INDUSTRIAL
Vietnam: More than 15 billion USD poured into Vietnam in the first 6 months of 2024
According to data recently announced by the Foreign Investment Agency, total foreign investment capital registered in Vietnam in the first 6 months reached nearly 15.2 billion USD, an increase of 13.1% over the same period in 2023. Of which, there are 1,538 new projects granted investment registration certificates, with a total registered capital of nearly 9.54 billion USD, an increase of 18.9% in the number of projects and an increase of 46.9% in capital compared to the same period last year. The processing and manufacturing industry led with a total investment capital of nearly 10.69 billion USD, accounting for 70.4% of total registered investment capital, an increase of 26.3% over the same period.
Vietnam: Many trillion-dollar corporations plan to invest in an industry in Vietnam
According to research company Technavio, the semiconductor market in Vietnam is expected to grow by 1.65 billion USD by 2025, with a growth rate of about 6.5%per year. To attract large corporations, in recent years, Vietnam has taken many actions to promote innovation such as: Building priority policy mechanisms to promote innovation and entrepreneurship; Build development strategies and programs, focusing on digital economy, green economy, circular economy, sharing economy, knowledge economy, especially industries that bring high added value such as data. big data, cloud computing, artificial intelligence (AI), semiconductor chips, hydrogen…
Vietnam: IPs and EZs in the Southwestern attract nearly 18,000 billion VND
Currently, the entire Block emulates the Management Boards of Industrial Parks, Export Processing Zones, and Economic Zones in the Southwest region with 122 Industrial Parks, Export Processing Zones, and EZs, with a total area of 137,516 ha. Of these, 52 IPs, export processing zones, and EZs have been put into operation with a total area of 106,874 ha. In the first 6 months of 2024, the entire Block has attracted investment in 67 new investment projects, equivalent to the same period, total investment capital increased by about 17,984 billion VND, equal to 58% over the same period; Industrial production value reached 183,650 billion VND, equal to 123% over the same period; …
Hanoi: Adding 8 Industrial Clusters to the Planning
Hanoi Department of Industry and Trade has coordinated with District People’s Committees to carry out procedures to add 8 Industrial Clusters (IC) to the Hanoi Industrial Complex Planning by 2020, with a view to 2030; Organized the start of investment in technical infrastructure of 4 ICs, bringing the total number of ICs that have been started to 24 out of 43 ICs that have had decisions to establish in the 2018-2020 period. Regarding planning work, Hanoi has basically completed the industry development plan in the fields of commerce, electricity, petroleum, logistics, industrial cluster, and industry.
Da Nang: Calling for investment in many “huge” projects
The People’s Committee of Hoa Vang district (Da Nang) calls on companies and corporations to invest in construction in 6 large projects, including: Hoa Vang district urban area with a scale of 229.1 ha; Hoa Nhon Industrial Cluster has a scale of 24.7 ha; Hoa Phuoc wholesale market 30.9 ha; Hoa Ninh Industrial Park 400 ha; Hoa Nhon Dry Port Center – Logicstic with scale of 20 ha; 3 agricultural areas applying high technology in the communes of Hoa Khuong, Hoa Phu, Hoa Phong. These are all projects approved in the “Da Nang City Planning for the period 2021-2023, vision to 2050”.
