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Wednesday, October 5, 2022

Investment into industrial parks rises despite Covid-19

The Saigon Times

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HCMC – Despite the negative impact of the Covid-19 pandemic, industrial parks and economic zones nationwide attracted 539 foreign-invested projects and 615 domestic ones, with their registered capital totaling US$12.8 billion last year, rising 15% against 2020.

Besides, investors poured VND236.2 trillion (US$10.3 billion) to expand existing projects, equivalent to that in 2020, according to the Ministry of Planning and Investment.

The ministry’s Department of Economic Zones Management said as of the end of last year, Vietnam had 564 industrial parks under planning with a total area of 211,700 hectares. The country was also home to some 400 established ones covering 123,500 hectares in total, including 292 industrial parks that had been put into operation and 108 under construction.

Among the operational industrial parks, 265 have been equipped with concentrated wastewater treatment plants capable of treating a maximum of 1.24 million cubic meters a day, meeting the target assigned by the National Assembly.

The occupancy rate at industrial parks reached 52.5% overall, while that at the operational ones was approximately 71%.

In addition, the country has established 18 coastal economic zones in 17 cities and provinces with total land and water surface area of 871,500 hectares.

Up to now, industrial parks and economic zones across the country have attracted 10,311 foreign direct investment (FDI) projects and 10,288 locally invested ones worth a total of US$231.6 billion and US$11.04 billion, respectively. Their disbursed capital reached some 69% and 46.5% of the total registered capital, respectively.

According to the Department of Economic Zones Management, the prime minister approved 43 construction, expansion and infrastructure upgrade projects in industrial parks and economic zones with a total area of 11,231 hectares last year.

In the context of the complicated Covid situation, the total revenue of industrial parks and economic zones fell 27% year-on-year to US$182 billion in 2021. Their exports dropped 11% year-on-year to US$132 billion, accounting for 59% of the country’s total exports.

Industrial parks and economic zones contributed approximately VND121 trillion to the State budget last year, falling 7.5% against 2020.

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