Burnside eco industrial park

A VND4.5-trillion (US$193.6 million) industrial park is set to be built later this year in the northern Vietnamese city of Hai Phong. The Hai Phong Economic Zone Authority (HEZA) organized a ceremony on Wednesday afternoon to grant an investment registration certificate for the construction of Tien Thanh Industrial Park in Tien Lang District. Construction of the new industrial park, expected to cost more than VND4.5 trillion, will begin later this year on an area of 410.46 hectares. The industrial park is expected to be put into operation before 2025. Speaking at the certificate handover ceremony, HEZA head Le Trung Kien stressed its determination in ensuring the project’s progress by creating favorable conditions for the developer. Once completed, Tien Thanh Industrial Park will increase the number of industrial parks in Hai Phong to 15 parks which span a total of 6,074.75 hectares. In the first six months of 2022, Hai Phong’s industrial parks and economic zones have … [Read more...] about Northern Vietnamese city to establish new US$193.6mn industrial park

Electronics, textiles Hai Duong currently has more than 130 large projects producing supporting industry products, with those in the field of electronics accounting for over 30 percent. The province has established 14 industrial parks covering ​​​​nearly 3,000 hectares, with nearly 500 foreign investment projects totaling US$9.1 billion from 26 countries and territories, mainly in manufacturing high-tech and electrical products, electronic components, automobiles, cement, iron and steel, textiles, mechanical and precision mechanical equipment. These manufacturers offer a huge and diverse downstream market for supporting industry products. Many transnational corporations operate in Hai Duong Province A senior official of Hai Duong’s Department of Industry and Trade said that the province's supporting industry has made some progress in terms of both quality and quantity, particularly in mechanical engineering, electricity-electronics, and textile-footwear. The … [Read more...] about Hai Duong supporting industry takes first steps in global supply chains

Incentives are being offered to allure new businesses into Danang Hi-Tech Park On June 17, Danang Hi-Tech Park and Industrial Zones Management Authority (DHPIZA) approved the planning for the $60 million Micro-Electro-Mechanical Systems (MEMS) factory, to be funded by Vector Fabrication Inc. from the United States. Covering an area of 40,000 square metres, the factory will produce printed circuit boards while simultaneously studying and producing MEMS. Construction is expected to start this year and the factory’s first phase will come into operation in early 2025. DHPIZA director Pham Truong Son said that since borders reopened in March, many foreign-invested enterprises (FIEs) have begun to look for investment opportunities in the city’s hi-tech park and industrial zones (IZs). “Thanks to outstanding advantages, our IZs are considered a trusting destination by investors. Since early this year, Danang has granted investment registration certificates for 10 projects worth over … [Read more...] about Danang high-tech parks achieving wider attention

Bac Giang expands development space for industry, services. - Illustrative image (Photo: baobacgiang.com.vn) Bac Giang (VNA) – Chairman of the People’s Committee of Bac Giang province Le Anh Duong said the province will focus investment on developing socio-economic infrastructure , aiming to create breakthroughs to attract investment in the time ahead. According to Duong, Bac Giang plans to accelerate work to complete several key projects early, including a 7-storey building for the provincial hospital, and expansion of the functional rehabilitation hospital and medical centres of Tan Yen, Lang Giang and Hiep Hoa districts. Besides, Bac Giang will speed up the pace of transport projects with the aim of expanding the space for the development of industry and services by connecting with other localities such as Bac Ninh, Hai Duong, Thai Nguyen, Lang Son, Hanoi and Quang Ninh. The projects include a road linking National Roads 37 and 17 and Vo Nhai in Thai Nguyen, a road and … [Read more...] about Bac Giang expands development space for industry, services

Le Trung Kien, director of the HEZA, awarded an investment certificate to Tien Thanh IZ’s infrastructure development project in Tien Lang district According to Pham Huu Quang Huy, director of the Investment Management Department at the HEZA, in the first half of this year, the city’s industrial and economic zones (IZs and EZs) allured 21 new foreign-invested projects, and 18 existing foreign-invested projects asked for supplemental capital. New foreign direct investment (FDI) volume reached $755.7 million, equal to 56.2 per cent on-year. Up to now, the city’s IZs and EZs attracted 438 foreign-invested projects valued at $22.07 billion in total capital and 195 local ones worth $12.57 billion. Tien Thanh Industrial Zone At the conference, Le Trung Kien, director of the HEZA, awarded an investment registration certificate to Tien Thanh IZ’s infrastructure development based in Tien Lang district. He also granted new investment certificates to three new projects … [Read more...] about Haiphong hails a string of new projects

