VIETNAM BUSINESS NEWS MAY 5
15:45 89 percent of imports
raw materials for domestic production: Ministry Up
to 89 percent of the imports in the first four months of this year are raw
materials and accessories for domestic production with a combined value of
106.6 billion USD, up 16.8 percent year-on-year, according to the Ministry of
Industry and Trade. It
reported on May 4 that Vietnam’s total imports expanded 15.7 percent
year-on-year to an estimated 119.8 billion USD in the period. In
April alone, the figure was estimated to reach 32.2 billion USD, down 1.5
percent month-on-month and up 15.5 percent compared to the same period last
year. The
import of energy products strongly surged, partly due to scarce supply. Notably,
the import turnovers of gasoline and oil, coal, crude oil and liquefied
natural gas surged by 146.9 percent, 123 percent, 63.7 percent and 62.7
percent, respectively. In
addition, the import of other items also increased sharply such as petroleum
products (up 30.3 percent), chemicals (up 29.3 percent), chemical product
(26.71 percent), fertiliser (73.3 percent), rubber (34 percent), mobile phones
and accessories (20.8 percent). China
was the largest market of Vietnam in the first four months, with an estimated
turnover of 36.78 percent, up 8.3 percent compared to the same period last
year. Vietnam
also imported goods from the Republic of Korea, ASEAN, Japan, EU, and the US
with respective values of 23.3 billion USD, 16.4 billion USD, 8.2 billion
USD, 5.3 billion USD and 4.7 billion USD.
German newspaper highlights Vietnam’s
post-pandemic economic recovery Germany’s
newspaper Finanzmarktwelt has run an article on Vietnam’s full reopening post
the COVID-19 pandemic, with rosy signs seen in all sectors. According
to the article, Vietnam faced a range of difficulties in the fight against
the pandemic last year due to the spread of the Delta variant. However, the
Southeast Asian nation has fully opened and shifted to living safely with the
pandemic despite Omicron waves this year. The
country’s export-import value hit a record 67.37 billion USD in March, of
which 34.71 billion USD came from exports, surpassing the previous record in
July 2021. The
article cited a forecast by the Asian Development Bank (ADB) as saying that
Vietnam’s economy will expand about 6.5 percent this year. It
also highlighted Vietnam’s export of electronic products, especially mobile
phones, garments-textiles and timber products. Tim
Lee Lahaphan, an economist from Standard Chartered Bank, said more and more
foreign firms have planned to move their supply chains to Vietnam that is
dubbed as a centre of electronics, garments-textile and footwear in the
region, the article noted. Apart
from production and trade, the domestic tourism is also bouncing back, the
article said, adding that since mid-March, Vietnam announced its complete
resumption of tourism activities. Tourism
has significantly contributed to Vietnam’s economy, making up 9.2 percent of
the national gross domestic product (GDP) last year, the article said. HCM City looks to bolster waste
treatment cooperation with Indian firm Vice
Chairman of the Ho Chi Minh City People’s Committee Vo Van Hoan on May 4 met
with Alla Ayodhya Rami Reddy, a member of the upper house of India, who was
leading a business delegation, including representatives of the Ramky Group,
to the city to explore cooperation chances in waste treatment. The
host official said HCM City welcomes Indian enterprises coming to explore
opportunities and make long-term investment and business. It is always ready
to create the best possible conditions for Indian firms to invest in
industrial park infrastructure and convert old industrial parks into the ones
that apply modern and advanced technologies. The
Ramky Group’s intention to build a hi-tech waste treatment plant highly
matches the demand and development orientations in the city and Vietnam as a
whole, Hoan said, adding that HCM City highly values Indian businesses’
experience and technological capabilities in waste treatment. HCM
City hopes that Ramky will consider, give advice, and implement waste
treatment projects at existing landfill sites while constructing a
large-scale wastewater treatment system for the city, according to the Vice
Chairman. For
his part, Reddy, who is also the founder of Ramky, affirmed his wish to
enhance cooperation with HCM City and other southern localities of Vietnam in
the treatment of urban, medical, and industrial waste, along with wastewater,
by using advanced technology. The
group looks to raise its investment in Vietnam to 1 billion USD from the
initial 150 million USD committed in a memorandum of understanding on
