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IP land occupancy rate reaches 73 percent

The occupancy rate in operational industrial parks (IPs) across the country has reached 73 percent, according to the Economic Zone Management Department under the Ministry of Planning and Investment.
IP land occupancy rate reaches 73 percent ảnh 1At the Crystal Sweater Vietnam in Trang Due IP in Hai Phong (Source: VNA)

Hanoi (VNA) - The occupancy rate inoperational industrial parks (IPs) across the country has reached 73 percent,according to the Economic Zone Management Department under the Ministry ofPlanning and Investment.

As of early June, there were 325 IPs, including44 foreign-invested ones, nationwide with combined area of 94,400 hectares, with64,000 hectares for lease.

Of which, 200 IPs on 60,900 hectares have beenput into operation. The rest of the area is under construction.

The coastal area is home to 36 IPs andnon-tariff areas in 16 economic zones (EZs), covering 815,000 hectares on landand water. They span over a combined area of 16,100 hectares, with 7,800hectares were for lease.

Two more coastal EZs are to be established inthe northern province of Nam Dinh and Thai Binh.

Total registered and adjusted capital of 375foreign investment projects in the IPs was reported at 6.2 billion USD, whilethe domestic figure was 108 trillion VND (4.75 billion USD) in 318 projects and115 adjusted ones.

Big projects registered in May include theexpansion of a 2.5 billion-USD factory of Samsung Display Vietnam in Yen PhongIP, the northern province of Bac Ninh; a 220 million-USD tire cord project of theRepublic of Korea’s Kolon Industries Inc. in the southern province of BinhDuong; and a steel production factory worth 60 trillion VND (2.64 billion USD)of Hoa Phat Group in Dung Quat EZ in the central province of Quang Ngai.-VNA
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