A draft Law on Urban Development proposes establishing special economic zones as provincial-level administrative units with special governance mechanisms and preferential policies to attract strategic investment and new growth drivers.
New clusters will fresh momentum for industrial development while marking the start of infrastructure investment projects aimed at improving the province’s investment climate and promoting modern, synchronised and sustainable industrial growth.
Rooftop solar power, especially when combined with Battery Energy Storage Systems (BESS), is emerging as a strategic solution, paving the way for a greener, more flexible and more sustainable industrial park model.
Việt Nam’s revised national master plan aims to new growth hubs, strengthen regional connectivity and accelerate technology-driven development as the country targets annual economic growth of at least 10 per cent in the coming years.
Prime Minister Phạm Minh Chính has recently approved the investment policy for two new urban areas in the Vân Phong Economic Zone in the central province of Khánh Hòa with a total capital of more than VNĐ65 trillion (US$2.5 billion).
Covering an area of more than 27,100 hectares, the zone has five main functional areas: a port area, an industrial area, a non-tariff area, an urban area and a tourist site.
The Yên Bình 3 Industrial Park infrastructure construction and business project will span 295.3 hectares, with a total investment of VNĐ4.14 trillion (US$163 million).
The project to build and operate the infrastructure of Xuân Cẩm - Hương Lâm Industrial Park Phase 1 covers an area of 102.85 hectares and is located in Hiệp Hòa district, in Bắc Giang province.
Building infrastructure to attract investment and operating border gates on digital platforms are the focuses of northern provinces to develop the gates into key economic zones, while ensuring security and defence.
The project, a 20,000-ha-coastal-economic zone in southern Hải Phòng City, is seeking approval from the central level, Lê Trung Kiên, Head of the Hải Phòng Economic Zones Management Board said on Tuesday.
The MPI is in the process of completing the law draft, including the six policy groups, to conditions for building large IPs, meeting the requirements of supply chain development and green and digital economic development as current directions.
Industrial parks and economic zones in the northern port city of Hải Phòng strive to attract US$2-2.5 billion in foreign direct investment (FDI) in 2024.