It is anticipated that 2023 will be a challenging year for the world economy, including Vietnam. The question is how to overcome the upcoming headwinds.

HSBC increased its growth projection for Vietnam in 2022 from 7.6 per cent to 8.1 per cent. Despite describing 2022 as a year of rapid economic recovery and stating that Vietnam remains one of Asia’s leading growth economies, HSBC raised concerns about the economy’s risks in the coming years. Therefore, this bank predicts that Vietnam’s economic growth will be slowed, to only 5.8 per cent in 2023 rather than the previously predicted 6 per cent.

In fact, according to HSBC, after increasing by more than 17 per cent annually over the first three quarters of 2022, export growth slowed significantly in October 2022. November even saw a considerable reduction compared to the same period in the previous year.

According to the Ministry of Planning and Investment’s data, the country’s import-export turnover declined by 7.8 per cent in November compared to the same month in the previous year, when exports fell by 8.4 per cent.

The World Bank has raised concern as exports and domestic consumption, two key development drivers for Vietnam, have slowed. Ministry of Planning and Investment is likewise concerned about this, particularly when cash flow and liquidity issues make it difficult for companies to operate.

Vietnam’s economy faces several dangers and obstacles, particularly considering that the global economy is expected to become tougher in the next year. The American economic recession could significantly impact on the world economy, including Vietnam since the US is Vietnam’s largest export market.

While there are no strong indications that China may reopen its economy in the near future, Vietnam’s other main economic partner, Japan, has recently had inflation at a 40-year peak. The economy of Europe is also experiencing difficulties.

This situation poses a significant challenge for Vietnam since the miracle of exporting more than $700 billion in 2022 is likely to be disrupted. “The nation must prepare for the “hibernation period” of export”. HSBC commented.

(Source: Bao dau tu)

On December 25, Chan May Port Joint Stock Company cooperated with Hai An Transport and Stevedoring JSC (Hai An Company) to organize the opening of the first domestic container route at Chan May port, Phu Loc district, Thua Thien Hue province.

This event marks the opening of a new transport service route, promoting the development of logistics services and connecting Chan May seaport with domestic and international ports.

Potentials and advantages of Chan May Port

Chan May Port is a class-1 major general seaport of Vietnam and one of the seaports selected by the Asia Yacht Association to build a stopover for yachts in Southeast Asia.

The port is located between the two largest cities in the central region (Hue and Da Nang), a national key tourist area (Canh Duong – Lang Co – Hai Van – Bach Ma National Park), a national tourist town of Hue, a major tourist destination in Vietnam and the gateway to the East Sea, the closest and most convenient for regions in the East-West Economic Corridor.

At the opening ceremony, Chan May port welcomed the Hai An View container ship with a capacity of 1,577 TEUs, opening the Hai Phong – Chan May container transport service (Thua Thien Hue) – Ho Chi Minh City, routing 2 trips a week of Hai An Company. This event marked the opening of the first domestic container shipping service to Chan May.

Chan May port welcomed the Hai An View container ship with a capacity of 1,577 TEUs

Only 90km from Chan May Port, Phong Dien Viglacera Industrial Park is located in Phong Dien district, Thua Thien Hue province. This will be a favorable condition for goods import and export enterprises in the province as well as neighboring provinces and Laos to save freight costs.

With a total construction investment of up to VND 700 billion, Phong Dien Viglacera Industrial Park is a multi-industry, high-tech mixed industrial park, targeting low-polluting industries such as electronics, information technology, agro-forestry and aquatic products processing, food and beverage, textiles, construction materials, minerals mining and processing, sand mining and processing thanks to being located next to a quarry of good quality quartz sand with large reserves,…

Currently, the industrial park has a synchronous and modern system of technical infrastructure and services: internal traffic with main roads from 2-4 lanes, 22m to 33m wide, 110/22KV power supply provided from the national electricity grid, a water plant with a capacity of 11,000m3/day. Not only investing in the technical infrastructure of the industrial park, but Viglacera also demonstrates the social responsibility of the enterprise when it is expected to develop an urban area and housing area for workers right next to the industrial park in the future. The project contributes to solving the problem of accommodation for workers, indirectly supporting costs and creating abundant human resources for enterprises.

