Industrial park finance group signs agreements with eight strategic partners

The signing ceremony was held at VIPFA's office in Hanoi. The strategic partners include foreign investors, investment funds, technology solution providers for industrial parks (IPs), and industrial real estate developers from Australia, Japan, South Korea, China, Hong Kong, and Vietnam that are already operating in the country and have ambitions to expand.

According to the agreement, VIPFA, on behalf of a grassroots organisation under the Vietnam Financial Consultants' Association (VFCA), will strengthen investment promotions to drive the effective development of IPs in Vietnam. At the same time, VIPFA will provide timely updates on market data, legal changes, and regulatory guidance to help members make informed business decisions.

VIPFA will promote its role as a reliable point of contact for investors and partners to connect supply and demand for investment and finance for organisations, units, and individuals operating in IPs.

In addition, VIPFA will represent the community of industrial park enterprises to advise state management agencies on how to develop policies and resolve difficulties in investment, finance, tax, and customs for industrial real estate developers and their tenants in Vietnam.

The strategic partners will take advantage of their strengths to share experience of managing enterprises in IPs, exchange new international investment trends, offer updates about the conversion of existing traditional IPs and investment in new ecological IPs.

The partners will also introduce new financial resources and technology for new and deeper investment in IPs in Vietnam. In addition, the parties will hold investment promotions both on-site and overseas, as well as training courses to improve the awareness of industrial park developers and their tenants in sectors such as investment policy, tax, and customs.

Phan Huu Thang, president of VIPFA

“We are united by a common goal to navigate the challenges of the global market, emerging technologies, and environmental concerns while fostering growth and innovation. Despite the difficulties we face, our efforts are vital not only for Vietnam's economic and social progress but for the broader Asian economy, which includes VIPFA members and the foreign-invested enterprises that have found a home in Vietnam,” said Phan Huu Thang, president of VIPFA.

“VIPFA has created an environment where members can connect, collaborate, and share experiences – both the triumphs and the setbacks. Here, you have the opportunity to engage with industry leaders across various sectors, all of whom are eager to exchange ideas and insights. VIPFA is proud to be a trusted bridge between the government and the business community, offering valuable resources, updates on investment laws, and support for addressing the challenges faced by businesses operating in Vietnam,” he added.

Ko Tae Yeon, general director of Heesung Electronics Vietnam It is good to have an association with VIPFA to get investment and updated information, which is essential to know for investment and business operations in Vietnam. Sometimes, it is very difficult for foreign investors to get updated policy and tax information on time. I believe VIPFA can do these roles for investors in IPs and EZ. Heesung Electronics, as additional investment is under processing, has received some advice from VIPFA's experts, and it was very helpful in deciding on additional investment. I hope VIPFA sets up a digitally integrated information system for both industrial developers and their tenants to join together to gain additional value. After signing the strategic agreement, we are planning to cooperate with VIPFA to hold training courses for our staff relating to tax to enhance their awareness about this subject. Especially, our company is facing barriers relating to the Global Minimum Tax issue, so I do think we can mutually cooperate to solve the problem smoothly. I would like VIPFA to set up a digital information board and hold networking activities to expose the association's activities to related leaders. Zhou Heng, director of ONETOP TECH Co., Ltd VIPFA has a good platform which is a grassroots organisation under the VFCA, gathering and representing units, organisations, and individuals operating in industrial park finance and economics, belonging to all economic sectors in Vietnam. We believe that our customers will receive useful support during their investment process in the country. One of the biggest concerns of foreign investors when investing in Vietnam is the legal risks. For example, many of our customers arrive in Vietnam to invest in the country for the first time, but they do not have an in-depth understanding of Vietnam's regulations and policies, and as a result, they easily encounter legal risks. If they have professional support from VIPFA, they will feel more secure in their decisions. After the signing of the strategic cooperation deal, ONETOP TECH will introduce new resources to serve the development of IPs in Vietnam, and simultaneously introduce and connect businesses from Chinese associations with domestic businesses.

Vietnam Industrial Park Finance Association sets out direction in debut congress The Vietnam Industrial Parks Finance Association (VIPFA) officially organized its first-term congress (2024-2029) on March 25 with the participation of more than 200 delegates.

DVL Ventures and FDI Vietnam ink agreement on legal consultancy for investors DVL Ventures Investment JSC on April 23, signed a cooperation agreement with FDI Vietnam JSC to implement investment promotion, merger and acquisition (M&A) deals, and provide legal consultancy services for a range of investors.

Hung Yen develops industrial parks to accommodate investment waves Hung Yen province is sparing no efforts to build and expand its industrial parks to best serve investors.

Ha Tinh to accelerate thermal power and industrial ventures The central province of Ha Tinh wants to accelerate the construction of the Vung Ang II thermal power plant, Vingroup's electric vehicle battery factory, and a Vietnam-Singapore Industrial Park (VSIP) by the end of the year.

Southeast region expands industrial land for foreign investors Many localities in Vietnam's southeast are expanding industrial park planning, creating momentum for attracting foreign capital in the context of the region is running out of related land.