How many industrial parks are in Vietnam?
How many industrial parks are in Vietnam?
The nation contains 394 industrial parks (IPs) with a total natural land size of 121,900 hectares as of May 2021. There are 286 operating IPs (generating 3.78 million direct employment) with a 71.8 percent occupancy rate, down from 74% last year.
Where are the factories located in Vietnam?
Vietnam’s manufacturing is centralized in four key economic regions (KERs), including the Northern, Central, Southern, and Mekong Delta regions. These regions attract different manufacturing sectors and are distinctive in terms of labor pools, industrial mix, and infrastructure.
What is industrial park in Vietnam?
The Development of Industrial Parks In Viet Nam The industrial parks are the government’s location for the production of industrial goods and services. Industrial parks combine certain activities – such as manufacturing, exports, or high technology – and there are many incentives for businesses that cooperate here.
Is Vietnam a free trade zone?
Does Vietnam have any Free Trade Zones? Yes, there are 18 coastal economic zones in Vietnam with over 325 industrial parks within the zones. These industrial parks are spread across the country.
How many special economic zones are there in Vietnam?
18 coastal economic zones
Vietnam. Vietnam has begun to expand its development zone policy to include 18 coastal economic zones and 325 state-supported industrial parks. These economic zones offer their own incentives from free tariffs to low personal income tax.
What is the zone of industrial?
Industrial zone means a zone which specializes in the production of industrial goods and the provision of services for industrial production, which has defined geographical boundaries and which is established in accordance with regulations of the Government.
What is the main industry in Vietnam?
Main Sectors of Industry Vietnam’s economy is based on large state-owned industries such as textiles, food, furniture, plastics and paper as well as tourism and telecommunications. Agriculture represented 14.8% of GDP and employs 38% of the total workforce in 2021 (World Bank, 2022).
Is manufacturing moving to Vietnam?
Vietnam is dedicated to continuing to develop its business and manufacturing sector. Over the past ten years, Vietnam has attracted $143 billion in foreign direct investment (FDI). Over 59% of this investment has gone into the manufacturing sector, which has been a significant contributor to the growth of Vietnam.
Who is Vietnam largest trading partner?
China
Vietnam top 5 Export and Import partners
| Market | Trade (US$ Mil) | Partner share(%) |
|---|---|---|
| United States | 61,404 | 23.21 |
| China | 41,434 | 15.66 |
| Japan | 20,427 | 7.72 |
| Korea, Rep. | 19,729 | 7.46 |
What is Vietnam’s largest export?
Electronics. Vietnam has emerged as an important electronics exporter, with electrical and electronic products overtaking coffee, textiles, and rice to become the country’s top export item. Samsung is Vietnam’s largest exporter and has helped the country achieve a trade surplus for the first time in many years.
How many SEZ are there?
There are nearly 5,400 SEZs today, more than 1,000 of which were established in the last five years.
How many special economic zones are there in Cambodia?
54 Special Economic Zones
As of 2019, Cambodia has in total 54 Special Economic Zones, according to the Council for the Development of Cambodia.