Vietnam has a “golden chance” to attract a new wave of foreign investment, especially to economic zones (EZs) and industrial parks (IPs), according to Deputy Minister of Planning and Investment Tran Quoc Phuong.

Although a new decree on the management of industrial and economic zones in Vietnam has been set up to drive the modernisation of the industrial park model, investors are lacking specific guidelines for implementation.

HCM City is reviewing the land fund and removing obstacles in legal procedures to soon put IPs Le Minh Xuan 2, Phong Phu, Le Minh Xuan, Vinh Loc and Tay Bac Cu Chi into operation.

The existing industrial parks (IPs) in HCMC are nearly full as land available for lease is being exhausted, hindering the city’s industrial production expansion, according to the HCMC Export Processing and Industrial Zones Authority (HEPZA).

The number of Vietnam’s botnet IPs has decreased from 2 million to 1.3 million as a result of the 2020 campaign on checking and removing malware nationwide.

In anticipation of the investment shift driven by the Covid-19 epidemic and the Sino-U.S. trade war, multiple industrial real estate developers are rolling up sleeves with their investment. 

To attract more investment, especially from overseas, HCM City needs to renovate and reform its export processing zones (EPZs) and industrial parks (IPs), Tran Quang Truong, general director of Tan Binh Industry Park said.

Commenting about the reliance of Vietnam’s economy on FIEs (foreign invested enterprises), one economist noted that “when FIEs sneeze, the Vietnamese economy catches a cold".

The time when IPs could attract investors with infrastructure and incentives is over, as now IPs need to be designed and operated according to new standards.

 VietNamNet Bridge – The Prime Minister has approved more industrial parks (IPs) in Binh Duong Province to be added to a master zoning plan for IP development in the nation until 2020.

 VietNamNet Bridge – The HCMC Department of Natural Resources and Environment on January 26 launched an automatic wastewater monitoring system to keep track of wastewater treatment at 16 industrial parks (IPs)

VietNamNet Bridge – There are many new industrial parks (IP) among 299 measuring about 84,000 ha in Viet Nam,

 VietNamNet Bridge – At least 15 enterprises at industrial parks (IPs) and export processing zones (EPZs) in HCMC are unlikely to offer their employees bonuses for the upcoming Lunar New Year holiday (Tet) due to financial difficulties.

 VietNamNet Bridge – Infrastructure developers and enterprises in IZs say that the government’s new land policy has caused them serious difficulties.

 VietNamNet Bridge – The country is expected to attract foreign direct investments (FDI) worth US$8 billion into industrial zones (IPs) and $2 billion into economic zones (EZs) this year.

 VietNamNet Bridge – Ha Noi's industrial parks and export processing zones will co-ordinate closely with relevant bodies, to help foreign direct investment firms in dealing with export and import procedures.

VietNamNet Bridge – The Vice Chairman of Binh Duong Province, Tran Thanh Liem, has apologized to foreign businesses for the recent spate unfortunate incidents and affirmed his commitment to ensure the safety of their operations.

VietNamNet Bridge – Land allocated to non-performing border-gate economic zones should be revoked and returned to former owners, says Dr Tran Dinh Thien.

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