Vietnam to have 1,704 industrial clusters by 2025

Vietnam aims to have 1,704 industrial clusters by 2025, according to the Ministry of Industry and Trade.

Minister of Industry and Trade Nguyen Hong Dien made the statement during an online meeting about managing and developing industrial clusters on July 2.

In 2020, Vietnam had 968 industrial clusters, covering 30,912ha. Of which, the infrastructure of 450 clusters was invested in by private firms. As of now, the authorities have approved technical infrastructure projects at 955 clusters that cover 29,782ha and have a total investment of VND115 trillion (US$4.9 billion).

According to the industrial cluster development plan for 2025, Vietnam will have 1,704 clusters, covering 58,123ha.

250 clusters will be in northern mountainous areas, 515 clusters will be in the Red River Delta, 457 clusters will be in the central coast, 77 clusters will be in the Central Highlands, 146 clusters will be in the southeastern region and 259 clusters will be in the southwestern region.

Dien asked local authorities to quickly draft a development plan for their area and propose policies to attract investors. They must also have detailed rules to manage cluster operations.

He also urged for administrative reform, increase inspections and help firms deal with difficulties.

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