[May 06 - May 14, 2019] Vietnam Weekly Industrial & Logistics Highlight

15-05-2019
Harnessing fresh capital influx into Asia’s new tiger  
Vietnam’s surge towards becoming Asia’s fastest-growing economy is helping the country attract even more capital from overseas sources. One eminent example is the joint venture between international private equity fund Warburg Pincus and local partner Becamex IDC. As one of the biggest global private equity firms, Warburg Pincus sees great potential in industrial and logistics infrastructure demand in Vietnam.
 
PM appreciates Warburg Pincus’ investment in Vietnam
Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on May 7 for Timothy Geithner, former Secretary of Treasury of the US and now President of Warburg Pincus, during which he appreciated the US firm’s investment in several projects in Vietnam.
 
CEO of Buffett-owned Brooks Running moves production out of China, cites tariff threat
The chief executive of Brooks Running, part of Warren Buffett’s Berkshire Hathaway Inc, said his company will shed much of its presence in China by moving running shoe production to Vietnam, a result of the trade dispute between China and the United States.
 
US-China trade war is a gift that keeps on giving for Vietnam
Foreign investors have continued to flock to Vietnam’s factory districts as the trade war between the United States and China approaches its second year.
 
Schaeffler invests 45 mn euros for new manufacturing plant in Vietnam
German automotive and industrial supplier Schaeffler AG on Friday announced that the company invested over 45 million euros in the construction of this new production plant in Bien Hoa, Vietnam. 
 
VPA/FLEGT to take effect in early June 2019
The Voluntary Partnership Agreement (VPA) on Forest Law Enforcement, Governance, and Trade (FLEGT) between the European Union (EU) and Vietnam will come into force on June 1, 2019.
 
Construction of 105 million USD project begins in Hai Phong
Construction of an apartment and trade centre complex worth more than 2.2 trillion VND (105 million USD) began in the northern port city of Hai Phong on May 11.
 
 
 

BW Industrial Development JSC

The leading for-rent industrial real estate platform in Vietnam.

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