INDUSTRIAL MARKET
Vietnam: “Catching the wave” of digital transformation and green transformation in the Industrial Park Real Estate
A report by the World Bank shows that countries applying high technology to industrial parks can increase foreign investment attraction by 30%. The ability to access cheap green capital and the commitment of countries to reduce CO2 emissions, moving towards net zero emissions by 2050 will also promote the application of digital transformation and green transformation in the Industrial Park Real Estate sector to take place faster and stronger.
Vietnam: Proposal to apply special procedures to high-tech projects
The Ministry of Planning and Investment is seeking opinions on amending and supplementing four laws related to investment. In particular, the proposal is for high-tech investment projects to apply special investment procedures with licensing procedures within 15 days. Projects included high-tech projects (research & development centers; semiconductors, chips, new technology batteries), investment in industrial parks, high-tech zones and functional areas in economic zones.
Hanoi: T&T Group starts construction of Hanoi’s largest Industrial Cluster
On September 9, 2024, the People’s Committee of Phuc Tho district and T&T Group officially started the project to build technical infrastructure for the Nam Phuc Tho Industrial Cluster – phase 1. According to the plan, the project has a scale of 41.7 ha, implemented in Tam Hiep commune and Ngoc Tao commune, Phuc Tho district. The project is oriented to become a multi-industry industrial cluster, mainly clean industry, small and medium scale and causing little environmental pollution.
Kien Giang: Focus on developing infrastructure of Industrial Parks
To achieve the set goals, on the basis of the industrial parks whose development planning for the period 2021 -2030, with a vision to 2050, Kien Giang will review, adjust and supplement the planning for the development of industrial parks in a way that is consistent and synchronous with the general planning of the province and localities; effectively use land use planning; planning of industrial parks must be highly feasible and must carry out site clearance well for investment; …
Ba Ria – Vung Tau: Phat Dat restarts Industrial Real Estate segment
Phat Dat Real Estate Development JSC and Thanh Binh Phu My JSC have just signed a strategic cooperation agreement to develop real estate projects in Industrial Park – Logistics, Housing – Trade and Services. The two parties will cooperate to develop and build industrial parks according to the model of exemplary, ecological industrial parks and apply information technology in management and operation similar to the current model of Phu My 3 specialized industrial park.
Binh Dinh: Establishment of a new Industrial Cluster of over 18 hectares
The People’s Committee of Binh Dinh province has just approved the investment policy for the Project of Construction and Business of Technical Infrastructure of Bui Thi Xuan Industrial Cluster (expansion). The project covers an area of over 18.3 ha, of which industrial production land is over 12.7 ha, located in Area 8, Bui Thi Xuan Ward, Quy Nhon City. The completion time is within 36 months. The project has a total estimated investment of VND 85.32 billion.
Thai Binh: Approval of investment in Hung Phu Industrial Park Project
On September 13, the Deputy Prime Minister signed Decision No. 971/QD-TTg on the investment policy of the Hung Phu Industrial Park Infrastructure Development Investment Project, and approved the investor, Geleximco Hung Phu Industrial Park JSC. It is implemented in Nam Hung commune, Tien Hai district, Thai Binh with a total investment capital of VND 1,939.641 billion. The project’s operating period is 50 years from the date the project is approved.
Bac Giang: Approval of investment in Chau Minh – Bac Ly – Huong Lam Industrial Park Project
On September 13, Deputy Prime Minister signed Decision No. 972/QD-TTg on the investment policy for the project to invest in construction and business of infrastructure of Chau Minh – Bac Ly – Huong Lam Industrial Park Phase 1. Accordingly, the investor is Hightech Infrastructure Investment & Development JSC. The project area is 105.5 ha and located in Chau Minh commune, Huong Lam, Hiep Hoa district with 1,256.155 billion VND in investment capital.
