THE SOCIALIST REPUBLIC OF VIET NAM
Government News
Hà Nội’s IPs to attract US $300 million FDI in 2009
VGP - According to the Hà Nội management board of industrial parks (IPs) and export processing zones (EPZs) , this year the capital city is expected to attract 35 new investment projects in industrial parks with a total registered capital of about US $150 million. It also plans to license 80 additional investment adjustments of another US $150 million.
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Yamaha Factory in Hà Nội’s Thăng Long Industrial Park |
After its administrative expansion, Hà Nội has 12 IPs covering 2,500 ha. Some IPs like Thăng Long, Nội Bài and Sài Đồng B are fully occupied.
The city has planned 30 IPs, EPZs and hi-tech parks on the total area of 10,000 ha. It also manages a 500-ha biotech park in Từ Liêm District.
It is predicted that the revenue of IPs will increase by 15-20% compared to that of 2008 and the total export value of businesses operating in these zones will reach US $1.85 billion.
Since Việt Nam opened its door to the world, Hà Nội has gained a top position in attracting foreign investors.
According to the Municipal People’s Committee, the city is calling for investments in the development of financial centers, banks, urban areas, trade centers, offices for lease, exhibition centers, training facilities, research and development establishments, hi-tech parks, electronic industry, informatics, electric equipment, mechanical engineering, high-class building materials, fashion and sport-wear, cosmetics, food processing and hi-tech agricultural zones.
In 2008, IPs in Hà Nội attracted 22 new projects valuing US $75.16 million.
The biggest foreign invested project was the Japanese wholly-owned Sumitomo NACCO Materials Handling Việt Nam Company Ltd (US $18 million).
Investors of FDI projects in Hà Nội mainly came from Asian countries, including Japan, Taiwan, China and the Republic of Korea.
By Ngọc Vân