MARKET SNAPSHOTS WEEK 46/2022
Gilimex invests VND 2,600 billion to build a 460 ha industrial park in Thua Thien Hue
On November 11th, Gilimex Industrial Park Joint Stock Company kicked off the construction of Gilimex Industrial Park in Huong Thuy Town, Thua Thien Hue Province. The project has a land use area of 460.85 hectares, a total investment capital of more than VND 2,600 billion, the number of workers attracting from 20,000 to 30,000 people. This industrial park is divided into 2 subdivisions A and B. Up to now, subdivision A has leveled 50% and completed the technical infrastructure 10%. It is expected to be completed and handed over to investors secondary in Q4/2022. After completing subdivision A, will conduct ground leveling and investment in technical infrastructure of subdivision B.
Japanese firms establish joint venture for an LNG project in Vietnam
Companies such as Japan's Tokyo Gas and Marubeni have partnered with Petro Vietnam Power and local machine maker Colavi to form a joint venture for a power-generating LNG project in Vietnam. The project is expected to be put into commercial operation in the second half of 2027.
Industrial park infrastructure projects in Thai Binh get green light
Deputy Prime Minister Le Van Thanh has approved investment in developing infrastructure at the Hai Long Industrial Park in northern Thai Binh province. The project is on nearly 297 ha in Tien Hai district, with a total investment of more than VND2 trillion ($80.5 million).
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HCMC proposes three options for Beltway 4 direction
The HCMC Department of Transport has proposed three options for the direction of the Beltway No. 4 project in the city to reduce site clearance and construction costs. The options have been sent to the HCMC People’s Committee for consideration after public-private partnership (PPP) has been chosen. Option 1 has half of the route section overlapping existing roads, options 2 and 3 show that ring road 4 will be separated from existing roads, shortening the length and saving more costs.
Vinh Long will build another trillion industrial cluster next to the wall of Can Tho city
On November 10, Vinh Long Provincial People's Committee has just decided to establish Thuan An industrial cluster.
Thuan An industrial cluster has a scale of 72.9 hectares in Thuan Tien C hamlet, Thuan An commune, Binh Minh town, invested by An 2 Thanh Thai Construction Company Limited. The total investment is 1,300 billion VND, 15% of the enterprise's capital and 85% of bank loans.
Government approves investment in Dong Nai expressway to Lam Dong
On November 10, Tan Phu - Bao Loc Expressway was approved with a total cost of 17,200 billion VND. According to the approval decision, the expressway project belongs to the group of Class A projects, invested in the form of public-private partnership by the joint venture of Deo Ca Group - Hung Thinh Group Joint Stock Company - South Central Group Company. Construction is expected to start in 2023 and be completed in 2026.