INDUSTRIAL MARKET
Vietnam: Promoting Cooperation in developing the Vietnam-Taiwan (China) Cold Chain
Vietnam’s cold storage market is forecast to reach 295 million USD by 2025, with an annual growth rate of 12%. This growth rate reflects the shift in increasing consumer demand for fresh food and pharmaceuticals that are properly stored and preserved. While Vietnam attracted 5.5 billion USD of FDI capital into the logistics industry in 2021, Taiwan (China) has also invested more than 100 million USD in developing logistics technology in the past 5 years.
Vietnam: Vietnam and UAE to sign Comprehensive Economic Partnership Agreement
The Ministry of Industry and Trade and relevant ministries have met with the Ministry of Economy of the United Arab Emirates (UAE) to reach an agreement on the final contents of the Comprehensive Economic Partnership Agreement (CEPA). Accordingly, the two sides agreed to report to the competent authorities of the two countries on the results of the discussions at the ministerial level in order to soon complete the entire negotiation process and officially sign the Agreement as soon as possible.
Vietnam: Supporting Industrial Park Enterprises to Practice IFRS
On March 16, 2020, the Ministry of Finance of Vietnam officially issued Decision No. 345/QD-BTC approving the “Project to apply International Financial Reporting Standards (IFRS) in Vietnam”. The roadmap for applying IFRS in Vietnam is divided into 3 main stages: preparation stage (2020 – 2021: raising awareness of IFRS); voluntary IFRS application stage (2022 – 2025: testing, evaluating and completing the conversion process) and mandatory IFRS application stage (from 2025).
Binh Duong: The 3rd generation Industrial Park solving the problem of gradually depleted land fund
According to the Binh Duong Provincial Planning for the period 2021-2030, with a vision to 2050, Binh Duong will become one of the dynamic and comprehensive development centers of the Southeast Asian region. Accordingly, the planning of Area 3 in the dynamic space to create breakthroughs (Bac Tan Uyen, Phu Giao, Dau Tieng districts) will form 3rd generation industrial parks
(IPs), attracting the development of industrial real estate models: urban – industrial – ecological services.
Can Tho: Establishment the Management Board of the Concentrated Information Technology Park
Can Tho City People’s Committee has just issued Decision No. 1705/QD-UBND to establish the Management Board of the Can Tho City Concentrated Information Technology Park. The project has an area of 200,219 sqm, located in Hung Thanh Ward, Cai Rang District; invested by the Can Tho City Development Investment Fund. The project is subject to preferential policies stipulated in Decree No. 154/2013/ND-CP and other preferential policies applicable to concentrated information technology parks.
Bac Giang: Adjusting the progress of investment for many Industrial Clusters
The People’s Committee of Bac Giang province has just issued decisions to adjust the progress of a number of investment projects in the construction of technical infrastructure for industrial clusters (ICs) in the area. The projects include: Thanh Son IC (Son Dong); Phuong Son IC (Luc Ngan); Phuong Son – Dai Lam IC (Luc Nam and Lang Giang districts); Dai Lam IC (Southern area), Dai Lam 2 IC (both in Lang Giang district); Dong Dinh IC (Tan Yen).
Tien Giang: Tan Phuoc 1 Industrial Park expected to be operational by the end of 2025
According information from IDICO’s, Tan Phuoc 1 Industrial Park is expected to be operational by the end of 2025. Since 100% of the land area in the project is agricultural land owned by the Government, the company aims to complete site clearance for Phase 1 (about 360ha) by the end of 2024 or early 2025 and the remainder by 2026. It has a scale of 470 ha, with a total investment of more than VND 5,936 billion. It is located in Tan Lap 1 commune, Tan Phuoc district, Tien Giang province.
Soc Trang: Approval of the Dai Ngai Industrial Park Zoning Plan
The People’s Committee of Soc Trang province has just issued Decision No. 1680/QD-UBND approving the Dai Ngai Industrial Park Zoning Plan, Long Phu district, Soc Trang province, at a scale of 1/2,000. The project covers an area of 196.30 ha. The estimated labor force in the planning study area is about 10,240 – 12,800 workers. This is a multi-industry industrial park, prioritizing the attraction of textile, footwear, machinery and equipment manufacturing industries for industrial production, etc.
