Huge FDI capital flows into IZs, EZsWith their streamlined regulations and many advantages
As of March 2014, more than 50% of all foreign investment in In the first quarter of this year alone, there were 70 FDI projects invested in IZs and EZs nationwide with combined registered capital of more than US$800 million. A typical project is Triple Eye Infrastructure from The Ministry of Planning and Investment reported that these FDI projects are primarily specializing in telecommunications and support industries. World-wide names making an appearance included Samsung, LG and Nokia. These projects have attracted a large number of satellite investors that are now jostling to get in on the action, raising expectations of leading economists and market analysts optimistically to predict that investment and production in IZs and EZs will continue to grow. However, the government has been urged to loosen credit to create the best possible conditions for businesses to develop infrastructure at IZs and EZs, cautions Tran Duy Dong, Deputy Director of the Economic Zone Management Department. VOV |
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Article 17
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