Industrial parks create production value of US$2 million per hectare

At a conference on Feb.17 to review the development of industrial parks, export processing and economic zones for the last 20 years in Vietnam, the Ministry of Planning and Investment said that Industrial Parks created an average industrial production value of US$2 million per hectare.

Export values reached $1.27 million per hectare and they contributed to the national budget around VND1.38 billion per hectare. The growth of industrial production value and export turnover of industrial parks was always higher than that of the whole country.

During the last 20 years, industrial parks and export processing zones have mobilised huge investments from local and foreign investors to help industrialise and modernise the country.

Each year, foreign direct investment in industrial parks and export processing zones account for 35-40 per cent of the country’s total FDI, with the Industrial sector alone accounting to nearly 80 per cent.

By 2011, industrial parks and export processing zones had created jobs for more than 1.7 million labourers. However, they also faced many difficulties on quality of projects and investments, land-use effectiveness, environment pollution, and income and housing for employees.

By A.Thu – Translated by Thuy Doan

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