Hanoi boosts investment in industrial clusters

In an effort to take the lead in the post-pandemic economic recovery and development, Hanoi has stepped up investment in the development of industrial clusters.
Hanoi boosts investment in industrial clusters ảnh 1An industrial cluster in Hanoi (Illustrative photo: VNA)
Hanoi (VNA) - In an effort to take the lead in the post-pandemic economic recoveryand development, Hanoi has stepped up investment in the development ofindustrial clusters.

The move aims to attract more domestic and foreign investment, especially FDI.

According to figures from the municipal Department of Industry and Trade, thecapital is now home to 70 industrial clusters in 17 towns and districts on atotal area of 1,686 ha.

The clusters have attracted about 3,864 production and business facilities,generated jobs for more than 60,000 workers, and contributed around 1.1trillion VND (47.6 million USD) to budget funds.

In the long term, Hanoi needs a network of industrial clusters that can supportit in building modern, competitive, and environmentally-friendly industry.

It approved a plan in 2018 on industrial cluster development to 2020 and visiontowards 2030, covering 159 industrial clusters with a combined area of over3,200 ha.

This is the legal foundation for the city to build and expand its industrialclusters, thus forming a network.

Hanoi is now speeding up construction of technical infrastructure at 19clusters on a total area of 22 ha, which was approved in 2018-2019.

There remain certain limitations in the effort, however, as this is the firsttime the capital has realised Government Decree No 68/2017/ND-CP on industrialcluster management and development, dated May 25, 2017.

Meanwhile, the majority of the 25 clusters planned for this year are beingbuilt.

Tran Thi Phuong Lan, deputy director of the department, said it will continueto review industrial clusters in the city, call for more investors, and submitprojects to the municipal People’s Committee for approval.

As of September, the department had coordinated with other departments,agencies and district People’s Committees to assess nine clusters.

The assessments revealed difficulties and bottlenecks, mostly relating topolicies on land and site clearance and requiring drastic direction fromrelevant departments and agencies as well as the involvement of districtPeople’s Committees and businesses.

According to the city People’s Committee, apart from investment incentives, itis also necessary to push ahead with building technical infrastructure inindustrial clusters.

Hanoi has therefore issued a document in this regard, under which it prioritisesclean, automated, and environmentally-friendly technologies, while movingproduction facilities and craft villages away from residential areas toconcentrated production areas.

With such efforts, the department expects that targets set for 2020 and the2021-2025 period will be reached./.
VNA

See more

A graphic image of a new terminal of Phu Quoc International Airport (Photo: CPG Consultants)

Sun Group licensed to operate Sun PhuQuoc Airways

Sun PhuQuoc Airways has a total operating duration of 50 years, with an investment capital of 2.5 trillion VND (approximately 98.81 million USD). The airline's main operations hub is located at Van Don International Airport, Van Don district, Quang Ninh province.

Real estate bonds issued from June-December are expected to be worth about 79.77 trillion VND. (Photo: chinhphu.vn)

Real estate bond market rebounds in May

May also witnessed a significant volume of early redemptions. Businesses repurchased bonds worth about 15.86 trillion VND before maturity - an increase of 6.7 % compared to the same period in 2024.

Domestic fuel prices adjusted upward from 3pm on June 12. (Photo: VNA)

Fuel prices continue upward trend on June 12

The price of E5 RON92 petrol is now capped at 19,462 VND (0.75 USD) per litre, up 199 VND from the previous adjustment, while RON95-III costs no more than 19,967 VND per litre, up 269 VND.

Minister of Industry and Trade Nguyen Hong Dien (R) meets with Senator Roger Marshall. (Photo: VNA)

Vietnam ready to further open market for US exports: Minister

Regarding the ongoing negotiations on a Reciprocal Trade Agreement between the two countries, he emphasised that Vietnam remains consistent in its approach to the talks with the US, aiming for a bilateral agreement based on respect for sovereignty, independence, political system, harmonisation and balance of interests, as well as in line with international commitments and the development level of each country.