Sustainably developing industrial and economic zones is one of themodern day pressing issues, since they are vital to the country’ssocio-economic development as well as national defence and security.
To do this, long-term planning should be mapped out in a strategic fashion, experts suggested.
Le Van Khoa, Director of the Ho Chi Minh City’s Department ofIndustry and Trade, said the city is implementing economy restructuringprojects between 2013 and 2020, focusing on building specialisedindustrial parks.
It recently began construction on aVietnam-Japan hi-tech industrial park in Nha Be district to serve onlyJapanese businesses, he noted.
Infrastructureimprovements at industrial and economic parks are set a majororientation in Resolution 13-NQ/TW of the 11th Central Committee ofthe Communist Party of Vietnam.
Localities have beenadvised to build infrastructure efficiently and on schedule whileseeking ways to mobilise investment capital in the field.
At a recent meeting of the Steering Committee on developing industrialand economic parks, Deputy Prime Minister Hoang Trung Hai askedlocalities and sectors to eliminate poorly performing industrial andeconomic parks, while speeding up the rate of occupancy and improvingthe operational efficiency of the parks.
He alsorequested policy revisions on developing industrial and economic zonesat the local level and measures to deal with land use issues whileincreasing investigations on environmental protection at the parks.
According to experts, administrative reform is necessary to developindustrial and economic parks sustainably; they suggested fullyimplementing the one-stop-shop model.
So far, Vietnam is home to over 300 industrial parks, with the first established in 1991.
In 2014, industrial and economic parks attracted additional 752projects and witnessed increased capital for 515 projects worth 14.7billion USD.
The foreign direct investment (FDI) in manufacturing alone made up over 90 percent of the country’s total FDI.
By 2014, industrial parks nationwide have housed 5,573 FDI projectswith a total registered capital of 85.5 billion USD with as much as 49billion USD disbursed.
Meanwhile, coastal and border economic zones lured 70 FDI projects worth over 700 million USD.
In 2014, industrial and economic parks raked in over 118 billion USDin revenue, an annual increase of 18 percent, while export turnoverstood at over 73.4 billion USD, up 43 percent.
Businesses in industrial and economic zones posted a trade surplus of5.8 billion USD, a yearly increase of 24 percent, contributing 87trillion VND (4 billion USD) to the State budget (up 31 percent) andgenerating jobs for 2.4 million workers (up 14.2 percent).-VNA
To do this, long-term planning should be mapped out in a strategic fashion, experts suggested.
Le Van Khoa, Director of the Ho Chi Minh City’s Department ofIndustry and Trade, said the city is implementing economy restructuringprojects between 2013 and 2020, focusing on building specialisedindustrial parks.
It recently began construction on aVietnam-Japan hi-tech industrial park in Nha Be district to serve onlyJapanese businesses, he noted.
Infrastructureimprovements at industrial and economic parks are set a majororientation in Resolution 13-NQ/TW of the 11th Central Committee ofthe Communist Party of Vietnam.
Localities have beenadvised to build infrastructure efficiently and on schedule whileseeking ways to mobilise investment capital in the field.
At a recent meeting of the Steering Committee on developing industrialand economic parks, Deputy Prime Minister Hoang Trung Hai askedlocalities and sectors to eliminate poorly performing industrial andeconomic parks, while speeding up the rate of occupancy and improvingthe operational efficiency of the parks.
He alsorequested policy revisions on developing industrial and economic zonesat the local level and measures to deal with land use issues whileincreasing investigations on environmental protection at the parks.
According to experts, administrative reform is necessary to developindustrial and economic parks sustainably; they suggested fullyimplementing the one-stop-shop model.
So far, Vietnam is home to over 300 industrial parks, with the first established in 1991.
In 2014, industrial and economic parks attracted additional 752projects and witnessed increased capital for 515 projects worth 14.7billion USD.
The foreign direct investment (FDI) in manufacturing alone made up over 90 percent of the country’s total FDI.
By 2014, industrial parks nationwide have housed 5,573 FDI projectswith a total registered capital of 85.5 billion USD with as much as 49billion USD disbursed.
Meanwhile, coastal and border economic zones lured 70 FDI projects worth over 700 million USD.
In 2014, industrial and economic parks raked in over 118 billion USDin revenue, an annual increase of 18 percent, while export turnoverstood at over 73.4 billion USD, up 43 percent.
Businesses in industrial and economic zones posted a trade surplus of5.8 billion USD, a yearly increase of 24 percent, contributing 87trillion VND (4 billion USD) to the State budget (up 31 percent) andgenerating jobs for 2.4 million workers (up 14.2 percent).-VNA
