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Last updated: 17/12/2013, 10:26 SA - View: 1911
IZ conference to highlight strengths

An exhibition in Hanoi this week will promote foreign investment into industrial parks nationwide.

This year’s VietIZ, held by the Ministry of Planning and Investment (MPI) and the Vietnam Invest Network Corp, runs from October 28-30 and is the first in the country to date.

According to organisers, the event will showcase many of Vietnam’s premier industrial parks. In a statement they said, “This significant event will aim to generate more interest in industrial parks and economic zones in Vietnam.”

The event will promote the specific advantages and qualities of each park, and there will also be a special conference for industrial park developers, investors, and policy makers to brainstorm strategies for attracting more investment.

“The conference will explore investment trends and management of industrial parks to provide a full picture of these developments in Vietnam, giving investors a deeper understanding of the country’s investment climate,” said the organisers.

Vietnam is home to 283 industrial parks and 15 coastal economic zones. These properties play a key role in luring foreign investment into the country, particularly manufacturing. According to the MPI’s Economic Zones Management Department, industrial parks service 80 per cent of all foreign industrial manufacturing projects, valued at around $70 billion.

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