Investment

A breaking ground ceremony for the Gilimex Industrial Park (IP) in central Thua Thien-Hue province was held on November 11. The project sits on over 460 ha, has total investment of more than VND2.6 trillion ($104.5 million), and will be built with green, clean, and advanced environmentally-friendly technology in line with international standards. Thua Thien-Hue currently has six IPs, on 2,400 ha.

Deputy Prime Minister Le Van Thanh has approved investment in developing infrastructure at the Hai Long Industrial Park in northern Thai Binh province. The project is on nearly 297 ha in Tien Hai district, with total investment of more than VND2 trillion ($80.5 million).

Airports Corporation of Vietnam (ACV) has said it will issue bidding documents for the construction of Terminal T3 at Tan Son Nhat International Airport in Ho Chi Minh City in December and make a decision within two months. The terminal has an area of more than 16 hectares and total investment of nearly VND11 trillion ($443 million) from ACV’s capital.

On November 9, the Tan Cang Hai Phong International Container Terminal (TC-HICT) held a Cargo Receipt Ceremony from Maersk Copenhagen marking the 1,000,000th TEU of goods passing through the port after five years of operations. TC-HICT is investing in opening inland waterway routes to send goods from seaports through the river network to inland ports, in a bid to become a global hub for the transshipment, separation, and packaging of goods.

With a target of importing and exporting 16 million TEU containers each year by 2030, the Vietnam Maritime Administration (VINAMARINE) anticipates required investment in the country’s inland port network of up to VND34 trillion ($1.37 billion). It also said it will give priority to investing in a number of inland ports along transport corridors connected with major seaports in the northern and southern regions.

Central Da Nang city has approved a list of sites for the auction of land use rights in the city in the second phase in 2022, including 14 projects. A project with a public park and parking lot combined with commercial services on 3,114 sq m in the city center is calling for investors to take part and propose ideas and implement the project.