Hanoi to Boast 11 New Industrial and High Tech Zones in Next Five Years

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Nov. 19 – Plans have been laid to create 11 new industrial zones and high tech parks in the Vietnamese capital of Hanoi over the next five years in a bid to attract further domestic and foreign investment, Nguyen Xuan Chinh, head of the Hanoi Industrial and Export Processing Zone Management Board, said on Thursday.

The new investment areas will be fully equipped with transport facilities, training centers, schools, service areas, gas stations and post offices as well as roads and other such infrastructure.

Hanoi currently has 19 industrial zones and high tech parks covering 7,526 hectares. To date, these areas have attracted 518 projects with a total registered capital of over US$600 million.

“Production value in these zones is as much as 40 per cent of the city’s industrial production value. They also account for more than 45 per cent of the city’s export turnover and 20 per cent of city’s gross domestic production,” reported the management board.