At the opening ceremony, Mr. Nguyen Thanh Phong, chairman of HCMC People’s Committee, said that industrial processing and manufacturing industry is considered as key economic industry of the city. The city has implemented several solutions to support and create favorable conditions for enterprises in this field to develop. Of which, investment stimulation program is for supporting industry sector only, hereby helping enterprises to invest in upgrading machinery and equipment and improving competitiveness. However, he also said that, in order to participate deeply and sustainably into global supply chain, domestic enterprises need to improve productivity, upgrade technology towards environmental protection. The city will increase activities to promote and connect supporting industry enterprises in the city with end-to-end and foreign direct investment enterprises to create conditions and opportunities for the city’s supporting industry to develop. So far, the city has … [Read more...] about HCMC supporting industry seeks market, cooperation
Industrial production
Int’l machinery, supporting industry fairs open in HCM City
A booth displaying industrial parts at the 2019 Vietnam Supporting Industry Fair, which is being held along with the Vietnam International Machinery Fair in HCM City from December 11 to 14 (Photo: VNA) HCM City (VNA) - The 2019 Vietnam International Machinery Fair and 2019 Vietnam Supporting Industry Fair opened in Ho Chi Minh City on December 11, offering opportunities for companies in the manufacturing and supporting industries to compare notes and explore business opportunities. Pham Thanh Kien, Director of the city Department of Industry and Trade, said the two fairs feature 300 exhibitors from 12 countries and territories, including the Republic of Korea, Thailand, Japan, Singapore, the US, UK, China, Germany and Vietnam. Thirty percent of the 460 booths are displaying supporting industry products produced by Vietnamese companies and metal products and metalworking solutions, 25 percent are showcasing automation solutions and motion control systems, industrial materials and … [Read more...] about Int’l machinery, supporting industry fairs open in HCM City
Identifying apt locations for industrial property
The global trade dispute has facilitated more manufacturing into Vietnam, but that trend originated much earlier Each industrial location has its own strengths. Generally, you will find the best industrial park developers in provinces with superior master planning and more successful foreign direct investment attraction policies. Identifying suitable locations for industrial property is dependent on the client’s requirements, business model, the types of property available or needed, and the location itself. Paul Tonkes, director of Industrial & Logistics Services at Cushman & Wakefield Vietnam Vietnam has three key economic zones with high levels of manufacturing, with the following two contributing close to 80 per cent of Vietnam’s GDP: ● Southern economic region: Ho Chi Minh City, Binh Duong, Dong Nai, Long An, Binh Phuoc, Tay Ninh, Ba Ria-Vung Tau, and Tien Giang. ● Northern economic region: Haiphong, Hanoi, Quang Ninh, Hai Duong, Hung … [Read more...] about Identifying apt locations for industrial property
Supporting industry exhibitions in HCMC attract 300 firms
Other News Supporting industry exhibitions in HCMC attract 300 firms By Le Hoang Thursday, Dec 12, 2019,15:05 (GMT+7) Supporting industry exhibitions in HCMC attract 300 firmsBy Le Hoang Workers inspect spare parts. The Vietnam International Machinery Fair 2019 and the Vietnam Supporting Industry Fair 2019 kicked off in HCMC on December 11, featuring 460 booths run by 300 exhibitors – PHOTO: VNA HCMC – The Vietnam International Machinery Fair 2019 (VIMAF) and the Vietnam Supporting Industry Fair 2019 (VSIF) kicked off in the Saigon Exhibition and Convention Center in HCMC’s District 7 on December 11, featuring 460 booths run by 300 exhibitors. The fairs were part of a series of events boosting the development of the supporting industry in 2019, organized by the HCMC Department of Industry and Trade in collaboration with Korean Association of Machinery Industry, Coex Vietnam and HCMC Association of … [Read more...] about Supporting industry exhibitions in HCMC attract 300 firms
Retail price of oil products rise up to five percent
The new price for gasoline is VND15,120 ($0.68) per liter for RON 95, up 4.6 percent; VND14,420 for RON 92, up 4.9 percent; while E5 RON 95 is up 4.3 percent to VND13,890. The price for 0.05 percent sulfur diesel was also adjusted up three percent to VND9,870 per liter. Kerosene remains unchanged at VND8,900 per liter. This is the first time this year Petrolimex have increased the price of their oil products. Source: Petrolimex On March 3, Petrolimex had kept the cost of all oil products unchanged by using the Oil Stabilization Fund. Vietnam’s Oil Stabilization Fund is based on a fixed amount which is already included in retail prices. Every oil firm is required to set up its own fund, however its use is determined by a panel made up of representatives from the Ministry of Industry and Trade and the Ministry of Finance, not oil companies. In event global oil prices soar, the stabilization funds can be used to curb domestic price hikes. The price of … [Read more...] about Retail price of oil products rise up to five percent
