INDUSTRIAL
Vietnam: How is the industrial park group’s business in the first quarter of the year?
Statistics on business results in the Q1/2024 of 10 industrial park real estate enterprises show that 7 enterprises recorded profit growth and 3 enterprises recorded profit decline.
In particular, this quarter’s profit champion belongs to IDICO Corporation with more than 2,467 billion VND in net revenue, up 115% and more than 797 billion VND in net profit, up 355% over the same period. Sonadezi recorded net revenue growth of more than 21% to nearly VND 1,292 billion. Saigon VRG brought in 1,826 billion VND in revenue, an increase of 24% over the same period. Tin Nghia recorded net revenue of more than 38 billion VND (up 21%),…
Vietnam: Industrial Real Estate continues to record optimistic signals
According to experts, the wave of investment and expansion of production and business activities of FDI into Vietnam leads to a continued increase in demand for renting IP space or factories. IP real estate has since benefited and achieved positive business results to date. In fact, due to increased demand, the price of land and factories for rent continues to increase. Industrial land prices in northern markets increased slightly by about 8%over the same period, reaching an average of$133/m2/remaining term. Industrial land prices in southern markets maintain an average of 189 USD/m2/remaining term, stable compared to the previous quarter, increasing 2.4% over the same period.
Binh Duong: Overview of Binh Duong province’s industrial park planning until 2030
According to the latest plan to develop the IP system, by 2030 the total number of IPs in the area will be 43 with a total area of about 18,600 ha. In which, we continue to implement 33 IPs according to previous planning with 27 existing IPs with a total area of about 10,283 ha filled and 6 IPs included in the national planning along with investment preparation and implementation of 10 proposed IPs. new. Specifically, the priority is to fill about 1,161 ha of existing IP, including 3 IP expansion projects: expanded Rach Bap IP, expanded Nam Tan Uyen IP, expanded Dat Quoc IP.
Binh Duong: Tetra Pak poured an additional 2,600 billion VND
Tetra Pak announced that it will invest an additional 97 million Euro (about 2,653 billion VND) in a paper beverage box factory in Binh Duong province, bringing the total investment from 2019 to now to more than 217 million Euro (about 5,935 billion VND). Accordingly, Tetra Pak will invest in an additional production line expected to be fully operational in the second quarter of 2025.
Tetra Pak factory in Vietnam – Singapore Industrial Park II-A, Binh Duong province went into operation in mid-2019, with a total investment of 120 million Euro, is the first factory in Vietnam and the 8th factory in Asia. Asia by Tetra Pak.
Tay Ninh: Overview of Tay Ninh province’s industrial park planning until 2030
According to the latest plan to develop the industrial park system in Tay Ninh province, by 2030 the total industrial park area will be about 12,050 ha. Including 6 existing industrial parks with a total area of 3,493.19ha including: Trang Bang IP with an area of 190ha, Linh Trung III IP with an area of 203ha, Thanh Thanh Cong IP with an area of 760ha, Phuoc Dong IP with an area of 2190ha, Cha La IP with an area of area of 42.19 ha, TMTC IP of 108.11 has. Two new IPs will be established when meeting the conditions with an area of 873.81 ha: Hiep Thanh IP and Dai An Saigon IP. And potential IPs, expected to be newly established with an area of 7,683 ha.
Binh Dinh: Overview of Industrial Cluster planning in Binh Dinh province until 2030
According to the plan to develop industrial clusters in Binh Dinh province, by 2030 the province will have 68 ICs with a total area of 3,470 ha. To date, in the province, 46/68 ICs with a total area of 1,525 ha have been decided to establish; There are 45/68 ICs with a total area of 1,551.7 ha, of which 1,087.6 ha of industrial land has approved detailed construction planning at a scale of 1/500; There are 37/68 industrial clusters in operation with a total industrial land area of 904.2 ha. Currently, in the province, there are 40/46 industrial clusters that have been implementing compensation and site clearance work.
