Northern Vietnam province sees new industrial real estate projects come online
Singapore-headquartered Frasers Property broke ground on its $26.4 million warehouse and workshop project named Titan in Quang Ninh province last Friday.
The 8.3 hectare project marks Frasers Property’s second development at the Dong Mai Industrial Park in the northern province.
Designed to international standards, it offers modern, ready-built industrial infrastructure catering to a range of sectors, from electronics and high-tech manufacturing to supporting industries, while committing to sustainable development and strict environmental compliance.
At the ground-breaking ceremony for Singapore-headquartered Frasers Property's warehouse and workshop project in Quang Ninh province, northern Vietnam. Photo courtesy of Quang Ninh Media Group.
Earlier, Frasers Property’s first project in Quang Ninh was completed and became operational in November 2024, with all floor space quickly leased to secondary tenants.
Building on that success, the Titan project - twice the size – had secured leases for around 60% of its warehouse space by the time construction began.
On the same day, the Dong Mai Industrial Cluster, developed by Tan Dai Duong Import-Export International JSC, was inaugurated in Dong Mai ward.
The Dong Mai Industrial Cluster in Quang Ninh province is completed in just nine months from groundbreaking. Photo courtesy of Quang Ninh Media Group.
Spanning 16 hectares with a total investment of VND281 billion ($10.65 million), the project was completed in just nine months from groundbreaking. Its strategic location - adjacent to major transport routes and less than 10 minutes from Ben Rung Bridge to neighboring Hai Phong city - offers a distinct advantage for manufacturers in food and beverage, footwear, wood, and metal processing.
The inauguration of the Dong Mai Industrial Cluster has brought the total number of fully serviced industrial clusters in the province to seven, covering more than 373 hectares.
Last Wednesday, the first phase of Vina CoreMax Vietnam Plant by Taiwan-headquartered CoreMax Group was inaugurated at the Nam Tien Phong Industrial Park in Lien Hoa ward.
With a total investment of $65.3 million, the eight-hectare plant focuses on producing nickel sulfate and cobalt sulfate crystals, essential raw materials for the lithium-ion battery industry.
Once fully operational, it is expected to reach an annual output of nearly 49,280 tons, with production planned in two phases: phase one in September 2025 and phase two in January 2027, according to Quang Ninh’s newspaper.
CoreMax Group, founded in 1992, selected Vietnam as its next destination for global expansion in 2023 with the Vina CoreMax Vietnam project, which received investment registration certificate from the Quang Ninh Economic Zone Authority on October 20, 2023.
- Related News
- Read More
Indonesia affirms role as global geothermal hub
Indonesian Minister of Energy and Mineral Resources Bahlil Lahadalia has affirmed that Indonesia now possesses the world’s second-largest geothermal capacity, after the U.S., thereby positioning itself as one of the leading global centers of clean energy.
Southeast Asia - Tue, September 23, 2025 | 8:11 am GMT+7
PV Gas green-lighted to build $1 bln LNG terminal in north-central Vietnam
The Ha Tinh province People’s Committee has given in-principle approval to the North Central LNG Terminal project, with PV Gas, a subsidiary of state-owned giant Petrovietnam, as investor.
Energy - Tue, September 23, 2025 | 8:08 am GMT+7
LG Innotek completes expansion of camera module plant in northern Vietnam
LG Innotek, a materials and components unit of South Korea’s LG Group, said on Sunday that it has completed the expansion of its camera module plant in Vietnam.
Companies - Mon, September 22, 2025 | 9:27 pm GMT+7
Chinese firm impressed with Vietnam’s investment environment
After over a year of operations in Vietnam, China Design Group Co. Ltd. (Huatie) has hailed the country’s business environment as “well beyond initial expectations”, noting that Vietnam’s socio-economic development is just five years behind China, instead of 15 years as earlier estimated.
Companies - Mon, September 22, 2025 | 9:21 pm GMT+7
Indonesia pushes local currency trade in ASEAN
Bank Indonesia (BI) has announced that it had continued expanding the use of local currencies in cross-border transactions with other member states of the Association of Southeast Asian Nations (ASEAN), reaching a value of $14.1 billion in the year to July, up 112% year-on-year.
