Vietnam industrial property rentals set to rise 7-9% a year

Vietnam industrial property rentals set to rise 7-9% a year

Industrial real estate rentals can increase 7-9% per year in the coming years given continued robust inflows of foreign investment and limited new supply, according to property services firm CBRE.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

New industrial hub Bac Giang province plans 10th industrial park

New industrial hub Bac Giang province plans 10th industrial park

Bac Giang province, a new manufacturing center in northern Vietnam, plans to develop the Thai Dao-Tan An Industrial Park targeting modern, environmentally friendly industries.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Manufacturing hub Binh Duong plans 10 new industrial parks

Manufacturing hub Binh Duong plans 10 new industrial parks

The Industrial Zones Authority of Binh Duong province, a manufacturing center in southern Vietnam, is promoting the establishment of 10 new industrial parks (IPs) in the 2023-2030 period.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam GDP growth forecast at 6% in 2024, third highest in ASEAN: research unit AMRO

Vietnam GDP growth forecast at 6% in 2024, third highest in ASEAN: research unit AMRO

Vietnam’s GDP growth could reach 6% in 2024 and 6.5% in 2025, higher than the 5.1% posted in 2023, according the ASEAN+3 Macroeconomic Research Office (AMRO).

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Suntory PepsiCo begins work on sixth Vietnam factory

Suntory PepsiCo begins work on sixth Vietnam factory

Suntory PepsiCo Vietnam Beverage, a joint venture between Japan-based Suntory and U.S.-based PepsiCo, began building a $300-million factory in the southern Vietnam province of Long An on Monday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam ranks second among 'promising' countries for Japanese manufacturers: JBIC

Vietnam ranks second among 'promising' countries for Japanese manufacturers: JBIC

Vietnam has been ranked second among the most "promising" countries for overseas business over the medium-term (next three years), according to a survey conducted by the Japan Bank for International Cooperation (JBIC) among Japanese manufacturers.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam economy sees brighter growth prospects in 2024 amid uneven Q1 recovery: HSBC

Vietnam economy sees brighter growth prospects in 2024 amid uneven Q1 recovery: HSBC

Vietnam’s recovery story remains intact but uneven as domestic-oriented services lag behind external-facing sectors, HSBC researchers have said, highlighting better growth prospects for this year.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Bac Ninh receives $745.2 mln in Q1 foreign investment, coming second in Vietnam

Bac Ninh receives $745.2 mln in Q1 foreign investment, coming second in Vietnam

Vietnam’s northern industrial province of Bac Ninh attracted total foreign investment of $745.2 million in the first quarter (Q1) of this year, coming second nationwide in terms of foreign capital inflows with a 12.1% share, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

Very few Vietnamese coffee brands enjoy global exposure: exec

Very few Vietnamese coffee brands enjoy global exposure: exec

Although there are thousands of coffee firms in Vietnam, only a select few are able to expand the Vietnamese coffee brand globally, said Nguyen Duc Hung, director of Napoli Import-Export Production and Trading JSC.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Korea chaebol Hyosung to pour extra $779 mln in southern Vietnam

Korea chaebol Hyosung to pour extra $779 mln in southern Vietnam

Two Vietnam subsidiaries of South Korean industrial chaebol Hyosung have secured licenses to invest an additional $779 million in the southern province of Ba Ria-Vung Tau.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam FDI sector posts $12.57 bln trade surplus in Q1

Vietnam FDI sector posts $12.57 bln trade surplus in Q1

Foreign-invested enterprises in Vietnam recorded a trade surplus of $12.57 billion in the first quarter of 2024, with crude oil activities factored into account, the General Statistics Office reported Friday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam FDI remains robust as Chinese firms step up

Vietnam FDI remains robust as Chinese firms step up

Foreign direct investment (FDI) flow to Vietnam has continued to grow since the start of this year with Chinese businesses taking the lead in terms of new projects.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

China’s Hainan Drinda to invest $450 mln in solar cell manufacturing in central Vietnam

China’s Hainan Drinda to invest $450 mln in solar cell manufacturing in central Vietnam

Hainan Drinda New Energy Technology, a Chinese photovoltaic (PV) developer and manufacturer, will invest $450 million in solar cell base production in Vietnam’s central province of Nghe An.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam foreign investors upbeat, minor niggles remain: report

Vietnam foreign investors upbeat, minor niggles remain: report

Foreign investors in Vietnam have better sentiments and are optimistic about the future, according to a report released Tuesday by the Vietnam's Association of Foreign Invested Enterprises (VAFIE).

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam northern province Quang Ninh attracts $600 mln of FDI in Q1

Vietnam northern province Quang Ninh attracts $600 mln of FDI in Q1

Quang Ninh province in northern Vietnam has attracted nearly $600 million in foreign direct investment (FDI) in the first quarter this year, accounting for 20% of its annual target.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Annual report on FDI in Vietnam identifies new challenges, opportunities

Annual report on FDI in Vietnam identifies new challenges, opportunities

The Vietnam's Association of Foreign Invested Enterprises (VAFIE) will release the 2023 edition of its annual report on foreign investment in the country on Tuesday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Attracting quality FDI to tap new opportunities: association

Attracting quality FDI to tap new opportunities: association

Vietnam needs to promote its inherent strengths to attract FDI, especially from major powers, to become not only a “workshop” of the world, but also a powerhouse for chip production, said Prof. Dr. Nguyen Mai, chairman of the Vietnam's Association of Foreign Invested Enterprises (VAFIE).

