HIGHLIGHTS OF INDUSTRIAL & LOGISTICS MARKET
Vietnam: Industrial Real estate continues to have positive developments
According to FERI’s report, in the first 6 months of 2024, the industrial real estate market has stable supply, steadily increasing demand and rental prices continue to go up. Specifically, the total supply of industrial real estate in the North and the South remained stable compared to the previous quarter, reaching about 14,500 ha and 27,700 ha, respectively. Occupancy rate in the North reached 83%, up 3% points year-on-year, while occupancy rate in the South reached 92%, up 1% point.
Vietnam: Pave the way for foreign capital invest in Data Centers
The Telecommunications Law that recently took effect stipulates unlimited foreign ownership of data and cloud providers. Meanwhile, many other industries are still limited to 49%. This law also creates unprecedented favorable conditions for suppliers by waiving licensing procedures and normal market entry constraints. The easing of these restrictions is seen as a direct result of other regulations, especially the Cyber Security Law…
Vietnam: Ready-built Warehouse rental prices in the North increased
Giving forecasts for the last 6 months of 2024, the modern ready-built warehouse market in the North is expected to record a significant amount of new supply with about 131,000 sqm of rental space in Bac Ninh and Hung Yen. The total market supply to more than 1.3 million sqm by the end of 2024. The market will continue to compete, posing challenges in leasing activities in the context that demand has not kept up with the growth of supply.
Vietnam: Tenants navigate Industrial Park development
According to experts, building green industrial parks to attract investment capital into green industry is a general trend, a path that industrial real estate developers must take. More than 87% of real estate occupiers surveyed across Asia-Pacific are targeting 100% green certified portfolios by 2030, up from 4% of certified portfolios currently. In Vietnam, renewable energy is increasingly receiving attention and being deployed more widely in IPs.
Vietnam: Industrial Real estate market in the next 3 years
In the next 3 years, industrial land rental prices are expected to increase 5-8%/year in the North and 3 – 7%/year in the South. Meanwhile, rental prices of ready-built warehouses/factories are forecast to increase slightly by 1-4%/year with the ready built factory segment having a higher price growth rate in the next 3 years. In the context of gloomy warehouse demand, a no. of ready-built warehouses have converted into ready-built factories…
Vietnam: Hyosung Group seeks opportunities to expand investment
After receiving the investment license for the 730 million USD biological factory project in Phu My 2 Industrial Park (Ba Ria – Vung Tau), Hyosung Group continues to look for investment opportunities in the information technology. One of the projects that the Group is targeting is the Data Center Project in HCM High-Tech Park. The project has an expected scale of 1,500 – 4,000 racks meeting Tier-3 international standards with an area of 3 ha.
Vietnam: Japanese flour giant plans to build factory in Vietnam
According to Nikkei Asia, Japan’s leading flour producer Nippn has just announced plans to build a new factory in Vietnam to supply dry ingredients to domestic food manufacturers. The factory is expected to be located near Ho Chi Minh City and will specialize in producing premixed flour for frying and baking. When completed in 2027, the factory is expected to have a capacity of about 4,300 tons per year.
Vietnam: Chinese tire group plans to increase investment capital to 1.7 billion USD
Sailun Group has invested in building a factory to produce all tire lines in Tay Ninh province, established a research and development center in HCM and established a joint venture with Cooper Tires in 2019, with a total investment capital of about 1.5 billion USD to date. Sailun Group’s leaders pledged to continue investing an additional 200 million USD in Vietnam in the coming time. Government leaders asked Sailun to continue applying the most advanced technologies.
Vietnam: There will be more than1.2 billion tons of goods transported through seaports
According to the detailed planning of seaports, ports for the period 2021-2030, with a vision to 2050, the total land use demand according to the planning until 2030 is about 33,800 ha, including seaport development areas, Can Gio international transit port area and industrial parks, logistics… associated with the port; of which, the seaport is 17,300 ha. The total water surface demand according to the planning until 2030 is about 606,000 ha.
Vietnam: Transportation, warehousing, logistics reach expectations
The added value of the transportation and warehousing industry has accounted for 4.92% of the country’s GDP (2023). The total added value of the transportation and warehousing industry accounts for an even higher proportion and ranks about 5/20 level II economic sectors. Therefore, the added value of the entire transportation, warehousing and logistics industry will contribute to the scale & growth rate of the country’s GDP.
Vietnam: Proposed inland waterway route Can Tho- Cai Mep – Cat Lai
The sample inland waterway route connecting Can Tho – Cai Mep – Cat Lai is operated in a closed cycle, in addition to reducing transportation costs and reducing road transport pressure, it also helps reduce logistics costs for businesses by about 60%
– 70%. It is forecast that by 2030, goods passing through Mekong Delta seaports will increase to 64 million tons and by 2050, it is forecast to reach 208 million tons.
