BW BREAKING NEWS

VIETNAM INVESTMENT SERIES -
EPISODE 1 | BINH DUONG

Binh Duong is situated in the nucleus of southern Vietnam’s dynamic economic zones and a hotbed for manufacturing.

BW 360 TOUR
BAU BANG & MY PHUOC 3

Take a virtual tour to get an up-close view of our strategically located and thoughtfully built factories.

WEBINAR - BUILDING MORE RESILIENT
SUPPLY CHAINS

Get an update about the industrial market, recent Queenbees and tips on how to quickly set up a factory with Michael Chan - BW’s Head of the North.

KOREAN WEBINAR – CRISIS IS AN OPPORTUNITY!

1. Why Vietnam?
2. Why ready-built-factory instead of land purchase?
3. Project briefing - BW Industrial Development JSC

JAPANESE WEBINAR - INVESTMENT IN VIETNAM

China+1: A comparative review of investment in ASEAN.

BW IN THE NEWS

“SUPPLY CHAIN GROWTH IN VIETNAM TO OUTPACE SOUTHEAST ASIA”

“Vietnam is rapidly moving toward the development of supply chains. We will see more investment in electronics and electrical goods — from laptops, mice and remote controls to smart watches, telecommunications products and machines. Other key fields will be medical products, automotive parts and machinery,” C.K. Tong, CEO of BW.

“COVID-19 APPEARS TO BE A CATALYST FOR LOGISTICS REAL ESTATE DEMAND”

“From a logistics point of view, we believe modern multi-story warehouses will be rolling out faster in the next few years — particularly around Hanoi and HCMC where land prices are high. I expect that certain IPs located close to the CBDs of HCMC and Hanoi will be re-zoned and changed to be more like business parks as the urbanization of these cities takes place,” Ms. Tran Huynh, Deputy CEO of BW.

BW INTERNAL NEWS

BW BUSINESS LUNCHEON “WOMEN YOU CAN DO” with our tenants’ female officials

Our event in partnership with The New Savvy Vietnam provided useful information and insight about finance for women while allowing the audience to interact with three motivational speakers.

BW’S INDUSTRIAL PARK NETWORKING EVENT

BW’s Industrial Park Networking Event is a place for all industrial park colleagues to gather, receive an overview of the market and share investment opportunities and procurement updates.


UPCOMING EVENT

*South (Binh Duong)

Matching Day organized by WTC Binh Duong New City

Organizer: World Trade Center Binh Duong New City

Venue: Binh Duong Convention & Exhibition Center (BCEC)

Contact Information:


EVENT DESCRIPTION TIME
WTC Matching
Day 2020
Representatives from several different
industries will meet to exchange ideas,
showcase their latest products & solutions
and build valuable relationships.
4/12/2020

VCCI training workshop (part of WTC Matching Day 2020)

Organizer: World Trade Center Binh Duong New City

Venue: Binh Duong Convention & Exhibition Center (BCEC)

Contact Information:


TRAINING COURSE KNOWLEDGE SPONSOR TIME
Certificate of Origin VCCI 4/12/2020


INDUSTRY HIGHLIGHTS

VIETNAM BUSINESS ENVIRONMENT

The Market Intelligence & Consulting Institute (MIC) predicts that Southeast Asia will produce half of the world’s notebook personal computers in 2030 — with Vietnam and Thailand pegged as main manufacturing hubs.

Currently, China accounts for 90% of the global laptop production; however, China’s dominance in global laptop manufacturing will wane in the next few years as the supply chain gradually moves to Southeast Asia.

Fitch Solutions attributed Vietnam’s success to a combination of factors: firstly, the abundance of young labor as around 70% of the total population is still of active age; secondly, lower wages relative to China.

Apparel exports from Vietnam have grown by 15.8% in terms of the compound average growth rate between 2010 and 2019, making the country the second largest global apparel exporter after China.

With a 43% growth rate, Vietnam ranked third in the region (after the Philippines and Thailand) in terms of growth. In addition, Vietnam is among the top countries in Southeast Asia – together with Indonesia and Thailand – in the number of visits to online shopping apps, accounting for 19.5% of the entire region market share.

