Thang Long II Industrial Zone (Under Pho Noi B Industrial Zone)

Located adjacent to Highway 5 (Hanoi – Hai Phong); 30 km from Hanoi, 70k m from Hai Phong port, 110km from Quang Ninh deep-water port.

Scale of land area:

345.2 hectares

In which: Stage 1: 219.6 hectares, 154 hectares of land area for rent

Stage 2: 125.6 hectares, 101 hectares of land area for rent.

Industrial zone technical infrastructure:

Stage 1:

Thang Long Industrial Zone II has completed the work of compensation, site clearance the whole land area of the industrial zone and has completed construction of technical infrastructure on an area of 154.4 hectares.

The system of internal road in the industrial zone, water supply and drainage systems, power supply, firefighting system, water supply plant with capacity of 4,500 m3/day and night and wastewater treatment plant with capacity of 3,000 m3/day and night have been completed and put into operation. Investors are actively investing in building infrastructure for the remaining part of the 65,3 hectares area.

Phase 2: In 2011, the Government has agreed to supplement Thang Long Industrial Zone II to the list of industrial zones that are expected to expand in 2015, with an area of 125.6 hectares. So far, investors are carrying out of compensation, site clearance and ground leveling to implement phase 2 according to the registered progress.

The sector attracting investment project:

Projects in the field of manufacturing of electronic products and precision engineering; the electronic engineering industry, transport machinery, light industry; industrial gas production.

Investment project attraction status:

By the end of 2012, industrial zone has received over 36 projects from Japan with a total investment of 1,040 million USD, including a number of projects with large-scale capital: the projects of Hoya Glass disk Company, Hamaden Company, Toyota, Kyocera Vietnam Co., Ltd… Currently, the total land area of Phase 1 is 106 hectares with occupancy rate of 70% of the land area which is capable for rent in phase 1 (106/154 hectares). In total registered projects, there are 21 projects went into operation, creating jobs for about 4,000 workers.

Owner of Thang Long II Industrial Zone:

Thang Long II Industrial Zone Co., Ltd

For more information, please contact ANT Consulting.

ANT Consulting is here to assist you from the outset; providing corporate intelligence, risk advisory, management consulting services that assist market entrance, and ensure efficient business start-up operation.  Our services are as following:

• Market Entry
• Tax Advice
• Legal Advice

We strive to save your cost by guiding you towards economical solutions that comply with local legislation and procedures. We support you through early logistic solutions and carry you through as your business grows.  We aim to bridge the gap between international best practices and local cultures and assist foreign companies and organizations entering Vietnam market to overcome commercial and regulatory issues.

We could be reached at email: ant@antconsult.vn or tel: +848 3520 2779 .  To learn more about us, please visit www.antconsult.vn

Read More

Market Entry

International corporations would face challenges to understand the Vietnam market in both commercial and regulatory terms. We aim to assist clients to fill that gap. Our market entry services cover a range of services that help the clients to do business in Vietnam in a cost effective ways through:

• Research and Due Diligence
• Trade Promotion
• Business Formation
• M&A Origination and Execution

We understand the challenges you are facing, and we help you with strategies that work best for you.

Let ANT Consulting help your business in Vietnam.

Read More

Trade Promotion

At ANT Consulting, we assist foreign organizations, corporations to promote trade in Vietnam.

In particular, we assist cients to identify potential partners, get details company and general industry reports and determine marketability of products or services.  At request, our consultants arrange personalied business matchmaking with Vietnam business partners leveraging on our customized market briefings, research and advice.  Further, an action plan could be developed to support client reaching agreements considering both commercial and legal aspects.

We keep regular contact with foreign trade promotion organizations globally i.e. Finpro, Enterprise Ireland, trAIDe, and other organizations and make ourselves available for their requests to assist business leaders of enterprises from those countries to come and visit Vietnam for trade promotion purposes.

Read More

Korean Investors Poured Capital into Vietnam Banks

Japan-Vietnam economic cooperation will form a new value chain

From the beginning of this year, financial investors from Korea have actively sought opportunities to enter Vietnam banking market, especially the consumer finance segment. One typical example is the Lotte Card is negotiating to acquire Techcom Finance.

Recently, Techcombank has approved the contract and transaction documents related to the sale of 100% stake in Techcom Finance. The partner who is negotiating to buy back is Lotte Card – a subsidiary of the Lotte Group. If the deal is approved, Lotte Card will be the first Korean card company presenting in Vietnam, offering installment loan services, consumer credit cards…

Currently, consumer lending is an attractive market, bringing the profit of tens billion VND for financial companies in Vietnam market, of which FE Credit is outstanding. However, according to VP Bank’s General Director – the bank owns FE Credit, consumer lending has been saturated, lending cash despite good growth, but lending through cards is trend of the future. This is the direction that FE Credit is promoting.

