IZs, EZs attract 4.3 billion USD in January-May

Industrial zones (IZs) and economic zones (EZs) attracted 390 foreign-invested projects with a total registered capital of 4.3 billion USD in the first five months of this year, according to the latest updates of the Ministry of Planning and Investment.
IZs, EZs attract 4.3 billion USD in January-May ảnh 1A view of Dung Quat Economic Zone (Photo: vtv.vn)

Hanoi (VNS/VNA)— Industrial zones (IZs) and economic zones (EZs) attracted 390foreign-invested projects with a total registered capital of 4.3 billion USD inthe first five months of this year, according to the latest updates of theMinistry of Planning and Investment.

So far, there have been 9,850 FDIprojects in the IZs and EZs nationwide with a total registered capital of 195billion USD, more than 70 percent of which has been disbursed.

Besides, a sum worth about 46trillion VND (1.98 billion USD) in domestic investment was registered to bepoured into 295 projects in IZs and EZs in January-May, bringing the totalnumber of domestic-invested projects to 9,650 with a total registered capitalof 2.3 quadrillion VND.

The disbursement rate of domestic capital was around 45percent.

The reportof IZs and EZs management board showed that companies in IZs and EZsstrove to maintain production and business despite the impact of theCOVID-19 pandemic which caused a year-on-year drop of 8 percent in the totalrevenue to 81 billion USD in the firstfive months of this year.

However,their export revenue rose by 4 percent to 58 billion USD and import revenue by 1.5 percent to 47 billion USD.

Companies inIZs and EZs created more than 3.82 million jobs, nearly 30,000 jobs lower thanthe end of 2019.

The ministrysaid that some 120 companies in IZs temporarily halted operation due to theCOVID-19 pandemic from the beginning of this year.

As of theend of May, there were 336 IZs founded, 260 of which were in operation with atotal area of 68,800 hectares while 76 others were under construction at landclearance stages with a total area of 29,200 hectares.

There were37 IZs within EZs.

Theoccupancy rate of IZs was 76.1 percent.

In addition,17 coastal economic zones had been founded with a total land and water areareaching more than 845,000 hectares and area for lease reaching 40,000hectares./.

VNA

See more

President of the Vietnam-Canada Business Association (VCBA) Eastern Chapter Chung Vinh. (Photo: VNA)

Vietnam-Canada Business Association expands operation

The establishment of the Eastern Chapter not only marks a significant step in the Vietnam-Canada Business Association's growth but also addresses the rising demand for networking and collaboration among Vietnamese and Canadian entrepreneurs in the region.

An overview of the discussion on developing financial centres in Vietnam. (Photo: VNA)

Int’l financial centre ensures Vietnam’s sustainable financial growth: Experts

Financial experts expressed their willingness to share knowledge, expertise, and support Vietnam’s access to vital capital, while as assisting Vietnam in training and recruitment of highly skilled financial professionals to ensure the swift and effective development of the financial centres. Additionally, they committed to connecting Vietnamese businesses with German and international investors.

A port in California of the US (Photo: Xinhua/VNA)

Vietnam attends WTO session on removing technical barriers to trade

The Vietnamese delegation is closely tracking all Specific Trade Concerns, with a keen interest on rules impacting Vietnam’s key and potential exports at the regular session of the World Trade Organisation (WTO) Committee on Technical Barriers to Trade (TBT Committee) in Geneva, Switzerland from March 25-28.

The ICON e: (Photo: Honda Vietnam)

Honda Vietnam rolls out first domestically produced electric scooter

The ICON e: is specifically designed for high school students, a young and dynamic demographic seeking safe and convenient mobility. The scooter comes equipped with advanced safety features, including a fire- and water-resistant lithium-ion battery, a combined braking system (CBS), LED lighting for enhanced visibility, and a spacious storage compartment. It is expected to launch in the Vietnamese market in April.

A buyer searches for food products at the fair. (Photo: VNA)

Third Vietnam Outstanding Export Products Fair opens in HCM City

It features nearly 750 booths showcasing a wide range of goods and services like agricultural products, foods and seafood, handicrafts, souvenirs, regionally distinctive goods, textiles, footwear, supporting industries, and food processing, packaging, and preserving technologies.

Fillet catfish for export (Photo: VNA)

Vietnam, US boost agricultural trade

The key agricultural products of the two countries complement each other rather than compete. Therefore, Vietnam is willing to open its market to US agricultural products.