Vietnamnet.vn
Industrial zones getting hot again
VietNamNet Bridge - Investors have poured money into industrial zone (IZ) projects again and many large-scale projects will be completed in the time to come.
VietNamNet Bridge - Investors have poured money into industrial zone (IZ) projects again and many large-scale projects will be completed in the time to come.
The foreign investor has revealed that it is seeking another license to build another IZ in the north which is expected to be even larger than the project in Dong Nai.
In HCM City, one more IZ, with the total area of 300 hectares, joined the market in the second quarter.
Under the city development plan, 2,600 hectares of IZs would be put into operation by 2030, thus increasing the total IZ area in the city by 66 percent. These include the third phase of Le Minh Xuan IZ, Tay Bac Cu Chi, Hiep Phuoc and Vinh Loc 1 IZs.
The District 9 People’s Committee has urged state agencies to speed up the construction of the hi-tech park in Long Phuoc Ward capitalized at VND4 trillion, because the existing hi-tech park is nearly fully occupied.
In the central region, investors have also poured money into beachfront resorts and IZs. Da Nang City, for example, plans to have four new IZs by 2020 with the total area of 1,600 hectares. In Quang Ngai province, Dong Dinh IZ has become operational recently.
Northern investors are also busy with IZ development projects. Viglacera has kicked off the second phase of the Yen Phong IZ in Bac Ninh province. Many big investors, including Samsung, Orion, Flexcom, Dongsin, Mobase, Dawon Vina and Hansol are present in Bac Ninh, which means higher demand for premises in IZs and bigger business opportunities for IZ developers.
Analysts commented that the IZ development has been supported by favorite conditions. The foreign direct investment (FDI) has seen a strong recovery since 2015. In the first seven months of the year, the total FDI registered capital reached $13 billion, a sharp increase of 46 percent compared with last year.
This is an encouraging result if noting that some other regional countries, such as Thailand, see FDI capital decreasing dramatically by 90 percent.
The strong FDI flow has helped real estate developers prosper. The Kinh Bac Urban Area Development Corporation (KBC), for example, reported a sharp increase of 72 percent in the first six months of the year to VND1.11 trillion and a 67 percent increase in net profit to VND419 billion.
However, analysts have warned that investors would face high risks with IZ projects because of the current low occupancy rate, about 40 percent.
NCDT
The foreign investor has revealed that it is seeking another license to build another IZ in the north which is expected to be even larger than the project in Dong Nai.
In HCM City, one more IZ, with the total area of 300 hectares, joined the market in the second quarter.
Under the city development plan, 2,600 hectares of IZs would be put into operation by 2030, thus increasing the total IZ area in the city by 66 percent. These include the third phase of Le Minh Xuan IZ, Tay Bac Cu Chi, Hiep Phuoc and Vinh Loc 1 IZs.
The District 9 People’s Committee has urged state agencies to speed up the construction of the hi-tech park in Long Phuoc Ward capitalized at VND4 trillion, because the existing hi-tech park is nearly fully occupied.
In the central region, investors have also poured money into beachfront resorts and IZs. Da Nang City, for example, plans to have four new IZs by 2020 with the total area of 1,600 hectares. In Quang Ngai province, Dong Dinh IZ has become operational recently.
|
Investors have poured money into industrial zone (IZ) projects again and many large-scale projects will be completed in the time to come. |
Analysts commented that the IZ development has been supported by favorite conditions. The foreign direct investment (FDI) has seen a strong recovery since 2015. In the first seven months of the year, the total FDI registered capital reached $13 billion, a sharp increase of 46 percent compared with last year.
This is an encouraging result if noting that some other regional countries, such as Thailand, see FDI capital decreasing dramatically by 90 percent.
The strong FDI flow has helped real estate developers prosper. The Kinh Bac Urban Area Development Corporation (KBC), for example, reported a sharp increase of 72 percent in the first six months of the year to VND1.11 trillion and a 67 percent increase in net profit to VND419 billion.
However, analysts have warned that investors would face high risks with IZ projects because of the current low occupancy rate, about 40 percent.
| related news |
NCDT
BACK TO HOME
.svg){kind=icon}
MORE NEWS
Vietnam spends $2.72 billion to import seafood, foreign crab floods market
Imported seafood is no longer the food of the rich. Vietnamese are consuming more seafood from Japan, Australia, South Korea and Canada.
Some key interest rates fall further early next week
The State Bank of Vietnam, the central bank, announced five separate decisions on March 31 to further lower some key interest rates, with effect from April 3. This is the second round of rate cuts in March.
Professor wants to connect local and international science communities
Vietnamese-born Professor Nguyen Thuc Quyen from University of California, Santa Barbara, and co-chair of the VinFuture Prize Pre-screening Committee, said she wants to connect Vietnam's and the world's scientific communities more closely.
Beautiful Tra Su melaleuca forest featured in movies
Tra Su has been recognized by the Guinness World Records Organization as the most beautiful Melaleuca Forest in Vietnam.
Blooming Central Highlands coffee flowers attract visitors
Coffee flowers are in full bloom across some Central Highlands provinces during spring, attracting many visitors.
Vietnamese and the ‘becoming old before getting rich’ fear
The long queues of people waiting for their turn to get lump sum benefits at social insurance agencies since 2021 reflects the situation of many laborers two years after the pandemic outbreak.
Development pace picking up in energy
Wealthy foreign investors in energy are expanding their long-term strategies in Vietnam while many ongoing projects that missed the feed-in tariff deadline are struggling to find a revenue balance.
Van Phong EZ to become high-end tourism-entertainment center
Van Phong Economic Zone (EZ) in the central province of Khanh Hoa will be developed into a high-end tourism and entertainment service center and be internationally competitive.
Landslides in Mekong Delta increasingly serious
Landslides in many localities in the Mekong Delta have been increasingly serious in recent years, occuring all year round.
Kinks to iron out to prepare for British involvement in trans-pacific agreement
The United Kingdom’s efforts to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership are being seconded by Vietnam, but various issues persist involving other members.
Vietnam's seafood exports hardest hit amid reduced global demand
While Vietnam’s export of several key agro-forestry-aquatic products endured a sharp drop of 14.40 percent on-year in the first quarter of 2023, seafood exports were hardest hit with the on-year fall of 29 percent.
VN must clearly determine pharmaceutical sector’s goals for the future
The pharmaceutical sector plays an important role in healthcare, meaning development goals must be established.
1.8 mln mobile subscribers with incorrect personal information to be locked
Mobile service providers will block incoming calls for about 1.8 million subscribers with personal information failing to match the national population database beginning on April 1.
British national museum, library introduce items on Vietnam
Speakers from the British Museum and Library have introduced documents on Vietnam’s culture and its long-standing ties with the UK, at a discovering-Vietnam event held at the D-Contemporary in central London.
Vietnam objects to Taiwan’s live-fire drills in Ba Binh
Vietnam resolutely opposes to and demands Taiwan (China) to cancel live-fire drills in the waters around Ba Binh (Itu Aba) belonging to Vietnam’s Truong Sa (Spratly), vice spokesperson of the Vietnamese Ministry of Foreign Affairs Pham Thu Hang said.
