BI-WEEKLY NEWS HIGHLIGHTS (VIETNAM)
01.03.23 - 12.03.23
INDUSTRIAL - LOGISTICS - COMMERCIAL - ECONOMICS
INDUSTRIAL
MARKET HIGHLIGHTS
Vietnam: become the new Factory
Hub of the world?
According to Dr. Ho Quoc Tuan, University of Bristol (UK),
Opportunities:
Trade tensions between the US and China; The COVID-
19 pandemic and the conflict in Ukraine are the main
factors driving the transition of the global supply chain,
mainly from China.
The urgent need to diversify the global supply chain in
the face of risks has created an opportunity for Vietnam to
become one of the world's new factories, sharing
manufacturing services from China.
Challenges:
The level of Vietnamese workers is still limited and there
is still a shortage of highly qualified human resources.
Infrastructure challenges such as the Internet, Railway,
Airway infrastructures,...
Digital and Technology transformation is still slow.
The policies and strategies for industrial development are
not comprehensive, not only for foreign enterprises but also
for domestic enterprises.
Dong Nai: Industrial land bank is
gradually exhausted.
According to Dong Nai Provincial People's Committee,
Current Status:
The remaining land fund in industrial parks that have been
built with complete infrastructure is not much, especially in
industrial parks in Long Thanh, Nhon Trach and Bien
Hoa districts.
The industrial land fund has been occupied about 86%. The
remaining area is about 300 hectares, but it is scattered so
it is difficult to meet the requirements of enterprises.
New industrial parks that are in the process of being
established face problems related to investment
procedures, treatment of rubber land, forest land,
determination of auction, bidding, zoning planning, etc.
Solutions:
Establishing a working group to implement solutions of
removing obstacles for new industrial park projects.
Striving to deploy a series of key traffic works to
complete the connection infrastructure.
The province aims to attract investment projects in the field
of environmentally friendly economic development,
selective projects, towards a green industry.
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Vietnam: continue to develop the
Eco-Industrial Zones.
According to the project's mission "Deploying Eco-Industrial
Parks in Vietnam according to the approach from the Global
Eco-Industrial Park Program",
Swiss Federal Economic Service (SECO).
UNIDO.
Ministry of Planning and Investment and
Vietnamese ministries, branches and localities..
Execution Plans:
SECO & UNIDO continue to support Financial and
Technical, Experiences & Accompany in implementation.
All related Departments work closely together to finalize
legal regulations, and standards for the implementation of
industrial symbiosis and to build new eco-industrial parks.
Continue to spread technical and financial support to
many industrial parks according to each level of
development; building and completing an information
system to support assessment, certification, monitoring and
supervision of the eco-industrial park.
Develop a mechanism for dialogue and public-private
cooperation to remove obstacles and accelerate the
implementation of eco-industrial parks; training and
communication activities on eco-industrial parks in
accordance with the Government's orientation of green
growth and circular economy.
Vietnam: Why the land price in the
South higher than in the North?
The Industrial land price in the South exceeds the
North by over 40%.
Leading the South is Ho Chi Minh City with land price
reaching $300/sqm for the whole period, 28% higher than
Hanoi ($235/sqm).
The average land price in the Southern key economic
regions is $159/sqm for the whole period, 42% higher than
that of the Northern key economic regions ($112/sqm).
Reasons:
Thanks to early development, ahead of attracting
investment with a dynamic center is Ho Chi Minh City.
The supply of industrial land in the South is mainly
concentrated in the neighboring provinces of HCM or Cai
Mep, or Cat Lai ports. This causes the southern region to
have a shortage of land available for industrial
development, which is also a factor pushing up rents.
Catherine Huỳnh
 BI-WEEKLY NEWS HIGHLIGHTS (VIETNAM)
01.03.23 - 12.03.23
INDUSTRIAL - LOGISTICS - COMMERCIAL - ECONOMICS
INDUSTRIAL
INDUSTRIAL PROJECT HIGHLIGHTS
Ho Chi Minh: convert Export
Processing & Industrial Zones into an
Ecological Model.
Ho Chi Minh City is developing a plan to develop EPZs and
IZs in the period of 2025-2030, with a vision to 2045,
Solutions:
Consider extending the operation period or expanding
the production scale of the project if the enterprise does
not convert technology and reduce labor intensity as
prescribed.
Encourage enterprises to buy back land and factories of
enterprises using outdated technology to attract new
projects with more advanced technology.
Coordinate with industrial park management boards of
provinces to find land funds to introduce businesses that
need to relocate…
Hepza will provide an official information about the
city's policy on the program in March 2023.
Binh Duong: Korean enterprises
expect to invest in Carbon Neutral
Industrial Park.
The first Carbon Neutral Industrial Complex for
the Footwear Industry and Carbon Reduction
Infrastructure in Vietnam.
SEP Group (including 20 member enterprises)
Phu Giao district, Binh Duong.
180 hectares Over 200 million USD
Vinh Long: invest in the Resettlement
Area of Binh Tan Industrial Park.
