Minh City;…
Vietnam: The transformation of Vietnam’s FDI structure
The shift in Vietnam’s FDI structure to higher value-added industries such as electronics, components, solar products and automobiles is a driving force for the North, with this region being a source of revenue. attracts the most industries. The majority of land lease contracts in the North are large land leases from Chinese and Taiwanese manufacturers in projects producing electronic components and solar energy. The South receives investment in food, beverages, rubber, plastic, consumer goods, construction materials, textiles and apparel; Many of those contracts are for renting ready-built factories or smaller rental areas compared to the North.
Vietnam: Differences in Industrial Real Estate supply between the North and South
ndustrial real estate rental prices in both the North and South of Vietnam are expected to continue to increase this year, although the supply between these two industrial centers is different. In 2024, the Northern region has a more abundant supply due to a faster site clearance process with many land plots successfully converted from agricultural land. In contrast, the South struggles with shortages of construction materials and sand, and has to go through a slower approval and permitting process from provincial governments.
Ho Chi Minh: Accelerating development of Logistics industry
Ho Chi Minh City will establish a “Council for the development of transportation services, warehousing, port and logistics systems in Ho Chi Minh City” to accelerate the construction process of 08 logistics centers planned in the areas cargo port area, industrial park in the city… Department of Planning and Investment completes the coordination process to establish a logistics center in Ho Chi Minh City by 2025, with a vision to 2030. Time to submit to the City People’s Committee before November 30, 2024.
Quang Tri: Proposal to bring the Quang Tri Industrial Park project into the Southeast Economic Zone
According to the leader of Quang Tri Development Joint Venture Co., it has been nearly 6 months since the Prime Minister approved the planning of Quang Tri province, therefore, the Company petitioned Quang Tri People’s Committee and the EZ Management Board will soon promote the next steps to bring Quang Tri IP into the Southeast Quang Tri EZ. It has a land use scale of 481.2 ha; Total project investment capital is 2,074 billion VND. In phase 1, the project has an area of 97.4 ha; Total investment capital is about 504 billion VND; Implementation progress 2021-2025.
Thanh Hoa: There will soon be an additional industrial park of nearly 350 hectares
Thanh Hoa Provincial People’s Committee has just issued Decision No. 2526/QD-UBND approving the 1/2000 scale construction zoning project of Giang Quang Thinh Industrial Park. Accordingly, the planning scope includes a part of the administrative boundaries of Thieu Giang, Thieu Quang, Thieu Thinh and Thieu Hop communes, Thieu Hoa district. The planning area is about 348.88 ha. This is a multi-industry industrial park, with priority given to high-tech industry; manufacturing, processing, mechanical, and automobile industries; pharmaceutical industry; food industry… Labor scale is about 30,000 people.
INDUSTRIAL
Hanoi: Proposed cancel of Hanoi High-tech Agricultural Park
Voters asked Hanoi to cancel the planning of a 75ha high-tech agricultural zone in Yen Nghia ward, because the current planning is not suitable for urban development and local needs for creating land funds. to serve the people. The project has an area of 75.9 hectares divided into areas: research center land area, application of high-tech agricultural production technology transfer and agricultural trade promotion in the city. Hanoi with 9.88 hectares; agricultural production land applying high technology of 66.05 hectares.
Tien Giang: Approving the policy of Tan Phuoc 1 Industrial Park project
The Prime Minister has just approved the policy of the Tan Phuoc 1 Industrial Park project. This is the second industrial park in the Dong Thap Muoi region. IDICO Tien Giang JSC is the project investor. Accordingly, Tan Phuoc 1 Industrial Park Project has an investment capital of nearly 6,000 billion VND, scale of 470 hectares, in Tan Lap 1 commune, Tan Phuoc district, Tien Giang province; The project’s operating term is 50 years.This is an industrial park built on land that is still highly contaminated with alum; In which there is an area where local people grow pineapples, rice and some fruit trees.
Thanh Hoa: Replaces the investor of the project to build and exploit the infrastructure of Industrial Park No. 3
The Deputy Prime Minister has just signed Decision No. 525/QD-TTg adjusting the investment policy of the project to build and exploit the infrastructure of No. 3 IP – Nghi Son EZ, Thanh Hoa province. Accordingly, the previous investor of the project was the Central Construction Group JSC, now it has been adjusted to become the investor of Nghi Son IP No. 3 Infrastructure Investment and Exploitation Company Limited. The investor ensures to complete investment in construction of the project’s technical infrastructure within the investment project implementation schedule in the Q4/2025.
Binh Dinh: Indus Coffee plans to build an 80 million USD coffee factory
Recently, Indus Coffee Company – Food Empire Holdings Group came to Binh Dinh to survey and expressed their desire to invest in building an export instant coffee processing factory on an area of about 8 -10 ha, with a total investment capital Invest 80 million USD. Indus Coffee belongs to Food Empire Holdings Limited (FEHL), Singapore, has a revenue of more than 250 million USD, leading many countries in coffee and coffee products. The province will create the best conditions for Group to invest and develop sustainably. At the same time, we commit to be responsible for connecting and supporting the Group in quickly resolving investment and construction procedures.
Ninh Thuan: EDP Renewables Group is interested in investing in energy projects
At the meeting with Ninh Thuan, representatives of EDP Renewables Group expressed their desire to invest in renewable energy locally. Currently, the Group owns and operates 2 solar power plants in Ninh Thuan with a total capacity of 418 MWp including Xuan Thien (250 MWp) and CMX Sunseap Vietnam (168 MWp). At the same time, the Group is planning to invest 1 billion USD to develop renewable energy in Vietnam in 2025; wishes to prioritize renewable energy investment in Ninh Son and Bac Ai districts,. The province has assigned relevant departments and branches to guide and support the Group in researching and moving towards implementing investment in renewable energy projects in the province.
Source: Catherine Huỳnh
