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FDI forecast to increase at IZs and EZs

Update: April, 26/2014 - 08:48
The Trang Due Industrial Zone in northern Hai Phong Province. — Photo baohaiphong

HA NOI (VNS)— Foreign direct investment (FDI) influx into the country's industrial zones (IZs) and economic zones (EZs) will continually increase till year-end, noted Planning and Investment Ministry's Department for Economic Zones Management.

According to the department, over the past three months, the IZs and EZs attracted US$800 million from 70 foreign-invested projects.

The projects were mainly related to electronics, telecommunications, and the support industry.

With the latest addition, the total FDI registered in the zones has crossed over US$112 billion as of March, accounting for 50 per cent of the nation's registered FDI over the past 25 years.

In 2013 alone, the FDI pledged for the zones constituted over 92 per cent of the country's total FDI at US$19.94 billion.

The impressive figures have demonstrated the zones' advantages in investment attraction, especially from foreign investors. This information was published on baodautu.vn.

These zones are now home to large-scale projects applying advanced technology, such as Samsung Group's projects worth a combined total of over US$3.2 billion in the northern Thai Nguyen Province and LG Electronics Viet Nam's US$1.5 billion factory complex in the northern port city of Hai Phong.

Currently, Viet Nam has 289 IZs with a total area of 81,000 hectares and 15 EZs with a total area of 697,800 hectares. — VNS

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