Hanoi has authorized the establishments of 11 industrial clusters so far this year and some 30 more by the end of 2019 with this pace of industrial park approval, Director of Hanoi Department of Industry and Trade Le Hong Thang said in a meeting of the Hanoi People’s Council early this month, the Government Portal reported.
However, he elaborated that the investments into the new industrial clusters must meet criteria on clean and sustainable industries with high-tech application, avoiding adverse impacts on the environment as they are located in the urban areas.
The city is the only locality in Vietnam focusing on developing key industrial products, bringing the list to 61 ones so far generating revenues of some VND1 trillion (US$43.2 million) or more each.
Thang emphasized that only projects with average investment per hectare of US$20 million are allowed in the city’s industrial parks.
The head of the municipal department said that the city favors investment projects of advanced and environment-friendly technologies towards sustainable development. The use of industrial parks and industrial clusters must be optimized through the application of standardized equipment and production chain controlled by information technology.
Hanoi has 70 operational industrial clusters, covering a total area of more than 1,300 ha, housing a total of 3,100 businesses. Among them, there are three concentrated industrial clusters in Chuong My, Son Tay and Phuc Tho districts, creating favorable conditions for developing craft villages, rural economy and investment in some advantageous industries of the locality.
Thanks to those investments, Hanoi has maintained its steady economic growth with the construction industry climbing by 8.8%, exceeding the targets of 8.5%-9%.
Illustrative photo.
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The city is the only locality in Vietnam focusing on developing key industrial products, bringing the list to 61 ones so far generating revenues of some VND1 trillion (US$43.2 million) or more each.
Thang emphasized that only projects with average investment per hectare of US$20 million are allowed in the city’s industrial parks.
The head of the municipal department said that the city favors investment projects of advanced and environment-friendly technologies towards sustainable development. The use of industrial parks and industrial clusters must be optimized through the application of standardized equipment and production chain controlled by information technology.
Hanoi has 70 operational industrial clusters, covering a total area of more than 1,300 ha, housing a total of 3,100 businesses. Among them, there are three concentrated industrial clusters in Chuong My, Son Tay and Phuc Tho districts, creating favorable conditions for developing craft villages, rural economy and investment in some advantageous industries of the locality.
Thanks to those investments, Hanoi has maintained its steady economic growth with the construction industry climbing by 8.8%, exceeding the targets of 8.5%-9%.
