Investments in industrial, economic zones declines slightly in six months

The total value of foreign and domestic investments in industrial and economic zones nationwide fell slightly in the first half of 2018.

The fall in investment capital is due to fewer big-scale projects than the same period last year. According to a report by the Department for Economic Zones Management under the Ministry of Planning and Investment, Vietnamese industrial and economic zones attracted foreign direct capital in 445 projects worth nearly US$7 billion and domestic direct investment in 259 projects worth VND46 trillion (US$2.024 billion).

In the first half of 2017, Prime Minister Nguyen Xuan Phuc approved several big projects, including Hoa Phat group’s VND60-trillion (US$2.64 billion) steel production plant in the Dung Quat economic zone (Quang Ngai) and Samsung Display Vietnam’s expansion of its plant in the Yen Phong industrial park (Bac Ninh), which cost US$2.5 billion.

Major projects in the first half of 2018 included a US$1.2-billion project on building a Polypropylene plant and underground storage system of Liquefied Petroleum Gas inside the Cai Mep industrial park (Ba Ria – Vung Tau).

Other key projects in the period were Laguna Ltd’s addition of US$1.12 billion to its existing project within the Chan May – Lang Co economic zone (Thua Thien – Hue) and the Ramatex Nam Dinh textile-garment factory valued at US$80 million in Bao Minh industrial park, Nam Dinh province. 

In the first six months of 2018, authorities revoked the investment licence of Thu Thua industrial park in Long An province and approved proposals on building three more IPs which are Song Khoai, Yen My and Nam Tan Uyen industrial parks respectively located in Quang Ninh, Hung Yen and Binh Duong provinces.

To date, the country has 325 industrial parks, of which 231 are operational. The occupancy rate of operational IPs averages more than 73%.

VNA

Other News

Private economic sector poised for breakthrough growth

Private economic sector poised for breakthrough growth

More than a year after the Politburo's Resolution No. 68-NQ/TW on private sector development came into effect, expectations now extend beyond increasing the number of enterprises. The goal is to build a stronger business community with greater resilience, larger ambitions and the capacity to compete in global supply chains.

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam is expected to remain one of ASEAN’s fastest-growing economies in 2026, supported by resilient exports, strong investment inflows and an ambitious reform agenda, despite mounting global uncertainties, according to the World Bank’s latest Vietnam Economic Update released on May 15.

Ministry establishes monitoring framework for carbon market

Ministry establishes monitoring framework for carbon market

Under a new circular, the exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system.

Biofuel ready for nationwide rollout

Biofuel ready for nationwide rollout

For biofuels, particularly E10, to develop successfully, stronger and more coordinated policies are needed, especially pricing mechanisms capable of creating a sufficiently attractive gap between E10 and mineral-based petrol, an expert has said.

Vietnamese farm produce promoted at African investment, trade forum

Vietnamese farm produce promoted at African investment, trade forum

The 12th Africa Forum for Investment & Commerce (AFIC 12) opened in Algiers, the capital of Algeria, on May 9, drawing around 2,000 participants, including officials, economists, businesses, financial and development organizagtions from 43 African countries and international partners, including Vietnam.

Int'l medical, pharmaceutical expo opens in Hanoi

Int'l medical, pharmaceutical expo opens in Hanoi

The exhibition, which runs until May 9 at the Hanoi International Centre for Exhibition, showcases advanced products and technologies across a range of fields, including pharmaceuticals, drug manufacturing machinery and equipment, medical devices, hospital and clinic services and dental equipment.

Mega projects to transform Ho Chi Minh City urban landscape

Mega projects to transform Ho Chi Minh City urban landscape

Leading the charge in this massive building spree is the new central city square in the core of the Thu Thiem new urban area. Spanning more than 20 ha, it’s the crown jewel of the Central Square and new administrative center complex.

Vietnam establishes itself as one of region’s most dynamic manufacturing and supply bases

Vietnam establishes itself as one of region’s most dynamic manufacturing and supply bases

The country’s stable political and economic environment provides a critical foundation for long-term sourcing strategies. At the same time, Vietnam has demonstrated a strong ability to scale up manufacturing, supported by a continuously expanding industrial base capable of meeting both high-volume demand and increasingly complex technical and quality requirements.

Vietnamese pomelos gain broader access to Australian market

Vietnamese pomelos gain broader access to Australian market

The update by Australia’s Department of Agriculture, Fisheries and Forestry to its Biosecurity Import Conditions system (BICON) on April 10, officially setting out import conditions for Vietnamese pomelos, is regarded as a major milestone in market access efforts.

Vietnam's industry spearheads transition to circular economy

Vietnam's industry spearheads transition to circular economy

The circular economy is no longer just a policy choice. It has become an inevitable trend for delivering sustainable and green growth, sharpening competitiveness at home and abroad, and meeting Vietnam’s net-zero emissions target by 2050. It is now a prerequisite to sustain long-term economic expansion, particularly in industrial production and supporting industries.

Nearly 100 tonnes of Vietnamese fruits, vegetables airlifted to UAE

Nearly 100 tonnes of Vietnamese fruits, vegetables airlifted to UAE

Vietnamese fresh produce and processed foods are increasingly recognised for their quality, with items such as cashew nuts, coffee and spices gaining popularity among Middle East consumers. In 2025, Vietnam’s farm produce exports to the UAE exceeded 445 million USD, up nearly 24% year-on-year.