September 29, 2020

[Webinar] Manufacturing Shift from China – Are Vietnam’s Industrial Parks and Logistics Attractive Enough?

On September 29, EuroCham hosted a special webinar on “Manufacturing shift from China (continued..) Are Vietnam’s Industrial Parks and Logistics Attractive Enough?” with guest speakers Mr. Paul Tonkes, Director of Industrial and Logistic Services, Cushman & Wakefield and Ms. Shirakawa  Satoko, Director, International Business Advisory. 
With the second webinar about the topic of manufacturing shift from China, EuroCham was honoured to receive the support of Ns Bluescope Lysaght – The Australian Steel Solution Expert and Kizuna Vietnam.
        
Understanding the importance of the topic towards EuroCham members, EuroCham decided to organize a second webinar on this subject with more focus on industrial and logistics industries. The webinar was moderated by Mr. Sérgio Pereira Da Silva, Board Member of EuroCham and Chairman of CCIPV Vietnam, and was attended by more than 100 members from businesses, NGOs, and representatives of business associations.
      
Mr. Paul Tonkes, Director of Industrial and Logistic Services, Cushman & Wakefield opened the session with a discussion about Vietnam’s FDI market overview 2020. According to Mr. Tonkes, the total FDI of Vietnam in the first 9 months of 2020 is USD 21.1 billion – an increase of 18.9% YoY with 1,947 new projects approved which covers more than USD 10.36 billion. In Q2 of 2020 alone, Vietnam’s index of industrial production recorded a modest increase of 0.74% year-on-year, much lower than the growth of 9.2 % in Q2 2019 and 5.3% in 2020, due to strict COVID-19 social distancing policy in April 2020.
     
   
Mr. Tonkes also discussed Vietnam’s Industrial Market Overview, 1H 2020. Vietnam currently has 336 industrial parks with 261 IPs having come into operation and 75 IPs being under construction and site clearance. He also gave details about the market by regions in Vietnam.
In his presentation, Mr. Tonkes also stressed the rise of ASEAN and the pros and cons of industrial real estate in Vietnam. The global spread of COVID-19 has sparked a clarion call to diversity, with supply chains moving away from China. SEA, therefore, presents a viable alternative for manufacturers. Turning to the logistics real estate market in Vietnam, he also gave a deep analysis on the supply and demand together with a “SWOT” analysis of the market.
    
Ms. Shirakawa Satoko – Director of International Business Advisory – continued the presentation by giving an introduction to Kizuna Vietnam and some of the difficulties of attracting FDI that Vietnam is currently facing.
According to Ms. Shirakawa, Vietnam is one of few countries that achieved positive growth during the COVID-19 pandemic with economic growth expecting to slow sharply in 2020 to 4.8%. Vietnam’s garment and textile industry was most affected with exports down 15% YoY.
Besides the advantages that Vietnam has, it still faces many difficulties and problems such as language barriers, culture differences, law, financial difficulties and risk for investment. Ms. Satoko also analyzed a case study of a European firm investing in Vietnam with the pros and cons that they are facing.
   
    
At the end of the webinar, Ms. Satoko also provided a solution for quick, easy and efficient production in Vietnam through rental serviced factories. A rental serviced factory will support to save initial investment cost, time and reduce investment risk.
    
    
Later, in the Q&A session, participants discussed issues including whether North and South Vietnam would be more attractive to investors and many other questions relating to the importance topic.
   
    
Concluding the webinar, EuroCham board member Sérgio Pereira Da Silva thanked our speakers and all participants for joining the discussion.
He also thanked Ns Bluescope Lysaght – The Australian Steel Solution Expert and Kizuna Vietnam for supporting EuroCham in organizing the webinar. 
EuroCham will continue to keep our members updated on new developments in the business environment of Vietnam, so remember to follow us on social media and sign-up for our newsletter.

