HCMC chairman Nguyen Thanh Phong recently convened a meeting with industrial land developers to find out about the difficulties they face. They told him that one of the challenges was the high cost of land which increased rents and made the market less attractive. Nguyen Van Be, chairman of the HCMC Export Processing and Industrial Zones Authority, said the industrial real estate market has nearly been frozen since the latest wave began at the end of April, with prices not increasing and few companies renting new lands to expand. In the southern industrial province of Long An, the number of industrial investments in the first five months fell by seven from the same period last year to 58. Industry insiders there said in the last two months demand for industrial land has fallen by 50-60 percent. John Campbell, head of industrial real estate at property consultancy Savills Vietnam, said the rising number of Covid cases, especially in HCMC, has contributed to the fall in demand … [Read more...] about Demand for industrial land frozen amid Covid
A night event at Asia Park in the central city of Da Nang. (Photo: VNA) Hanoi (VNA) - Developing night-time industries would provide the necessary leverage for Vietnam to develop its green economy , according to Pham Thi Thanh Huyen, a lecturer at the Hanoi-based National Economics University. tourism products and more open policies on tourism development but also by effectively boosting night-time industries . Han River Bridge in Da Nang. (Photo: VNA) She said it is important to offer night-time services, such as catering, artistic performances, shopping, sightseeing, and entertainment, which are in line with the distinctive characteristics of each destination. night-time economy , engaging local travel associations and agencies in the effort./. VNA … [Read more...] about Night-time industries provide leverage for green economy: Expert
The 13th Party Congress Resolution says Vietnam aims to become a developed country with high income by 2045, when it will celebrate the 100th anniversary of the country's establishment. This means that Vietnam has 24 more years to reach that goal. And it will be very difficult to turn this into reality if Vietnam still cannot become a ‘developing country with modern industry and higher average income’ by 2030. Core technology Dang Vu Chu, former Minister of Industry, said Vietnam cannot become a country with modern industry if it doesn’t speed up the development of core technology. Chu, 81, was Minister of Light Industry and then Minister of Industry for 12 years. He was a special politician who was a a member of three cabinets under three PMs (Do Muoi, Vo Van Kiet and Phan Van Khai) and has a lot of experience from different development periods. He has been keeping a close watch over the country’s industrial development though he retired 20 years ago. Chu affirmed … [Read more...] about Will 24 years be enough for Vietnam to become a developed country with high income?
An industrial park in Long An Province. The province will have four new industrial clusters by the end of this year, adding nearly 200 hectares to the province’s availability of industrial lands. — VNA/VNS Photo Danh Lam Long An Province is set to get four industrial clusters this year, Vinh Khang, Tan My, Tu Phuong, and Hiep Hoa, according to its Department of Industry and Trade. Their developers are expected to clear the lands by the end of this month and then begin construction of infrastructure for wastewater treatment, traffic, water, drainage, and electricity, which are expected to be completed by the end of this year. Once completed, they will add nearly 200 hectares to the province’s availability of industrial lands. The province has 16 industrial parks with a total area of over 2,282ha and average occupancy of 89.2 per cent. They house 796 foreign projects worth a total of US$7.857 billion and 831 local ones worth VND92.32 trillion ($4.02 billion). It is also home … [Read more...] about Long An to have 4 new industrial clusters this year
According to the province’s electronic information portal, the South Koreas firm will develop the Chan May Industrial Park on an area of 115 ha at a cost of $34.56 million, a 700-ha industrial and hi-tech zone and a 1,000-ha urban area in the under-construction Chan May-Lang Co Economic Zone. In 2019, provincial authorities signed a memorandum of understanding with the company for developing part of Chan May-Lang Co Economic Zone, 45 km from Phu Bai International Airport in the North and 30 km from Da Nang International Airport in the South. Covering a total area of 27,108 ha, Chan May-Lang Co is designed to have five functional zones. Thua Thien Hue is building up a list of projects calling for investment in the 2021-2022 period, and using a project management software to connect the provincial authorities with enterprises, and help them monitor investment progress, said Nguyen Dai Vui, director of the provincial Department of Planning and Investment. The provincial authorities … [Read more...] about South Korean property developer eyes three projects in Thua Thien Hue