EZs, IPs database to be finalized

Source: Pano feed

VGP – Deputy PM Hoang Trung Hai has urged the Ministry of Planning and Investment to work with related ministries and localities to early finalize the database on economic zones (EZs) and industrial parks (IPs).


Illustration photo

Illustration photo





The move aims to improve the domestic investment environment and sharpen the competitiveness of Vietnamese localities in the regional arena.

Deputy PM Hai, who heads the Steering Committee on EZs and IPs Development, asked the Ministry of Industry and Trade (MoIT) to review and accelerate the development of industrial complexes and report obstacles in formulation, environment, land clearance, and investment preference for prompt remedies.

Especially, the MoIT is in charge of rashly finalizing the database on the operation of EZs and IPs including land usage, sewage treatment and labor structure.


The MoIT is also responsible for assessing the establishment and operation of industrial complexes especially those that have yet complied with the regulations or are running inefficiently.


So far, Viet Nam is home to 289 IPs covering a total land area of over 81,000 hectares; 15 coastal EZs with 698,000 hectares; 28 border EZs in 21 provinces.


In the first half, IPs and EZs attracted over US$7.9 billion registered capital, occupying over 80% of the total newly-registered capital and supplemented capital.


As of June, 2013, IPs lured 4,665 FDI projects worth around US$70 billion; coastal EZs US$40 billion; border EZs US$700 million.


In addition, IPs and EZs attracted over US$14 billion from domestic investors.


IPs and EZs in some localities, however, are coping with weak management, slow infrastructure construction, complicated site clearance, prolonged complaints on land, and low FDI attraction.


By Kim Loan




Đăng ký: VietNam News

Related Posts