The additional capital reached 236.2 trillion VND, equivalent to that in 2020.

The ministry’s Department of Economic Zones Department said as of late 2021, the country was home to 564 IPs under planning with a total area of 211,700ha, 398 established IPs covering 123,500ha, 292 of them have been put into operation and 108 under construction.

At Vietnam - Singapore IP in Hai Phong.

Among 292 IPs under operation, 265 have been equipped with concentrated wastewater treatment plants capable of processing a maximum of 1.24 million cu.m each day, or 91 percent – meeting the target assigned by the National Assembly. Occupancy rate at IPs reached 52.5 percent while that in the operational ones was nearly 71 percent.

At present, there are 18 coastal economic zones in 17 cities and provinces with a total land and water surface area of 871,500ha.

So far, IPs and economic zones have attracted 10,331 foreign and 10,288 domestic projects worth 231.6 billion USD and 2.54 quadrillion VND (11.04 billion USD), respectively. The disbursed capital reached around 69 percent and 46.5 percent of the total registered capital.

The department also reported that the Prime Minister approved the construction, expansion and adjustment of infrastructure in IPs with a total area of roughly 11,231ha last year. As many as 17 IPs in the northern provinces of Bac Giang, Vinh Phuc, Thai Binh, Hai Duong, Hung Yen and Thai Nguyen covering 4,151ha have been approved by the PM for additional planning.

Due to the pandemic, the total revenue of IPs and economic zones neared 182 billion USD last year, down 27 percent year-on-year. They earned some 132 billion USD from exports, or 59 percent of the country’s total, down 11 percent annually, and contributed approximately 121 trillion VND to the State budget, down 7.5 percent.

Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc said over the past time, the Government, ministries, agencies and localities have adopted measures to cut input costs incurred by firms in IPs while accelerating vaccination and taking flexible pandemic prevention and control measures.

A number of initiatives have been launched in IPs, hi-tech and industrial clusters, such as “three on-site”, “ one route – two destinations” to fill orders, seek the supply of materials and cut operating costs.

Former Director of the MoPI’s Foreign Investment Agency Phan Huu Thang suggested the Government issue policies to draw large-scale projects to IPs, thus forming large-scale production clusters with high connectivity between firms in IPs and economic zones, and between domestic and foreign enterprises.

In particular, further attention should be paid to ecological, industrial-urban-service, support, hi-tech agriculture IPs with synchronous infrastructure, making it easier to lure quality capital, he added.

Deputy PM approves for investment policy to infrastructure of Yen Lu industrial park in Bac Giang

(BGO) – The Deputy Prime Minister Le Van Thanh has inked the Decision No.2242/QD-TTg to approve for the investment policy to construct and do business at the infrastructure of Yen Lu industrial park (IP) in Bac Giang province.

EU, potential partner in investment attraction and trade promotion of Bac Giang

(BGO) - Although the result of foreign direct investment (FDI) attraction from European partners is incommensurate with potentials and strengths of the province, it is a positive sign in luring high-quality FDI projects. Investors from European Union (EU) have made significant contributions to the highlights in FDI attraction of Bac Giang province.

Vietnam attracts 31 billion USD in foreign direct investment for 2021

Pledges of foreign direct investment (FDI) to Vietnam in 2021 were estimated at 31.15 billion USD, up 9.2% from the previous year, despite the impacts of Covid-19, according to the Foreign Investment Agency (FIA).

Bac Giang attracts investment of over 1.46 billion USD

(BGO) - Bac Giang province attracted over 357 million USD of investment capital in December this year, representing 2.6 fold increase year on year, reported the provincial competent sector.

Arousing ideas to improve investment and business environment

(BGO) - Over the past time, Bac Giang province has made great efforts to implement solutions to improve the investment and business environment so as to attract businesses’ investment in the locality. Recently, the provincial People's Committee for the first time launched a province-wide online contest seeking initiatives to improve the investment and business environment of Bac Giang province in 2021 in order to continue to arouse good ideas and innovations in this area.

Source: NDO/VNA