return icon Vietnamnet.vn

More capital flows come to economic, industrial parks in 2021

Economic and industrial parks nationwide drew 539 foreign-invested and 615 domestic projects with a total registered capital of 12.8 billion USD last year despite COVID-19 pandemic, up 15 percent annually.

{keywords}

 

The additional capital reached 236.2 trillion VND, equivalent to that in 2020.

The ministry’s Department of Economic Zones Department said as of late 2021, the country was home to 564 IPs under planning with a total area of 211,700ha, 398 established IPs covering 123,500ha, 292 of them have been put into operation and 108 under construction.

Among 292 IPs under operation, 265 have been equipped with concentrated wastewater treatment plants capable of processing a maximum of 1.24 million cu.m each day, or 91 percent – meeting the target assigned by the National Assembly. Occupancy rate at IPs reached 52.5 percent while that in the operational ones was nearly 71 percent.

At present, there are 18 coastal economic zones in 17 cities and provinces with a total land and water surface area of 871,500ha.

So far, IPs and economic zones have attracted 10,331 foreign and 10,288 domestic projects worth 231.6 billion USD and 2.54 quadrillion VND (11.04 billion USD), respectively. The disbursed capital reached around 69 percent and 46.5 percent of the total registered capital.

The department also reported that the Prime Minister approved the construction, expansion and adjustment of infrastructure in IPs with a total area of roughly 11,231ha last year. As many as 17 IPs in the northern provinces of Bac Giang, Vinh Phuc, Thai Binh, Hai Duong, Hung Yen and Thai Nguyen covering 4,151ha have been approved by the PM for additional planning.

Due to the pandemic, the total revenue of IPs and economic zones neared 182 billion USD last year, down 27 percent year-on-year. They earned some 132 billion USD from exports, or 59 percent of the country’s total, down 11 percent annually, and contributed approximately 121 trillion VND to the State budget, down 7.5 percent.

Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc said over the past time, the Government, ministries, agencies and localities have adopted measures to cut input costs incurred by firms in IPs while accelerating vaccination and taking flexible pandemic prevention and control measures.

A number of initiatives have been launched in IPs, hi-tech and industrial clusters, such as “three on-site”, “ one route – two destinations” to fill orders, seek the supply of materials and cut operating costs.

Former Director of the MoPI’s Foreign Investment Agency Phan Huu Thang suggested the Government issue policies to draw large-scale projects to IPs, thus forming large-scale production clusters with high connectivity between firms in IPs and economic zones, and between domestic and foreign enterprises.

In particular, further attention should be paid to ecological, industrial-urban-service, support, hi-tech agriculture IPs with synchronous infrastructure, making it easier to lure quality capital, he added.

 

Source: VNA

Eight solutions suggested for supply chain disruption in southern key economic zone

Eight solutions suggested for supply chain disruption in southern key economic zone

The goods supply chain that connects HCM City and provinces in the southern key economic zone plays an important role in the economic development and social stability of the entire region. But it has been disrupted because of Covid-19.

MORE NEWS

Two new Viettel inventions granted exclusive protection certificate in the US

Viettel Aerospace Institute (VTX), a member of Viettel Group, was officially granted an exclusive protection certificate by the US Patent and Trademark Office (USPTO) for two works in the field of optoelectronics and materials industry.

SEA Games 31 fuels recovery of local tourism industry

The hosting of the recent 31st Southeast Asian Games (SEA Games 31) between May 12 and May 23 can be viewed as a golden chance for the local tourism industry to recover after months of little activity due to the impact of the COVID-19 pandemic.

HCM City Mayor shows concerns as doctors turn from ‘heroes’ to ‘violators’

With great efforts in the fight against Covid-19, medical workers have been honored as heroes.

Stopping the licensing of new airlines, restricting the expansion of fleets

Controlling the number of new airlines until the market recovers and restricting licensing to expand fleets in the immediate time are solutions proposed by the State Capital Management Commission (SCMC).

Luxury-tax hike should be postponed until after 2024

Discussing the luxury tax law, experts said it is necessary to design a reasonable taxation roadmap and begin raising the tax only after 2024.

Huge haul in new markets for Vietnam’s tra fish exports

Demand for Vietnam’s tra fish (pangasius) is up in major markets, driving the export of the catfish overseas, reports the Vietnam Association of Seafood Exporters and Producers (VASEP).

Facebook collects money from partners to pay tax in Vietnam

The amount of money Facebook is planning to collect from Vietnamese partners accounts for 5 percent of invoice value. The money will be used to fulfill tax obligations.

Vinh Phuc: Wall collapse kills three people

Three people were killed and another seriously injured in the northern province of Vinh Phuc after a wall of a house collapsed and buried them.

JPMorgan Chase announces fresh capital injection into VN

JP Morgan Chase on Thursday announced a capital injection of US$123 million into its branch entity in HCM City, bringing the firm’s total capital investment into Viet Nam from $77 million to $200 million, or VND4.6 trillion.

Vietnam ready to facilitate long-term business and production of foreign firms

The nation continues to pay close attention to and attaches great importance to improving the investment environment and creating favourable conditions in which foreign enterprises can conduct long-term production business in the country.

Family of four found dead in Hanoi in apparent murder-suicide

Four members of the same family were found dead in an apartment complex in Hanoi's Hoang Mai District.

HCM City presents first floating fruit festival with trimmings

The first floating fruit festival organised by HCM City next week will present specialty fruits from the southern region in a cultural milieu including folk music and dance.

Incumbent, former officials of Da Nang, Quang Binh disciplined

Party General Secretary Nguyen Phu Trong on May 26 chaired a meeting of the Party Central Committee’s Secretariat to consider disciplinary measures on an official of Da Nang city and a former official of Quang Binh province.

Vietnam facilitates lychee purchase by Chinese traders in Bac Giang: Spokeswoman

Competent agencies and localities of Vietnam always create favourable conditions for Chinese businesses and traders to buy the fruit in Bac Giang, Foreign Ministry spokeswoman Le Thi Thu Hang said.

Hanoi to build ten more bridges over Red River

Hanoi will build ten more bridges across the Red River by 2030 and a vision until 2050.
back_to_top