The Ministry of Planning and Investment has come out on the front foot after criticism from National Assembly deputies that industrial parks are nothing more than a big waste of space. The attacks came after the government announced plans to add a further 260 industrial parks to the country’s current tally of 267 by 2020. The government also revealed it wanted to raise total industrial land to 200,000 hectares by 2020, well up on the 73,000ha already given over to industrial use. These ambitious plans met with fierce opposition from many National Assembly deputies with Ho Chi Minh City deputy Tran Du Lich saying it would take 50 years from now to use up the existing 73,000ha of industrial land. But a report from the Department of Economic Zones Management at the Ministry of Planning and Investment (MPI) said the development of the industrial parks was not a waste of land. The report estimates the existing industrial park land will see full occupation by 2015. Many private … [Read more...] about MPI defends industrial parks
Industrial parks
Bac Kan Industrial Park Infrastructure Development Company: Short-term Challenges, Long-term Prospects
Over 10 years of development since its inception, Bac Kan Industrial Park Infrastructure Development Joint Stock Company has encountered numerous difficulties, mostly due to the inefficient operation of enterprises at Thanh Binh Industrial Park. Despite that, with the spirit of unity and continuous efforts, the company has always been ready to accomplish all tasks and meet the requirements of investors. However, there are also huge potential, advantages and a bright prospect for enterprises at Thanh Binh Industrial Park to develop. These are the opinions of Mr La Dinh Chinh, Director of Bac Kan Industrial Park Infrastructure Development Joint Stock Company. Duy Anh reports. Could you share your opinions on the operation of the company over the last time? During the past 10 years, our company has completed phase 1 of the infrastructure of Thanh Binh Industrial Park, which has been put into operation since 2012 with the approved plan of 73.5 ha, constructing the floor area of 62.3 … [Read more...] about Bac Kan Industrial Park Infrastructure Development Company: Short-term Challenges, Long-term Prospects
Can Tho builds industrial park for Japanese investors
Can Tho builds industrial park for Japanese investorsHuynh Kim CAN THO – The Vietnam-Japan Friendship Industrial Park is being built in the Mekong Delta city of Can Tho to serve Japanese enterprises operating in the city. The industrial park is in fact a section covering 43 hectares inside Hung Phu 1 Industrial Park in Cai Rang District six kilometers from the city center. It is developed by Can Tho City’s Development Investment Fund (Cadif). The developer has completed construction of Cadif-Hung Phu 1 tenement with 170 apartments some four kilometers from the industrial park to provide accommodation to Japanese experts. Can Tho Chairman Vo Thanh Thong and Abe Masayuki, director of the Vietnam Agricultural Information Centre (VAIO), last weekend visited the industrial park. Abe Masayuki said the industrial park is suitable to mechanical engineering, precision engineering, and electronic projects. He proposed the investor divide the land into smaller lots corresponding to … [Read more...] about Can Tho builds industrial park for Japanese investors
Dung Quat Economic Zone and Quang Ngai Industrial Parks: Rendezvous for FDI Investors
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After more than 20 years of construction and development, Dung Quat Economic Zone and Quang Ngai industrial parks have confirmed their nuclear role in Quang Ngai province’s growth and gradually become an urban, industrial and service centre of the Central Key Economic Zone and of the entire nation. The great attraction from the deep seaport system, the land fund for industrial development, the better infrastructure system, preferential policies and an open investment environment convince not only domestic investors but also FDI companies to locate their investment projects in Dung Quat Economic Zone and Quang Ngai industrial parks. Leading lights After more than 11 years of development, Doosan Vina has to date earned about US$1.5 billion from exports. Its products are exported to 28 countries and territories all over the world, thus helping to position Quang Ngai in countries where Doosan Vina products are consumed. Particularly, the firm’s operations have … [Read more...] about Dung Quat Economic Zone and Quang Ngai Industrial Parks: Rendezvous for FDI Investors
Enterprises in Hanoi-based industrial parks updated on tax, customs policies
NDO - A conference has been held recently to give information about relevant tax and customs policies to enterprises in industrial parks and export-processing zones based in Hanoi.The event, held by the Hanoi Promotion Agency (HPA) on October 18, drew the participation of more than 100 companies as well as tax and customs officials.At the conference, Bui Thai Quang, the deputy head of the General Department of Taxation’s risk management department, explained new customs regulations and incentives on exports and imports as well as ways of avoiding compliance risks.Enterprises were also informed about the latest customs reforms and laws relevant to their activity.Representatives of enterprises raised many questions and received specific and satisfactory answers, helping them to have a new perspective in order to comply with customs and tax policies properly.Bui Thai Quang, on behalf of the General Department of Customs, took note of the enterprises’ feedback on tax and … [Read more...] about Enterprises in Hanoi-based industrial parks updated on tax, customs policies