VN infrastructure needs boost
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More local and foreign investors are seeking investment opportunities in Vietnam's industrial, economic and export processing zones - underlining the need for these zones to improve their internal infrastructure. The assessment was made by the head of the
As of early this year, the country’s 280 established industrial and export processing zones had drawn above US$64.8 billion (Bt1.9 trillion) in foreign direct investment (FDI), according to head of the ministry’s Economic Zones Management Department, Vu Dai Thang.
Annually, FDI deposited in these zones accounted for between 40 and 45 per cent of Vietnam’s total FDI. But despite this, many zones still find it difficult to attract FDI.
Chairman of the Foreign-Invested Enterprises Association Nguyen Mai cited an incomplete legal framework for managing the zones, inadequate infrastructure, a shortage of skilled workers, and inadequate efforts to promote the zones.
