A workshop was organised in Hanoi on November 29 to discussmeasures to attract more investment to Vietnam’s industrial parks(IPs) and economic zones (EZs) in the coming time.
The event was jointly held by the Vietnam Investment Connection JSC and the Vietnam Chamber of Commerce and Industry.
Over the past two decades, IPs and EZs in Vietnam havedemonstrated their important role in promoting the country’s economicgrowth.
The country has a total of 289 IPs and 15 coastal EZsin 59 provinces and cities across the country, contributing more than 80billion USD of the country’s annual import-export turnover andaccounting for 35 percent of the economy’s total import-export turnover.
The IPs and EZs drew about 70 percent of the total foreigninvestment flow into the country and created jobs for over 2 millionlabourers.
According to Deputy Head of the EZ ManagementDepartment under the Ministry of Planning and Investment (MoPI) Tran DuyDong, as of the end of October, 2013, IPs nationwide attracted over4,700 foreign direct investment (FDI) projects with a total registeredcapital of 69.2 billion USD, equivalent to 80 percent of the total FDIcapital poured into industrial fields.
Meanwhile, the numberof domestically-invested projects operating in IPs in the period was5,100, totalling 461 trillion VND (around 21.95 billion USD).
In the first 10 months of this year, 9.9 billion USD was invested in IPsand EZs, accounting for 70 percent of total FDI investment in Vietnam.
However, the development of IPs and EZs is yet to meetexpectations as the attraction of investment was affected by the globaleconomic downturn.
MoPI Deputy Minister Nguyen Van Trung saidthe country should increase investment promotion in the time to come,towards luring investment projects that have advanced technology andhigh economic value, especially environmentally friendly projects andthose in the supporting industry field.
In addition, thecountry needs to create a favourable investment environment to improvethe confidence of investors and remove difficulties for them, he added.
It should also pay attention to upgrading the industrialinfrastructure system, build accommodation and other public facilitiesfor labourers, while planning to train human resources to satisfyinvestors’ demands, Trung stressed.-VNA
The event was jointly held by the Vietnam Investment Connection JSC and the Vietnam Chamber of Commerce and Industry.
Over the past two decades, IPs and EZs in Vietnam havedemonstrated their important role in promoting the country’s economicgrowth.
The country has a total of 289 IPs and 15 coastal EZsin 59 provinces and cities across the country, contributing more than 80billion USD of the country’s annual import-export turnover andaccounting for 35 percent of the economy’s total import-export turnover.
The IPs and EZs drew about 70 percent of the total foreigninvestment flow into the country and created jobs for over 2 millionlabourers.
According to Deputy Head of the EZ ManagementDepartment under the Ministry of Planning and Investment (MoPI) Tran DuyDong, as of the end of October, 2013, IPs nationwide attracted over4,700 foreign direct investment (FDI) projects with a total registeredcapital of 69.2 billion USD, equivalent to 80 percent of the total FDIcapital poured into industrial fields.
Meanwhile, the numberof domestically-invested projects operating in IPs in the period was5,100, totalling 461 trillion VND (around 21.95 billion USD).
In the first 10 months of this year, 9.9 billion USD was invested in IPsand EZs, accounting for 70 percent of total FDI investment in Vietnam.
However, the development of IPs and EZs is yet to meetexpectations as the attraction of investment was affected by the globaleconomic downturn.
MoPI Deputy Minister Nguyen Van Trung saidthe country should increase investment promotion in the time to come,towards luring investment projects that have advanced technology andhigh economic value, especially environmentally friendly projects andthose in the supporting industry field.
In addition, thecountry needs to create a favourable investment environment to improvethe confidence of investors and remove difficulties for them, he added.
It should also pay attention to upgrading the industrialinfrastructure system, build accommodation and other public facilitiesfor labourers, while planning to train human resources to satisfyinvestors’ demands, Trung stressed.-VNA
