INDUSTRIAL
Vietnam: What are the prospects for the Industrial Real Estate market?
VARS experts believe that Vietnam’s industrial real estate market still has a lot of room for growth in the future, promising to continue to maintain strong development momentum and play a key role in Vietnam’s economy. Accordingly, the development of the logistics industry will lead to a strong increase in demand for warehouses and logistics centers, especially when e-commerce explodes. Domestic and foreign logistics have also been actively expanding their scale and scope of operations in Vietnam. Industrial real estate “giants” have also quickly taken advantage of opportunities by researching and developing modern, green industrial parks, applying high technology and automation to production,…
Vietnam: Industrial Parks and Ready-Built Factories are benefiting
According to experts, in the current context of fierce competition, renting a ready-built factory is considered a good choice to help businesses preserve capital due to low investment costs and quick operation; Related administrative procedures are also easier than leasing land to implement the project. Positive developments in the Northern market come from the fact that a number of manufacturers in high-tech fields such as semiconductor material production and engine technology continue to expand in Vietnam through renting factories. Similarly, the demand for ready-built warehouses in the South comes from manufacturers in the fields of high technology and renewable energy, e-commerce sector…
Hanoi: Approval of Phung Hiep Industrial Park
The Deputy Prime Minister has just signed Decision No. 445/QD-TTg on investment policies for construction investment projects and infrastructure business in Phung Hiep IP. Project implementation locations are in To Hieu, Nghiem Xuyen, Thang Loi and Dung Tien communes, Thuong Tin district. The investment project’s land use scale is 174.88 ha with a total investment capital of 2,938 billion VND. The project’s operating term is 50 years from the approval date. Project implementation progress should not exceed 36 months from the date the State allocates or leases land.
Hanoi: Find new investors for Mai Dinh Industrial Cluster
Soc Son District People’s Committee has Notice No. 848/TB-UBND, on continuing to select investors to build technical infrastructure and establish Mai Dinh IC, Mai Dinh commune, Soc Son district. The project has an estimated scale of 66.54 ha. Expected industries are supporting industries, semiconductor industries, electronics industries, information technology, light technology, high-tech industries… The new investor is responsible for inheriting all financial rights and obligations for all funds invested by the old investor in accordance with regulations; and committed to speed up the progress of site clearance and soon put the project into operation.
Dong Nai: Relocate enterprises in polluting industries to the Industrial Park
Dong Nai Provincial People’s Committee has just issued Plan No. 172/KH-UBND on developing a project to relocate businesses and production facilities to IPs and concentrated ICs in the province. According to the issued plan, from now until 2030, production facilities belonging to the list of environmentally polluting industries that are currently located in residential areas will be relocated early. In the period after 2030, businesses and production facilities located in residential areas that are no longer suitable for planning in the coming period will be relocated…
Dong Nai: Exceeded investment attraction target for the whole year 2024
By mid-May 2024, the total capital attracted to invest in IPs in Dong Nai is 929 million USD. With the above results, Dong Nai has achieved and exceeded the target of attracting investment into IPs in 2024. Of the total capital attracted to invest in IPs over the past 4 months, attracting FDI investment into Dong Nai reached 834 million USD, reaching 119% of the 2024 plan. Domestic investment attraction reached over 2 trillion VND. Among the investment projects over the past 4 months, FDI has 40 new investment projects with a total investment capital of 519 million USD and 39 projects to increase capital to expand production.
Binh Duong: Attracted nearly 4,300 FDI projects (40.6 billion USD)
From the beginning of the year to May 15, 2024, newly registered and additional FDI capital in Binh Duong reached more than 341 million USD. Among them, the majority of FDI capital focuses on the IPs, reaching more than 290 million USD. Currently, in IPs in Binh Duong alone, there are 3,128 valid projects; including 2,448 FDI projects with a total registered capital of more than 29.6 billion USD and 680 domestic investment projects with a total registered capital of 93,847 billion VND. IPs have leased more than 285,700sqm of industrial land and more than 64,200 sqm of factories in the first months of this year.
