A factory in the Chu Lai-Truong Hai Industrial Complex – a support industry zone that is expected to increase the localisation rate of the Vietnamese auto industry.-VNA/VNS Photo Danh Lam However, in order to realise this goal, in addition to their own efforts, businesses also need the support of the State. In the draft plan for sustainable development of Vietnamese private enterprises, the Ministry of Planning and Investment (MPI) aims to raise the rate of enterprises participating in regional and global production networks and value chains, equal to the leading countries in ASEAN 4 by 2030. In fact, it is not easy to achieve this target. Statistics from the MPI show that Vietnam has only 21 per cent of small- and medium-sized enterprises (SMEs) participating in global value chains, while this figure in Thailand is over 30 per cent and Malaysia is 46 per cent. Therefore, in order to improve rankings in ASEAN, it is certain that Vietnamese enterprises must “go … [Read more...] about Vietnam support industries striving to improve
Vietnam key industries
Japanese firms consider Vietnam key investment destination
JETRO Chief Representative in Vietnam Takimoto Koji (Source: sggp.org.vn) Hanoi (VNA) – About 70 percent of Japanese investors in Vietnam want to continue investing or expand their investments, meaning Vietnam is an important destination for them, according to a representative of the Japan External Trade Organisation (JETRO). JETRO Chief Representative in Ho Chi Minh City Takimoto Koji shared the figure in an interview with Cong Thuong (Industry and Trade) newspaper. In 2017, Japan was the biggest foreign direct investor of Vietnam, posting a record figure of 9.11 billion USD. In the first 11 months of 2018, the country kept its top spot with nearly 8 billion USD, more than a quarter of the total foreign capital poured into Vietnam during the period. According to Takimoto, 65.1 percent of the Japanese businesses in Vietnam are profitable. He said Japanese goods have an increasing presence in the Vietnamese market, with Japanese firms’ foreign expansion receiving … [Read more...] about Japanese firms consider Vietnam key investment destination
Vietnam’s largest industrial properties supplier debuts
With over 2 million sq.m of industrial land and 200 million USD in initial capital, BW is considered the largest supplier of industrial properties and logistics services in Vietnam, thus meeting demand of multinational corporations and e-commerce companies. BW will support Vietnam’s sustainable development and serve as a strategic investor in the global supply chain. With a mission to offer added value services to other economies, it ensures the supply of the best solutions in real estate, mechanical engineering, electronics, automobile manufacturing, garment, leather and footwear. Photo for illustration The company has bought land for eight projects in five localities lying in key economic zones in the north and south, including Binh Duong, Dong Nai, Hai Phong, Hai Duong and Bac Ninh. Warburg Pincus Executive Director in Southeast Asia Jeffrey Perlman said with a 100 million population and diverse sectors, manufacturing industry and domestic consumption have … [Read more...] about Vietnam’s largest industrial properties supplier debuts
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
Vietnam Cement Industry Corporation asked to improve operations
Minister and Head of the Government Office Mai Tien Dung identified key tasks for the Vietnam Cement Industry Corporation (VICEM) to boost the quality and effectiveness of its operations at a working session with the corporation on April 3. Minister and Head of the Government Office Mai Tien Dung speaking at the working session - Photo: VGP He asked for measures to increase VICEM’s market share in Vietnam’s cement industry, improve corporate governance, streamline organisational structure, and increase the quality and competitiveness of their products. The corporation was also requested to increase the value of the application of technology in its production chain, save input materials, and take environmental issues into consideration when devising growth strategies. Minister Dung emphasised that the VICEM must attach special importance to restructuring and equitisation, which are two of the key tasks assigned by the Government and the Prime Minister for the … [Read more...] about Vietnam Cement Industry Corporation asked to improve operations