BizLIVE - Industrial parks and economic zones attracted $8.72 million in foreign direct investment in the first nine months of this year.
Foreign Investors Bring $8.72 Million to Vietnam’s IPs, EZs in Jan-Sept
The entrance to Vietnam-Singapore Industrial Park II in Binh Duong province. (Photo: Internet)
The amount increased 12% from the same period of 2014 and accounted for 67% of total FDI in the whole country, the Ministry of Planning and Investment said.
Foreign investors carried out 5,946 projects with a total registered capital of $95.99 billion as of the end of September in industrial parks (IPs), of which $55 billion had been disbursed. Economic zones (EZs), meanwhile, attracted 302 foreign-invested projects worth $38.55 billion, of which $16.52 billion had been realized.
Data of the ministry showed that domestic investors poured up to 62.62 trillion dong ($2.78 billion) into 361 projects in IPs and EZs in the nine-month period.
Companies located in IPs and EZs posted revenues of $110 billion between January and September, jumping 90% year-on-year. They also contributed 56.31 trillion dong to state coffers, up 34% year-on-year.
The government allowed the establishment and expansion of four IPs in the nine months through September, bringing the total figure to 299 with a combined area of 84,000 hectares.
Of the total, as many as 212 IPs, covering an area of 59 hectares, have become operational. Their occupancy rate was 67%, rising two percentage points from the end of 2014.
In addition, Vietnam had 44 operating EZs, including 16 coastal EZs and 28 border EZs. The EZs attracted $42 billion in FDI and 550 trillion dong from local investors, with the respective disbursement rates of 44% and 31%.