Binh Duong: Request to complete procedures for adjusting investment in IPs
Binh Duong People’s Committee has just requested the Provincial IPs Management Board to coordinate with units that are infrastructure investors IPs to soon complete procedures to adjust investment policies in IPs include Dai Dang, Rach Bap, Dat Cuoc, Song Than 3… so that these IPs can operate stably, creating favorable conditions for attracting investment. The province will review and have solutions to improve the PCI index, further promote reform of administrative procedures to create the most favorable conditions for businesses and investors. Province is ready to work with infrastructure investors to organize investment promotion activities to call for more investment projects in IPs.
Binh Duong: Investing in a 220-hectare Information Technology Park
Recently, according to a report by Becamex IDC Corporation (the unit assigned to create the Science and Technology Zone Project), Binh Duong concentrated information technology park has a scale of 220 ha, built with the goal of becoming Science and technology zones are centers of innovation and attracting high-tech investment. Here, a system of science-technology industrial parks and modern information technology parks will be developed to meet international standards to attract domestic and foreign investment. Binh Duong Provincial People’s Committee requests that departments and branches and Becamex IDC continue to coordinate in editing and completing the draft,…
Nam Dinh: Approving the preparation of the General Planning Project of 2 IPs
According to Decision No. 1090/QD-UBND, Nam Dinh People’s Committee assigned the Provincial IPs Management Board to preside over the preparation of the General Planning Project for the construction of Hai Long IP with a planning area of about 1,100 ha; The planning scope is in 4 communes: Bach Long, Giao Long, Giao Chau, Giao Nhan. For Nam Hong IP, the province assigned the Provincial Industrial Park Management Board to preside over organizing the preparation of the construction zoning project with a planning area of about 200 ha; The planning scope is in 3 communes: Nam Hong, Nam Loi, Nam Thanh. These are a multi-industry IP with advanced and environmentally friendly production.
Thanh Hoa: There is an additional Industrial Park with a scale of 540 ha
Thanh Hoa Provincial People’s Committee has just approved the 1/2000 construction zoning plan of Phu Quy Industrial Park, located in 7 communes of Hoang Hoa district including: Hoang Kim, Hoang Trinh, Hoang Son, Hoang Quy, Hoang Xuyen communes, Hoang Cat and Hoang Quy, Hoang Hoa district. The planning area is about 540 ha. The project functions as a multi-industry IP, with priority given to high-tech industry; manufacturing, processing, mechanical, and automobile industries; pharmaceutical industry; food industry… Labor forecast is about 36,000 – 58,500 people.
Thanh Hoa: Commencement of a 5,000 billion VND textile factory by Hong Kong investors
On May 25, at Thai Thang Industrial Cluster, South Asia Knitwear Limited and Viet Hung Group JSC coordinated to organize the Groundbreaking Ceremony of Nam Ich Thai Thang Textile and Garment Factory project. The project is invested by South Asia Knitwear Limited Co., Ltd., a member of Nam Ich Group (Hong Kong) with a total value of 1,090 billion VND. Itt is planned on an area of 81,972 sqm, aiming to produce high quality woolen textile and garment products to serve the Vietnamese market and export. Construction of the factory will be carried out from now until January 2025.
Thai Binh: Approving the Investor to build Tam Quang Industrial Cluster
Thai Binh People’s Committee has decided to lease 9.2 ha of land to Huong Sen Group JSC to build and operate the infrastructure of Tam Quang Industrial Cluster (phase 1). The project has 3.7 ha in Tam Quang commune and nearly 5.5 ha in Dung Nghia commune, Vu Thu district. Of which, the area of industrial planning land is more than 6.7 ha, 0.9 ha of traffic land, 1.07 ha of greenery planning land, and 0.48 ha of wastewater treatment planning land. The land lease period is until April 27, 2060. The form of land lease is that the State leases the land and pays annual land rent.
