Indian firms plan $300mn investment near HCM City to benefit from TPP

A new industrial park will produce textile and fabric materials, to meet TPP “yarn-forward” rules-of-origin requirements.

“It is the efforts of Indian companies to take the initiative of the Trans-Pacific Partnership trade deal which will support Vietnam’s garment and textile industry”

“Though India is not participating directly in the TPP, we have reason to invest more in Vietnam to benefit indirectly from the deal because Vietnam already imports fabrics from India.”

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US experts advise Vietnam how to lift aviation industry to new heights

New Noi Bai TerminalThere is room for further co-operation between the US and Viet Nam in developing aviation infrastructure, safety and security, industry officials said at a conference held on Wednesday, Sep 25 in HCM City.

The conference heard representatives from US aviation companies and US government experts from the Federal Aviation Administration (FAA) sharing their expertise to facilitate the goal of aviation progress in Viet Nam.

The conference focused on best practices in airport operations, including maximising airport traffic management to increase capacity, public-private partnership opportunities in Viet Nam’s aviation sector, and aircraft certification.

According to Le Van Tang, head of the Bidding Management Department at the Ministry of Planning and Investment, demand for annual capital to develop aviation infrastructure is estimated at $8 billion. He said that two aviation projects are calling for public-private partnerships, including the $250-million Van Don Airport in northern Quang Ninh and the $5.62-billion Long Thanh Airport in southern Dong Nai. The latter would carry 100 million passengers a year.

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DPEP Dau Giay – Phan Thiet Expressway Project (HCM City – Phan Thiet)

dpep-sitemap

Proposed to be developed on a new alignment as a 4-lane expressway of length 98.7 km, the DPEP is the first PPP project being undertaken in the toll road sector in Vietnam.

The DPEP is proposed to be developed through the DBFOT model. The concession period proposed for the project is 30 years.

The MOT intends to award the concession for the development of the DPEP to a group of entities. The MOT has identified M/s Binh Minh Import-Export Production and Trade Company Ltd. (BITEXCO) as the first investor in the DPEP.

The MOT now intends to select the second investor for the project through an international competitive bidding process. The investors shall incorporate a project enterprise in Vietnam for the implementation of the project.

The estimated capital investment in the DPEP is $757 million. Read more

Binh Duong People’s Committee Chairman Lê Thanh Cung welcomes AmCham leaders

AmCham Meeting in Binh Duong - 1Binh Duong People’s Committee Chairman Le Thanh Cung welcomed an AmCham delegation led by Chairman Mark Gillin on Sep 20. The meeting focused on opportunities for FDI in Binh Duong province when the TransPacific Partnership (TPP) is concluded and enters into force. Chairman Le Thanh Cung said that, despite continuing economic difficulties within Vietnam, industrial production in Binh Duong increased 12.3% in the first eight months of the year, and FDI exceeded $1 billion, of which 40% was expansion of existing FDI facilities. In addition, Binh Duong had prepared conditions to attract even more FDI with TPP.  Read more

Opportunities with Vietnam, Los Angeles, Sep 27, 2013

Meet with and learn from a high-ranking delegation from Vietnam.

When: Friday, September 27, 2013, 8:00 a.m. to 9:30 a.m.

Where: University of Southern California, University Club,
705 W. 34th Street, Los Angeles, CA 90089.

What: Breakfast provided and hosted by the Marshall School of Business’ International Business Education and Research (IBEAR) MBA Progan

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HCM City & Southern Key Economic Region (SKER) Infrastructure: Ports and Industrial Parks

SKER Southern Key Economic Region

Binh Duong’s New City Master Plan, based on Japan’s World Renowned “Tokyu Model” Japan’s Tokyu Corp. and Becamex will develop a new city and transport infrastructure in Binh Duong. A key element of the “Tokyu Model”was the land readjustment was used to assemble land and to finance infrastructure for Tama Denen Toshi. A total of fifty-three cooperatives were formed between 1953 and 1966 that allowed the consolidation of more than 4,900 hectares of land. Most original land-holders were farmers who placed trust in the Tokyu Corporation’s ability to create high-quality communities because of the company’s track record as a successful builder of garden cities (when known as the Garden City, or Denen Toshi, Corporation). The cooperatives relinquished development rights and full control over project planning to the Tokyu Corporation. Among Japanese city planners, this unprecedented approach to new town development became as the “Tokyu Method,” which could help ease the frequent disputes about “resettlement” in Vietnam between property developers and the people on the land. Read more

US firms from AmCham Hong Kong scope TPP benefits

US firms scope TPP benefitsMost of our delegation members are textile and footwear companies which account for $3 billion in Vietnam exports. Vietnam is high on our radar screen. One key reason behind our visit to Vietnam is the TPP negotiations. Our message to the Vietnamese government is TPP is a great opportunity for Vietnam. If Vietnam becomes part of TPP, the country will attract much more foreign direct investment. That’s a big message.

Vietnam being part of the TPP means there would be lots of improvements in Vietnam in the future, from government management, business environment, transparency and custom issues to labour relations. Read more

ADB to lend Vietnam $410 mln for 2nd highway from HCMC to Mekong Delta

ADB-financed 2nd highway between HCMC and Mekong DeltaThe Asian Development Bank has approved a loan of US$410 million for building a second highway connecting Ho Chi Minh City with the Mekong Delta.

The highway, to cost an estimated $860 million, will also get a grant of $160 million from the Australian Agency for International Development, and a loan of $260 million from the Export-Import Bank of Korea.

The Vietnamese government will put up the rest. Read more

Industrial real estate market update: a challenging 2012 and outlook for 2013

Looking down Le Loi Boulevard, past Ben Thanh market (on Left), Saigon Centre Building (Center) and Bitexco Financial Tower (tallest bldg on R)

Photo: aaphoto.vn • View of HCM City District 1

CBRE Vietnam shared its view on the industrial real estate market against challenging market conditions in 2012 and provided a 2013 forecast based on major recent case studies on who / where/ why. Despite difficulties and declines in FDI, a steady but reduced inflow is underway. FDI business association representatives continue to highlight for regional and national governments that a major challenge in Vietnam is improving quantity and quality of FDI, and that FDI in Vietnam is hindered by the high price of industrial land … weak infrastructure, poor training of workers, and lack of supporting industries.

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Metro line to connect Binh Duong New City with HCM City

Ho Chi Minh City Metro Rail SystemHCMC, Mar 3, 2013. A metro route connecting Binh Duong New City with HCMC’s Suoi Tien Theme Park will be developed soon thanks to the Japanese Government’s support, Tran Thanh Liem, vice chairman of Binh Duong Province, said.

Takumi Onuma, representative of Japan’s Ministry of Economy, Trade and Industry (METI), said at a meeting with Binh Duong Province’s government on Wednesday, Feb 27 that Japan will support the province to build the metro line, according to Liem.

The project remains an idea but Liem said that it is an important project and that the Japanese Government wants to speed up investment into the project via ODA loans, and Binh Duong’s central area will be connected with downtown HCMC, he added.

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Ho Chi Minh City Metro Rail System Project Underway: Line #1 (Blue Line) and Line #2 (Red Line)