Q2


2021

VIETNAM’S LEADING FOR-RENT

INDUSTRIAL DEVELOPER


BW BREAKING NEWS

BW’S FIRST OFFICE BUILDING FOR LEASE

A five-story high-spec office building with modern fittings and furnishing, an attractive rental rate and flexible floor plates from 200 square meters.

GROUNDBREAKING CEREMONY IN TAN DONG HIEP B

December 29, 2020

Located in the Song Than - Di An logistics hub and adjacent to the My Phuoc Tan Van Expressway - an arterial road that connects manufacturing clusters to key seaports/ICDs - the Tan Dong Hiep B IP can satisfy any requirement of well-positioned consolidation warehouse investors may have.

GROUNDBREAKING CEREMONY IN MY PHUOC 4

December 29, 2020

Situated at the intersection of strategic traffic routes - Binh Duong Boulevard and Ring Road 4 - the My Phuoc 4 IP is ready to address demand for uniquely positioned manufacturing spaces.

GROUNDBREAKING CEREMONY IN VSIP HAI DUONG

December 29, 2020

Next to the Hai Phong Port Cluster - a maritime gateway to northern Vietnam - and conveniently accessible to the Hanoi - Hai Phong Highway and Cat Bi International Airport, VSIP Hai Duong has emerged as an idea locale for hundreds of suppliers following a “queen bee” manufacturer footprint.

GROUNDBREAKING CEREMONY IN DEEP C

December 3, 2020

This project is strategically located in the DEEP C Industrial Zone in Hai Phong, which is an international gateway and major industrial hub of Vietnam surrounded by many of the largest queen bees while also having direct accessibility to the Hanoi - Hai Phong Highway and Cat Bi International Airport.





TENANT LICENSING UPDATE

We would like to congratulate our tenants who received new licenses over the past quarter:

NO. TENANT IP BUSINESS LINE COUNTRY ON BOARD DATE
1 LANTERN-OPERA COMPANY LIMITED BAU BANG Hygiene products VIETNAM Jan 07, 2021
2 WONDER ACE PRECISION TECHNOLOGY
VIETNAM COMPANY LIMITED
MY PHUOC 3 CNC machined components CHINA Jan 15, 2021
3 QINGFENG VIETNAM MANUFACTURING
COMPANY LIMITED
MY PHUOC 3 Metal accessories CHINA Jan 22, 2021
4 RAWLPLUG VIETNAM COMPANY LIMITED BAU BANG Power tools POLAND Jan 25, 2021
5 HANJIE PRECISION TECHNOLOGY
COMPANY LIMITED
BWSCC Mechanical equipment VIETNAM Jan 25, 2021
6 JIN JUE (H.K) INDUSTRIAL CO., LIMITED MY PHUOC 3 Precision metal accessories CHINA Jan 28, 2021




UPCOMING EVENTS

*South (Ho Chi Minh)


VCCI training workshop

DESCRIPTION RAPPORTEUR TIME
Principles for analyzing, classifying
and predetermining HS codes.
Mr. Nguyen Duc Vinh - Deputy Director General
of Dong Nai Province Customs Department
Saturday, April 10, 2021
+ 08:30 - 11:30 am
+ 01:30 - 04:30 pm

Organizer: Chamber of Commerce and Industry of Vietnam - VCCI

Venue: 4th floor, VCCI-HCM Building, 171 Vo Thi Sau Street, Ward 7, District 3, Ho Chi Minh City

Contact Information:

Membership and Training Department

Tel: 0909 738 795 (Ms. Thuy)





INDUSTRY HIGHLIGHTS

(Follow link to read full articles)


VIETNAM BUSINESS ENVIRONMENT

After a journey of eight years, the Regional Comprehensive Economic Partnership (RCEP) was finally signed on November 15, 2020, covering the 10 ASEAN countries as well as Australia, China, Japan, South Korea and New Zealand.

RCEP has a market of 2.2 billion consumers and a total GDP of USD26.2tn - accounting for around 30% of global GDP - thus forming the largest free-trade bloc the world has ever seen.

Vietnam will remain at the center of Asian supply chains while being one of the most competitive manufacturing locations in the Asia-Pacific region said analysts from the Economist Intelligence Unit in a report on the country released on January 13.

As big tech begins to shift away from China-based production centers, a host of international firms - including major suppliers for Apple, Sony and Microsoft - are finding a new home in Vietnam.

Vietnam has become the fastest growing national brand in Brand Finance’s ranking this year with its brand value skyrocketing by 29% to USD319bn.

According to Brand Finance, Vietnam - which has recorded a remarkably low number of COVID-19 cases and deaths - has emerged as one of the top locations in Southeast Asia for manufacturing.

Some major new moves in January included China’s radial tire manufacturing project in Tay Ninh Province adding USD312mn into registered investment, Singapore’s Kodi New Material Vietnam registering USD270mn in Bac Giang Province, and Hong Kong’s Everwin Precision Vietnam pouring USD200mn into Nghe An Province.

