Jul 02, 2018 / 18:34
Foreign investors pour US$7 billion into Vietnam's industrial and economic zones in H1
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).
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.
Illustration photo.
|
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.
Other News
- Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
- Better links with FDI firms to support Hanoi businesses
- Vietnam calls for more US investment in innovation, hi-tech
- Vietnamese leader urges Boeing to build production facility in Vietnam
- Foreign capital pouring into Vietnam's real estate market
- Vietnam news in brief - August 24
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
Trending
-
Vietnam’s future path hinges on ASEAN robust development: Party Chief
-
Vietnam news in brief - November 24
-
Are Vietnamese people living healthier lives?
-
Finding ways to unlock Hanoi's suburban tourism potential
-
Hang Ma Street gears up for festive season
-
A Hanoi artisan turns straw into appealing tourism product
-
“Look! It’s Amadeus Vu Tan Dan” workshop - an artistic journey for kids
-
Vietnam news in brief - November 15
-
Experiencing ingenious spaces at the Hanoi Creative Design Festival 2024
-
Liên kết hữu ích