Investments in industrial, economic zones declines slightly in six months
Updated : Monday, July 09, 2018 3:13 PM (GMT+0700)

Thetotal value of foreign and domestic investments in industrial and economiczones nationwide fell slightly in the first half of 2018.

Goods unloaded at Hai Phong International Container Terminal - Source: VNA

According to a report by theDepartment for Economic Zones Management under the Ministry of Planning andInvestment, Vietnamese industrial and economic zones attracted foreign directcapital in 445 projects worth nearly 7 billion USD and domestic directinvestment in 259 projects worth 46 trillion VND (2.024 billion USD).

The fall in investmentcapital is due to fewer big-scale projects than the same period lastyear. 

In the first half of 2017,Prime Minister Nguyen Xuan Phuc approved several big projects, including HoaPhat group’s 60-trillion-VND (2.64 billion USD) steel production plant in theDung Quat economic zone (Quang Ngai) and Samsung Display Vietnam’s expansion ofits plant in the Yen Phong industrial park (Bac Ninh), which cost 2.5 billionUSD.

Major projects in the firsthalf of 2018 included a 1.2-billion-USD project on building a Polypropyleneplant and underground storage system of Liquefied Petroleum Gas inside the CaiMep industrial park (Ba Ria – Vung Tau).

Other key projects in theperiod were Laguna Ltd’s addition of 1.12 billion USD to its existing projectwithin the Chan May – Lang Co economic zone (Thua Thien – Hue) and the RamatexNam Dinh textile-garment factory valued at 80 million USD in Bao Minhindustrial park, Nam Dinh province. 

In the first six months of2018, authorities revoked the investment licence of Thu Thua industrial park inLong An province and approved proposals on building three more IPs which areSong Khoai, Yen My and Nam Tan Uyen industrial parks respectively located inQuang Ninh, Hung Yen and Binh Duong provinces.

To date, the country has 325industrial parks, of which 231 are operational. The occupancy rate ofoperational IPs averages more than 73 percent.


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