A number of new industrial zones (IZs) will be established in the northern port city of Hai Phong in the near future, said head of the provincial management board of economic zones Pham Van Moi.
Hai Phong (VNA) – A number of new industrialzones (IZs) will be established in the northern port city of Hai Phong in thenear future, said head of the provincial management board of economic zonesPham Van Moi.
Specifically, the Ministry of Planning and Investment is verifying752ha Xuan Cau – Cat Hai industrial infrastructure and non-tariff zone worthover 14.1 trillion VND (613 million USD), and Cau Cuu – An Lao industrial zoneon a site of 93.27ha with a total investment of 845 billion VND (36.3 millionUSD), which will be submitted to the Prime Minister for approval.
The board is also choosing investors for projects such as AnHung – Dai Ban IZ in An Duong district, Giang Bien II IZ in Vinh Bao district;Kien Thuy, Sao Mai, Viet Phat and Tien Thanh IZs in Tien Lang district.
Hai Phong is now home to 13 IZs, nine of them are in theDinh Vu – Cat Hai economic zone (EZ).
Last year, its IZs and EZs drew 58 new foreign-invested projectswhile about 100 others increased capital and share purchases. The total new andadditional foreign direct investment (FDI) topped 1.43 billion USD, or 2.7percent higher than the 2019 target.
As of the late December 2019, the IZs and EZs attracted 367FDI projects valued at over 14.7 billion USD.
The province also lured more than 15.4 trillion VND indomestic investment last year, raising the total number of domestic projects to162 with a combined investment of over 149.5 trillion VND (6.42 billion USD) bythe end of 2019.
The board attributed the above positive performance toVietnam’s economic development strategy and progress in administrative reformin the city
At present, over 130,000 labourers are working for IZs andEZs in Hai Phong, about 30 percent of them come from northern and north centralprovinces./.
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Illustrative image (Photo: Internet) 
