Property developer novaland group

Big investment in highways, electricity, and more will move Vietnam up the industrial and logistics ladder, Duc Thanh A report released last week by Cushman & Wakefield Vietnam stated that strong demand coupled with the expansion of manufacturers from China has pushed the price of industrial land in Vietnam higher, surpassing manufacturers’ expectations for low costs. “It is necessary to have support from the government for the provinces that still have a lot of room for development but are located far from key economic zones. This will help to decentralise factories from hot areas that are short of supply and eventually stabilise prices,” read the report. Another barrier relates to Vietnam’s population. Although Vietnam is entering a period with a so-called golden population structure, the distribution of labour is still not equal among regions, such as large areas with low labour density (midland and mountainous areas). The north only accounts for 13.8 per cent of the … [Read more...] about Obstacles yet to clear to pave way for robust industrial property development

Some of the many topics discussed a the forum include the conditions developers need to attract investors, bottlenecks that need to be removed to expand supply and issues related to logistics, and supply chain operations. Further in the focus will be products and services that industrial parks should offer to meet the needs of tenants and be consistent with the government's sustainable development orientation as well as how new policies should be designed to catch the new investment wave from the global shift. All of these issues are discussed by consultants, policymakers, investors, and industrial real estate developers at the Vietnam Industrial Property Forum 2022. Co-organised by Vietnam Investment Review and BW Industrial JSC under the auspice of the Ministry of Planning and Investment, the forum has the theme of Smoothing the Path for Capital Inflow and will take place from 8.30 to 12.00 am on May 24. The conference will be live-streamed via the FB fanpages, … [Read more...] about Smoothing the path for capital inflow at Industrial Property Forum 2022

“The NA will consider and decide many important issues with significant impacts on the national socioeconomic development,” stated NA Chairman Vuong Dinh Hue at the opening ceremony. The National Assembly will discuss and adopt many laws and issues during its third session The session will debate and adopt five draft laws and three draft resolutions, and look into six other laws. The draft laws to be passed include the Law on Mobile Police, the revised Law on Cinematography, the Law on Insurance Business (amended), the Law on Emulation and Reward (amended), and the law amending articles of the Law on Intellectual Property. The draft laws to be advanced for discussions include the Oil and Gas Law (amended), the Law on Domestic Prevention and Control (amended), the Law on Inspection (amended), the Law on the Implementation of Democracy at Grassroots Levels, the law amending and supplementing articles of the Law on Radio Frequencies, and the Law on Medical Examination … [Read more...] about National Assembly to debate issues crucial to socioeconomic development

Local farmers process raw rattan furniture and craft businesses nationwide. Some bankable projects have been developing in Quảng Nam Province in creating sustainable development and value chain for rattan. Photo courtesy of Lục Đông company Công Thành Since starting a rattan and bamboo processing business in 2008, Trần Trung Hiếu has built a sustainable value chain for providing environment-friendly materials for crafts production by growing 152ha of rattan forest in the disadvantaged Nam Giang and Tây Giang districts in the central Quảng Nam Province in 2019-20. Hiếu, who is deputy director of Lục Đông company which specialises in processing rattan for furniture and crafts enterprises nationwide, said he had been cooperating with local ethnic groups in the two districts in building a sustainable chain of rattan that improved income for local people and protected biodiversity from exploitation. In 2019, Hiếu, with the technical assistance of WWF-Việt Nam, developed a … [Read more...] about Bankable projects offer sustainable development for local people

Germany-invested Framas Group has rented a 20,000-square-metre ready-built factory in KTG Industrial Nhon Trach 2, in the southern province of Dong Nai. Framas Group specialises in manufacturing high-quality plastic parts with customers including Nike and Adidas. Fabian Urban, director of footwear technology at Framas Vietnam, said that the reason for choosing Vietnam to open a factory is that the facilities are superior to other locations. “The establishment of this new factory is part of the group’s wider strategy to develop the footwear sector in the Vietnamese market,” said Urban. Meanwhile, Danish jewellery brand Pandora on May 12 signed an MoU to build a new jewellery crafting facility in Vietnam-Singapore Industrial Park III (VSIP) in the southern province of Binh Duong, 40km north of Ho Chi Minh City. According to Jeerasage Puranasamriddhi, chief supply officer at Pandora Production Co., Ltd., the new factory will be the company’s third manufacturing site and its first … [Read more...] about Key localities stepping up industrial real estate moves