cooperation signed in December 2021, he noted. Airports welcome over 1.1 million
passengers during 4-day holiday Total
passengers passing through airports across Vietnam exceeded 1.1 million
during the four-day National Reunification Day (April 30) and May Day (May 1)
holiday, reported the Civil Aviation Authority of Vietnam (CAAV). The
figure represented an annual decrease of 3.3 percent, however goods
throughput hit 15,900 tonnes, up 7.5 percent on year. Tan
Son Nhat in Ho Chi Minh city, Noi Bai in Hanoi, and Da Nang in the central
city of the same name received 375,000, 240,000 and 94,800 passengers, as
well as 4,900, 9,600 and 316 tonnes of goods, respectively. Vietnamese
airlines operated 3,600 flights, down 13.5 percent over the same period last
year. Of the flights, 3,300 took off on time, and 25 were cancelled. FDI channeled into Binh Duong
quadruples Foreign
direct investment (FDI) flowing into the southern province of Binh Duong
neared 1.8 billion USD in the first four months of this year, four times
higher than in 2021. Local
industrial parks attracted more than 9.2 trillion VND (400.55 million USD) in
domestic investment, an annual increase of more than five times. To
date, Binh Duong's industrial parks are home to 3,014 valid projects. Of the
total, there are 2,340 FDI projects worth nearly 28 billion USD, channeled
mainly in the production sector. Among
the investors, Nitto Denko Vietnam Co., Ltd., which specialises in
manufacturing electronic components, has increased its capital by 99 million
USD to produce and process integrated circuit products this year. Meanwhile,
Accasette Garment Company Limited in Song Than 3 industrial park raised its
capital by 14 million USD to promote production and export of fashion and
sports clothing. According
to Nguyen Thanh Nhan, Deputy Head of the Binh Duong Industrial Zones
Authority, the results showed that after the COVID-19 pandemic, business and
production activities have returned to normal, creating favorable conditions
for domestic and foreign enterprises to confidently pour capital into goods
production and exports. Vietnamese firms partner to upgrade
telecoms network in Cambodia MB
Cambodia and the Viettel (Cambodia) Pte., Ltd (Metfone), two
Vietnamese-invested firms, on May 4 signed a special credit package contract
for 2022 to upgrade the telecoms network in Cambodia. Under
this contract, MB Cambodia, a branch of Vietnam’s Military Commercial Joint
Stock Bank, will provide a credit package with a limit of up to 100 million
USD for Metfone, an affiliate of the Viettel Military Industry and Telecoms
Group, to upgrade the telecom services network and expand operations in
Cambodia. Metfone
and MB Cambodia are assessed as leading Vietnamese businesses in Cambodia
over the past decade. Vietnamese
Ambassador to Cambodia Nguyen Huy Tang described the signing of the contract
as an important event since both have gained a foothold in the
telecommunications, e-payment, e-wallet, and financial - banking sectors in
Cambodia. He
held that this partnership will help promote Vietnamese firms’ stature in
Cambodia, thereby contributing to the two countries’ cooperation, especially
in economy. Bilateral
trade has recorded impressive growth in recent years, hitting 5 billion USD
in 2020 and 9.3 billion USD in 2021, statistics showed. Petrol prices inch up in latest
adjustment Retail
prices of oil and petrol were raised from 3pm on May 4 following the latest
adjustment by the Ministry of Industry and Trade (MoIT), and the Ministry of
Finance. Accordingly,
the ceiling retail price of RON95 bio-fuel was raised by 440 VND to 28,430
VND (1.24 USD) per litre, while that of E5 RON92 increased by 330 VND to no
more than 27,460 VND per litre. At
the same time, the price of diesel was capped at 25,530 VND per litre, an
increase of 180 VND. Kerosene prices remained unchanged at 23,820 VND per
litre. According
to the MoIT, gasoline demand in the second quarter will reach about 5.2
million sq.m, with supply expected to hit some 6.7 million sq.m. The
total demand for petroleum in the domestic market this year is forecast at
20.6 million sq.m. Vietnam Australia Innovation Network
to hold Int’l Conference on High Quality Agriculture The
Vietnam Australia Innovation Network (NIC AU) will organise an International
Conference on High Quality Agriculture on May 8 and May 22. The
conference, sponsored by the State Committee for Overseas Vietnamese and the
National Innovation Centre (NIC) of Vietnam, will be held in an online
format, with the participation of many prestigious speakers and guests around
the world. This
is the second time a global conference on high-tech agricultural innovation
has been held, following the success of the one in 2021 also co-organised by
