Business

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
# Industrial zones #economic zones #registered capital #first five months of 2020 #Ministry of Planning and Investment #domestic-invested projects #COVID-19 #export revenue #vietnamplus #Vietnam News Agency
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