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News Release

Vietnam

JLL |  Market Watch Week August 21, 2017

By JLL


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1. Vietnam’s industrial park occupancy rate reaches almost 73%
As of July this year, Vietnam had 328 industrial parks covering a total land area of 96,300 hectares, of which 223 have been put into operation while the remaining parks are undergoing the site clearance phase.
The occupancy rate of all industrial parks, including both those in operation and those under construction, now stands at 51%.​

2.  Seven-month FDI nears 794 million USD in Dong Nai
Foreign direct investment (FDI) inflow to the southern province of Dong Nai in the first seven months reached nearly 974 million USD, representing 79.4 percent of the yearly plan, according the provincial Industrial Zone Authorities. FDI projects mostly went to Bau Xeo Industrial Zone (IZ) with two projects worth of 115 million USD, said the authorities, adding at Nhon Trach IZ attracted 12 projects valued at 42.7 million USD, among others. 


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3. Vietnam export revenue forecast to hit US$200 billion
According to data of the General Department of Vietnam Customs, January-July export revenue totaled over US$115 billion, increasing nearly 19% over the year-ago period. There were 20 commodities with export revenue exceeding US$1 billion, and in particular, eight of them obtained export revenue of more than US$3 billion.
Industry associations have forecast a surge in exports of key items including farm produce, seafood and forestry products in the remaining months of the year as enterprises are shifting to exporting goods of higher value.
4.  HCM City seeks longer visa exemption
HCM City’s Department of Tourism has proposed the Government extend its visa exemption policy for international tourists from nine countries to 30 days from 15 days to promote tourism development to help reach the city’s target of 10-11 million international tourists in 2020. Last year, about 5.2 million international tourists came to the city, an increase of 10 per cent compared to 2015.

5. Steelmaker to invest in $97m factory​​
As per the plan, the plant will require an investment capital of VNĐ2.2 trillion (US$97 million) and have the capacity to produce 800,000 tonnes per year.​​
The factory will produce galvanised steel sheets, galvanised aluminium sheets, zinc-coated aluminium-coated sheets, zinc-coated sheets, steel pipes, steel boxes, sections and products from steel coil, cold-rolled steel, galvanised steel, black steel tape and galvanised steel tape.​
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6. Japan Home Center opens in Vietnam
The first Japan Home Centre (JHC) outlet in Vietnam opened on August 12 in Hanoi’s Cau Giay district, marking the debut of the retailer in the country.
A representative from JHC said that Vietnam’s home appliances market is huge and growing rapidly, and that its population is quite young and getting married, which present sound opportunities to develop the home appliances market.​
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7. Thua Thien Hue Economic and Industrial Zones: Great advantage – Open Opportunity​
In recent years, economic and industrial zones in Thua Thien Hue province have attracted increasing interest from investors and housed many effective projects. Mr Nguyen Van Son, Deputy Director of Thua Thien Hue Economic and Industrial Zones Authority, has given an exclusive interview to Vietnam Business Forum Magazine on this issue.​
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