At the end of 2007 it was reported by Vietnam Economic Times magazine that Vietnam had a total of one hundred and fifty industrial zones. These were located in 49 cities and also provinces. But it has been seen that these industrial zones are mainly concentrated in the three economic regions of Vietnam. The northern, southern and central key economic zones account for eighty percent of the total area. The calculation is done out of all industrial zones in the country.
According to the Ministry of Planning and Investment i.e. MPI’s Foreign Investment Agency, Industrial Zones i.e. IZs attracted 253 projects that are foreign-invested. The total registered capital of not less than 2 billion U.S. dollar in the January-July months of 2007. This data account for more than thirty percent of the total registered foreign capital of Vietnam. This was 2.7 times more than the same monthly period of the year 2006.
The actual number of foreign-invested projects in industrial zones is 2,600, with 24.2 billion U.S. dollar of registered capital. The calculation does not include projects to develop industrial zones infrastructure. The total capital for this is 976 million U.S. dollar.
The industrial zone’s average occupancy rate is 53.5 percent.
Some plans for industrial zones i.e. IZ
A new Government plan is there for increasing development in the nation’s industrial zones. The time limit has given as 2015. This aims to lure investment of 36-39 billion U.S. dollar for over six thousand projects.
By 2010, the Vietnamese Government wants to attract enough investment with an order to lease lands in existing industrial zones. The Government also wants to establish new zones on an additional 15,000-20,000 ha. The main purpose is to increase the total area of Vietnam’s industrial zones to almost 50,000 ha by the year 2010.
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