[May 13 - May 20, 2019] Vietnam Weekly Industrial & Logistics Highlight
Vietnam industrial real estate was well placed to great growth
Low labor costs, reasonable land rental price, tax incentives, free trade agreements,... are the factors attracting many foreign corporations to locate their factories in Vietnam.
Industrial real estate benefits from the shift of production from China
According to Mr. Alexander Christopher Falter, General Director ECCO Vietnam, ECCO has visited many industrial parks in South Vietnam before coming to Bau Bang Industrial Park, which has the new ready-built factory of BW Industrial, with a beautiful and modern design, totally match with Ecco's needs. Notably, with the support from the investor, Ecco only took 4 months from getting business license to the actual production and operation.
Greater efforts to reform administrative procedures needed
Vietnam has cut thousands of business regulations and special inspection procedures, saving 4 trillion VND (172 million USD) in 2017 and 6.3 trillion VND (270.9 million USD) in 2018, according to the World Bank (WB).
Complex to link Japanese, Vietnamese firms in supporting industries
A complex intended to connect Japanese and Vietnamese firms involved in supporting industries will be developed in the Hanoi Southern Supporting Industrial Park (HANSSIP).
SK Group invests $1 billion in Vingroup, becoming strategic partner
Vingroup and South Korean corporation SK Group officially signed the strategic partnership agreement on May 16.
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).
Hotline: (+84) 899 514 468
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