By Dat Nguyen November 18, 2020 | 08:37 am GMT+7 vnexpressAn aerial view of the Vietnam-Singapore Industrial Parks in southern Binh Duong Province. Photo courtesy of Becamex IDC Corp.Chinese manufacturing companies accounted for 88 percent of $1.57 billion poured into Vietnam’s industrial parks in the first nine months, showing an increasing shifting trend to Vietnam.
Among 20 key investments in the north and south regions, 15 were made by companies from mainland China, Taiwan or Hong Kong, according to a recent report by real estate consultancy Savills.
Companies from Hong Kong participated in eight deals with a total investment of nearly $700 million, while those from mainland China were involved in four deals worth over $300 million.
Companies from Taiwan invested in three deals worth $380 million in the north.
The biggest investments include the $333 million of Taiwanese electronics producer Wistron Corporation and its subsidiary. Wistron is a major laptop producer that has secured land in the northern province of Ha Nam.
The other Chinese companies were in the sectors of electronics, textile and garment, plastic, rubber, and paper.
Among the remaining five non-Chinese investments, two were from Singapore and the rest from Thailand, Japan and South Korea.
Vietnam is seeing rising demand for industrial land amid the establishment and expansion of multinationals as they seek to diversify their supply chains.
The country’s 280 industrial parks posted an occupancy of 70.1 percent in the first 10 months, and another 89 parks are being constructed, according to the Ministry of Planning and Investment.
Data from Savills shows that industrial parks in the northern Bac Ninh Province, the southern Dong Nai and Binh Duong Province are recording high occupancy rate of 94-99 percent, showing a need for an increase in supply.Related News:
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I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn.
I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC. I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters. I have founded and managed businesses for me and my family, both law and non-law.
I have published many articles on national newspapers and radio stations in Việt Nam.
In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship.
Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam.
I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN.
I study and teach the Bible and Buddhism. In 2009 I founded and still manage dotchuoinon.com on positive thinking and two other blogs on Buddhism. In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development (cvdvn.net).
I study the art of leadership with many friends who are religious, business and government leaders from many countries.
In October 2011 Phu Nu Publishing House in Hanoi published my book "Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống).
In December 2013 Phu Nu Publishing House published my book "10 Core Values for Success".
I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.
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