Meticulous prep at core of IZ protection 08:00 | 14/12/2020
WHA Industrial Zone 1-Nghe An
On the way of becoming a major manufacturing hub for electronics manufacturers, the country has been home to many multinational groups, such as Samsung, Intel, LG, and Microsoft. In addition, groups that have moved operations into Vietnam from elsewhere in the name of diversification include South Korean aerospace manufacturer Hanwha Aero Engines Co., Ltd., automotive components manufacturer Yokowo from Japan, and AirPods manufacturer Goertek.
Moreover, a recent surge in demand for new production plants has made the Vietnamâs industrial property market more vibrant than ever.
Industrial parks in major cities and provinces have been rapidly occupied, with average occupancy rates in key areas in the countryâs north and south sitting at over 92 and 80 per cent, respectively, at the end of 2019.