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WEEKLY VIETNAM NEWS RECAP ( from August 12 to August 18, 2024)

22/08/2024 - 66

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——— INDUSTRIAL MARKET ————

Vietnam: A series of “big guys” invest in semiconductor projects in the Southeast

Recently, BE Semiconductor Industries N.V. received an investment certificate with a capital of more than 115 billion VND in the first phase. In mid-May 2024, Marvell announced the opening of another chip design center in Da Nang and is preparing to open another center in Ho Chi Minh City. In the first 7 months of 2024, Dong Nai granted investment certificates to projects in the field of semiconductor technology of Coherent Vietnam Co., Ltd.;…

Bac Ninh: Preparing 11,638ha of land fund to call for investment in 167 projects

The People’s Committee of Bac Ninh province has just approved and announced a list of 167 projects to attract investment in province in 2024, with a vision to 2030. Of which, there are 5 projects in the agricultural sector, 36 trade and service projects, 83 housing – urban area projects, 27 social housing projects, 12 infrastructure projects in industrial parks & clusters and 4 projects in sports, culture, clean water and environment. The total land use area is about 11,638ha.

Bac Ninh: Johnson Group plans to build a$100 million sports equipment factory

A representative of Johnson Group (Taiwan – China) said that the group hopes to establish the world’s largest complete sports equipment manufacturing and assembly base in Bac Ninh. Since 2019, Johnson Group has invested in a project in Thuan Thanh II Industrial Park with a scale of 10 hectares, a total investment of 50 million USD, and a revenue of 60 million USD/year. Johnson Group is one of the most famous manufacturers of high-quality sports equipment in the world.

Hai Duong: Urgently develop a Project to establish a Specialized Economic Zone

According to the draft, the minimum investment capital requirement for basic construction for the entire specialized economic zone is about 78,000 billion VND in the entire period of 2021-2035. The total area of the project is 5,300 ha in Binh Giang district. The proposed time for the project to be established is the Q4/2024. Accordingly, in the period of 2024-2025, the Master Plan and some 1/2000 construction zoning plans for important zonings will be completed,…

Hai Duong: Approval of zoning plans for 3 Industrial Parks

On August 12, the People’s Council of Hai Duong province approved resolutions on the tasks of zoning plans for 1/2000 Hoang Dieu Industrial Park (Gia Loc district) with a scale of 250ha, Hung Dao Industrial Park (Tu Ky district) with a scale of 200ha and approved the zoning plan for Tan Truong Industrial Park (Cam Giang district) with an expansion of more than 112ha. All zones are multi-industry industrial parks aiming to attract investment projects in industrial production with high added value…

Hai Phong: VB Home plans to invest nearly 2,900 billion to build a 200ha Industrial Park

VB Home Housing Development JSC has just issued a document proposing to conduct research and survey and prepare a dossier requesting approval of the investment policy for the project of An Hoa Industrial Park. The proposed research and survey area is about 200 ha, within the administrative boundaries of An Hoa Commune, Tan Hung Commune, Hung Nhan Commune, Vinh Bao District. The total estimated investment capital is about 2,877 billion VND.

Can Tho: Foreign enterprises are about to ‘pour’ 200 million USD into VSIP Can Tho Industrial Park

A representative of VSIP Can Tho Joint Stock Company said that so far, 19 enterprises from the US, Japan, Singapore, Korea, Malaysia, China… have signed a memorandum of understanding to invest in the industrial park, with a land lease area of about 100 ha, total investment capital of about 200 million USD. It is expected that in the Q1/2025, VSIP will sign a lease contract with customers and carry out investment procedures, hand over land to build a factory in the Q3/2025.

Dong Nai: Investing in the construction of a new Phuoc An Industrial Park

On August 16, Deputy Prime Minister Tran Hong Ha signed Decision No. 862/QD-TTg approving the Local Adjustment of the Master Plan for the new urban area of Nhon Trach, Dong Nai province until 2035, with a vision to 2050 (on technical infrastructure and industrial parks). Accordingly, the land function in the port logistics service subdivision and Phuoc An port will be adjusted to industrial land; and a new Phuoc An industrial park will be built.

———- LOGISTICS MARKET ————

Vietnam: E-Commerce Cross-Border brings Vietnamese goods to the global market

According to the Director of the Department of Digital Economy and Digital Society, Vietnamese digital technology enterprises have also built B2B e-commerce platforms, connecting with the world’s major e-commerce platforms such as Amazon, Alibaba, Timo… so that goods on Vietnam’s e-commerce platforms will also appear on the world’s major e-commerce platforms, thereby connecting buyers directly with sellers as well as manufacturers.

Tien Giang: Groundbreaking ceremony of An Huu –Cao Lanh Expressway Component 2

On August 12, in Tan Hung Commune, Cai Be District, Tien Giang Provincial People’s Committee held the Groundbreaking Ceremony of An Huu – Cao Lanh Expressway Component 2. The project has a total length of over 11 km; of which, the section through Dong Thap is 3.8 km and the section through Tien Giang is 7.63 km; with a total investment of VND 3,856 billion, with Tien Giang Provincial People’s Committee as the managing agency.

Binh Duong: Inauguration of the East-West Main Road Project connecting Binh Duong with HCM 

On August 14, Binh Duong Province inaugurated the East-West Main Road Project connecting Binh Duong with HCM. The project is 3 km long, connecting Di An City with HCMC to the new Eastern Bus Station and stations of the Ben Thanh – Suoi Tien metro line. The road has been widened from 12 m to 32 m with 6 lanes. The total investment is 730 billion VND. But there is still a 50 m long section connecting to Hanoi Highway on the Ho Chi Minh City side that is still stuck in site clearance.

Lang Son: Prime Minister approves Smart Border Gate pilot project

On August 17, the Prime Minister issued Decision No. 865/QD-TTg approving the pilot project to build a smart border gate at the Huu Nghi (Vietnam) – Huu Nghi Quan (China) international border gate pair.
The project’s objective is to build a smart border gate at the dedicated freight transport road in the area of landmarks 1119-1120 and the dedicated freight transport road in the area of l andmarks 1088/2-1089.

Source: Catherine Huỳnh

 

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