The Vietnamese Government on August 21 issued a decision to approve a development plan of local industrial zones (IZs) from now to 2015 and a vision to 2020, which is aimed to make the IZs network to become a key economic entity for the industrial development of the country, state media reported.
Under the decision, the country will strive to have all existing IZs fully leased by 2010 and also select outstanding ones among those for expansion with an expected area of 15,000-20,000 hectares.
Vietnam also targets to raise the total area of the IZs to 70,000 ha with coverage of 60 per cent by 2015 and 80,000 ha by 2020.
The IZs are required to have waste treatment systems and green areas to ensure sustainable development of the environment.
In related news, the Prime Minister has recently given the green light to build and expand some industrial zones in local provinces.
Accordingly, Vinh Phuc province has been allowed to set up Phuc Thien IZ with a 327 hectare (ha) area, 105ha Thanh An IZ Nam Dinh, 256ha Thanh Duc IZ and 142ha Long Hau IZ in Long An, 370ha Phuoc Nam in Ninh Thuan.
Vietnam now has a total of 116 industrial zones (IZs) and export processing zones (EPZs), which have so far fetched a combined capital of more than $20 billion from 4,516 local and foreign investment projects, according to the Ministry of Planning and Investment.
Of the total, foreign investors still dominate with 2,200 projects worth $17.6 billion and the remainder of 2,314 belong to domestic investors, valued at $6.4 billion.
Vietnam & World Economy
Vietnamese
