Vietnam will build additional 101 industrial parks (IPs), and expand 27 existing IPs from now to 2010, according to the country's Ministry of Planning and Investment on Tuesday.

The proportion of production value of IPs in Vietnam's total industrial production will increase to 35 percent in 2010 from current 26.4 percent, and that of their export turnovers in the country's total to 32 percent from 18.8 percent, respectively.

Now, 69 IPs nationwide, covering a combined area of 15,000 hectares, are operating with average occupancy rate of 59 percent, and 46 others with a total acreage of more than 8,000 hectares are under construction.

IPs have so far housed over 1,500 foreign-invested projects with total registered capital of more than 12 billion dollars, and over 1,600 domestic projects totaling 80 trillion VND (nearly 5.1 billion dollars).

Last year, IPs nationwide with total workforce of 700,000 made industrial production of more than 11 billion dollars, and export revenues of 5 billion dollars, the ministry said.

Source: Xinhua