Long An: Investing 200 million USD to build a Wind Power Equipment Manufacturing Factory
On September 10, at Long An International Port, Dong Tam Group (Vietnam) and CS Wind Group (Korea) signed a memorandum of understanding to lease 50 ha of land in the Long An Southeast Asia Industrial Park. CS Wind Group will build a manufacturing plant, an assembly yard for offshore and onshore wind tower equipment, and supply the global market on a large scale in the world. The total investment capital is about 200 million USD.
Ha Tinh: Taiwanese Group plans to Invest in a $100 Million Factory
On September 11, a representative of Dai Loi Pho Group -a Taiwanese (Chinese) investor, said that the company plans to build a factory with a total investment of $100 million in Lac Thien Industrial Park with an expected area of about 30 hectares. The factory will create jobs for about 4,500 – 5,000 workers. In addition, the group plans to expand another factory in Ha Tinh, 20km from the project after the factory here comes into operation.
Quang Ninh: The first automobile manufacturing and assembly plant will be operationed by the end of 2024
Thanh Cong Viet Hung Automobile Factory in Viet Hung Industrial Park is in the final stages of completing the final items to put into operation by the end of 2024. The project has a total area of nearly 400 ha. The complex has areas such as automobile manufacturing and assembly plants with areas of 36.5 ha and 31 ha; port areas of 14.27 ha, CKD warehouse of 26.08 ha, finished vehicle warehouse of 29.39 ha, R&D area of 18.7 ha, battery and engine factory of 22 ha, auxiliary area of 83 ha, service area.
Bac Ninh: Samsung invests another 1.8 billion USD
On September 15, Bac Ninh will officially hand over a Memorandum of Understanding for Samsung Display Vietnam’s project to produce screens and electronic components in Yen Phong Industrial Park, with a total investment of about 1.8 billion USD. Samsung began investing in Bac Ninh in 2008 with an initial capital of 670 million USD. After more than a decade, Samsung has become the largest foreign direct investor in Vietnam, with a total investment of more than 22.4 billion USD.
LOGISTICS MARKET
Vietnam: Foreign Enterprises Expand Logistics Services
Vietnam will continue to play a key role in manufacturing and logistics hubs in the long term, as foreign logistics companies invest here. Foreign companies are stepping up investment in Vietnam’s logistics market to exploit the potential of cross-border trade transportation. Forecasts show that Vietnam’s freight/logistics market is expected to grow at a rate of 6.64% between now and 2032. These positive indicators further strengthen Vietnam’s position as a hub for logistics activities in the region.
Vietnam: Export turnover of goods to the Japanese market reached over 16 billion USD
According to statistics, in August 2024, Vietnam’s export turnover of goods to the Japanese market reached over 2.27 billion USD, down 1.6% compared to the previous month. In the first 8 months of 2024, it reached 16.01 billion USD, up 4.8% over the same period last year. On the Japanese side, Vietnam ranked 8th in the list of Japan’s largest suppliers of goods, however, the import turnover of goods from Vietnam only accounted for 3.3% of the total import value of goods of this country.
Vietnam: When will the Lao Cai – Hanoi -Hai Phong Railway start?
The 380km railway project connecting Lao Cai, Hanoi and Hai Phong is expected to be approved in 2025 and construction will begin in 2027. The railway will be built as a double track, 1,435mm gauge, with an estimated total investment of about 11 billion USD. The railway is designed with a maximum speed of 160 km/h, passing through 9 provinces and cities including Lao Cai, Yen Bai, Phu Tho, Vinh Phuc, Hanoi, Hung Yen, Hai Duong, Hai Phong and Quang Ninh.
Ho Chi Minh: Simultaneously deploying the construction of 8 Logistics Centers
HCM People’s Committee has just issued a plan to implement investment in developing logistics infrastructure, and seaport warehouses. From now until 2030, the City will focus on implementing 8 logistics center projects, including: Cat Lai Logistics Center; Linh Trung Logistics Center; Long Binh Logistics Center; Can Port – High-tech Park Logistics Center; Tan Kien Logistics Center; Hiep Phuoc Logistics Center; Cu Chi Logistics Center; Binh Khanh Logistics Center.
Source: Catherine Huỳnh
