Government approves IPs development plan by 2015
The government has issued Decision 1107/QD-TTg dated August 21,
2006 approving a plan to develop industrial parks nationwide (IPs) by 2015 with
orientations through 2020.
The plan aims to establish a system of key IPs to lead the
national industrial development and boost the change of economic structures at
localities having a low industrial proportion.
Under the plan, established IPs will be basically filled up by
2010. New IPs will be set up selectively with increased area of 15,000-20,000
hectares, raising the country�s total IPs area to 45,000-50,000 ha by 2010, to
65,000-70,000 ha by 2015 and to 80,000 ha by 2020.
IPs' contribution to the country's total industrial production
value will increase to 40% in 2010 from the current 24% and over 60% in the next
period. IPs will also make up 40% of the country's total export industrial value
in comparison with the 19.2% at present.
IPs will attract an additional 6,500-6,800 investment projects
with combined registered capital of US$36 - 39 billion, of which some 50% has
A synchronous investment will be focused on IPs' infrastructure,
especially waste water treatment facilities and open green spaces, in order to
maintain environmental protection and sustainable development.
The Government also issued a list of
117 IPs to be established
through 2015, with 31 of them in being the Red River Delta, and
27 others to be
According to statistical figures of the Ministry of Planning and
Investment, by April 2006, 135 IPs were approved with a total area of 27,748 ha,
of which 81 are operating on 17,700 ha. IPs attracted 2,400 domestic investment
projects and 2,200 foreign-invested ones with total investment fundings of
VND116 trillion (US$7.25 billion) and US$18 billion, respectively.