The occupancy rate at operational industrial parks (IPs) across the country has reached 73 per cent, according to the Economic Zone Management Department under the Ministry of Planning and Investment.

As of early June, there were 325 IPs nationwide, including 44 foreign-invested ones, with combined area of 94,400ha, out of which 64,000ha were for lease. Of this area, 200 IPs on 60,900ha have been put into operation. The rest of the area is under construction.

The coastal area is home to 36 IPs and non-tariff areas in 16 economic zones (EZs), covering 815,000ha on land and water. The IPs span a combined area of 16,100ha, with 7,800ha for lease.

Two more coastal EZs are to be established in the northern provinces of Nam Dinh and Thai Binh.

Total registered and adjusted capital of 375 foreign investment projects at the IPs was reported to be US$6.2 billion, while the domestic figure was VND108 trillion ($4.75 billion) in 318 projects.

Large projects registered in May include the expansion of a $2.5 billion factory of Samsung Display Vietnam in Yen Phong IP, the northern province of Bac Ninh; a $220 million tire cord project of the Republic of Korea’s Kolon Industries Inc. in the southern province of Binh Duong; and a steel production factory valued at VND60 trillion ($2.64 billion) of the Hoa Phat Group at Dung Quat EZ in the central province of Quang Ngai. — VNS