According to the State Bank of Vietnam (SBV), although transaction through card is still modest, the trend to spend using credit card has been increasing sharply, especially in the context that the Government is promoting the non-cash payment scheme.

Lotte Card entered the Vietnam card market this time is very timely. Not to mention, the company also has the support of the customer force of the Lotte Group, which has rooted in Vietnam for more than 10 years. According to a bank expert, with the potential of Korean investors, Lotte Card will soon expand its operations in Vietnam.

Not only Lotte Card but many financial investors from Korea are continuing to seek opportunities in the financial market of Vietnam. From the beginning of the year, 3 Korean banks have cooperated with banks and insurance companies in the country.

Specifically, in July 2017, Daegu Bank signed a comprehensive cooperation with OCB. Prior to that, the Korea Development Bank (KDB) signed a comprehensive cooperation agreement with BIDV, while Woori Bank Vietnam signed a cooperation agreement with the Post Insurance Corporation (PTI).

Currently in Vietnam, there are two banks with 100% Korean capital (among 8 banks with 100% foreign capital), which are Shinhan Bank and Woori Bank. In addition, many other large banks in Korea have established branches and representative offices in Vietnam, such as KEB Hana, Industrial Bank of Korea, Kookmin, Busan, Nonghyup, Agricultural Bank of Korea. Korean banks are ranked number one among foreign investors present in the banking market of Vietnam.

With good service, low interest rates, favorable lending conditions, banks and finance companies from Korea such as Shinhan, Woori, coming here is Lotte Card… will also threaten the retail market share of many domestic banks. Even with corporate lending, if there is no reform measure, the large banks in the country will also let customers fall into the hands of the Korean banks. Not long ago, leaders of Keximbank Korea have expressed their intention to provide credit for the metro lines in Ho Chi Minh City, especially the 4b-1 metro line to Tan Son Nhat International Airport.

The wave of investment from Korea to the financial sector of Vietnam has not showing signs to stop. The experts warn that domestic banks need to strengthen the “defensive” capabilities. With the advantages of cheap capital, modern technology, understand the Vietnam market, strong customer force…, surely Korean banks will be formidable opponents of Vietnamese banks.

Read More

Passing Thailand, Singapore, Vietnam Leads the Region in The PMI Index

Japan-Vietnam economic cooperation will form a new value chain

In terms of PMI index, Vietnam has passed Thailand and Singapore. In shows that Vietnam business environment has been strongly improved.

Vietnam’s Purchasing Managers’ Index (PMI) has risen from 51.8 in August to 53.3 in September. Nikkei evaluated that the business conditions of the month had a strong improvement, achieving the best speed since April. Accordingly, the health of this field is positive during the past 22 months.

Ranking the countries according to the PMI index of the month, Vietnam continued to lead the overall growth list with the PMI index rising to a high in September. The Philippines advanced to the second position with 50.8 points, although overall growth is still light.

Indonesia with 50.4 points indicates that business conditions continue to be improved while Thailand has rebounded to 50.3 points after a decline in the previous two months. After the improvement last month, Malaysia (49.9 points) recorded almost unchanged production conditions in September. Meanwhile Singapore (48.6 points) fell into the decline. Myanmar (49.4 points) continue to have weak business conditions, although the speed of decline is light.

Analyzing the reasons for growth in Vietnam, according to the Nikkei, customer demand increased and new orders increase as a result. This is the most significant increase in 5 months. Order growth rate also improved sharply in September.

Thanks for that, inventories also fell for the third month in a row, the biggest drop since July.

Production output of Vietnam has also increased in 11 consecutive months. All three areas of the market have increased production, led by companies producing consumer goods.

In terms of input costs, Nikkei noted that due to rising raw material prices, including raw materials from China, input costs rise significantly, the strongest since May 2011. Therefore, in September 2017, for the first time in 5 months, companies must increase output prices.

According to Mr Andrew Harker from IHS Markit, the company that collected the survey results evaluated that the third quarter ended with a positive note for Vietnamese producers. As a result, manufacturers may continue to grow in the last quarter. Nevertheless, he noted that Vietnam should be cautious as inflationary pressures reappeared.

Read More

Foreign Investment in Hanoi Increased Strongly

Foreign direct investment (FDI) into Hanoi is increasing in both quantity and quality. Foreign investors have gradually believed in the decision to set up business in Vietnam.

Unlike many other localities in the country with large FDI projects such as billion-dollar manufacturing complex, Hanoi is much quieter in attracting FDI. But the reality is different. According to the statistics from the Foreign Investment Agency (Ministry of Planning and Investment), up to the end of May 2017, Hanoi still ranked at the 4thplace among provinces attracting the most FDI with over 26.2 billion USD.

If we list the large-scale FDI projects registered in Vietnam since the beginning of 2017, Hanoi can contribute 3 projects, first is Aeon Mall Ha Dong with registered capital of 192.51 million USD. The next is Coca-Cola Vietnam’s 319.8 million USD capital increase project and 72 million USD Park City project.