Hau Giang: Approval of the project to build a Digital Technology Park in Hau Giang Province
On August 9, the People’s Committee of Hau Giang Province signed and issued a Decision approving the project to build a Digital Technology Park in Hau Giang Province, located in Vi Tan Commune, Vi Thanh City, with a land use area of about 1,523 ha. The total investment of the project is 50 billion VND. The project implementation progress is from 2024 to 2027. The project’s goal is to promote innovative start-up activities in the fields of information technology, agriculture, and biology.
Hau Giang: German Technology company opens 1,700 sqm Operations Center
DIGI-TEXX Vietnam, a 100% German-owned company in the field of business process outsourcing and digital services, has just put into operation its Hau Giang branch operations center. The 1,700 sqm center at the ISC Hau Giang Digital Technology Park, operating 24/7, can create jobs for more than 900 workers in this province and the Mekong Delta region. The center is equipped with a solar energy system, a KNX smart office system and a modern equipment system to help reduce carbon emissions.
Hai Phong: Granting investment certificates to Chinese Enterprises
On August 7, Hai Phong City leaders granted investment registration certificates to 7 Chinese enterprises with a total investment capital of 190 million USD. In addition to granting investment registration certificates, 4 MoU were also signed between Chinese enterprises and the Hai Phong Economic Zone Management Board and enterprises operating industrial park infrastructure in Hai
Phong. To date, Hai Phong City has 405 investment projects from China with a total capital of 6.14 billion USD.
Vinh Phuc: Signetics plans to invest 100 million USD
According to information at a recent meeting between Signetics leaders and the Chairman of Vinh Phuc Provincial People’s Committee, Signetics – one of the major suppliers of Samsung and SK has planned to invest 100 million USD in Ba Thien I Industrial Park in Vinh Phuc province, with the goal of putting the project into operation next year. Signetics’ prominent processing products include Flip-Chip, MCM (multi-chip module), BGA, FBGA… used in the production of memory chips, GPUs, TVs…
LOGISTICS MARKET
Vietnam: 1,200 km of Expressways will be added in 2025
According to the Ministry of Transport, the total number of expressway projects under construction is about 1,700 km across the country. Of which, about 1,200 km is expected to be completed in 2025, including 13 projects and component projects with a length of 736 km with favorable conditions to be completed in 2025, 10 projects/component projects with a length of 377 km need to focus on removing difficulties, construction in 3 shifts, 4 teams to complete in 2025.
Hai Duong: Investing 1,400 billion to build a Logistics Center of nearly 35 hectares
Duc Duong Company Limited will be the investor of the project of the logistics service center, petroleum and goods port, petroleum warehouse, and commercial service area. It has a total investment of more than 1,400 billion VND, using about 34.6 ha of land in Minh Hoa commune (Kinh Mon).The investor commits that if the project is approved for investment, it will promptly complete construction and put the project into operation in the Q2/2027.
Hai Phong: Aiming to become a Logistics Center of the Northern region and the world
The adjustment of the Hai Phong City Master Plan to 2040, with a vision to 2050, determines that Hai Phong’s logistics network will be about 2,200 – 2,500 hectares. The Hai Phong City Master Plan for the period 2021-2030, with a vision to 2050, clearly states that Hai Phong will be a major seaport city in the region and the world with 3 development pillars: seaport services – logistics; green, smart, modern industry and international sea tourism center.
Dong Nai: Approval of Dau Giay – Tan Phu Expressway Phase 1
The Minister of Transport has just issued Decision No. 954/QD-BGTVT approving the investment project to build Dau Giay – Tan Phu Expressway Phase 1 under the PPP method. The project has a length of 60.24 km with the starting point at Km 0 at the intersection of National Highway 1, belonging to HCMC – Long Thanh – Dau Giay Expressway, and the end point at Km 60+243.83 at the end point within the intersection with National Highway 20 connecting to the Tan Phu – Bao Loc Expressway project.
Source: Catherine Huỳnh
