Since the beginning of 2022, Vietnam has quickly recovered from the negative effects of the Covid-19 pandemic. In particular, investment inflows into Vietnam industrial zone have steadily grown and seen several favorable developments in the first 10 months of the year. At the same time, Vietnam is also assessed to have greater opportunities to develop industries in the future. Let's find out more about the wave of investment in Vietnam industrial zone in the first 10 months of 2022 in the article below!
After two years of being heavily affected by the COVID-19 pandemic, Vietnam's economy in the first 10 months of 2022 showed positive signs of recovery. In the first 06 months of the year, the country's GDP reached 6.42%. The macro economy has grown steadily, foreign direct investment (FDI) inflows and exports have continuously risen.
In the first 10 months of 2022, investments in Economic zones and Industrial zones also experienced many positive changes. Noticeably, Decree No. 35/2022 on Management of Economic Zones and Industrial Zones was issued by the Government on May 28, 2022. The Decree adds new types of industrial zones and economic zones, removes unnecessary administrative procedures to simplify the procedures for establishing industrial zones as well as amends and supplements several regulations to improve the efficiency of land use in the development of industrial zones and economic zones. This Decree is a positive move from the State that supports foreign investors to expand investment opportunities in Vietnam industrial zone.
Besides, the Ministry of Planning and Investment and Investor Magazine (Nhadautu.vn) cooperated to organize the forum "Vietnam Industrial Zones 2022: Opening opportunities for new investment capital flows". The forum created a change to attract investment in industrial zones in provinces and cities and proposed solutions to promote investment capital flows, especially for foreign direct investment in Vietnam industrial zone.
2. Prospects of investment in industrial zones
Economic experts and a number of leading international organizations have assessed that Vietnam is having a golden opportunity to attract investment in industrial zones, especially foreign investment. There are 04 essential factors that create development prospects for Vietnam industrial zone, namely:
- Firstly, political stability and quick economic recovery. After the COVID-19 pandemic, Vietnam is one of the countries that has the highest economic recovery rate in the region.
- Secondly, Vietnam signed many free trade agreements with many countries in the world, facilitating investment and trade activities.
- Thirdly, the Government has shown interest and created opportunities for investments made to Vietnam industrial zone, which can be seen through the promulgated policies and decrees.
- Fourthly, Vietnam has clearly defined its views and goals to attract foreign investment in Vietnam industrial zone until 2030.
Therefore, in the near future, Vietnam industrial zone will receive special attention, opportunities and conditions from the government in terms of attracting investment.
3. Areas attracting foreign investment in the first 10 months of 2022
According to statistics, up to 54 among 63 provinces in Vietnam are areas attracting foreign investment. Of which, Ho Chi Minh City leads the way with a total registered investment capital of more than US$3.42 billion, up 25.3% over the same period last year and accounting for 15.2% of the total registered investment capital. Binh Duong ranks second with a total investment capital of more than US$2.85 billion. Ranking third is Quang Ninh province with a total registered investment capital of nearly US$2.19 billion. Some provinces in the North or North-Central Coast such as Nghe An, Bac Ninh, Thai Nguyen and Hai Phong are also in the region that attracts investment in Vietnam industrial zone.
4. WHA promotes the development of industrial zones in Nghe An
In the context of the strong development of Vietnam industrial zone, many domestic firms have developed services to provide solutions and support foreign investors in investing in the Vietnamese market.
In Nghe An, WHA is the leading developer of a fully-equipped industrial ecosystem, bringing foreign investors absolute peace of mind when investing in the province. WHA ensures to provide standardized factories. WHA provides relevant and practical information for secondary investors while they do business in WHA Industrial Zone 1 – Nghe An such as human resource consulting, management solutions of facilities, transportation and logistics, etc.
Located in Nghe An WHA Industrial Zone 1 – Nghe An is expected to develop WHA Smart Technology Industrial Zone - Thanh Hoa. The total surface area of industrial zones is 11,150 hectares and 875,000 m2 of ready-built factories and logistics areas. The international standard facilities and technological progress comply with standards set by WHA Thailand.
Besides, WHA Industrial Zone 1 – Nghe An also exclusively provides clean water with standard water volume of 30m3/hectare/day. Other infrastructures such as wastewater treatment factory, drainage system, power supply, etc. are fully equipped to ensure that customers can enjoy full utilities in the industrial zone.
WHA Industrial Zone 1 – Nghe An is one of the typical firms that meet the standards of the State, providing all-inclusive services for foreign investors who want to lease industrial plants of diverse scales from small to very large.
The above article has shared about investment situation in Vietnam industrial zone in the first 10 months of 2022, as well as the prospects of the industry. In the near future, Vietnam industrial zone will continue to be a focus of the government's attention and an excellent chance for international investors to enter the Vietnamese market.