Business

FDI flow into Vinh Phuc surpasses 1 billion USD in 2021

The northern province of Vinh Phuc estimates to attract 35 foreign direct investment (FDI) projects and 1.015 billion USD in both newly-registered and addition capital in 2021.
FDI flow into Vinh Phuc surpasses 1 billion USD in 2021 ảnh 1Thang Long Vinh Phuc industrial park (Photo: VNA)
Vinh Phuc (VNA) – The northern province of Vinh Phuc estimates toattract 35 foreign direct investment (FDI) projects and 1.015 billion USD inboth newly-registered and addition capital in 2021.

The value is equal to 253.75 percent of the set target, andup 50 percent against that of the same period last year, according to a reportby the provincial People’s Committee.

At present, Vinh Phuc has eight operating industrial parkswith 328 businesses and nearly 110,000 labourers.

This year, the province’s total budget collection isexpected to exceed 32 trillion VND (1.39 billion USD). Its budget revenues inrecent years have been largely contributed by FDI firms.

To continue attracting investments and promoting local socio-economic development, Vinh Phuc is focusing on implementing measures toensure pandemic prevention and control and step up socio-economic recovery anddevelopment flexibly and effectively.

It also has plans for pandemic prevention and control atindustrial parks./.
VNA
#Vinh Phuc
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