INDUSTRIAL
Vietnam: Proposing 6 groups of policies topromote the development of IPs and EZs
The Ministry of Planning and Investment proposes 6groups of policies to promote the development of IPsand EZs nationwide. Specifically, the policy groupsupports projects to realize industry linkages andindustry clusters within the scope of IPs and EZs. Thepolicy group supports specialized, specialized and highlyspecific types of IPs. The policy group develops modern,smart IPs to attract new investment fields such as DigitalEconomy, Green, chip manufacturing, and innovation;associated with the new trend of using Green energy andrenewable energy. The policy group for the developmentof urban areas is of an integrated nature (IPs associatedwith urban-service development).
Vietnam: Industrial real estate ‘evolves’ towelcome sustainable investment capital flows
The model of developing industrial parks in a multi-industry and multi-sector direction with developmentmotivation mainly based on land potential is gradually nolonger suitable in the current context. Experts believe thatit is necessary to build and develop models of high-techIPs, ecological IPs… to meet the requirements of greeneconomic development globally. With this shift, theMinistry of Planning and Investment also launched a newdevelopment strategy for Vietnam’s IPs. First of all,priority is given to projects with advanced technology,clean technology, modern management, high addedvalue, spillover effects, connecting global production andsupply chains.
Vietnam: 50% of industrial parks have not heard of the concept of sustainable industrial park development
According to VCCI, the rate of issuance of development policies according to the EESG framework in Vietnam is still quite low. Specifically, 50% of IPs have not heard of the concept of sustainable IP development, 30% have heard of the concept of ecological IPs and 20% clearly understand that sustainable IP development needs to ensure balance in the simultaneous development of 4 EESG pillars. The survey results also showed that only 22% of IPs have international management system certificates, notably 77% of IPs do not have enterprise-level audit infor. on financial, social and environmental aspects.
Launching the G20 Industrial Alliance
On April 3, the G20 Industrial Alliance was officially launched. Accordingly, the Alliance was established by DTJ Investment and Distribution JSC, BRD Vietnam JSC, NTK Fire Protection Construction and Consulting Com., LIFE Com., Vietnam Japan Development Construction Com..
The goal of the G20 Industrial Alliance is to support businesses participating in the global supply chain; Committed to providing solutions that contribute to the sustainable development of the industrial ecosystem, aiming to build a sustainable industrial ecosystem and improve international competitiveness.
Northern Industrial – ‘The position of an extended arm of the world’s factory’
Hanoi and 5 key northern provinces continue to hold the top 10 centers attracting the most FDI inflows in Vietnam, with foreign direct investment reaching 16.7 billion USD in 2023. The North’s growth is due to excellent accessibility through the infrastructure network of 7 expressways, and the continued implementation of a system of 7 ring roads; The region’s geographical location is favorable to receive a wave of investment expansion from major manufacturers, as part of their China + 1 strategy. It is predicted that in the next 10 years, the market will have 69 new projects, increasing the supply to at least 30,000 ha.
Hanoi: Vinaconex is the investor of Dong Anh Industrial Park project
On the afternoon of April 1, Hanoi People’s Committee awarded the Investment Registration Certificate for the Project on Construction Investment and Infrastructure Business of Dong Anh Industrial Park. The project is located in the communes of Nguyen Khe, Xuan Non, Thuy Lam, Lien Ha and Dong Anh town, invested by Vinaconex. With a scale of 299.45 hectares, the project has a total investment capital of over 6,338 billion VND, including 2 phases: Phase 1 has a scale of 179.1 hectares; Phase 2 is 120.35 hectares. According to the plan, the project will start construction no later than the first quarter of 2025. Vinaconex proposed the latest in the first quarter of 2025 to start construction of this important project.
Hanoi: Handing over the construction site of INVENTEC Vietnam Factory
On April 1, at Hanoi South Supporting Industrial Park (HANSSIP), the handover ceremony of the construction site of INVENTEC Vietnam Factory took place between the investor of the Industrial Park (N&G Group Joint Stock Company) and INVENTEC Group.
The project’s first phase scale is nearly 170,000 sqm of industrial land with a total project investment of about 200 million USD, with a total design capacity for a stable production year of about 32,000,000 products/year, equivalent to 20,352 tons of products/year.