NIC AU and the Vietnamese innovation network in some other countries. Hoang
Ngoc Bao Huy, NIC AU Vice President, said that the event aims to promote the
exchange and transfer of science and technology in the agricultural field
from developed countries to Vietnam. It will offer an opportunity for
scientists, managers and experts in the fields of agriculture and technology
to share experience and provide information related to new technologies for
Vietnamese businesses, and support local authorities in looking for solutions
to improve crop productivity for export. The
NIC AU is working with the NIC, the Ministry of Planning and Investment and
Vietnamese innovation networks globally in making plans to implement more
programmes, conferences, group meetings and discussions on various scales in
the field throughout the years, starting in 2021 and lasting at least until
the end of 2022. Remittances to HCM City reach nearly
1.8 billion USD in Q1 Remittances
to Ho Chi Minh City in the first quarter of this year reached nearly 1.8
billion USD, according to the State Bank of Vietnam’s branch in the city. The
volume showed a 14.2 percent increase compared to the same period last year. Those
are impressive figures in the context of complex changes in the world
situation and the negative impact of the COVID-19 pandemic on global trade
and economic activities. Foreign
remittances account for around 12 percent of HCM City’s GRDP, becoming an
important resource for socio-economic development in not only the city but
also the country as a whole. Last
year, remittances to the city came to a record high of 7.1 billion USD,
accounting for more than half of the national volume. Transport firms up charges amid
mounting fuel prices About
80-90 percent of fixed-route transport firms have adjusted their fares up by
10-15 percent to offset mounting fuel costs, according to a Ministry of
Transport (MoT) report submitted to the Prime Minister, assessing the impact
of higher fuel prices. According
to the ministry, fuel prices have increased by 4,625-7,030 VND per litre
(0.2-0.3 USD), or 24.91-39.56 percent, after six price adjustment periods
since early 2022. Due
to the price hikes, fuel costs have grown to an enormous proportion of the
total costs of roadway transport firms, accounting for 40-45 percent of their
bills. The firms had no choice but to seek fare rises. The
situation is not better for airlines, whose fuel costs account for 39.5
percent of their total costs. The MoT estimated that airline fuel costs in
April climbed by 84 percent compared to September 2015, effectively eroding
their profitability. The
Civil Aviation Authority of Vietnam has sent an appeal to the MoT, requesting
adjustments upward on ceiling airfares to help airlines to recover. Meanwhile,
railway firms have decided to keep their fares unchanged to attract more
passengers and stick to socio-economic targets set by railway authorities.
Rail freight rates rose slightly by 3-5 percent. A
few shipping lines have begun to collect fuel surcharges since March to cover
higher costs, whereas others have not hiked their fares. Vietjet resumes flights from Vietnam
to some Asian countries The
Vietjet flight number VJ971 officially took off from Hanoi to New Delhi
(India) after a hiatus of more than two years. Welcoming
the first passengers back on the route to India, the leaders of the Civil
Aviation Administration and Vietjet were early present at the airport on
April 30 to give flowers and extended the best wishes before the flight. Dinh
Viet Phuong, Vietjet Managing Director shared: "A series of direct
routes to India - a country of 1.4 billion people shortly after the pandemic
and other international routes to Thailand, Singapore, Malaysia, the Republic
of Korea, Japan, Indonesia, etc are Vietjet's efforts and commitments to
bring flying opportunities for everyone, becoming a bridge for cultural,
economic and social exchange activities between countries, leading the wave
of strong recovery after the pandemic". Immediately
after the pandemic, Vietjet pioneered in operating flights to the Indian
capital as well as those to Bodh Gaya holy place. Local tuna exports to Portugal soar by
135% Vietnamese
tuna exports to Portugal continued to record a three-digit growth rate in the
first quarter of the year, according to statistics given by the Vietnam
Association of Seafood Exporters and Producers (VASEP). Most
notably, the export value of tuna to the Portuguese market throughout the
reviewed period skyrocketed by 135% to US$1.1 million against the same period
from last year. Vietnamese
enterprises mainly exported frozen tuna coded HS 0304 to the demanding
market, with the average export price reaching US$6,537 per tonne. According
