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.
The northern port city of Haiphong is ramping up efforts to develop its industrial and logistics market. The port-connected DEEP C Industrial Zones are expected to take advantage of new opportunities from the current development plans. Hans Kersten, head of Sales and Marketing at DEEP C, shared with VIR’s Thanh Van his insight into the prospects of the city, and how the group can help accelerate these new development plans.
The flow of Thai FDI to harness business opportunities in Vietnam is on the rise.
Top Solvent Company Limited, the marketing arm of Thai Oil Public Company Limited, has successful organized the grand opening of its solvent terminal in Haiphong on April 25, 2019. The new Thai investment of VND 300 billion is in DEEP C Haiphong I, a part of DEEP C Industrial Complex, Haiphong City.
Dow and DEEP C signed a Memorandum of Understanding (MoU) to build the first road using recycled plastics at the DEEP C Industrial Complex in Haiphong City in Vietnam. The project collaboratively advances a circular economy in Vietnam through the development of roads made with recycled plastic while developing better end markets for plastic waste.
On April 6th 2019, DEEP C Industrial Zones were honored to receive the Golden Dragon Awards with the theme “New Prestige, New Opportunity”, the largest annual awards ceremony hosted by Vietnam Economic Times in recognition of FDI companies with outstanding business achievement and significant contribution made to their industry and Vietnam socio-economic development.
Vietnam has invested massively in state-of-the-art multimodal infrastructure in Haiphong. These developments together with other advantages (such as the economic zone tax package) bring tremendous business opportunities for manufacturing, logistics and service companies. A list of companies have already found their way to the North, making Haiphong one of the fastest growing cities in Vietnam with a GDP growth at over 16.25% in 2018 while throughput via port increased by 18.43% over the same period.
For businesses to take full advantage of those developments, various experts are going to share insights regarding investment opportunities and business potentials in Hai Phong Investment Seminar 2019.
For detailed agenda, please click on the flyer.