On March 3, Vice Chairman of Vinh Long Provincial People's
Committee signed Decision No. 426/QD-UBND approving the
investment policy of the resettlement project of Binh Tan
Industrial Park.
Tan Quoi town, Binh Tan district, Vinh Long.
98,500 sqm 299,232 billion VND
Serving about 317 households (Total plots are 317 lots
and arranged into 36 separate zones)
Project implementation time in 2023 - 2025
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Bac Giang: update progress of Quang
Chau Industrial Park Expansion.
Current Status:
Completed the acquisition and compensation of 57.7
hectares and handing over to Kinh Bac Investor.
Completing the application for change of purpose according
to the plan for the remaining 32.3 hectares.
Currently, the application for adjustment of two land lots
CN4 and CN5 has been appraised by the Department of
Construction and submitted to the Provincial People's
Committee for approval.
The environmental impact assessment report was
approved by the Ministry of Natural Resources and
Environment in February 2023.
Dossier of application for approval of fire prevention
and fighting work of industrial park infrastructure is being
completed.
The investor is also planning to invest in technical
infrastructure.
Ha Nam: Thai Ha Industrial Park
Phase 2 is approved to expand more.
Deputy Prime Minister Le Minh Khai has just signed Decision
179/QD-TTg approving the investment policy of Thai Ha IP 2
infrastructure investment project & construction.
Hop Tien Co., Ltd
Bac Ly, Tran Hung Dao commune and Chan Ly
commune, Ly Nhan district, Ha Nam.
100 hectares 976.83 billion VND.
Project Period: March 6, 2023 - November 15, 2069.
Project Implementation: no more than 36 months from
the date of land handover by the State.
Hai Duong: An Phat Industrial Park 1
– A bright spot to attract FDI
An Phat Holdings and Actis Investment Fund (UK)
Bac Ly, Tran Hung Dao commune and Chan Ly
commune, Ly Nhan district, Ha Nam.
180 hectares (P1) 2,000 billion VND
Complete infrastructure construction in 2023
Become a high-tech and sustainable Industrial Park.
Attract 25-30 manufacturing factories in fields:
electronics, mechanics, logistics, supporting industries.
Catherine Huỳnh
 BI-WEEKLY NEWS HIGHLIGHTS (VIETNAM)
01.03.23 - 12.03.23
INDUSTRIAL - LOGISTICS - COMMERCIAL - ECONOMICS
INDUSTRIAL
INDUSTRIAL PROJECT HIGHLIGHTS
Dong Nai: land auction for Industrial
Clusters.
On March 3, Dong Nai Provincial People's Committee started
the land auction plan of Dong Nai province from 2023 to
2025, including:
PHU TUC Industrial Cluster Project - 48 hectares
The starting price is over 100 billion VND
LONG GIAO Industrial Cluster Project - 56 hectares
The starting price is over 309 billion VND
Binh Dinh: approve 3 new Industrial
Clusters.
On March 3, the People's Committee of Binh Dinh has issued
3 decisions approving the 3 investment projects including:
BINH AN Industrial Cluster - 38 hectares
Thinh Tien Co., Ltd 305 billion VND
Phuoc Thanh Commune, Tuy Phuoc District
HOAI HUONG Industrial Cluster - 11 hectares
Thien Kim Co., Ltd 88 billion VND
Hoai Huong ward, Hoai Nhon town
DE DUC-HOAI TAN Industrial Cluster - 15 hectares
Tan Lap Co., Ltd 85 billion VND
Hoai Tan Ward, Hoai Nhon Town
Tra Vinh: call for Investment in 6
Industrial Zones & Clusters
DINH AN Industrial Park (Dinh An EZ) - 591 ha -
3,550 billion VND.
DON XUAN Industrial Park (Dinh An EZ) - 934 ha -
5,600 billion VND.
URBAN - SERVICE - INDUSTRY PROJECT (Dinh
An EZ) - 1,241 ha - 7,400 billion VND.
LUU NGHIEP ANH Industrial Cluster (Luu Nghiep
Anh Commune, Tra Cu District) - 31.52 ha - 291 billion
VND.
BINH PHU Industrial Cluster (Binh Phu commune,
Cang Long district) - 33 ha - 305 billion VND.
SA BINH Industrial Complex (Long Duc Commune) -
32.58 ha - 301 billion VND.
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Khanh Hoa: How is Van Phong
Economic Zone planned?
Regarding the Tourist Area & Tourist Services:
Has an area of ​about 2,613 hectares.
Regarding the Industrial Park:
Including: Ninh Thuy with 208 ha, Doc Da Trang with 288
ha, Ninh Diem with 290 ha; ...
Regarding the Seaports, Airports and Logistics
Service Centers:
Total area of about 2,300 hectares, including: North Van
Phong wharf area is about 141 ha, Nam Van Phong wharf
area is about 661 ha; Functional area for industrial
development & logistics in Ninh Phuoc is about 950 ha;
The airport at Van Thang is about 550 ha,...
Binh Dinh: the 2023 target of Nhon
Hoi Economic Zone.
