INDUSTRIAL MARKET
Vietnam: Promulgating the Strategy for Developing Vietnam’s Semiconductor Industry to 2030
The Prime Minister signed Decision No. 1018/QD-TTg dated September 21, 2024 promulgating the Strategy for Developing Vietnam’s Semiconductor Industry to 2030 and Vision to 2050. Accordingly, Vietnam will implement the strategy in 3 phases: Phase 1 (2024 – 2030), Phase 2 (2030 – 2040), Phase 3 (2040 – 2050) with tasks: Developing specialized chips, Developing the Electronics Industry, Developing human resources and attracting talents in the semiconductor field, ect.
Vietnam: FDI enterprises prioritize choosing Green Industrial Parks when renting factories
A survey by KPMG with the participation of 200 FDI enterprises shows that, in addition to factors such as location, labor resources or logistics infrastructure, industrial parks that meet green criteria are one of the top priorities of FDI companies when choosing investment locations in Vietnam. Another report shows that about 80-85% of FDI enterprises have high requirements for ESG standards when choosing locations to rent factories, prioritizing sustainability factors.
Hanoi: Construction of Kim Bai Industrial Cluster commenced
On September 20, Thanh Oai District, Hanoi held a groundbreaking ceremony for the construction of Kim Bai Industrial Cluster. This is a multi-industry cluster, with a scale of 48.8 ha, with a total investment of more than 1,000 billion VND. This project aiming to attract businesses to invest in high-tech, supporting industries, and clean production; to move businesses that are producing in residential areas, causing environmental pollution, to produce in this project.
Binh Phuoc: Planning a series of new Industrial Parks and Industrial Clusters
In order to anticipate the trend of investment shifting to create development momentum, Binh Phuoc aims to develop 8,290 hectares of industrial parks, 25,864 hectares of economic zones, 730 hectares of industrial clusters by 2025, with an investment rate of 3 – 3.5 million USD/ha; by 2030, develop 11,522 hectares of industrial parks, 25,864 hectares of economic zones, 1,279 hectares of industrial clusters, with an investment rate of 3.5 – 4 million USD/ha.
Ba Ria – Vung Tau: Approval of investment in My Xuan B1-CONAC Industrial Park expansion
The Deputy Prime Minister has just signed Decision No. 996/QD-TTg dated September 17, 2024 approving the investment policy for the project to invest in construction and business of infrastructure of My Xuan B1-CONAC Industrial Park expansion; at the same time, approving IDICO Petroleum Construction Investment Joint Stock Company as the project investor. The project is implemented in My Xuan ward, Phu My town with a total investment capital of VND 1,988,636 billion.
Dong Nai: Approval of investment policy for Bau Can – Tan Hiep Industrial Park Project
On September 19, Deputy Prime Minister signed Decision No. 1005/QD-TTg on the investment policy for the Bau Can – Tan Hiep Industrial Park infrastructure construction and business project (phase 1) and approved the investor, Tan Hiep Industrial Park Joint Stock Company. This location must be within the planning of Dong Nai province approved by the Prime Minister, as well as within the general planning of Bau Can – Tan Hiep Industrial Park approved by the Provincial People’s Committee.
Binh Dinh: New Industrial Cluster of Nearly 40 Hectares Established
The People’s Committee of Binh Dinh Province has just approved the investment policy for the Project of Construction and Operation of Technical Infrastructure of Ta Suc Industrial Cluster (Phase 3). It has a land use area of 35 ha with a total investment capital of VND 187.71 billion, implemented in Dinh Truong village, Vinh Quang commune, Vinh Thanh district. The progress of completing the entire project is no more than 24 months from the approval date.
Binh Dinh: Awarding investment certificate for project worth over VND2,000 billion to Singaporean Enterprise
Binh Dinh Economic Zone Management Board has just coordinated with Becamex Binh Dinh JSC to organize the ceremony to award the investment registration certificate for the Freeze-dried Instant Coffee Factory Project to Food Empire Holdings Group (Singapore). This is a 100%foreign-invested project invested by Food Empire Group in Becamex VSIP Binh Dinh Industrial Park, Nhon Hoi Economic Zone. The project has an area of 7.11 ha, with an investment capital of over VND2,002 billion.
