Vietnam’s industrial park occupancy rate reaches almost 73%

Wednesday, 2017-08-09 09:27:12
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An industrial park in Tien Giang province
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NDO - The occupancy rate of 223 industrial parks (IPs) currently in operation in Vietnam has reached 73%, according to a report released by the Ministry of Planning and Investment.

As of July this year, Vietnam had 328 industrial parks covering a total land area of 96,300 hectares, of which 223 have been put into operation while the remaining parks are undergoing the site clearance phase.

The occupancy rate of all industrial parks, including both those in operation and those under construction, now stands at 51%.

In the first seven months of the year, the authorities licensed five new IPs, with a total area of almost 1,900 hectares, revoked the investment licence of one IP and excluded another one from the master plan.

To date, Vietnam is home to 16 coastal economic zones with land and water surface areas covering a total of 815,000 hectares.

In July, industrial and economic zones attracted nearly US$8.6 billion, through 553 foreign-invested projects, raising the total pledges to these parks to approximately US$164 billion, more than half of which has already been disbursed.

These zones have also received over VND1.83 trillion (US$ 80.52 million) from domestic investors so far this year.

According to the report, centralised wastewater treatment systems have been installed in 87% of the 223 IPs currently in operation.