Hanoi – The occupancy rate of operational industrial parks (IPs) across the nation hit 73 percent in 2018, the Ministry of Planning and Investment’s Department of Economic Zone Management has said.
As of the end of 2018, the country had 17 coastal economic zones (EZs) established on a total land and water area of over 845,000ha. In addition, plans have been outlined to build the Nhan Co EZ in Nam Dinh province.
Currently, there are 326 IPs across 63 cities and provinces, 250 of which are operational. The rest are under construction or awaiting land clearance.
More than 87 percent of the active IPs had their own waste water disposal plants with a capacity of 950,000 cubic metres per day.
The total registered and adjusted capital of the 1,060 foreign investment projects at all IPs and EZs was reported at 8.3 billion USD at the end of 2017. By December 2018, IPs and EZs nationwide attracted 7,500 domestic projects worth a total of 970 trillion VND (41.75 billion USD), and some 8,000 foreign projects with the total capital of over 145 billion USD.
In an effort to improve efficiency of IPs and processing zones, the Department of Economic Zone Management will complete a legal framework to lure more domestic and foreign investments, ensuring that they fit local potential and socio-economic development orientation.
Amendments should be made to assure clearer and more transparent investment procedures, the department said, adding that prudent assessment is a must to choosing quality projects which make contributions to state budget, improving the quality of human resources, and protecting the environment.
The department will study and propose that competent authorities build and issue a law on industrial parks.