to figures compiled by the World Trade Center, Portugal is currently the
sixth largest tuna import market in the EU bloc, with the Southern European
nation purchasing tuna from 35 countries globally. In
line with this, Vietnam makes up the eighth largest provider of tuna to Portugal,
behind Ecuador, China, Papua New Guinea, Mauritius, Indonesia, Ghana and the
Philippines. The
average price of Vietnamese tuna exports to this market last year increased
with frozen tuna loin coded HS0304 witnessing its highest price, according to
the VASEP. Moreover,
tariff incentives under the terms of the EU-Vietnam Free Trade Agreement
(EVFTA) have given fresh impetus to the high growth of Vietnamese tuna
products to the Portuguese market. Cua Lo Port receives first
international container ship Cua
Lo Port in the central province of Nghe An, a member of Vietnam Maritime
Corporation (VIMC), welcomed the international container ship The Mariner to
unload and transport goods to India on the morning of May 5. This
represents the first time that Cua Lo Port has received an international
container ship with a loading capacity of about 23,000 tonnes. The
move is expected to help Cua Lo Port serve as a crucial bridge in the VIMC's
container transport route, linking the nation to Malaysia and India, as well
as opening up development orientations for Vietnamese maritime transport and
establishing additional transport routes from central Vietnamese localities
to international ports globally. Vietnamese gold consumption demand
increases by 6% Vietnam’s
consumption demand for gold during the first quarter of the year edged up by
6% against the same period from last year, according to figures given by the
World Gold Council (WGC). The
global gold market enjoyed a rebound in the first quarter of the year,
representing an annual rise of 34%, thanks to strong inflows of
exchange-traded funds (ETFs). Coupled
with the recovery of global gold demand, consumer gold demand in the country
also rose from 18.6 tonnes in the fourth quarter of last year to reach 19.6
tonnes in the first quarter of the year, representing an increase of 6% year
on year. This
growth was primarily driven by total demand for gold bars and coins
increasing by 4% from 13.5 tonnes in the first quarter of 2021 to 14 tonnes
in the first quarter of this year. HDBank elects Korean banker as new
chairman The
appointment of Kim, who used to be chairman and CEO, the highest managerial
positions at Hana Bank and Hana Financial Group, as chairman of HDBank’s BOD
shows its desire to bring international vision and best standards into its
governance, transforming it in its new development stage and enabling
international integration. The
veteran Korean banker is expected to direct the acceleration of HDBank's
strategic programmes, expansion of international cooperation and realisation
of its targets of high and sustainable growth both in scale and quality. Kim,
61, has over 30 years of experience in the financial and banking industry. He
used to be CFO and CEO of Hana Bank (the second largest lender in Korea) and
vice chairman of Hana Financial Group. Coal miners expect good year on higher
demand, rising prices Data
compiled by Vinacomin - Minerals Holding Corporation (UPCoM: KSV) showed that
in the last quarter, raw coal output was 10.58 million tonnes, reaching 27.1
per cent of the year plan and equaling 106 per cent of last year's
production. Meanwhile, its coal consumption reached 11.07 million tonnes,
equal to 25.7 per cent of the annual plan and up 12.4 per cent year-on-year. During
the economic recovery post-COVID-19 pandemic, domestic demand for coal is at
a high level, especially coal for power generation. Coal-fired power is
accounting for more than 30 per cent of the country's total power capacity
and plays an important role in ensuring national energy security. It is also
one of the main sources of power supply to meet the needs of economic development
and maintain the stable operation of the system. Moreover,
domestic coal prices are expected to soon be adjusted, increasing profit
margins for businesses. According to Viet Capital Securities Company (VCSC),
the domestic coal price is currently at a modest level compared to the
international coal price. At present, international prices were 2.5-3 times
higher than domestic prices and may continue to increase. Experts
of VCSC forecast that TKV may ask to raise coal prices in 2022, as domestic
coal prices have remained stable over the past two years despite rising
production costs. With
the domestic coal production capacity of 100 per cent, coal production is
expected to reach 41 million tonnes this year, up 2 per cent on-year.
