Industrial zones target US$300 million in FDI

January 15, 2009

VietNamNet Bridge – This year the capital city aims to attract 35 new foreign-invested projects to its industrial zones (IZs) with a total registered capital of US$150 million and an additional investment of US$150 million.

VietNamNet Bridge – This year the capital city aims to attract 35 new foreign-invested projects to its industrial zones (IZs) with a total registered capital of US$150 million and an additional investment of US$150 million.

The hope is for a year-on-year increase of 15-20 percent in revenue and an export value of US$1.85 billion, according to the municipal Industrial and Export Processing Zones Management Board.

In 2008, Hanoi’s IZs attracted 22 foreign-invested projects valued at US$75 million. The largest newly-licensed project was the US$18 million plant to produce transmissions and axle components for forklift trucks for export financed by the Japanese-invested Sumitomo NACCO Materials Handling Vietnam.

Investors from Japan, Taiwan, mainland China and the Republic of Korea mainly invested in mechanical engineering, industrial production and services, representing an increase of 6 percent in total capital.

The expanded Hanoi is now home to 12 IZs, covering a total area of 2,500ha, of which Thang Long, Noi Bai and Sai Dong B are full to capacity.

Top priority will be given to large-scale and environmentally-friendly projects, including those in the hi-tech sectors to increase the investment capital.

(Source: VNS)

Update from: http://english.vietnamnet.vn//biz/2009/01/824004/

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