Bac Ninh leads industrial property supply in the north
The northern province of Bac Ninh remains a bright spot in the industrial property market in the north, taking the lead in supply and demand for industrial activities, said experts from Savills Vietnam.
Hanoi (VNA) – The northern province of Bac Ninhremains a bright spot in the industrial property market in the north, taking thelead in supply and demand for industrial activities, said experts from SavillsVietnam.
Despite COVID-19 pandemic,occupancy rate of industrial property in several provinces in northern keyeconomic region remains stable, amounting to 87 percent of the total and 20,567haup for lease, up 2.35 percent annually. Bac Ninh and Hanoi continue leading theregion.
With 15 projects, Bac Ninhled the northern key economic region with 5,797ha of industrial parks (IPs) andaverage occupancy rate of 99 percent. It also recorded the largest number ofapproved projects in the first quarter this year with five IPs to be built.
Its supply of factoriesand warehouses was also 10.25 percent higher than the country’s. It wasfollowed by Hai Phong with 7.61 percent, Hai Duong 4.78 percent and Thai Nguyen4.61 percent.
The capital city of Hanoiwitnessed a slight increase of 1 percent, reaching 91 percent in occupancy rate with13 projects, ranking second in the region, ahead of Hai Duong with 86 percent,Vinh Phuc and Hung Yen each 88 percent.
Manager of Savills VietnamIndustrial Services John Campbell expressed his belief that lease activitieswill be more effective next year with more supplies when social distancingorder in several areas is lifted.
Le Huy Dong, Manager ofIndustrial Services at Savills Hanoi highlighted huge potential of𓂃 IPs in thenorth as a number of new foreign-invested enterprises seek land at reasonablerent prices and areas with abu♓ndant supply of land./.
The northern province of Bac Ninh on August 24 held a meeting with a delegation of 50 local medical workers who will travel to Ho Chi Minh City to aid the southern hub's COVID-19 prevention and control work.
The People's Committee of Bac Ninh province has approved a programme on the development of supporting industries for the 2021 – 2025 period with total funding of nearly 154 billion VND.
The Republic of Korea’s Amkor Technology, Inc. will embark on the first-stage construction of its plant at Yen Phong II-C Industrial Park (IP) in the northern province of Bac Ninh in the first quarter of next year, said provincial authorities announced on November 5.
The Viglacera Real Estate Company and Amkor Technology, Inc., one of the world's largest providers of outsourced semiconductor packaging, design, and test services, have recently signed a contract in principle to lease land to build a project for manufacturing, assembling and testing semiconductor materials at Yen Phong II-C Industrial Park in the northern province of Bac Ninh.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
At a factory in Bac Ninh (Photo: VNA) 
