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IZ
Update news IZ
Industrial zones (IZs) in the southern key economic zone (HCM City, Binh Duong, Ba Ria – Vung Tau and Long An) have seen a high level of investment for three years because of free trade agreements (FTAs) of which Vietnam is a member.
Industrial zones’ brilliant days return
Industrial zone (IZ) development is expected to be one of the three most profitable real estate segments this year.
Preferential incentives not the only lure for foreign investors in IZs
VietNamNet Bridge – Many industrial zones (IZs) are finding it
difficult to attract foreign investors despite significant investment
incentives.
Foreign-invested industrial zones thriving in Vietnam
The major difference between Vietnamese-owned and
foreign-invested industrial zones (IZs) is that the former aim to lease
land to businesses, while the latter, which have had great success,
want to provide industrial infrastructure.
Foreign-developed IZs have higher occupancy rates than Vietnamese counterparts
Most of the industrial zones (IZs) in Vietnam
developed by foreign investors have higher occupancy rates than those
developed by Vietnamese because they have better strategies to attract
businesses.
HCM City to build multi-story workshops in industrial zones
HCM City, the largest commercial hub in Vietnam,
plans to built multi-story workshops in industrial zones (IZs) in an
effort to lure small- and medium-sized investors who need space at
“reasonable costs”.
Vietnam urged to carefully consider new foreign textile/garment projects
VietNamNet Bridge - Local authorities have been warned to think
carefully before welcoming more foreign textile and garment investors,
as they could likely suffer in the future.
Dong Nai to relocate industrial zone to curb pollution
VietNamNet Bridge – Southern Dong Nai province has decided to remove
the Bien Hoa Industrial Zone 1 at a cost of more than VND11 trillion
($523.8 million) to reduce pollution on the Dong Nai River.
Cancer cases multiply near Dong Van Industrial Zone
VietNamNet Bridge – Many residents in villages in Ha Nam Province’s
Duy Tien District became seriously ill and lost their jobs after giving
up farmland to the state to make room for the Dong Van Industrial Zone in the province.
“EZ, hi-tech zone syndrome” impoverishes the country
VietNamNet Bridge – Vietnam is facing the oversupply of high technology zones and economic zones (EZs).
IZs have been 60 percent occupied only
VietNamNet Bridge – The poor infrastructure and the high land leasing fee in industrial zones (IZ) have kept investors away.
BUSINESS IN BRIEF 10/10
$4 bln Vung Ro refinery project launched; Aquatic export turnover hits 4.6 bln USD; Vietnam committed to TPP negotiation success; Hanoi’s first concentrated IT park makes debut
BUSINESS IN BRIEF 13/9
Japanese investors pour another US$166 mil into HCM City; Vietnam, US businesses cooperate in developing cotton industry; Border trade aims for US$30 billion in 2020
BUSINESS IN BRIEF 12/9
Production, business sectors pay more tax; Kumho plans $100m spend in Viet Nam; Vietnam flaps its air-transport wings; Shiseido Vietnam builds US$30 million plant in Dong Nai
BUSINESS IN BRIEF 2/6
Petition filed against steel dumping; Binh Dinh to set up advisory group for oil refinery plan; SOEs pose threats for domestic economy; Authorities consider policy for property insurance contracts
MOF to restore tax incentives to encourage FDI to IZs
The draft of the corporate income tax law compiled by the
Ministry of Finance (MOF) is comprised of the provision saying that the tax
incentives for industrial zones (IZs) would be restored.
BUSINESS IN BRIEF 22/2
January sees better auto sales; Experts: More foreign capital to flow this year; Seafood exports down in Q1; Russia, VN eye $7b in trade; Leading developer posts falling profit
Where workers fear New Year holiday
HCM City has over 250,000 workers in the industrial and export-processing zones. Up
to 70% of them come from other provinces. Everyone wants
the family reunion during the lunar New Year, but many
workers "don't dare" to return home...
