How many industrial parks are in Vietnam?

394 industrial parks
The nation contains 394 industrial parks (IPs) with a total natural land size of 121,900 hectares as of May 2021. There are 286 operating IPs (generating 3.78 million direct employment) with a 71.8 percent occupancy rate, down from 74% last year.

What are the four major industries of Vietnam?

Main Sectors of Industry Vietnam’s economy is based on large state-owned industries such as textiles, food, furniture, plastics and paper as well as tourism and telecommunications. Agriculture represented 14.8% of GDP and employs 38% of the total workforce in 2021 (World Bank, 2022).

Where are Vietnam’s industries mostly located?

Representing some of Vietnam’s main export sectors, garment and textile manufacturing are concentrated in both north and south Vietnam, while footwear and furniture manufacturing are both concentrated in south Vietnam.

Which industries or sectors are protected in Vietnam?

Vietnam’s supporting industries have undergone substantial change and play an important role in global value chains….The development of the supporting industries focuses on the following fields:

  • Electronics industry;
  • Mechanical engineering industry;
  • Hi-tech industry; and.
  • Automotive industry.

Why are there industrial parks?

Why Industrial Parks Are Important to Commerce. Industrial parks can be structured to bring together complementary services and features that will benefit the companies that occupy space there. Ports provide access for commodities and finished products to be brought to major industrial hubs for distribution.

How many special economic zones are there in Vietnam?

18 coastal economic zones
Vietnam. Vietnam has begun to expand its development zone policy to include 18 coastal economic zones and 325 state-supported industrial parks. These economic zones offer their own incentives from free tariffs to low personal income tax.

What are the top 3 industries in Vietnam?

The Biggest Industries In Vietnam

  • Electronics. Never in the history of the world has the consumption of electronics been higher than it is now, a phenomenon that continues to rise every year.
  • Construction.
  • Mining Industry.
  • Services and Tourism.

What is the leading industry in Vietnam?

Leading the list of top industries in Vietnam is obviously information technology industry, which is followed by manufacturing, tourism, logistics, construction and agriculture.

How many factories are there in Vietnam?

Out of 6,000 factories nationwide, over 70 percent are located in or near Hanoi and Ho Chi Minh City.

Is Vietnam richer than India?

The basic facts about Vietnam I knew well before my journey: that it has a per capita income of $370 per annum (significantly less than India’s $450); that its economy is controlled by a communist Government; that it fought a devastating war with the world’s most powerful nation from 1964 to 1975.

What is the biggest industry in Vietnam?

What is Vietnam’s biggest export?

Electronics. Vietnam has emerged as an important electronics exporter, with electrical and electronic products overtaking coffee, textiles, and rice to become the country’s top export item. Samsung is Vietnam’s largest exporter and has helped the country achieve a trade surplus for the first time in many years.