Industrial Parks Nationwide Attract over US$32Bln Investment

Vietnam’s industrial parks (IPs) and export processing zones (EPZs) have to date pulled in more than US$32.6 billion in investment, said the Ministry of Planning and Investment (MPI).

 

Foreign investors overwhelmingly took the lead with US$24.2 billion in 2,500 projects and local investors had US$8.43 billion in 2,700 projects.

 

Taiwan is now the largest foreign investor to invest in Vietnamese industrial quarters with over US$5 billion, followed by Japan with US$4.3 billion and South Korea with US$3.1 billion.

 

Local industrial parks and export processing zones are expected to bring in some US$5 billion in investment capital this year as a great influx of foreign investors are seeking to enter the country.

 

Vietnam now houses 148 IPs and EPZs covering a total area of 32,120 ha, of which 90 have become operational with the remaining 58 still under construction.

 

The Prime Minister has also given the green light to set up four new IPs as part of the country’s priority development scheme, including 256 ha Thanh Duc IP in An Giang province, the 194 ha Minh Hung IP in Binh Phuoc province and the 140ha expanding Viet Huong II IP in Binh Duong province.

 

The Southeast-Asian country expects to build 113 additional IPs from now to 2015 with a total area of 29,257 ha. (VNA)