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Update news industrial zones
The Ministry of Planning and Investment has proposed six groups of policies for accelerating the development of industrial zones and economic clusters.
Developing industrial zones is essential to achieving the goals set forth in the foreign direct investment (FDI) attraction strategy for the period of 2021-2030, said Tran Quoc Phuong, Deputy Minister of Planning and Investment.
New projects in industrial zones cannot get land-use rights certificates. So, they cannot mortgage the land for bank loans, ask for permission to build factories on the land or join the city’s demand stimulus program.
Many businesspeople are pouring money into industrial real estate projects amid Vietnam’s macroeconomic stability and its position as a favorite destination for foreign investors.
Due to the characteristics of their jobs, lack of opportunities to interact with men, and a material life not guaranteed, many female workers are "afraid" to have a boyfriend or get married, which could lead to population problems later.
Industrial parks (IPs) and economic zones (EZs) across the country have attracted nearly 11,000 foreign direct investment projects worth US$230 billion, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.
The shift of global investment to Vietnam is creating a bright spot for the industrial park real estate market.
The high concentration of industrial zones in big cities has attracted a huge number of workers from rural areas. However, improving their living conditions has become a huge problem that local authorities must deal with.
Funding into industrial zones is expected to be fruitful for the majority of the year, when the demand for land lease recovers and a range of contracts are completed.
Specialised industrial zones are getting the go-ahead in Vietnam, ushering in new activities from investors looking to get involved in increasingly modern ecological models and high-tech projects.
The HCM City Department of Industry and Trade has begun a programme called ‘Mobile price-stabilisation sales points’ at export processing zones and industrial parks to ensure workers there can buy safe foods at fair prices.
Investors are calling for significant improvements to the operations of management boards of Vietnamese industrial zones to accelerate administrative procedures and better meet the tremendous appetite for investment.
The People's Committee of Da Nang City has asked for the Prime Minister’s approval for the construction of three new industrial parks at a cost of more than VND15,000 billion (over $652 million).
Bac Giang provincial authorities aim to have 120,000 workers return to work in Industrial Zones by October 2021.
Six plants with nearly 3,000 workers in industrial parks in Binh Tan, Binh Chanh and Cu Chi districts in HCM City have been locked down after several workers tested positive for coronavirus,
Due to its successful containment of Covid-19, Vietnam is having a great opportunity to attract foreign investment, with many localities across Vietnam building new industrial zones.
Workers, especially in industrial zones, are encountering dual challenges amid the COVID-19 pandemic: keeping their job in uncertain times while continuing to demand that their rights and entitlements remain protected,
The demand for industrial property at coastal regions is high, but the supply of industrial land ready to hand over in industrial zones in both regions was scarce.
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 US$20 million.
Instead of projects with a small scale, realtors are now developing large projects in areas away from the city center.