"Eliminating" industrial parks that cannot attract projects

“The spirit is to resolutely reduce areas, eliminate ineffective industrial zones that cannot attract projects, and at the same time strictly implement investment projects in areas where infrastructure has been built.”
That was the direction of Deputy Prime Minister Hoang Trung Hai at a meeting on building directions and tasks for the development of industrial parks and economic zones on March 19.
The report at the meeting showed that in 2014, industrial parks and economic zones attracted 752 additional projects and increased capital for 515 projects with a total new and increased investment capital of 14.7 billion USD. In the manufacturing sector alone, total FDI capital in industrial parks and economic zones accounts for more than 90% of total FDI capital in the country.
Accumulated by the end of 2014, industrial parks across the country have attracted 5,573 FDI projects with a total registered investment capital of 85.5 billion USD, realized investment capital reached 49 billion USD, equal to 57% of registered investment capital.
In 2014, the total revenue of industrial parks and economic zones reached more than 118 billion USD, an increase of 18%; Export turnover reached over 73.4 billion USD, an increase of 43%, contributing 49% of the country's total export turnover.
However, in recent times, authorities and localities have also reviewed and handled ineffective industrial parks. For industrial parks in group 4 - with low occupancy rates, no compensation, site clearance, and no investment in infrastructure construction, there have been 5 industrial parks that have reduced their planning area, changed investors, and changed land use purposes. Group 5 industrial parks have implemented the recovery and scale reduction of thousands of hectares in two projects.
Concluding the meeting, Deputy Prime Minister Hoang Trung Hai said that the activities of economic zones and industrial parks are not commensurate with their potential, the average occupancy rate is 65% of the area, so they need to be promoted more strongly.
The Deputy Prime Minister requested that in the coming time, the Ministry of Planning and Investment and localities focus on reviewing and adjusting plans to report to the Government.
"The spirit is to resolutely reduce areas, eliminate ineffective industrial zones that cannot attract projects, and at the same time strictly implement investment projects in areas where infrastructure has been built," the Deputy Prime Minister directed.
Along with that is reviewing the planning of industrial clusters when the number of clusters is currently considered to be many and scattered, with many places developing according to the movement while the infrastructure has not been able to meet it.
The Deputy Prime Minister noted that investment should be focused and focused, avoid spreading support sources, and at the same time pay attention to attracting social investment in infrastructure construction as some projects have done and research and amend mechanisms and support levels for infrastructure investment...