Bac Giang: Song Mai – Nghia Trung Industrial Park will soon be added
The People’s Council of Bac Giang province, term XIX, term 2021-2026, recently held the 16th session to approve the contents of adjusting the Bac Giang Provincial Planning for the period 2021-2030, with a vision to 2050. At the same time, it approved Construction zoning project of Song Mai – Nghia Trung Industrial Park along with a series of other important draft resolutions. Accordingly, the planning boundaries include Song Mai commune, Da Mai ward, Bac Giang city and Nghia Trung commune, Viet Yen district, Bac Giang province. The total planning area is 204.45 ha. The project’s scale is expected to attract about 45,000 workers.
Hai Duong: There will soon be 2 more Industrial Clusters
Hai Duong Provincial People’s Committee recently issued a decision to establish 2 industrial clusters with a total area of more than 134 ha, total value of more than 1,700 billion VND.
Specifically, Tây Viet Hoa industrial cluster has an area of 59.9 ha, with a total investment of more than 732 billion VND in Viet Hoa ward, Hai Duong city, Hai Duong province. The investor is Tan Hung Company Limited. Thai Tan industrial cluster is located in Thai Tan, Nam Hong and Hong Phong communes, Nam Sach district, with an area of about 75 ha, with a total investment of more than 1,000 billion VND. The investor is Global Real Estate Investment Joint Stock Company.
Phu Yen: Approving the planning adjustment project of Hoa Hiep 1 Industrial Park
According to the 1/2000 scale construction zoning adjustment project approved by the People’s Committee of Phu Yen province on May 9, 2024, Hoa Hiep 1 Industrial Park has a total planning area of 102.33 ha. Of which, land for factory construction is 67.18 ha; Traffic land is 17.19 ha; Green land is 14.08 ha; Land in the central area, services 1.16 has… Labor target is 5,500 people. In terms of nature, the project is a multi-industry industrial park with high added value; In particular, priority is given to processing and manufacturing industries that are less polluting and environmentally friendly.
Ba Ria – Vung Tau: Truong Thanh Vietnam Group wants to invest in 7 industrial parks
A representative of Truong Thanh Group sent a document to the People’s Committee of Ba Ria – Vung Tau province asking for research on investment proposals for industrial park projects in the province. Specifically, businesses proposed to be interested in finding out investment information for 7 projects in the province’s list of projects expected to call for investment in the 2024 – 2030 period, including: Phu My Industrial Park, Bac Chau Duc 1 Industrial Park, Bac Chau Duc 2 IP, Bac Chau Duc 3 IP, Bac Chau Duc 4 IPk, Bac Chau Duc 5 IP, Nam Chau Duc IP.
Ho Chi Minh: Proposal to build more high-rise factories in Ho Chi Minh City High-Tech Park
The High-Tech Park Management Board has just issued Document No. 529/KCNC-XTĐT to the People’s Committee of Ho Chi Minh City proposing to build a high-rise smart factory in the High-Tech Park to optimize the exploitation and effective use of land in the context that the land fund at SHTP is not much left. Up to now, the remaining factory area for rent in the high-tech sector is about 13,000 sqm, only enough to accommodate 3-4 additional investors (average 3,471 sqm/project). The investment attraction target set by 2025 is to attract over 50 high-tech projects.
Yen Bai: Japanese corporation invests in biomass power plant project
On May 8, the People’s Committee of Yen Bai gave Erex Group and Honna Hitoshi the decision to approve the investment policy, and at the same time approved the investor of the Yen Bai 1 biomass power plant project in Bac Van Yen Industrial Cluster, Van Yen district. The project will be built on an area of about 10 ha with an expected total investment capital of 100 to 120 million USD. It is expected that the plant will begin operating in early 2027, generating electricity with a capacity of 50 MW, including about 45 MW of stable renewable power source for EVN’s power transmission system.
Quang Tri: Approved investment in wood processing factory project worth nearly 300 billion VND
On May 9, the People’s Committee of Quang Tri province made a decision to approve the investment policy and at the same time approve the investor of VBE Quang Tri Plantation Wood Processing Factory project of VBE Quang Tri Joint Stock Company. The project has an expected land area of 30,856 sqm with a total investment capital of 292.632 billion VND at Cam Tuyen Industrial Cluster, Cam Tuyen commune, Cam Lo district. The project is expected to carry out construction and installation of equipment between June 2025 and June 2026; Completed and put into operation in July 2026.
