Small foreign firms opt to lease space

The number of new foreign-invested enterprises leasing land for factory construction in Ho Chi Minh City fell considerably in the first half of the year, while those choosing to lease reedy-built plants rose sharply, according to a new report.
The number of new foreign-invested enterprises leasing land for factoryconstruction in Ho Chi Minh City fell considerably in the first half ofthe year, while those choosing to lease reedy-built plants rose sharply,according to a new report.

The city’s Export Processing andIndustrial Zones Authority (HEPZA) said that a majority of newforeign-invested projects leasing factories from industrial parkinfrastructure developers are small- and medium-sized enterprises (SMEs)in support industries.

In the first half of the year, theacreage of total land leased to the FDI sector at IPs and exportprocessing zones in HCM City was only 3.9ha (39,000sq.m), a sharp dropof more than 55 percent year-on-year.
However, the totalarea of ready-built factory space for lease was nearly 18,200sq.m, anincrease of more than 161 percent.

Many of these enterprisesare still in the process of exploring investment prospects and lookingfor outlets for their products. Thus, many of them want to only leasespace for trial production for two to three years.

If their business fares well, they will then expand or build their own plants at a later date.

Most of these SMEs are from Japan, the Republic of Korea and Taiwan.

The number of FDI companies using ready build factories in IPs isincreasing and many of them have leased factories that were formerlyused by local companies that had to close because of the recession.
HEPZA said it would focus on working with companies to develop qualityfactories to lure more foreign SMEs in the support industries.

The authority said it would cooperate with Japanese infrastructuredevelopers to build quality plants tailored to the needs of Japaneseinvestors at the Hiep Phuoc Industrial Park.

In contrast, thearea of land leased to local companies has totalled 11.44ha this year,an increase of 10.81 percent year-on-year, while the total area ofplants leased by local firms has risen to 2,640sq.m, tumbling nearly 72percent, according to HEPZA.-VNA

See more

Illustrative image (Photo: VNA)

Vietnam partners with Israel for hi-tech agricultural innovation

Vitad and Ginosar will establish a dedicated laboratory in Vietnam by the end of this year. Ginosar will leverage its infrastructure, genetic resources, and core technology to transfer lab capabilities to Vitad. This move will enable the company to develop superior crop varieties for large-scale cultivation, building extensive raw material zones to expand exports and create substantial economic value for Vietnamese farmers and businesses.

A corner of Hanoi capital city (Photo: VNA)

Hanoi to slash business conditions by at least 30%

In a document issued on March 11, the Hanoi People’s Committee stressed the need to mobilise all economic sectors, businesses and citizens to engage in socio-economic development, contributing to national growth. All institutional frameworks, mechanisms, and policies must be aligned with the objective.

Representatives from the Agriculture and Environment Newspaper and the German Agricultural Society (DLG) at the event (Photo: VNA)

Opportunities for German agribusinesses in Vietnam

The Agriculture and Environment Newspaper and the German Agricultural Society (DLG) will focus on key agricultural industries, facilitating knowledge and technology transfer between delegations from the two countries. Opportunities will also be explored to recognise individuals and organisations with significant contributions to agricultural development in both Vietnam and Germany.

At the opening ceremony of HortEx Vietnam 2025 (Photo: VNA)

HCM City HortEx showcases agricultural technologies, smart farming

HortEx Vietnam 2025 also serves as a gathering place for businesses, cooperatives, and agricultural producers from more than 16 provinces and cities across Vietnam, providing an excellent opportunity for local enterprises to exchange knowledge, learn from international experience, access new technologies, and expand their markets.

Hyundai Accent remains the best-selling model, with 455 units delivered to customers in February. (Photo: VNA)

Hyundai auto sales remain stable in February

In February, Hyundai Accent remained the best-selling model, with 455 units delivered to customers. It was followed by Hyundai Tucson with 403 units, Hyundai Stargazer with 304 cars, and Hyundai Creta with 303 vehicles.

Prime Minister Pham Minh Chinh speaks at the second meeting of the National Steering Committee for Financial Inclusion in Hanoi on March 12. (Photo: VNA)

PM requests stronger efforts to ensure comprehensive, equitable financial access

PM Pham Minh Chinh, who is also head of the steering committee, highlighted the significance of the strategy for the country's socio-economic development, saying that it enables individuals and businesses to access essential financial resources and services for development, improving living standards of the people, and promoting savings and investment.

Manufacturing toys for export at Bilion Max Vietnam Export Processing Co. Ltd. in Hue city. (Photo: VNA)

Vietnam’s economy poised to grow 6.8% this year: WB

“Vietnam is projected to maintain robust economic growth over the next two years, but it can use its fiscal space to better prepare for heightened uncertainties”, said Mariam J. Sherman, World Bank Director for Vietnam, Cambodia and Laos at a press conference.