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IP, EZ revenue heading upwards

Released at: 15:18, 29/09/2015

IP, EZ revenue heading upwards

Revenue higher than last year and contributing substantially to total exports.

by Son Ho

Total revenue from industrial parks (IPs) and economic zones (EZs) around Vietnam reached $110 billion in the first nine months of the year, increasing 90 per cent year-on-year and representing 85 per cent of the annual plan, the Ministry of Planning and Investment wrote in a report on the construction and development of IPs. Besides the strong growth in revenue, exports from the parks stood at $47.6 billion, or more than half of Vietnam’s total exports.

In the first nine months there were four new IPs established or expanded: Thanh Hai (Ninh Thuan province), Chu Trinh (Cao Bang province), Chan Hung (Vinh Phuc province), and Mong Hoa (Hoa Binh province). Three new EZs were also established or expanded: South East Quang Tri (Quan Tri province), South East Nghe An (Nghe An province), and Nghi Son (Thanh Hoa province).

To date, 299 IPs and EZs have been licensed, of which 212 have been put into operation and 87 are under construction. The total land area is more than 26,000 ha, with an occupancy rate of 48 per cent.

Investments in IPs and EZs continue to grow handsomely, in particular attracting foreign direct investment. In the first nine months total FDI in the parks reached $8.72 billion, a 12 per cent increase year-on-year and focusing on the production of high-quality garments, electronics, and the processing and manufacturing sector.

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