EFFORTS MADE TO PROMOTE ESTABLISHMENT OF COTTAGE INDUSTRY ZONES
The Government has recently issued Decree 32/2024/ND-CP, on the management and development of cottage industry zones to attract small and medium-sized enterprises, cooperatives and cooperative groups to invest in production and business in concentrated production areas. With a view to attracting small- and medium-sized enterprises, cooperatives and cooperative groups to invest in production and business in, or relocate their existing production and business facilities to, concentrated production areas, the Government has recently issued Decree 32/2024/ND-CP, on management and development of … Continue reading EFFORTS MADE TO PROMOTE ESTABLISHMENT OF COTTAGE INDUSTRY ZONES
REGISTERED FDI IN VIETNAM TOPS 6.17 BILLION USD IN Q1
As of March 20, total newly-registered, additional, and contributed capital and share purchases of foreign investors stood at more than 6.17 billion USD in 2024, a year-on-year increase of 13.4%.
AMEND THE RULES OF ORIGIN IN AKFTA AGREEMENT
On March 27, 2024, the Ministry of Industry and Trade No. 04/2024/TT-BCT on amending and supplementing several Articles of the Circular No. 20/2014/TT-BCT dated June 25, 2014, of the Minister of Industry and Trade on the implementation of rules of origin in the Agreement establishing Asean – Korea free trade area (AKFTA). Circular No. 04/2024/TT-BCT on amending and supplementing Article 4, Appendix I on (Rules of Origin) enclosed with the Circular No. 20/2014/TT-BCT. For the purposes of Point b Clause … Continue reading AMEND THE RULES OF ORIGIN IN AKFTA AGREEMENT
SAMSUNG LOOKS TO EXPAND VIETNAM OPERATIONS
HCMC – South Korea’s Samsung has said it is planning to manufacture transistor grids and open a research and development (R&D) center in Vietnam. Speaking at a meeting in Hanoi on August 5 with Prime Minister Pham Minh Chinh, Roh Tae-Moon, CEO of Samsung, said the conglomerate is preparing to make transistor grids in Vietnam on a trial basis. The product will be mass-produced in July 2023 at the Samsung Electro-Mechanics Vietnam in Thai Nguyen Province. The firm will inaugurate … Continue reading SAMSUNG LOOKS TO EXPAND VIETNAM OPERATIONS
MOODY’S UPGRADES VIET NAM RATINGS ON “GROWING ECONOMIC STRENGTHS”
A worker looks at a computer at the construction of an underground railway in Ho Chi Minh City in November 2021. Photo by VnExpress/Quynh Tran Credit rating agency Moody’s has upgraded Vietnam’s rating from Ba3 to Ba2 thanks to its growing exports and manufacturing sector, and changed its outlook from positive to stable. “The upgrade to Ba2 reflects Vietnam’s growing economic strengths relative to peers and greater resilience to external macroeconomic shocks that are indicative of improved policy effectiveness,” it … Continue reading MOODY’S UPGRADES VIET NAM RATINGS ON “GROWING ECONOMIC STRENGTHS”
DEMAND ON THE RISE FOR HIGH-QUALITY READY-BUILT FACTORIES
Because of the shortage of industrial land in a prime location and high rents, ready-built factories have become the first choice of investors thanks to the advantages of saving time and costs, while meeting the rising demand for high-quality factory and warehouse spaces. Ready-built properties “take the throne” According to CBRE Vietnam, the supply of ready-built factories and warehouses for lease as of June 2021 has increased significantly over last year, by 8-10 per cent. Supply is projected to grow … Continue reading DEMAND ON THE RISE FOR HIGH-QUALITY READY-BUILT FACTORIES
DONG NAI SEEKS EXTRA BRIDGE LINK TO HO CHI MINH CITY
Traffic jam on a road in Nhon Trach District of Dong Nai Province that leads to Cat Lai Ferry in Dong Nai River, January, 2021. Photo by VnExpress/Quynh Tran The industrial hub of Dong Nai has proposed Ho Chi Minh City helps build another bridge linking the localities to improve regional connectivity. The new bridge has been proposed to cross the Dong Nai River, the natural border between HCMC and industrial hub Dong Nai. Dong Nai authorities said another … Continue reading DONG NAI SEEKS EXTRA BRIDGE LINK TO HO CHI MINH CITY
JAPANESE FIRMS CHOOSE VIETNAM FOR PRODUCTION EXPANSION
Fifteen Japanese firms chose Vietnam as the destination for their production expansion within the Japanese government’s programme to support Japanese firms to diversify their value chains in foreign countries, according to the Japan External Trade Organisation (JETRO). The Japan-invested Honda Vietnam plant in Vinh Phuc Province. – VNA/VNS Photo Danh Lam Speaking at a press conference on Thursday about the programme, Takeo Nakajima, chief representative of JETRO in Hanoi, said that among 30 Japanese firms selected by Japan’s Ministry of … Continue reading JAPANESE FIRMS CHOOSE VIETNAM FOR PRODUCTION EXPANSION
DEMAND FOR READY-BUILT FACTORIES AND WAREHOUSES INCREASING: CBRE
The development of e-commerce together with delays to import and export activities due to disrupted logistics services has accelerated demand for ready-built factories and warehouses during the COVID-19 outbreak in Vietnam. In contrast, the number of leasing inquiries for other industrial properties has fallen due to travel bans and social distancing. “After the pandemic is contained, the average asking rent for warehouses will increase by 4-11 percent y-o-y,” Pham Ngoc Thien Thanh, associate director at CBRE Research & Consulting, said … Continue reading DEMAND FOR READY-BUILT FACTORIES AND WAREHOUSES INCREASING: CBRE
MPI MINISTER: OPP ORTUNITIES FOR BREAKTHROUGH GROWTH
Minister of Planning and Investment Nguyen Chi Dung advised the government to implement numerous solutions quickly to enable businesses to seize valuable opportunities for economic recovery and sustaining growth. Minister Nguyen Chi Dung was urging businesses and authorities to see the silver lining and turn the crisis to advantage At the video-conference between the prime minister and businesses today (May 9), Minister of Planning and Investment Nguyen Chi Dung said that the global health crisis will cause the world economy … Continue reading MPI MINISTER: OPP ORTUNITIES FOR BREAKTHROUGH GROWTH
KTG ENERGY LAUNCHES FREE SOLAR POWER PANEL OFFERS FOR BUSINESSES
The solar power initiative of KTG Energy in industrial zones will save hundreds of thousands of dollars for businesses, as well as give them a chance to find a use for their unused roofs. Amidst the numerous difficulties caused by the COVID-19 global health crisis, KTG Energy, a subsidiary of the conglomerate Khai Toan Group (KTG), has officially deployed new co-operation methods which could benefit a lot to partners looking to install solar panels on their factory roofs. With the … Continue reading KTG ENERGY LAUNCHES FREE SOLAR POWER PANEL OFFERS FOR BUSINESSES
VIETNAM REMAINS ATTRACTIVE DESTINATION TO INVESTORS
With COVID-19 and trade tensions driving the shift of production lines from China to Southeast Asia, Vietnam, in particular, seems to have emerged as an attractive destination for investors and manufacturers alike, experts have predicted. “Vietnam remains a promising market with a growing trend of manufacturing companies looking to set up operations in the country, which has been happening for a number of years. Industrial park developers remain confident that demand for industrial land will continue to grow and therefore … Continue reading VIETNAM REMAINS ATTRACTIVE DESTINATION TO INVESTORS
