Infrastructure Reality and vision for industrial zones By Dr. Phan Huu Thang (*) Sunday, Aug 2, 2020,08:06 (GMT+7) Reality and vision for industrial zonesBy Dr. Phan Huu Thang (*) Industrial parks are becoming more attractive to investors, both domestic and overseas – PHOTO: HUNG LE The media have recently featured industrial properties, especially industrial land, as a potential area to attract investment. Therefore, there are quite a few voices against the Ministry of Natural Resources and Environment’s proposal to the Prime Minister to reduce more than 18,200 hectares of industrial land in 15 localities after its revision of zoning in 24 localities. What is the current situation of industrial zones and what is the solution associated with the long-term vision for socio-economic development in general and the industrial zone system in particular to properly handle the issue? The Sino-U.S. trade war, especially the global spread of Covid-19, has forced many countries and multinationals to consider restructuring the supply chain. In Vietnam, attracting foreign direct investment (FDI) is selected by the Government as one of the five “spearheads” to spur growth in the current tough times of the economy. FDI is an important source of capital for industrial zones and economic zones, accounting for 60-70%… Read full this story
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