HCMC strives for over 90 percent of population to get third Covid vaccine booster shot The city People's Committee has just sent an urgent document to departments, agencies, and socio-political organizations in Ho Chi Minh City and the people's committee of Thu Duc City and districts on promoting the Covid-19 vaccine rollout. Accordingly, the municipal People's Committee requested to continue implementing a communication campaign to mobilize people to inject the Covid-19 vaccine according to the Government document No. 2017/UBND-VX dated June 17, 2022, until the end of June 30. Local administrations in districts should drastically implement solutions to mobilize all people to get the Covid-19 vaccine. The city People's Committee assigned the Board of Management of the HCMC Export Processing Zone and Industrial Park Authority (HEPZA), the Board of Management of Saigon Hi-Tech Park, Quang Trung Software Park Development Company, companies, and enterprises to continue increasing … [Read more...] about HCMC strives for over 90% of population to get third Covid vaccine booster shots

The Corio Generation teams up with FECON at the offshore wind power project in Ba Ria-Vung Tau province The partnership demonstrates Corio’s commitment towards renewable energy development in Vietnam, said company representatives at a signing ceremony in Hanoi. The proposed offshore windfarm, located 23-35km from the coast, could be among the first large-scale offshore wind projects to be built in Vietnam, once licences and approvals are obtained. The fixed-bottom project could produce around 1,250GWh of clean electricity and avoid more than 600,000 tonnes of carbon emissions a year, according to an analysis by the Green Investment Group. Guillermo Martinez-Navas, senior director of Corio Generation, giving remarks at the signing ceremony “With its vast wind resources, Vietnam can be a Southeast Asian powerhouse in offshore wind, providing clean, affordable electricity, as well as supporting jobs and economic opportunities for local communities,” said … [Read more...] about Corio partners with Vietnam’s FECON on Vung Tau wind farm

Vietnam is a centerpiece of South Korea’s New Southern Policy (NSP). Vietnam and South Korea consider upgrading the relations to Comprehensive Strategic Partnership after three decades of diplomatic ties which have gained fruitful multisectoral achievements. Vietnamese Deputy Prime Minister Pham Binh Minh speaks at the event held in Seoul on June 23. Photos: VNA Vietnamese Deputy Prime Minister Pham Binh Minh gave remarks on the occasion of the 30 th founding anniversary of Vietnam-South Korea diplomatic relations (1992-2022). The two countries have become leading partner with each other, mostly in trade and investment, with South Korea being the biggest investor in Vietnam with large-scale investment projects, contributing to creating global supply chains in Vietnam, Minh said in a recorded video at the 30th Global Maekyung Forum held in Seoul on June 23. To enhance the ties, Minh suggested focusing on science-technology and innovation; digital and … [Read more...] about Vietnam, South Korea eye Comprehensive Strategic Partnership

Logistics chances get off ground in Danang As a business that provides services connected to warehousing, land, and transportation with more than 200 trucks serving the inner city network and outside major cities, MTV ITL Logistics Danang held a groundbreaking ceremony in March for the building of the ITL Logistics Danang Centre. This project, located at Hoa Khanh Industrial Zone (IZ), is being built over 31,000 square metres with the total investment of $8.6 million. It will feature a standard factory system for lease; a warehouse system and shared infrastructure; a packing area for storing goods; and Grade-A standards for service quality with seven storeys of storage shelves. The centre will be a green distribution hub for Vietnam that utilises solar energy for industrial manufacturing. According to Danang Hi-Tech Park and Industrial Zones Management Authority, the centre aims to establish a logistics supply chain for the central region. Dang Nam Son, deputy director of … [Read more...] about Logistics chances get off ground in Danang

An automobile assembly line of Toyota Vietnam in the northern province of Vĩnh Phúc. Vĩnh Phúc is an important part of the global supply chain of Japanese enterprises. — Photo baovinhphuc.com.vn VĨNH PHÚC — Vĩnh Phúc Province always views Japanese localities and businesses as leading partners in its development progress, said Hoàng Thị Thúy Lan, Secretary of the provincial Party Committee. Lan made the statement at a conference held in the northern province of Vĩnh Phúc on Thursday with a view to reinforcing the northern province’s cooperation with Japanese localities and investors. The conference attracted the participation of nearly 700 delegates both online and offline from the two countries. Highlighting their long-standing and expanding cooperation, she said Vĩnh Phúc's official co-operative relations were set up with Japan’s Akita prefecture in March 2015, and Tochigi prefecture in December 2021, which have created important prerequisites for boosting bilateral … [Read more...] about Vĩnh Phúc Province seeks stronger links with Japan