Nam Dinh: Establishment of the Council for Appraisal of Construction Planning of 6 IPs
On April 4, the People’s Committee of Nam Dinh province issued Decision No. 671/QD-UBND on the establishment of the Council to appraise the construction planning of 6 industrial parks in the province including: Hai Long IP, Giao Thuy district; Thinh Tan IP, Giao Thuy district; Nam Hong IP, Nam Truc district; Thuong Thanh IP, Xuan Truong district; Minh Chau IP, Nghia Hung district; Lac Xuan IP, Giao Thuy district.
In the solutions to implement the planning, the province determines to continue exploiting 6 existing Industrial Parks and develop 10 more Industrial Parks. The total planned area of industrial parks in the province by 2030 is 2,546 ha.
Da Nang: Proposal to pilot the establishment of a Free Trade Zone
On April 4, Da Nang proposed to pilot the establishment of a Free Trade Zone associated with Lien Chieu Port. Accordingly, this is a functional area, established to achieve the goals of attracting investment, developing production activities, port logistics services, logistics, trade-services, and duty-free business. The project will have geographical boundaries determined by hard fences, inspection, supervision, customs control, buying-selling relationships, and exchanging goods with outside parties is an import-export relationship. The term of land use in the Project shall not exceed 70 years.
Da Nang: Granted 15 new FDI projects, total capital of more than 22 million USD
FDI capital invested in Da Nang continues to show signs of improvement, when in the Q1/2024, Da Nang granted 15 new FDI projects, with a total capital of more than 22 million USD. For the FDI sector, realized investment capital of the FDI zone in the Q1/2024 is estimated to reach 929 billion VND, an increase of 11.6% over the same period last year. A number of businesses had large investment values in the quarter, including: Ngu Hanh Son Beach Tourism Area JSC; Fujikura Automotive Vietnam Co., Ltd.; Nam Phat Hotel and Villa Company Limited; Universal Alloy Corporation Vietnam.
Thanh Hoa: Commencement of Tho Nguyen Industrial Cluster investment project
On April 6, the People’s Committee of Thanh Hoa province coordinated with Vietnam Urban and Industrial Park Development Investment JSC to hold a groundbreaking ceremony for the technical infrastructure construction investment project of Tho Nguyen Industrial Cluster. The project is located in Xuan Hong commune, Tho Xuan district with an area of over 18 ha, total investment of 100 billion VND. It is divided into 2 phases. It is expected that by mid-2025, the project will be put into use, attracting investors to fill about 50%; By the end of 2026, 100% of the area will be filled.
Bac Ninh: Issued new investment certificates for 105 FDI projects in the first quarter
In the Q1/24, Bac Ninh province issued new investment certificates for 105 FDI projects, an increase of 50 projects, an increase of 90.9% over the same period last year, with the number New registered capital is 499.8 million USD, an increase of 19.2 million USD, up 4% over the same period. Of the total number of projects, investors mainly come from China with 62 projects, Hong Kong (China) with 19 projects, and Singapore with 11 projects. In March alone, the whole province granted new investment registration for 27 projects with a total investment capital of 300.7 million USD.
Dong Nai: Attracting foreign direct investment is among the Top 10 in the country
According to Dong Nai Statistics Department, in the Q1/2024, FDI attraction in the province reached 571 million USD, an increase of 13.3% over the same period in 2023. Among them, there are 24 new projects with total registered capital of 291.4 million USD, an increase of 5.5 times over the same period in 2024; There were 24 projects with increased capital, with a total additional capital of 279.9 million USD, down 37.9% over the same period. Accordingly, FDI investment capital in the first quarter of 2024 mainly focuses on investment projects in newly licensed industrial parks.
Thai Binh: Vietnamese – Chinese enterprises invest in an automobile factory
On April 4, Geleximco Group and international trendy new energy vehicle brand Omoda & Jaecoo (part of China Chery Group) officially signed a joint venture contract in Hanoi. The two sides have planned to build a factory in Thai Binh province, carried out in three phases, with a total investment estimated at more than 800 million USD. The first phase is expected to be completed in the first quarter of 2026.
