Investment Seminar “Building the Future”

6:24:53 PM | 10/21/2022

On October 20th and 21st, 2022, DEEP C Industrial Zones organized the investment seminar “Building the Future” on the occasion of its 25th anniversary, in cooperation with Haiphong Economic Zone Authority. The seminar aimed to exchange information with potential investors on Haiphong’s investment environment and to open up cooperation opportunities in the future. The seminar, which took place in 2 days, was attended by more than 400 guests from government agencies, business associations, businesses, and investors.

Speaking at the opening of the seminar, Mr. Le Trung Kien, Chairman of Hai Phong Economic Zone Authority encouraged investment projects with advanced technology, modern management, and high-added value that are able to connect global production and supply chains. He affirmed that Hai Phong is focusing on the development of transport infrastructure to promote the development of logistics services; in which, the seaport infrastructure is invested in a synchronous and modern direction, in line with the development trend of regional and international marine transportation. Modern deep-water terminals that are currently in operation will contribute to completing the goal of Vietnam's marine economic development strategy, meeting the needs of importing and exporting goods of the Northern region.

At the seminar, Hai Phong Economic Zone Authority granted the Investment Registration Certificate to a new client in DEEP C, Vietnam Advance Film Material Company Limited. The investor, First Global Business Company Limited, has decided to develop in DEEP C Haiphong II Industrial Zone a project of 7.2ha land plot to build a factory manufacturing wrapped film for solar panels, with an investment capital of 98 million USD.

Amid the complexity of the global context with many risks and uncertainties, experts from AHK Vietnam and Vietcombank are still upbeat about Vietnam's economic growth prospects.

From the perspective of foreign investors, Paul Tonkes, Industrial Deputy Director of Indochina Kajima Development (ICCK), the investor of the industrial and logistics facility development and operation platform Core5 Việt Nam, said: “Vietnam’s FDI success story is still very strong. Since the start of the Covid outbreak in early 2020, Vietnam’s ready-built factory market had been reliant primarily on existing manufacturers based in Vietnam as companies were unable to freely travel to assess the market and sites. Now with most borders opened, and restrictions removed, the pent-up demand is finally being released.”

Bruno Jaspaert, CEO of DEEP C Industrial Zones also said that DEEP C has around 1840 ha of leasable industrial land, but the demand for land lease by investors has rapidly increased to 2000 ha.  This means that we need to expand bigger and faster to accommodate more investors.”

At the seminar, Vadym Sheronov, Managing Director Vietnam highlighted:  tại Việt Nam của Royal HaskoningDHV nhấn mạnh: “Increasingly corporates are calling climate change an issue for their business.”

Thus, investors tends to seek for partners with the same standards of sustainable development, environmental protection and labor safety. This helps create a competitive advantage for industrial parks that target to transform into eco-industrial parks like DEEP C in attracting investors, especially investors in the high-tech sector.

DEEP C gradually implementing Environmental, Social and Governance (ESG) reporting standards as core criteria for its sustainable development strategy. DEEP C already incorporates the UN Sustainable Development Goals in its day-to-day operations. As a result, it committed to excluding all investors using coal-based processes, pledged to ensure that minimally 50 percent of its energy demand will be provided from renewable sources by 2030, and has been selected by UNIDO (United Nations Development Organization) and MPI as a pioneer for its new EIP industrial zone standard (Eco-Industrial Park).

About DEEP C Industrial Zones: DEEP C Industrial Zones ("DEEP C") is a cluster of industrial zones developed and operated by Infra Asia Investment Hong Kong, majorly owned by Belgian company Ackermans & van Haaren in Haiphong city and Quang Ninh province in Northern part of Vietnam.

Featuring a state-of-the-art industrial park, port facilities, utilities, and farm, DEEP C exemplifies a successful European investment in Vietnam. For the past 25 years, DEEP C constantly expanded its landbank to 3,400 hectares adjacent to Hai Phong's Cat Bi International Airport, Lach Huyen deep seaport, and extensive expressways, which form the backbone of the region's manufacturing boom. DEEP C has attracted nearly 140 projects representing 5 billion USD.

Source: Vietnam Business Forum