Hanoi would accelerate the planning for industrial parks in the city during the 2021-2030 period, with a short-term goal of putting into operation five new ones before 2025.

Deputy Secretary of the Hanoi Party Committee Nguyen Thi Tuyen at the ceremony. Photo: The Hanoi Times

Deputy Secretary of the Hanoi Party Committee Nguyen Thi Tuyen gave the remarks at the signing ceremony of a cooperation agreement between the Hanoi Industrial and Export Processing Zones Authority (HIZA) and local districts on industrial parks management on May 26.

According to Tuyen, the city would continue allocating land for the construction of social housing and other supporting facilities of industrial parks and hi-tech zones in Hanoi.

Tuyen highlighted the effective cooperation between the authorities at the district level in Hanoi and the HIZA in minimizing Covid-19 impacts on the operation of industrial parks.

“The smooth operation of companies in industrial parks have contributed a significant part to Hanoi’s socio-economic recovery in the post-pandemic period,” Tuyen said.

A report from HIZA revealed it has attracted US$20 million injected into four new projects and $61 million into existing projects during the first five months of 2022.

HIZA estimated total investment capital during the first half of 2022 would reach $100 million, or 25% of the plan for 2022.

To date, industrial parks in Hanoi are home to 707 operational projects with a combined investment capital of $7 billion, half of which came from foreign investors with a capital commitment of over $6.1 billion.

For the six months, the revenue of companies operating in industrial parks in Hanoi is estimated at $4.86 billion, and their export earnings were $3.12 billion.

HIZA is expected to attract an additional $400 million in investment capital in the last half of 2022, and launch the construction of one new industrial park this year.

Hanoi set to complete the 2021-2030 master plan next year.