Lang Son: Viet Trung -Viet Uc Steel Joint Venture invests in Na Duong 2 Industrial Cluster
The Na Duong 2 Industrial Cluster project in Dong Quan commune, Loc Binh district, will be invested by the Viet Trung Infrastructure Joint Stock Company – Viet Uc Steel Joint Stock Company Joint Venture. The project has a land use scale of 45.6 hectares, with a total investment capital of 464.6 billion VND. The project’s operating period is 50 years.
The implementation progress is within 24 months from the date the State allocates and leases land.
Vinh Phuc: Korean ‘giant’ builds $100 million Semiconductor Factory
Signetics (part of Young Poong Group) will invest in a$100 million semiconductor factory project in Vinh Phuc. The project will be built on an area of over 5 ha in Ba Thien Industrial Park – Sub-zone I with a total investment of $100 million. It is expected that the company will start construction of the factory and start production by the end of this year, striving to have the first product in October 2025.
Quang Nam: Korean Enterprise invests another 7.2 million USD in Tam Thang Industrial Park
On September 19, Chu Lai Industrial Park Infrastructure Development Company Limited (CIZIDCO) announced that it had just signed a Memorandum of Investment Agreement at Tam Thang Industrial Park with OCC Vina (Korea). Accordingly, OCC Vina Company will invest in a factory producing packaging industry support products here, with a total area of about 32,000 sqm. This project has a total investment capital of more than 182 billion VND; equivalent to 7.2 million USD.
Ha Tinh: Taiwanese Enterprise plans to Build a Factory Worth Over 100 Million USD
Dai Loi Pho Group, specializing in developing and supplying materials for the sports shoe manufacturing industry, is looking to choose Lac Thien Industrial Cluster, Duc Tho District to invest in a factory. It is expected that the group will invest 100 million USD to build a factory on an area of about 30 hectares here, creating jobs for about 4,500-5,000 workers. In addition, the group plans to open another factory about 20km from Lac Thien Industrial Cluster after this factory comes into operation.
LOGISTICS MARKET
Vietnam: “Super Port” connecting 20 Industrial Parks with major Seaports and Airports
Recently, SuperPort Vietnam, a joint venture between YCH Group (Singapore) and T&T Group (Vietnam) held an event to announce the new Vision of SuperPort Vietnam. This project was started at the end of 2021 with an area of 83 hectares; total investment capital of 166 million USD, recognized as the first “super port” of the smart logistics network in the ASEAN region, with the integrated function of a Distribution Center and an Inland Container Depot (ICD) serving the provision of logistics services;…
Hai Phong: Important transport projects to be implemented
The Ministry of Transport said that according to the road network planning, the Ninh Binh-Hai Phong expressway with a length of about 109 km will be invested before 2030. Regarding investment in the Lao Cai-Hanoi-Hai Phong railway line with a length of about 380 km, the Hanoi-Hai Phong section will be invested before 2030 and the Hanoi-Lao Cai section will be invested after 2030. And priority will be given to the investment project to upgrade Quang Ninh-Hai Phong-Ninh Binh waterway route.
Ba Ria – Vung Tau: Proposal to add more than 1,500 billion VND to build Bien Hoa -Vung Tau expressway interchange
Ba Ria – Vung Tau Provincial People’s Committee has proposed to add investment to build an interchange between Bien Hoa – Vung Tau expressway and My Xuan -Ngai Giao – Hoa Binh road (DT.991) with a total estimated investment of more than 1,580 billion VND. The project will help connect with many important routes such as National Highways 51, 56, Cai Mep – Thi Vai inter-port road, Phuoc An bridge and connect with Binh Thuan. It is expected to have a minimum scale of 8 lanes by 2050.
Da Nang: Investing in a Logistics Service Center worth over VND 550 billion
Da Nang Port Joint Stock Company is implementing a plan to select a contractor to implement the Investment Project to build a Logistics Service Center in Hoa Vang District. The project has a total investment capital of VND550.085 billion. This is the first logistics center of Da Nang City and the Central key economic region. The center has the function of providing comprehensive and high-quality services in the delivery and storage of goods, supervision of consignments, customs services, etc.
Source: Catherine Huỳnh
