[Apr 15 - Apr 21, 2019] Vietnam Weekly Industrial & Logistics Highlight
Industrial property boosts appeal to investors
A large number of companies from Europe, the Republic of Korea, Japan, and China are choosing to invest in building manufacturing facilities in Vietnam, promising a boost to the development of the industrial property segment.
Malaysian firms explore investment in VN’s car manufacturing industry
Fifteen Malaysian firms are visiting Việt Nam to explore investment opportunities in the country’s car manufacturing industry. Vietnam is an attractive market for the automobile manufacturing industry because of its young markets and attractive investment and business policies, Malaysian Ambassador to Vietnam Dato' Mohd Zamruni Khalid stated.
Trump’s Trade War Turns Vietnamese Furniture Maker Into a Winner
While the U.S. and China both scramble to limit losses in their ongoing trade war, Xuan Hoa Vietnam Joint Stock Co., a furniture company based outside of Hanoi is adding to its winnings. On the back of U.S.-China tariffs on $360 billion in goods last year, Xuan Hoa clients - including Swedish furniture giant Ikea - have re-directed some production from China to Vietnam. At least 10 new prospective clients came calling at Xuan Hoa’s office from abroad in just the first three months of the year.
Food processing industry sees stable growth
Foreign and domestic investment has led to an annual growth rate of 10 per cent for the food processing industry sector in recent years.
Prospects of wood processing industry in Southeast provinces
The robust growth of wood processing industry for export not only helps boost foreign currency revenues for the country but also encourages afforestation and creates more jobs for local laborers. Most of the country’s largest wood producers located in Binh Duong and Dong Nai provinces, contributing more than 50 percent to the country’s production and export value of wood products.
More manufacturers enter e-motorbike market
The Vietnamese electric motorbike market is seeing the participation of more and more domestic and foreign manufacturers.
CPTPP offers rising appeal
With the landmark Comprehensive and Progressive Agreement for Trans-Pacific Partnership in effect in Vietnam, the race among investors in the sectors that stand to gain the most is expected to heat up, heralding in opportunities for Vietnam to approach long-coveted higher-quality capital flows.
US – China Trade War Inspires Vietnam Growth
As the trade war between the US and China shows no signs of abating, Vietnam has progressively ramped up manufacturing, attracting foreign investors and increasing exports to the US. The country’s real GDP climbed by 6.79 percent on the year during the first quarter of 2019 as per official government data. It also enjoyed the second strongest first quarter growth in the past decade, surpassed only by 7.45 percent in 2018. Exports to the US jumped by 26 percent on the year in the first year.
Hải Dương eyes $39m garment project
Regent Garment Co has received approval in principle from Hải Dương People’s Committee to develop its third garment production factory in the locality, at a cost of US$39 million.
Vietnam's garment sector eyes $60 bn from exports by 2025
Vietnam’s textile and garment industry is optimistic about earning $60 billion from exports by 2025, thanks to free trade agreements (FTAs) and a focus on environment-friendly manufacturing, The sector earned $36 billion in exports last year, up 16 per cent year-on-year, making the country one of the world’s three biggest exporters of textiles and apparel.
Cargo via Vietnamese seaports increases in Q1
Over 128.4 million tonnes of cargo were handled through Việt Nam’s seaports in the first quarter of this year, up 7 per cent annually, according to the Việt Nam Maritime Administration (VMA).
Guarantee for customs clearance to be piloted in 2021-22
The execution of guarantee for customs clearance will be piloted in 2021-22 in an effort to enhance trade facilitation through speeding up clearance.
Vingroup opens new AI research institute
On 17/04/2019, giant IT-real-estate-manufacturing-retail conglomerate Vingroup opened VinAI Research, a research institute focusing on artificial intelligence (AI) with the goal of elevating Việt Nam’s role in the AI world.
BW Industrial Development JSC
The leading for-rent industrial real estate platform in Vietnam.
With a professional and passionate management team, BW Industrial Development JSC is well positioned as a fully integrated platform to capture the robust demand for modern logistics properties. With an existing development of 200 ha across Vietnam, BWID is currently providing multiple services including: Ready Built Factory For Rent, Logistics Warehouse For Rent & Built-to-suit Project in 08 Industrial Parks in which four locations in the North (in Hai Phong, Hai Duong & Bac Ninh) and other four locations in the South (in Binh Duong & Dong Nai).
When leasing BW Industrial’s ready built factories, BW Industrial provides transparency and supports investors to ensure cost and time efficiency for tenants. We support to facilitate speedy setup of manufacturing operations and government license applications in Vietnam. Hence, all of BW Industrial’s existing tenants always satisfy the quality of the ready built factories and value-added services that BW Industrial is providing.
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