Vietnam: Will approve 2 traffic projects in July 2024
According to the plan, in July 2024, two large transportation projects using public investment capital will be approved for investment, including: Dau Giay – Tan Phu Expressway; Upgrade National Highway 24B through Quang Ngai. By the Q3/2024,
investment approval for the project to renovate and upgrade the Quy Nhon channel for 50,000 DWT ships will be completed. As of early July 2024, 59/60 projects have had their policies approved.
Ho Chi Minh: Bamboo Capital starts construction on a waste in cineration plant
On July 20, Bamboo Capital Group held a groundbreaking ceremony to build the Tam Sinh Nghia waste incineration power plant in Thai My commune, Cu Chi district, HCM. With the capacity of phase 1 to burn 2,000-2,600 tons of waste/day, the project will help Ho Chi Minh City significantly reduce the pressure on waste treatment, about 20-25% of the total volume of waste generated each day will be processed.
Ho Chi Minh: Prioritizing investment and development of 93 traffic works
The HCMC Department of Transport has just sent a document to the HCMC People’s Committee on the investment and development plan for 93 traffic works that need to be prioritized for implementation in the 2024-2030 period, including expressways, expressway connecting roads, national highways, ring roads, large bridges, urban roads, inter-regional roads, waterways, etc. The total estimated investment is more than VND 276,160 billion.
Hoa Binh: Approving the planning of Yen Quang Industrial Park
Recently, the People’s Committee of Hoa Binh province approved the 1/2000 scale construction zoning project of Yen Quang Industrial Park in Quang Tien commune, Hoa Binh city with a total planning area of more than 200 ha. The project is planned into two subdivisions, the maximum combined construction density of the entire area is 46.36%, the maximum construction height is 2 – 5 floors, the maximum land use coefficient is 2.25 times.
Bac Giang: Investment in construction and infrastructure of Yen Lu Industrial Park
Deputy Prime Minister signed Decision No. 636/QD-TTg dated July 12, 2024 approving the investment policy of the Yen Lu industrial park infrastructure construction and business investment project (extension) phase 1. Western Pacific Investment Joint Stock Company is the project investor. The project is implemented in Yen Lu commune, Yen Dung district, Bac Giang province with a scale of 119.83 ha with project investment capital is 1,543,023 billion VND.
Bac Giang: Chinese energy giant invests another 300 million USD
Sunwoda Group (China) recently decided to choose Bac Giang to expand its investment scale. It is expected that Sunwoda will invest in a 300 million USD project in Yen Lu Industrial Park, attracting about 5,000 local workers, with a revenue of about 1 billion USD/year. Based on the development of manufacturing enterprises in Vietnam, the Group will have investment directions in the next stages. Sunwoda Group has been involved in the energy sector for nearly 30 years.
Ha Nam: Investing more than 2,900billion VND to Dong Van V Industrial Park
The Deputy Prime Minister has just signed Decision No. 635/QD-TTg dated July 12, 2024 approving the policy of investment in construction and infrastructure business of Dong Van V Industrial Park phase 1. Investor of the project is Ha Nam Infrastructure Joint Stock Company. The project’s land use scale is 237.29 hectares; was carried out in Tien Noi ward, Tien Ngoai and Yen Nam communes, Duy Tien town, Ha Nam. The total investment capital is 2,911.295 billion VND.
Ha Nam: Commencement of Chia Chang Vietnam Technology Factory-phase 1
On July 13, at Thai Ha Industrial Park (phase 1), Hai Long Construction JSC and Chia Chang Vietnam Technology Com. Ltm held a groundbreaking ceremony for Chia Chang Vietnam Technology Factory Project (state 1). It is invested on a land area of more than 25,000 sqm. Total project investment capital is 9 million USD with the following items: factory 1 includes 2 floors with an area of 2,880 sqm/floor; Factory 2 consists of 2 floors with an area of 4,150 sqm/floor.
Ha Tinh: Approved the policy of investing of Vinhomes Vung Ang Industrial Park
Deputy Prime Minister signed Decision No. 639/QD-TTg dated July 13, 2024 approving the investment policy of the project to invest in construction and business of infrastructure of Vinhomes Vung Ang industrial park. Vinhomes Industrial Park Investment Joint Stock Company is the project investor. The project is implemented in the central industrial park, lots CN4, CN5, Vung Ang economic zone, Ky Anh town, Ha Tinh province with a total investment of 13,276.491 billion VND.