During the factory construction process, Omoda & Jaecoo will approach the Vietnamese market by importing complete vehicles, expected to launch on the market in end of 2024.
Thua Thien Hue: Awarded investment certificates to 11 projects
On April 6, the People’s Committee of Thua Thien Hue province awarded investment registration certificates to 11 projects with a total registered capital of VND 9,134 billion. Typical include: Chan May Logistics Center Project at Chan May Port Area (1,512 billion VND); Digital Data Center Project of Vietsoftpro Holdings Investment JSC (279.48 billion VND); Dien Loc Industrial Cluster Investment Project (113 billion VND). Dien Loc 2 Industrial Cluster Project (93.59 billion VND)…In addition, there were 10 projects with a total registered capital of 113,500 billion VND awarded, including: VSIP Company with La Son Industrial Park expansion project (7,000 billion VND)…
LOGISTICS
Hanoi: About to start construction on a bridge connecting Me Linh and Dan Phuong districts
It is expected that in October 2024, Hanoi will start construction of Hong Ha bridge under the Ring Road 4 project with a total investment of nearly 10,000 billion VND. Hong Ha Bridge and 6km long path with total preliminary investment is about 9,800 billion VND. The project is expected to be completed after 3 years. According to planning, the north of the bridge is located in Van Khe commune, Me Linh district; South in Hong Ha commune, Dan Phuong district. Also included in the Ring Road 4 project are two large bridges, including Me So bridge and Hoai Thuong bridge spanning the Duong River.
Vietnam: Announcing the list of Vietnam Seaports
Decision No. 323/QD-BGTVT dated March 29, 2024 replacing Decision No. 1490/Q D- BGTVT dated November 15, 2023 of the Ministry of Transport on announcing the list of ports belonging to Vietnamese seaports Male. Accordingly, in the Northern region, City. Hai Phong is the locality with the most ports in the country with 50 ports. In the Central region, Khanh Hoa province has the most ports with 17 ports. In the southern region, Ba Ria – Vung Tau province ranks first with 48 ports. Mekong Delta, City. Can Tho 17 berths. Binh Duong province has 1 port, Binh Duong general port (river port).
Vietnam: Additional budget for the Ministry of Transport to build 3 expressways
The Ministry of Transport and 08 localities have just been assigned by the Government to supplement the estimate and investment plan of the central budget capital in 2024 of about 6,458 billion VND to implement 3 important national highway projects. Specifically, budget allocation to provinces: Khanh Hoa, Dak Lak, Dong Nai, Ba Ria – Vung Tau, An Giang, Can Tho, Hau Giang, Soc Trang with a total capital of 3,887 billion VND to implement 03 projects important national highways, which are: Khanh Hoa – Buon Ma Thuot, Bien Hoa – Vung Tau and Chau Doc – Can Tho – Soc Trang highways.
Vietnam: Ministry of Transport starts construction on 4 traffic projects in the Q2/2024
The Ministry of Transport is asking investors to urgently complete investment procedures to start construction on 4 projects in the Q2/2024, including: Project to pgrade National Highway 2 section Vinh Yen-Viet Tri (Vinh Phuc); HCM Road section Chu Market-Trung Son intersection; Project to upgrade and expand National Highway 46, Vinh City-Nam Dan section; Lo Te-Rach Soi road surface upgrading project. In addition, there will also complete 4 projects: North-South Expressway section Dien Chau-Bai Vot; project to renovate maritime channels into ports in Nam Nghi Son area (Thanh Hoa); National Highway 2C (Tuyen Quang); National Highway 37 project through Hai Phong.
Thua Thien Hue: Commencement of Vsico Port project at Chan May – Lang Co
On April 6, at Chan May – Lang Co Economic Zone, Phu Loc district, Vsico Marine JSC held a groundbreaking ceremony for the Vsico Chan May Port project (berths 4 and 5). The project is invested with total registered capital of about 1,678 billion VND; total area 20.4 hectares; The total length of berths 4 and 5 is 540 m, capable of receiving cargo ships of up to 70,000 tons and container ships of up to 4,000 TEUS. It is expected that in the second quarter of 2025, Berth No. 4 will be put into operation, and Berth No. 5 will be put into operation in early 2026.
Source: Catherine Huỳnh
