VIETNAM’S LEADING FOR-RENT
INDUSTRIAL DEVELOPER
Q1
2020
VIETNAM’S LEADING FOR-RENT
INDUSTRIAL DEVELOPER
Dear valued brokers,
First of all, we would like to express our gratitude of having you as a part of our BW community. Thank you for your trust and support. Our tenants throughout the country have introduced the world to products made in Vietnam - helping the “Made in Vietnam” brand to become more recognized worldwide.
Secondly, we are thrilled to share with you that in 2019, BW Industrial Development JSC has expanded our team of experts and secured a significant 380-hectare land bank in 14 locations and 7 key industrial cities across the country while engaging with 69 tenants from 13 countries and territories. In 2020, our even more numerous options and direct access to global supply chains mean that we can deliver more international-standard warehouses and factory platforms than ever before.
We are aware of the challenges brought by the global outbreak of coronavirus (COVID -19). We wish its impacts to the economy is temporary as the Vietnamese government has shown strong effectiveness in responding to COVID -19. With the correct measures in place, a crisis can also bring opportunities. For us, we have certainly seen the positive sentiment that business leaders around the world now have for this impressive country.
Together, we’ll be stronger!
Michael Chan
Head of Sales, Marketing and Customer Service
BW INTERNAL NEWS
Heath and hygiene training for workers at Bau Bang & My Phuoc 3 on first day of work after Tet Holiday - organized by BW Facility Management and Project Management Team.
Workers are required to wear face masks and to have their temperature checked with an infrared thermometer before entering any BW sites.
SITE AVAILABILITY
READY-BUILT FACTORY
(Latest update as of March 3, 2020, please check with your favorite sales representative before confirming with your client).
BAU BANG - BINH DUONG
| PHASE 1,2 | PHASE 3,4,5,6,7 | |
|---|---|---|
| BW’s land area | 7.2 ha | 27.8 ha |
| Tentative construction finish |
06/19 | 04/20 |
| Available GFA | Fully occupied | 121,091 sqm. |
MY PHUOC 3 - BINH DUONG
| PHASE 1 + RBF C13 | PHASE 2 | PHASE 3 | PHASE 4,5,6 | |
|---|---|---|---|---|
| BW’s land area | 4.5 ha | 3.7 ha | 3.2 ha | 12.2 ha |
| Tentative construction finish |
06/19 | 07/19 | 12/19 | 05/20 |
| Available GFA | Fully occupied. | Fully occupied. | Fully occupied. | 74,817 sqm. |
VSIP HAI DUONG - HAI DUONG
| PHASE 1 | PHASE 2 | |
|---|---|---|
| BW’s land area | 41,911 sqm. | 79,714 sqm. |
| Tentative construction finish |
05/20 | 12/20 |
| Available GFA | 4,296 sqm. | 46,938 sqm. |
VSIP HAI PHONG - HAI PHONG
| PHASE 1 | PHASE 2 | PHASE 3 | |
|---|---|---|---|
| BW’s land area | 32,829 sqm. | 26,442 sqm. | 82,842 sqm. |
| Tentative construction finish |
03/20 | 12/20 | N/A |
| Available GFA | 1,442 sqm. | 15,468 sqm. | N/A |
VSIP BAC NINH - BAC NINH
| PHASE 1 | |
|---|---|
| BW’s land area | 38,000 sqm. |
| Tentative construction finish |
07/19 |
| Available GFA | 1,443 sqm. |
BUILT-TO-SUIT WAREHOUSE
TAN PHU TRUNG - HO CHI MINH CITY
| PLOT 1 | PLOT 2 | |
|---|---|---|
| BW’s land area | 46,620 sqm. | 41,342 sqm. |
| Tentative construction finish |
03/20 | 06/20 |
| Available GFA | Fully occupied. | Fully occupied. |
STANDARD COMMERCIAL TERM
| STANDARD FITOUT | |
|---|---|
| GFA (sqm.) | Minimum 500 sqm. We also offer built-to-suit for requirement 10,000+ sqm. |
| Lease Term (year) | Minimum 3 years – 10 years |
| Security Deposit | 06 months of gross rent |
INDUSTRY HIGHLIGHTS
(Follow link to read full articles)
VIETNAM BUSINESS ENVIRONMENT
MANUFACTURING
LEGAL UPDATES
We would like inform you about legal updates regarding labor, CO and competition law. Follow link to read full articles
HR & LABOR
EVFTA – TARIFF AND ITS REDUCTION SCHEDULE
The long-awaited EVFTA has finally been ratified by the EU parliament after many years of negotiation. Please take a look at the below tips to the know tenant’s tariff and its reduction schedule.
STEP 1 – FIND “HS CODE”
STEP 2 – FIND OUT TARIFF REDUCTION CATEGORY
STEP 3 – CONFIRM TARIFF REDUCTION SCHEDULES
Look up which tariff reduction regulations apply to the defined HS code categories by following the link
TENANT TALK CORNER
Kim Moon Tae
General Director
of Kammi Vina
Kammi-Vina is a South Korean textile manufacturer and 100% of our products are exported to South Korea. When we first came to Vietnam, we were pleasantly surprised to find out that Vietnamese people are very intelligent and able to learn things quickly. Also, the average wage in Vietnam is very competitive compared to other Southeast Asian countries.
In order to attract a quality labor force, we have invested in automatic production lines that give more flexibility and comfort to workers. We also provide extra benefits such as a high-quality lunch menu.
So far, as business goes smoothly, we expect profits within six months after starting operation. In addition, we have a plan to expand our production capacity in coming months.
Yotaro Kanamori
General Director
of Genepa Vietnam
We are one of the largest woodwork makers in Japan and had our primary production facility in Qingdao, China. Since September 2019, we have successfully shifted 80% of our production to Bau Bang, Binh Duong. Right now, we feel lucky that our factory in Vietnam can still be in operation during the global coronavirus outbreak.
Most importantly, our export quantity to major markets like the United States has not been seriously impacted. Meanwhile, delivery delays and quantity defects by suppliers have had a partial impact on production.
Now, we are searching for alternative materials in Vietnam while hoping that everything gets under control in China within this quarter.
