————- LOGISTICS & INDUSTRIAL MARKET——————-
Vietnam: Expanding Can Tho – Ca Mau, Ben Luc – Trung Luong Expressways to 6-12 Lanes
The Vietnam Road Administration has just submitted a proposal to expand the Phap Van–Phu Thu section from 8 lanes to 10–12 lanes; the Ben Luc–Trung Luong section from 6 lanes to 10–12 lanes; and the Can Tho–Ca Mau section from 4 lanes to 6 lanes. In addition, a number of expressways have their scope adjusted, including the Ninh Binh – Hai Phong Expressway, the Cam Lo – Lao Bao Expressway, the Quy Nhon – Pleiku Expressway, and the Ho Chi Minh City – Moc Bai Expressway.
Vietnam: Proposal to add 2 new Expressways to the planning
Vietnam Road Administration has proposed to add 2 expressways to the planning, namely Ca Mau – Dat Mui and Quang Ngai – Kon Tum. Of which, the Ca Mau – Dat Mui expressway is about 90km long, with 4 lanes; the Quang Ngai – Kon Tum expressway is about 136km long, with 4 lanes. Both of these expressways will be invested before 2030. Thus, the planned expressway network will increase to 43 routes, with a total length of about 9,234 km…
Vietnam: Foreign enterprises increase investment in semiconductor industry
In fact, the wave of investment in this field has accelerated since last year when many investors from the US, Europe, Japan, Korea, etc. came to Vietnam and expressed interest in semiconductors. In the past few years, global foreign investment has tended to stagnate, but in just 2021 and 2022, the world has witnessed foreign investment in the semiconductor sector reaching 155 billion USD. This is the highest investment in this industry in the past 20 years.
Vietnam: Technology paves the way for Industrial Parks to enter the Green and Smart Era
Technology slices in smart factories and smart industrial parks have revealed a corner of the fourth industrial revolution that is changing everything. In which technologies such as Big Data, AI (artificial intelligence), IoT (Internet of Things), Edge Computing (edge computing) … are the core elements of digital in this 4.0 industrial revolution. More than 130 countries have committed to net zero emissions by 2050, including Vietnam.
Vietnam: Multi-Use Warehouse Trends on the Rise
A notable trend is the emergence of multi-use projects. These facilities provide suitable space for both warehouse and factory uses, attracting a diverse range of tenants and accelerating occupancy rates. Overall, with supply continuing to expand, the market will continue to be competitive, posing challenges in leasing activities, with tenants maintaining their bargaining power with significant incentives offered in the form of direct discounts, longer rent-free periods, etc.
Vietnam: Periodic reports on Industrial Clusters every 6 months and annually
The Ministry of Industry and Trade has just issued Circular No. 14/2024/TT-BCT regulating the periodic reporting regime on industrial clusters (ICs), the national IC database, and some sample documents on IC management and development. The Circular takes effect from October 1, 2024… The time for closing 6-month (beginning of the year) reporting data is calculated from December 15 of the year before the reporting period to June 14 of the reporting period.
Long An: Aiming to become the Region’s Import-Export Center
Long An is the leading locality in the Mekong Delta in terms of both export and import turnover, accounting for 38% and 28% of the region, respectively. The whole province currently has about 900 import-export enterprises, contributing nearly 7 billion USD in exports and 4.3 billion USD in imports in 2023. In the first 7 months, the province’s import-export turnover is estimated at 7.175 billion USD, of which exports reached about 4.387 billion USD, imports reached about 2.788 billion USD.
Thanh Hoa: There will be 6 more projects with an investment capital of nearly 16,000 billion VND
Thanh Hoa recently has 6 industrial park (IP) infrastructure projects that are attracting investors’ attention to propose projects and complete construction investment documents, including WHA Smart Technology IP (part of Phu Quy IP); WHA Smart Technology 2 IP -Thanh Hoa (part of Giang Quang Thinh IP); Western IP of Thanh Hoa city – phase 1; IP No. 19, Nghi Son Economic Zone; IP No. 17, Nghi Son IP; Vietnam – India high-tech pharmaceutical IP phase 1 (Nghi Son EZ).
Hanoi: Construction of Long Xuyen Industrial Cluster
On August 19, the People’s Committee of Phuc Tho District (Hanoi) coordinated with Thien An Investment Joint Stock Company to start the project to build technical infrastructure for Long Xuyen Industrial Cluster. The project covers an area of nearly 6 hectares with a total investment of about 150 billion VND. Once completed, the project will contribute to promoting the development of industry and handicrafts in Phuc Tho District in particular and Hanoi City in general.
Quang Tri: Accelerating the progress of the project worth over VND 4,500 billion
The Trieu Phu Multi-industry Industrial Park project has a total investment capital of over VND 4,533 billion. The leaders of Quang Tri province requested departments, localities and investors to focus all resources and human resources to accelerate the project’s progress, striving to start construction in the Q1/2025. The project is implemented in the Trieu Son and Trieu Trach multi-industry industrial parks in the Quang Tri Southeast EZ. The project has a land use scale of 528.97 ha.
Hue: Groundbreaking Ceremony of Kim Long Motor Hue Engine Manufacturing and Production Factory
On August 23, Kim Long Motor Hue JSC and Yuchai JSC (China) signed a comprehensive strategic cooperation agreement on engine manufacturing and production in Vietnam. At the same time, the two companies also broke ground on the construction of Kim Long Hue Engine Manufacturing and Production Factory in Chan May – Lang Co Economic Zone (Thua Thien Hue).
The factory has a total investment of 260 million USD, divided into 2 phases.
Binh Dinh: FPT builds an Artificial Intelligence Center worth over VND 4,000 billion
The 93.24 ha Artificial Intelligence Center – Auxiliary Urban Area project with a total investment of VND4,362 billion in Quy Nhon city, Binh Dinh province has officially broken ground. This is a project invested by FPT Quy Nhon JSC, including 3 units: FPT Danang Urban Area JSC (FPT City), FPT Investment Company Limited (FPT Investment), FPT Software Company Limited (FPT Software). The project consists of 3 main functional areas: AI Center; Education and Training Area; Auxiliary Urban Area.
Source: Catherine Huỳnh
