Red River Delta’s industrial parks lures 390 FDI projects in 2023
Industrial parks (IPs), export processing zones (EPZs) and economic zones (EZs) in the Red River Delta granted investment registration certificates to 487 projects in 2023, including 390 foreign direct investment (FDI) and 97 domestic direct investment (DDI) projects, up 63.35% compared to last year’s figure.
A gas range component production line of the Japanese-invested Paloma Vietnam Co. Ltd in the Vietnam - Singapore Industrial Park in Hai Phong city. (Photo: VNA)
Hanoi (VNA) – Industrial parks (IPs), export processing zones (EPZs) and economic zones (EZs) in the Red River Delta granted investment registration certificates to 487projects in 2023, including 390 foreign direct investment (FDI) and 97domestic direct investment (DDI) projects, up 63.35% compared to last year’s figure.
ꦕ Totalnew and adjusted investment capital in FDI projects reached 13.17 billion USD last year, ayear-on-year increase of 74.6% and 99.1 trillion VND (4 billion USD) in domestic ones, a year-on-year hike of 107.1%.Localities with outstanding performances are Hai Phong, Quang Ninh, Bac Ninh,Thai Binh, Hai Duong, Hung Yen and Ha Nam.
Themanagement boards of IPs, EPZs and EZs in the Red River Delta have proactively monitored the operationsof enterprises with a view to promptly advising provincial and city People's Committees in the region on measures to remove difficulties for them and stabilise production and business, accordingto Tran Van Kien, head of Ha Nam IPs Management Board. Therefore, investmentprojects in the region have been implemented quickly, ensuring their progressand positively contributing to local socio-economic development. Totalrevenue of FDI enterprises in the region's IPs, EPZs and EZ topped 142.8 billion USD, up 20.5% compared to2022 and that of the DDI business sector hit 475.5 trillion VND, up35.1%. They contributed 8.48 billion USD and 29.4 trillion VND,respectively, to the State budget last year. TheRed River Delta region is home to 11 EZs with a total area of 442,224 hectares and 179 IPsand EPZs with a total area of 49,348 hectares, of which 99 zoneshave been put into operation. Kiensaid that this year the boards will focus on making recommendations for the design of investment policies suitable for each industry in order toattract quality FDI capital, and the organisation of investment promotion activities and policy dialogues with enterprises on measuresto tackle difficulties facing them, especially those relating toadministrative procedures and land issues./.
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A gas range component production line of the Japanese-invested Paloma Vietnam Co. Ltd in the Vietnam - Singapore Industrial Park in Hai Phong city. (Photo: VNA) 
