FDI flows in IPs, EZs up over 10 pct. in five months

Local industrial parks (IPs) and economic zones (EZs) attracted about 6.02 billion USD in both registered capital of 291 new foreign-invested projects and additional capital into existing ones in the first five months of 2021, an increase of about 10.3 percent year-on-year, the Ministry of Planning and Investment (MPI) has reported.
FDI flows in IPs, EZs up over 10 pct. in five months ảnh 1About 6.02 billion USD was invested in indsutrial parks and economic zones nationwide in the first five months of 2021 (Photo: VNA)
Hanoi (VNA) - Local industrial parks (IPs) andeconomic zones (EZs) attracted about 6.02 billion USD in both registered capital of 291 new foreign-invested projects and additional capital into existing ones in the first five months of 2021, an increase of about 10.3 percentyear-on-year, the Ministry of Planning and Investment (MPI)has reported.

IPs and EZs also absorbed about 53.2 trillion VND (2.31 billion USD) of domestic investment, which was poured into 271 new projects and existing ones. 

As of the end of May, IPs and EZs nationwide were hometo about 10,853 valid foreign-invested projects with total registered capital of some228.4 billion USD, 69.6 percent of which had been disbursed. The number ofvalid domestic projects stood at 10,186.

The investment proposals of 38 IP infrastructureconstruction projects have been approved by the Prime Minister, raising thenumber of established IPs to 394 on a total area of about 121,900 ha. Of these,286 are operating on a total area of about 86,000 ha, including 57,300 ha ofindustrial area.

About 42,900 ha of land at IPs have been rented bybusinesses, with overall occupation rates reaching about 53 percent and 71.8percent at larger IPs. IPs nationwide have created about 3.78 million direct jobs.

As of the end of May, 256 of the 286 operating IPs, or89.5 percent, had launched standardised waste treatment plants with a totalcapacity of over 1.2 million cu m each day and night.

In order to increase the efficiency of businessesoperating at IPs, the MPI has encouraged and supported them in selecting advancedtechnology and improving technology levels.

The ministry has reviewed standards and requirementsin technology as well as social responsibility and environmental protection,while encouraging enterprises to link with each other to form supply chains.

As part of efforts to prevent the spread of COVID-19 atIPs, EZs, and processing zones, MPI has asked the People’s Committees ofcentrally-run cities and provinces to direct the management boards of those facilities to strictlyimplement pandemic prevention and control measures.

Assessments on the risk of COVID-19 spreading in the workplaceand workers’ residential areas have also been made./.
VNA

See more

Illustrative image (Photo: VNA)

Vietnam, Algeria forge stronger economic bonds

The Vietnam Trade Office in Algeria held a meeting with representatives from several Algerian trade promotion organisations and businesses on January 15 to look back on bilateral trade and chart a course for future collaborations.

Swiss-Viet Economic Forum members (Photo: VNA)

Swiss-Viet Economic Forum helps boost bilateral collaboration

The Swiss-Viet Economic Forum (SVEF) set goals for 2025, focusing on continuing to serve as a bridge to strengthen economic and cultural relations between the two countries at an event on January 15 to celebrate the first anniversary of its establishment.

Workers at a Taiwanese company in An Duong industrial part, Hai Phong city. (Photo: VNA)

Hai Phong, Quang Ninh attract 7.82 billion USD in FDI in 2024

With 7.82 billion USD in foreign direct investment lured in 2024, the port city of Hai Phong and the northeastern province of Quang Ninh continued affirming their strong attraction as the two pillars of the northern economic triangle, that includes Hanoi.

TPBank secures 120 million USD loan from JICA. (Photo courtesy of JICA)

TPBank secures 120 million USD long-term loan from JICA

The Japan International Cooperation Agency (JICA) officially signed a loan agreement with the Tien Phong Commercial Joint Stock Bank (TPBank) under the Private Sector Investment Finance (PSIF) project on January 14.

Kim Long Motor Hue JSC and Changan Automobile Group sign a cooperation agreement on building a factory. (Photo: VNA)

New passenger car factory to be built in Hue

Kim Long Motor Hue Joint Stock Company and Changan Automobile Group (China) on January 14 signed a cooperation agreement to build a passenger car factory at an industrial park in the central city of Hue that will be capable of producing 50,000 vehicles per year.

Illustrative photo (Photo: VNA)

Quang Ninh sets land clearance as priority for FDI attraction

The northern province of Quang Ninh is on a mission to cement its status as one of Vietnam's premier destinations for foreign direct investment (FDI), with a strategic focus on land clearance for industrial park infrastructure projects this year.

Deputy Prime Minister Tran Hong Ha at the 12th meeting of the national steering committee for IUU fishing prevention and control on January 14 (Photo: VNA)

Deputy PM orders enhanced fishery management tools

Deputy Prime Minister Tran Hong Ha has asked the Ministry of Agriculture and Rural Development to complete the comprehensive integration and smooth connectivity to the national fisheries database (VN-Fishbase), vessel monitoring system (VMS), and electronic traceability system (eCDT) in Q1, ensuring seamless data flow from central to local authorities, a move to clamp down on illegal, unreported and unregulated (IUU) fishing.