The country''s industrial real estate market has been undergoing a significant transformation, not only in terms of scale but also in quality and a focus on sustainability.
Hưng Yên is pushing the formation of a free economic zone (FEZ) with a strategic vision to make it one of the most dynamic, open and investor-friendly economic zones in Southeast Asia.
The country''s industrial growth was largely fuelled by the manufacturing and processing sector, which expanded by 10.3 per cent and contributed 8.5 percentage points to the overall IIP.
The project covers a total of 400 hectares, with 200 hectares designated for a high-tech industrial park built to Industry 4.0 standards and the remaining 200 hectares set aside for a smart green urban area.
According to a HHTIP report, the high-tech park and industrial zones in the city have attracted US$125 million in investment from the beginning of this year.
With anundanr clean land, clear laws and growing talent, the new HCM City area has become a top spot for industrial real estate, delegates said at a July 17 seminar.
Following its merger with Bình Dương and Bà Rịa-Vũng Tàu provinces, the new HCM City is targeting US$10.44 billion in foreign direct investment this year.
The two countries have more room to advance cooperation in green energy, infrastructure development, logistics and advanced manufacturing, said analysts and exporters.
Coca-Cola Beverages Vietnam officially inaugurated a US$136 million manufacturing plant at Phú An Thạnh Industrial Park in Bến Lức Commune, Tây Ninh Province on July 11.
Việt Nam has again been recognised as a highly cost-competitive location for industrial and logistics investment, ranking in the most affordable tier globally for rent, labour and energy.
Tetra Pak, a leading food processing and packaging solutions company, inaugurated its second aseptic carton packaging material production line at its facility in Bình Dương, located at VSIP II-A Industrial Park in Tây Uyên Ward, HCM City.
Minister of Industry and Trade Nguyễn Hồng Diên stressed that the ministerial-level cooperation mechanisms between the two countries, including the ministerial-level dialogue on trade and the one on energy and minerals, play an important role in promoting multifaceted collaboration.