Industrial, economic zones attract over US$110 billion
18:14 | 25/06/2013

VGP - By the end of June, industrial parks nationwide have attracted 4,665 foreign direct investment (FDI) projects totaled US$70 billion while costal and border economic zones had their FDI capital added US$40 billion and US$700 million respectively.

The information was announced during a meeting in Ha Noi on June 24 between the Steering Committee on the Development of Economic Zones and Industrial Parks and the management boards of economic zones and industrial parks across the country to seek solutions to current obstacles and boost their development.

Additionally, they have received over VND14,992 billion (US$720 million) from domestic investors, making total domestic investment in this sector rise to over VND900 trillion (US$43.2 billion) in over 6,000 projects.

Total revenues made by the sector reached approximately US$38 billion in the first half of this year, up 16% over the same period last year. The sectors’ export value hit US$23 billion, accounting for 45% of the country’s export turnover, and made a trade surplus of US$2.55 billion. With over 2.1 million employees, the sector contributed nearly VND30 trillion (US$1.4 billion) to the State budget, up 26% from the same period last year.

Praising the sector’s achievements, Deputy Prime Minister Hoang Trung Hai asked the management boards to improve their operations to meet new requirements and relevant agencies to review and address obstacles completely.

The steering committee will organize interdisciplinary delegations to study suggestions submitted by the management boards and work out solutions to support businesses in industrial and economic zones, he said.

The country now has 289 industrial parks and 15 coastal economic zones covering 81,000 ha and 698,000 ha, respectively. As many as 28 border economic zones have been established in 21 border provinces./.

By Ngoc Van

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