The Hanoitimes - A large number of industrial and commercial lease deals related to the automobile sector have been made over the past three years. Foreign investment in Vietnam’s real estate rising: CBRE Tourism growth to propel Vietnam’s vacation property: CBRE Chinese top homebuyers in Ho Chi Minh City in Jan-Sept The growth of automobile sector in Vietnam over the past years has left positive impacts on the industrial real estate market, CBRE Vietnam said in the latest report. Illustrative photo A large number of industrial and commercial lease deals related to the automobile sector have been made over the past three years with anticipated demand for lease extensions in future periods. Accordingly, real estate developers will see investment chances in the increasing demand for production expansion amid the current limited supply. High occupancy and rising rental rates could also be reasons for them to invest. Supported by … [Read more...] about Growth in automobile sector drives up Vietnam industrial real estate market
Vietnam industrial
Bac Ninh hosts Vietnam industrial and manufacturing fair
The Vietnam Industrial and Manufacturing Fair (VIMF) 2018 opened at the Kinh Bac Cultural Center in the northern province of Bac Ninh on June 6. More than 200 booths are present at the three-day VIMF 2018 - Photo: bacninh.gov.vn More than 200 booths are exhibited at the three-day event, the first of its kind held in Bac Ninh province. Theo VNA … [Read more...] about Bac Ninh hosts Vietnam industrial and manufacturing fair
CPTPP benefits Vietnam’s industrial property
Vietnam’s industrial real estate sector stands ready to take off after the CPTPP takes effect. (Photo: cafef.vn) – Vietnam’s industrial real estate sector stands ready to take off after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) comes into effect, experts have said. France’s FM Logistic, a leading group in international supply of warehouse, transport, and packaging, has been successful in renting and purchasing land in the northern region with the advice from real estate services company Cushman & Wakefield. As part of the firm “Ambition 2022” plan to expand geographical coverage to support customer growth, FM Logistic launched a 5,000 square-metre tri-temperature logistics warehouse in Bac Ninh province while purchasing an additional 50,000 square metres in the northern region to build the first European-standard storage in Vietnam. According to Director of Operations in Asia for FM Logistic … [Read more...] about CPTPP benefits Vietnam’s industrial property
Samsung helps Vietnam train 200 industry experts
The program’s aim is to train 200 Vietnamese experts who are able to provide training to enterprises in the field of support industry. Thanks to experts’ training, enterprises’ competitive capabilities will be able to raise to catch up with their counterparts in supplying in global chains. Before, in the framework of Korean President’ visit to Vietnam in last March, the Ministry and Samsung Vietnam signed a memorandum of understanding about implementation of the training program. Accordingly, the program will run in two years including eight courses each lasting 12 weeks (four weeks for theory training and eight weeks for practicing in local enterprises) With the aim of training 200 experts for the sector in two years, the program will train 100 skillful experts as per a set procedure of Samsung. Minister of Industry and Trade Tran Tuan Anh hailed the significance of the program because it will help enhance capacity of Vietnamese firms, strengthening their … [Read more...] about Samsung helps Vietnam train 200 industry experts
Vingroup enters pharmaceutical industry with Vinfa
Conglomerate Vingroup has announced its entry into the pharmaceutical industry with its Vinfa brand. Along with pharmaceutical research, manufacturing, trading and export-import tasks, Vinfa will focus on the preservation, research and development of traditional Oriental medicines with origins in Vietnamese herbs. Following the success of the Vinmec Medical System and realising the expansion plan in the healthcare sector, Vingroup has established Vinfa Joint Stock Company in the pharmaceutical business, along with an investment to build Vinfa Drug Research and Production Centre in Gia Binh District, Bac Ninh Province. With a total investment of VND2.2 trillion (US$97.7 million), the project’s first phase will be built in an area of nearly 10ha following international standards, including research, production, logistics and support works, according to Phan Thu Huong, chairman of the Vinfa’s Board of Directors. With investment from Vingroup, the entire production process at … [Read more...] about Vingroup enters pharmaceutical industry with Vinfa