According to Binh Dinh Economic Zone Management Board,
the target of 2023,
Attract Investment Capital in Nhon Hoi EZ and
Industrial Zones reached VND 3,192 billion, an
increase of 2.15 times compared to 2022.
Revenue of Enterprises reached 54,190 billion VND,
up 15.2%.
Export Turnover reached 602 million USD.
Contribute to the State Budget 1,059 billion VND.
Thanh Hoa: build and develop Nghi
Son Economic Zone.
Follow the program "Project on site clearance, investment in
construction of resettlement areas and site clearance of
Industrial Zones in Nghi Son Economic Zone".
1,500 hectares 11,300 billion VND
2023 - 2024: focus on site clearance, invest in
building 3 resettlement areas in Anh Son and Cac Son
communes.
2023 - 2025: site clearance, construction investment
in 4 resettlement areas in 2 communes Thanh Son,
Ngoc Linh and 2 wards Mai Lam, Truc Lam.
2025 - 2027: carry out site clearance of industrial park
No. 21 with an area of 395 ha and industrial park No.
6 with an area of 549 ha.
Nghi Son EZ will become one of the key Coastal
Industrial-Urban and Service Centers of Vietnam.
Catherine Huỳnh
 BI-WEEKLY NEWS HIGHLIGHTS (VIETNAM)
01.03.23 - 12.03.23
INDUSTRIAL - LOGISTICS - COMMERCIAL - ECONOMICS
INDUSTRIAL
INDUSTRIAL PROJECT HIGHLIGHTS
Viet Nam: Google is considering
moving the production line to VN.
"Google is currently interested in gradually shifting
the production line of some devices to Vietnam, so it is
very interested in Vietnam's policies in the field of
supporting industries, developing high-quality human
resources. and taxes," said by Darren Ward, Senior
Director of global sourcing at Google Corporation.
Other sources also said that Google's new smartphone
production line shall established in VN after 2023.
Viet Nam: Goertek increases
investment in Vietnam market.
"In 2023, Goertek will deploy 01 new project in Bac
Ninh, with a scale of more than 300 million USD, to
meet the needs of customers", shared by General
Director of Goerrek Vina Company.
Binh Dinh: aims to attract 60 new
Projects in 2023.
According to Binh Dinh Department of Planning and
Investment, the province aims to attract 60 new projects of
domestic and foreign investors in 2023, iin which:
Prioritize attracting projects with modern technology,
high knowledge content, environmentally friendly,
efficient use of resources, and products with
competitive advantages.
Focus on attracting small and medium investors with
clean and high technology from Japan, Korea, the
United States, Australia, New Zealand, Israel and
European countries.
Thanh Hoa: about to launch a Steel
Rolling Mill project.
Thanh Hoa Provincial People's Committee has signed
Decision No. 611 on approval of investment policy and
approval of investors to implement the project DST Nghi Son
Steel Rolling Plant.
Industrial Park No. 4, Tan Truong Commune, Nghi
Son Town (belonging to Nghi Son Economic Zone)
DST Nghi Son Iron and Steel Joint Stock Company
51 hectares
5,500 billion VND
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Thai Nguyen: Sunny Group continues
to invest more capital.
Sunny Group Industrial Center
(specializes in manufacturing infrared lenses for cars,
phone camera modules, surveillance cameras)
Yen Binh Industrial Park (Pho Yen District)
Currently, Sunny is implementing the expansion
phase, with a scale of 37 million USD, expected to be
completed and put into operation in December 2023.
After that, Sunny will continue to invest in the 2-2.5
billion USD project, which is expected to be
completed within 5 years from the date of issuance
of the investment registration certificate.
Hanoi: LG Electronics opens an R&D
Center, focusing on Auto parts.
According to Yonhap News source:
On March 8, LG celebrated the opening of a New
Center in Hanoi to further promote its R&D center,
focusing on Software Development and Testing of in-
Vehicle Products (telecom, audio, video and navigation
equipment)
The company said it will increase the number of highly
qualified employees by more than 30% from 750
currently to 1,000 by 2024.
Long An: Phytopharma put the
Pharmaceutical Warehouse into
operation.
On March 10: Inauguration of Pharmacy Warehouse
Long Hau Industrial Park, Can Giuoc District.
17 million USD
The 3-Storey Block Building with GFA 15,000 sqm,
includes: Cool storage (12,000 pallets; Frozen storage
(1,300 pallets); Office and other funtions (5,000 sqm).
Viet Nam: German Enterprises
invest in the largest Plastic Waste
Recycling Plant.
On the March 01, in Hanoi, ALBA Asia Group and VietCycle
Company announced the signing of a cooperation agreement
to jointly develop the largest PET/HDPE Plastic Recycling
Plant with food packaging quality in Vietnam.
50 million USD up to 48,000 tons/year
Catherine Huỳnh
BI-WEEKLY NEWS HIGHLIGHTS (VIETNAM)
01.03.23 - 12.03.23

vcci, cafef, vietnambiz, baodautu, saigondautu, vneconomy, vietnamplus Catherine Huỳnh