VOV.VN - Deputy Prime Minister Truong Hoa Binh has expressed his desire for stronger cooperation between Vietnam and Singapore during a reception for outgoing Singaporean ambassador Catherine Wong Siow Ping in Hanoi on Dec. 24.

The benefits of recent trade agreements, low labour costs, and highly appealing incentives are amplifying the nation's appeal and encouraging manufacturers hit by US tariffs to relocate out of China.

VOV.VN - As part of the world's largest financial publication, Nikkei Asia has recently published an article which unveils Foxconn’s plans to expand production in the nation with an investment of approximately US$270 million.

The Ministry of Planning and Investment (MPI) and the United Nations Industrial Development Organisation (UNIDO) have launched the project “Eco-industrial Park Intervention in Vietnam - Perspective from the Global Eco-Industrial Parks Programme”.

HCM City is focusing on developing smart industrial parks to attract hi-tech businesses and innovative start-ups.

The southern province of Binh Duong, which is a major destination for foreign investment in Vietnam, has been focusing on developing industrial parks.

The occupancy rate at operational industrial parks in the major industrial localities in the south averaged 84.5% during January-September, according to a report from CBRE Vietnam.

Deputy Prime Minister Truong Hoa Binh attended a ground-breaking ceremony for the Becamex VSIP Binh Dinh Township and Industrial Park on September 27.

Despite COVID-19 affecting global production and supply chains, the northern province of Bac Ninh has maintained significant growth in FDI flows into its industrial parks (IPs).

Despite short-term difficulties, the prospects for industrial park stocks will increase after the COVID-19 pandemic is over, driven by the relocation of global firms to diversify supply chains, with many picking Vietnam as their destination.