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Quang Tri eyes 86 million USD logistics centre The People’s Committee of Quang Tri province has approved in principle for Dong Nam ICD JSC to develop a logistics centre, expected to cost more than 2 trillion VND (86 million USD), in the East South Quang Tri Economic Zone. The 72ha centre is slated for completion…

Large-scale Dong Nai plans remain mired in difficulties Dong Nai authorities are looking for ways to expand available industrial land to accommodate large-scale manufacturers’ needs, with the large-scale projects of Long Thanh High-tech Industrial Park and Hyosung Dong Nai highlighting how land is running scarce for new set-ups and expansion alike. Long Thanh High-tech Industrial…

Nudging investors towards new pastures There is now plenty of movement by German enterprises re-orienting from China, complementing their existing Chinese operations with new activities in Vietnam regarding sourcing and investments. Björn Koslowski, deputy chief representative of the Delegation of German Industry and Commerce in Vietnam, assesses the China+1 strategies and how they are being…

Foreign groups step up plans to enter or expand in Vietnam While China is struggling with the pandemic and is losing the confidence of foreign investors, proven resilience is pushing Vietnam to the fore as an ideal investment and manufacturing hub for Southeast Asia. Vietnam has been chosen as the ideal destination for the “China+1”…

Gaw NP Industrial pushes for 2021 operation date Gaw NP Industrial, the latest development in Vietnam funded by global real estate private equity firm Gaw Capital Partners, is actively pushing its investment process in order to be operational in the first quarter of 2021. Talking to VIR, Vo Sy Nhan, co-founder and managing director of…

Industrial infrastructure mostly serves FIEs Vietnam has borrowed big money to develop industrial infrastructure, but this has mostly brought benefits to foreign invested IZs (industrial zones) and FIEs (foreign invested enterprises). Industrial infrastructure mostly serves FIEs. Vietnam is considered one of the most dynamic economies in terms of industrial infrastructure establishment. Prof Dang Dinh Dao…

Housing projects to see more inspections HÀ NỘI The Ministry of Construction and localities must conduct inspections on urban areas that may have violated their approved plans and issue strict punishments if violations are found, Deputy Prime Minister Trịnh Đình Dũng said at a National Assembly (NA) question and answer session on Wednesday. Housing projects…

HVACR Vietnam 2019, the most established international exhibition on Heating, Ventilation, Air-Conditioning, Air Filtration & Purification, and Refrigeration Systems (HVACR) in Việt Nam, is back. The only HVACR trade show in the country, its 13th edition will be held from March 25 to 27 at the Phú Thọ Stadium in HCM City. The annual exhibition…

The story of Viet Nam’s economic miracle Walking around in Ha Noi, Viet Nam’s capital, you can feel boundless energy everywhere. People whiz by on scooters, buy and sell everything from phones to food in the countless small shops, and run to and fro to get to school or work. Viet Nam is young, growing,…

Higher second home tax to pose challenges HÀ NỘI — The Ministry of Finance (MoF)’s proposal to tax second and additional homes to restrict property speculation and oversupply would face challenges, experts have said. Revenue from property tax makes up 2 per cent of GDP in OECD countries and 0.6 per cent in developing economies, according…