Quang Tri province aims to complete site clearance for VSIP industrial park in August
Quang Tri authorities strive to complete site clearance for the Quang Tri Industrial Park (QTIP), also known as VSIP Quang Tri, in August, said the central Vietnam province's Party chief Le Quang Tung.
The provincial leader made the statement during a Tuesday on-site check of the facility. He requested Hai Lang district to work with local residents to speed up the progress, and even use strong enforcement measures if necessary.
![Le Quang Tung (standing), Secretary of Quang Tri Party Committee, makes an on-site check at VSIP Quang Tri in Quang Tri province, central Vietnam, August 6, 2024. Photo courtesy of Quang Tri newspaper.](https://i.ex-cdn.com/theinvestor.vn/files/content/2024/08/07/quang-tri-vsip-1642-1659.jpg)
Le Quang Tung (standing), Secretary of Quang Tri Party Committee, makes an on-site check at VSIP Quang Tri in Quang Tri province, central Vietnam, August 6, 2024. Photo courtesy of Quang Tri newspaper.
So far, QTIP has completed site clearance for 93.6 hectares of the project, while that for the remaining 2.4 hectares of the first phase is underway.
The investor is leveling 30 hectares, aiming to attract two to three tenants next year.
Completion of site clearance in August can help the industrial park sign land lease agreements with tenants from October, a QTIP representative said.
QTIP also urged provincial authorities to soon issue site clearance plans for the facility’s second and third phases.
In reply, Tung asked the provincial Economic Zone Authority to work with relevant agencies to draft an implementation plan.
The construction of VSIP Quang Tri began in December 2023. The VND2.07 trillion ($85.3 million) project is a joint investment by three major players: Vietnam-Singapore Industrial Park J.V. Co. Ltd., well known for its VSIP facilities; Thailand-invested Amata Bien Hoa JSC, known for the Amata industrial parks; and Japan’s Sumitomo Corporation, the investor of Thang Long, Thang Long II, and Thang Long Vinh Phuc industrial parks in the northern region.
The project received prime ministerial approval in March 2021, covering 480 hectares in three phases. The first phase of VND500 billion ($20.6 million) covers 97 hectares.
The facility will focus on green operations toward sustainable growth, such as utilization of renewable energy and waste reduction.
- Read More
Japanese retailer Aeon opens first central Vietnam mall next week
Japanese retailer Aeon will officially inaugurate the Aeon Hue mall in Thua Thien Hue province, its first in central Vietnam and seventh in the country, next Monday.
Companies - Tue, September 10, 2024 | 6:05 pm GMT+7
Vietnam stock market outlook brightens for H2/2024: SSI Research
Vietnam’s stock market outlook could brighten in the last two weeks of September in particular and H2/2024 in general as a result of increased capital inflows from domestic investors, say analysts with SSI Research.
Finance - Tue, September 10, 2024 | 4:49 pm GMT+7
ThaiBev-run Sabeco plans to acquire majority stake in fellow brewer Sabibeco
Ho Chi Minh City-based Sabeco, controlled by Thai Beverage, plans to acquire an additional 37.8 million shares, or a 43.2% stake, in local brewer Sabibeco Group (SBB) this year, making it a subsidiary.
Companies - Tue, September 10, 2024 | 4:23 pm GMT+7
S. Korea’s CS Wind to invest $200 mln in Vietnam to make wind power equipment
South Korea’s CS Wind, a major wind power equipment maker, will invest $200 million in a factory in Vietnam’s Mekong Delta province of Long An, making it among the biggest investments in the sector in the world.
Industries - Tue, September 10, 2024 | 3:52 pm GMT+7
All operations suspended at Vietnam-China border gate after flooding: official
Import-export and immigration activities have been temporarily suspended at the Lao Cai-Hekou International Border Gate due to flooding and rising river levels.
Economy - Tue, September 10, 2024 | 2:53 pm GMT+7
Petrovietnam power unit aims to develop 1,000 EV charging stations by 2035
PV Power, a power generation unit under state-owned oil an gas major Petrovietnam, plans to develop 1,000 electric vehicle (EV) charging stations nationwide by 2035.
Energy - Tue, September 10, 2024 | 2:29 pm GMT+7
Vingroup’s tourism arm Vinpearl sees H1 profit up 2.8-fold
Vinpearl JSC, the hospitality arm of Vietnamese conglomerate Vingroup, booked a net profit of VND2,579 billion ($104.48 million) in H1/2024, skyrocketing 2.84-fold from the same period last year.
Companies - Tue, September 10, 2024 | 11:07 am GMT+7
Apple debuts iPhone 16 Pro, iPhone 16 Pro Max, to sell in Vietnam this month
Apple Inc. introduced iPhone 16 Pro and iPhone 16 Pro Max on Monday, providing pre-orders from this Friday (September 13) with availability beginning a week later (September 20).
Companies - Tue, September 10, 2024 | 10:10 am GMT+7
Tax reforms needed to curb real estate price hikes in Vietnam: association
Vietnam needs tax reforms to redress price hikes and several imbalances in the real estate sector that perpetuate supply monopolies and put housing beyond the reach of most people, industry insiders say.
Real Estate - Tue, September 10, 2024 | 8:01 am GMT+7
Vietnamese people support each other during super typhoon Yagi
As Yagi raged across northern Vietnam, the spirit of mutual support and solidarity deeply ingrained in Vietnamese culture was felt by all those impacted by the super typhoon.
Southeast Asia - Mon, September 9, 2024 | 11:55 pm GMT+7
Thai new PM pledges to focus on stimulating the economy
Thailand's Prime Minister Paetongtarn Shinawatra said on Saturday that her new government will seek to stimulate the economy "right away" and will continue with the policies of former PM Srettha Thavisin.
Southeast Asia - Mon, September 9, 2024 | 11:52 pm GMT+7
ASEAN can hold key role in global carbon market
Indonesian Trade and Industry Chamber (Kadin) head Arsjan Rasjid last Thursday underscored at the 2024 International Sustainable Development Forum (ISF) that sustainability plays a key part in achieving an economic growth of 8%.
Southeast Asia - Mon, September 9, 2024 | 11:49 pm GMT+7
Indonesia promotes green industries
Luhut Binsar Pandjaitan, Indonesia's coordinating minister for maritime affairs and investment, has stressed that the country’s clean energy transition is not only aimed at reducing carbon emissions but also promoting the development of green industries.
Southeast Asia - Mon, September 9, 2024 | 11:48 pm GMT+7
Indonesia, EU to ratify key trade deal soon
Negotiations on the Indonesia-EU Comprehensive Economic Partnership Agreement (IEU-CEPA) are nearly 90% complete, with the deal expected to be finalised this month, according to Indonesia’s Trade Minister Zulkifli Hasan.
Southeast Asia - Mon, September 9, 2024 | 11:46 pm GMT+7
Durian leads Vietnam’s fruit export charge, but serious challenges remain
Vietnamese fruits led by durian have been making their international mark with access to new markets, but sustained success depends on overcoming several serious challenges, officials and industry insiders caution.
Companies - Mon, September 9, 2024 | 11:45 pm GMT+7
China’s Yuchai engine manufacturing technology transferred to Vietnamese firm
Yuchai, China’s leading engine manufacturer, has transferred manufacturing technology and exclusive distribution rights for Yuchai engine products in Southeast Asia and South Korea to Vietnam’s Kim Long Motor.
Companies - Mon, September 9, 2024 | 8:07 pm GMT+7