Hanoi okays industrial zone plan for new investment

10:30 | 25/04/2018 Local Industry

(VEN) - The Hanoi People’s Committee recently issued a decision (1292/QD-UBND) approving the development of industrial zones (IZ) for small to medium-sized enterprises ahead of a new wave of domestic and foreign investment anticipated until 2030.

hanoi okays industrial zone plan for new investment

159 IZs to be established

According to the plan for Hanoi IZ development to 2020, the city will offer 138 IZs on about 2,622 hectares. These include 64 existing IZs (totaling 1,598ha in area) that will remain unchanged or changed, expanded, improved or standardized; 22 IZs (about 429ha) located in the green belts, which will be controlled in terms of development; and 52 potential IZs established on about 596ha. From 2021-2030, five IZs, will be expanded, and 21 other IZs will be launched on a total area of 536ha.

The capital’s northern districts of Soc Son, Me Linh, Dong Anh, Long Bien and Gia Lam will prioritize development of IZs serving electronics, information technology (IT), engineering, automobile, new material, chemical-pharmaceutical and cosmetics, and textile and garment industries. The southern districts of Thuong Tin and Phu Xuyen will prioritize IZ development for agriculture-oriented biological technology industries.

Experts say approval of the IZ development plan will encourage enterprises to develop production.

Investment diversification

Dam Tien Thang, Deputy Director of the Hanoi Department of Industry and Trade, said production facilities in residential areas will be relocated to new IZs to control environmental pollution.

IZ infrastructure developers must provide environmental impact assessment reports, while newly formed IZs must have central dust filter, noise control and wastewater treatment systems, Thang said.

Hanoi needs an estimated VND49.43 trillion for IZ infrastructure development from now to 2030, including about VND34.9 trillion from now to 2020 and VND14.53 trillion for the 2021-2030 period.

Thang said the plan would be budgeted using capital from different sources, including city coffers, IZ investors, and other sources.

Dam Tien Thang, Deputy Director of the Hanoi Department of Industry and Trade, said IZ development in Hanoi pertains to the development of high-tech zones and industrial parks in order to efficiently use the city’s land resources, connect with other localities in the capital region, and provide production spaces for small to medium-sized enterprises. Another goal is to ensure new development and removal of polluting industrial establishments from urban and residential areas.

Nguyen Hanh