Upcoming Law on industrial park – Vietnam’s passage to attract new foreign investment wave
Industrial parks are crucial for attracting domestic and foreign investment projects, particularly leading global corporations.
Industrial parks are crucial for attracting domestic and foreign investment projects, particularly leading global corporations.
Hanoi's industrial and commercial sector has been focusing on green growth - a trend that catches investors' attention.
At present, the tally of Vietnam-Singapore Industrial Parks (VSIP) has reached 14, spanning 10 provinces and cities, boasting a combined investment of US$18.7 billion and generating employment for more than 300,000 individuals.
Hanoi has accumulated about US$69.844 billion in foreign direct investment, ranking second in the country.
The planning process should be completed by 2025.
Hanoi's industrial parks is home to more than 700 projects with registered capital of $6.3 billion.
Hanoi continues to promote the attraction of foreign investment capital for socio-economic development.
The construction of eco-industrial parks is considered a solution for Vietnam to reduce waste and promote sustainable growth
Industrial parks in Hanoi are home to 707 operational projects with a combined investment capital of $7 billion, half of which came from foreign investors.
The reopening of the borders, the government's active support for investors, and the resilience of domestic firms would open up a promising future for the industrial property market in 2022 and subsequent years.
The VSIP III covers an area of 1,000 hectares, will be a successful example in Vietnam-Singapore cooperation, and evidence that Vietnam continues to be an attractive destination for investors
The industrial park will prioritize both high-tech tenants and labor-intensive industries such as apparel and footwear.
It is estimated that one hectare of land in Hanoi would attract $5.5 million in investment capital and provide jobs for 160 workers.
The move will help ensure the effective utilization of the Agreement on Singapore-Vietnam Economic Connectivity.
One-third of Vietnam’s Covid-19 infections in the fresh outbreak are workers in industrial parks.
The local government has worked with representatives of foreign-invested companies before making the suspension decision.
Covid-19 infections have left one industrial park in Danang isolated.