FDI EXCURSION TOUR: DEEP C INDUSTRIAL ZONES & DAMEN SONG CAM SHIPYARD

Last week, the EuroCham Vietnam’s FDI Excursion tour brought a delegation of more than 20 members to DEEP C Industrial Zones Vietnam to explore where we are after 20-year journey in Vietnam and how we’re reaching new horizons to sustainable growth. As an EU originated group, DEEP C is excited to get more European peers on board with us.

Many said site visit was the most informative and fun part of the whole tour. Visitors were taken to see with their own eyes the completed infrastructure in DEEP C I, dynamic factory construction going on in DEEP C II and the developing DEEP C III dedicated for logistics complex and automotive industry. We hope that all guests enjoyed their time with us and left the tour with all their questions answered.

To begin your DEEP C site tour, do not hesitate to reach them at: www.deepc.vn or info@deepc.vn

 

Source: DeepC

DIRECT FLIGHT WELCOMING PROMOTION FROM TURKISH AIRLINE

Dear valued members,

Starting from 11 September 2019, Turkish Airline will be unveiling two new direct flight routes Ho Chi Minh – Istanbul and Hanoi – Istanbul. To welcome this occasion, Turkish Airlines would like to offer you the promotion from Ho Chi Minh City & Hanoi to various European and Asian cities from lowest 16.811.000 VND*

Sales period: until 22 August 2019

Travel period: until 31 March 2020

Applied destinations can be found in the link below:

For booking requests, please contact the nearest agencies or directly to us at email address sgnsales@thy.com (Ho Chi Minh) and hansales@thy.com (Hanoi.)

AVAILABLE CANDIDATES

Dear valued-members,

We are pleased to announce that we have received information from two outstanding individuals who are looking for work opportunities in Vietnam.

If you are looking to recruit talents for your companies, please do not hesitate to contact these two wonderful individuals.

 

 

BAU BANG – POTENTIAL INDUSTRIAL DEVELOPMENT LAND

Dear valued members and friends,

We are excited to share with you Colliers exclusively project: 13.1 ha. land for sale in Bau Bang industrial park, Binh Duong.

If you are interested in the site as an investment or operation, please feel free to give us a shout. Here is some brief information for your consideration,

  • 130,894 sqm of vacant industrial land developed by Becamex IDC (completed surrounding infrastructure; the land is clean, cleared & ready for development)
  • Location – The land is within Bau Bang Industrial Park, Lai Uyen, Bau Bang District, Binh Duong (50km from HCMC) follow the link: goo.gl/jrCaE8
  • Local entity set up and held 100% by offshore by an international private owner with company clean and ready for acquisition
  • Majority Pre-payment for the entire lease term has been paid. An additional rental of US$0.288/sq. m/year (approx. $37,697) will be paid annually for the term which has a good 38 years left until 30/06/2057.
  • Price being requested is a very reasonable $8.5M USD (approx. $65/sqm) Just FYI I am told by Becamex that their most recent transaction was for $80/sqm (which would make this land valued at $10.47M USD) Becamex have no land left for sale in this park and are developing the second phase of their RBF. The only land available is through private sellers – We have negotiated with this landlord to lower the price for a quick sale due to their change of business strategy and they now have board approval to sell. They were previously looking to manufacture furniture there and have the licensing in place but never got started as they focused on their factories elsewhere in the world.
  • There is approx. $1.5M of company debt through depreciation (over last 10 years) which can be tax deductible for any new buyer as well as any further development costs associated with constructing your own space.
  • Site image – attached
  • 2 to 3 floors constructible over 60% land coverage.

To have more information, kindly view more as below :

Bau Bang IM

Land dimension

Location

HTL – Land title deed

or contact us through email : info@beluxcham.com

DOMESTIC INDUSTRY NEEDS TECHNOLOGY TRANSFER

 

HÀ NỘI — Vietnamese enterprises need more opportunities to get technology transfers from foreign investment activities and join ventures with foreign partners for sustainable development of the domestic industry.

Technology is important in improving global competitiveness for local manufacturers in Việt Nam, said BT Tee, general director of Informa Market Việt Nam.

The domestic industrial sector, which contributes 50 per cent of national GDP, has a strategic position in the sustainable development of the domestic economy and attraction of foreign investment.

Local enterprises must actively improve production scale and technology and connect with professional partners to develop the industry and participate in the global supply chain, said BT Tee.

To do this, some experts said local enterprises must overcome challenges in using data management systems. Việt Nam’s industrial sector and domestic enterprises face many difficulties in digitising and connecting data of enterprises as well as applying technology and smart machines in production lines.

With the development of Industry 4.0 and globalisation, local businesses need to actively take advantage of opportunities to increase competitiveness, according to the experts.

The global free trade market requires domestic enterprises to invest in research and production of smart machines that are capable of competing in many markets but not just meeting demand in the domestic market.

According to the Japan Trade Promotion Organisation (JETRO)’s branch in HCM City, foreign direct investment (FDI) from Japan to Việt Nam has increased significantly year by year, showing that the Japanese business community have always appreciated the Việt Nam market and strived to seek opportunities for cooperation with Vietnamese enterprises, reported the Vietnam News Agency.

For the industrial sector, Japanese enterprises have advantages in equipment and machinery with modern production technology to increase productivity and reduce costs.

With entry into free trade agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) or the Vietnam-EU Free Trade Agreement (EVFTA), Việt Nam is a potential market for foreign businesses in almost all fields.

According to Marko Walde, Chief Representative of the Association of German Chambers of Commerce and Industry (AHK) in Việt Nam, the association wishes to connect businesses of the two countries, helping Vietnamese enterprises approach to new technologies and solutions in the manufacturing industry.

It will also help Việt Nam improve its competitiveness and sustainable development as well as support businesses in meeting the regulations of Việt Nam’s Government and the needs of modernising machinery and production lines for development of the domestic support industry.

Walde said for the manufacturing industry, effective exploitation of investment promotion channels and attraction of foreign capital is a challenge for both management agencies, as well as the business community.

According to the Ministry of Industry and Trade, the important issue for the domestic industry sector at present is to improve the low technical and technological level of enterprises. Statistics show that 59.6 per cent of local enterprises use outdated technology and only 2 per cent use high technology for production.

According to Việt Nam’s industrial development strategy up to 2025, Việt Nam’s industry will be more competitive and use modern technology, participate in global value chains in a number of specialties and fields as well as meet the basic requirements of the economy and export activities.

In addition, the Vietnamese mechanical industry is also oriented to develop with advanced technology, international quality products and deeper participation in the global value chain.

VNS