Vietnam-Singapore Industrial Park (VSIP) I in Binh Duong province. (Photo: vsip.com.vn)
Foreign investors have put a combined $147.6 billion in 7,450 projects in industrial parks (IPs) and economic zones (EZs) in Vietnam as of the end of May 2016, according to data from the EZ Management Department under the Ministry of Planning and Investment.
Domestic companies have registered to invest a total of 1,180 trillion dong ($52.5 billion) in IPs and EZs.
Out of 313 IPs across Vietnam currently, 219 have been put into operation to date, with an occupancy rate of nearly 70%, while the remaining 95 IPs are under construction. Up to 87,900 hectares (ha) of land have been earmarked for IPs.
Meanwhile, 16 EZs have been set up nationwide, covering 814,792 ha of land and water surface.
Enterprises in IPs and EZs posted a combined $116 billion in revenue and $78.6 billion in export turnover last year. They paid 90.31 trillion dong ($4 billion) to state coffers and employed 2.6 million laborers.