Vietnam's industrial parks are forecast to lure 8 billion U.S. dollars while the economic zones to attract 2 billion U.S. dollars from foreign direct investment ( FDI) in 2014, said a report by Vietnam's Ministry of Planning and Investment (MPI) on Tuesday.
According to a recent MPI's report on the operating situation of Vietnam's industrial parks and economic zones in 2013 and development plan in 2014, there are currently 289 industrial parks and 15 economic zones across Vietnam.
In 2014, MPI forecasts that Vietnam's industrial parks will attract some 8 billion U.S. dollars of FDI, accounting for 55 to 60 percent of the country's total FDI.
Another 32 trillion Vietnamese dong (1.51 billion U.S. dollars) of domestic investment is expected to flow into Vietnam's industrial parks in 2014 alone, Bao Cong Thuong (Industry and Trade News), an online newspaper of Vietnam's Ministry of Industry and Trade quoted MPI's report as saying.
Under this progress, an accumulation of 79 billion U.S. dollars in FDI and 505 trillion Vietnamese dong (23.93 billion U.S. dollars) of domestic investment are expected to be poured into Vietnam's industrial parks till the end of 2014, said the report.
At the same time, Vietnam's economic zones plan to lure 2 billion U.S. dollars of FDI and other 25 trillion Vietnamese dong (1.18 billion U.S. dollars) of domestic investment in 2014, bringing the cumulative value of the country's foreign and domestic investment till the end of 2014 to 38.5 billion U.S. dollars and 245 trillion Vietnamese dong (11.61 billion U.S. dollars), respectively.
International and national industrial parks in Vietnam are to collect 72 billion U.S. dollars in revenue in 2014, 2 billion U.S. dollars higher than that of 2013, contributing some 40 trillion Vietnamese dong (1.89 billion U.S. dollars) to the state budget.
Meanwhile, revenue of economic zones is estimated to be 10 billion U.S. dollars, contributing 23 trillion Vietnamese dong (1. 09 billion U.S. dollars) to Vietnam's state budget in 2014, according to MPI's report.
Till the end of 2014, Vietnam's industrial parks and economic zones are likely to create 2.1 to 2.2 million jobs.
Shanghaidaily
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