Business

More than 300 new IPs open in Q1

The Department for Economic Zones Management reported that during Q1, the country opened 305 industrial parks covering over 84,000 hectares and 16 economic zones covering 814,792 hectares of water and
More than 300 new IPs open in Q1 ảnh 1Industrial parks and economic zones enticed 270 projects with total registered capital of 6.5 trillion VND in the first three months. (Photo: VNA/VNS Tran Viet)

Hanoi (VNA) – The Department for Economic Zones Management reported that during Q1, the country opened 305 industrial parks covering over 84,000 hectares and 16 economic zones covering 814,792 hectares of water and land.

Some of the projects registered in Q1 included: DaYang Paper Mill Limited Company in Long Jiang Industrial Park (220 million USD); Maple Co’s (Singapore) garment factory in Bac Ninh’s Vietnam-Singapore Industrial Park (110 million USD) and New Wing Interconnect Technology’s audiophones plant in Bac Giang province (100 million USD).

Industrial parks and economic zones enticed 270 projects with total registered capital of 6.5 trillion VND (292 million USD) in the first three months. The projects focus mainly on luxury garment production and support industries for the textiles and engineering sectors. HCM City and Dong Nai Province led the country in terms of investment attraction.

By the end of March this year, industrial and economic zones in the whole country attracted 6,608 projects with total registered foreign capital of 145.5 billion USD, reported the Economic Zones Management Department.

In addition, 6,592 domestically-invested projects also reached registered capital of 1.17 trillion VND.

Some 214 industrial zones have been operational with a total land area of nearly 60,000ha and 91 industrial parks are being developed with total natural land area of more than 24,000ha.

The total industrial land for lease reached more than 27,000ha with 49 percent of filled land sites. Those are being operational having more than 69 percent of filled land sites.

The Ministry of Planning and Investment (MPI) issued investment registration certificates for more than 160 foreign investment projects with total registered investment capital worth over 2 billion USD in the first quarter of 2016.

The MPI also gave permission for 125 existing foreign projects to increase their investment by a combined 500 million USD.-VNA

VNA
#IP#industrial parks#economic zones#foreign capital#investment attraction
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