Flamingo land rentals

Tan Thuan Export Processing Zone. (Photo: SGGP) Tan Thuan Export Processing Zone, with an area of 204 hectares, is leading in Ho Chi Minh City, with the leasable area and occupancy rate reaching 90 percent and land rental price hitting US$270 per square meter per term, up 15 percent compared to the beginning of the second quarter of 2021. Hiep Phuoc 1 and Hiep Phuoc 2 industrial parks follow with the average land rental price of $250 per square meter per term, up 10 percent compared to the beginning of the second quarter of 2021. The occupancy rate at Hiep Phuoc 1 Industrial Park has touched 100 percent. Seventeen out of 20 industrial parks in HCMC have an average land rental price above $120 per square meter per term. Three industrial parks in Cu Chi District, namely Northwest Cu Chi, Southeast, and HCMC Automotive- Mechanical, have average rental prices below $120 per square meter per term. However, they all have an occupancy rate of above 80 percent. By Duc Trung – … [Read more...] about Land rental prices in Southern industrial parks increase sharply

Rental prices of industrial land are at an all-time high The statistics from JLL Vietnam show that in the first quarter, the rental price in industrial zones (IZs) in the south reached a new record average of $120 per square metre, up 9 per cent on-year. In Ho Chi Minh City, the rental price at Tan Thuan Export Processing Zone is $270 per square metre and at both Hiep Phuoc 1 and Hiep Phuoc 2 IZs, it stands at $250 per sq.m. In the north, the price is $109 per sq.m, signifying an increase of 9.2 per cent on-year. The statistics published by the Foreign Investment Agency under the Ministry of Investment and Planning showed that in the first four months of this year, $5.3 billion was added to 323 foreign-invested projects currently underway, a rise of 92.5 per cent in value and 22.8 per cent more in number. The capital contribution in mergers and acquisitions (M&A) saw a positive change when overseas investors also poured $1.8 billion into over 1,000 deals, signifying an … [Read more...] about Rental prices of industrial land set new record

Speakers at last week’s conference noted that dozens upon dozens of multinationals are interested in the healthcare PPP model in Vietnam. Photo: Chi Cuong At last week’s conference on the issue, hosted by VIR , Deputy Minister of Planning and Investment Tran Duy Dong said that Vietnam’s healthcare sector is facing a number of big issues, including rising infectious and non-communicable disease figures, hospital overload, and an ageing population. The pandemic has also revealed some weaknesses in the sector. “To further improve healthcare service quality and meet demand, mobilising financial resources for new development of infrastructure and medical equipment is a key requirement,” he noted. For the past five years, the government has looked to strengthen the implementation of a model for public-private partnerships (PPPs) for the public sector, including in healthcare services. However, according to VIR’s editor-in-chief Le Trong Minh, the picture of such investment in … [Read more...] about More favourable rule system urged for healthcare PPPs

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

Public-private partnership (PPP) is a mechanism and common practice to mobilise and encourage investment in areas promoted by governments. The main characteristic of such projects is that both private investors and public authorities share the risks and responsibilities in construction and operation. The public sector typically contributes only a small portion to these projects, with the private sector still in charge of construction and operation. The risks of these projects typically involve the phases of selection, approval, design, construction, financing, operation, and management phases. Over the years, Vietnam issued several decrees before the new Law on Public-Private Partnership Investment was promulgated in 2020 and took effect from January 2021. The law and accompanying decree guiding the implementation of the law have overcome and limited barriers to investment in the form of PPP, creating favourable conditions for such investment. PPP investment in health is one of … [Read more...] about Navigating legal challenges in healthcare partnerships