Belgian investment in Hai Phong city recognised

Chairman of the People's Committee of the northern port city of Hai Phong Duong Anh Dien has emphasised the important role of Belgium in investment cooperation with the city. The city's official made the remark at a working session with a visiting Belgian economic delegation, led by Crown Prince Philippe, in the city on March 14. The city's Dinh Vu Industrial Zone, in which Belgian enterprises have invested, is considered an example of investment cooperation between Belgian and other partners, … [Read more...]

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Japan’s Bridgestone holds grand opening for first Vietnam tire plant

The Vietnam unit of Japanese tire manufacturer Bridgestone Corporation has inaugurated its first tire plant in the Southeast Asian country, Bridgestone Asia Pacific Pte. Ltd. (BSCAP) said last week. The plant, operated by Bridgestone Tire Manufacturing Vietnam Limited Liability Company (BTMV), is located in the Dinh Vu Industrial Zone in the northern city of Hai Phong, around 100km from Hanoi, BSCAP said Friday in a press release to announce its grand opening the same day. … [Read more...]

Bridgestone rolls out tire factory

HAI PHONG (VNS)- Bridgestone Corporation, the world's largest tire and rubber company, yesterday inaugurated its first tire plant in Viet Nam. With a capital investment of nearly US$448 million, the plant is expected to serve as a key export base to Europe, North America and Japan when fully operational. Located at the Dinh Vu Industrial Zone in northern Hai Phong City, the plant is manufacturing radial tires for passenger cars. It began production last April with a planned capacity of around … [Read more...]

Japanese firm inaugurates tyre plant in Hai Phong

Minister of Industry and Trade Vu Huy Hoang spoken at the launching ceremony. (Photo: VNA) Bridgestone Tyre Manufacturing Vietnam Co., Ltd (BTMV), a subsidiary of Japan's Bridgestone Asia Pacific Pte. Ltd (BSCAP), launched its first tyre plant in Vietnam in the Dinh Vu Industrial Zone, the northern Hai Phong port city, on October 24. … [Read more...]

Bridgestone inaugurates first tyre factory in Vietnam

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(VOV) - Bridgestone Vietnam Ltd Company under the Bridgestone Asia Pacific (BSCAP) inaugurated the first tyre factory at Dinh Vu Industrial Zone in Haiphong City on October 24. This is the largest foreign direct investment (FDI) project in Haiphong with capitalisation of US$447.8 million. Bridgestone Vietnam began manufacturing radial tyres for automobiles as from April 2014 with productivity of 10,000 tyres per day. It expects to raise its productivity to 49,000 tyres per day and attract … [Read more...]

Belgium highly values PM Dung’s visit

VGP - PM Nguyen Tan Dung's official visit to Belgium is of great importance and will most certainly enhance the bilateral ties bewteen Viet Nam and the European country, according to a representative of the Belgian Embassy in Ha Noi. Viet Nam is an important partner for Belgium in South East Asia especially with regard to trade, investment and development cooperation, the Embassy said. Thanks to the hard work on both sides, the two countries have taken big steps forward in certain important … [Read more...]

Strong Capital Flows from Japan into Vietnam

Facing the uncertainty of investing in the Chinese market, Japanese firms have gradually withdrawn their capital from that market and invested in Southeast Asian countries instead. And Vietnam is one of those trusted destinations.

A series of newly licensed projects … [Read more...]

Delayed land clearance holds up work on longest sea bridge

HAI PHONG (VNS) - Work on Viet Nam's longest sea bridge, the Tan Vu-Lach Huyen Sea Bridge in Hai Phong, was at danger of being delayed due to slow land clearance, according to the project's investors. The 15km bridge, with a stretch that will span a 5.5km stretch of water, is a key national project designed to connect eastern areas of the city to Lach Huyen Port, Dinh Vu Industrial Park and the Ha Noi-Hai Phong Expressway. The work started in February this year, a year later than scheduled. It … [Read more...]

Global gypsum board producer invests 30 million euro in Vietnam

Chi Phong The Saigon Times Daily: What are the underlying reasons for Knauf's decision to invest 30 million euro to build a new factory in Hai Phong under such a challenging economic context? - David Victor Thomas: We entered Vietnam nearly one year ago and since then, we have rapidly established our foundation in the country. In 2013, we applied for and gained an investment license to build a gypsum board manufacturing facility in Hai Phong. Roughly a year afterwards, we further enhanced … [Read more...]

Political News 23/7

Sri Lanka, Viet Nam step up security co-operation Deputy Prime Minister Nguyen Xuan Phuc has asked Sri Lanka to work closely with Viet Nam to fight crimes, especially those involving e-commerce and credit, as per their signed agreements. Receiving Secretary to the Sri Lankan Ministry of Law and Order, Nanda Mallawaarachchi, in Ha Noi yesterday, Phuc asked for closer bilateral collaboration to ensure security and safety for high-ranking delegations, as well as for trade, investment, studies and … [Read more...]