Ha Nam: Gaw NP Industrial inaugurated GNP Dong Van III Industrial Center
Recently, Dong Van III Industrial Center was officially inaugurated at Dong Van III Supporting Industrial Park (Phase II), Duy Tien town, Ha Nam province. The project is built on a land area of 160,000 sqm, GNP Dong Van III provides the market with nearly 100,000 sqm of high-quality ready-built factories and warehouses for rent. At the event, the signing ceremony of a factory rental memorandum of understanding between Gaw NP Industrial and DOHI KENMA Corporation, a leading bearing supplier in Japan, also took place.
Long An: Thai Tuan Group built a textile products factory worth more than 12,000 billion
On May 25, Thai Tuan Group JSC held a groundbreaking ceremony to build a textile products finishing factory in Duc Hoa district, Long An province. The project has a land area of more than 36 ha, a scale of 180 million meters of fabric/year, equivalent to 36,000 tons of products/year, with a total investment capital of over 12,000 billion VND. Previously (June 2022) in Long An, Thai Tuan Group held the Groundbreaking Ceremony of Thai Tuan High-Tech Complex Project with a total investment of 16,000 billion VND. The project is built in Duc Hoa III Industrial Park, with a total area of 85 ha.
LOGISTICS
Vietnam: Binh Dinh and Gia Lai expect to build a 37,000 billion expressway connecting Quy Nhon – Pleiku
The Chairman of the People’s Committee of Binh Dinh and Gia Lai provinces co-signed an official dispatch to the Prime Minister on the proposed investment plan for the Quy Nhon – Pleiku Expressway Project. This project will have a complete investment scale of 4 lanes, roadbed width of 24.75 m, length of 143.2 km, total expected investment of 37,653 billion VND.
The project implementation progress is to prepare for investment in 2024-2025, with basic construction completed before 2030.
Ho Chi Minh: Ho Chi Minh City Seaport has the potential to become a special Seaport
Deputy Prime Minister signed Decision No. 442/QD-TTg approving the adjustment of the Master Plan for development of Vietnam’s seaport system in the period 2021 – 2030, vision to 2050. Accordingly, vision to 2050 , completing investment in Cai Mep Ha ports, continuing to invest in Can Gio (HCMC) international transshipment port area to form a large-scale international transshipment port cluster of Asian and international stature. at the mouth of Cai Mep River (including Cai Mep and Can Gio wharf areas), completing the relocation of wharfs on Saigon River…
Lam Dong: Lien Khuong Airport is planned as an international airport
The Ministry of Transport has just issued Decision No. 610/QD-BGTVT approving the planning of Lien Khuong airport for the period 2021 – 2030, with a vision to 2050. Accordingly, the goal for the period 2021 – 2030, Lien Khuong airport, Lam Dong province is planned as an international airport, with a capacity of 5 million passengers/year, 2.5 times more than the current level, and 20,000 tons of goods/year.
By 2050, capacity will be increased to 7 million passengers/year and 30,000 tons of cargo/year.
Ba Ria-Vung Tau: Signing a MoU connecting 2 adjacent seaports at Cai Mep-Thi Vai
On May 24, in Phu My Town, Cai Mep-Thi Vai Tan Cang Port (TCTT) of Saigon Newport Corporation and Cai Mep International Port (CMIT) co-organized held the opening ceremony of the port connecting the two ports TCTT-CMIT. These are two adjacent seaports in the Cai Mep deep-sea port area and have many similarities in terms of wharf infrastructure to connect to form a common wharf between the two ports. The wharf length of each port is 600m, so when connecting the two ports, it will form a common wharf of 1,200m long that can receive 3 mother ships to handle cargo at the same time.
Quang Ninh: Vinaconex plans to sell Van Ninh International Port
Vinconex has just announced that it will transfer all investment capital at Van Ninh International Port JSC to interested investors. The expected transfer scale is 2 million shares. Implementation progress is expected to be completed before June 20. Van Ninh general port has a total research and planning area of 480 ha. Phase 1 with a scale of 83 ha will be started in 2021 and Vinconex is expected to put the project into operation in 2024.
The port functions as a focal point for gathering and distributing Vietnam’s imported and exported goods to the Chinese main force.
Source: Catherine Huỳnh
