Enterprises in industrial parks (IPs) of the northern province of Bac Ninh aim to generate VND1.2 quadrillion in industrial production value in 2020.
Vietnamese Minister of Planning and Investment Nguyen Chi Dung has called on Japanese infrastructure developers to build industrial parks for Japanese investors in Vietnam in an effort to welcome a new investment wave.
The Southern Key Economic Zone (SKEZ) is facing a number of problems that need to be resolved to boost economic development in the region.
The southern province of Dong Nai secured US$1.46 billion for 190 FDI projects during January-October, surpassing its annual target by 46%.
During the first nine months of 2019, industrial park companies achieved impressive business results, especially developers who own large-scale land banks for lease.
The southern province of Dong Nai plans to add more industrial parks for the 2021-30 period, according to the Dong Nai Industrial Zones Authority (DIZA).
The Prime Minister has approved the Thai Binh economic zone master plan in the northern province of Thai Binh till 2040, with visions toward 2050.
Northern Key Economic Zone (NKEZ) witnessed strong developments of industrial property in the third quarter of 2019 with Hanoi leading the most attractive destinations for its favourable conditions, according to JLL.
To attract more investment, especially from overseas, Ho Chi Minh City needs to renovate and reform its export processing zones (EPZs) and industrial parks (IPs), according to expert.
The occupancy rate at operational industrial parks (IPs) nationwide hits nearly 75 percent, according to the Economic Zone Management Department under the Ministry of Planning and Investment.
The Tokyo-based company Sumitomo will add about 290 hectares to two of its three industrial parks outside Hanoi, which host roughly 190 companies, to cater to the industrial growth and expansion of many FDI companies.
$10.1bn in FDI came the way of IPs and EZs in the first nine months.
Most industrial parks in the country, including in the southern key economic zone, lack housing for workers, said Phan Van Anh, Vice President of the Vietnam General Confederation of Labour.
Hanoi and Ho Chi Minh City, Vietnam’s two biggest cities and industrial hubs, are expecting major expansions as demand continues rising in respect to US-China trade war.
Government of the Northern province Vinh Phuc will revoke the investment license for 2 industrial parks, with a total investment cost of nearly VND 3.7 trillion.