Business

Thua Thien-Hue: IPs increase contributions to State budget

Enterprises operating in industrial parks (IPs) in the central province of Thua Thien-Hue have so far this year paid nearly 966 billion VND (46 million USD) to the State coffer, up 5.7 percent from the same period last year.
Enterprises operating in industrial parks (IPs) in the central provinceof Thua Thien-Hue have so far this year paid nearly 966 billion VND (46million USD) to the State coffer, up 5.7 percent from the same periodlast year.

During the same period, thoseenterprises posted a combined production value of 6.84 trillion VND(325.7 million USD), up 4.3 percent, and total export value of 283.7million USD, a year on year increase of 6.9 percent.

Meanwhile, an additional six projects were licensed in local IPs witha total registered capital of 775 billion VND (36.9 million USD),bringing the number of projects operating in the province’s six IPs to91, worth a combined 18.37 trillion VND (874.8 million USD).

The six IP in Thua Thien Hue have proven their important role in theprovince’s economy, with two of them – Phu Bai and Phong Dien 2-reporting a 90 percent of occupancy rate.

Earlier, the province granted an investment licence to a 5 million USDforeign-invested project to build infrastructure for Tu Ha industrialpark.

Authorities plan to pour over 22 billionVND (1.03 million USD) to build infrastructure at local industrialparks and support construction firms in ground clearance, mine removal,and building waste treatment plants.

Next year, the IPs aim to attract 2.9 trillion VND of investment capital.-VNA
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