Hai Phong: Commencement of High-tech biodegradable materials factory project
On May 11, construction started on the Ecovance high-tech biodegradable materials factory project of investor Ecovance Co.Ltd, at Dinh Vu IP, in Dinh Vu-Cat Hai Economic Zone, Ward Dong Hai 2, Hai An district. The project has a usable area of more than 32,000 sqm, with a total investment capital of over 2,300 billion VND. The expected goal is that by 2030, the total investment capital of the project will reach over 11,800 billion VND. It is expected that in June 2025, the project will complete construction; July 2025, trial operation; In September 2025, the project officially operates.
Binh Phuoc: Commencement of the largest green cashew processing factory in Vietnam
On May 11, the groundbreaking ceremony for the construction of Ba Tu Binh Phuoc agricultural and food processing factory took place with a capital of 6.5 million USD. This is the largest green cashew processing factory in Vietnam invested by Gia Bao Group. It has an area of 20,000sqm with a capacity of 400 thousand tons/year located in Dong Phu district and is expected to be put into operation from June 2025. Measures to reduce carbon emissions in the cashew processing process not only help increase production efficiency but also actively contribute to protecting the environment and minimizing the effects of climate change.
LOGISTICS
Hai Phong: Completed construction of berths 3 and 4 of Hai Phong international gateway port
On May 10, Hai Phong Port Joint Stock Company held a ceremony to attach the sign to complete the construction of wharves 3 and 4 of Hai Phong International Gateway Port -Lach Huyen port area.
The project includes two main wharves 750m long, 1 barge wharf 150m long, a system of storage yards, roads, auxiliary works and synchronous technical infrastructure, able to receive ships with a tonnage of 8000 – 14,000 TEU, equivalent to 100,000 – 160,000 DWT, meeting cargo throughput of 1.1 million TEU/year.
Ba Ria – Vung Tau: Approved the policy for Cai Mep Port to receive super container ships
The Ministry of Transport has approved the policy for Cai Mep International Container Port (CMIT) invested by Cai Mep International Port Limited Company to officially receive container ships up to 214,121 DWT to reduce load. . The project is located at Cai Mep wharf area, Ba Ria-Vung Tau seaport. The port has a minimum depth of -16.5m in front of the wharf with 600 m of wharf and an area of 48 hectares; and capacity reaches more than 1.1 million Teu. The port has 6 Super Post-Panamax sized shore cranes (22+1 container rows), empty container handling equipment, …
Binh Duong: Start construction of two 36,000 billion VND projects in 2024
According to the plan, Binh Duong will start construction on HCM Ring Road 4 project in the Q3/2024 (expected in July 2024); HCM Ring Road 4 project, the section passing through Binh Duong is 47.4 km long with a total investment of 18,993 billion VND. And the province will deploy construction of the HCM – Chon Thanh expressway project on September 2, 2024; The project is more than 45km long, passing through districts and cities: Thuan An, Tan Uyen, Bac Tan Uyen, Phu Giao, Bau Bang in Binh Duong province, with a total investment of over 17,408 billion VND.
Lang Son: Planning for Border Gate Economic Zone of 39,400 hectares
Planning to develop Dong Dang-Lang Son border gate economic zone into a smart, modern, dynamic border gate economic center, becoming a driving force for development, a smart, sustainable urban area, with national identity and connection economic; is a national and international border gate and logistics service center; is a growth pole and center of the Northeast sub-region in terms of economy, trade, financial services, agriculture and high-quality forestry. The project has been adjusted in planning as an important gateway for Vietnam connecting with China and Southeast Asian.
Phu Yen: India’s Kanoria Group proposes to invest in seaports, oil refineries, and airports
Kanoria Group (India) is interested in projects: Bai Goc deep-water port in Nam Phu Yen Economic Zone, Oil refinery, Investment in construction of Tuy Hoa international airport. Representatives of Kanoria Group pledged to accompany the province in the process of international integration, participating in local economic and community development areas. Kanoria Group is an Indian multi-industry corporation, specializing in the field of seaport infrastructure. Accordingly, in the period 2024-2030, Phu Yen calls for investment in 70 projects in many fields, including 3 projects in the fields of transportation, seaports, and logistics.
Source: Catherine Huỳnh
