Large industrial zones set up to attract FDI

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HANOI: Several large-scale industrial zones are being set up from the start of this yr to seize the chance of attracting each overseas and home producers within the wave of post-pandemic manufacturing and enterprise restoration.

VSIP Group, on the finish of March, began the development of the VSIP 3 Industrial Zone, which lined greater than 1,000 hectares in Hoi Nghia Commune, Tan Uyen Town and Tan Lap Commune, Bac Tan Uyen District, Bình Duong Province.

To date, the industrial zone attracted greater than 30 corporations, each home and overseas, to examine the manufacturing alternative, with an anticipated complete funding of round US$1.8bil (RM7.9bil).

Recently, the Dai An Urban – Industrial Zone Development Corp Joint Stock Co and Indian companions signed a cooperation settlement for creating a 960 ha pharmaceutical park venture price round US$10bil (RM44bil) to US$12bil (RM53bil) in Hai Duong Province.

The park was anticipated to be the place well-known pharmaceutical corporations on this planet gathered for analysis and manufacturing.

Saigon Telecom Technology Joint Stock Company (Saigontel) and VinaCapital signed a memorandum of understanding with Singapore – primarily based Aurous about cooperation in investing in a 700 ha city–trade complicated in Bac Giang with an estimated funding of round US$2.5bil (RM11bil).

According to SSI Research, the demand for hiring industrial land will probably be sturdy this yr, fuelled by a manufacturing shift to Vietnam along with the completion of infrastructure tasks equivalent to Bien Haa – Vung Tau, Dau Giay – Phan Thiet,, Tha Vai – Cai Mep and Gemalink ports.SSI Research forecast that industrial land rents in Vietnam would improve by 8% to 9% within the Southern area and 6% to 8% within the North this yr due to a shortage of provide.

Su Ngoc Khuong, senior director of Savills Vietnam, mentioned that the optimistic progress prospect of the Vietnamese financial system after the pandemic attracted buyers and created situations for the industrial actual property market to be strong within the first months of this yr. — Viet Nan News/ANN

To attract multinational firms, Vietnam wanted to develop not solely large-scale industrial parks but additionally the transportation and logistics infrastructure techniques and hasten administrative reforms to enhance the funding local weather, Khuong mentioned.

Localities and Vietnamese companies want to put together high-quality human assets, particularly for hi-tech industries, to meet the demand of multinational firms, an essential issue to attract them, as the federal government prioritises attracting funding in hi-tech industries, not labour-intensive.

According to David Jackson, chief government officer of Colliers Vietnam, Vietnam wanted to renew the industrial park growth mannequin to construct eco-industrial parks.

This mannequin would play an essential function within the sustainable growth technique, lowering useful resource exploitation and limiting the impression on the setting however not affecting the efficiency of companies, including that this mannequin would additionally contribute to the international locations and international effort to fight local weather change.

Specific steps to be taken had been to enhance the know-how switch capability of enterprises, apply superior applied sciences and minimise emissions, he added.

He mentioned that industrial zones ought to improve linkage to develop manufacturing and logistics chains to enhance competitiveness, decrease manufacturing prices and improve sustainability. — Viet Nam News/ANN



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