Vietnam is expected to be the only Southeast Asian economy to achieve growth this year with its GDP rising by a likely 2.3%. The Global Economic Outlook report said recovery prospects look brightest for Vietnam, which had contained the COVID-19 outbreak very effectively the recent outbreak in Da Nang.

In recent years, Vietnam has become a popular option for companies that want to expand their production network in Asia. COVID-19 is intensifying the trend, according to the article. The International Monetary Fund forecast that the country can expect economic growth of almost 3% this year.

To attract both foreign and domestic investors, Bac Ninh focused on improving its business climate by prioritising projects which use less land and less labor while having a high investment rate, significant budget and modern technology, the Vietnam Government Portal reported.

The southern province of Dong Nai has mobilised all resources to speed up the progress of several major transport projects, including the Long Thanh International Airport.

After the completion of N1 and N2 tunnels in March 2018 and July 2020, An Suong intersection has come into full operation, opening the gateway to the northwestern regions of Ho Chi Minh City and relieving traffic jams.


MANUFACTURING

Representatives from Apple have inspected new workshops of Luxshare - ICT Vietnam in Bac Giang Province in an attempt to shift iPhone production to the Vietnam. Currently, Luxshare - ICT Vietnam has invested USD270 million in Bac Giang province while employing 28,000 workers. The company plans to raise its total number of employees to 50,000- 60,000 following a request from Apple.

Taiwan-based Pegatron, manufacturing partner of some of the world’s major tech firms such as Microsoft, Apple and Sony, has plans to invest USD 1 billion to build a manufacturing complex in the Nam Dinh Vu Industrial Park in the northern city of Hai Phong, according to a report from the Ministry of Planning and Investment.

Samsung Electronics will end Chinese personal computer production as it looks to shift production to Vietnam to cut costs and remain competitive in the PC business. Last year, Samsung closed its last mobile phone factory in China as production from its faculty in Huizhou switched to Vietnam, which was a move that greatly affected the local economy.

Samsung Electronics will close its sole Chinese TV factory in November and shift part of its operations to Vietnam while recategorizing its factory in Ho Chi Minh City as an export processing enterprise.

Intel has invested USD 1 billion in Vietnam and is mulling to inject more capital into its operations in Ho Chi Minh City. The export revenue of Intel in Vietnam has reached USD3.6 billion. With the new investments slated for the near future, the figure is expected to increase significantly.

Industry insiders said LG’s plan to build an additional R&D center appears to be aimed at boosting the competitiveness of its Vietnam plant. LG has stated that it is currently looking for potential sites in Vietnam; however, it has not confirmed detailed plans for the new center such as its research field, size and construction timeline.


SITE AVAILABILITY


(Latest update as of September 24, 2020, please check with your favorite sales representative if you are interested in expanding your area.)

READY-BUILT FACTORY

MY PHUOC 3 - BINH DUONG

PHASE 1 + RBF C13 PHASE 2 PHASE 3 PHASE 4,5,6
Construction completion 06/19 07/19 12/19 05/20
Available GLA Fully occupied Fully occupied 4,589 sqm 29,283 sqm

VSIP HAI DUONG - HAI DUONG

PHASE 1 PHASE 2 PHASE 3 PHASE 4
Construction completion 04/20 06/21
(tentative)
09/21 03/22
(tentative)
Available GLA 5,575 sqm 42,156 sqm 59,832 sqm 106,916 sqm

BAU BANG - BINH DUONG

PHASE 1,2 PHASE 3,4,5 PHASE 6,7
Construction completion 06/19 07/19 04/20
Available GLA Fully occupied 25,925 sqm Fully occupied

VSIP HAI PHONG - HAI PHONG

PHASE 1 PHASE 2 PHASE 3
Construction completion 04/20 04/21 N/A
Available GLA 2,943 sqm 14,558 sqm 48,463 sqm

VSIP BAC NINH - BAC NINH

PHASE 1
Construction completion 07/19
Available GLA 1,443 sqm

BUILT-TO-SUIT WAREHOUSE


TAN PHU TRUNG - HO CHI MINH CITY

PLOT 1 PLOT 2 PLOT 3
Construction completion 03/20 04/20 01/21
Available GLA Fully occupied Fully occupied 87,917 sqm

PHU NGHIA – HA NOI

PLOT 1
Construction completion 04/21
Available GLA 10,932 sqm