Vietnam to spend VND21 trillion on industrial park infrastructure

09:43 | 03/04/2018 Investment

Nearly VND21 trillion (US$924 million) will be invested in the development of infrastructure for economic zones and industrial parks in Vietnam as part of a plan recently approved by Prime Minister Nguyen Xuan Phuc.

The move is expected to make Vietnam's economic zones more attractive to investors

The plan is designed to improve the local infrastructure in order to attract more investment into these zones by 2020.

Specifically, Vietnam aims to complete 200-250 kilometers of roads and wastewater treatment facilities with a daily capacity of 13,000-14,000 cubic meters in 16 coastal economic zones, with a further 200-250 kilometres of roads and wastewater treatment capacity of 300-400 cubic meters a day for 21 border economic zones.

At the same time, 80-100 kilometers of roads will be built for 30-35 local industrial clusters in disadvantaged areas.

Water drainage systems, wastewater treatment facilities and power supply systems will also be built for hi-tech parks.

The plan will cost nearly VND21 trillion, of which VND16.676 trillion (US$734 million) is to be funded by the central budget while the remainder will be provided by the local budgets and other financial sources.

The Ministry of Planning and Investment has been assigned with allocating resources for the projects under this plan and to cooperate with the Ministry of Finance for a review of the projects and to provide a report to the Prime Minister.

Theo NDO