Phu Yen: Approval of Hoa Tam Industrial Park
The People’s Committee of Phu Yen province has just approved the 1/2,000 scale of Hoa Tam Industrial Park in the South Phu Yen Economic Zone. Accordingly, it is located in Hoa Tam commune, Dong Hoa town, with an area of about 1,115 ha. This is a multi-industry industrial park, investing in high-tech and industrial types associated with promoting the advantages of seaports, focusing on attracting petrochemical, energy refining industries…
Lao Cai: Approve a list of 6 projects to attract investment in Industrial Zones, Clusters
The Chairman of Lao Cai Provincial People’s Committee has just issued a decision approving a list of 6 projects to attract investment in industrial parks and industrial clusters in the province in 2024. These include: List of industrial park projects (1
project); Pho Rang 1 Industrial Cluster, Bao Yen district; Son Ha industrial cluster; Ban Phung Industrial Cluster; Thong Nhat 1 Industrial Cluster, Thong Nhat Commune, Lao Cai City.
Thanh Hoa: There will soon be a multi-industry industrial park of more than 700ha
Thanh Hoa People’s Committee has just issued Decision No. 2630/QD-UBND on approving the 1/2000 scale zoning project of Industrial Park No. 15, Nghi Son Economic Zone. The scope of planning belongs to the administrative boundaries of Tan Truong, Phu Lam, Tung Lam communes, Nghi Son town; with about more than 721 ha. This is a multi-industry industrial park, with priority given to the mechanical manufacturing industry, agricultural,…
Long An: Transferred 219.44ha of rice land to implement the Industrial Park project
In Official Dispatch No. 536/TTg-NN, Deputy Prime Minister approved the People’s Committee of Long An province to decide to change the use purpose of 219.44 hectares of rice land to another purpose to implement the Dong Nam A Industrial Park Project (phase 2). The project is located in Phuoc Vinh Dong and Tan Tap communes, Can Giuoc district, invested by Long An Industrial Park Joint Stock Company.
Da Nang: Implementing investment procedures for 3 new Industrial Parks
According to the Management Board of Da Nang High-Tech Park and Industrial Parks (IP), the unit is implementing procedures and planning documents, investing in 3 new IPs: Hoa Cam IP Phase 2, Hoa Ninh IP and Hoa Nhon IP. Currently, Da Nang has 8 IPs. To date, the parks have attracted a total of 523 investment projects; including 399 domestic projects (34,450 billion VND) and 124 FDI projects (2,070 million USD).
Lang Son: Allocating 4,900ha in Huu Lung for Industrial, Urban and Service Zone
The master plan for the construction of Huu Lung Industrial – Urban – Service Zone, Lang Son province, has just been approved at a scale of 1/5000. The project covers an area of 4,900ha, within the administrative boundaries of 4 communes of Huu
Lung district, including: Hoa Son, Tan Thanh, Ho Son, Hoa Thang. The project includes the following functions: industrial zone; research and training zone; new urban area, resettlement and existing residential area renovated,…
Quang Tri: Awarded investment policies for 9 Projects
The People’s Committee of Quang Tri province has awarded decisions approving investment policies for a total of 9 projects with a total investment of more than 4,400 billion VND. Including: RAS high-tech shrimp farming project (883.53 billion VND); KIDOS Animal Feed Factory Project (350 billion VND); Expanding TTC International Brewery project for TTC International Beer JSC 330 billion VND; VSICO Quang Tri Dry Port Area of VSICO Maritime JSC 236 billion VND.
Nam Dinh: There are more projects on yarn production and textile dyeing
On July 8, Nam Dinh issued an investment certificate for a yarn and textile dyeing production project worth 9 million USD. It is implemented in Rang Dong IP, Nghia Hung district, Nam Dinh province. According to the plan, from now until the Q1/2025, complete legal procedures and start construction; By September 2025, trial operation; By October 2025, the project will be completed and officially operated.
Nam Dinh: Inauguration of fabric factory
On July 13, TOP TEXTILES Co., Ltd. held the inauguration ceremony of TOP TEXTILES factory at Rang Dong Textile Industrial Park. It is being built on an area of 31.2 ha with a total investment of more than 203 million USD. The project was started in July 2022, and has now completed construction investment in phase 1 with a capacity of 60 million meters of fabric/year, 4 times the current capacity of Nam Dinh. It continues to invested in phase 2, expected to be completed in 2025.
Nam Dinh: Hong Kong Enterprise plans to build a Phone Components Factory
Chung Nam Group, Hong Kong (China) has expressed its plan to invest in a factory to produce: camera clusters, front and rear lenses of phones, with an estimated total investment capital of about 50 million USD in phase 1. In Vietnam, Chung Nam Group has established Vitalink Vietnam Co., Ltd. with 2 branches in Bac Giang province. Currently, the Group is a partner of many major electronic technology brands: Samsung, Apple, Huawei, CRE, BOEV.
