Electronics industrial clusters to be piloted

The Ministry of Planning and Investment has instructed localities to review and report on the development of industrial zones with investment projects in the electronics industry with a scale starting from US$20 million.

Khai Quang Industrial Park in Vinh Phuc Province. 

The reports will be used to pilot a scheme on the establishment of electronic industrial clusters to attract investment from leading local and global corporations to invest in developing high-quality hardware, software, digital content and information technology services, and electronic products.

The reports will cover the development of industrial zones with projects in the electronics industry of over $20 million; the current status of industrial zones with more than 30 per cent area of electronics projects; mechanisms, policies and difficulties; and proposals for the establishment of electronics industrial clusters.

Localities should include projects being implemented by leading global corporations, including satellite projects involved in supplying raw materials, components and accessories.

The ministry also asked localities to list operating projects, revenue, import and export value, and budget remittance in 2019.

The ministry estimated that industrial and economic zones across the country attracted 591 foreign investment projects in the past 10 months, with new and additional registered capital of about $8.3 billion.

 

They have brought the total number of foreign investment projects to 10,055 with total registered capital of about $198 billion.

The country established 369 industrial zones in the 10 months covering 113,300 hectares (ha) of natural land.

The area of ​​industrial land was about 73,600ha, accounting for about 65 per cent of the total.

Of these, 280 industrial parks had been put into operation with total natural land covering 82,800ha.

Industrial land accounted for ​​about 56,600ha, of which 39,800ha had been leased by investors, reaching an occupancy rate of 70.1 per cent. — VNS

 
 

Other News

.
How will solar panels be used when their life cycle ends?
How will solar panels be used when their life cycle ends?
FEATUREicon  22/11/2020 

Most of the components used to make solar panels are recyclable. Expired solar panels will not be a danger if there are reasonable regulations and good technologies.

Real estate inventories see decline: ministry
Real estate inventories see decline: ministry
BUSINESSicon  22/11/2020 

Inventories in the real estate market have been on the decrease thanks to increasing liquidity, according to the Ministry of Construction (MoC).

VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 21
VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 21
BUSINESSicon  21/11/2020 

Margin trading should be allowed on UPCoM

Vietnamese consumers increasingly embrace sustainability
Vietnamese consumers increasingly embrace sustainability
BUSINESSicon  21/11/2020 

Sustainability has been a growing topic of interest to Vietnamese consumers in recent years though awareness levels remain well below the global average.

Up to 16,000 foreigners buy housing in Vietnam in last five years
Up to 16,000 foreigners buy housing in Vietnam in last five years
BUSINESSicon  21/11/2020 

Between 14,000 and 16,000 foreigners have bought housing in Vietnam since July 2015, mostly from China, the Republic of Korea, Japan, Taiwan (China), and Singapore, the HCMC Real Estate Association (HoREA) estimates.

Global media positive about Vietnam’s growth despite COVID-19
Global media positive about Vietnam’s growth despite COVID-19
BUSINESSicon  21/11/2020 

A number of regional and global news agencies have quoted data from international research institutes and organisations as saying that Vietnam’s economy is on track to grow despite the impact of COVID-19.

Vietnam proves potential to profit from shifts in global supply chain
Vietnam proves potential to profit from shifts in global supply chain
BUSINESSicon  21/11/2020 

Years of economic growth and success in fighting Covid-19 paved the way for Vietnam to receive shifting FDI inflows, but limited participation in manufacturing industries might hinder its progress.

Challenges and opportunities from Covid-19 for Vietnam's M&A market
Challenges and opportunities from Covid-19 for Vietnam's M&A market
BUSINESSicon  21/11/2020 

Low interest rates could open up new opportunities for investors to take advantage of the cheap capital to buy shares and acquire new assets via M&A deals.

Under FTAs, car imports will be subject to lower tariffs
Under FTAs, car imports will be subject to lower tariffs
FEATUREicon  21/11/2020 

The two important FTAs – CPTPP and EVFTA – all have strong commitments on tariff cuts, with the tariffs expected to be completely removed in 7-13 years.

VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 20
VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 20
BUSINESSicon  20/11/2020 

Chinese investment into Vietnam on the sharp rise

VN corporate bond market cools for 2nd month
VN corporate bond market cools for 2nd month
BUSINESSicon  20/11/2020 

The value of corporate bonds issued in October was VND9.5 trillion (US$409 million), down 12.8 per cent from September, according to the Hanoi Stock Exchange (HNX).

Vietnam’s digital economy to reach $14 billion this year
Vietnam’s digital economy to reach $14 billion this year
BUSINESSicon  20/11/2020 

Vietnam’s digital economy is expected to reach 14 billion USD in 2020, a year-on-year increase of 16 percent, and will likely reach 52 billion USD in 2025, re-accelerating to nearly 29 percent in compound annual growth rate.

Vietnamese chocolate products have chance to enter global market
Vietnamese chocolate products have chance to enter global market
BUSINESSicon  20/11/2020 

There is an opportunity for Vietnamese chocolate to become a niche player in the world market with a brand of unique flavoured cocoa, according to the Belgian ambassador to Vietnam.

HCM City bourse has more ‘goods’ as banks shift from HNX, UpCom to HOSE
HCM City bourse has more ‘goods’ as banks shift from HNX, UpCom to HOSE
FEATUREicon  20/11/2020 

A number of commercial banks are shifting to list shares at the HCM City Stock Exchange (HOSE). The presence of high-quality goods is believed to trigger a new price rise in the post-Covid-19 period.

Vietnam urged to move up global value chains post-pandemic
Vietnam urged to move up global value chains post-pandemic
BUSINESSicon  20/11/2020 

Vietnam needs to diversify global supply chains in order to achieve inclusive growth and attract investment after the pandemic ends, speakers said yesterday (Nov 18) at a meeting in HCM City.

Construction materials market flourishes again
Construction materials market flourishes again
BUSINESSicon  20/11/2020 

After a gloomy period due to the COVID-19 pandemic, the construction materials market in HCM City started to flourish again in the third quarter as the peak construction season began and demand from some export markets recovered.

The VND to strengthen in 2021: VNDirect Securities
The VND to strengthen in 2021: VNDirect Securities
BUSINESSicon  19/11/2020 

The Vietnamese dong will remain stable for the rest of the year but may appreciate by 0.5 per cent in 2021, VNDirect Securities Corp forecast.

RCEP feared to pave the way for Chinese goods to flood Vietnamese market
RCEP feared to pave the way for Chinese goods to flood Vietnamese market
FEATUREicon  20/11/2020 

Other RCEP-member economies have the same export products as Vietnam’s, so If Vietnam’s production capability does not improve, the domestic market will become a playing field for Chinese and other foreign products.

Vietnam is ‘new promising land’ for multinationals
Vietnam is ‘new promising land’ for multinationals
FEATUREicon  20/11/2020 

With great achievements in containing the Covid-19 pandemic and obtaining positive GDP growth rate in 2020, Vietnam is seen as an ideal destination for foreign investors.

Vietnam gov’t eyes further preferential policies to support automobile industry
Vietnam gov’t eyes further preferential policies to support automobile industry
BUSINESSicon  19/11/2020 

Existing incentive policies are not attractive enough to encourage local enterprises to further invest in the automobile industry.

 
 
 
Leave your comment on an article

OR QUICK LOGIN