INDUSTRIAL AND ECONOMIC ZONES READY TO ACCOMMODATE NEW FDI WAVE
Foreign investors are clearly moving their supply chains into Vietnam. In many localities, industrial parks, export processing zones and high-tech zones have prepared necessary conditions to accommodate this investment flow. Our reporter has an interview with Dr. Vo Tri Thanh, Director of the Institute for Brand and Competition Strategy. Thu Ha reports.
VINH PHUC IPS LURE NEARLY 300 MILLION USD IN FDI IN 10 MONTHS
Industrial parks (IPs) in the northern province of Vinh Phuc attracted nearly 300 million USD in FDI in the first ten months of this year, equal to 80 percent of the year’s target.
VIETNAM TO SEE BOOM IN SUPPLY OF INDUSTRIAL PROPERTY NEXT YEAR: SAVILLS
Vietnam will see strong growth in industrial property next year due to higher demand for industrial parks as business expand production or relocate out of China, according to Savills Vietnam.
DRIVERS OF FUTURE CONSUMPTION IN ASEAN
ASEAN is the world’s third most populous economy and is projected to become the fourth largest economy by 2030. By then, domestic consumption, which powers roughly around 60 percent of ASEAN’s gross domestic product (GDP) today, is expected to double to 4 trillion USD.
BANKS RAISE FOREIGN OWNERSHIP RATIO TO IMPROVE FINANCIAL STRENGTH
Việt Nam’s finance and banking is still attracting foreign investors, but experts said the low ownership ratio of 30 per cent capped for foreign investors was a barrier.
E-COMMERCE INDUSTRY SEEKS TO LEVERAGE LOGISTICS GROWTH
Flexible warehousing models that can help businesses optimise their storage are required amid the development of e-commerce, experts have suggested.
ASEAN SMART LOGISTICS NETWORK LAUNCHED
Prime Minister Nguyen Xuan Phuc and his Singaporean counterpart Lee Hsien Loong, via videoconference, witnessed on November 14 the launch of the ASEAN Smart Logistics Network (ASLN) with the Vinh Phuc ICD Logistics Centre (SuperPort) its first project.
DEEP C INDUSTRIAL ZONES - STRONG MAGNETISM TO FOREIGN INVESTORS
As among the most advantageous industrial zones in Hai Phong city, DEEP C industrial zones are located adjacent to the Hanoi-Hai Phong-Quang Ninh Expressway and to Lach Huyen International Port (capable of accommodating ships of up to 40,000 DWT). DEEP C industrial zones have synchronous infrastructure, attractive investment incentives, a friendly investment environment and reliable and conscientious support which has produced a strong appeal to investors, especially foreigners.