Long An: There will be 51 Industrial Parks by 2030, ranking second in the country
The Department of Industry and Trade of Long An has just announced planning information on industrial cluster technical infrastructure investment projects in the province for the period 2021-2030 to attract investment. Accordingly, by 2030, Long An province will have 51 industrial parks and 28 new industrial clusters. The province will focus on developing the fields of processing industry, manufacturing and renewable energy; Focus on developing a number of key industries such as metal production and prefabricated metal products, mechanical engineering, food processing, electronic products, chemicals and chemical products, and energy …
Ha Tinh: Commencement of Bac Thach Ha Industrial Park
On June 25, the People’s Committee of Ha Tinh province coordinated with VSIP Group to hold a groundbreaking ceremony for the Bac Thach Ha Industrial Park infrastructure investment and construction project. The project land use scale is 190.41 ha, located in Thach Lien and Viet Tien communes of Thach Ha district, with a total investment of more than 1,555 billion VND. The project is expected to be a “magnet” to attract investors operating in the fields of light industry and high-tech industry such as electricity and electronics, semiconductors, precision mechanics, garments, and shoes. leather, energy, electric vehicle batteries, metals, auto parts, food processing, logistics services, factories for rent…
Thanh Hoa: Approved Giang Quang Thinh Industrial Park
The People’s Committee of Thanh Hoa province has just signed and issued Decision No. 2526/QD-UBND on approving the 1/2000 scale construction zoning project of Giang Quang Thinh Industrial Park. The planning area is about 348.88 ha and the planning scope is part of the administrative boundaries of Thieu Giang, Thieu Quang, Thieu Thinh and Thieu Hop communes, Thieu Hoa district. This is a high-tech industrial park with industries such as manufacturing and processing industry, mechanics, automobiles, pharmaceutical industry, food industry… with a scale of about 30,000 employees.
Thanh Hoa: There will soon be another Industrial Park in the West of Thanh Hoa city
Recently, the People’s Council of Thanh Hoa province issued a Resolution approving the 1/2000 scale construction zoning project of the Western Industrial Park of Thanh Hoa city. Accordingly, the scope of planning is within the administrative boundaries of Dong Hoa, Dong Yen, Dong Van, Dong Phu communes (Dong Son district) and Dong Tien and Dong Thang communes (Trieu Son district). The planning area is about 645.2 ha. This is a multi-industry industrial park, applying environmentally friendly high technology, aiming for industry 4.0. The scale of labor in project is about 30,000 – 40,000 people.
Quang Nam: Vincent land Group wishes to develop a 200ha Industrial Park
Vincent land group JSC has submitted a proposal to the People’s Committee of Quang Nam province and the economic zone management board of Chu Lai open economic zone to consider accepting the policy of allowing Vincent land to research and invest in building an industrial park with scale from 200ha to 300ha in Thang Binh district of Chu Lai EZ. The enterprise commits to focusing all financial and human resources to coordinate with domestic and foreign partners to deploy construction investment as well as put the industrial park into operation to effectively exploit the land fund.
Hung Yen: Central Retail starts construction on GO! hung Yen
On June 26, Central Retail Vietnam, part of Central Retail Group (Thailand), started construction on the GO! Hung Yen, marks the 43rd member of the Central Retail Group’s Commercial Center chain in Vietnam.
The project has a total area of nearly 16,000 squaremeters with 2 commercial floors, built with a multi-utility model to meet all customer needs through services and utilities from domestic and foreign brands. water. As planned, GO! Hung Yen will be completed and put into operation in 2025.
Hung Yen: Attracted an additional 544.29 million USD in FDI in the first 6 months of the year
As of June 20, Hung Yen province has 578 foreign-invested projects registered to operate, with a total registered capital of over 7.5 billion USD; Of which, from the beginning of the year until now, there have been 32 newly registered projects with a registered capital of 544.29 million USD. The main investment capital is Japan with 176 projects, with registered capital of 3.8 billion USD, accounting for 50.98% of total registered capital; Korea has 154 projects, with registered capital of over 900 million USD, accounting for 11.88% of total registered capital; …
Bac Ninh: Foxconn invested nearly 400 million USD to build another factory
Bac Ninh has approved and issued an investment registration certificate for the FCPV Foxconn Bac Ninh project in Nam Son – Hap Linh Industrial Park, Tien Du district, Bac Ninh province. The project is invested with the goal of producing electronic components, specializing in manufacturing, assembling, and processing printed circuit boards (PCB) with a total capacity of 2,793,000 products/year, equivalent to 2,989 tons. /year. The total land area for project implementation is 142,693.3 m² with total project investment capital of 9,456.75 billion VND, equivalent to 383.33 million USD.
