Industrial Parks in Difficult Period

industrial parks in difficultyAttracting investment in industrial zones, export processing zones decreased, partly due to cancellation of preferential corporate income tax.
Only 30 investment projects granted investment certificate in industrial zones, export processing zones (Industrial area) of Hanoi early this year, with total registered capital of around 80 million dollars and 600 billion, by 30% over the same period last year. Even among these, only 12 projects are for new, the rest are projects to increase capital.

According to Nguyen Xuan Chinh, head of the Management Board of Industrial area, Hanoi, the most basic causes of this decline is due to the global financial crisis, which caused the back of investors affected. Besides being the date of January 1, 2009, Vietnam abolished preferential corporate income tax (DN) for the Infrastructure Investment companies and enterprises operating in industrial zones.

"The investment and construction companies Infrastructure kêu most about this issue. Can not equate to the construction of urban infrastructure with the construction of industrial zones, because the investment in the industrial zones will continue to generate profits, increase budget, different from the investment of a general residents. Incentives for the development of industrial zones are also the source of revenue for investment later, "Mr. Main said.

On another aspect, he added that the Government, the Government Decree 69/2009/ND-CP of additional regulations on land use planning, land prices, land acquisition, compensation, support and re - settlement also affected to attracting investment in industrial zones. This, according to Government, led many enterprises Infrastructure Investment Between the implementation of the project.

Related to this issue in a meeting recently with reporters Investment Report, Mr. Hong Sun, Chairman, CEO Co. HS Construction and Development, said that the investors of foreign investment choices in Vietnam is the land rent cheaper, but for the provisions in Decree 69/2009/ND-CP, the advantages are losing.

"Applying the provisions of Decree 69/2009/ND-CP is good for farmers in Vietnam, but with us not even Vietnam lose competitive advantage compared to other countries. Industrial Park project encountered many difficulties and do not know whether to be deployed, "said Hong Sun said, and says that his company has a project in Thuong Tin Industrial Zone (Hanoi). The project has total investment of about $ 90 million, including money to compensate the initial clearance estimated maximum of 18 million dollars, but now, since the merger of Thuong Tin, Ha Noi, so compensation had reached 30 million. In addition to the provisions of Decree 69/2009/ND-CP, the Company HS will take more than the compensation for ground clearance. And that, of course, will make it difficult for investors' Infrastructure as HS.

That is not including a series of other obstacles, making the development of industrial zones also quite a lot of difficulties, such as housing for workers, clearance, even the difficulties related to the establishment, has development and management of Industrial area ...

Statistics show that, as planned by 2020, alone of the provinces and cities in the North (Thua Thien Hue to the) construction of 187 industrial zones, with an area of 77,134 ha and 9 economic zones, with total the Sea Islands area is 389,868 ha. Up to now, has basically completed the construction is over 60% of the industrial zones, attracting nearly 2800 projects, accounting for 40% of the total number of investment projects in industrial zones, economic zones throughout the country, with the total up more than 39.7 billion dollars. For 1982 the project was put into operation in 10 months, these projects have generated sales of 6.39 billion USD, is expected to reach $ 10 billion the year, budget $ 500 million, creating jobs directly to the nearly 400,000 workers ... These figures shows that the contribution of the Industrial area for economic development - society is huge. In the context of general problems, as to remove difficulties continue to attract more investment into industrial zones.

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