Southeast Asia - Mon, September 22, 2025 | 9:17 pm GMT+7
Thailand issues new regulation on corn imports for animal feed
Thailand will ban imports of animal-feed corn produced from agricultural burning, a move that could help reduce worsening cross-border pollution while paving the way for purchases from the U.S.
Southeast Asia - Mon, September 22, 2025 | 9:14 pm GMT+7
Vietnam PM demands probe into sky-high apartment prices
Prime Minister Pham Minh Chinh has pressed for answers on why apartment prices remain persistently high and ordered clarification on whether real estate market manipulation, including hoarding, price rigging, and speculative practices, has occurred.
Real Estate - Mon, September 22, 2025 | 9:10 pm GMT+7
Formalizing Vietnam’s digital assets markets
Vietnam is laying the groundwork for a digital economy that extends well beyond the trading of cryptocurrencies and into integrating digital assets into the country’s markets and services, write chief economist Michael Kokalari and senior economics analyst Thai Viet Trinh at VinaCapital.
Consulting - Mon, September 22, 2025 | 5:44 pm GMT+7
US retail giant Costco eyes deeper partnerships with Vietnamese suppliers
Costco, one of the largest retail corporations in the United States, is looking to significantly expand its collaboration with Vietnamese suppliers, with the potential value of imports exceeding $1 billion annually.
Economy - Mon, September 22, 2025 | 4:35 pm GMT+7
Kinh Bac to develop its 4th industrial park in northern Vietnam province Bac Ninh
Vietnamese major developer Kinh Bac City Development Holding Corporation (HoSE: KBC) will build the Que Vo Expansion 2 Industrial Park worth nearly VND1.88 trillion ($71.2 million) in Bac Ninh, its fourth in the northern province.
Industrial real estate - Mon, September 22, 2025 | 4:18 pm GMT+7
Vingroup forms new company for humanoid robot production
Vietnam’s leading private conglomerate Vingroup (HoSE: VIC) will contribute capital to establish VinDynamics, a Hanoi-based firm focused on R&D and application of humanoid robots, with 51% ownership out of the VND500 billion ($18.94 million) in chartered capital.
Industries - Mon, September 22, 2025 | 2:15 pm GMT+7
Boeing aims to strengthen ties with Vietnamese partners
Boeing Commercial Airplanes, a division of the U.S.-based Boeing Company, has reaffirmed its commitment to working closely with Vietnamese airlines as part of its efforts to deepen long-term cooperation with Vietnamese partners.
Companies - Mon, September 22, 2025 | 1:29 pm GMT+7
$1.99 bln LNG power plant in central Vietnam to break ground late this year
The Quang Trach II LNG-fired power plant in central Vietnam, with an investment of VND52.49 trillion ($1.99 billion), is slated to break ground by the end of this year and generate 9 billion kWh of electricity.
Infrastructure - Mon, September 22, 2025 | 12:15 pm GMT+7
PV Power to launch 1st capital raise since 2018 to fund LNG expansion
PV Power, a subsidiary of state-owned giant Petrovietnam, is preparing for its first capital hike since going public in 2018, boosting its charter capital by nearly 30% to fund two landmark LNG power projects.
Companies - Mon, September 22, 2025 | 9:27 am GMT+7
Vingroup to build facilities worth $811 mln for EV component suppliers in central Vietnam
Vinhomes Ha Tinh Industrial Park JSC, a subsidiary of Vietnam’s leading private conglomerate Vingroup (HoSE:VIC), will build factories for lease serving the electric vehicle (EV) supply sector at the Vung Ang Economic Zone, Ha Tinh province.
Industrial real estate - Mon, September 22, 2025 | 8:42 am GMT+7
HCMC plans to break ground on 9 metro lines in late 2027
Ho Chi Minh City is aiming to simultaneously break ground on nine urban metro lines by the end of 2027, with a total investment reaching $44 billion.
Infrastructure - Sun, September 21, 2025 | 9:14 pm GMT+7
