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...