Business News

Export of raw materials to China, traditionally a major market for Vietnamese products that accounts up to 60 per cent of the country’s total export volume, plummeted as China cut back on imports. Among the most affected was yarn export with the price continuing to fall as fears of further tariffs being slapped on an additional US$250 billion worth of Chinese goods linger.

Driven by the rapid urbanization and strong industrial growth of Dong Nai province, Giang Dien Industrial Park was set up to meet investor demands in this dynamic economic region. After more than 10 years of operation, the industrial park has become a magnet to investors, laid a stepping stone for industrial development breakthroughs and the quick urbanization process in the province and played an active role in realizing the goal of making Dong Nai a modern industrial province by 2030.

Many companies seeking to expand could not find enough land for lease in them and rentals were too high compared to EPZs and IPs in neighbouring provinces. Roads near EPZs and IPs were often overloaded, leading to higher production costs for their tenants and reducing their competitiveness, Tran Trong Tien, a representative of enterprises in Tan Thuan Export Processing Zone said.

The total registered Foreign Direct Investment (FDI) poured in the southern province of Binh Duong over the recent months of 2019 saw a year-on-year increase of 81%, reaching US$2.424 billion.

Vietnam's real estate market is now intransparent in planning, investor selection, project assignment and transactions. Limited information on the market and inaccuracy are causing certain difficulties for real estate investment activities.

Over the last few years, Vietnam has shown it is taking industrial sustainability seriously by implementation of eco-industrial park initiatives. While many challenges remain, innovative technology could be the answer to shaping up a smart and green manufacturing ecosystem.

Phu My Group is a leading industrial and urban real estate developer in Vietnam. With its proven prestige and quality infrastructure for investors as well as its contributions to local social and economic development, Phu My Group is confident of attracting both big investors and small but reliable investors for high added value.

They were also told to send reports on suspicious transactions and reports on cash transactions worth VND300 million (US$12,800) or more to the Department of Housing and Real Estate Market Management under the Ministry of Construction and the State Bank of Viet Nam's Anti-Money Laundering Department.