The UK-Vietnam Free Trade Agreement (UKVFTA) - which came into force on January 2021 - is promising several export opportunities for Vietnamese garment-textile and footwear enterprises to the European market.

As such, the industry can diversify its raw material supplies via imports from Japan and South Korea for export to the UK and the EU with preferential tax rates - an advantage that many ASEAN member countries do not have.

Due to the land shortage in Ho Chi Minh City, it is expected that investment will grow in new industrial zones in the southern provinces of Binh Duong, Long An, Dong Nai and Can Tho.

Binh Duong Province has been one of the top destinations in Vietnam for foreign direct investment (FDI). The province attracted about USD1.7bn of FDI in the first 10 months of 2020, exceeding the goal set for full-year 2020 by 19%.


The Dong Nai People’s Committee recently granted investment certificates for three foreign-invested supporting industry projects with a combined investment capital sum of USD190mn, including USD100mn by Hansol Electronics Viet Nam Co., Ltd (South Korea), USD60mn by Ojitex Viet Nam Co., Ltd (Japan) and the remaining USD30mn by Platel Vina Co., Ltd (South Korea).


This expressway project would help to ease traffic on National Highway 51 as well as facilitate travel from Dong Nai and Ba Ria-Vung Tau to Ho Chi Minh City and the southern key economic zone.

According to plans, the construction would commence in Q4 2022 and is slated to take two years.



MANUFACTURING

According to Nikkei Asia, Apple is ramping up the production of iPhones, iPads, Macs and other products outside of China demonstrating that the tech giant is continuing to accelerate its production diversification.

iPad production will begin in Vietnam as early as the middle of this year, marking the first time that the world's biggest tablet maker will build a significant number of the devices outside of China.

Taiwan’s Foxconn Technology Co Ltd will build a USD270mn plant to produce laptops and tablets at Quang Chau Industrial Park in the northern province of Bac Giang.


Separately, State media reported that Foxconn is also looking into investing USD1.3bn in Thanh Hoa Province.


Hayward Quartz Technology will build a USD110mn semiconductor factory in the Danang Hi-Tech Park. The Silicon Valley-based company is a leading supplier that

supports all major original equipment manufacturers in the semiconductor business segment and is also an authorized quartz distributor and fabricator to all major raw material manufacturers.

Ju Teng International Holdings Ltd. will develop an electronic component manufacturing project in the central province of Nghe An with a total investment of USD200mn.

The investment holding company principally specializes in the manufacturing and sale of casings for notebook computers and handheld devices.

Intel poured an additional USD475mn into Intel Products Vietnam (IPV), IPV Chief Financial Officer Alan Danner said on January 27.

This is a new investment following a sum of USD1.04bn that was invested to build a chip assembly and test manufacturing facility at SHTP in 2006, bringing the semiconductor company’s investment in Vietnam to USD1.5bn in total.

Hayat Kimya, a leading Turkish company in the FMCG industry, has injected USD250mn to develop a factory in the Becamex - Binh Phuoc Industrial and Urban Complex. Around 40% of the factory’s output is expected to be exported to overseas markets such as Thailand and Malaysia.





SITE AVAILABILITY

(Latest update as of March 16, 2021. Please check with your favorite sales representative if you are interested in expanding your area.)


READY-BUILT FACTORY

SOUTH

Location Project Construction
completion
Available GLA
(sqm)
Binh Duong Bau Bang Pre - phase 06/19 10,800
Phase 1, 2 06/19 -
Phase 3, 4, 5 04/20 9,699
Phase 6, 7 04/20 -
My Phuoc 3 Phase 1, 2, 3 12/19 -
Phase 4, 5, 6 05/20 -
My Phuoc 4 Phase 1 07/21 65,914
Dong Nai Nhon Trach 2 - Loc Khang Phase 1 02/22
(tentative)
154,311

NORTH

Location Project Construction
completion
Available GLA
(sqm)
Bac Ninh VSIP Bac Ninh Phase 1 07/19 1,375
Hai Duong VSIP Hai Duong Phase 1 04/20 1,467
Phase 2 07/21 85,140
Phase 3 03/22
(tentative)
106,916
Hai Phong VSIP Hai Phong Phase 1 04/20 10,960
Phase 2 04/21 14,558
Nam Dinh Vu Phase 1 09/21 61,189


SOUTH

Location Project Construction
completion
Available GLA
(sqm)
Binh Duong VSIP 2A Plot 1 05/21 41,143
My Phuoc 4 Plot 1 07/21 155,637
Tan Dong Hiep B Plot 1 10/21 50,736
Dong Nai Nhon Trach 2 - Loc Khang Plot 1 02/22
(tentative)
85,802
HCMC Tan Phu Trung Plot 1 03/20 -
Plot 3 04/21 87,917
Plot 4 07/21 -

NORTH

Location Project Construction
completion
Available GLA
(sqm)
Hai Phong Deep C Plot 1 07/21 34,445
Plot 2 11/21
(tentative)
53,854