US$112 billion poured in IPs, EZs

13:34 | 20/03/2015

VGP – The Ministry of Planning and Investment has released the information about the development of economic zones (EZ) and industrial parks (IP) in 2014.

Illustration photo

Accordingly, in 2014, five IPs were set up; seven were expanded and two had investment certificates withdrawn.

At the end of 2014, as many as 295 IPs were established on a total area of 84,000 ha, of which 212 are operating.

EZs and IPs nationwide attracted US$10.7 billion in foreign investment in 2014 and an additional capital of US$4 billion in 515 projects.

A total figure of US$85.5 billion in Foreign Direct Investment (FDI) was poured into IPs, of which US$49 billion were realized, accounting for 57%.

EZs drew US$37 billion of which US$13.5 billion were disbursed, accounting for 36%.

In total, FDI in IPs and EZs reached US$112 billion to date.

These IPs and EZs gained US$118 billion in revenue in 2014, up 18% against the previous year, and created 2.4 million jobs.

By Thuy Dung