Last year, a series of FDI projects poured into Hanoi. For example, the project to invest in the purchase and operation of technical system, equipment, technology, software and trading of lottery elective named “Vietlott” (210 million USD); Vietnamobile Company increased its capital (208 million USD); or Vietnam Public Bank project (134 million USD) …

Not to mention, Hanoi has attracted Samsung’s 300 million USD Center for Research and Development (R&D). This proves that the quality of FDI inflows into Hanoi has been improved.

According to information from the Hanoi Department of Planning and Investment, the city is working hard to improve the investment environment to attract more investment capital both at home and abroad. Many solutions have been mentioned, such as facilitating access to land, land use, land for investment and business; improve the efficiency of administration, administrative reform, improve the investment environment; promoting and enhancing the effectiveness of investment promotion activities…

Good news for Hanoi is that the Prime Minister has officially issued a separate Decree allowing the implementation of separate mechanism for the Hoa Lac Hi-Tech Park. For example, allowing investment projects in Hoa Lac Hi-Tech Park to enjoy the highest incentives in accordance with the law of Vietnam, allowing the application of the one-door mechanism, prioritizing the allocation of land funds to develop housing for employees… This is also an opportunity for Hanoi to attract investment in hi-tech sectors, attracting investment from multinational corporations – a priority orientation for FDI attraction identified by Hanoi for many years.

In addition, Hanoi also determines to encourage the development of supporting industries, biotechnology, using modern technology, friendly with the environment; projects in the field of information technology, agricultural development, food safety… And especially, large-scale infrastructure projects.

Without hesitation, Hanoi has frankly expressed the desire that Japanese investors will invest in urban railway projects, investment projects to build bridges spanning the Red River, ring routes, metro lines, underground parking lots, satellite urban areas…

Not only FDI capital, calling for investment in these projects also means that Hanoi also determined to promote investment in the form of public-private partnerships (PPP). In the first 6 months, Hanoi has attracted 24 PPP projects, with a total investment of 32.103 billion USD. A very promising shift, promising that in the coming time, there will be strong waves of investment poured into Hanoi.

Read More

Quang Ninh Calls for Investors in Tourism Real Estate

Quang Ninh is becoming an open destination for tourism investors to come and set up business in Vietnam.

With the land area and sea surface of over 12,000 square kilometers, the topography of more than 2,000 islands spread over 250 kilometers of coastal lines, Quang Ninh is considered as a “small Vietnam” with the potential to develop green tourism. Therefore, it is not surprising that many travel experts perceive Quang Ninh is blessed with special values.

The first highlight of the Quang Ninh tourism journey is Ha Long Bay – the world natural heritage, the most typical and unique island in the island’s integrated marine tourism system. This system stretches 250 kilometers of sea route, linking Ha Long – Bai Tu Long – Van Don island – Bai Tu Long National Park – Co To island – Vinh Thuc island – Tra Co beach with Cat Ba National Forest (the World Biosphere Reserve) and the marine resources system of Hai Phong city. These remarkable advantages make Ha Long Bay along with Cat Ba, Do Son (Hai Phong) are prioritized to develop into national tourist area.

Along with Ha Long Bay, places like Quan Lan, Minh Chau, Ngoc Vung, Bai Dai, Van Hai white sand mine… (in Van Don island district); or Tra Co, Vinh Thuc (in Mong Cai city) … with beautiful beaches, natural forests, intact coral reefs around the islands, offshore locations, have created special values of Quang Ninh tourism.

In addition to natural advantages, Quang Ninh is the only province with land and sea borders with China, an important and vibrant trade gateway between Vietnam, China and ASEAN countries. That is why large investors want to choose Quang Ninh. From the end of 2013 up to now, Quang Ninh has attracted more than 100 projects with total investment capital of more than 5.5 billion USD, nearly half of capital concentrated in Ha Long city, of which the strong investment waves mostly focus on the field of tourism.

There is not only the presence of Vietnamese investors such as Tuan Chau, Vingroup, Sun Group, FLC…, the attractiveness of Quang Ninh is also reflected in the presence of billion-dollar-super-projects of giants investors from United States, China, Thailand, United Arab Emirates… The famous names such as Wyndham, Starwood, ISC Corp, Amata, Nakheel… have landed in Ha Long with huge investment plan.

In the development plan, Quang Ninh is calling for investment in 14 large-scale eco-tourism real estate projects (period 2016 – 2020) and many other projects to develop 4 major tourism centers: Ha Long; Mong Cai – Tra Co; Van Don – Co To; Uong Bi – Dong Trieu – Quang Yen.

Standing in the top on tourism investment attraction, the keys that help Quang Ninh to balance its economic benefits and resource conservation are unified planning, consistent development and a clear view on investment attraction.

Read More