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INVESTMENT

Foreign investors pour US$7 billion into Vietnam's industrial and economic zones in H1

Updated at Monday, 02 Jul 2018, 18:34
The Hanoitimes - Vietnam`s industrial parks and economic zones remained the country`s spotlight in attracting foreign investment.
In the first six months of 2018, Vietnam's industrial complexes and economic zones attracted in 445 foreign projects with total capital of nearly US$7 billion, accounting for 34% of total foreign direct investment (FDI) commitments in the period, according to the Ministry of Planning and Investment (MPI). 
 
Illustration photo.
Illustration photo.
Meanwhile, as much as VND46 trillion (US$2 billion) in terms of newly-registered capital and additional capital poured into 259 domestic projects, stated a report from the Department for Economic Zone Management (DEZM) under the MPI.

During this period, some notable projects with large investment capital in industrial parks and economic zones included the US$1.2-billion polypropylene manufacturing plant by South Korea's Hyosung Corporation at Cai Mep Industrial Zone in Ba Ria - Vung Tau; the Laguna project with additional fund of US$1.12 billion from Singaporean investors; the US$80-million Nam Dinh Ramatex Textile and Garment Factory, and the US$80-million Ha Nam YKK Factory specialized in producing zippers and other materials for the garment industry. 

According to the report, Vietnam currently has 325 industrial complexes covering an area of nearly 95,000 hectares as of the end of June, in which 231 industrial complexes are operational, together with 94 industrial complexes in the process of site clearance and basic construction. The occupancy rate reached 53%, and 73% at operating industrial parks.

The MPI also informed that Vietnam has 17 coastal economic zones established on a land and water surface area of approximately 845,000 hectares at the end of June.
Nguyen Tung
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