More local and foreign investors are seeking investment opportunities inthe country's industrial, economic and export processing zones,underlining the need for these zones to improve their internalinfrastructure.
The assessment was made by head of the Ministry of Planning and Investment's Foreign Investment Agency Do Nhat Hoang.
Over the past 20 years, industrial, economic and export processingzones have become an attractive destination for investors, especiallyforeign ones.
As of early this year, the country's 280established industrial and export processing zones had drawn above 64.8billion USD in foreign direct investment (FDI), according to head of theministry's Economic Zones Management Department Vu Dai Thang.
Over half of the total had been already disbursed. Annually, FDIdeposited in these zones accounted for between 40 and 45 percent of thetotal FDI registered in the country, he revealed.
Thang suggestedthe zones focus on attracting advanced technology projects as well asthose that aim to strengthen industrial links between the zones.
Coastal economic zones have also seen increased interest from investors,he said, attracting 144 foreign-invested projects with capitaltotalling 38.4 billion USD.
These projects take up 40 percent of the zones' total area for industrial production, tourism and services, he added.
The export value of enterprises in industrial, economic and exportprocessing zones accounted for 25-30 percent of the national exportturnover in recent years.
But despite these encouraging achievements, many zones still find it difficult to attract FDI.
Chairman of the Foreign-Invested Enterprises Association Nguyen Maisaid the legal framework for managing and developing the zones remainedincomplete, and preferential policies had been revised several timesafter their issuance, resulting in difficulties for investors.
Other reasons cited were inadequate infrastructure, a shortage ofskilled workers and ineffective investment promotion programmes.-VNA
The assessment was made by head of the Ministry of Planning and Investment's Foreign Investment Agency Do Nhat Hoang.
Over the past 20 years, industrial, economic and export processingzones have become an attractive destination for investors, especiallyforeign ones.
As of early this year, the country's 280established industrial and export processing zones had drawn above 64.8billion USD in foreign direct investment (FDI), according to head of theministry's Economic Zones Management Department Vu Dai Thang.
Over half of the total had been already disbursed. Annually, FDIdeposited in these zones accounted for between 40 and 45 percent of thetotal FDI registered in the country, he revealed.
Thang suggestedthe zones focus on attracting advanced technology projects as well asthose that aim to strengthen industrial links between the zones.
Coastal economic zones have also seen increased interest from investors,he said, attracting 144 foreign-invested projects with capitaltotalling 38.4 billion USD.
These projects take up 40 percent of the zones' total area for industrial production, tourism and services, he added.
The export value of enterprises in industrial, economic and exportprocessing zones accounted for 25-30 percent of the national exportturnover in recent years.
But despite these encouraging achievements, many zones still find it difficult to attract FDI.
Chairman of the Foreign-Invested Enterprises Association Nguyen Maisaid the legal framework for managing and developing the zones remainedincomplete, and preferential policies had been revised several timesafter their issuance, resulting in difficulties for investors.
Other reasons cited were inadequate infrastructure, a shortage ofskilled workers and ineffective investment promotion programmes.-VNA
