Large industrial zones set up to attract FDI

VIETNAM, May 21 –

The positive growth outlook for the Vietnamese economy after the pandemic has attracted investors and created conditions for the industrial real estate market to be robust in the first months of this year. — Photo VNA/VNS

HÀ NỘI — Several large-scale industrial zones have been set up since the beginning of this year to seize the opportunity to attract foreign and domestic manufacturers into the wave of post-pandemic production and business resumption.

VSIP Group, at the end of March, launched the construction of VSIP 3 industrial zone, which covers more than 1,000 hectares in Hội Nghĩa commune, Tân Uyên town and Tân Lập commune, Bắc Tân Uyên district, Bình Dương province

To date, the industrial zone has attracted more than 30 companies, both domestic and foreign, to study the production opportunity, with a total planned investment of about 1.8 billion dollars.

Recently, Đại An Urban – Industrial Zone Development Corporation joint-stock company and Indian partners signed a cooperation agreement for the development of a 960-hectare pharmaceutical park project worth about $10-12 billion. in the province of Hải Dương.

The park was expected to be the place where world famous pharmaceutical companies gathered for research and production.

Saigon Telecom Technology Joint Stock Company (Saigontel) and VinaCapital have signed a Memorandum of Understanding with Singapore-based Aurous on cooperation to invest in a 700 ha urban-industrial complex in Bắc Giang with an estimated investment of around 2, $5 billion.

According to SSI Research, demand for industrial land rentals will be strong this year, fueled by a shift in production to Việt Nam as well as the completion of infrastructure projects such as Biên Hòa – Vũng Tàu, Dầu Giây – Phan Thiết , North-South highways, Thị Vải – Cái Mép ports and Gemalink.

SSI Research predicts that industrial land rents in Việt Nam will increase by 8-9% in the Southern region and 6-8% in the North this year due to a scarcity of supply in the face of growing demand.

Sử Ngọc Khương, Senior Director of Savills Việt Nam, said the positive growth outlook for the Vietnamese economy after the pandemic has attracted investors and created the conditions for the industrial real estate market to be robust in the early month of this year.

To attract multinationals, Việt Nam needed to develop not only large-scale industrial parks, but also transport and logistics infrastructure systems and speed up administrative reforms to improve the investment climate, Khương said.

Vietnamese localities and companies need to prepare high-quality human resources, especially for high-tech industries, to meet the demand of multinational corporations, an important factor in attracting them, as the government prioritizes investment in high-tech industries, not labor. intensive.

According to David Jackson, CEO of Colliers Việt Nam, Việt Nam needed to renew the industrial park development model to build eco-industrial parks.

This model would play an important role in the sustainable development strategy, reducing the exploitation of resources and limiting the impact on the environment but not affecting business performance, adding that this model would also contribute to countries and the global effort to combat climate change.

Specific measures to be taken include improving the technology transfer capability of enterprises, applying advanced technologies and minimizing emissions, he added.

He said industrial zones should strengthen ties to develop production and logistics chains to improve competitiveness, reduce production costs and increase sustainability. —VNS

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