Binh Dinh: Investment in wood and furniture processing factory worth 823 billion VND
Binh Dinh People’s Committee has just approved the investment policy simultaneously with the investor approval of the Project of Bio-pellet manufacturing and wood interior materials processing factory invested by Nhon Tan Company; with a total investment capital of the project of more than 823 billion VND. It is implemented at Van Canh town industrial cluster (phase 3), Van Canh town, Van Canh district. The land area expected to be used is more than 20 hectares (phase 1 is more than 9.7 hectares, phase 2 is more than 10.2 hectares). Phase 1 will go into production in the fourth quarter of 2025; Phase 2 will complete the project and go into operation in the fourth quarter of 2026.
Tien Giang: Industrial Parks attract nearly 68 million USD in investment capital
n the first 6 months of 2024, industrial parks in Tien Giang province attracted nearly 68 million USD in investment capital, including the issuance of new investment registration certificates for 3 projects with f FDI with a total registered investment capital of 24 million USD; Adjusted investment registration certificates for 31 projects, of which 6 projects adjusted to increase investment capital with a total investment capital increase of nearly 44 million USD. Revenue of FDI enterprises reached more than 1,836 million USD, an increase of 30.56% over the same period; Revenue of domestic enterprises reached nearly 3,223 billion VND, an increase of nearly 48% over the same period.
LOGISTICS
Vietnam: The world’s major commodity production center
From a trade deficit country, Vietnam has gradually transformed into a trade surplus country. By 2023, Vietnam recorded the 8th consecutive year of trade surplus with a value of nearly 30 billion USD, becoming a major commodity production center. of the world. In the first 6 months of 2024, total import-export turnover reached 369.7 billion USD, of which exports increased by 14.2% to 189.5 billion USD; Imports were 180.2 billion USD, an increase of 18.1%, trade balance of goods had a surplus of 9.3 billion USD.
Vietnam: Officially opens bilateral border gate pair Hoanh Mo (Vietnam)- Dong Trung (China)
According to the Minister of Transport, Vietnam is focusing on developing the construction of a North-South high-speed railway with a length of more than 1,500km with expected implementation soon before 2030, around 2026 – 2027. Besides, Government is also drastically directing the construction of urban railway and metro systems in Hanoi and HCM. In addition, the Government of Vietnam and China are directing 3 railway projects connecting the two countries and plan to cooperate to build the first railway line in mid-2025, which is the Lao Cai – Hanoi – Hai Phong route.
Vietnam: Will build North-South High-speed Railway in 2026 – 2027
According to the Minister of Transport, Vietnam is focusing on developing the construction of a North-South high-speed railway with a length of more than 1,500km with expected implementation soon before 2030, around 2026 – 2027. Besides, Government is also drastically directing the construction of urban railway and metro systems in Hanoi and HCM. In addition, the Government of Vietnam and China are directing 3 railway projects connecting the two countries and plan to cooperate to build the first railway line in mid-2025, which is the Lao Cai – Hanoi – Hai Phong route.
Dong Thap: My An – Cao Lanh Expressway is expected to start construction at the end of 2024
My Thuan Project Management Board said that the My An – Cao Lanh Expressway construction investment project phase 1 passes through Cao Lanh and Thap Muoi districts (Dong Thap) with a length of nearly 27 km, total investment of more than 6,100 billion VND expected to start construction in December 2024. The unit has submitted a written report on the project implementation plan with a number of key milestones such as approval of technical design and estimates of construction and installation packages before end of August 2024 and expected to start construction (end of December 2024).
Hai Duong: Expected investment of over 1,400 billion VND to build the second Logistics Center
The People’s Committee of Hai Duong province is considering giving opinions on the proposed investment policy to implement the project “Logistics service center, petroleum and cargo port, petroleum warehouse, commercial service area” in Minh Hoa commune, Kinh Mon town. The project uses over 348,000 sqm of land with a total investment capital of over 1,438 billion VND; Construction is expected to be completed and put into operation in 2027. The project implementation term is 50 years, from the date of approval of the investment policy. The investor of the project is Duc Duong Limited Liability Company, headquartered in Kinh Mon town, Hai Duong.
Source: Catherine Huỳnh