Therefore TKV has to import coal from other markets. And as international
coal prices have continuously inched higher, it is not economical for TKV to
maintain the coal prices since 2021. Sacombank
Securities Joint Stock Company (SBS) said that listed coal mining companies
can also benefit from negotiating new selling prices for TKV this year. To
produce coal for power generation and benefit from the cost, businesses are
concentrating their resources, preventing production disruptions. They also
have to mobilise the workforce and equipment to organise coal mining,
increase coal production, process and mix coal, ensuring coal output for
consumption demand. Thai Binh 2 thermal power plant to
start operations by May 10 All
employees and managers are making an effort to put the first turbine of the
Thai Binh 2 thermal power plant into operation by May 10. According to
information from the project’s managing board, the construction is currently
92 per cent complete and the fire prevention system is almost completed. About
1,200 staff are working at the building to accelerate the construction of the
thermal power plant. The contractor – QingDao-Sotec – commits to mobilise
human resources to ensure that the pilot operation goes smoothly. In
order to serve the operation, the managing board has selected 64 engineers
and 104 workers to join the on-job training course starting on May 16. Invested
in by PetroVietnam, the Thai Binh 2 thermal power plant is an important
component of the Thai Binh power centre. It was designed with two units with
a total capacity of 1,200MW and is located about 20km to the east of Thai
Binh city. Toyota Viet Nam recalls 191 Raize cars According
to the Viet Nam Register, these are vehicles manufactured from March 29 to
October 8 in Indonesia last year, imported by Toyota Viet Nam for
distribution. The
time to start implementing the recall programme is from May 4, 2022 to May 4,
2025. The estimated inspection and repair time ranges from 7.6 hours to 24.1
hours per car and is completely free of charge. In
case customers want to check if their car is on the list of this programme,
they can contact Toyota Viet Nam and Toyota dealers nationwide for support. For
more information, customers can directly contact the nearest Toyota dealers
or Toyota Viet Nam's hotline number 18001524 or 0916001524 or on the website
www.toyota.com.vn. Ho Chi Minh City earns over 1.6
trillion VND in tourism revenue during four-day holiday Ho
Chi Minh City earned over 1.6 trillion VND in tourism revenue during the
four-day holiday from April 30 to May 3 in celebration of the Liberation of
the South, National Reunification Day, and May Day. According
to the municipal tourism department, the city welcomed around 420,000
visitors, including 13,200 foreigners, on the occasion. Visitors
to the city during the holidays were offered new tourism products including
helicopter tours, which allow holidaymakers to view the metropolis from
above, and Saigon River tours. The
newly launched tours are among the highlights of the “Welcome to Ho Chi Minh
City” programme, which is being held from March 15 to September 15 to promote
the city’s tourism. Riverway
tourism routes have been put in operation in Ho Chi Minh City with the aim to
promote local waterway transportation and provide visitors with a new option
to explore the city. Banks begin to hike deposit rates Commercial banks are rushing to increase deposit rates
to speed up their capital mobilization. ABBank
has raised its annual rates by 0.4-0.5 percentage point for tenors of six
months or longer, making it the bank with the highest upward adjustment.
Customers depositing money online at ABBank for a nine-month term will enjoy
a 70-basis-point spike in rates. SHB
has revised up deposit rates by 40 basis points for tenors of 12 months,
while Techcombank had the same hike for online transactions. The
current highest deposit rate at SHB is 6.7% per year, up 35 basis points, and
only applies to the 36-month term and online transactions. At
Military Commercial Joint Stock Bank, the deposit rates have been adjusted up
15-24 basis points per year for several tenors, while at Eximbank, the rate
for online savings of 15 months is now 6.5%, up 20 basis points from early
April. Meanwhile,
Vietinbank has lowered deposit rates by 30 basis points for all tenors. Three
other banks, Agribank, BIDV and Vietcombank, have kept their deposit rates
unchanged. Two Thu Thiem land auction winners yet
to pay VND100 billion as committed By
the end of May 4, the two winners of the Thu Thiem land auction had not yet
paid VND100 billion (US$4.34million) as committed earlier. These
two enterprises had promised to pay VND100 billion before April 30 to
"show goodwill" with the desire to deploy projects on the land lots
that they won in the auction. After
making written requests to extend the payment time for the winning land lots
and related fees, including fines for late payment, to September 2022 but
were not accepted, the Dream Republic Joint Stock Company and Sheen Mega
Joint Stock Company made written commitments to pay an amount of VND100
billion into the State budget before April 30 to show goodwill to continue
carrying out their projects. At
present, the tax authority still calculates the late payment interest at 0.03
percent per day. The late payment calculation for the first installment had
been applied from February 6. And from April 7, these enterprises will be
charged an additional fee for late payment for the second one. Currently, the
late payment amount that these two enterprises have to pay is more than
VND2.3 billion ($100,010.59) per day. Central
provinces review, revoke unfinished projects of FLC Group After
Sai Gon Giai Phong Newspaper reported on sluggish projects occupying
thousands of hectares of land along the Central region of FLC Group,
provincial authorities have been reviewing and considering revoking and
reducing the area of projects with slow progress and infeasibility of this
corporation. Mr.
