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Industrial parks play an important role in the total budget

Industrial parks play an important role in the total budget

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Industrial parks and economic zones have attracted more than 10 thousand domestic projects and nearly 11 thousand valid FDI projects with a total registered investment capital of about 340 billion USD respectively (of which total FDI investment capital is FDI. is about $230 billion). In recent years, on average, annual FDI capital in industrial parks and economic zones accounts for about 35-40% of the country's total increased registered FDI capital.

If only in the field of processing and manufacturing, FDI capital in industrial parks and economic zones accounts for 70-80% of the total registered capital of the country. At the same time, industrial parks and economic zones have really become key areas to attract investment capital and large projects at home and abroad. Canon, LG, Sumitomo, Foxconn, VSIP…

In addition, the 4th industrial revolution promotes the transformation of production models, business cooperation, and global value chains; methods of operating, organizing, and mobilizing resources of enterprises, transforming enterprises from simple digitization to innovative forms based on a combination of various technologies. These factors will affect the development model and orientation of industrial parks and economic zones in Vietnam in the coming time.

Deputy Minister of Planning and Investment Tran Quoc Phuong said that recently, the ministry has advised the Government to issue Decree No. 35/2022/ND-CP dated May 28, 2022, regulating the management of industrial parks and industrial zones. economic zones, in which new types of industrial parks and economic zones have been added, procedures for setting up industrial parks have been abolished to reduce administrative procedures, and a number of regulations have been added and amended to improve efficiency. land use results in the development of industrial parks and economic zones.

In the coming time, the Ministry of Planning and Investment will work with other ministries, branches, and localities to continue researching and perfecting mechanisms and policies and accompanying investors to build the business and investment environment of the industrial park. Economic zones are becoming more and more transparent and convenient.

Source: thobaotaichinhvietnam

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