Goods unloaded at Hai Phong International Container Terminal (Source: VNA) Hanoi (VNA) – The total value offoreign and domestic investments in industrial and economic zones nationwide fellslightly in the first half of 2018.
According to a report by the Department forEconomic Zones Management under the Ministry of Planning and Investment,Vietnamese industrial and economic zones attracted foreign direct capital in 445projects worth nearly 7 billion USD and domestic direct investment in 259projects worth 46 trillion VND (2.024 billion USD).
The fall in investment capital is due tofewer big-scale projects than the same period last year.
In the first half of 2017, Prime MinisterNguyen Xuan Phuc approved several big projects, including Hoa Phat group’s 60-trillion-VND(2.64 billion USD) steel production plant in the Dung Quat economic zone (QuangNgai) and Samsung Display Vietnam’s expansion of its plant in the Yen Phongindustrial park (Bac Ninh), which cost 2.5 billion USD.
Major projects in the first half of 2018 includeda 1.2-billion-USD project on building a Polypropylene plant and undergroundstorage system of Liquefied Petroleum Gas inside the Cai Mep industrial park(Ba Ria – Vung Tau).
Other key projects in the period were LagunaLtd’s addition of 1.12 billion USD to its existing project within the Chan May– Lang Co economic zone (Thua Thien – Hue) and the Ramatex Nam Dinhtextile-garment factory valued at 80 million USD in Bao Minh industrial park,Nam Dinh province.
In the first six months of 2018, authoritiesrevoked the investment licence of Thu Thua industrial park in Long An provinceand approved proposals on building three more IPs which are Song Khoai, Yen Myand Nam Tan Uyen industrial parks respectively located in Quang Ninh, Hung Yenand Binh Duong provinces.
To date, the country has 325 industrial parks,of which 231 are operational. The occupancy rate of operational IPs averagesmore than 73 percent.-VNA
VNA
