Land for lease at industrial parks (IPs) in southern Vietnam is becoming increasingly scarce, according to data from real estate consultants Jones Lang LaSalle (JLL) on the supply of industrial land in southern IPs during the second quarter of this year.
This month ground was broken for Viet Phat Industrial Park, one of the largest in the country, in Long An province.
With its neighbouring provinces offering competitive land rentals and other incentives at industrial parks to attract investors, HCM City needs to step up its game too.
A total of 135 projects have been put into operation at industrial parks in the northern province of Bac Ninh so far this year, raising the total number of operational projects in local IPs to 1,070.
Opportunities will slip through Vietnamese firms’ hands if a sandbox is not developed soon, NextTech chairman Nguyen Hoa Binh said at a conference on November 7.
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).
Industrial property in the Northern Key Economic Zone (NKEZ) saw strong development in the third quarter of this year, according to Jones Lang LaSalle firm (JLL Vietnam).
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), said Tran Quang Truong, General Director of Tan Binh Industrial Park.
Constant rises in land rents at industrial parks (IPs) lessen the chance for Vietnamese enterprises to build new factories or relocate their production facilities.
Vietnam has been advised to apply Japanese technical standards and remove some obstructions, including those regarding tax and incentives in order to develop the country’s supporting industries.
Experts have recommended a number of measures to increase foreign direct investment (FDI) in HCM City’s export processing zones (EPZs) and industrial zones (IPs).
Vietnam has given priority to green growth during its economic development, according to Inter Press Service (IPS).
Vietnam has to date completed 87 social housing projects with some 28,800 apartments for workers at industrial parks (IPs), meeting just 28% of the demand, according to the Ministry of Construction.
The rate of land rental in the industrial parks (IPs) and industrial clusters in the southern province of Binh Duong has reached 80.8% and 70.6%, respectively, according to the provincial Department of Planning and Investment.
The southern province of Ba Ria-Vung Tau has urged for closer coordination in environmental protection and management at local industrial parks (IPs).
The Mekong Delta province of Kien Giang has called for investments in infrastructure projects in Thanh Loc, Thuan Yen, Xeo To, Tac Cau and Kien Luong II industrial parks (IP) with a total area of 763 hectares.
Measures to help the northern port city of Hai Phong to attract foreign direct investment (FDI) in 2018 were discussed during a recent meeting of the municipal People’s Council .
Deputy Prime Minister Vuong Dinh Hue just approved the equitisation plan of state-owned Vietnam Rubber Group under which more than 11 per cent of the group’s chartered capital will be earmarked for domestic strategic partners, but not foreign ones.
This year’s merger-and-acquisition movement is coming to a somewhat quiet close in terms the fourth quarter of completions, but deals that have been stuck in due diligence or with approvals are finally moving forward.
Protecting internet users’ personal information remains a problem in Vietnam as current laws do not mention the issue, according to Nguyen Quang Dong from the Institute for Policy Studies and Media Development (IPS).