Indonesia will establish six new Special Economic Zones and expand an existing one to boost investment.

The Ministry of Information and Communications (MIC) on August 12 held a working session with relevant ministries and agencies to collect feedback on the draft Law on Digital Technology Industry before submitting it to the Government and the National Assembly.

The northern province of Nam Dinh commits to creating favourable conditions, simplifying administrative procedures, and providing support in the framework of the State regulations for Singaporean investors, Secretary of the provincial Party Committee Pham Gia Tuc has said.

Agriculture has long been the backbone of Vietnam’s economy for a number of comparative advantages, such as cultivated land, forest cover, sea territories, tropical climate, and available and cost effective labour, according to Surajit Rakshit, Head of Global Trade and Receivables Finance, HSBC Vietnam.

A delegation of officials from Cuba had a working session with representatives of the Hai Phong Economic Zone Authority (HEZA) on May 11 on the occasion of their trip to the northern port city of Hai Phong.

The index of industrial production (IIP) of the northern port city of Hai Phong is expected to grow by 13.5 – 14.5% per year, towards increasing the proportion of the manufacturing industry in GRDP to 46%.

The central province of Thua Thien – Hue has started construction on a 300m long breakwater at Chan May Port to increase its capacity.

Vietnam has a “golden chance” to attract a new wave of foreign investment, especially to economic zones and industrial parks.

Vietnam has a “golden chance” to attract a new wave of foreign investment, especially to economic zones (EZs) and industrial parks (IPs), according to Deputy Minister of Planning and Investment Tran Quoc Phuong.

The northern province of Quang Ninh has affirmed the viewpoint of selective investment attraction in industrial development, including prioritising environmentally friendly projects.

Over the past 30 years, industrial parks (IP) and economic zones (EZ) across the country have attracted over 100 billion USD of investment, and created jobs for more than 4 million labourers, according to the Ministry of Planning and Investment (MPI).

The Ministry of Planning and Investment (MPI) has called for the implementation of an industrial environmental index in Vietnam, according to Le Thanh Quan, head of MPI's department of economic zone management.

The northern city of Hai Phong has attracted 755.75 million USD in foreign direct investment (FDI) to local industrial parks (IPs) and economic zones (EZs) in the first half of 2022, raising total FDI there to 22.07 billion USD.

Vietnam has about 335 industrial parks across the country together with 17 economic zones, which play an important role in investment attraction and State budget collection.

Vietnam's industrial parks and economic and export processing zones need to overcome weaknesses to attract further high-quality foreign direct investment, experts have said.

Industrial parks (IPs) and economic zones (EZs) in the central province of Quang Tri has attracted 221 projects worth over 472.2 trillion VND (20.3 billion USD) by the end of May, statistics show.

The Hai Phong Economic Zone Authority (HEZA) on January 24 granted investment licenses to five projects in industrial parks, including three foreign-invested projects worth 140 million USD and two domestic ones valued at over 2 trillion VND (86.9 million USD).

Economic and industrial parks nationwide drew 539 foreign-invested and 615 domestic projects with a total registered capital of 12.8 billion USD last year despite COVID-19 pandemic, up 15 percent annually, reported the Ministry of Planning and Investment (MoPI).

Over 70 percent of workers in industrial parks (IPs) in the northern province of Quang Ninh have been vaccinated against COVID-19, said the management board of the provincial IPs.

Local industrial parks (IPs) and economic zones (EZs) attracted about 6.02 billion USD in both registered capital of 291 new foreign-invested projects and additional capital into existing ones in the first five months of 2021, an increase of about 10.3 percent year-on-year, the Ministry of Planning and Investment (MPI) has reported.