Decree No 32/2024/ND-CP dated March 15, 2024, outlines several favourable policies and support measures for the development of industrial clusters.

The State will support up to 30% of the total investment capital required for technical infrastructure construction in industrial clusters.

It provides investment incentives for industrial clusters located in areas facing challenging socio-economic conditions and considers the construction of technical infrastructure for industrial clusters as a specialised industry eligible for investment incentives.

The decree also stipulates that local budgets allocate resources to support investment and the development of technical infrastructure both within and outside industrial clusters in the region. Priority will be given to investing in environmental protection infrastructure for operational industrial clusters.

Support will be extended to essential shared technical infrastructure projects in areas experiencing difficult or extremely challenging socio-economic conditions, as well as to industrial clusters focusing on sectoral integration, specialisation, support services, ecology, and the preservation of traditional vocations.

The State will support up to 30% of the total investment capital required for technical infrastructure construction in industrial clusters. Provincial-level People's Committees will report decisions or decisions based on their authority and legal provisions to the corresponding People's Councils regarding support for technical infrastructure construction in industrial clusters within their jurisdictions.

The central budget will secure funding for activities related to industrial cluster development conducted by the Ministry of Industry and Trade. This includes activities such as conducting investigations, establishing and maintaining databases for industrial clusters, organising conferences and seminars, and coordinating investment promotion efforts for industrial clusters. Additionally, research will be carried out to develop criteria for identifying effective models of industrial cluster development and environmental protection.

The local budget will ensure funding for industrial cluster development activities undertaken by local authorities. This includes organising investment promotion activities for industrial clusters, conducting surveys of organisations and individuals interested in relocating or investing in industrial clusters, evaluating proposals for establishing or expanding industrial clusters, and providing support funds for setting up investment projects. 

It also covers transportation costs and the installation of machinery and equipment for enterprises, co-operatives, and households in craft villages and residential areas relocated into industrial clusters.

Bac Giang speeds up site clearance for industrial clusters

(BGO) - Bac Giang province currently has 54 industrial clusters (ICs), with a total area of nearly 2,190 hectares. Of which, 30 have been put into operation, including 14 invested by People's Committees of districts and Bac Giang city and 16 by enterprises.

Completing mechanisms and policies for management of industrial clusters

On August 19, 2009, the Prime Minister issued Decision No.105/2009/QD-TTg, on regulations related to the management of industrial clusters. Accordingly, the concept as well as regulations on industrial cluster management have been unified nationwide, creating a legal framework for industrial cluster management from the central to local levels.

Yen Dung creates favorable condition to attract investment in industrial parks and clusters

(BGO) – Implementing Resolution No.170NQ/HU on December 16, 2020 issued by the Executive Board of Yen Dung district Party Committee about industrial development in 2021 – 2025 period, Yen Dung district (Bac Giang province) creates favorable condition to attract more investors in industrial parks and clusters.

Thai Nguyen to build 16 new industrial zones and clusters until 2030

The northern province of Thai Nguyen is planning to establish 16 new industrial zones and industrial clusters from now until 2030.

Bac Giang city increases operational efficiency at industrial cluster

(BGO) – The businesses at the industrial clusters in Bac Giang city (Bac Giang province) create jobs to many labours and significantly contribute to the state budget. The municipal People’s Committee has focused on building synchronous infrastructure and enhance investment attraction to the clusters.

Source: VNA