Want to be in the loop?
subscribe to
our notification
Business News
INDUSTRIAL PROPERTY BOOSTS APPEAL TO INVESTORS
A large number of companies from Europe, the Republic of Korea, Japan, and China are choosing to invest in building manufacturing facilities in Vietnam, promising a boost to the development of the industrial property segment.
The Government’s Decree No.82/2018/ND-CP on the management of industrial zones and economic zones, which took effect on July 10, 2018, regulates the planning and development of industry-urban-service areas. It has opened up opportunities for real estate investors, particularly in the context of shrinking land sources.
Experts said the model contributes to tackling housing problems for workers and ensuring suitable living environments within industrial parks.
As planned, the area of land put aside for industrial development in Vietnam will be doubled by 2020.
In its recent regular meeting, the Government ordered that the processing and manufacturing sector boost its growth and closely monitor the operations of businesses and major projects for the prompt handling of potential issues.
Relevant ministries, sectors, and localities were assigned to facilitate businesses and investors, with firms hoping that the incentives will create favorable conditions for investors to develop industrial infrastructure projects.
Dang Hung Vo, former Minister of Natural Resources and Environment, said that Vietnam’s industrial realty sector should capitalise on the advantages available in order to propel forward.
Source: VIR
Related News
VIETNAM’S GDP TO GROW 5.5% THIS YEAR – WB
This forecast is based on the assumption of a moderate recovery in manufacturing exports in 2024, fueled by rebound growth of 8.5% year-on-year in the fourth quarter of 2023 and 17.2% year-on-year in the first quarter of 2024, reflecting strengthening global demand, said Dorsati Madani, senior country economist at the WB in Vietnam.
FARE REFUND FOR VISA REJECTION
Cathay Pacific will offer full refunds for cases of visa rejection to provide you with the confidence to explore the world with ease. If you are planning to fly to a destination that requires an entry visa, you can now book with greater peace of mind.
FOUR COMMODITIES POST Q1 EXPORT VALUE OF OVER 5 BILLION USD
The total export turnover of agricultural, forestry, and fisheries products in the first three months of 2024 is estimated to reach 13.53 billion USD, an increase of 21.8% compared to the same period of 2023.
MOIT PROPOSES SCHEME TO BOOST RENEWABLE ENERGY PROCUREMENT
The proposed Direct Power Purchase Agreement (DDPA) mechanism, outlined in the draft decree, targets organisations and individuals consuming electricity from the 22kV power grid or higher, with a monthly consumption averaging 500,000kWh. However, residential households are excluded from direct procurement.
REAL ESTATE BONDS PLACE PRESSURE ON ISSUING FIRMS
The ministry’s recent report underscores concerns within Vietnam’s corporate bond market for 2023 and 2024. It emphasizes the critical need to address hindrances to the real estate sector in line with the objectives provided in Government Resolution No. 33/NQ-CP, which aims to stabilize the industry.
DA NANG CUSTOMS FOCUSES ON DEVELOPING CUSTOMS-BUSINESS PARTNERSHIPS
Da Nang Customs Department issued an action plan for developing customs-business partnership in 2024. One of the new events this year is the workshop on “Settlement reports for enterprises engaged in outsourcing, export production and export processing” held in Da Nang Customs Department on April 16, 2024.