Illustrative image (Source: VNA) Sectors to be prioritised include partsupplies, electronics and mechanics industries.
The Management Board of Industrial andProcessing Zones said the focus would be on speeding up land clearance andimproving infrastructure to make Hanoi an attractive destination for largeinvestors.
One of the difficulties was the limitedavailable land in the capital city, according to the management board. Therewere 13ha of vacant land in Quang Minh Industrial Zone, 25ha in Phu NghiaIndustrial Zone and 36ha in south Hanoi available for investment this year.
Le Hong Thang, director of the municipalDepartment of Industry and Trade, said attracting investment in the capitalcity’s industrial clusters continued to be a struggle due to high investmentcosts, even as investors in clusters were mainly of a smaller scale.
According to Pham Khac Tuan, head of themanagement board, municipal authorities had pledged to hasten administrativereform and improve investment climate to attract capital for industrial zonesand clusters.
The capital city would also focus ondeveloping the labour force in localities around and near the industrial zonesand clusters as well as creating favourable conditions to boost the partsupplies industry through business-to-bank and business-to-business connectingprogrammes.
The city would give priority to high-tech,environmentally-friendly investment and products of high added value and thosethat could compete with others in the market.
According to the Department of Industry andTrade, the city has developed or is in the process of developing 19 industrialzones with total area of nearly 525ha, together with 110 industrial clusters,totaling 3,000ha.
The department proposed another nineindustrial clusters be developed by 2020 and 18 more by 2030, noting thatcompleting the infrastructure system was of great importance.
In addition, the department proposed toexempt land use fees in the first stage for investors as well as providesupport to investors in treating waste at industrial zones and clusters.
In the first five months of this year,industrial zones and clusters in the capital city attracted seven new projects,worth more than 44 million USD in registered capital, and expanded six existingprojects, worth 18.5 million USD.
To date, Hanoi has attracted 629 projects inindustrial zones and clusters with total registered capital of 5.9 billion USD.More than half of the projects were foreign-invested, worth 5.34 billion USD.-VNA
VNA
