Topic: Industrial Parks

New law aims to further promote innovation and new industrial areas.

Master planning for northern province in 2021-2030 has been approved.

Total investment in central province’s IP estimated at $88 million.

Northern city’s industrial parks and economic zones have attracted $36.3 billion to date.

Investment in 150-ha industrial park in northern province estimated at $73 million.

397 industrial parks have been established nationwide.

Infrastructure construction at the Song Cong II Industrial Park in northern Thai Nguyen province’s Song Cong city, on 250 ha and with total investment of over VND1.7 trillion ($71.5 million), is a key project in the locality. The province has proposed increasing investment by nearly VND600 billion ($25.2 million), while also delaying implementation to 2023. Thai Nguyen has only six industrial parks on a total area of 1,420 ha.

A goal of industrial development through setting up industrial parks is being pursued by many localities in Vietnam.

Deputy Minister of Planning and Investment Tran Quoc Phuong provided insights into industrial parks and economic zones at the recent Vietnam Industrial Park Forum 2022.

Analysts assess the role and drawbacks of industrial parks in attracting FDI.