Government asks PVN to hand over industrial park to Tien GiangBy Trung Chanh Soai Rap Petroleum Industrial Park in Tien Giang Province - PHOTO: BAOAPBAC.VN CAN THO – The Government Office has ordered the Vietnam Oil and Gas Group (PVN) to transfer Soai Rap Petroleum Industrial Park in the Mekong Delta province of Tien Giang to the provincial authority. According to Document 8655/VPCP-CN, signed by Minister and Chairman of the Government Office Mai Tien Dung on September 11, the prime minister has approved the Tien Giang government’s proposal to take over the project. The provincial authority will carry out the revocation of the industrial park in compliance with the Land Law, the Investment Law and other prevailing regulations, as well as in compliance with the Government’s instructions. In October 2014, the Government had agreed in principle to hand over the project to the Tien Giang government in line with a master plan for developing the industrial parks … [Read more...] about Government asks PVN to hand over industrial park to Tien Giang
Industrial parks
Industrial park real estate sees bright future ahead
Industrial real estate has witnessed strong development in the past time. (Photo: VNA) Hanoi (VNA) – From the mere 335ha of land used for industrial parks in 1986, the total area has since expanded to some 80,000ha, reflecting the strong development of industrial real estate in Vietnam. The strong investment inflow in production is also a factor contributing to the development of industrial real estate. Greg Ohan, Vice Director of BW Industrial said that the Vietnamese economy, and the real estate market in particular, is becoming an alluring option for investors thanks to good economic growth and stable macroeconomics. In that context, the industrial and logistics real estate market has drawn much attention from a range of investors, especially foreign-invested firms. Experts attributed the industrial park boom in Vietnam to the formation of the export-oriented economy and specific planning of the parks. Vietnam has also joined various free trade agreements of late and … [Read more...] about Industrial park real estate sees bright future ahead
Vinh Phuc generates jobs for 82,000 industrial park workers
Nhập mô tả cho ảnh Vinh Phuc (VNA) – Industrial parks (IPs) in the northern province of Vinh Phuc have generated jobs for some 82,000 workers in recent years, most of whom are local residents. According to the provincial management board of industrial parks, Vinh Phuc has 18 IPs already approved by the Prime Minister – 11 of which are already established and have pulled in 51 domestic and 217 foreign-invested projects. There are 215 ongoing projects, 19 others at the factory-building and equipment-installing stage, and 29 expected to begin soon. At present, Khai Quang IP hires around 40,000 workers; while Ba Thien 1 and Ba Thien 2 IPs are home to nearly 20,000 workers; and Binh Xuyen 1 IP employs 10,000 people. It is forecast that Vinh Phuc needs nearly 61,350 workers for the 2018-2020 period, including around 22,715 in construction and 19,700 in services. In order to meet recruiters’ demand, Vinh Phuc is putting together a … [Read more...] about Vinh Phuc generates jobs for 82,000 industrial park workers
ViMariel, the first Vietnamese industrial park in Cuba
Vietnam – Cuba have always sought to boost economic cooperation, brought it closer to the long-standing diplomatic relations between two countries. As the first Vietnamese company to enter the Cuban market, Viglacera Corporation has invested into its first industrial park in the country. TC Mariel is poised to become a major transshipment hub in America ZEDMariel: Potential to attract investment in Cuba Mariel Special Development Zone (ZED Mariel) is the first special development zone in Cuba, which is only 45 kilometres from the capital Havana. This zone has been invested by the Cuban government to become the largest industrial area in the country. The Cuban government encourages investment in the sectors of food industry, consumer goods, construction materials, packaging industry, and agriculture to provide to the domestic market and promote socioeconomic development. In the future, ZED Mariel is expected to export products and services in the region and become the … [Read more...] about ViMariel, the first Vietnamese industrial park in Cuba
Bac Ninh industrial parks play significant role in local economy
Yen Phong Industrial Zone (Source: Internet) Bac Ninh (VNA) – Industrial parks of the northern province of Bac Ninh have made up 70 percent of industrial production value, over 90 percent of exports and 51.7 percent of budget collection of the locality. The figures were given at a conference on August 24 to review 20 years of forming and developing local industrial parks. According to Chairman of the provincial People’s Committee Nguyen Tu Quynh, the introduction of the Management Board of Bac Ninh Industrial Parks 20 years ago is a breakthrough step showing the vision and mindset of provincial leaders in mobilising resources, investment to boost industry’s growth. After two decades, the industrial parks have become an important part of the local economy, promoting the economic structure transform, while improving the province’s capacity in production and technology transfer, enhancing production efficiency and engaging deeper into the global production … [Read more...] about Bac Ninh industrial parks play significant role in local economy