Monday,  Jul 6, 2020,06:03 (GMT+7) 0 0
IPs, EZs attract US$6 billion despite Covid-19
By Le Hoang
Friday,  Jun 26, 2020,14:46 (GMT+7)

IPs, EZs attract US$6 billion despite Covid-19

By Le Hoang

Hoa Khanh industrial park in Danang. Industrial parks (IPs) and economic zones (EZs) nationwide managed to attract 335 foreign-invested projects with fresh capital amounting to some US$6 billion in the first half of the year - PHOTO: NHAN TAM

HCMC - Even though the pledged capital of foreign investors from January to June was not as high compared with the same period last year, industrial parks (IPs) and economic zones (EZs) nationwide managed to attract 335 foreign-invested projects worth some US$6 billion in the first half of the year, according to the Ministry of Planning and Investment.

This is still a positive sign amid the spread of Covid-19 worldwide, which has led to producers and multinational companies halting their production expansion or investment plans.

Besides, the suspension of international air services over the past few months has hindered investors from coming to Vietnam to learn about the market or promoting investments.

However, the number of projects getting licensed in the six-month period is almost similar to that of the same period last year.

IPs and EZs across the country attracted some 340 foreign-invested projects in January-June of last year with fresh capital totaling US$8.7 billion.

The country has recorded 9,835 foreign-invested projects worth US$197.8 billion at IPs and EZs to date and realized capital has reached 72.3%.

As for domestic investments at IPs and EZs, there were 282 projects whose combined fresh and additional capital was some VND62.7 trillion. Meanwhile, the same period last year witnessed 334 such projects with fresh capital recorded at some VND82.900 trillion.

The number of domestic projects at IPs and EZs has so far reached 9,650 with combined investments totaling VNDVND2,310 trillion. Compared to foreign-invested projects, the realized capital of domestic investments is much lower, at around 46.3%.

As of this month, Vietnam has 336 IPs covering 97,800 hectares. Of these, 261 have been put into operation and 75 others are in the site clearance and compensation phases. The occupancy rates at operational IPs are some 76%.

In addition, there are 17 coastal EZs whose combined land and water surface sizes amount to more than 845,000 hectares, while over 40,000 hectares of land at EZs has been leased.

Among 38 IPs covering 16,600 hectares inside EZs, there are 20 IPs operational and 18 IPs under construction.

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