Northern IPs lure over 3,000 investment projects

Industrial and economic parks in northern provinces have so far attracted more than 3,000 domestic and foreign invested projects with total capitalisation of over US$40 billion.

They make up nearly 40 percent of the total number of projects invested in industrial and economic parks across the country, according to a conference of management boards of these parks held in Haiphong city on June 15.

Major parks that have operated efficiently include Dinh Vu-Cat Hai (Haiphong city), Nghi Son (Thanh Hoa province), Van Don (Quang Ninh province) and Chan May-Lang Co (Thua Thien-Hue province).

Delegates made an in-depth analysis of the existing policies and mechanisms barring land clearance, compensation, and investment attraction that reduce the attractiveness of these parks.

They proposed preferential policies for housing projects for employees, investment promotions, and development of industrial parks in disadvantaged areas.

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