Hai Phong needs to focus on human resource training

The port city needs to review appropriate personnel placement and seek assistant sources to ease difficulties for businesses with poor performance, he said during his working session with municipal key officials on July 22. President Truong Tan Sang has told authorities of Hai Phong city to arrange its network of vocational schools along with its colleges and universities to improve the quality of human resources to aid its economic model shifting and integration. Hailing its efforts in … [Read more...]

Port city urged to boost maritime economy

President Sang (left) works with Hai Phong leaders. (Credit: VNA)

Nhan Dan Online - President Truong Tan Sang has asked the northern port city of Hai Phong to continue promoting maritime economic development and enable localities, including Bach Long Vi island district, to fulfil their functions as fishing logistical services and salvage centres. During talks with local leaders on July 22, President Sang praised Hai Phong for its efforts to stop recession and recover growth momentum, and emphasised that the port city held a crucial position in the northern … [Read more...]

Hai Phong needs to focus on human resource training: President

President Truong Tan Sang has told authorities of Hai Phong city to arrange its network of vocational schools along with its colleges and universities to improve the quality of human resources to aid its economic model shifting and integration. The port city needs to review appropriate personnel placement and seek assistant sources to ease difficulties for businesses with poor performance, he said during his working session with municipal key officials on July 22. Hailing its efforts in … [Read more...]

Knauf begun construction of first factory in Vietnam

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Knauf Vietnam, a wholly-owned subsidiary of Germany's Knauf Group, commenced the construction of its very first plant in northern Vietnam. … [Read more...]

Work Starts on Knauf Vietnam’s Gypsumboard Manufacturing Plant in Hai Phong

Knauf Vietnam Co., Ltd, onJuly 16th, commenced the construction of its very first plant in Northern Vietnam.

Located in Dinh Vu Industrial Zone in Hai Phong, Knauf Plant is one of the largest FDI projects in Hai Phong. With a total investment of 30 million euro, the plant covers an area of around 63,000m2 and once starts operation, the plant would have an annual capacity of 12 million m2 gypsumboard and 15 million linear metre metal profile. Mr David Thomas, General Director, said: "We just launched 2 distributors in Vietnam, one in the South and one in the North, and now we are starting the … [Read more...]

Knauf Vietnam commences work on new plant

Knauf Viet Nam Company starts construction of its first gypsumboard manufacturing plant in the northern region of Viet Nam. - VNS File Photo

HAI PHONG (VNS) - Knauf Vietnam Company on July 16 started the construction of its first plant in the northern port city of Hai Phong. … [Read more...]

Knauf Vietnam’s gypsumboard manufacturing plant started construction

Knauf Viet Nam Company starts construction of its first gypsumboard manufacturing plant in the northern region of Viet Nam. - VNS File Photo

HAI PHONG (VNS) - Knauf Vietnam Company on July 16 started the construction of its first plant in the northern port city of Hai Phong. … [Read more...]

Dinh Vu Industrial Zone (DVIZ) attracts USD 125 million in investment capital

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With the advantage of an available port system right inside the IZ and the arterial roads such as Highway 5, the upcoming Hanoi-Haiphong- Dinh Vu high-speed motorway, Cat Bi International Airport, the DVIZ has now become a trustworthy address of domestic and foreign investors. Up to this moment, the DVIZ has lured 53 projects with a total investment of USD 3 billion, USD 125 million of which was recorded within the first 6 months of 2014. Fields of investment focus on light and heavy … [Read more...]

Tamada Vietnam commenced construction of a metal tank manufacturing plant in Dinh Vu Industrial Zone (DVIZ)

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The project of metal tank manufacturing plant is built on an area of 23,226 square meters with a total investment of USD 10 million and scheduled to be completed in early 2015 and officially put into operation in September 2015. Once completed, the plant will have an annual capacity of 5,800 tons of metal tanks, basins, pipes and silos, subsidiary materials and molded synthetic plastic products. The project will create 80 good-quality jobs. With the selection of the DVIZ to build the plant, … [Read more...]

Hai Phong’s Economic Restructuring through FDI

In 2013, Hai Phong attracted more than US$2.6 billion of foreign direct investment (FDI), which is seen as a positive move for economic restructuring. Now, the service sector becomes new driving force for the development of the city.Focus on attracting FDI According to the Foreign Investment Agency of the Ministry of Planning and Investment, in 2013, Hai Phong is ranked 3rd in the country in attracting FDI, with a total of the newly registered capital of US$2,612 million, only after Thai Nguyen … [Read more...]