Lance Li, CEO of BW Industrial Development JSC What difficulties has BW Industrial Development encountered when attracting manufacturers to its campus? The leasing part is always difficult. Despite being a leading player in this market, a large proportion of our tenants, especially manufacturers, is small- and medium-sized enterprises (SMEs). The average space that they need is 3,000-5,000 square metres. If you look at our tenant profile, we have more than 200 tenants. Therefore, we actually need a very strong leasing team to work with, to serve the different requirements of these tenants – from choosing the right locations to other demands such as facilities, dealing with local authorities and skilled labour recruitment as well. Do you have any incentives for SMEs and what are the advantages for them? For each individual industrial zone, they may have some incentive policies. In the very early stage, we will introduce that policy to our tenants, depending on each … [Read more...] about BW Industrial setting the market standard

More than 300 participants took place in the Vietnam Industrial Property Forum 2022 Deputy minister of Planning and Investment Tran Duy Dong at the forum Deputy minister of Planning and Investment Tran Duy Dong Vietnam has been preparing the necessary conditions to receive a new wave of investment. The nation has put itself in a strong position to become an important global production base by continuing to perfect its institutions and policies and giving priority to projects that use modern and environmentally friendly technologies. Industrial parks and economic zones have improved their infrastructure to reach international standards. Pilot studies on a number of industry-specialised clusters have been implemented to formulate production and supply networks, allowing them to participate more in global value chains. Since 2015, the Ministry of Planning and Investment has coordinated with the United Nations Industrial Development Organization and a number of … [Read more...] about Smoothing The Path For Capital Inflows

Inside one of the country's biggest rice warehouses Ms. Tran Le Dung, First Secretary in charge of the Vietnam Trade Office in Malaysia, said that soil in Malaysia is not suitable for rice cultivation; thus, the country's agriculture focuses on oil palm and rubber trees while its rice self-sufficiency can only meet about 60 percent of domestic demand. Therefore, every year Malaysia has to import from 900,000 to 1 million tons of rice  to meet domestic demand and its reserve. The country often imports long white rice, which is very popularly grown in Vietnam. However, it is not easy for Vietnamese enterprises to export rice to this market. The Malaysian government has assigned Padiberasnasional Berhad Group (Bernas Berhad) to be the exclusive importer of the long white rice to meet the domestic demand. Accordingly, Vietnamese export companies that want to export rice there must sign a contract with Bernas Berhad. Currently, the Vietnam Southern Food Corporation is signing … [Read more...] about Vietnamese rice grain struggling to find position in rice export

World opening eyes to exciting Vietnamese offerings in F&B. Source: thaifex-anuga.com In order to contribute to the cooperation and trade exchange of businesses in Vietnam and Thailand, THAIFEX-Anuga Asia, the region’s largest food and beverage (F&B) trade fair, is taking place on May 24-28. This year’s fair at the IMPACT complex in Bangkok will include 1,200 exhibitors, 2,500 high-profile buyers, 11 food segments, and approximately 40,000 visitors across the industry. “Participating in the exhibition, we believe that the brands and quality of Vietnamese F&B products will be welcomed in this market. Moreover, Thailand could become a stronger link for Vietnamese goods to enter other markets in which major Thai retailers are reaching out,” said the representative of one Vietnamese business joining the exhibition. Thailand is one of the most familiar and promising markets for exporting F&B products. At last month’s meeting between the industry and trade … [Read more...] about World opening eyes to exciting Vietnamese offerings in F&B

A BIDV employee helping a customer to fill in paperwork. The bank shares plunged 3.33 per cent yesterday, leading the bearish trend. — Photo vietnamplus.vn The market ended lower on Monday, as strong selling force weighed on pillar stocks across all sectors, with VN-Index falling closer to the 1,200-point level. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) plunged by 21.9 points, or 1.77 per cent, to 1,218.18 points. The benchmark index grew nearly 5 per cent last week as risk appetite improved, its first weekly gain in seven weeks. The market's breadth was in the negative zone with 358 stocks out of more than 500 stocks declining, of which seven stocks hit floor prices, while 91 stocks picked up. Liquidity increased over the last trading session, but remained at a low level. Accordingly, 557.1 million shares were traded on HoSE, worth over VND13.32 trillion (US$575.1 million). The index continued its last trend due to rising selling pressure in the afternoon trade, … [Read more...] about Market slides on losses of large-cap stocks