Dang Van Minh, Chairman of the People's Committee of Quang Ngai Province,
said that the province withdrew all projects that had previously granted
investment policies to FLC Group in Dung Quat Economic Zone and canceled two
projects in Binh Son and Ly Son Island districts with an area of nearly
5,900ha. Similarly,
the Department of Planning and Investment of Binh Dinh Province informed that
it was directing relevant functional units to review the feasibility and
investment ability of the FLC Cu Lao Xanh resort and villa complex in Quy
Nhon City to make a proposal to the provincial People's Committee to revoke
the project. Mr.
Nguyen Trong Trang, Chief of Office of the People's Committee of Thanh Hoa
Province, said that the provincial People's Committee had sent a document to
assign the Management Board of Nghi Son Economic Zone and industrial zones in
Thanh Hoa Province to coordinate with relevant units to implement procedures
to terminate the FLC Hoang Long Industrial Park project. In
Ha Tinh Province, Mr. Nguyen Van Sau, Vice Chairman of the People's Committee
of Thach Ha District, said that the FLC - Ha Tinh high-tech agriculture
project occupies an area of 240.44 hectares in this district. Currently, this
project has no positive investment signal. Recently, the enterprise has
continued asking to switch to a pig-farming project with a scale of about
60,000 heads. However, the People's Committee of Thach Ha District does not
agree because it is unsuitable for the planning and greatly affects the
environment. Suspect group deceiving thousands of
investors proposed to be prosecuted The
Office of Investigation Police Agency (under the Public Security Ministry)
has just finished its additional investigation of the case ‘Nguyen Huu Tien
and Accomplices Appropriated Property via Computer and Telecoms Networks,
Electronic Devices’, happening in Ho Chi Minh City and other provinces,
cities. Accordingly,
the Supreme People’s Procuracy has received the proposal from the Office of
Investigation Police Agency to prosecute Nguyen Huu Tien and his accomplices,
namely Nguyen Hong Quan, Pham Viet Son, Pham Thi Phuong Thu on the act of
using computer networks, telecoms networks, and electronic devices to steal
property. From
December 2015 to July 2018, Tien and his accomplices established two
companies called Thien Rong Viet Investment JSC. and OTCMAX JSC. to attract
capital from investors, even though these enterprises do not operate at all. The
suspects created the websites at the addresses of thienrongviet.com and
otcmax.vn to promote images, print many publications, and host various
customer meetings to deliver fake information about investment projects, with
a promise to pay high interest rates and lucrative commissions. They then
apply the multi-level marketing model to attract money from these potential
investors. The
suspects were able to collect hundreds of billions of VND with the above
trick. Vietnamese businesses continue strong
revival The
fast resumption of business and production activities during a new normal is
evidence of the Government’s efforts to accelerate economic recovery. In
April, a record number of 15,001 new enterprises were registered in
Vietnam, surpassing the previous all-time high of 13,043 during the 2017-2021
period. The
number of workforce in new businesses in April also rose by 10.7% year-on-year
to 104,757, while over 7,000 companies returned to operation during the
month, up 22.4%. The
latest Business Climate Index (BCI) from the European Chamber of Commerce in
Vietnam (EuroCham) revealed the index, which reflects the sentiment of European
businesses in Vietnam, has once again reached its highest point of 73 after
the fourth wave of the pandemic. Hanoi’s supporting industries welcome
new investment wave HANSSIP,
designed under the Japanese standard by design consultant firm Nikken Seikkei
Civil for on-site production chains, covers an area of 640 hectares and is
located in Hanoi's Phu Xuyen district, adjacent to National Highway 1A and
National Highway 1B - Phap Van Cau Gie. At
full capacity, HANSSIP could accommodate up to 2,000 enterprises and create
150,000 – 200,000 direct jobs. In
late March, Japan-based Onaga, producers of aircraft components for Boeing
and Airbus, held a groundbreaking ceremony for the construction of a
manufacturing facility at HANSSIP. Source: VNA/SGT/VNS/VOV/Dtinews/SGGP/VGP/Hanoitimes |
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