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INVESTMENTINDUSTRIAL ZONE

Nearly 150 billion USD poured into industrial and economic zones nationwide

Updated at Tuesday, 21 Jun 2016, 19:07
The Hanoitimes - According to the report of the Ministry of Planning and Investment, as of May this year, Vietnam has built about 313 industrial zones and 16 economic zones.
In particular, foreign investors have poured their capitals in Vietnam with the total registered capitals of nearly 148 billion USD in the industrial zones and economic zones, implemented 7,450 projects.
According to the Department for Economic Zones Management, in the first five months, Vietnam opened 313 industrial zones covering over 87,900ha hectares of land.
At present, some 219 industrial zones have been operational and 95 industrial parks have been developed in the country.
The total area of ​​industrial land that was already leased reached over 28,500ha, accounting for 49% of occupancy rate. The occupancy rate of industrial zones that has been put into operation, was nearly 70%.
According to the Department for Economic Zones Management, up to now, 16 economic zones have been established with the area of 814,792 hectares of water and land.

 
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Illustrative image
In May alone, the Ministry of Planning and Investment issued investment registration certificates for over 240 foreign investment projects and granted permission for 175 existing foreign projects to add their investments.
The total registered foreign investment in industrial parks increased to 5.1 billion USD, accounting for 66% of foreign direct investment in the country.
Meanwhile, in the first 5 months of the year, domestic investors have poured into 370 projects in industrial parks and economic zones with the total registered capital of 10,500 billion VND.
Most of investment projects were focused on the fields of high-grade garments manufacturing, auxiliary industries for mechanical industry and textiles.
The growth model for economic and industrial zones has played a significant role in attracting domestic and foreign direct investment, as well as furthering national development.
In 2015, total revenue of the economic and industrial zones nationwide reached 116 billion USD, revenue from exports reached 79 billion USD. The economic and industrial zones contributed 90,313 billion VND to the state budget and generated jobs for nearly 2.6 million local workers.
There have been noteworthy improvements in attracting foreign direct investment (FDI) in the processing and manufacturing sectors to the zones, both in terms of investment capital and the number of projects in recent years.
During the 2010-2014 period, FDI in the processing and manufacturing sectors accounted for approximately 7.7 billion USD per year on average, about four times higher than that in 2006. During this period, FDI increased year-on-year. 
Thu Minh
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