return icon Vietnamnet.vn

Industrial parks, economic zones absorb US$ 230 billion in foreign direct investment

Industrial parks (IPs) and economic zones (EZs) across the country have attracted nearly 11,000 foreign direct investment projects worth US$230 billion, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.

Industrial parks, economic zones absorb US$ 230 billion of FDI - Ảnh 1.

Viet Nam is home to 403 IPs, 18 coastal EZs and 26 border EZs in 61 out of 63 provinces and cities. 

These IPs and EZs attracted over 10,000 domestic projects and 11,000 FDI others with total registered capital of around US$340 billion. 

Processing and manufacturing is the leading investment sector in IPs and EZs as it accounts for 70-80 percent of the total FDI capital. 

Foreign business giants like Samsung, Canon, LG, Sumitomo, and Foxconn have already set footholds in Vietnamese IPs and EZs . 

The MPI suggested the building of a Law on IPs and EZs in 2022, and the issuance of a decision of the Prime Minister on co-ordination mechanism among ministries, sectors and localities in managing IPs and EZs. /.

Source: VGP

MORE NEWS

Vietnam ranks 48th in 2022 Global Innovation Index

Vietnam is placed 48th among 132 economies in the Global Innovation Index 2022.

New UNDP Resident Representative pledges support to Vietnam’s development

Ramla Al Khalidi, newly-appointed UNDP Resident Representative in Vietnam, has pledged to further support Vietnam’s development, covering climate change response and the settlement of bomb and mine consequences.

VN should not become a place where investors exploit only cheap labor

Vietnam wants foreign investors to come to cooperate and not build closed facilities that are separate oases in the economy, former chair of the Vietnam Confederation of Commerce and Industry (VCCI) Vu Tien Loc said.

MOET reports teacher shortage, urges recruitment of new staff

Minister of Education and Training Nguyen Kim Son has asked provinces and cities to urgently recruit 27,850 teachers for preschools and general schools to solve the teacher shortage.

Many public servants' salaries not commensurate with assets

Believing that the salaries of many state officials are not commensurate with their assets, voters have asked agencies to examine and supervise asset declarations by officials.

New electricity price system proposed

The Ministry of Industry and Trade (MOIT) is collecting opinions about the new draft electricity prices. For daily household use, there would be five instead of six electricity price levels.

Fixes aim to clear up e-commerce tax

With the fast development of digital commerce in the past few years, an adjusted decree from the Ministry of Finance and a new e-commerce tax portal are expected to facilitate better tax management for e-commerce platforms.

Hanoi sidewalks: More meaningful than just space

Nowhere in the world does the sidewalk offer such bustling social spaces as in Hanoi that contribute in part to Hanoi's culture.

Mum's the one for backpacking fun

Hien Vy, a 36-year-old, is well known in local backpacking groups after recently finishing a 700km tour with her 68-year-old mother.

Village boasts 200 years of fish pot making

Thu Sy village in the Red River Delta province of Hung Yen is famous for its traditional trade of fish pot weaving.

Cafe helps with stray cat adoption in HCM City

Alex Ward and Geneva Marcelino are running cafes that work with local animal rescue shelters to help stray dogs and cats find their new homes.

Vietnam paying more attention to circuit production

Since electronic circuits are being applied in many fields from hi-tech agriculture, smart city infrastructure, to national defense, it is predicted that by 2024, the semiconductor industry in Vietnam will have exceeded the value of US$6.16 billion.

Hanoi looks to develop satellite cities

Hanoi is planning to develop satellite urban areas as part of an effort to widen local space and ease pressure from overcrowding in the inner city.

Film director Tran Van Thuy wins Grand Prize of Bui Xuan Phai Awards

Film director Tran Van Thuy won the Grand Prize of the 15th Bui Xuan Phai – For Love of Hanoi Awards during a ceremony held at the headquarters of the Vietnam News Agency (VNA) in Hanoi on October 6.

Vietnam sends 11 workers to WorldSkills Competition 2022

Eleven Vietnamese workers will participate in the WorldSkills Competition 2022 Special Edition which is being held in Europe and East Asia from September 30 to November 28, according to the Directorate of Vocational Education and Training.
back_to_top