For more information, please contact:
VIGLACERA REAL ESTATE COMPANY
2nd floor, Viglacera Tower, No. 1 Thang Long Boulevard, Me Tri, Nam Tu Liem, Hanoi
Email: vir@viglaceraland.vn | Website: https://viglaceraip.com
Hotline: +84 888 25 22 88

From January 1, 2023, the seaport infrastructure fee for import and export goods transported by water to and from seaports in Hai Phong will be reduced by 50%.

Accordingly, at Hai Phong People’s Council meeting, term XVI, 9th session, the delegates voted unanimously to pass 35 resolutions: to amend and supplement Clause 2, Article 1 of Resolution No. 148/2016/NQ-HDND dated December 13, 2016 of the City People’s Council which regulates the fee, mode of collection, payment, management and use of fees for the use of infrastructure works, service works and public utilities in the area of Hai Phong seaport (seaport infrastructure fee for short). This is also one of the solutions to well perform the task of accelerating the renewal of the growth model and developing service activities for seaport and logistics activities in 2023.

The resolution takes effect from January 1, 2023 and Hai Phong People’s Committee is assigned to direct relevant departments, agencies and units to implement. This policy helps enterprises reduce a lot of pressure on costs.

(Source: Bao dau tu)

Viglacera Corporation – JSC with nearly 50 years of construction and development is one of the pioneering enterprises in the field of industrial park infrastructure investment, as well as attracting foreign investment.

With the advantage of being located in many provinces, Viglacera’s industrial parks offer diverse choices for investors. Viglacera has been and continues to develop new industrial parks with modern and synchronous technical-service infrastructure to meet the most stringent standards from Vietnamese and foreign enterprises.

In the new normal period, Viglacera quickly seized the opportunity to shift foreign investment into Vietnam when successfully organizing an investment promotion seminar in Korea and the United States in August 2022, attracting hundreds of foreign enterprises which want to invest in Vietnam. Thanks to useful information and the advantages of available land, complete, synchronous and modern infrastructure of Viglacera’s IPs, many enterprises quickly booked appointments to visit and survey Viglacera’s industrial parks in the third and fourth quarters of this year.

Industrial parks developed by Viglacera Corporation possess synchronous and modern infrastructure

Despite being heavily affected by the epidemic, Viglacera still focuses resources on investment implementation, compensation for site clearance, synchronous infrastructure construction to meet the requirements of available land for enterprises; strengthening the implementation of promotion activities at home and abroad to attract and catch the wave of secondary investors.

At the same time, Viglacera also invests in building a service ecosystem including housing for workers, cultural institutions… in industrial parks in many key projects; invests in service quality improvement, professional operation, and utility enhancement in industrial park projects.

Housing for workers and experts in Yen Phong Industrial Park

Currently, Viglacera Corporation – JSC has invested and developed 11 industrial zones in Vietnam and 01 economic zone in Cuba, attracting 15 billion USD of FDI capital from more than 300 domestic and foreign enterprises, including many large enterprises such as Samsung, Amkor, Hyosung, Anam Electronics, Canon,…

In the period of 2022 – 2023, according to the plan, the Corporation will survey and develop a number of new industrial parks in favorable locations, establish new legal entities to implement the projects in Phu Ninh Industrial Park 450 ha (Phu Tho); Dong Trieu Industrial Park 425 ha (Quang Ninh); Tay Pho Yen industrial, service and urban complex 900 ha (Thai Nguyen), of which 200 ha is urban and service land; Tran Yen industrial, urban and service complex 380 ha (Yen Bai), including 126 ha urban and service; Hoa Lac – Huu Lung Industrial Park (Lang Son) 560 ha.

It is expected that by the end of 2023, Viglacera will prepare to invest and deploy new investment of about 2,000 hectares of industrial park.

According to the orientation, by 2025, the Corporation will increase the total number of Viglacera industrial parks to 20 with over 10 new industrial parks with a total increasing area of about 2,000 – 3,000 hectares to develop the industrial land fund.

This is a step that confirms Viglacera’s position, vision and long-term strategy in investing and developing the system of industrial parks in Vietnam.