Update news IZs

Vietnam has a “golden chance” to attract a new wave of foreign investment, especially to economic zones (EZs) and industrial parks (IPs), according to Deputy Minister of Planning and Investment Tran Quoc Phuong.

Investors face up to complex eco-industrial park process

Although a new decree on the management of industrial and economic zones in Vietnam has been set up to drive the modernisation of the industrial park model, investors are lacking specific guidelines for implementation.

Real estate market 'gloomy', brokers leaving

Tran Van Tung, a real estate broker, has not closed any sale over the last three months, but still has to pay for travel, phone calls and ads.

Multinationals may hesitate to enter Vietnam because of rising land rent

Rising land rent and shortages in industrial zones (IZs) may cause multinationals, which are seeking land near Hanoi and HCMC City, to hesitate to come to Vietnam.

As rubber price falls, rubber companies shift to develop IZs

Since the core business field is facing difficulties, rubber companies are now gathering strength on developing industrial zones (IZs).

Migrant works in IZs face difficulties in finding accommodation

Accommodation for low-income workers in industrial and economic zones (IZs and EZs) has become more scarce in the face of increasing demand.

Industrial zones face shortage of kindergartens for workers’ children

A shortage of licensed public kindergartens for the children of migrant workers in industrial zones (IZs) and export processing zones (EPZs) is putting pressure on local authorities to solve the problem, 

Industrial zones shift strategy to attract more small, medium-sized businesses

Industrial zones (IZs) are no longer offering tax and land rent incentives to attract investors, but are following new business strategies to attract investors to set up factories in IZs.

National Assembly backs downsizing IZs, EZs

 VietNamNet Bridge – The National Assembly (NA) on March 21 gave the nod to a Government proposal to downsize industrial zones (IZs), economic zones (EZs) and some infrastructure projects from now to 2020.

IZs and EZs lauded as key to national growth

VietNamNet Bridge – The growth model for economic and industrial zones continues to play a significant role in attracting domestic and foreign direct investment, as well as furthering national development.  

Hanoi, HCM City have contrasting FDI figures

VietNamNet Bridge - Hanoi has lowered the target for foreign direct investment (FDI) into industrial zones (IZs), at a time when foreign investors are continuing to flock to HCM City.

New IZ master plan to boost efficiency

 VietNamNet Bridge – The Vietnamese government last year made changes to the development plans for industrial zones in 47 cities and provinces nationwide to facilitate more effective land usage and investment climate.

Dong Nai: rioters imprisoned for destroying assets at IZs

 The People’s Court of Bien Hoa city in the southern province of Dong Nai on December 3 sentenced six men from 1 to 2 years and a half in prison for “causing social disturbances” in local industrial zones.

New land policy clips IZ developers’ wings

 VietNamNet Bridge – Infrastructure developers and enterprises in IZs say that the government’s new land policy has caused them serious difficulties.

Full steam ahead for foreign investment in Vietnam

 The Vietnam government has done its best to create a favorable investment environment and in the 10 months leading up to November the nation’s economy is like a locomotive gaining momentum.

IZs told to protect environment

 VietNamNet Bridge – Ha Noi authorities will ban or limit investment in economic and industrial zones that have failed to install waste-water treatment systems, the municipal People's Committee has said.

Delayed projects on the chopping block

 VietNamNet Bridge – Localities nationwide are intensifying efforts to create a healthy climate for and speed up the pace of investment.

260 prosecuted for destroying factories in Binh Duong

 VietNamNet Bridge - For the first time, the police of Binh Duong Province have found themselves handling a case with hundreds of suspects, who are expected to be put on trial as soon as possible.

Social News Headlines 16/5

 Ministry ensures security, order at industrial zones; Dong Nai: legal proceedings against disturbance cases; Five children drown in Hieu River; About 6,000 vehicles yet to install mandatory black boxes

HCMC promises to do its best to protect foreign firms

Addressing the concerns of the foreign business community after some incidents in southern provinces, HCM City governor Le Hoang Quan promised to do his best to protect the interests of foreign investors.