Affected by the COVID-19 pandemic, the situation of international trade and investment decreased. In the first 6 months of 2020, the total newly registered capital, adjusted and contributed capital to buy shares by foreign investors reached 15.67 billion USD, equaling 84.9% over the same period in 2019. In which, the Vietnam’s economic zones and industrial zones have attracted about 335 FDI projects with newly and additionally registered capital of about 6 billion USD.
Vietnam’s industrial park attracts 6 billion FDI
The total number of FDI projects by June 2020 increased to about 9,835 projects with a total registered capital of about 197.8 billion USD. Realized investment capital reached about 72.3%.
As for domestic investment projects, Vietnam’s economic zones and industrial parks have attracted about 282 projects with a total newly and additionally registered capital of about VND62.7 trillion.
Accordingly, bringing the total number of domestic investment projects to 9,650 projects with a total investment capital of about 2.31 million billion VND. Realized investment capital reached about 46.3%.
Many economic zones and industrial zones in Vietnam were established
According to the Ministry of Planning and Investment, by the end of June 2020, there were 335 industrial parks in Vietnam established nationwide with a total natural land area of about 97.8 thousand hectares, of which industrial land area reached nearly 66 thousand ha.
The whole country has 17 coastal economic zones that have been established with a total land and water surface area of more than 845 thousand ha, the leased land area in functional zones in the economic zone reaches over 40,000 ha. In which, there are 38 Vietnamese industrial parks with a total area of about 16.6 thousand hectares, the industrial land area is nearly 10 thousand hectares.
Economic situation in the first 6 months of the year
In the first months of 2020, the COVID-19 pandemic has had far-reaching effects on the world economy as well as Vietnam. Economic forecasts all paint a bleak picture with negative growth in many major powers.
According to the International Monetary Fund’s first quarter 2020 world economic report, the global economy is expected to contract by 3% in 2020, much more severe than the 2008 financial crisis.
Golden opportunity for Vietnam’s industrial zones
However, from the COVID-19 pandemic, many countries and large economic groups have learned lessons. One of those lessons is to diversify supply, avoid depending on the economy or country to reduce supply chain risks. This is a rare golden opportunity for developing economies like Vietnam.
Vietnam’s success in controlling the COVID-19 pandemic and positive policies for economic recovery are attracting the attention of many foreign investors and large global economic groups. The question is, is Vietnam ready for a new wave of investment?
According to investors, besides outstanding competitive advantages such as political stability, large consumption market, innovative government and abundant labor force at competitive cost compared to other countries in the area. Investors still have concerns related to policy instability, unclear laws and lack of transparency, making it difficult for investors in this process. perform; infrastructure for logistics activities has not been developed synchronously; highly qualified human resources are limited…
Located in the most potential area of Hai Phong and the whole country, Nam Dinh Vu Industrial Park is proud of its synchronous facilities, abundant human resources, and international standards. We are ready to welcome investors and help our partner’s manufacturing business develop sustainably.
