HCM City - Vietnam has become one of the world’s few economic bright spots attracting foreign investors, especially those from Australia, due to cheap labour, a young population, high education standards, and government incentive policies, experts have said.
FDI inflows into Vietnam will soon bounce back once the COVID-19 pandemic is brought under control, Chief Representative of the Japan External Trade Organisation (JETRO) in Hanoi Takeo Nakajima said on September 9.
The southern province of Dong Nai is seeking the green light from the government to add new industrial zones (IZs) to Vietnam's IZ Development Planning in 2020 to tap into the post-pandemic investment shift.
As the realities of developing industrial zone in Vietnam, it takes about 05 years to have avialble industrial land fund for lease. Meanwhile, opportunities might mainly focus in 2021-2022, then last until 2025, after the control of the pandemic. So these opportunities perhaps belong to industrial zones of which land fund is available.
The People's Council of Ba Ria - Vung Tau province held the 17th meeting and approved the investment principle for Phuoc An Bridge Project to connect Phu My town to Nhon Trach city, Dong Nai province. This is a sectional part of the Cai Mep - Thi Vai inter-ports road project, crossing Thi Vai River to connect Phu My town, Ba Ria - Vung Tau province with Nhon Trach district, Dong Nai province; from there it can access to Ben Luc - Long Thanh express way.
The re-starting of the Bien Hoa - Vung Tau Expressway Project will contribute to reducing traffic pressure due to the overload of National Highway No. 51; facilitate the development of other satellite projects along the project route and create more advantages for industrial parks, including the Phu My 2 and Phu My 2 Expansion industrial parks invested by IDICO in Phu My town, Ba Ria - Vung Tau province.
With an important strategic location, along with smooth transportation system, Huu Thanh Industrial Park will be an attractive destination with many practical benefits for investors when invest into this place, specifically: Benefit from transportation projects - urban expansion from the Ho Chi Minh city; Easy access to abundant labor resources, low cost, convenient for recruiting workers; Easy access to the most dynamic consumer market in the country for investors operating in the field of consumer goods, textile, garment, and footwear; food processing; Furniture; electricity, electrical appliances, electronics - information technology; mechanical engineering…