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Ministry proposes orientations for EZs, IPs lawmaking

Your browser does not support the audio element. Upgrading the regulations on EZs and IPs became necessary to promote the development of EZs and IPs in the direction towards innovation and efficiency.

 

An industrial park in Bắc Tân Uyên District, Bình Dương Province. The planning ministry proposes policies to promote the development of new EZ and IP models and new functional areas in EZs. — VNA/VNS Photo Hồng Đạt

HÀ NỘI — The Ministry of Planning and Investment has proposed orientations for building the Law on Economic Zones (EZs) and Industrial Parks (IPs) which would aim to promote innovation and encourage the development of new EZs and IPs models.

Accordingly, the law would set orientations for the development of EZs and IPs in line with regional and provincial planning.

In addition, incentives would be given to investments in EZs and IPs located in localities with challenging socio-economic conditions.

The law would also establish regulations on conditions for investments in the infrastructure systems of EZs and IPs and policies to promote sectoral linkage at EZs and IPs.

Specifically, the ministry proposed policies to promote the development of new EZ and IP models and new functional areas in EZs.

Lê Thành Quân, Director of the ministry’s EZ Management Department, said that the existing policies on EZs and IPs of Việt Nam lacked stability and consistency, and failed to create breakthroughs for the contributions of EZs and IPs to the country’s socio-economic development.

Regulations on managing EZs and IPs were currently stipulated in a decree which was proven to be limited because the operation of EZs and IPs was related to many other sectors such as planning, investment, enterprises, land, construction, environment, housing, and labour, which affected the efficiency of investment attraction, production, and business in EZs and IPs.

Upgrading the regulations on EZs and IPs became necessary to promote the development of EZs and IPs in a direction towards innovation and efficiency.

Over the past three decades, EZs and IPs saw significant developments and contributed largely to the country’s socio-economic development, but the facts showed that there were still bottlenecks which must be removed to create breakthrough development for EZs and IPs, according to the ministry.

The planning of many EZs and IPs was not based on the real demand, investment attraction orientation, and ability, as well as local competitive advantages and resources, which resulted in inefficiency, he pointed out.

The ministry’s statistics showed that as of December  二0 二 二, there were  四0 七 IPs throughout the country, including four export processing zones (EPZs), covering a total area of  一 二 八, 六 八 四ha. Of them,  二 九 二 IPs were operational with an occupancy rate of nearly  七 二 per cent.

Additionally, there were  二 六 border EZs in  二 一 provinces and cities with a total area of  七 六 六,000ha, and  一 八 coastal EZs in  一 七 provinces and cities with a total land and water area of  八 七 一, 五 二 三ha.

IPs and EZs attracted nearly  一0, 四00 domestic projects and  一 一, 二00 foreign-invested projects as of December  二0 二 二, with a total investment of VNĐ 二. 五 四 quadrillion (US$ 一0 五 billion) and $ 二 三 一 billion, respectively, creating  三. 九 million jobs and contributing  五0 per cent to the country’s exports.

The draft law was expected to be discussed at the on-going  一 五th National Assembly’s sixth meeting and passed at the seventh meeting in May  二0 二 四. — VNS

 

 

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