Vietnamplus

The northern province of Thai Nguyen is planning to establish 16 new industrial zones and industrial clusters from now until 2030.

Saigon Telecom Technology Joint Stock Company (SAIGONTEL) on November 2 began construction of three industrial clusters in the northern province of Thai Nguyen.

The People’s Council of the northern province of Bac Giang has asked the provincial People’s Committee to study and build a set of criteria to select investment projects, based on the outcomes of the council’s inspection of law enforcement in attracting investment into local industrial parks (IPs) and industrial clusters during 2018-2022.

Industry cluster models promote geographical concentration, but businesses in Vietnam still lack economic links and value chain production networks to take business to the next level.

After social distancing orders were eased in many provinces and cities, businesses have been working to resume operations, ensure orders are fulfilled and production chains restored.

The Mekong Delta province of Dong Thap has attracted 123 investment projects worth over 24 trillion VND (over 1 billion USD) to three industrial parks (IPs) and 16 industrial clusters, according to the provincial Department of Industry and Trade.

The southern province of Long An is set to get four industrial clusters this year, Vinh Khang, Tan My, Tu Phuong and Hiep Hoa, according to the provincial Department of Industry and Trade.

The capital city of Hanoi is planning to start construction of 43 industrial clusters in 2021, which were set up during the 2018-2020 period.

In an effort to take the lead in the post-pandemic economic recovery and development, Hanoi has stepped up investment in the development of industrial clusters.

The Ministry of Planning and Investment has instructed localities to review and report on the development of industrial zones with investment projects in the electronics industry with a scale starting from 20 million USD.

Binh Duong province is pushing ahead with the development of supporting industries to increase the use of local content in manufacturing to reduce costs.

The Hanoi People’s Committee has approved the establishment of Dong La Industrial Cluster (IC) and the second phase of Duong Lieu IC on the outskirts district of Hoai Duc.

The People’s Committee of the northern province of Bac Ninh has given green light to the establishment of Tan Chi 2 and Cach Bi supporting industrial clusters with more than 1.6 trillion VND (68.75 million USD) in total investment.

The south-central province of Binh Thuan has strived to improve its infrastructure and offers numerous incentives to investors, said Chairman of the provincial People’s Committee Nguyen Ngoc Hai.

A favourable geographic location, abundant resources and a dynamic and investor-friendly administration make Vinh Long province an optimal destination for foreign direct investment (FDI).

The capital city of Hanoi aims to build 30 more new industrial clusters by the end of 2019.

The capital city of Hanoi has set a target of having 30 new industrial clusters (ICs) by the end of this year, said Le Hong Thang, Director of the municipal Department of Industry and Trade.

The property market in the southern province of Binh Phuoc is expected to heat up because of industrial zone planning from now to 2030, according to experts.

Vietnam needs to develop domestic support industries and industrial clusters to create collaborate opportunities among domestic and foreign businesses, allowing easier experience and technologies exchanges, according to a report.

The Mekong Delta province of Kien Giang has so far attracted 49 foreign direct investment (FDI) projects with a combined registered capital of over 2.75 billion USD.