The Ministry of Industry and Trade (MoIT) has proposed the
development of large textile and garment industrial zones (IZs) to
attract investment in dyeing, and fabric and yarn production.
Foreign direct investment (FDI) capital poured into industrial zones
(IZs) has rapidly increased recently, bringing large profits for
infrastructure development companies.
The Quang Ngai Industrial Zones (IZs) Authority has granted investment
licences to three new projects worth VND71 billion (approximately US$3.2
million).
Deputy Prime Minister Hoang Trung Hai has approved the adjusted planning
of industrial zones (IZs), scheduled to be developed in the northern
province of Nam Dinh by 2020.
Export processing zones (EPZs) and industrial zones (IZs) in this Cuu
Long (Mekong) Delta city have attracted 214 projects worth about US$1.92
billion.
The central province of Thua Thien-Hue has announced its adjustment on
development planning of six industrial zones (IZs) towards 2020, which
has been approved by the prime minister.
The southern province of Binh Duong is stepping up efforts to draw US$1
billion in foreign direct investment (FDI) for building well-equipped
industrial parks next year.
Viet Nam should accelerate investment promotions to attract more
advanced technology and environmentally friendly projects as support
industries to its industrial zones (IZs) and economic zones (EZs).
Industrial zones (IZs) in the northern province of Hai Duong have
attracted 163 projects from 30 countries and territories, with capital
totaling US$3 billion.
Export processing zones (EPZs) and industrial zones
(IZs) in the Mekong Delta city of Can Tho have attracted 204 investment
projects with capital totalling more than US$1.84 billion, according to
the latest report from the Can Tho EPZs and IZs Authority.
Industrial zones (IZs) may become more appealing if
tax incentives are re-introduced. This is the thinking behind a draft
law on Corporate Income Tax prepared by the Ministry of Finance.