INDUSTRY

Despite a 7.6 percent annual increase in rental prices, the demand for IZ land continues to grow due to the rapid growth of manufacturing industries. In the first quarter of 2019, the average occupancy rate of IZs in the five most dynamic cities of the Northern Key Economic Zone was 72 percent, with Hanoi taking the lead, followed by Bac Ninh and Hung Yen. Among localities in the north, Bac Ninh and Hai Phong are the top foreign direct investment (FDI) attractors. Adequate infrastructure connects these localities with major consumer markets nationwide, and along with improved business support policies by local governments, these localities will remain attractive investment destinations. JLL Vietnam data show that five major cities and provinces in the north have 9,371ha of industrial land for lease. An additional 13,077ha of industrial land in the five cities and provinces of the Northern Key Economic Zone, including Hai Phong, Bac Ninh, Hung Yen, Hai Duong and Hanoi, are expected to … [Read more...] about Vietnam’s industrial zones: A vibrant market segment

The Hanoitimes - Vietnam lacks two million logistics workers, according to the Vietnam Logistics Research and Development Institute. Vietnam featured in world’s top 10 emerging markets logistics Market leaders discuss potential of Vietnam’s cold chain and logistics sector Demand for e-logistics in Vietnam projected to boom Vietnam’s high logistics costs is against global trend: Deputy PM Nearly 30,000 logistics businesses are operating in Vietnam, of which domestic businesses accounted for 89% but hold merely a 20% market share, meanwhile foreign-owned and joint venture peers accounted for 11% but take the upper hand with a 80% market share, according to statistics from the Vietnam Logistics Business Association (VLA).   Illustrative photo In addition, while making up the majority of logistics businesses, most of domestic logistics firms provide services in small supply chains in the country in some segments including transporting, warehousing … [Read more...] about Vietnam’s logistics market dominated by foreign firms

The 15th Saigon Autotech and Accessories Show officially opened at the Saigon Exhibition and Convention Center in Ho Chi Minh City on May 23. Visitors to the show - Photo: VNA The event featured 300 pavilions by enterprises from Vietnam and many foreign countries, including the US, Japan, the Republic of Korea, China, Thailand and Malaysia. Notably, the show also gathered various leading global brands in the field of autotech, such as VEAM CORP, TECH Internation, Power Centric, Palfinger Asia and Makita. During the four-day event, various activities are being held, including seven key trade sessions of the automobile - motorbike and supporting industries and the fourth international Car Audio Competition. Over the past few years, Vietnam has continuously implemented policies supporting the supporting industry in general and the accessories in the field of autotech in particular, said Phan The Anh, a representative from the Ministry of Industry and Trade. He also noted that, … [Read more...] about Saigon Autotech & Accessories Show features 300 pavilions

(VEN) - Industrial parks (IPs) in Vietnam play an important role in attracting foreign investment, promoting export growth, increasing gross domestic product (GDP) and employment development. However, Vietnam needs specific policies to develop IPs into ecological industrial parks (EIPs) to reach sustainable development. Hoa Khanh Industrial Park in the central coastal city of Da Nang was selected to participate in the pilot ecological industrial project in Vietnam Ecological industrial parks are recognized increasingly as an effective model that can help IPs develop on a sustainable basis with decreasing consumption of natural resources. According to Tuong Anh, representative of the organization for construction of technical guidelines for EIPs in Vietnam, environmental management and natural resources efficiency, cleaner production and green infrastructure are the core values of an EIP. Successful EIPs are found in many countries including China, the Republic of … [Read more...] about Vietnam launches ecological industrial parks

The Hanoitimes - “The Vietnamese government is ready to experience new things such as fintech, high-tech taxis and even looking forward to the Sandbox framework." Facebook Vietnam’s former CEO takes charge of ride-hailing app Go-Viet South Korean’s ride-hailing app Tada to offer service in HCM City this month Ride-hailing Go-Viet kicks off full operation in Vietnam Ride-hailing Grab fears no competitors: Co-founder Minister of Information and Communications Nguyen Manh Hung has stressed that Vietnam strongly supports the development of technologies and business models such as fintech and ride sharing app. Besides, in 2019, the government allows, on a trial basis, the payment with mobile phones. Payment with smartphones (mobile money) might be in conflict with the banking system and few countries in the world are willing to apply.   Overview of the forum. Photo by Cafef “The Vietnamese government is ready to experience new things such as … [Read more...] about Vietnam opens its mind for fintech and ride-sharing service