More than 300 new IPs open in Q1

Some of the projects registered in Q1 included: DaYang Paper Mill Limited Company in Long Jiang Industrial Park (US$220 million); Maple Co’s (Singapore) garment factory in Bac Ninh’s Vietnam-Singapore Industrial Park (US$110 million) and New Wing Interconnect Technology’s audiophones plant in Bac Giang province (US$100 million).

Industrial parks and economic zones enticed 270 projects with total registered capital of US$292 million in the first three months. The projects focus mainly on luxury garment production and support industries for the textiles and engineering sectors. HCM City and Dong Nai Province led the country in terms of investment attraction.

By the end of March this year, industrial and economic zones in the whole country attracted 6,608 projects with total registered foreign capital of US$145.5 billion, reported the Economic Zones Management Department.

In addition, 6,592 domestically-invested projects also reached registered capital of VND1.17 trillion.

Some 214 industrial zones have been operational with a total land area of nearly 60,000ha and 91 industrial parks are being developed with total natural land area of more than 24,000ha.

The total industrial land for lease reached more than 27,000ha with 49 percent of filled land sites. Those are being operational having more than 69 percent of filled land sites.

The Ministry of Planning and Investment (MPI) issued investment registration certificates for more than 160 foreign investment projects with total registered investment capital worth over US$2 billion in the first quarter of 2016.

The MPI also gave permission for 125 existing foreign projects to increase their investment by a combined US$500 million.