UPDATE ON MARKET TRENDS OF INDUSTRIAL PARKS IN VIETNAM
Vietnam’s industrial parks development has seen tremendous growth, driven by global shihs in manufacturing and foreign direct investment (FDI). With over 400 industrial parks and numerous economic zones, Vietnam is positioning itself as a leading destination for industrial development in Southeast Asia. This blog post will explore the overview and the latest trends in Vietnam’s industrial development with insights from key industry players. Table of Contents Overview of Vietnam’s Industrial Park Development State and Development of German Investments in Vietnam … Continue reading UPDATE ON MARKET TRENDS OF INDUSTRIAL PARKS IN VIETNAM
INCHEON INTERNATIONAL AIRPORT EXPANDS OPERATION TO VIET NAM
The Incheon International Airport Corporation announced on August 8 that it has been selected as a prioritised contractor for the project on consulting services for operation of Vietnam’s new Long Thanh International Airport. Incheon International Airport expands operation to Vietnam, Illustrative image (Photo: VNA) Seoul – The Incheon International Airport Corporation announced on August 8 that it has been selected as a prioritised contractor for the project on consulting services for operation of Vietnam’s new Long Thanh International Airport. Long … Continue reading INCHEON INTERNATIONAL AIRPORT EXPANDS OPERATION TO VIET NAM
FINANCE MINISTRY PROPOSES LOWER TAX RATE FOR MICRO AND SMALL ENTERPRISES
To support micro and small enterprises to accumulate capital and develop business, the Ministry of Finance (MoF) has proposed lowering the corporate income tax rate to 15-17 per cent for those with a total revenue of no more than 50 billion VND (1.99 million USD), instead of the current flat rate of 20 per cent. Workers at an electronic factory in the southern province of Dong Nai (Photo: VNA) Hanoi – To support micro and small enterprises to accumulate capital … Continue reading FINANCE MINISTRY PROPOSES LOWER TAX RATE FOR MICRO AND SMALL ENTERPRISES
HONG KONG’S EXPERTISE TO HELP DEVELOP HO CHI MINH CITY
During his visit to Vietnam from July 31–August 2, Hong Kong chief executive John Lee expressed his willingness to share the special administrative region’s experience of building a global a financial centre with Ho Chi Minh City. John Lee, Hong Kong chief executive In addition to financial centre development, Lee aims to enhance cooperation with Vietnam in trade, investment, finance, banking, tourism, aviation, and emerging sectors such as innovation and technology, sustainable development, and green finance. Recognising Vietnam as a … Continue reading HONG KONG’S EXPERTISE TO HELP DEVELOP HO CHI MINH CITY
VIETNAM REPORTS $18 BILLION IN FDI BETWEEN JANUARY AND JULY
Vietnam reported more than $18 billion in foreign direct investment (FDI) in the year to July 20, an on-year increase of 10.9 per cent, according to data from the Foreign Investment Agency under the Ministry of Planning and Investment. In the first seven months of 2024, 1,816 new projects were granted investment registration certificates, with the total registered capital of over $10.76 billion, up 11.6 per cent in the number of projects and up 35.6 per cent on-year in terms of … Continue reading VIETNAM REPORTS $18 BILLION IN FDI BETWEEN JANUARY AND JULY
READY-BUILT FACTORY MARKET ON THE UP
In the first half of 2024, the industrial real estate market continued to show positive developments. Rental price of industrial land and its growth over recent years According to the last week’s report of CBRE, a global commercial real estate services provider, for the industrial land market, industrial land prices in Tier 1 markets in the North in the second quarter increased by 0.3 per cent on quarter and 4.5 per cent on-year, reaching an average of $134 per square … Continue reading READY-BUILT FACTORY MARKET ON THE UP
INDUSTRIAL PARKS INCREASE SUPPLY OF HIGH-QUALITY READY-BUILT FACTORIES
The strong development of the industrial real estate market has promoted the ready-built factory segment in the eyes of international and domestic manufacturers. According to the General Statistics Office, by May 2024, foreign direct investment (FDI) flow into Vietnam had continued to achieve positive results, with more than $11 billion pledged, an increase of 2 per cent over the same period last year. Meanwhile, disbursed capital reached about $8.25 billion, an increase of 7.8 per cent over the same period … Continue reading INDUSTRIAL PARKS INCREASE SUPPLY OF HIGH-QUALITY READY-BUILT FACTORIES
WORLD BANK: CAI MEP PORT RANKS AMONG TOP 7 MOST EFFICIENT CONTAINER PORTS GLOBALLY
On June 4, 2024, the World Bank and S&P Global Market Intelligence published a report on the Container Port Performance Index 2023. Vietnam’s Cai Mep Port Cluster is in the top 10 most efficient container ports in the world for the first time, ranking 7th, the 5th highest in Asia, and only behind Tanjung Pelepas Port in Southeast Asia. This ranking is based on criteria related to the time it takes for container vessels to complete the loading and unloading … Continue reading WORLD BANK: CAI MEP PORT RANKS AMONG TOP 7 MOST EFFICIENT CONTAINER PORTS GLOBALLY
FOREIGN INVESTMENT DISBURSEMENT HITS RECORD HIGH IN THE FIRST FOUR MONTHS
Foreign investment inflows into Viet Nam in the reviewed period also saw a modest increase of 4.5 per cent to nearly $9.27 billion. Hanoi — Foreign investment disbursement in the first four months of this year reached an estimated US$6.28 billion, marking a record high over the past five years, as shown in a report from the Ministry of Planning and Investment’s Foreign Investment Department (FIA). The report indicates that foreign investment inflows into Viet Nam during the reviewed period … Continue reading FOREIGN INVESTMENT DISBURSEMENT HITS RECORD HIGH IN THE FIRST FOUR MONTHS