More News

See all

September 22, 2023

EuroCham Vietnam attended National Assembly’s Vietnam Socio-Economic Forum 2023: Reinforcing Internal Capacity for Sustainable Growth

Read more

September 22, 2023

EuroCham Medical Devices and Diagnostics Sector Committee (MDDSC) joined ASEAN Common Submission Dossier Template Workshop

Read more

September 22, 2023

EuroCham’s collaborative meetings with the EU Ambassador-Designate Julien Guerrier

Read more

September 22, 2023

EuroCham Vietnam extended a warm welcome to French Ambassador to Vietnam H.E .Olivier Brochet

Read more

September 22, 2023

EuroCham Vietnam joined a launch of the “Circular Economy & Pioneering Models” book

Read more

September 21, 2023

EuroCham Vietnam hosts an exclusive evening to welcome EU Ambassador-Designate to Vietnam

Read more

September 15, 2023

EuroCham engages in a productive dialogue with the Administrative Procedures Control Agency and Reform (ACAPR)

Read more

September 15, 2023

A resounding success: Vietnam International Sourcing Expo 2023 and the EU-VN Trade Forum

Read more

September 15, 2023

[Event recap] EuroCham Women in Business Sector Committee hosted successful Roundtable on Gender Pay gap with Fulbright Professor Graeme Walker

Read more

September 15, 2023

[Sector Committee spotlight] Food, Agri and Aqua Business Sector Committee (FAABS)

Read more

September 14, 2023

Ho Chi Minh City Economic Forum 2023 and the 100 CEOs -Tea Connect spotlight green growth and net zero initiatives

Read more

September 12, 2023

EuroCham Vietnam engages in key talks with Luxembourg delegation to bolster EU-Vietnam economic relations

Read more

September 08, 2023

EuroCham participates in an inaugural meeting of Government Taskforce on Administrative Reforms (APR)

Read more

September 08, 2023

[CORPORATE] First Bayer ForwardFarm of Southeast Asia launched in Vietnam

Read more

September 08, 2023

EuroCham contributes to a critical discussion on attracting foreign investment in high-technology and promoting technology transfer

Read more

September 07, 2023

EuroCham Food, Agri, and Aqua Business Sector Committee (FAABS) explores sustainable aquaculture solutions at Skretting Factory in Long An

Read more

August 31, 2023

EuroCham delegation visits Bac Giang to discuss EU-Vietnam business trends

Read more

August 25, 2023

EuroCham Green Growth Sector Committee spotlights blue-green infrastructure solutions

Read more

August 25, 2023

EuroCham Vietnam engages authorities and state-owned enterprises to drive green growth and spotlight GEF 2023

Read more

August 25, 2023

[SUPPORTED EVENT] Nestlé Vietnam – Innovation and sustainability bring competitive advantages in business

Read more

August 25, 2023

[Sector Committee spotlight] Legal Sector Committee (LSC)

Read more

August 24, 2023

EuroCham’s Tourism and Hospitality Sector Committee visits Binh Thuan to explore tourism promotion collaboration

Read more

August 24, 2023

[Event recap][Business Luncheon] Mid-year review and Forecast for the second half of the year On the Vietnamese Economy

Read more

August 24, 2023

[Event recap][Business Luncheon] Financial Trends 2023: Winning Financial Consumers During Uncertain Times

Read more

August 23, 2023

EuroCham delegation in Ben Tre province to discuss green growth opportunities

Read more

August 18, 2023

EuroCham meets with National Assembly to discuss stronger ties and cooperation

Read more

August 18, 2023

EuroCham weighs in on offshore wind at PDP8 implementation seminar

Read more

August 18, 2023

EuroCham meets with Hoa Binh Province to explore collaboration opportunities

Read more

August 18, 2023

MOIT and EuroCham map out key events to support EU-Vietnam trade

Read more

August 18, 2023

EuroCham recommends improvements to work permit and visa procedures in letter to Prime Minister on revising Decree 152

Read more

Pour une expérience optimale, veuillez tenir votre mobile à la verticale !

Platinum Partners

Gold Premium Partners

Gold Partners

Silver Partners

Premium Service Partners