Nam Dinh: Kam Kiu Aluminum Group invests 100 million USD to build a factory
Kam Kiu Aluminum Group, Hong Kong (China) currently needs to use 12-20 ha of land to invest in a factory producing aluminum accessories for electronic devices, smart devices (phones, computer screens, speakers, watches) and auto parts with a total expected investment of 100 million USD. The Group will invest in My Thuan Industrial Park; and hopes to complete the factory investment and put it into operation and production by May 2025.
Hung Yen: Acecook built an instant noodle factory worth VND 2,200 billion
General Director of Acecook Vietnam said that in the near future this company will build an Acecook instant noodle factory in Hung Yen with a total investment of 2,200 billion VND. The factory will employ 2,000 workers. Previously, in March 2024, Acecook started construction on the 12th factory in Vinh Long province with an expected number of workers of 3,000 people. The factory is built on the campus of Hoa Phu Industrial Park on an area of 11 ha.
Hung Yen: Wieson started construction of a factory in Industrial Park No.5
Recently, Wieson Technologies Vietnam Factory officially started construction in Industrial Park No. 5, Hung Yen province. The project is built on an area of 18,176 sqm, with a total investment of 16.5 million USD. Wieson specializes in manufacturing electronic components such as cables and connectors. It is expected that from March 2025 to May 2025, machinery and equipment will be installed; By June 2025, it will go into official operation.
Hung Yen: Inaugurated a Road connecting 2 High ways of the North
On July 7, the road connecting the Hanoi -Hai Phong expressway with the Cau Gie Ninh Binh expressway section through Hung Yen province (phase 2) was inaugurated. The project is nearly 24 km long, the route helps shorten travel time between Phap Van-Cau Gie expressway and Hanoi-Hai Phong expressway by up to 30 minutes. According to the plan, The road will be upgraded to a highway after 2030.
Thai Binh: Capital Holding invests nearly 1,300 billion in hemp fiber factory
Capital Holding Joint Stock Company proposes to invest in a hemp fiber factory with 30,000 spindles in Quy Ninh Industrial Cluster. According to the proposal, the Thai Binh hemp fiber factory project is expected to be deployed on an area of more than 78,000 sqm, with a total cost of Investing over 51 million USD. Project capacity is 5,400 tons of fiber/year. When the project comes into operation, it will create jobs for about 800 workers, with an average annual revenue of over 1,000 billion VND.
Quang Ninh: Foxconn plans to produce Nintendo Switch
Recently, Quang Ninh People’s Committee has granted an Investment Registration Certificate to Foxconn Group to implement 2 projects with a total capital of 551 million USD. Of which, the Smart Entertainment Products project invested in Song Khoai Industrial Park has an area of 21.5 ha, a total capital of 263.7 million USD. The project is expected to be tested from October to December 2026 and officially put into operation from January 2027.
Quang Tri: Started construction of an airport worth more than 5,800 billion VND
On July 6, the People’s Committee of Quang Tri province and the joint venture investor T&T – CIENCO 4 held a groundbreaking ceremony for the Quang Tri Airport construction investment project with a total investment capital of more than 5,800 billion VND. The project is implemented in Gio Quang, Gio Hai and Gio Mai communes, Gio Linh district with a scale of more than 265 ha. The project will be put into operation in July 2026.
Lao Cai: Implementing 5 projects, total capital of more than 20,000 billion
The Chairman of Lao Cai Provincial People’s Committee has just issued Decision No. 1671/QD-UBND dated July 5, 2024 approving a list of 5 projects to attract investment in the field of transportation in the province in 2024. According to the Decision , a list of 5 projects including: Sa Pa Airport Construction Project; Road project connecting Sa Pa airport to Sa Pa town; Dong Pho Moi Dry Port Project; Kim Thanh – Ban Vuoc Dry Port Project; Sa Pa Airport Dry Port Project.
Hai Phong: Open to traffic Ben Rung bridge connecting Hai Phong- Quang Ninh
On July 17, Hai Phong City People’s Committee held the opening ceremony of Ben Rung bridge connecting Thuy Nguyen district (Hai Phong city) with Quang Yen town (Quang Ninh province) across Da Bach river. It is invested by the Management Board of Hai Phong Transport Construction Investment Project, with a total investment of 1,940,931 billion VND. This bridge with a length of 1,865 meters and a width of 21.5 meters.
Quang Binh: Dong Hoi Airport is expected to start construction in the Q3/2024
Vietnam Airports Corporation has just issued document No. 2801/TTr-TCTCHKVN sent to the Ministry of Transport on the appraisal of the feasibility study report for investment in the construction of component 1 project “Construction of terminal T2, Dong Hoi Airport”. The Project construction site at Dong Hoi Airport, Loc Ninh Commune, Dong Hoi city, Quang Binh. The total floor area of the terminal is 17,567 sqm.
Source: Catherine Huỳnh
