[Jan 21 - 27, 2019] Vietnam Weekly Industrial & Logistics Highlight
Binh Duong open for investment
Provincial authorities will urge site clearance and facilitate construction work to improve the investment climate and help the private sector to develop. The province will open industrial parks and zones to welcome new investment trends, said Mai Hung Dung, deputy chairman of Binh Duong People’s Committee.
PM supports Apple's plan to build a database center in Vietnam
PM Nguyen Xuan Phuc said he supports Apple's plan to build a database center in Vietnam during his meeting with Apple CEO Tim Cook in Davos, Switzerland on January 23.
Vietnam to utilize Amazon e-commerce platform
A recent trade deal signed between the Department of Trade Promotion under the Ministry of Industry and Trade and Amazon Global Selling has enabled Vietnamese enterprises to access more than 300 million online buyers on Amazon e-commerce platform.
Foreign investors pour more money into food processing and drinks industry
For foreign investors, the abundance of agricultural products and foodstuffs in the country is an advantage. Viet Nam is considered one of the top five food baskets in the world and one of the top 15 largest countries by agriculture exports.
Tapping into supporting industries
Over the past decade, Vietnam has attracted a great deal of foreign direct investment into its industrial manufacturing and electronic sectors. Previously, overseas investors had complained about weaknesses in the country’s supporting industries, but recent changes have contributed to attracting fresh investment. Phuong Thu reports.
Dong Nai lures $52.4m in FDI in January
The province has to date attracted $33.8 billion in 1,890 foreign-invested projects, of which 1,394 are validated with a total investment of $28.6 billion. Among 45 countries and territories investing in the locality, the Republic of Korea, Taiwan, Japan and Singapore are the largest sources of FDI.
Vietnam named in top 60 innovative economies
Vietnam has been named among the 60 most innovative economies in the world by the 2019 Bloomberg Innovation Index. Vietnam’s total score was 45.92 points, compared with 87.38 points for the Republic of Korea. The annual Bloomberg Innovation Index, in its seventh year, analyses dozens of criteria using seven metrics, including research and development spending, manufacturing capability and concentration of high-tech public companies.
IZs, EZs attract $8.3 billion in 2018
Industrial zones (IZs) and economic zones (EZs) operating in the country lured more than US$8.3 billion in investment in 2018, a report from the Ministry of Planning and Investment’s Department of Economic Zone Management revealed.
Vietnam remains attractive for investment in 2019: insider
Vietnam will remain an attractive investment destination in 2019, though the impacts of the US-China trade tension that triggered a downturn in global stock markets in 2018 will not end soon.
Opportunities for local support industry firms
A few years ago, Samsung, a world-leading electronics company, encouraged local Vietnamese firms to produce spare parts for their factories. However, the firm struggled to find Vietnamese suppliers capable of making simple components like screws, chargers and keyboards to adequate standards.
BW Industrial Development JSC
The Vietnam’s leading for-rent industrial developer
With a best-in-class management team, BW Industrial Development JSC is a fully integrated platform to capture the robust demand for modern Vietnam factories for-rent and warehouses for-rent. With an existing development of 380 ha across Vietnam, BW is currently providing multiple services including Ready Built Factory For Rent, Logistics Warehouse For Rent & Built-to-suit Projectin 14 locations in 7 industrial cities including Binh Duong, Ho Chi Minh, Hanoi, Dong Nai, Hai Duong, Hai Phong, Bac Ninh.
Thanks to our strong government relationships, we can offer tenants when investing in Vietnam a one-stop shop service from licensing to actual operation in the fastest timeframe.