[Nov 22 - Dec 05, 2019] Vietnam Weekly Industrial & Logistics Highlight
Work begins on first mercury-free zinc-manganese battery factory
Construction of the first Vietnam factory producing mercury-free zinc-manganese battery located in the southern province of Binh Phuoc. Covering more than 30ha in Becamex - Binh Phuoc Industrial Park, the factory has a total investment capital of US$15 million.
The US Archer Daniels Midland Company (ADM) launched its latest livestock feed plant, worth more than $22.1 million, in the northern province of Ha Nam. Covering 4.6ha at the Hoa Mac Industrial Park, the new facility joins a growing list of investments by ADM in Vietnam, marking its fifth plant dedicated to animal nutrition in the country.
Ford Vietnam will invest an additional US$81.7 million in expanding its automobile assembly and Vietnam factory in the northern province of Hai Duong. The factory's capacity is expected to increase to 40,000 units from the current volume of 14,000 units per year.
Germany automation firm Festo to set up Vietnam factory
Festo, a German supplier of automation technology and technical education, plans to set up a plant in Vietnam to take advantage of the increasing foreign investment and production in the country.
Vinsmart manufacturing plant officially put into operation
The first phase of the Vinsmart manufacturing plant in Hoa Lac Hi-tech Park (Hanoi) has been inaugurated on November 23. Of its 14.8ha area, the plant has developed the first phase on 4.8ha to manufacture electronic boards, smartphones, and built several R&D facilities.
Korean firms hoped to create a new wave in Vietnam investment
At the event, 33 cooperation documents were handed over to Korean investors who plan to invest 19.35 billion USD in Vietnam investment in the time ahead.
FDI from China has increased sharply
According to data from the General Statistics Office, the newly registered capital from China in 11 months reached more than US$2.28 billion. This figure is more than double the latest three-year average and puts China in second place, just behind Korea, indirect to Vietnam investment
Mobile phones, electronic products - largest foreign currency earners
With over 77 billion USD from exports as of November 15, the two groups of products accounted for more than 33.5 percent of the country’s total export turnover.
Dong Nai records fast FDI disbursement
In the first 10 months of 2019, more than 1 billion USD of FDI capital was disbursed, mostly in industrial production. The province has set the target for the entire year at 1 billion USD.
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.