Want to be in the loop?
subscribe to
our notification
Business News
IMPROVING IP INFRASTRUCTURE TO ACCOMMODATE NEW INVESTMENT FLOWS
In order to catch the wave of investment capital flow, in addition to constantly improving the investment environment and enhancing public service quality, Vinh Phuc province has made great efforts to upgrade infrastructure in industrial parks.
At present, Vinh Phuc has 18 industrial parks with a total area of 5,228 ha, including nine with 1,838.75 ha established and granted permission to invest VND7,914.82 billion and US$117.42 million for infrastructure development. The occupancy rate is nearly 64%. Some industrial parks in operation such as Khai Quang, Binh Xuyen, Binh Xuyen 2, Ba Thien, Ba Thien 2 and Thang Long Vinh Phuc have completed basic infrastructure and obtained high occupancy rate.
In addition, the technical infrastructure inside and outside industrial parks has been increasingly improved to meet investors’ requirements. Some industrial parks are active to offer a clean land fund with reasonable infrastructure rental rates and create a competitive advantage over industrial zones in neighboring provinces and cities. They are very attractive to foreign investors. For industrial zones where land has not yet been compensated for site clearance, the province is urging developers to focus on compensation for site clearance and offer a clean land fund for tenants.
Currently, many large domestic and foreign companies, especially those from Japan, South Korea and Europe, such as Piaggio, Toyota, Honda, Daewoo and Sumitomo, have selected Vinh Phuc as their investment stop destination. Recently, Vinh Phuc officially granted an investment certificate to US$100-million Toto Vietnam Co., Ltd, a 100% foreign-owned manufacturer of high-class sanitary equipment in Thang Long Vinh Phuc Industrial Park. This event is not only a promising start of the 2020-2025 term but also an assertion that, with a synchronous and modern infrastructure system, Vinh Phuc is always an attractive investment destination.
In the coming time, in order to accelerate sustainable industrial development, prepare a clean land fund and catch new investment flows, the province will further encourage the development of supporting industries, and develop automobile, motorbike and electronics and high-tech industries. At the same time, the province will attract investment funds into existing industrial parks; establish new industrial parks in advantageous areas like Dong Soc and Son Loi; introduce specific policies to attract large-scale investment projects that make high value-added and high-tech products; and conduct a study on construction of an innovation center.
Source: VCCI
Related News
VIETNAM ECONOMY INVESTMENT
HCMC: ‘5+1’ MODEL AIMS TO LIFT SERVICES TO 75% OF GRDP BY 2040
High-value services are set to account for 70-75% of HCMC’s gross regional domestic product (GRDP) by 2040 under a “5+1” development model centered on the Vietnam International Financial Center in HCMC (VIFC-HCMC). The target is outlined in a recently issued plan by the HCMC government to turn the city into a major services hub for Vietnam and the region, with a focus on high-value, modern industries. The plan aims to reshape the economy toward a more efficient and sustainable structure.
PROPERTY / INDUSTRIAL ZONE
HCMC PROPOSES NO MARKUP ON OFFICIAL LAND PRICES
HCMC’s Department of Natural Resources and Environment has proposed setting the land price adjustment coefficient, known as the K factor, at 1 for households and businesses, meaning land-use fees and rents would be calculated directly from the official land price table without any upward adjustment. The proposal, included in the third draft regulation submitted by the department to the land price appraisal council, is intended to ease financial burdens on residents and businesses while supporting a recovery in the real estate market.
PROPERTY / INDUSTRIAL ZONE
TOURISM AND INFRASTRUCTURE FUEL VIETNAM'S REAL ESTATE GROWTH
According to Chung, 2026 is considered a pivotal year as the Vietnamese economy enters a new development phase with a series of new policies on socioeconomic development, planning, and infrastructure investment. Against the backdrop, the real estate market is facing significant opportunities to enter a new development cycle.
VIETNAM ECONOMY INVESTMENT
ĐẮK LẮK LAUNCHES THREE MANUFACTURING PROJECTS WORTH US$30 MILLION
Đắk Lắk Province has broken ground on three new industrial projects at Hòa Hiệp 1 Industrial Park with a combined investment of nearly VNĐ790 billion (US$30.2 million). The projects are the Agrilong–Green World Fertiliser Plant, the Bá Hải Canned Food Processing Plant, and the Kotinochi Phú Yên Semi-Trailer and Spare Parts Manufacturing Plant. The investors are Hoang Long Vina JSC, Ba Hai JSC, and Kotinochi JSC, respectively.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
SMART ENERGY INFRASTRUCTURE CRITICAL FOR GREEN GROWTH
Developing smart energy infrastructure will be critical for Việt Nam to achieve its green growth ambitions, as the global energy transition has entered a new phase that requires more flexible, resilient and digitally enabled energy systems. At the Smart Energy Infrastructure Development Forum in Hà Nội, experts said that countries must move beyond simply expanding renewable power generation and focus on building smarter energy systems.
VIETNAM ECONOMY INVESTMENT
QUẢNG NINH ADJUSTS GRDP GROWTH TARGETS FOR EACH QUARTER
The northern province of Quảng Ninh posted broad-based socio-economic expansion in the first half and is pushing to deliver full-year gross regional domestic product (GRDP) growth above 13 per cent, an all-time high. To achieve more than VNĐ100 trillion (US$3.7 billion) in state budget revenue this year, the provincial People's Committee has set a target of 13.21 per cent GRDP growth, with quarterly growth projected at 12.58 per cent in the second quarter, 15.48 per cent in the third and 14.86 per cent in the fourth.
Events Sponsors
