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Inefficient industrial parks to be shuttered: Vietnam deputy premier

Friday, March 27, 2015, 18:32 GMT+7
Inefficient industrial parks to be shuttered: Vietnam deputy premier

Inefficient industrial parks with low occupancy rates will be scaled down or even closed to make room for other socio-economic development plans, Deputy Prime Minister Hoang Trung Hai has announced.

The deputy premier also asked the Ministry of Planning and Investment and relevant state agencies nationwide at a meeting on Thursday last week to review the current situation regarding industrial parks and their development so that the plan to scale down inefficient ones can be implemented, according to the Office of the Government.

As reported by the Ministry of Planning and Investment, Vietnam had a total of 295 industrial parks that covered over 84,000 hectares of land in 2014.

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