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

FDI businesses call for stable power supplies in Vietnam

FDI businesses call for stable power supplies in Vietnam

Foreign-invested companies in Vietnam have expressed concerns over power shortages and called on authorities to provide stable supplies for industrial parks to ensure production.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam gov’t seek better understanding with FDI firms via annual forum

Vietnam gov’t seek better understanding with FDI firms via annual forum

The Vietnam Business Forum (VBF), under the theme “FDI enterprises pioneer in implementing green growth strategies,” took place on Tuesday, serving as an annual platform for dialogue between the Vietnamese government and the foreign business community.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Chinese sportswear firm Zhejiang Jasan to invest additional $76 mln in northern Vietnam

Chinese sportswear firm Zhejiang Jasan to invest additional $76 mln in northern Vietnam

Zhejiang Jasan Group Co., Ltd., listed on the Shanghai Stock Exchange (SSE) as 603558, will invest CNY550 million ($76.4 million) in the northern province of Nam Dinh.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam builder PC1 to expand industrial park portfolio amid rising FDI

Vietnam builder PC1 to expand industrial park portfolio amid rising FDI

PC1 Group Joint Stock Company, listed on the Ho Chi Minh Stock Exchange as PC1, has plans to expand its industrial park (IP) portfolio by 1,500-3,000 hectares by 2030 as foreign investment in Vietnam continues to rise.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Strategic investment attraction should be seen as a means, not an end: HCMC official

Strategic investment attraction should be seen as a means, not an end: HCMC official

Vietnam and Ho Chi Minh City in particular need to look at attracting foreign investment as a means to realizing the goal of developing domestic industrial capacity, not just a short-term fix, said Nguyen Anh Thi, head of the Saigon Hi-Tech Park's (SHTP) management board.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hai Phong city prepares massive industrial parks to accommodate FDI

Hai Phong city prepares massive industrial parks to accommodate FDI

Vietnam’s northern port city of Hai Phong has plans to build new industrial parks (IPs) to prepare for an anticipated increase in foreign direct investment (FDI) amidst a supply chain value shift to the Southeast Asian region.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Southeastern Vietnam localities seek FDI for 'new' industries

Southeastern Vietnam localities seek FDI for 'new' industries

Vietnam’s southeastern localities, which have seen strong foreign direct investment (FDI) inflows since the start of this year, are working hard to attract more, particularly into new industries.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam finance ministry mulls incentives to offset global minimum tax

Vietnam finance ministry mulls incentives to offset global minimum tax

Vietnam’s Ministry of Finance is studying incentives to ensure the country remains attractive to foreign-invested enterprises (FIEs) as it prepares to implement the global minimum tax (GMT), said a senior ministry official.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s foreign invested enterprises association explores Iranian collaboration

Vietnam’s foreign invested enterprises association explores Iranian collaboration

The Vietnam Association of Foreign Invested Enterprises (VAFIE) and Iranian Commercial Attache to Vietnam Mohsen Rezaei Pour discussed mutual investment opportunities at a Thursday meeting in Hanoi.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Coating giant AkzoNobel launches production facilities in northern Vietnam

Coating giant AkzoNobel launches production facilities in northern Vietnam

Netherlands-based AkzaNobel says the inauguration of production facilities worth €18.5 million ($20.1 million) in the northern province of Bac Ninh will boost its position in Asia.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Remove roadblocks to lure foreign investment into Vietnam: HSBC exec

Remove roadblocks to lure foreign investment into Vietnam: HSBC exec

Vietnam's strategy to attract additional FDI into Vietnam should start with understanding the competitive landscape between Vietnam and the rest of ASEAN, writes Tim Evans, CEO of HSBC Vietnam.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Apple supplier Luxshare-ICT to invest additional $140 mln in central Vietnam

Apple supplier Luxshare-ICT to invest additional $140 mln in central Vietnam

Luxshare-ICT (Nghe An) Limited, a subsidiary of major Chinese electronics producer Luxshare-ICT, is set to invest $140 million more in Vietnam’s central province of Nghe An.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam striving to address foreign investors’ concerns: deputy minister

Vietnam striving to address foreign investors’ concerns: deputy minister

The Vietnamese government is making tireless efforts to address major concerns of foreign investors as the country competes for investment in important industries, said a deputy investment minister.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam collects $7 bln in taxes from Korean firms over past 5 years

Vietnam collects $7 bln in taxes from Korean firms over past 5 years

Contributions to Vietnam’s state budget by South Korean companies have continually increased over the past five years, totaling some VND175 trillion ($7.1 billion), despite challenges from the Covid-19 pandemic and adverse global economic impacts, according to the finance ministry.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam investment ministry calls for listing facilitation of FDI firms

Vietnam investment ministry calls for listing facilitation of FDI firms

Vietnam’s Ministry of Planning and Investment (MPI) has urged authorities to allow eligible foreign-invested enterprises to float their shares on the country’s stock market as the government looks to scale up local capital markets.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Registered FDI in Vietnam soars 39% to $4.3 bln in 2 months

Registered FDI in Vietnam soars 39% to $4.3 bln in 2 months

Foreign investors have continued to bet on Vietnam’s success story by pouring in fresh cash, sending committed foreign direct investment (FDI) in the Southeast Asian country to $4.29 billion in the first two months of this year, up 38.6% year-on-year.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Supply chain diversification opportunities help Vietnam attract FDI in 2024: broker

Supply chain diversification opportunities help Vietnam attract FDI in 2024: broker

Opportunities for supply chain diversification, economic improvements and political stability are the aspects that would enable Vietnam to continue attracting FDI in 2024, according to Rong Viet Securities Company.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Quang Ninh province set to attract $1 bln FDI in Q1

Quang Ninh province set to attract $1 bln FDI in Q1

Vietnam’s northern province of Quang Ninh on the border with China is likely to lure $1 billion in foreign direct investment (FDI) in the first quarter of this year after, enhancing its position as an investment magnet.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7