Inefficient industrial parks in Vietnam with low occupancy rates will be scaled down or even closed



Inefficient industrial parks to be shuttered: Vietnam deputy premier

TUOI TRE NEWS

UPDATED : 03/23/2015 19:30 GMT + 7

Inefficient industrial parks with low occupancy rates will be scaled down or even closed to make room for other socio-economic development plans, Deputy Prime Minister Hoang Trung Hai has announced.

The deputy premier also asked the Ministry of Planning and Investment and relevant state agencies nationwide at a meeting on Thursday last week to review the current situation regarding industrial parks and their development so that the plan to scale down inefficient ones can be implemented, according to the Office of the Government.

As reported by the Ministry of Planning and Investment, Vietnam had a total of 295 industrial parks that covered over 84,000 hectares of land in 2014.

However, the report by the ministry also showed that many industrial parks have no investors, or very few, so local authorities are considering reducing their areas or handing them over to new investors.

Some parks have had their investment certificates revoked, such as Ba Thien Industrial Park in the northern province of Vinh Phuc and Cam Ranh Industrial Park in the south-central province of Khanh Hoa.

 

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