Many overseas companies have already shifted their manufacturing to Vietnam, others are considering moving in the near future. All are aware of the attractive push factors among these are cost of doing business, free trade agreements and tax incentives.
To keep the momentum going and attract more complex manufacturing, the further development of supporting industries as well as the maritime and logistics sector will be essential to #KeepItFlowing!
The project pilots a circular economy solution to turn post-consumer recycled plastics into new, valuable resources
On 1 October 2019, DEEP C Industrial Zones and Dow recently completed the first asphalt road enhanced with recycled plastics at a DEEP C industrial zone in Haiphong, Vietnam. The project is a collaboration between Dow and DEEP C to provide innovative solutions to address plastics waste and advance a circular economy in Vietnam.
Over the last few years, Vietnam has shown it is taking industrial sustainability seriously by implementation of eco-industrial park initiatives. While many challenges remain, innovative technology could be the answer to shaping up a smart and green manufacturing ecosystem.
Last week, the Eurocham's FDI Excursion tour brought a delegation of more than 20 members to DEEP C Industrial Zones 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.
The Council of Ministers today approved the EU-Vietnam trade and investment agreements, paving the way for their signature and conclusion. EU Commissioner for Trade Cecilia Malmström and Romanian Minister for Business, Trade and Entrepreneurship Ștefan-Radu Oprea will sign the agreement on the EU’s behalf in Hanoi on Sunday 30 June. The agreements are set to bring unprecedented benefits for European and Vietnamese companies, consumers and workers, while promoting respect for labour rights, environmental protection and the fight against climate change under the Paris Agreement.
Vietnam has recently successfully established itself as the leading destination for foreign direct investment, thanks to its increasing integration with world markets. Its FTA network is currently connecting Vietnam to 68% of the world population.
Further, the biggest seaport and industrial hub of North Vietnam - Haiphong city has invested massively in state-of-the-art multimodal infrastructures. The first ship in the direct shipping route to US was recently launched in April 2019, minimizing transportation time and risk. These developments together with other advantages bring tremendous business opportunities for manufacturing, logistics and service companies.
On May 11, 2019, City of Kitakyushu and DEEP C Industrial Zones (DEEP C) signed a memorandum of understanding on Business Investment in the presence of leaders from Haiphong People’s Committee, Haiphong Economic Zone Authority (HEZA), Haiphong Department of Foreign Affairs, Haiphong Department of Industry and Trade.
With the growing demand for manufacturing and storage facilities which has become more specific and sophisticated, DEEP C continues to expand its ready-built workshop/warehouse project in DEEP C Haiphong I Industrial Zone. Workshop unit 3 is currently under construction next to the existing workshop unit 1 & 2 and is scheduled to be fully operational as from July.