WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / News
Foreign investors pour US$194 billion into Vietnam's industrial and economic zones
Ngoc Thuy 14:59, 2020/06/04
In the first five months of 2020, industrial parks and economic zones drew 390 foreign projects worth US$4.3 billion.

Vietnam's industrial parks (IPs) and economic zones (EZs) have so far attracted 9,850 foreign-invested projects with total registered capital of nearly US$194 billion, 70% of which has been disbursed, according to the Ministry of Planning and Investment (MPI). 

 Foreign investors pour US$194 billion into Vietnam's industrial and economic zones.

Meanwhile, IPs and EZs have received VND2,300 trillion (US$99 billion) in terms of newly-registered capital and additional capital poured into 9,650 projects carried out by Vietnamese investors, stated a MPI’s report, adding 45% of the said amount has been disbursed.

In the first five months of 2020, industrial parks and economic zones drew 390 foreign projects worth US$4.3 billion.

Due to the Covid-19 pandemic, revenues of enterprises operating in IPs and EZs suffered an 8% decline year-on-year in the January – May period to US$81 billion, while their exports rose 4% to US$58 billion.

Additionally, over 3.82 million workers are being employed in IPs and Ezs, down 0.77% against late 2019.

Since the beginning of 2020, around 120 enterprises in EZs and IPs were forced to suspend operations due to the pandemic, the majority of them were in southern industrial parks in Binh Duong and Dong Nai provinces.

Vietnam currently has 336 industrial zones covering an area of nearly 97,800 hectares as of the end of May, of which 260 are operational, other 76 are in the process of site clearance and construction. The occupancy rate reached 76.1% at operating industrial parks.

Additionally, the country has 17 coastal economic zones covering a combined area of approximately 845,000 hectares on land and water surface.

RELATED NEWS
TAG: Vietnam covid-19 coronavirus nCoV pandemic MPI industrial parks economic zones FDI
Other news
14:43, 2024/11/18
Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
The Vietnamese leader urges the aircraft manufacturer to collaborate on technology transfer, airport construction and operation, research, and investment in Vietnam.
21:55, 2024/10/22
Better links with FDI firms to support Hanoi businesses
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
15:24, 2024/09/24
Vietnam calls for more US investment in innovation, hi-tech
The Vietnamese leader called on relevant agencies to resolve any challenges faced by investors and enhance the investment climate to encourage greater US investment in Vietnam.
14:13, 2024/09/23
Vietnamese leader urges Boeing to build production facility in Vietnam
Boeing is committed to continuing to support the development of Vietnam's aviation ecosystem, focusing on aviation infrastructure, human resources training, airport construction, and aircraft maintenance facilities.
14:38, 2024/09/17
Foreign capital pouring into Vietnam's real estate market
Experts are optimistic that the 2024 Land Law, once enacted, will help resolve legal bottlenecks and attract more FDI.
16:27, 2024/08/24
Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.