INDUSTRIAL MARKET
Vietnam: Industrial Real Estate market is progressing positively
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: Which businesses own the most Industrial Park land funds?
By the end of June 2024, Vietnam had 429 industrial parks established with a total land area of more than 134,500 hectares. According to ACBS, the industrial park land market in Vietnam is very fragmented with VSIP continuing to lead with more than 7,500 hectares of industrial park land and a market share of 5.6%. Vietnam Rubber Group (GVR) ranked second with more than 7,000 hectares of land, accounting for 5.2% market share.
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: Pave the way for foreign capital to 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…
Lao Cai: Approve a list of 6 projects to attract investment in Industrial Zones and 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.
Hai Phong: Request to approve the 5 Industrial Parks
The Hai Phong Economic Zone Management Board is submitting documents and requesting the Ministry of Planning and Investment to appraise and submit to the Government for decision to approve investment policies for 5 industrial parks with a total area of 1,793.9 ha including Nam Trang Cat IP (200.3ha), Thuy Nguyen IP (319.6ha), Trang Due III IP (687ha), Giang Bien II IP (350ha) and Vinh Quang IP – phase 1 (226.01ha).
Thanh Hoa: There will soon be a multi-industry industrial park of 700 ha
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 219.44 ha 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.
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.
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.
Thai Binh: Capital Holding invests nearly 1,300 billion in hemp fiber factory
Capital Holding JSC proposes to invest in a hemp fiber factory with 30,000 spindles in Quy Ninh Industrial Cluster. According to the proposal, It 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.
Ho Chi Minh: Starts construction on a waste incineration factory to generate electricity
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 the City significantly reduce the pressure on waste treatment, about 20-25% of the total volume of waste generated each day will be processed.
LOGISTICS MARKET
Vietnam: Proposed inland waterway route Can Tho-Cai Mep-Cat Lai reduces logistics costs by up to 70%
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.
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”. Construction site at Dong Hoi Airport, Loc Ninh Commune, City. Dong Hoi, Quang Binh. The total floor area of the terminal is 17,567 sqm.
Source: Catherine Huỳnh
