[Deal Street Asia, 11 May 2015] An edited extract of an sub article by Nguyen Thi Bich Ngoc, titled, Meet the leading destination of investment, industrial zones, which was published on 11 May 2015 appears below.

To read the original and unabridged article, click onto Meet the leading destination of investment, industrial zones.

It has been 23 years since Vietnam launched its first industrial zone (IZ)… By the end of 2014, the country had 295 established IZs over the total 461 planned IZs. The southeast region of Vietnam attracted the majority of industrial parks (34 per cent of the total), typically in Dong Nai, Binh Duong, Ba Ria – Vung Tau, Long An and Ho Chi Minh City.

The established IZs have effectively attracted investment in infrastructure, manufacturing and general business. The total registered capital for infrastructure construction of the 295 IZs reached $12.8 billion, data shown by Vo Dai Luoc, professor from the Vietnamese Academy of Social Sciences. By the end of September last year, Vietnamese IZs had nearly 10,600 domestic and foreign direct investment projects with a total registered capital of $33 billion.

To sum up, the annual flow of foreign direct investment (FDI) into IZs accounts for 40-45 per cent of the total FDI in the country, Luoc said…

Meanwhile, once the system is formed, the database of the investment projects will be updated. It will be a tool that serves two objects: the investors who want to know how to allocate their money in Vietnam, and the government, which looks to prevent inefficiency in investment, according to doctor Vo Anh Tuan from the Ministry of Natural Resources and Environment’s General Department of Land Administration…

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